January 23, 2003 

Airlines:

American buys Boeing jets, but airline can't afford them
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AMR posts $529M loss in Q4, CFO says bankruptcy not inevitable
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AMR on a heading for bankruptcy
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AMR Corp. loss for '02 sets record for airlines
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US Airways, Delta Drop WorldCom as Frequent-Flier Partner, Choose Rivals
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'Treacherous' times for American Airlines
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Will DOJ allow airline mergers?
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Senate Refuses to Ease US Airways Pension Liability
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US Airways' exit may be airport's doom
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DOT to 'aggressively' oppose codeshare
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Steel:

Bethlehem Steel loss narrowed in quarter
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Plan to Reopen Campbell, Ohio, Steel Plant Hindered by Bankruptcy Equipment Sale
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EPA Pact Could Reopen Shuttered Laclede Steel Mill
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Cleanup at Laclede Steel could cost $30 million, prospective owners say
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Bethlehem chief sees decision on ISG offer next week
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ORBIMAGE Announces Terms of a Settlement Agreement
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Court Approves Digital Teleport Auction Sale, Bidding Procedures
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Telecoms:

WorldCom Seeks To End Adelphia Circuit Pact
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Redback aims to ease debt
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Interliant Seeks Second Extension To File Reorg Plan
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Bondholders to control AT&T Canada
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Plan would eliminate AT&T Canada's debt
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AT&T Canada Files Restructuring Plan
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Matlin's Strategy Hits Bump As Bonds of WorldCom Rally
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Telscape Wins Court Approval To Sell Telereunion Business
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Bankrupt Ahead Communications Awarded Delay in Sale of Assets
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Identity-theft cases increased 87 percent in 2002
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FreeRealTime.com Emerges From Bankruptcy
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Wealth survey: How do you stack up?
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Fed reports widening inequality / Worth of top 10% rose 69% from 1998 to 2001
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Energy:

No Deal In NRG, Executive Talks Ahead Of Court Conf. on Involuntary
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Gas Pipelines, Shippers Discuss Creditworthiness Terms
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Georgia-Pacific sale tests 'fallen angel' demand
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RMS Titanic: Hires Bankruptcy Attorneys, Warns Holders About 'Substantial Risks'
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Sharon Luggage emerges from Chapter 11
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Conseco:

Judge Approves Order Limiting Conseco Equity Trading
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Conseco hopes for deal by month's end
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Kmart:

1M salary for Kmart's new CEO
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Kmart Sues Kodak for $48 Million Over Marketing Payments
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Investor May Pump About $280M To Help Kmart
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Kmart Closings Lead Papers to Focus on Small Accts.
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Kmart to cut white-collar jobs
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Workers resigned amid Kmart closings
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Kmart plan cleans out shareholders
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Corporate Reform:

Spitzer blasts lawyers for laxity
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Summit tries to rebuild trust after lionizing scandal figures
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Corporate Scandal Sheet
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Foreclosure rates in 2002 hit new highs in Carolinas
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Avis Europe agrees to buy Budget assets for $20m cash
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Midwestern CLECs Plan Merger
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Are Big Bonuses During Bankruptcy Needed?
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It's reforms or insolvency, World Bank warns state
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Alterra:

Alterra Health goes bankrupt
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Alterra Bankruptcy: Preparing Since 2001
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Alterra - Bankruptcy Filing
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Burlington, N.C.-Area Textile Company Files for Bankruptcy
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EMEX Corporation Announces That Four Subsidiaries Filed for Liquidation
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Bankruptcy Reform:

IMF's sovereign bankruptcy plan meets opposition
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Hockey:

Bryden awaits answer on Ottawa ownership bid
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Hamister, NHL still working on Sabres' deal
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Asbestos:

Inventory of 7,000 Abandoned Asbestos Cases Begins
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Coram Healthcare Equity Panel Calls For CEO's Ouster
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Peregrine:

Peregrine dumps board in reorganization
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Creditors Say San Diego Software Firm's Reorganization Plan Won't Fly
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Relief effort begins for paper company workers
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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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Law Firms:

Latham joins in-crowd on Safeway battle
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SEC to weigh lawyer rules
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M&A Not OK: Bad Year for Corporate Lawyers
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Dewey Ballantine is latest Hong Kong casualty
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Osborne Clarke staff cull continues
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A Crack in the Wall
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Texas giants name new lead partners
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Herbert Smith claims first with accountant partner
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Dewey Ballantine signs in Palo Alto
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Clifford Chance launches Russian securities venture
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Court OKs Galey & Lord Plan To Distribute Stock Proceeds
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Great Northern shutdown could result in loss of 5,000 jobs
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Accounting:

KPMG: SEC Likely to Sue Over Xerox
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SEC Set to File Civil Action Against KPMG Over Xerox
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SEC May Delay Proposal Concerning Attorneys' 'Noisy Withdrawal'
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Big Four limit audit liability
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Regulators scale back auditing rule
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Chief executive linked to SEC scandal in plea talks with prosecutors
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In Computer Associates Accounting Probe, The U.S. Subpoenas Contracts
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Sarbanes-Oxley’s "Cascade" in Full Swing, Melancon Warns
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Critics: Pension Accounting a Sham
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FASB's Stock Options Blunder
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Huge job cuts help Merrill boost earnings
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Buzzards players look for attorney
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Lighthouse Fast Ferry sails against tide
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England:

UK Government Mulls Powers To Take Over British Energy
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£5,300 in debt (not including the mortgage)
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Higgs reforms will cause talent shortfall
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Japan:

Banks take step in right direction
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Record 108 Japan Golf Courses Go Bust in '02
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Consumer Credit Directive aims to completely overhaul the provision of consumer credit throughout Europe
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Venezuela:

Strike-hit Venezuela suspends currency market
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Venezuelan newspaper Tal Cual on brink of bankruptcy; fires 80 staff members
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