May 12, 2004 

Arizona airline interested in Hawaiian Air reorganization
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Air Canada Says Investors May Inject C$250 Million
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S&P Lowers Delta Outlook After Chapter 11 Warning
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Salt Lake airport may be braced against possible Delta bankruptcy
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Pilot deal Delta's key lifeline
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Flyers Nervous Over Delta Bankruptcy
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S&P cuts long-term outlook on Delta to negative
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Republic giving IPO another try
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Are planes, pilots grounded too long?
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Airport Administrators Watch Airlines' Next Move
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Air Canada gains as competitor says it will shrink
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Discounters will overtake Air Canada to control Canadian skies
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Dunkerley's fate up to best bidder for Hawaiian
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Fuel costs threaten to derail European airlines' recovery
(WSJ: separate paid subscription required)

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Steel:

WSX, creditors reach deal
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Pension changes to kick in soon for Weirton retirees
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Havens gets the financing to go on
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WCI noteholders get say in reorganizing
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Weirton Assessment Could Lead to Suit, Workers' Comp Claims Costs Sit at Center of Debate
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Law:

Firms Bump Up Billing Rates, Hold Salaries and Hours Steady
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Oregon State Bar investigating former governor Goldschmidt
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Lawyers Seek $258M for Suing Microsoft
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Clifford Chance Does the Salary Hokey Pokey
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N.J. Judge Charged With Harassing Female Clerk
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Kilpatrick Stockton adopts plan to address diversity issues
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Up the ladder and out the door?
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Thinking outside the box -- Leave the billable-hours factories behind
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7th circuit finds two firms efforts after being fired worthy of scorn
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Energy:

PSC objects to NWC proposal for emerging from bankruptcy
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Utility Asks Bankruptcy Court to Block Montana Probe
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Mirant Won't File Qtrly Report On Time With SEC
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Battle heating up as PSC files objection to NW bankruptcy plan
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Officials object to NorthWestern bankruptcy plan
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Adelphia to choose M&A adviser
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Adelphia narrows merger adviser pool--source
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Madigan will try to revoke Emerald license
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Isle of Capri Casinos, Inc. Issues Statement
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Isle deal runs into roadblock in Illinois
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Isle of Capri Chicago casino stopped by Ill. A.G.
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Minority owner of Devils pleads guilty in $80 million Strategic Technologies fraud
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Don's money troubles mount up
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Lawyers reap rewards from Citi Settlement
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WorldCom Case Reaches `Watershed Moment,' Judge Says
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States file tax claims on MCI
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Citigroup Settles Round 2
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CalPERS Loses Bid to Keep Suit in State Court
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Asbestos:

Hardie: disclosure unnecessary
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Settlement talk lifts Halliburton
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Moody's revises Halliburton's outlook to stable
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Congoleum Corporation Reports First Quarter Results
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New CEO at Johns Manville
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Corporate Reform:

Wachner in accord with SEC
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Ex-Warnaco CEO reaches SEC settlement
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Adelphia Investor Tells of Talk About Loans
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Angering Big Business, Donaldson Vows to Change Voting Rules
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SEC Is Probing Banks' Influence On Mutual Fund Share Purchases
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Spitzer Subpoenas Putnam Over Fee Rebates
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Enron:

Indian company challenges US bankruptcy court order on Dabhol sale
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PGE buyout bid still intact
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PGE quarterly earnings jump 52 percent
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Accounting:

PWC to Settle Warnaco Case for $2.4 Mln
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Defunct Arthur Andersen the Target of Lawsuit, Disciplinary Action
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Merck Vows to Fight IRS Over $2 Billion Tax Bill
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Fresh Ideas on Auditor Independence
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HealthSouth Delays Results until 2005
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PE firms cash out of SpectraSite
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Preference Action Barred to Recover Payments under Assumed Contract
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Dean Foods in settlement talks with SEC
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PE firms cash out of SpectraSite
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Conflict Of Interest Alone Does Not Warrant Additional Committee
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Ex-ADT chief to concede fraud guilt
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Far From Soldiers of Fortune -- Soldiers in Iraq lose homes, jobs, face bankruptcy
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Low estimate haunts battling Boston tower owner
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Attorney Seeks Business Resolution to Solutia's Bankruptcy Reorganization
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EDS Lost Contracts Because Of Financial Concerns
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Stan Lee rises from dot-com rubble
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Sun Healthcare shares plunge after quarterly loss
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Cost cutting is tough business
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Salton bonds slide after loss, covenant breach
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Intellectual Property in Secured Transactions
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Ormet asks judge for more time
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Necessary Modifications to Bargaining Agreement Not Limited to Bare Minimum
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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Credit Card Losses and Personal Bankruptcies
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Personal Bankruptcies Still Down From a Year Ago
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Doctor who runs free clinic faces losing license Wednesday
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Capitalizing on Cross-Border Financial Opportunities -- Wisely
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Limiting Reliance on Conduit Defense in Preference Litigation
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Eddie Bauer in turnaround
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The Sage Commander
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Telecoms:

Rival Groups Claim Control of Norman, Okla.-Based Broadband Wireless
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Cable & Wireless USA Disclosure Statement Wins Court OK
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Judge Grants Delay on Fen - Phen Payments
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KB Toys gets $7.4M for its Internet assets
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Hospital owner Symphony Healthcare declares bankruptcy
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Moody's Sees Sharp Drop in Junk Default
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S&P cuts United Agri Products corp credit rtg to 'B'
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Bankruptcy Looming for More Households
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Portland, Maine-Based Dietary Supplements Marketer Vital Basics Files for Bankruptcy
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Flatware maker Oneida to be dropped from New York Stock Exchange
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UK:

U.K. March Wage Growth Accelerates to 2 1/2-Year High
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Company Winding Up And Bankruptcy Petition Statistics First Quarter 2004
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Latham secures sale of debt-ridden Atlantic
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Canada:

Judge approves sale of Doman's Port Alice mill
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Saskatchewan Wheat Pool: Court Extends Stay
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Argentina:

Telecom Argentina to Begin Offer on Debt Restructuring in June
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France:

Govt Planning Corporate Bankruptcy Reform
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Russia:

For Debtors, Credit History Is Way of the Future
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China:

Is China's economic miracle in meltdown?
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South Africa:

Report dismisses complaint of bias against liquidator
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Japan:

Employment fears recede amid recovery
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Nauru:

Australian proposes sale of Nauru
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New Zealand:

Consumers have accumulated a record $93 billion of debt
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