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Power Utilities:
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Squabbling Over PG&E Fees
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FERC
Deadline Looms for Energy Traders
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PG&E
creditors to decide on rival bankruptcy plans
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U.S.
power sector downturn seen lasting 3-5 years
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Davis
To Silicon Valley: Since You Asked For Electricity Deregulation, You Must
Pay Your Share To Fix It
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FERC
Acts to Eliminate State Power Bottleneck
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______________________
Economy:
Consumer
Spending Tumbles, Spurs Worries About Recovery
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____________________
Steel:
Weirton
Steel Slashing Its Debt
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LTV
sells its stake in two ventures
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GS
Industries Withdraws Plan For Georgetown Steel
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___________________
ImClone:
Former
CEO takes the Fifth
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Martha's
Prison Everyday Collection
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Anguished
Martha, "I Can't Believe This Is Happening"
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____________________
Peregrine
plays for more time
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Airlines:
ATA
may seek federal loan guarantees
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United
Airlines may apply for federal loan guarantee
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_______________________
Enron:
Scandal
Sheet
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Dynegy
claims Enron was already sunk
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Dynegy
Challenges Enron's Claim
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Bankrolling
Enron's global exploitation
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The
route to ruin: Enron snared U.S. support for pipeline
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_________________
Scandal
beat
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Car-rental
rivals lose ANC merger block bid
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Mellon
moves to disclose insider actions more quickly
CMS
Energy woes continue
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Michigan
gov. rejects bankruptcy for Highland Park
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Asbestos:
Pennsylvania
Court Upholds Law Limiting Asbestos Liability - Nearly 400 cases against
defendant Crown Cork & Seal dismissed
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Ex-US
AG blasts "jackpot justice" asbestos suits
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__________________________
Roadhouse
Grill's Disclosure Statement Approved by Court; Company Expects to Emerge
from Chapter 11 in August
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Justice
Dept. questions bankruptcy sale of Ira Rennert's Utah magnesium plant
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Melville
Site On the Block By SwissAir Bankruptcy Estate
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Bankrupt
APW Vague on Future of New Hampshire Manufacturing Plants
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Fannie
May parent files for Chapter 11
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Rosemont
wants casino to be declared bankrupt
Unclaimed
Freight Co. closes its stores
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Jay
Alix - Junkyard dogs
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Accounting:
Andersen
jury leaning to conviction
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Andersen
Jurors Question Judge on 'Corrupt Intent' Issue
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Andersen
Verdict Could Hinge On Critical Ruling From Judge
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Arthur
Andersen jury may be leaning toward guilty verdict
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Moody's
to Look at Governance, Disclosure Ahead of Evaluations
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Auditing
Standards Board Issues SAS95, Critics Want More
Teams
of prosecutors and defense attorneys
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Actor
squashes accountant to death
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SEC
Starts Rule-Making Process for Post-Enron Reforms
Jury
sends flurry of questions to judge in Arthur Andersen deliberations
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Grant
Thornton Hires Andersen Houston Staff
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______________________
Frontline
gets hung by debt
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Telecoms:
Judge
OK's sale of PSINet facility
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SEC
begins probe of Metromedia accounting
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Ericsson,
Nokia risk big credit losses in event of Mobilcom bankruptcy
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France
Telecom faces more cash burdens
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Colt
receives bondholder begging letter
Level
3's strategy: Vision or folly?
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Net
chaos looms as Ebone closes
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Metromedia
Fiber Gets SEC Probe
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For
XO, breaking up is hard to do
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Past
deals haunt France Telecom
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Global Crossing Boss Offered $5 Million Incentive To Stay - The Price of Failure?
_____________________
Level
Propane files for bankruptcy
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L&H
Seeks To Block Other Plans In Ch 11 Case Thru Aug 1
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Keen
Realty And Great American Group Announce Bankruptcy Auction Date Set For
6+ Acre Property In Birmingham, Michigan
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Merck
raises bid for Gliatech assets
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Bankruptcy
Reform:
Finance
groupings unite on debt rules
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___________________ Law
Firms: Clifford
Chance's Move West - Battle for California clients looms ahead
(DBN Subscription Required) New
Law Grads Stepping Out on Their Own
(DBN Subscription Required) Does
Making Partner Mean Anything Today?
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Sees Need to Merge With US Firm
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NY Firms Decentralize Offices?
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Chance Not Laying Off Staff
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in Rude Rainmakers
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Associates Lose Jobs at Tech Firm
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O'Connor Firm Still Growing Despite Defections
(DBN Subscription Required) ______________________ HA-LO
Industries Provides Update on Status of Bankruptcy Case
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worried as banks start to both lend and advise
(DBN Subscription Required) Beal
Bank to move charter out of Texas, wants to expand into collateralized
bankruptcy exit financing, but stymied by Texas laws
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New
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Court Web/Pacer Site Directory
D&O
insurance useless if insurer is in trouble
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leaves foottbal team's creditors steamed
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Tyco: SEC
Launches Formal Probe of Tyco International
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Two
More Tyco Board Members Had Hidden Dealings With Firm
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___________________ Adelphia: Adelphia
seeks accountant, board members, bankruptcy financing
(DBN Subscription Required) Adelphia
Weighs Bankruptcy
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to Select New Auditor
(WSJ:
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blocks Rigas family compensation
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Business Creditors Derail Rigas Settlement
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Asks J.P. Morgan, Salomon for $1.5 Bln Loan
(DBN Subscription Required) Adelphia
Seeking $1.5B Loan
(WSJ:
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Adelphia Has Full Agenda
(DBN Subscription Required) ______________________ USFilter:
Bankruptcy Court Ruling Approves EarthLiquids Acquisition
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Utility Seeks $60 Million from Kaiser Aluminum
(DBN Subscription Required) Comdisco
Reaches Agreement with Creditors' and Equity Committees on Consensual
Plan: Bankruptcy Court Approves Comdisco Disclosure Statement
(DBN Subscription Required) Farmland
expects $17 million from settlement with BASF
(DBN Subscription Required) Egghead's
pieces up for auction
(NYT: separate free registration required) Sunterra
Corporation Obtains Court Approval for New Financing With Merrill Lynch
(DBN Subscription Required) Creditors
Give Houston-Based Contour Energy an Extra Month for Bonds Repayment
(DBN Subscription Required) Earful
of Books files Chapter 11
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Nanny will file for bankruptcy protection
(DBN Subscription Required) Japan: Shadow
manipulation' denied
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Bankruptcies Decline in May
(WSJ:
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warns of Japan's bankruptcy risk
(DBN Subscription Required) ____________________ Indonesia: Corrupt
judge falsely declares Manulife Indonesia bankrupt
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Court Declares Manulife Unit Bankrupt
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Blasts Indonesia Bankruptcy Ruling
(DBN Subscription Required) _____________________ England: Sellafield
'a nuclear black hole' - Report attacks BNFL accounting standards
(DBN Subscription Required) __________________ Canada: Small
publishers lose battle to get money from distributor)
(DBN Subscription Required) Sask.
special crops seed company in receivership
(DBN Subscription Required) _______________________ Germany: Banks
Pull the Plug on Germany-Based Media Empire
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Polish shipyard to declare bankruptcy
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