April 30, 2003 

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

         
Airlines:

UAL flight attendants approve givebacks
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United Airlines Comments on the Ratification of Wage and Work Rule Agreements
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Mid-Sized Airports Most Hurt By Airline Bankruptcy
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UAL Credit Card Processor Appeals Ruling On Contract
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Battle for Survival at American Lifts Stakes for Delta, Northwest
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American Airlines Implements Cost Savings
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The latest sleazy compensation trick
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All Aboard Fiasco
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Carriers' deep cuts threaten high-flying perks
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Cheaper but tougher skies ahead
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NYC Union Given Deadline on American Deal
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Government Vows To Scrutinize Financially-Troubled Airlines
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Northwest flight attendants to vote on union
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Air Canada gets new bid on Aerogold card plan
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Air Canada gets surprise bid
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US Airways Task Force Meets Wednesday
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Hawaiian reports progress on jet leases
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Law Firms:

What's Next: Don't Get Brobecked
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What To Do When the Going Gets Tough
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Orlando: Law firms sweep up on awards for business law
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NY Firm Moves to Times Square After 135 Years Downtown
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Firms Merge
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Head of Fast-Growing Satellite Elected to Firm's Management Team
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Bush Nominates NY Associate to Eastern District Bench
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Divorcing Lawyer, in Jail Since 1995, Must Stay There
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Telecoms:

Global Crossing deal on the rocks
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Global Crossing deal seen collapsing
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Hong Kong Hutchison Declines Comment On Global Crossing Bid
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Singapore STT May Bid Alone For Global Crossing
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Asian bid for Global Crossing under new probe
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U.S. Begins New Probe Into Global Crossing Takeover
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Asia Global creditors attack proposed reorg
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Communication Dynamics Seeks Second Ch 11 Plan Extension
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Court OKs WorldCom-Wachovia Settlement On Service Pacts
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Wi-Fi provider will file for bankruptcy
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Level Propane agrees to settle bankruptcy case
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  HealthSouth Bankruptcy Expected
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High Court To Decide Ch. 7 Bankruptcy Discharge Question
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Integrated Healthcare lenders must wait for cash
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Burlington Indus Creditors,Trustee Oppose Invest Bk Deal
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Energy:

NRG awaits key ruling
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FirstEnergy Joins Chapter 11 Petition Against NRG Energy
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BPA can end costly Enron deals
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Enron:

Credit agencies hold on to Enron papers
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5 former Enron workers indicted
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Florida Cruise Company Leaves Customers High and Dry
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SGL Carbon Sees Improved 1Q Despite Economic Decline
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Wall Street:

$1.4 billion brokerage deal likely to spawn lots of lawsuits
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Bank clients face legal action as SEC widens sleaze inquiry
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Investors seeking lost assets face hard road
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Regulators Show Cracks in Goldman Culture
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With Rest of Wall St. Penitent, Morgan Stanley Tries On a Halo
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Jury Awards $16.5M Damages to Ex-McDonald's Franchisee After McDonald's Refuses to Subordinate
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Corporate Reform:

What's more lucrative than landing a job as CEO of a major U.S. company? Getting fired
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CEO Welfare
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Wade Cook Financial sells off assets
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Steel:

US Steel warns of 'softer' orders in Q2
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United States Steel Plans to Keep National Steel Facilities Running for Now
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Daisytek Sees Significant Loss In 4Q 2003
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Vivendi to Sell Movie, TV Units; Music Arm's Fate Unknown
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USFreightways Earnings
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Regulators make Emmco part of investigation into HomeGold and Carolina Investors
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Los Angeles-based company wants to buy the Aladdin in Las Vegas
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St. Petersburg: Grubbs files for bankruptcy protection
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Tower stumbles over debt
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Court OKs purchase of Health Experience
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Agway retirees want a separate voice
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Buyer poised to reopen Great Northern mills
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Peregrine files 2nd amended reorg plan
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Conseco, Trump Head For May 8 Arbitration Over GM Bldg
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Asbestos:

Asbestos Fund Seen at $90 Billion-$120 Billion
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ABB Reports Wider Loss; Restructuring Drains Cash
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GE's Financial Exposure on Asbestos in U.S. May Grow
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New Losses, Layoffs and Debt at the Machine Builder ABB
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Head of CPA group plunges on despite recent tough times
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Electric Bus Maker Files for Bankruptcy
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Washington, Oregon, Idaho See Pension Fund Shortfall of $9.5 Billion
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Fleming:

Fleming Seeks Court OK To Close Stores, Sell Inventory
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Fleming Cos Seeks More Time To File Financial Schedules
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Accounting:

The lone gem in Andersen's fading empire
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Tyco is likely to disclose that it has found roughly $1.2 billion in fresh accounting problems
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Changes to Goodwill Valuation Could Have Major Business Impacts
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Warnaco's New CEO A Bargain
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Hawaii: Marn fight leads into bankruptcy
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Metromedia International Group Announces Update on its Asset Sale, Bankruptcy Possible
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Savannah Symphony Files For Bankruptcy
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England:

Cordiant in play; bankruptcy near?
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Australia:

Australia's Loy Yang Power Wins Two Month Debt Extension
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Australia's leading banks appoint new legal heads
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Black Range Minerals: Report to Creditors
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Iraq:

U.S. considering 'odious debt' doctrine for Iraq
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Thailand:

Former Thai Min Will Help Select New TPI Debt Planner
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Canada:

IntraCoastal System Engineering Corporation Enters Bankruptcy
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Singapore:

Asia Pulp & Paper creditors dealt further blow
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