September 3, 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) http://bkinformation.com/News/DailyNews.htm
Prior editions available at http://bkinformation.com/bankruptcy_news.htm
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Airlines:

Delta's plan due Wednesday
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Delta union denies rumors
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US Airways passengers check options
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US Airways pilots draft proposal, deal may be near
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US Airways Names Veteran As Restructuring VP
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United slims some flights
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Investors rush to fix Hawaiian Air
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Delta pilots offer little hope
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US Airways, pilots seek common ground
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US Airways' plight may help Delta
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US Airways Watch
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Continental lays off more workers
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Law:

Lawsuit Safe Harbor May Not Protect Companies From Danger
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Lawyer goes back to school ... as a teacher
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Accounting:

U.K. Lawmakers to Consider Rules to Boost Power of Auditors
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Recent Going-Concern Statements
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The Doctors' Deductions
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Churchill edged competitor
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Ormet files reorganization plan in bankruptcy court
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Winona staff mourns loss of hospital, 'family'
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Bankrupt Indianapolis hospital announces it will close
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AT&T Wireless bondholders accept equal footing
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Franchisees, Shareholders Battle DB Cos. $71M Sale Plan
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Kmart Closes Deal to Sell 45 Stores To Sears For $524.5M
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Federal Judge Continues Plans For Sept. 21 Tobacco Trial
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Philip Morris, Plaintiffs Spar Over Ill. Supreme Court Justice
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Mississippi Chemical Announces Filing of Amended Plan of Reorganization
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Television glass-maker Techneglas owes creditors $50 million
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Hurricane Ferrari: Charley uncovers a treasure trove of vintage sports cars
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Belongings of Penthouse founder to sold at Red Hook, N.Y., auction
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Arena deal isn't fair to lenders, report says
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Enron:

Enron CEO's Firm Seeks 'Success Fee'
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Enron sells pipelines for 2.45 billion
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Enron Bankruptcy Specialist to File for 'Success Fee'
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Asbestos:

Pfizer, Quigley Unit To Resolve Asbestos Claims
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Pfizer to Take $369 Mln Asbestos Charge
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Pfizer and Quigley Subsidiary to Resolve Legacy Asbestos Claims Through Responsible, Orderly Process
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Foster Wheeler Extends Exchange Offer; Minimum Threshold Waived
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Documents shed more light on Owens-Corning bonuses
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Pfizer to Settle Asbestos Claims for $430M
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Corporate Reform:

Business group sues over boards' makeup -- Suit claims SEC going far beyond what law allows
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SEC Faces Lawsuit Over Fund-Governance Regulations
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Former environmental services company CEO gets 9 years in prison for fraud
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Is Black in the red?
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Economy:

Productivity Growth Rises 2.5%, Slowest Pace in 18 Months
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Jobless Claims Surged to 5-Month High Last Week
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U.S. employers added 144,000 nonfarm jobs to their payrolls in August and estimates for the previous two months were revised upward. The unemployment rate fell to a three-year low
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Stocks Set for Lower Open After Jobs Data
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A game plan to throw debt collector for a loss
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Complaint targets former PurchasePro exec
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New service allows users to outfox caller ID
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Scramble to skirt foreclosure
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Acclaim falls on its sword
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Vapour Network company worth billions
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Choice One plans Ch. 11 filing
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Conference Announcement: Bankruptcy of Religious Nonprofits
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Going Out of Business Sales Begin Friday In All 172 Factory 2-U Stores
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Biopsy system developer receives confirmation of reorganization plan
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New Bankruptcy Opinions
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Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings
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Weird News
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UK:

Exceptional transactions can be in ordinary course of business
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British Energy plans challenged
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High Energy Prices Could Cut Aid To British Energy
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We Will Nail His Assets To The Wall
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Underworld figure declared bankrupt owing £12,700 tax
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Marconi repays debts early after restructuring
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Tunnel operator dares to hope of recovery
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Russia:

Oil rises on setback for Yukos
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Yukos Accounts Frozen - Oil Production May Stop
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Yukos handed 4.2-bln-dollar tax bill for 2001
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Germany:

Corporate Failures Stabilising in Germany
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Korea:

Court Auctions Rising
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Concerns Over Japan-Like Slump Rising
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South Korean Banker Faces Regulator's Wrath
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Nauru:

Only harsh medicine can save Nauru
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Australia:

Cabot Announces Expected Impairment of Investment in Sons of Gwalia
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Receiver targets porn king's property
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Good news for SoG creditors
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Argentina:

Argentina Bonds Rise on Expectations of Higher Default Payment
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Argentine Companies Borrow Against Assets Amid Lending Dearth
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Japan:

Japanese Regulator Urges Banks To Shed Bad Loans
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Italy:

Parmalat's Enrico Bondi refuses to pay 75m euros to US insurers
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