October 22, 2002 

Cruise line gets OK for examiner
(DBN Subscription Required)

Addicted Gambler, Bankrupt, Sues Casino for His Losses
(WSJ: separate paid subscription required)

Asbestos: 

ABB considers Ch. 11 for U.S. unit
(DBN Subscription Required)

ABB shares slump on asbestos warning
(DBN Subscription Required)

________________

Kmart:

Still Married to Martha
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SEC Plans Fraud Charges Against Martha Stewart
(DBN Subscription Required)

Kmart Reaffirms Plan to Emerge From Chapter 11 by Next July
(DBN Subscription Required)

Kmart Corp. may be on the ropes, but it's not going down without a fight
(DBN Subscription Required)

Kmart to File Reorganization Plan in Feb.
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Kmart September Same-Store Sales Lower
(DBN Subscription Required)

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Wall Street pay: '88 redux
(DBN Subscription Required)

Advanced Lighting Technologies, Inc. Announces Extension of Agreement with Banks
(DBN Subscription Required)

Tech banker ranks dwindle amid dire slump
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Energy:

S&P comments on PG&E Corp loan renegotiation
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PG&E Corp.'s energy trading unit tries to extend $431 million loan
(DBN Subscription Required)

Lenders Grant PGE Second Extension on $431 Million Loan
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Indianapolis Power & Light's Parent Firm AES Faces Restructure Deadline
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PGE/National Energy: Unit's Credit Again Downgraded Friday.
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Dynegy to Lay Off 14% of Work Force
(NYT: separate free registration required)

Layoffs at Schlumberger
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Powergen gains TXU's U.K. assets
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Xcel Says NRG Debt Non-Recourse To Xcel Energy
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Customers of home lender broke — and brokenhearted
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As Ames Shuts, Communities Lose
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Law Firms:

NY Firm Breaks Off Merger Talks Again
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After NY Firms Dropped Out, Some Singapore Joint Ventures Continue
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Special Skills Needed For Global Lawyering
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______________________

Transporter Bankruptcy Strands Fleetwood Products
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NationsRent Names New CEO
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Economy:

Leading indicators fall again
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______________________

Baseball, Apple Pie, and Corporate Scandals
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Is Real Estate Next?
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DataPlay Founder Says Chapter 11 Filing Was 'Inevitable'
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Airlines:

United CEO: Airline Faces Critical Week
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Secured debt of U.S. airlines at record low
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JP Morgan revises airline outlook
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Companies Expect Airline Cuts to Hinder Business Travel
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US Airways Names IAM Representative To Its Board
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Many Laid-Off Airline Workers Are Forced to Seek New Careers
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United Airlines Cutting 1,250 Jobs
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Layoffs Are Just The Beginning - United Plans Additional Cost Cuts
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Delta Gets Down and Dirty with the Discounters
(Business Week: separate paid subscription required)

_________________

Gilat asks liquidation halt
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Creditors Dispute Liability For Conseco's Stock Loans
(WSJ: separate paid subscription required)

Accounting:

SEC will soon propose Sarbanes-Oxley rules
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FASB Issues Proposal for a Principles-Based Approach to U.S. Accounting Standard Setting
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Coopers court case in limbo
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Tyco Ex-Counsel Claims Auditors Knew of Loans
(WSJ: separate paid subscription required)

Industry PAC Spells G-O-P
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Former Arthur Andersen CEO Discusses Scandal
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Telecoms:

AT&T bids for Velocita assets
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Judge extends exclusivity for Global Crossing
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AT&T Has Trouble on the Line
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Neon Communications Reorganization Rejected By Court
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Global Crossing Restates Earnings, Revs
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SEC Orders Global To Restate 'Swaps'
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Global Crossing: SEC Investigation Continuing
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Worldwide Wireless Networks Asset Sale To NextWeb Approved
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_________________

Enron:

Energy executive buys Fastow's mansion
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Brazen Trade Marks New Path Of Enron Probe for Regulators
(WSJ: separate paid subscription required)

EOTT Energy Partners, L.P. Proceeds With Restructuring as EOTT Energy Corp. Joins EOTT's Voluntary Pre-Negotiated Restructuring Plan
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Panel sets hearing on how FERC monitored Enron
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Enron election fallout expected to be minor
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_________________

Two ex-Homestore.com execs plead guilty to securities fraud
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Edison Schools:

Edison is angling to avoid bankruptcy
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Edison Schools is confronting queries about its survival
(WSJ: separate paid subscription required)

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New Bankruptcy Opinions
(6 new opinions today)

Bankruptcy Jobs - 220 Jobs - Last Updated October 21, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Metals USA:

Court approves Metals USA’s reorg plan
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Metals USA to exit Chapter 11 near end-October
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__________________

Steel:

U.S. Steel Swings to Profit
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____________________

Massachusetts charges CSFB
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Bankruptcy Reform:

News Story Quote In Support Of Bankruptcy Reform Was Made Up
(NYT: separate free registration required)

Bankruptcy bill introduction
(DBN Subscription Required)

__________________

JP Morgan Continues To Trim Equity Research Staff
(DBN Subscription Required)

Napster Wins Emergency Approval of $200,000 Loan
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Corporate Reform:

Employees Say Bosses Overpaid
(DBN Subscription Required)

__________________

Japan:

Japan Seeks Safety Net for Bad-Debt Victims; BOJ Vows to Help
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Japan's loan-team to unveil report
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Banks to use stricter screening
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Japan Bankers Head: Public Fund Injections Not Needed
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_________________

England:

Bankruptcy reforms 'could backfire'
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British Credit Suppliers Warn of 'Easier Bankruptcy' Peril
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Travel firm in $77M crisis
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MyTravel weighs sale options
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Fallout from collapse of ITV Digital being felt nationwide
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NTL debt facility talks may delay return from bankruptcy
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Marineforce Limited dives into Administrative Receivership
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KSB Law recruits first chief executive
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Peebles Electrical Machines Ltd in receivership
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____________________

Australia:

Skase chase: police ready for son-in-law
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New Insolvencies
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__________________

Germany:

Germany’s WWL Internet going bankrupt
(DBN Subscription Required)

____________________

Thailand:

Bankruptcy in Thailand
(WSJ: separate paid subscription required)

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