September 14, 2001 Daily Bankruptcy News

September 14, 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

Metromedia Gets Extension of Financing Commitment (DBN Subscription Required) Disaster Displaces 14,000 New York Lawyers (DBN Subscription Required) On Web Site, Associates' Greed Gives Way to Grief, Concern, Anger (DBN Subscription Required) Business Costs Expected to Be Staggering (DBN Subscription Required) A Property Man's Dream Turns to a Nightmare (DBN Subscription Required) A Ruinous Day for Insurers - The staggering costs related to the bombings could bankrupt some smaller companies Tech sector braces for tougher times after attack (DBN Subscription Required) Airlines: After tragedy, executives feel invincible no more (DBN Subscription Required) Air travel suffers rippling effects from Tuesday’s hijackings (DBN Subscription Required) Fear of flying to hit jet fuel demand harder (DBN Subscription Required) US airlines look for solutions and start to feel the fallout (DBN Subscription Required) Airline losses could be in billions (DBN Subscription Required) How Much Heavier Can Airlines' Baggage Get? - After the hijackings, carriers' fortunes have gone from bad to really bad, fast Skycaps Will Pay Price of New Rules (DBN Subscription Required) Airlines Want Protection From Lawsuits (DBN Subscription Required) Airline industry may face losses of $10bn __________________ Symington: Symington cuts debt deal (DBN Subscription Required) Ex-Governor of Arizona Settles Bankruptcy Case (DBN Subscription Required) _______________ Judge Rules in Favor of Maxxam in Bank Failure Suit (DBN Subscription Required) Ebiz bankruptcy a troubled sign for Linux companies (DBN Subscription Required) Internet hotels haunted: Venture seen as an exciting opportunity a year ago faces spectre of bankruptcy (DBN Subscription Required)	Power Utilities: Time running out on Edison deal (DBN Subscription Required) New Draft Of Edison Rescue Bill Cuts Bond Deal To $2.5B (WSJ: separate paid subscription required) California lawmakers face largest issue, hundreds of bills on final day of session (DBN Subscription Required) Developments in California's energy crisis (DBN Subscription Required) Burton Lays Down Law With Enron (DBN Subscription Required) _______________ Steel: Wheeling-Pittsburgh Steel Corporation and United Steelworkers of America Reach Tentative Agreement on Contract Extension (DBN Subscription Required) Steel plants sink into crisis (DBN Subscription Required) Union: Wheeling-Pittsburgh Workers To Take Pay Cut (WSJ: separate paid subscription required) Wheeling-Pitt, union reach new labor pact - Steelworkers accept job cuts, but '30-and-out' clause is restored (DBN Subscription Required) Bosses steeled for tricky talks on supply: Profitability of the steel industry will be the focus of talks (DBN Subscription Required) __________________ Associate Recruiting Continues Despite Silicon Valley Layoffs (DBN Subscription Required) Joint $151M bid for Schwinn prevails (DBN Subscription Required) Mill workers' involuntary bankruptcy petition moved to South Carolina Unemployment Claims Up; Consumer Confidence Sags (DBN Subscription Required) Car Makers Slowed by Parts Delays (DBN Subscription Required) World's banks prop up markets in move to avert global recession (DBN Subscription Required) American Tissue Lays Off About 112 LI Workers (DBN Subscription Required) Mass: Nursing homes file petition for bankruptcy (DBN Subscription Required) Official optimistic National Airlines can surmount setback (DBN Subscription Required) Pillowtex Closes On Sale Of Blanket Unit To Invest Group (WSJ: separate paid subscription required)	New Bankruptcy Opinions (1 new opinion today) Bankruptcy Jobs (DBN Subscription Required) Bankruptcy Court Web/Pacer Site Directory New life pending for Genesis Health (DBN Subscription Required) Telecoms: Rhythms subsidiaries remain in business ______________ Lernout & Hauspie Scrambles To Save Core Biz (DBN Subscription Required) Canada: NetActive files for bankruptcy (DBN Subscription Required) ______________ Japan: Japan's Mycal, fourth largest supermarket chain, files for court protection (DBN Subscription Required) Nikkei recovers 10,000 on reports of Mycal failure (DBN Subscription Required) Japan Aug Corporate Bankruptcy Cases Down 5.4% On Year (WSJ: separate paid subscription required) U.S. Devastation Threatens Japan's Banking System (WSJ: separate paid subscription required) DKB to cut financial lifeline to struggling Mycal (DBN Subscription Required) _______________ England: Independent's Bright owes £5m to creditors Bankers In Desperate Bid To Trace Colleagues (DBN Subscription Required) ______________ France: Kitchen sinking - Why Moulinex Brandt is near to bankruptcy (DBN Subscription Required) _____________ Australia: Australian Airline Files for Bankruptcy (NYT: separate free registration required) _______________ Weather Forecast: Enter City, State, or Zipcode: