April 8, 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:

Labor concessions at American Airlines may not fly
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Concessions Prove a Tough Sell To American Airlines Workers
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Airlines Have History of Losing Money for Big Investors
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In tough times
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United Airlines To Review Flights Next Week, May Cut More
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County may file challenge to US Airways' move to reject airport leases
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War Gains Even Better for Airlines
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How to Fix the Airlines
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Airline Layoffs Are Raising New Questions About Safety
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Unions proposed former US Airways CEO for board
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American slashes more flights for May
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Airline Execs: Slump Will Probably Linger
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The summer wind is blowing air savings our way
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Retailers in Pittsburgh Airport Taking a Beating from Travel Slowdown
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Air Canada eyes better deal
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Ousted Bombardier CEO named Air Canada chairman
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Pie in the sky
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Philip Morris:

Illinois AG against cut in Philip Morris $12 bil. bond
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"A Faustian bargain that never should have happened"
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Officials Seek Lower Philip Morris Bond
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SLI Inc. Seeks Court OK Of Settlement With M Capital
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Will the Bough Break? - The agency that insures pensions is being battered by bankruptcies
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FAO:

FAO clear to emerge
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FAO Expects To Leave Chapter 11 This Month
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Ebsco gets Rowecom assets
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Burlington:

Burlington Industries hires investment adviser
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Burlington says progress in emergence process
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Opta Systems to Purchase SonicBlue GoVideo Assets
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HealthSouth:

HealthSouth Surgery Partners Are Considering Bailing Out
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HealthSouth to release new governance guidelines
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Too Good to Be True
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Report on the Symposium on American/Canadian Insolvency Law
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  Kmart:

Kmart's unsecured creditors nominate head of trust
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U-M grad picked to head Kmart Creditors Trust
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High Court Puts the Brakes on Large Punitives
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Business Bankruptcy Year in Review

Enron:

Bankruptcy Court Must Review Enron Plan For Proceeds- Stricter Scrutiny of Preconfirmation Sales Required
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FERC takes Enron e-mails off Web site
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London leaders face new Enron client subpoenas
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Law Firms:

Lawyers Unionize, Vote to Join the Teamsters
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Buchanan hires pair of lawyers from defunct firm
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CSFB C-U-T-S J-O-B-S
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US trio raid London rivals in European market drive
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Temp Workers Benefit From Tight Legal Job Market
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Brobeckonomics
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Expelled partner set for feud with Clifford Chance
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Shearmans posts 26% hike in annual profits
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Firm's London Satellite Has No Lawyers
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Firm Tells Associates What It's Looking for in Partners
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Paul Weiss posts profits rise
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Clifford Chance slashes newly-qualifieds' pay packets
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Bye bye Buchanans
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Conseco/Trump Fight Goes Back To Arbitration
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Conseco Faces Towering Dilemma in Suit over New York City Skyscraper
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Foster Wheeler names turnaround expert as financial chief
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Eagle Foods:

Eagle Food lands in Chapter 11
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Eagle files Chapter 11 once again
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Eagle Food Files for Chapter 11
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Parents adopt bankrupt school when owner flees
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Funster:

Bankruptcy judge forces Funsters to fold its hand
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Funsters' assets to be sold
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Acterna Misses Interest Payment on Debt
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Good Deal Or Fraudulent Deal? Buying Assets From Distressed Sellers Poses Risks
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Rand McNally Emerges From Bankruptcy
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs 871 Jobs - Last Updated February 3, 2003
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Court bars bankrupt SunCruz founder's estate from running floating casino
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Chicago: Home sweet home
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Utahns Set Bankruptcy Record in 1st Quarter
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Some Investors Find Great Value in Businesses Emerging from Bankruptcy
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Telecoms:

Lawmakers plan hearings on Global Crossing sale
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Allegiance Threatened By Bankruptcy
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Touch America Hit With Double Whammy
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Buyout Firm Buys WorldCom Bonds
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CellPoint Files Voluntary Petition for Relief Under Chapter 11
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Adelphia:

Adelphia Commun Seeks OK To Pay Some Retention Bonuses
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Adelphia Reorganizes Regional Units
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___________________

Britney Spears' restaurant filed for bankruptcy and owes $400,000 to creditors
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Steel:

Bankrupt National Steel May Shrink Pension Plan
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_______________________

Is 'Structured Finance' Still Shady?
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Mills Corp Opposes Terms Of Spiegel's DIP Loan Pact
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Mortgage lending risks rising
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Dispute with Albany, N.Y.-Based Entertainment Retailer Cited in FullPlay Bankruptcy Filing
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Accounting:

Internal auditors valley's newest stars
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______________________

Energy:

Edison execs get pay hikes, options again in 2002
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Calif contract savings less than thought
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______________________

Fleming says disruptions being resolved
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England:

Lloyd's chief attacks cost of US litigation
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Clyde & Co faces 10m pension shortfall
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3/4 South Square wins insolvency star from US
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Current Distressed Companies Update
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UK company profitability falls for record 14th consecutive quarter
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______________________

Korea:

Jinro fights Goldman plan
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