June 5, 2002 

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

         
Kmart:

Promotional sale results buoy Kmart
(DBN Subscription Required)

____________________

White powder causes building’s evacuation: Suspicious envelope sent to bankruptcy lawyer’s office
(DBN Subscription Required)

Airlines:

Senate Seems Set to Help US Airways
(DBN Subscription Required)

Airline stocks continue fall after failure of fare increase
(DBN Subscription Required)

A path less preferred

US Airways Makes Progress On Cost Cuts, Loan Guarantees
(WSJ: separate paid subscription required)

US Airways pilots agree to big cuts

Airline Aid Halt Rejected By Senate
(DBN Subscription Required)

___________________

Shaw-Beneco closing near
(DBN Subscription Required)

World Kitchen:

World Kitchen Receives Court Approval for First-Day Motions; Judge Approves Interim Use of Debtor-in-Possession Financing Package
(DBN Subscription Required)

Union president: World Kitchen employees hopeful, nervous

____________________

Telecoms:

Velocita bankruptcy hurts others
(DBN Subscription Required)

KPNQwest in Talks With AT&T, Others About Asset Sale
(DBN Subscription Required)

Flag Telecom Gets Court OK For Cost-Reduction Program
(WSJ: separate paid subscription required)

Xspedius-e.spire deal approved
(DBN Subscription Required)

KPNQwest costs Dutch parent €500,000 a day
(DBN Subscription Required)

Williams Commun Creditors Seek Info On Exec Pay, Ex-Parent
(WSJ: separate paid subscription required)

CoServ Telecom receives financing commitment
(DBN Subscription Required)

Metrocall Wins Authority To Use Lenders' Cash Collateral
(WSJ: separate paid subscription required)

Velocita Seeks Bankruptcy Protection, Exits Telecom Services
(DBN Subscription Required)

______________________

Napster Bankruptcy Hits Sour Note for Boies Firm
(DBN Subscription Required)

Turnaround Experts Go Back to School
(DBN Subscription Required)

NYSE Governance Rules Have Activists Salivating
(DBN Subscription Required)

Adelphia:

Adelphia unit wants to shed resale lines
(DBN Subscription Required)

Rigas Family Resigns As Directors
(DBN Subscription Required)

Salomon Draws Focus Over Work For Adelphia
(DBN Subscription Required)

Adelphia Business Settles Dispute Over Stadium Name
(DBN Subscription Required)

Adelphia Business Solutions Clarifies Terms of Proposition to Sell TSR Lines to BellSouth
(DBN Subscription Required)

Titans Nix Adelphia's Naming Rights
(DBN Subscription Required)

Cable execs remain cool on quick Adelphia deals
(DBN Subscription Required)

Adelphia Business Solutions may sell some operations to BellSouth
(DBN Subscription Required)

____________________

Disgruntled Borrowers Sue Household
(DBN Subscription Required)  

NTL's Debtor-In-Possession Loan Hearing Moved To June 19
(WSJ: separate paid subscription required)

 

  In a State of Bankruptcy
(DBN Subscription Required)

San Jose Symphony:

Bankruptcy Looms for Calif. Symphony
(DBN Subscription Required)

San Jose Symphony, loaded with debt, shuts down again
(DBN Subscription Required)

________________________

$750,000 in bonuses asked for Arthur D Little executives
(DBN Subscription Required)

Contour:

Bankruptcy likely after lender calls payment: Contour
(DBN Subscription Required)

Contour Energy does not have funds to pay notes in full

Contour Receives Acceleration Notice
(DBN Subscription Required)

Investors call in debt on struggling Contour
(DBN Subscription Required)

________________________

Accounting:

Defense close to finishing in Andersen trial
(DBN Subscription Required)

Prosecution Hammers Last Andersen Witness
(DBN Subscription Required)

Andersen Jurors Await Deliberations
(DBN Subscription Required)

Andersen employees defecting
(DBN Subscription Required)

Doubts shed on accounting reform
(DBN Subscription Required)

Corzine: Accounting Bill May Die
(DBN Subscription Required)

Andersen case may not add up for prosecutors
(DBN Subscription Required)

Prosecutors at Andersen trial say former SEC investigator should have seen inquiry coming
(DBN Subscription Required)

Andersen trial ruling on a knife edge as closing remarks begin

Andersen partner advised against shredding
(DBN Subscription Required)

Peregrine problems continue
(DBN Subscription Required)

Andersen to Pay $217M Settlement Late
(DBN Subscription Required)

_________________________

Steel:

Birmingham Steel Corporation Receives Approval Of First-Day Motions
(DBN Subscription Required)

_______________________

Asbestos:

Halliburton Asbestos Plaintiffs Agree to Extend Current Stay on Asbestos Claims
(DBN Subscription Required)

_______________________

Slow Growth Is Good for Lenders
(DBN Subscription Required)

Law Firms:

Northeast Firms Join the Manhattan Migration
(DBN Subscription Required)

Accounting Firm's Legal Arm Raids Manhattan Firm
(DBN Subscription Required)

_____________________

ELGN President and CEO Fired; to File Bankruptcy
(DBN Subscription Required)

Forced Exits Yield Large Payments For Some Disgraced Former CEOs
(WSJ: separate paid subscription required)

Amsterdam Art faces possible bankruptcy
(DBN Subscription Required)

North American Wire Products seeks bankruptcy protection
(DBN Subscription Required)

Conseco Finance pays off debt early
(DBN Subscription Required)

More Public Companies Are Going Bankrupt, According to Florida Research Firm
(DBN Subscription Required)

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - 142 Jobs - Last Updated June 3, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Chapter 11 could be end of story for US farm co-ops
(DBN Subscription Required)

Farmland:

Farmland to close 16 stores

Fears follow Farmland bankruptcy
(DBN Subscription Required)

Farmland says producers still sending hogs to plants
(DBN Subscription Required)

Farmland has first hearing since filing for bankruptcy
(DBN Subscription Required)

_____________________

VisionLand debt prompts Chapter 9 filing
(DBN Subscription Required)

Enron:

Firm Wins Enron Employee Committee Beauty Contest
(DBN Subscription Required)

Former Enron employees could share $29 million settlement
(DBN Subscription Required)

Enron Seeks To Stay Suits Involving Non-Debtor Assets
(WSJ: separate paid subscription required)

Enronitis
(DBN Subscription Required)

Enron Creditors' Committee Complains of Board Slowness
(DBN Subscription Required)

Company avoids foreclosure on tower
(DBN Subscription Required)

Panel receives Enron data
(DBN Subscription Required)

A boom Web-ifying Enron evidence
(DBN Subscription Required)

White House releases papers

Texas Public Utility Commission Might Fine Enron for Power Overscheduling
(DBN Subscription Required)

_____________________

Power Utilities:

Power company says it could go broke
(DBN Subscription Required)

OK Energy Corral gives harsh lesson to U.S. regulators

Energy Companies Face Accusation Of Stonewalling in California Probe
(WSJ: separate paid subscription required)

___________________

D-Day Memorial Creditor Sues
(DBN Subscription Required)

Los Fresnos near bankruptcy - City slashes staff hours to remain solvent
(DBN Subscription Required)

PixTech Announces Termination of Operations; Bankruptcy Filing Imminent
(DBN Subscription Required)

Las Vegas development firms file for bankruptcy
(DBN Subscription Required)

Bankruptcy Filings in Northwest Ohio Continue to Beat 2001 Record
(DBN Subscription Required)

Korea:

Current Hynix directors to meet
(DBN Subscription Required)

Oldest Korean Bookstore Goes Under
(DBN Subscription Required)

_____________________

Canada:

Bankruptcy rate near flat in April
(DBN Subscription Required)

______________________

Japan:

Fujiki Komuten files for bankruptcy
(DBN Subscription Required)

________________________

Mexico:

Mexican Construction Firm Iconsa Files For Bankruptcy
(WSJ: separate paid subscription required)

____________________



Please note that the Daily Bankruptcy News is primarily a news link gathering service. This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News.

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
9/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. 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