January 16, 2004 

Daily Bankruptcy News

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

Also available on the Web (with links to the news stories)  at: http://bkinformation.com/News/DailyNews.htm

Prior editions available at http://bkinformation.com/bankruptcy_news.htm
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Enron:

Lay's lawyer points finger at Fastow
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Fastow to Help Prosecutors in Enron Case
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Ex-Enron chief Lay eager to talk, his lawyer says
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Who Will Fastow Implicate?
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Fastow's Plea Is Not the Final Chapter
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Former Enron chief Skilling may be investigators' next target
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PUHCA Hearing
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Energy Firm to Acquire Wind-Energy Assets from Enron
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Fastow deal signals new chapter
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Law:

Lawyer's bill begs to be cut
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In one firm, post-it notes and bonuses promote good work
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NY Firm's Satellite Raises Associate Pay, Triggers Salary War
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Firm Wins Backers for $258 Million Fee Request
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Cap Gemini appoints new legal chief
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Energy:

PG&E OKs electricity rate cut / Deal will save customers $800 million (
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Steel:

Weirton Job Cuts Could Hit 800
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Pacific Crossing sues Pivotal
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Accounting:

Adecco unveils widespread accounting flaws, heads roll
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Adecco Finance Chief Resigns Amid Accounting Probe
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Scandals show risks at far-flung operations
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The Impact of Sarbanes-Oxley on Corporate Tax Departments

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Churchill's bets would jump 15% with added track - May buy debt against bankrupt track
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RCN scrambles vs. bankruptcy: And investors race to dump it
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Bankruptcy court approves Adelphia Vt. settlement
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Adelphia Commun Completes Transition To New Board
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Adelphia Names Yale Dean Lead Director
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Bankrupt Black Hawk, Colo., Casino Could Be Bought by Local Rival
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Candy Lovers Mourn Fannie May Closing
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As Toy Stores Fall, Manufacturers Hunt New Venues
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Safety-Kleen says CEO Rittenmeyer to step down
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Fewer Defaults Boost Bank Profits
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Factory 2-U: Court Approves Interim DIP Financing
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Fulton Bellows may try selling firm in parts - Labor contract issue forces company to 'revise bidding'
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  Airlines:

US Airways execs resign, union wins on furloughs
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Bondholders stop fighting Li's Air Canada deal
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Creditors won't oppose Li's deal
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Continental CEO to Retire
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UAL rankles creditors again
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Benefits fight gains mechanics at United
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Boeing mulls selling part of finance unit
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US Airways workers win layoff battle
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Delta shares slide as analysts see bigger losses
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Few American Airlines Mechanics Show Support for Insurgent Union
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Chanin Capital Partners Announces Promotion of Key Senior Bankers
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Telecoms:

Layoffs Likely at MCI
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Qwest Seeks Customer Data For Cable & Wireless USA
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Mexico's Slim Seeks WorldCom Equity Stake of as Much as 12%
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TalkPoint Communications Announces Sale of Assets and Chapter 11 Filing
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General DataComm Reports First Profit in Decade
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Corporate Reform:

Pinstripes to Prison Stripes
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SEC eyes Fleet unit charges
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Media barred from Martha Stewart jury selection
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Broker's Assistant May Hold Key to Stewart's Fate
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Knowing Her Mind, Bankruptcy Lawyer Elizabeth Edwards Speaks It
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Bank Profits Rise on Consumer Lending
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Departing PBGC head urges action soon on pension reform
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Taxpayers may have to bail out pension insurance agency
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Pilgrim Cleaners seeks bankruptcy protection
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Jackson Products promises a profit
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Solutia Bankruptcy Resolution Could Be Thorny
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Solutia negotiates loan terms
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Good ways to get out of debt
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HIR Announces Favorable Ruling In Ditto Properties Bankruptcy Litigation
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Judge Rejects Challenge To Cone Mills Holders Panel
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KB Toys Gets Crt OK For $3.35M Of Emergency Payroll Cash
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Debtor predators
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Bank Merger Likely to Mean New Terms for Credit Card Holders
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Bankruptcy Judge Orders Debtor to Pay Workers
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Maine Blueberry Growers, Processors Can't Reach Agreement, Bankruptcies Loom
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New Bankruptcy Opinions
(4 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Deadbeat execs still owe companies millions
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Bankruptcy Judge Boosts Severance Pay For Former Retail Employees
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Royal Olympic Signs Pact With German Banks
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Proposed bankruptcy rules hearing
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Berkshire Hathaway Unit Sole Bidder For Oakwood Homes
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Former Owner of Norfolk, Va., Hotel Gets Jail Sentence for Mortgage Scam
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Wal-Mart Undermines Big Chains' Credit
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An Indepth Review of International Distressed Debt Trading In Domestic Secondary Markets
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SureBeam plant in Sioux City shuts down
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UK:

BCCI court told Bank official referred to foreign counterparts as 'wogs'
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Bank sued for tort of misfeasance in public office

Sheikh rescue package to save Leeds
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Leeds shares go up
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Leeds Shares Soar After Reports That Al-Khalifa Will Bid Today
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Troubled Leeds United put all their big-name stars up for sale
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Rugby clubs 'face debt crisis'
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Premier rule coming on debt crisis clubs
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We'd support deferral
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Dealing with card debt
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Argentina:

Argentina Fails to Get Ruling on Seizing IMF Payments
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Argentina Judge Suspends Correo Argentino Bankruptcy
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IMF's continued lending to Argentina 'risks breaking rules'
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Canada:

Les Boutiques San Fancisco gets 60-day extension
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Boutiques San Francisco to cut 585 jobs
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Boutiques gets court approval for plan
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Miner seeks protection
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Knighthawk Subsidiaries File Proposal under BIA
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Germany:

Leo Kirch strikes back
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Italy:

Italian finance chief calls for post-Parmalat reform
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Additional Parmalat Stories

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Japan:

Government may declare 'recovery'
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Accountant backs Ashikaga auditor
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