October 28, 2003 

ABB posts heavy loss
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Congoleum Corporation Commences Solicitation of Reorganization Plan Approval
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ABB loss sparks overhaul
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Investors ask Third Circuit to remove Wolin
(The Deal: separate paid registration required)

Asbestos nightmare is far from over
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Democrats continue to threaten filibuster of asbestos reform
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Great Northern's attorneys haggle over their paychecks
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Steel:

Beth Steel retirees must repay pensions
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Georgetown Steel closing would be costly
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Cliffs Comments on Bankruptcy Filing by Rouge
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Rouge deal tempts others
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Court To Grant Rouge Indus $10 Million Interim DIP Loan
(WSJ: separate paid subscription required)

WCI loses millions since bankruptcy
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Accounting:

After an Avalanche of Scandal, Accounting’s Numbers Rise
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Why Europe and the US should not have the same standards
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Accounting regulator says many CEOs are being paid way too much
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Audit Firms Still Bend Rules to Benefit Big Clients

How CPA Firms Can Raise Cross-selling Consciousness
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BDO Seidman Management Shakeup

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SureBeam Corp Notified Of NASDAQ Delisting
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U.S. Labor Department Sues Bankrupt Mortgage Firm in Anchorage, Alaska
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Loral Sale To Intelsat Gets Court Approval
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Corporate Reform:

Judge edits party film before Tyco jury sees it
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Corporate governance report: How to be a good director
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Conseco:

Ex-Conseco Board Members File Lawsuit
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Legal War Erupts between Insurer Conseco, Former Officers in Debt from Loans
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Bankrupt Fowler's to be auctioned off
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Bankruptcy Trustee of Closed Durham, N.C., Gourmet Market Seeks Bidders
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A guy filing for bankruptcy sells a 4.1 million dollar home for one dollar, which is then sold to someone named 50 Cent, leaving Mike Tyson without a dime
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Enron:

Regulators fire a broadside at Lay
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Enron's Quebec paper mill about to be sold
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Law:

Armstrong Teasdale Partner Steven Cousins Named To America's Top Black Lawyers By Black Enterprise Magazine
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Sidley Austin expels partner
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2003 Associate Salary Survey
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Smoke Chokes San Diego Firms
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Soldier takes exams for law school entry in combat zone
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Strategic Partnering: Establish a mutual understanding
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Strategic Partnering: Disputes often arise due to misunderstanding the purposes of the relationship
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Strategic Partnering: pursuit of a common goal: to establish a relationship in which outside counsel is an effective "trusted advisor."
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Strategic Partnering: Talk, Walk, Tend, Bend and Befriend.
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Strategic Partnering: Confirm the Agreed-Upon Goals and Strategy
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White & Case vows to appeal Deacons Hong Kong poaching ruling
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While White & Case licks its wounds and goes away to consider an appeal, Deacons claims to have been fully vindicated
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Record $33 Trillion of U.S. Debt May Pose a Threat to Economy
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Airlines:

US Airways Challenges Gov't on Pensions
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Air Canada Workers Threaten Job Action in Toronto, Union Says
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Pilots fear pension loss at American
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Alaska Airlines Flight Attendant Discusses Wage Reduction Proposals
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Energy:

Pepco Reaches Power Accord With Primary Supplier
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Mirant-Pepco fight looms
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NRG plant is going to OGE
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PG&E reaffirms Q1 exit from bankruptcy
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Minn.-Area Iron Mine Seeks Bankruptcy Funding to Prepare for Restart
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Third party in EVTAC talks?
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SBA lenders shift focus to smaller loans
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Jobless: Survival Tips for the Short Term and the Long
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Calif. Extends Executive Life Deadline
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Online advertising startup shortchanged as X10 declares bankruptcy during lawsuit
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Telecoms:

Lightyear creditors want bonuses stopped, paid to them
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Sale of Touch America to 360networks stalled
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MCI Taps Former Sen. Rudman as Advisor
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Farm Bankruptcies Rising in Oklahoma, Experts Say
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Offers in Compromise Application Fee Begins November 1

Cone Mills, creditors reach deal
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Tobacco:

Illinois Court To Review, Rule On Request
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Once ailing WellPoint is healthy
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Structure Of Anthem-Wellpoint Deal Slightly Unusual
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Jobless insurance is nearly bankrupt - Schwarzenegger urged by Davis to seek U.S. loan
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Owner Closes Small, Lubbock, Texas-Based Restaurant Chain Suddenly
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Bond Market Assoc Launches Distressed-Debt Committee
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UK:

Receivers called in at UK baker of Sara Lee
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Bankruptcy is a risky business
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Regus Holders OK Reorganisation Plans
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Leeds Report Record Losses
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Average mortgage size doubles in six years
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Iraq:

Germany Doesn't Plan to Waive Iraq's Debt, Considers Freeze
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Japan:

Japan Consumer Lenders Report Grim Results For 1H
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Japan finance: The distressed-asset industry is thriving
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Sony to slash 20,000 jobs in three-year turnaround plan
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Russia:

Russian oil tycoon's arrest sends stocks into free fall
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