December 15, 2004 

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

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Airlines:

United Reaches Tentative Deal With Pilots
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Airline Workers Rally at White House to Blast Cuts
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Fuel costs wipe out airline profit despite travel rebound
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Southwest offers bid to take control of ATA; Southwest shares rise
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AirTran bid offers best hope for ATA
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ATA poised to suggest best deal to judge today
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Ozark Air Lines faces bankruptcy, foreclosure in Oklahoma
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US Airways baggage handlers hope to counter company move to bid out work employing 4,000
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Flight Attendants Gather At White House To Denounce Wages
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Law:

Legal Superstar Stung by Peterson Defeat
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Miami Suit Could Signal Breakup of Multistate Boutique Boyd & Greene
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M&A Activity Heats Up
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The Oracle takeover creates fee-feast for law firms
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Corporate Reform:

CEO pay is stemmed to save embarrassment
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Watchdogs seek better assistance from tax havens
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Franklin Resources settles SEC probe - Units to pay $20 million penalty, $1 in disgorgement
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TIME takes a rare trip to troubled Bougainville, on the murky trail of cranks and con men
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New Freedom owner OKed
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Lewis tapped to become chairman of BofA
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When global corporations go bubble and bust
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Two bankers face Jan. 25 Erpenbeck sentencing
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Mirant Failed to Make Scheduled Payment Despite U.S. Court Order Denying Their Request to Reject Pepco Contracts; Pepco Continues to Pursue Legal Action
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Mirant Failed to Make Scheduled Payment
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Judge OKs new Freedom owner
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Charter school's shutdown sought
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Trump's Scrawl Is Script Of Many Secrets
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U.S. Municipalities Moving Toward a Finance Crackup
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Retiree health benefits decline Future medical programs for today's workers evaporating at a pace faster than ever
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Justice Dept. Seeks $2.5 Bln from Rigas
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Few Rescuers Are Heeding Ferry Service's S O S Call
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Dan River Inc. Announces Agreement to Sell Assets of Its Engineered Products Division; Sale Subject to Bankruptcy Auction Process
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Yukos:

Yukos files bankruptcy in US -- Russia's largest oil company claims US bankruptcy jurisdiction
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Yukos Files for Bankruptcy in U.S.
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First Day Pleadings
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YUKOS filed for bankruptcy protection in the U.S.
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YUKOS files for bankruptcy protection
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3 Independent Yukos Directors Resign Over Pressure From Russian Authorities
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SG has no comment on YUKOS loan after U.S. filing
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Yukos files for bankruptcy protection
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YUKOS appeals to international court in Houston
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YUKOS investor says supports bankruptcy filing
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Yukos files for bankruptcy
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No One Wants To Manage Yukos
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MSCI says monitoring YUKOS after Chapter 11 filing
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Yukos Files for Bankruptcy in U.S.
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Embattled Russian oil company Yukos files for bankruptcy in United States
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Yukos seeks US bankruptcy refuge
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Arbitration Court To Resume Yukos Back Tax Suit Hearings
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Analysts comment on YUKOS' credibility
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Russian Stock Market Wary With Fiscal Attack, Warn Experts
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New Owner Of Yukos' Main Production Unit Will Be Granted Delay In Tax Payment?
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All Three Yuganskneftegaz Bidders Represent Gazprom
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Asbestos:

Identities of 2 big buyers of Owens Corning stock become known
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Hanson Asbestos Provisions Rise
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Crane Co Sees "Challenges" To Meeting 4Q Op EPS Target
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State had to warn Libby miners, court says
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Economy:

Fed raises interest rates again
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Accounting:

UK ministers to limit auditors' liability
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PCAOB consults on auditor independence
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Firms Struggle to Fill Accounting Needs
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Change in Workload Creates Audit Tension
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Star Gas Partners Narrows 4Q Loss
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Hospital CEO says sale is 'only option'
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Tale of an outlaw company
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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Don Johnson out of financial vise
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Eccentric collector's art collection moving out of suburbs
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Insolvencies to Rise in 2005 as Growth Slows
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Farmers' determined opposition doomed sale of Omaha, Neb.-based farm lender
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Rhodes, Inc. Receives Court Approval of Final DIP Order
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UK:

KPMG seeks buyers for remaining Courts UK stores
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Foundation hospital chairman sacked over financial crisis
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Losses fall at troubled MyTravel
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Canada:

Mark Valentine, boss of defunct broker Thomson Kernaghan, settles with OSC
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Prospective purchaser found for Denninghouse Inc.
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Canadian corporate bankruptcies fall in November from a year ago
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Singapore:

China Aviation Oil Parent Urges Creditors
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CAO's parent voices regret over losses
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Korea:

US-controlled Hanaro Telecom to acquire Korea Thrunet
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S Korea LG Chem Won't Provide Further Fncl Aid To LG Card
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Japan:

Wal-Mart may back out of Daiei bid
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Australia:

New Tel brass face court action
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Ex-CEO of Failed Insurer HIH Pleads Guilty
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Inventor faces angry creditors
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Mexico:

Pemex Finances in Tatters as Reforms Gather Dust
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Italy:

Bondi set to sue Italian banks
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