December 22, 2000 Daily Bankruptcy News

December 22, 2000 Daily Bankruptcy News Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet AND BKCLAIMS Marketplace - The Online Market For Bankruptcy Claims Also available on the Web (with links to the news stories) at: http://bkinformation.com/DailyNewsFrames.htm

Xerox Warns of Softer Earnings, Declines To Comment On Bankruptcy Speculation Firms hit by asbestos litigation take bankruptcy route Duke & Long Bankruptcy May Affect Some Franchise Ln Securitizations Says Fitch Bankruptcy crashes the Barbie PC Coral Springs, Florida firm that provided communications to truckers goes into bankruptcy Court Approves Master Graphics Disclosure Statement; Solicitation to Begin; Receives Approval to Sell Non-Core Divisions Casinos: Analyst jitters over gaming stocks growing Las Vegas, NV: Experts probe bankrupt Vacation Village's troubles Bankruptcy Judge Denies Regent's Request For $20 Million Operating Loan ____________ First Union Slashes Dividend - Capital Concerns Arise After Two Large Borrowers Tumble CompuCom Purchase of MicroAge Technology Services Approved FTC Head Favors Federal Action in Privacy, Says Argument for Preemption Now Stronger Law firm denies claims of negligence in representing buyer in purchase of assets from bankruptcy estate Beleaguered New Milford Gravel Mine Files for Bankruptcy Sterling, Ill.-Based Steel Manufacturer, Northwestern Steel & Wire Co., Files Bankruptcy	Western Utility Crisis: Calif. moves to protect utilities' credit standing California utilities to get rate hike California Utilities Near Bankruptcy California's two biggest utilities nearly out of money - PG&E "has virtually exhausted its financial resources" (WSJ: paid subscription required) Disaster Of The Day: California Utilities Calif. power crisis could short-circuit state economy Southern California Edison faces bankruptcy Consumers Deprived of a Voice in Utility Rate Talks Deepening Crisis Raises Specter of Power Rationing Federal Regulators Reject `Hard' Price Caps Wall Street backs utilities, but consumer groups don't buy Standard and Poor's analysis a rate hike is needed. FACTBOX-Calif utilities say running out of cash _____________ Bankruptcy Reform: Bankruptcy Veto Sparks Renewed Push by Financial Industry Senators React to Presidential Veto Changes Slated For Judiciary Committee ___________ Harrah's Casino owner seeks debt restructure Bankruptcy Judge orders Bank of Honolulu owner to pay $1 million	New Bankruptcy Opinions (1 new opinion today) Japan: Bankruptcy Filing, Slower Growth in Exports Dim Japan’s Recovery ___________ India: Eunuchs in high demand protecting assets in India ____________ Restructuring: Halliburton restructuring, dividing into two units Air Canada issues profit warning, cuts jobs Lucent sets restructuring, sees loss, restates results _____________ Dotcoms: E-Tailing: How the Glitch Stole Christmas Market Paying Price for Valuing New-Economy Hope Over Profits (NYT: free registration required) Dot-com adds insult to injury with bounced severance check Bizbuyer bids customers, employees farewell ___________ Reliance agrees to restructuring pact - newspaper Chicago, IL: Gold Coast Retailer Gets Year For Bankruptcy Fraud Norfolk, VA: Hotel bankruptcy entangles Ocean View Golf Course Denver, CO: Guards at federal buildings on strike Weather Forecast: Enter City, State, or Zipcode: