February 25, 2003 

Airlines:

Treasurer's testimony adds certainty to a UAL workout
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UAL attendants to propose wage cuts
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Workers at US Air Express carrier give concessions
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United Leads War on Industry Bloat
(WSJ: separate paid subscription required)

United has travelers wondering
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Northwest abandons low-fare plan
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Equity firms look at investing in United
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Brazilian carrier may return leased Boeing jets
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Texas Pacific tells unions of interest in UAL
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Pilots cite unease with United plan
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US Airways Pilots Say Strike an Option
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Creditors Call for United To Drop Dulles as Hub
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United looks at sale of Pacific routes
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United plan puts regional carriers on edge
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American flying carefully through unfriendly financial skies
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US Air: Delay Risks Credit Card Deal
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United faces crucial test - Feb. 24, 2003
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UAL chief using Wal-Mart as a model
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United hubs on the bubble
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Pilots, airline 'miles apart' in United talks
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UAL taps laid-off exec for bargain carrier
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United moves on new carrier
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TPG May Take Stake In United
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Napster:

Roxio to revive Napster as subscription service
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Napster's creator joins revival team
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Saks teaming up with FAO toys
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Dairy Mart Creditors Object To Pay Package For Fired CEO
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U.S. investors worried
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Trucking Industry Tries to Carry On despite Flood of Bankruptcies
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Adelphia:

Adelphia pushes execs
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Adelphia, but only on side of building
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Adelphia, investors debate leaders in court
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Bankrupt iPCS blames Sprint
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iPCS sues Sprint, files for bankruptcy
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Long-distance provider IDT says it will bid for Global Crossing
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FCC v. NextWave
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ST Telemedia Says Global Crossing Deal Remains On Track
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IDT Corp to foil ST Telemedia, Hutchison's takeover of Global Crossing assets
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WorldCom defends reorganization
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Is the Telecom Meltdown Over?
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Qwest Execs to Face Indictment
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Budget cleared to sell remaining assets
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Law Firms:

Some Firms Are Thriving Despite Drop in Deal Work
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A&O raids Binghams for NY practice
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Pillsbury Winthrop asks court to halt $45m defamation suit
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More Brobeck Partners And Associates Find Homes
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Lawyers 'smuggle' in to scoop foreign work
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White & Case secures five-partner Brobecks team
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A&O ramps up New York asset finance practice
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E-Mailing Clients Comes Under Increasing Scrutiny
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Lawyers fear litigation rate rise will not cover associate pay hikes
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Global Law Firm Says 'Welcome' and 'Welcome Back'
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A&O, Cadwalader face court probe over TXU
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Coudert negligent on Russian privatisation
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Hunton & Williams Attorneys Dubbed 'Legal Elite'
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Clifford Chance secures deal to unify NY practice
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Energy:

PG&E to pay users for blackouts
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Allegheny Energy Units Get Extensions From Bank Lenders
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IHS suitors reach a deal
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Watkins Engineers & Constructors closing to leave 320 jobless as parent's move to emerge from Ch. 11 falls through
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General Chemical shutdown feared
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For Virginia Symphony it's now or never
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Desa Intl Lenders Object To Asset Sale Distribution Plan
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Another Chance For Sloan's
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Blue Chalk files for bankruptcy
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New Bankruptcy Opinions
(No new opinions 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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Asbestos:

Grace set for two-year asbestos battle
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Groups allege Armstrong plan incomplete
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Equity Analyst Warns of More U.S. Insurer Insolvencies
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Bankruptcy Reform:

Mexico to Offer Bonds Containing Crisis Clause
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Mexico pioneers plan to ease debt
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Bankruptcy reform...officially begins!
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Hockey:

Sabres' financial woes
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Financed to the hilt
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Sabres' clock is ticking
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SEC recognizes fourth credit-rating agency
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Amerifirst has filed for bankruptcy amid probe
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Kmart:

Kmart to lay off 1000 at HQ
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Kmart Prepares Amended Reorganization Plan for Court
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Reliance on Cash Allowances Can Lead to Shortfalls for Retailers
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Lenders on resort cabins sued
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Vista Optical closes doors
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Accounting:

Accounting Firms in Britain Putting Disclaimers on Audits
(NYT: separate free registration required)

Ahold Restatement Highlights Competition In US Food
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Ahold:

Share slide adds to woes for insurers
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Canada:

Bankruptcy bid questioned
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Norway:

Norwegian Information Technology Bankruptcies Rise In '02
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South Africa:

South African law firms gear up for RAG liquidation probe
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