August 6, 2003 

GSA mulling suspension of business with Sprint
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Bankruptcy Judge Nears Decision on WorldCom Fine
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Cingular, NextWave reach deal
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Cingular to buy 34 licenses from NextWave
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Leap to reduce debt, go private upon bankruptcy emergence
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Bankruptcy court approves MCI settlements
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Experts Say Telephone Access Charges System Should End
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ATTL creates shortlist of potential new owners
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Rivals close in on MCI like hyenas on 'Wild Kingdom'
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NTELOS Announces Acceptance of Joint Plan of Reorganization
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WorldCom Gets Court OK to Buy Digex
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Judge confirms General DataComm's reorg plan
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New Criminal Charges against WorldCom May Continue Rough Ride for Investors
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Bankruptcy judge OKs auction of Lightyear
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Burlington Indus Gets More Time To Gain Votes For Plan
(WSJ: separate paid subscription required)

Energy:

Edison International second quarter profit down 96 per cent
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PUC finds flaws in Nevada Power exit plans
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Numerous Portland General Electric Lawsuits Raise Fears about Finances
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Crouse Hospital wins OK for debt deferral
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Bankruptcy judge OKs hospital reorganization plan
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Waterlink Gets Final Approval To Use Cash Collateral
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Fuel prices 'cream' firms
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Top-Flite Golf Wins Final Approval To Use Cash In Ch 11
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More Losers in Funds Seek Equity in Court
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Accounting:

More than $3.4 Million in Improper Accounting Found at Cablevision Division
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Oversight Board Hands Out Its Tab
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PwC Consulting Settles Lawsuit Over Starting Bonuses
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Corporate sleuthing intrigues number crunchers
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Jones Apparel bids for Kasper
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Kasper says Jones bids for company, follows Kellwood
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Princeton Video asset sale OK'd, set to liquidate
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Game over for Princeton Video
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HealthSouth gave stock options to ex-Sony Music chief Thomas Mottola, who later signed a band backed by HealthSouth's Scrushy
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Northwest Ohio Poised to See Record Number of Bankruptcies in 2003
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WR Grace Sees $40M Payment Into Underfunded Pension In 2H
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Exide creditors move to block banks
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Exide Tech Creditors Ask Crt To Halt Ch 11 Plan Process
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Airlines:

Air Canada gets deal to overhaul Airbus jets (
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Union wants say in any of Air Canada partnership deals
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AMR Cancels Plan To Raise $250M In Debt
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United Faces Ultimatum from Denver Airport
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Airlines Late in Paying Boeing; United Holds Most of Delinquent Accounts
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Diamonds and limos did Tyson in
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Tyson's troubled mind
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Canadian Freightways to be Sold at Auction on August 25, 2003
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With Office Vacancies High, Many Companies Trade up to Ritzier Digs
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Market Softens for Leasing Retail Space
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Steel:

Wisconsin foundry files Ch. 11 prepack
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Neenah Files Prepackaged Plan of Reorganization
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Weirton Steel Seeks Court OK Of Employee Retention Plan
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Steel Thyself, Karl Rove
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Rome Cable files bankruptcy
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Asbestos:

Georgia-Pacific Reports Growing Number Of Asbestos Claims
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Icahn, others push to revamp Federal-Mogul
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Hurdle to GenSci OrthoBiologics' sale cleared
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Pillowtex:

Pillowtex offers a breakup fee
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Leaders talk with laid-off Pillowtex workers
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First Citizens seeks to aid Pillowtex workers
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GGST says looking for Pillowtex asset buyers
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Samuels Jewelers Seeks $26 Million In DIP Financing
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Philip Services Receives Debtor-in-Possession Loan Facility
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Corporate Reform:

SEC Battles States Over Lawyer-Ethics Rules
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Companies Not Rushing To Form Attorney Whistleblower Committees
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SEC May Aid Rebels Seeking Board Seats
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Former President of Allou Pleads Fifth
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Consultant Sentenced in Stan Lee Media Case
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Judge delays ruling on Fleming unit sale
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Insuring Boards Still Costs Big
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Walking Co. has financial blister
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USPB Acquires Farmland's Beef Operations
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6 interested in Emerald Casino license
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Law Firms:

Corporate Attorneys Now Under Report Rule in Governance Law
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Former Managing Partner Defects From Shrinking Firm
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Ten from Atlanta Law Group Leave to Launch Own Firm
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Creating Second Acts in Legal Careers
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Law Firm Signs Agreements with Agency Tied to Bank Failure
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NY First-Year Associate Named Law School Trustee
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Businessman Accuses Tampa Law Firm of Malpractice
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GAO Points to Lawyers for Med-Mal Woes
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Recent Going-Concern Statements
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Bankruptcy Code For Your PDA
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Enron:

Newspaper seeks to unseal records of Ex-Enron CFO hearing
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Huntington Beach Council Accepts a Costly Tax Ruling , But Bankruptcy Predictions Unlikely
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England:

AES pulls out of Drax rescue
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Red alert for reckless borrowers
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Dealing with Debt
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France:

France to throw Alstom a lifeline, risks EU ire
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Details of Alstom financing package
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Canada:

Concert Industries to restructure under bankruptcy protection, gets new financing
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Japan:

Japan Bank Auditors Get Tough
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Resona president issues caution
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Goldman Sachs Will Take Over Japanese Golf-Course Operator
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Germany:

KirchMedia creditors accept bid for ProSieben
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Saban beats rival to win ProSieben
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Russia:

Russian businesses agree system to avoid courts
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India:

Knights Insolvency Administration to start operations soon
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