January 21, 2003 

Telecoms:

Bankrupt Ahead Communications Awarded Delay in Sale of Assets
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CWA May Strike Against Sprint In Five States
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Jobless workers pay price of excess capacity
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Telecom Industry, Battered by Worst Year in History, Sees Slow Rebound Ahead
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Adelphia's Decline
(WSJ: separate paid subscription required)

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Bankrupt Weeks thumbs nose at mob victims' suits
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Citigroup's Net Falls 37% On $1.3 Billion Charge
(WSJ: separate paid subscription required)

Auto supplier Exemplar files for bankruptcy
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Economy:

Corporate Super Bowl budgets not so super
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Medtech firm's parent booked disputed sales
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Retailing:

For many major retailers, little zing likely in spring
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Retailers face challenge to reinvent - Midrange chains feel squeeze
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Company launches MJ Designs liquidation
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West Virginia Bankruptcy Judge Orders Medical Files Be Entered in Database
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Law Firms:

Defining Moment for Lawyers
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Lawyer Ads Drop as Glitterati Fade
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Piper Rudnick in hiring spree for Boston launch
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Cadwalader partner gets White House call
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Ashursts and Fried Frank tie-up stalls
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Hockey:

From pop cans to ice skates: Peltz has cash to turn Senators finances around
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Energy:

California faces search for new energy model
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Records Show Investment In Bankrupt National Century May Cost Arizona $131 Million
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Owners into Aces for long haul
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Fallout expected from malpractice homestead exemption votes
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United's unions risk losing it all
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Parties Seek to Dismiss 9/11 Lawsuit
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A United Employee Strives to Cope With the Carrier's Downfall
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US Air Gets Court OK For Bond Trustee To Disburse Funds
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CEO: Airline borrowing money to make payroll
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US Airways, United Air Enhance Marketing Pact
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Airlines Lobby Congress to Change Labor Union Laws
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Airlines' Pension Problems Growing
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Midway Airlines Seeks Extension for Reorganization Plan
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Air Lib Bankruptcy Would Open France for EasyJet
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Survival is top concern for airline industry in 2003
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Palm Beach Casino Line Files for Bankruptcy, Cannot Buy Cruise Ship
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Empty merger
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Bitter times hit Calif. wineries, after heady decade
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Kmart:

Kmart Plan Is Complicated By Kidnapping of Lampert
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Kmart to dump board
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Kmart's new chief exec rose through CFO ranks
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Steel:

Slash golden parachutes
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Bankrupt Wheeling-Pitt Steel Lays Off 100 Workers
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Counselor fights fiscal crises
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Allan Holbrook Joins Renaissance Partners
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Asbestos:

Honeywell Takes Step on Asbestos Claims
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Corporate Reform:

Sometimes the Boardroom Is a Family Affair
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NYSE, Nasdaq Face Test Living Up to Tough Talk - New Rules Proposed, but Doubts Remain
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Corporate governance becomes go-to field - Everyone' hangs out a shingle as new rules expert
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VisionAire seeking $1.2M to stay afloat
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Nutritional Sourcing to pay $142.5M to creditors
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - 784 Jobs - Last Updated December 10, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Enron:

Enron Examiner Plans 1,500-Page Valentine
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Enron Probes Now Focus on Tax Deals
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Bankruptcy's Great Virtue: Warding Off Federal Bailouts
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Bankruptcy trustee has questions about Birchtree finances
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England:

Higgs to ban lawyers from client boards
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Shake-up for cosy world of British boardrooms - Higgs aims to turn non-execs from 'Christmas decorations' into shareholder champions
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"Distressed M&A" - Keep hold of the goodwill on exit
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Discernible fruit hangs on the governance tree
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Korea:

South Korean Corporate Bankruptcies Rose in December
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Russia:

ARKO Finally Closes the Book on SBS-Agro
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Japan:

Japan ups efforts to write off bad loans
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Boost to Japan's Policyholder Protection Fund to Cost U.S. Life Insurers $84 Million
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Failures reflect bad-loan crackdown
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The Shinsei way is making some enemies in Japan
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Japan's Mizuho to lose $16bn
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Bankruptcies up as shake-out in Japan continues
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'02 bankruptcies second most on record
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Relief in works for life insurers
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Australia:

Mr Costello. please clean up your HIH mess
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China:

China Needs To Strengthen Corp Governance More - Experts
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