December 31, 2002 

United Workers to Oppose Temporary Cuts
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UAL to tell Calif. employees of 'significant' layoffs
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Bankruptcy judge to rule on United pay cuts
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United Airlines' Bankruptcy Shakes Its Chicago-Area Hometown
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UAL bondholders agree on changing trading rules
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Judge Delays Final Ruling on UAL Stock-Plan Sales
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Bankruptcy judge says State Street can't sell UAL shares
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UAL: The canary in the coal mine?
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Grounded UAL would hit DIA hard
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United expects $3.2 billion loss in 2002
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Revamping Air Travel, From the Ground Up
(NYT: separate free registration required)

United granted access to $800M
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UAL asks to end leases at airport serving Vail
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Telecoms:

Global Crossing chairman resigns
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ROHN Industries Inc. Telecom Manufacturing Plant Likely to Cease Operations, Bankruptcy Possible
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Winnick A Loser
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Ebbers Used Debt to Build Empire
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iPCS likely to declare bankruptcy
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Creditors Force Dallas DSL Firm into Chapter 7 Bankruptcy
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CenturyTel offers to buy fiber-optic business
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Frisby Technologies, Inc. Receives Demands for Immediate Payment From Two Secured Creditors
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Enron:

Enron's downfall depicted in CBS' 'The Crooked E'
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Banker can't recall e-mail about trades
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Kirkland Is Out, But V&E Is Still In - Why? Silence Is Golden 
(DBN Subscription Required) - The Opinion (caution, large download)

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Horsehead:

Horsehead Industries secures $50 million in financing
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Deal may help zinc company recover - Palmerton plant could be improved; Chapter 11 status would remain
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Adelphia Stockholders Hope for Sliver of Asset Pie
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Judge OKs Farmland sale of airplane stake
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Economy:

Home Sales Cool, Manufacturing Fragile
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Comdisco delays annual report
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Steel:

Judge not likely to revive J&L bankruptcy case
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Cold Metal, USWA Reach Agreement To Keep Indianapolis Plant Operating
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Wire Rope can cut pension benefits
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Energy:

NRG Energy says deferred principal payment on bonds
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How Energy Trading Bonanza Went Bust
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Accounting:

Pushing Accounting Rules to the Edge of the Envelope
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Changing the Definition of Cash Flow Helped Tyco
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E&Y Sued for Sheltering Taxes
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US auditors fear tax work may go to law firms
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When Creative Leases Are a Red Flag
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Auditors crack whip, preach tough love post-Enron
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Auditors' insurance fees skyrocket - Premiums, deductibles soar in wake of scandals
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KPMG Is Told to Present Its Papers on Tax Shelters
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Martin Industries files for bankruptcy
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Shops Drop After Bruising Holiday
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Poor holiday sales expected to thin retailer ranks
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Asbestos:

Halliburton Tries to Settle Asbestos Suits
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Newcor: Large Majority Of Creditors Support Plan
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Credit Counseling: Relief Or More Grief?
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs - 784 Jobs - Last Updated December 10, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Corporate Reform:

Long arm of the law moves west
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Tyco internal investigation finds no significant fraud
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Executive Loans Being Eyed
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Tyco on Tyco: Errors Made, But No Fraud
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Law Firms:

Lawyer earns top billings with high drama
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Firm Indicates It Is Finished With Layoffs for Now
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Oakwood Homes To Post $94M 4Q Loss Vs $50M Loss
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Meat businesses at center of Farmland's plan to repay creditors
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Creditors, Judge Approve Bankruptcy of Former First Lady of Kentucky
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Guilford Mills Delays 10-K To Adopt Fresh-Start Reporting
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For Banks, Relief From Slump Likely Won't Arrive With 2003
(WSJ: separate paid subscription required)

Bankruptcy lawyer in fraud case sentenced
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International Paper Box Machine Co. Reaches Agreement with Largest Creditor
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FAO Not DOA: Company Averts Bankruptcy, to Close 55 Zany Brainy Stores
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United Pan-Europe Chapter 11 Plan To Pay Notehldrs 20.9%
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DataMirror Buys Bankrupt SmartSales Assets
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Sarbanes-Oxley and the "Reliance on Others Defense"
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Japan:

Takenaka urges patience for full fruit of reforms
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Nikkei tumbles to 20-year low
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Canada:

Approval of Nu-Life Restructuring Plan
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Australia:

Boards fear Goodman ruling
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