October 24, 2001  

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

Also available on the Web (with links to the news stories)  at: http://bkinformation.com/News/DailyNews.htm

Prior editions available at http://bkinformation.com/bankruptcy_news.htm

         
Bankrupt bond returns tumble as bankruptcies soar
(DBN Subscription Required)

Judge approves Phar-Mor's $135M DIP
(DBN Subscription Required)

Billions of Insurance Dollars Could Depend on How World Trade Center Attacks Are Defined
(DBN Subscription Required)

U.S. economists see job cuts and weak economy
(DBN Subscription Required)

Lernout & Hauspie:

L&H says sell-off could be done in four weeks
(DBN Subscription Required)

L&H sells transcription unit to MedQuist
(DBN Subscription Required)

_________________

Diebold Buys $28M of Assets from Bankrupt Mosler
(DBN Subscription Required)

HMG Worldwide Corporation Seeks Protection to Reorganize Under Voluntary Chapter 11 Filing
(DBN Subscription Required)

U.S. Commercial Real Estate Weaker - Hotels Down Sharply
(DBN Subscription Required)

Barden buys Vegas gaming hall - Businessman who couldn't get foothold in Detroit purchases bankrupt casino
(DBN Subscription Required)

Rush Enterprises Announces Preliminary Agreements to Acquire the Assets of Bankrupt Transcom Sub
(DBN Subscription Required)

Steel:

Court approves sale of LTV unit
(DBN Subscription Required)

U.S. Ruling on Steel Sparks Anger
(DBN Subscription Required)

Steel Industry Must Restructure
(DBN Subscription Required)

U.S. Steel Actions May Put President
In Bind With Allies in War on Terror
(WSJ: separate paid subscription required)

Steel stakeholders react to trade commission's ruling
(DBN Subscription Required)

Judge approves sale of LTV Steel Mining
(DBN Subscription Required)

Is America building up for a trade war over steel imports?
(DBN Subscription Required)

US iron fist stirs global steel war
(DBN Subscription Required)

Steel trap
(DBN Subscription Required)

_________________

Dotcoms:

MerchantOnline Files Chapter 11
(DBN Subscription Required)

IPO Suits Put Dot-Coms in Dual -- and Conflicting -- Roles
(DBN Subscription Required)

Valley's recovery outlook is gloomy
(DBN Subscription Required)

________________

Power Utilities:

PG&E bankruptcy payments delayed: A judge says he needs time to decide if some expenses are justified
(DBN Subscription Required)

Calif. officials said near power bond agreement
(DBN Subscription Required)

Perhaps third time will be the charm for Davis on power contracts
(DBN Subscription Required)

____________________

Payless Cashways gets court's OK to sell 15 stores, distribution center
(DBN Subscription Required)

ITS Seeks Bankruptcy Court Injunction Against Former Chairman's Attempt to Take Control of Company
(DBN Subscription Required) 

  Telecoms:

FCC Says NextWave Case Difficult
(DBN Subscription Required)

Angry shareholders add voices to creditors to oppose Excite buyout
(DBN Subscription Required)

Excite Investors Refuse To Let Go
(DBN Subscription Required)

Company Reduces Bid For Assets of Teligent
(DBN Subscription Required)

US economic slowdown hits AT&T operations

Lucent posts $8.8 billion loss in latest quarter
(DBN Subscription Required)

Rhythms lost $450 million in final 8 months of operation

_______________

Hewlett Packard Ups Offer for Comdisco's Computer Service Business
(DBN Subscription Required)

Quality Stores:

Angry bondholders force Quality Stores filing
(DBN Subscription Required)

Shrinking Quality Stores in Bankruptcy Court
(DBN Subscription Required)

__________________

Cruise Lines:

Cruise prices sink to new lows
(DBN Subscription Required)

Carnival Signals Enduring Booking Woes
(DBN Subscription Required)

Passengers, crew stranded when cruise line goes bankrupt
(DBN Subscription Required)

Carnival unit sues to seek control of Patriot - The foreclosure attempt comes on the heels of American Classic's Chapter 11 filing
(DBN Subscription Required)

Marietta will miss riverboat visits
(DBN Subscription Required)

High and dry? Some who planned riverboat trip may have trouble getting refund from ailing travel company

Bankruptcy leaves ship, cruises in limbo
(DBN Subscription Required)

__________________

Restructuring . . .

AT&T to cut 2,400 jobs
(DBN Subscription Required)

Sears to unveil overhaul plans - layoffs expected
(DBN Subscription Required)

SBC Says Profit Fell 31% in 3rd Quarter, Plans Lay Offs, Cuts in Capital Spending
(WSJ: separate paid subscription required)

U.S. News & World Report Reduces Staff, Cuts Salaries Across the Board
(DBN Subscription Required)

Disney Asks 7,400 Workers to Cut Back Jobs
(DBN Subscription Required)

B/E Aerospace Closing Five Production Plants, Lops 1,000 Jobs
(DBN Subscription Required)

Merrill Lynch Plans to Offer
Buyout to Its Staff World-Wide
(WSJ: separate paid subscription required)

Emerson Plans Further Job Cuts
Amid Slowdown Following Attacks
(WSJ: separate paid subscription required)

________________

Xerox Posts Loss - Standard & Poor's Lowers Its Bond Rating to Junk
(DBN Subscription Required)

Mortgage Debt 'Won't Fall Off'
(DBN Subscription Required)

Railworks gets court OK for $165 mln DIP financing
(DBN Subscription Required)

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Airlines:

Swissair aid boosts tension in EU talks
(DBN Subscription Required)

Sabena goes to court amid reports it will seek final bankruptcy
(DBN Subscription Required)

EU Questions Swissair Bailout
(DBN Subscription Required)

Sabena May File For Bankruptcy Wednesday
(WSJ: separate paid subscription required)

Ottawa to raise ownership limits to trigger investment in Air Canada
(DBN Subscription Required)

________________

Bankrupt Lodestar Energy Seeks Court Authority To End Executory Coal-Supply Deal
(WSJ: separate paid subscription required)

Polaroid:

Meetings set to sort out Polaroid health coverage
(DBN Subscription Required)

Polaroid Employees Pay Price for Helping to Save Company from Takeover
(DBN Subscription Required)

___________________

Pacific Aerospace & Electronics, Inc. and Noteholders Amend Lock-Up
(DBN Subscription Required)

The picture couldn’t be gloomier
(DBN Subscription Required)

Japan:

Shinkin bank failures highlight stress on industry
(DBN Subscription Required)

Japan Consumer Confidence Falls; Spending May Follow
(DBN Subscription Required)

Solving Japan's Bad-Debt Problem
(WSJ: separate paid subscription required)

An economic wrecking ball
(DBN Subscription Required)

__________________

England:

A second chance - Government’s proposed reforms of insolvency law would move the country away from a culture of ‘creditor in possession.’
(DBN Subscription Required)

BNFL dismisses 'insolvent' claim
(DBN Subscription Required)

U.K. unveils plan for Railtrack successor
(DBN Subscription Required)

Railtrack accused of overblowing value
(DBN Subscription Required)

Britain's Rail Mess
(WSJ: separate paid subscription required)

The worst of all worlds: The plan for a successor to Railtrack confuses accounting niceties with economic reality
(DBN Subscription Required)

______________

China:

Beijing puts freeze on state-group bankruptcies
(DBN Subscription Required)

_________________

Korea:

Fears of debt collapse prompt difficult choices
(DBN Subscription Required)

US$850mil Hyundai-AIG deal in jeopardy

________________

 

Weather Forecast:
Enter City, State, or Zipcode:

If you received the Daily Bankruptcy News via email, to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com  

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $3/month, payable annually.  A separate password is required for each member of a firm wishing access to restricted links. Volume discounts are available. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm.
Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com 

Copyright 2001  [BKINFORMATION.COM]. All rights reserved.