October 22, 2003 

Frist Asks Labor Counter-Offer on Asbestos
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Federal-Mogul posts loss as it reorganizes
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Markel increases loss reserves, sees Q3 loss
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Fitch Comments on Liberty Mutual's Asbestos Charge
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Airlines:

Uncle Sam could see big America West loan gain
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Pension woes block Air Canada exit deal
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A ‘vulture’ group buys unpaid debts of creditors for 12 cents on the dollar
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Pearson airport blasts Milton
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Milton accused in airport fight
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US Airways CEO says more cuts necessary
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AMR expected to finally hit profit after three years
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Four big U.S. airlines show improved Q3 results; US Airways still in the red
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Air group hits at 'dinosaur' jibe by US Congressman
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Accounting:

Hidden witness describes tax tricks
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Senators attack tax break loophole
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The accounting-oversight panel plans to focus on the role of auditors in structuring and signing off on abusive tax shelters
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AT&T Discloses Accounting Error
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SOX Surprises
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Setback For IRS is Win for KPMG
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Grant Thornton Reports Record Revenue Growth of 25 Percent
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McDonough Seeks Limit on CEO Pay
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Hamburger Hamlet Chain Files for Chapter 11
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6 rules for buying back-from-the dead stocks
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Retail Group files for bankruptcy
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Fleming Seeks Court OK To Cancel Life Insurance Policies
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Holiday RV Superstores Files For Chapter 11 Bankruptcy
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East Coast Beverage Corp. Emerges From Chapter 11 Bankruptcy Changing Name To North American Food & Beverage, Inc.
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Reorganizing NRG names new CEO
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WorldCom opts for cramdown
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CLP, Suppliers Try To Settle New England Pwr Mkt Dispute
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PSC requests extra session over NWC
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Bankruptcy Court Confirms PGS Restructuring Plan
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Bankruptcy filing in Bechler case
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Telecoms:

With Profit Down, Intelsat Looks Beyond Telecom
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U.S. airline results improve, telecoms struggle
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Judge's ruling gives Leap chance to exit bankruptcy
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Enron:

Lay tries to dictate terms on documents
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Hearing transcripts reveal judge's words
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Rowland linked to Enron plan
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Former Enron VP talks about corporate scandals
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Some of Enron's creditors still oppose proposed plan
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Cash-poor Cogan Must Sell Prime Properties
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Steel:

South Carolina scrap metal mill shuts down; more than 500 jobless
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Special Metals plans delayed by appeal
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Higher costs, weak demand push Stelco to loss
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Weirton retirees try to grasp impact of pension takeover
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Court OKs Job Reduction Program
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Weirton rescue in works
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Weirton Steel Faces Contract Pressure
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Georgetown Steel Files for Chapter 11 Bankruptcy
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Corporate Reform:

Judge denies Quattrone team's request for mistrial
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Rite Aid Asks Former Executives to Pay Back Legal Fees
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New Bankruptcy Opinions
(4 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Law:

Chicago Lawyer Sues Firm, Claims His Earnings Were Cut to Pay Younger Partners
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Who Represents America's Biggest Companies
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Legal Research? Get Me Sushi, With Footnotes
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Senate Dems Fight GOP Class Action Move
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Business backs bill to funnel class actions to federal court
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NY Law Firms' New Address: Limbo
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King & Spalding captures Freshfields finance partner
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National Firm's Name Partner Dies
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Privilege Covers Martha Stewart's E-Mail To Her Daughter
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Woman Charged With Bankruptcy Fraud
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Ex-Banker Denies Wrongdoing in Executive Life Takeover
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Essential Therapeutics Announces the Effectiveness of its Plan of Reorganization
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Lawsuit targets bankrupt Vegas firm's former execs
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Three U.S. states eye EchoStar interest in Loral
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Canada:

Disbarred lawyer headed credit agency
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Doman Industries monitor files report
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Uniglobe.com files for CCAA
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Online cruise booker Uniglobe.com sinking: debts outweigh assets by $3.3M US
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UK:

Shock at IP as second chief quits
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Is the credit boom about to implode?
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Japan:

Japanese opposition challenges Resona bail-out
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Australia:

Hospital builder faces liquidation
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