August 23, 2002 

Telecoms:

Williams settlement saves Leucadia bid
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Global Crossing scrutinized for ties to embattled analyst
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Officials draft contingency plans to handle telecoms crises
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Verizon's credit crackdown plan delayed
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Citigroup increases effort at internal reform
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Steel:

Administration announces final steel tariff exemptions, excluding 25 percent of steel
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Steel folks angered as tariff is loosened
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Exclusions Have Little Effect On Weirton's Current Products, But Eventually Will Impact Company
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PBGC Takes Over Acme Metals Pension Plans
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Kmart pins future hopes on new look, wider aisles
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Vanguard's Bogle Says Thousands of U.S. Stock Funds May Close
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Ames Bankruptcy May Spur Least Rights Bidding War; Little CMBS Impact
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Directors clash over Commonwealth Energy
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SLI Inc. Reports Continuing Negotiations With Lenders
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Baseball:

Baseball's Lawyers Work for a Deal
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Baseball strike may toss banks a curve
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Martha Stewart sued on charges that she unloaded stock in her company
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Precision Technology to buy bankrupt LLS
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Lawyer Still Jailed For Contempt After Seven Years
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Tonner buys bankrupt doll maker
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Law Firms:

Yankee Doodle Firms
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Clifford Chance Sets Off Feeding Frenzy for Headhunters
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Raid Nets Firm New German Office
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Corp Bond Defaults Seen Peaking But Pace Of Decline Slow
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Corporate Reform:

AOL Likely to Be Probed for Insider Stock Deals, False Financial Statements
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Stock Options Less an Option - Increasingly, companies are looking for other ways to incent senior managers
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How to spend $67 billion
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Pitt asks NYSE, NASD to review IPO practices
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Enron insider's revelations point to greed helping drive company's implosion
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Chief of former Enron unit arrested

Enron episode ... then rescue
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Enron CEO Stephen Cooper Says It May Take a Year...
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Keystone Kopper
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Enron sells UK water firm
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Enron's Interim CEO Says Corporate Crises Show Breakdown in Leadership
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Other Enron officers likely to be charged by US
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Airlines:

Federal loans show bias, say smaller airlines
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Continental, Delta, Northwest plan to link up
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Investors Like Moves by Nation's Airlines
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So Much Sacrifice, So Little in Return
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Airlines are making far less per mile
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Hooters chief checks out airline to see if it can fly
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Dot-com bust hurt airlines
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US Airways unveils plan to cut staff and flights
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United front weakened by bankruptcy threat
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Big bonuses at troubled US Airways
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In Asia, airlines defy slump
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More US Airways workers ratify restructuring agreements
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Adelphia:

Part Of Adelphia Debtor-In-Possession Loan Repriced
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Court approves $1.5 billion loan for Adelphia
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Prosecutors Seek Extension Of Deadline in Adelphia Case
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More Layoffs Ahead For Investment Banks
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Kaiser Aluminum Seeks To Reject BPA Power Pact
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Budget:

Cendant finally clinches Budget deal
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Cendant agrees to buy Budget Group for $107.5 million
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Budget Group Creditors Committee Supports Cendant Deal
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Digeo to use bankrupt company's technology to secure digital content
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Bankrupt giants inspire new kind of investment
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Woman Finds IRS Tax-Bill Reduction Program Is No Guarantee
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Oregon business bankruptcies up 20 percent
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - 54 Jobs - Last Updated August 19, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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This Week's Poll:

BK Polls One flavor of pending bankruptcy reform legislation (the Employee Abuse Prevention Act bill) would prohibit corporate debtors from filing for bankruptcy relief in a district based solely on (a) the debtor’s incorporation in the State where that district is located; or (b) the presence of a subsidiary or affiliate in that district. This week's topic is: A corporate debtor should be allowed to file bankruptcy in the State where the debtor is incorporated even if that State is not the debtor's principal place of business in the United States. Strongly Agree Agree Neutral Disagree Strongly Disagree

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Energy:

PG&E recovery plan loses support of large creditors
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PG&E National/Credit Line Extended: Can Pursue Options
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Calif. power regulators to use ratepayer money to pay PG&E debts
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Regulators battle it out over development of power grid
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Regulators, PG&E Creditors OK Deal
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Energy traders see a rare market rally
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Economists Say Recession Has Ended
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WorldCom:

Ebbers must get top dollar for assets
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Inside the WorldCom Numbers Factory
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Accounting:

German companies object to U.S. accounting rules
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BDO May Have Known About Berlin Bank's Risks
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SEC Warns Accountants about 'Swap' Transactions
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Canada:

Huge loan-loss provision pushes TD Bank to rare quarterly loss: $428 million
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Alberta man was bankrupt nine years ago - Edmonton banker charged with fraud told receiver he was living beyond means
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Korea:

Hynix no choice but to sell assets
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England:

NTL May Soon Leave Bankruptcy
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Mardi Gras Survives Bankruptcy
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Yorkshire facing bankruptcy
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