TCREUR_Public/070910.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

           Monday, September 10, 2007, Vol. 8, No. 179

                            Headlines


A U S T R I A

1070 DRUCK: Vienna Court Orders Business Shutdown
A.S. BAU: Claims Registration Period Ends Oct. 4
BIOENERGIE HEILIGENKREUZ: Claims Registration Period Ends Oct. 1
ELISENSTRASSE 43: Claims Registration Period Ends Sept. 26
GBZ KFZ-LEASING: Vienna Court Orders Business Shutdown

MEINL EUROPEAN: Fitch Cuts Ratings to BB+ on Depleted Reserves
S.E.B.G. MICHAEL: Korneuburg Court Orders Business Closure
SEHO LLC: Claims Registration Period Ends Oct. 1
TPG LLC: Claims Registration Period Ends Sept. 28


C Z E C H   R E P U B L I C

J&T BANKA: Moody's Assigns B2/NP Currency Bank Deposit Ratings


F I N L A N D

METSO CORP: To Maintain ADR Facility Following Share Delisting
METSO CORP: Unit to Deliver Particleboard Equipment to Ugra-plit


F R A N C E

AEROFLEX INC: Moody's Lifts Senior Secured Credit Rating to Ba3
GRAFTECH INT'L: June 30 Balance Sheet Upside-Down by US$8 Mln
GRAFTECH INT'L: Better Cash Flow Cues Moody's to Revise Outlook
LAZARD LTD: Opens Boston Office; Hires Messrs. Murray & Dolins


G E R M A N Y

A. KIEPER GMBH: Claims Registration Period Ends Sept. 28
ALBERTS COLLECTION: Claims Registration Period Ends Oct. 18
BROCHIER VERWALTUNGS: Creditors Must Register Claims by Oct. 5
CHRYSLER LLC: Names James E. Press Vice Chairman & President
CONCORDIA BAUTRAGER: Claims Registration Ends Oct. 17

CRAZY GASTRO: Creditors’ Meeting Slated for September 27
DAL GERUESTBAU: Claims Registration Period Ends Oct. 19
ELEKTRO P & P: Creditors Must Register Claims by October 8
ELEKTRO RUNTE: Claims Registration Period Ends Sept. 30
GEBRUEDER HUETING: Claims Registration Period Ends Sept. 27

GEBRUEDER WIESE: Claims Registration Period Ends Oct. 1
HBE HAMBURGER: Claims Registration Ends October 5
INDUSTRIEBEDACHUNGS GMBH: Claims Registration Ends October 30
INFINITI WHIRLPOOL: Claims Registration Ends October 15
NATURSTEIN CENTER: Creditors Must Register Claims by October 5

NRG ENERGY: Executives Formulate Plans to Buy and Sell Stocks
PLURIMA MOEBEL: Creditors Must Register Claims by October 19
PRINT PROFIS: Creditors Must Register Claims by October 22
PRO3 INNOVATIO: Claims Registration Period Ends Oct. 18
PWM GMBH: Creditors Must File Claims by October 10

RUEHL BAUUNTERNEHMEN: Claims Registration Ends Oct. 16
SBC-LOGISTIC GMBH: Creditors' Meeting Slated for September 11
SCHIEDER-POLSTERMOEBEL: Claims Registration Ends Oct. 17
SCHULDNERIN AC: Claims Registration Ends October 15
SM ENERGIEERZEUGUNG: Claims Registration Ends October 19

SOLO-ART METALL: Claims Registration Period Ends Oct. 17
T K G WERKSTATTAUSRUESTUNG: Claims Registration Ends October 9
THIS & THAT: Creditors Must Register Claims by October 19
TREICHEL IMMOBILIEN: Claims Registration Ends Oct. 16
VIDEO CENTER: Creditors Must File Claims by October 10


H U N G A R Y

AES CORP: Regulator OKs Unit's Planned US$25MM Bond Issuance
AES CORP: Termoelectrica Shortlists Bid for Galati Thermal Plant
AES CORP: Deutsche Bank Puts Buy Recommendation on Firm's Shares
SUN MICROSYSTEMS: Annual Stockholders' Meeting Set for Nov. 8


I R E L A N D

GAP INC: Taps Sabrina Simmons as Acting Chief Financial Officer


I T A L Y

FIAT SPA: Mulls Joint Bid w/ Tata for Ford Brands, Reports Say
FIAT SPA: Quells Rumors on Joint Bid for Jaguar & Land Rover


K A Z A K H S T A N

AGRO STILL: Proof of Claim Deadline Slated for Oct. 12
AKRUS LLP: Creditors Must File Claims Oct. 16
BELGIBAI LLP: Claims Filing Period Ends Oct. 16
EKUSBI LLP: Creditors' Claims Due on Oct. 12
NAURYZ TRADE: Claims Registration Ends Oct. 17

NURAYIM LLP: Creditors Must File Claims Oct. 17
TAYBURYL LLP: Claims Filing Period Ends Oct. 16
UG-SPETSTECHNICA LLP: Creditors' Claims Due on Oct. 16


K Y R G Y Z S T A N

BUILDING UNIVERSAL: Creditors Must File Claims by October 12


M A L T A

ISOFT GROUP: Providing Laboratory IT Systems to Malta Hospital


N E T H E R L A N D S

WEIGHT WATCHERS: Declares US$0.175 Per Share Quarterly Dividend


R O M A N I A

FREESCALE SEMICONDUCTOR: Names Henri Richard as Sr. Vice Pres.


R U S S I A

ABINSKIY LLC: Creditors Must File Claims by Oct. 11
CHULPAN LLC: Creditors Must File Claims by Oct. 11
DALI CAPITAL: S&P Lifts Ratings to BB- on Collateral Upgrade
ECO-GROUP CJSC: Court Names V. Gilmanov as Insolvency Manager
GELIOS LLC: Ryazan Bankruptcy Hearing Slated for Dec. 18

HYNIX SEMICONDUCTOR: Abandons M8 Equipment Facilities Sell Off
MENDELEEVSK-AGRO-KHIM-REM-STROY: Claims Filing Due Oct. 11
METSO CORP: Unit to Deliver Particleboard Equipment to Ugra-plit
MILK OJSC: Court Names V. Letyagin as Insolvency Manager
MINE KOKSOVAYA: Kemerovo Bankruptcy Hearing Slated for Dec. 13

MINE ZENKOVSKAYA: Kemerovo Bankruptcy Hearing Slated for Dec. 13
NOYABRSK-OIL-GAS-STROY: Creditors Must File Claims by Oct. 11
RODINA CJSC: Court Starts Bankruptcy Supervision Procedure
STEPAN RAZIN: Court Names R. Sadykov as Insolvency Manager
STROY-KERAMIKA OJSC: Bidding Deadline Slated for Sept. 13

TITAN PETROCHEMICAL: Moody's Downgrades Corporate Rating to B2
TITAN PETROCHEMICALS: S&P Changes B+ Rating Outlook to Negative
TSARITSA OJSC: Court Names A. Kharlanov as Insolvency Manager
ULAN-UDENSKIY BAKERY 1: Court Starts Bankruptcy Supervision
VETLUZHSKOE CJSC: Court Names B. Potashnik as Insolvency Manager

VNESHPROMBANK: S&P Assigns Junk Ratings with Stable Outlook


S P A I N

ARVINMERITOR INC: Closes 13 Plants to Initiate Restructuring


S W E D E N

FLEXTRONICS INT'L: Solectron Stockholders Want To Vote on Merger


S W I T Z E R L A N D

BEST BUSINESS: Creditors' Liquidation Claims Due September 14
BOSCH UND BUTZ: Creditors' Liquidation Claims Due September 14
CHALET RESTAURANT: Creditors' Liquidation Claims Due Sept. 13
D’ ANDREA: Creditors' Liquidation Claims Due September 16
DAMENMODE BIM PARKLI: Creditors' Liquidation Claims Due Sept. 15

DESOMED VERTRIEB: Creditors' Liquidation Claims Due September 14
ENDLESS CIRCLE: Zug Court Starts Bankruptcy Proceedings
GEOKART JSC: Graubunden Court Closes Bankruptcy Proceedings
HERCULES INC: Closes Dexter Chemical Business Buyout
KOCHKUNST JSC: St. Gallen Court Starts Bankruptcy Proceedings

NEZWERCH LLC: Creditors' Liquidation Claims Due September 14
NORDPLAST JSC: Creditors' Liquidation Claims Due September 17
NOVELIS INC: Will Invest US$7 Million for Brazilian Plant
POLARLICHT SKANDINAVISCHES: Liquidation Claims Due September 14
RISSE UND MAYER: Creditors' Liquidation Claims Due September 17

RUDISUHLI, NANNY: Creditors' Liquidation Claims Due September 16
SWINCOR JSC: Creditors' Liquidation Claims Due September 17


T U R K E Y

FORD OTOSAN: Fitch Rates IDR at BB+ on Financial Results


U K R A I N E

BORISFEN-SOUTH LLC: Creditors Must File Claims by September 11
BRATSKOEAL AGRICULTURAL: Creditors Must File Claims by Sept. 11
ENEIDA LLC: Creditors Must File Claims by September 11
GARANT LLC: Creditors Must File Claims by September 11

KHMELNIKAL BUILDING: Creditors Must File Claims by September 11
LAZUR CJSC: Claims Submission Deadline Set September 11
SVITTECH LLC: Creditors Must File Claims by September 11
TIVROVAL ENTERPRISEAL: Creditors Must File Claims by Sept. 11
UKRAINIAN FERROUS: Creditors Must File Claims by September 11

UKRAINIAN STONE: Creditors Must File Claims by September 11


U N I T E D   K I N G D O M

ANGEL ACCESS: Claims Filing Period Ends September 13
AXA INSURANCE: U.S. Court Grants Chapter 15 Petition
BARTLETT CATERING: Brings In Liquidators from UHY Hacker Young
BRITISH AIRWAYS: Traffic Figures Up 5.3 Percent in August 2007
BRITISH ENERGY: Carron Energy Eyes Eggborough Power Plant

COLLINS & AIKMAN: Selling Three Industrial Facilities
DYNAMOTIVE ENERGY: Posts US$3.5 Mln Net Loss in Second Quarter
FITCHES AND WHITMORE: Claims Filing Period Ends September 26
FORD MOTOR: Fiat & Tata Motors Mull Joint Bid, Reports Say
FORD MOTOR: Fiat Denies Joint Bid Plans for Two Brands

HMV GROUP: Total Group Sales Up 12.2% for 18-Week Ended Sept. 1
L WEAR: Claims Filing Period Ends October 2
L.M.N. OFFICE: Calls In Liquidators from Mercer & Hole
ISOFT GROUP: Providing Laboratory IT Systems to Malta Hospital
SANYO ELECTRIC: LongReach to Most Likely Win Semiconductor Unit

SCOTT ELECTROMECH: Administrators Sell Outside Contracting Arm
SOUTHERN PACIFIC 05-1: Fitch Rates Class E Notes at BB
SOUTHERN PACIFIC 05-2: Fitch Rates E1c and E2c Notes at BB
SOUTHERN PACIFIC 05-3: Fitch Rates Class FTc Notes at B
SOUTHERN PACIFIC 06-1: Fitch Rates Class FTc Notes at B

TATA MOTORS: Mulls Joint Bid w/ Fiat for Jaguar & Land Rover
WHOLE FOODS: Presents Plans for Combined Stores

* BOND PRICING: For the Week Sept. 3 to Sept. 7, 2007


                            *********


=============
A U S T R I A
=============


1070 DRUCK: Vienna Court Orders Business Shutdown
-------------------------------------------------
The Trade Court of Vienna entered Aug. 9 an order shutting down
the business of LLC 1070 Druck & Vertrieb (FN 263198g).

Court-appointed estate administrator Nikolaus Vogt recommended
the business shutdown after determining that the continuing
operations would reduce the value of the estate.

The estate administrator can be reached at:

         Mag. Nikolaus Vogt
         c/o Dr. Eva Riess
         Zeltgasse 3/13
         1080 Vienna
         Austria
         Tel: 402 57 01-0
         Fax: 01/402 57 01 21
         E-mail: nikolaus.vogt@riess.co.at

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Aug. 3 (Bankr. Case No 5 S 91/07b).  Eva Riess represents
Mag. Vogt in the bankruptcy proceedings.


A.S. BAU: Claims Registration Period Ends Oct. 4
------------------------------------------------
Creditors owed money by LLC A.S. Bau (FN 181100z) have until
Oct. 4 to file written proofs of claim to court-appointed estate
administrator Gernot Franz Herzog at:

         Dr. Gernot Franz Herzog
         Haunspergstrasse 33
         5020 Salzburg
         Austria
         Tel: 0662/870046
         Fax: 0662/878462

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 2:15 p.m. on Oct. 15 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Salzburg
         Room 221
         Second Floor
         Salzburg
         Austria

Headquartered in Siezenheim, Austria, the Debtor declared
bankruptcy on Aug. 9 (Bankr. Case No. 23 S 63/07w).


BIOENERGIE HEILIGENKREUZ: Claims Registration Period Ends Oct. 1
----------------------------------------------------------------
Creditors owed money by LLC Bioenergie Heiligenkreuz am Waasen
(FN 192361i) have until Oct. 1 to file written proofs of claim
to court-appointed estate administrator Bernhard Astner at:

         Dr. Bernhard Astner
         Schloegelgasse 1
         8010 Graz
         Austria
         Tel: 0316/832527-0
         Fax: 0316/814315

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:15 a.m. on Oct. 16 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Graz
         Hall K
         Room 205
         Second Floor
         Graz
         Austria

Headquartered in Heiligenkreuz am Waasen, Austria, the Debtor
declared bankruptcy on Aug. 9 (Bankr. Case No. 40 S 22/07v).


ELISENSTRASSE 43: Claims Registration Period Ends Sept. 26
----------------------------------------------------------
Creditors owed money by LLC Elisenstrasse 43 (FN 91553m) have
until Sept. 26 to file written proofs of claim to court-
appointed estate administrator Christian Bachmann at:

         Dr. Christian Bachmann
         c/o Dr. Eva-Maria Bachmann-Lang
         Opernring 8
         1010 Vienna
         Austria
         Tel: 512 87 01
         Fax: 513 82 50

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:10 a.m. on Oct. 10 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1707
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Aug. 9 (Bankr. Case No. 2 S 108/07f).  Eva-Maria Bachmann-
Lang represents Dr. Bachmann in the bankruptcy proceedings.


GBZ KFZ-LEASING: Vienna Court Orders Business Shutdown
------------------------------------------------------
The Trade Court of Vienna entered Aug. 8 an order shutting down
the business of LLC GBZ KFZ-Leasing und Handel (FN 162110y).

Court-appointed estate administrator Eva Wexberg recommended the
business shutdown after determining that the continuing
operations would reduce the value of the estate.

The estate administrator can be reached at:

         Dr. Eva Wexberg
         c/o Dr. Walter Kainz
         Gusshausstrasse 23
         1040 Vienna
         Austria
         Tel: 505 88 31
         Fax: 505 94 64
         E-mail: kanzlei@kainz-wexberg.at

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Aug. 2 (Bankr. Case No 4 S 86/07k).  Walter Kainz represents
Dr. Wexberg in the bankruptcy proceedings.


MEINL EUROPEAN: Fitch Cuts Ratings to BB+ on Depleted Reserves
--------------------------------------------------------------
Fitch Ratings has downgraded Meinl European Land Ltd's Long-term
Issuer Default rating and senior unsecured rating to 'BB+' from
'BBB-'.  Both ratings have been put on Rating Watch Negative.
The Short-term IDR has been downgraded to 'B' from 'F3'.  MEL is
a Jersey-based, Vienna head-quartered, property development and
investment company with retail assets in major central and
eastern European countries.

The rating action reflects Fitch's view that MEL's EUR1.8
billion of share/certificate buybacks in June and July 2007 were
an aggressive maneuver and significantly depleted the group's
cash reserves, which were intended to fund the EUR3.7 billion
property development program.  This action has only been
compounded by the share price decrease thereafter.  Assuming
that further equity issuance will be difficult in current market
conditions, together with the lack of other committed bank
lines, this has left the company with a prospective liquidity
shortfall in 2009 if it is to complete its remaining
EUR3.1 billion committed development program.  Aside from the
above events, the property fundamentals of MEL have not changed.

Fitch expects to resolve the RWN status once management has re-
established confidence; cleared the company of recently
announced regulatory enquiries; established arms-length
arrangements with Meinl Bank A.G.; and raised funding for the
remaining development program, including adequate contingencies,
preferably with two years' visibility.

MEL had had a track history of successfully accessing fresh
equity and raising unsecured debt ahead of its committed
development program's requirements.  Consequently, it was under-
leveraged but Fitch had rated the company based on the quality
of its existing and prospective, largely unencumbered, retail
property investment portfolio diversified over several
countries.  Fitch had also considered the risk appetite inherent
in the property development criteria and the target interest
cover and leverage that - once, theoretically, the development
program ceases - management intends to operate within.

Up until Aug. 29, 2007, MEL used some EUR1.8 billion of its
accumulated cash to buy back its certificates (up to 30% of all
outstanding certificates) at around EUR20 per share (or
certificate).  Following the past two months' market turbulence,
investor concern over the lack of disclosure about this
share/certificate buyback, concerns about corporate governance
and the connection with Meinl Bank (where some remaining
EUR1.5 billion of MEL's cash deposits sit), the share price has
since declined to around EUR13.  Management has publicly
reiterated that the existing development program warrants a
share price of approximately EUR24. MEL does not necessarily
expect to cancel the certificates/shares it has bought but may
effectively sell these treasury shares to prospective strategic
investors thereby creating a cash inflow.  MEL management has
recently sought to inform and obtain approval from shareholders
on the certificate buybacks - which have now stopped - and
appoint a local corporate governance expert who will also review
certain arrangements with Meinl Bank.  Nevertheless, a classic
crisis of confidence in the company and its management, unaided
by lack of timely disclosure, has occurred.  The Vienna Stock
Exchange has publicly announced that MEL has complied with all
stock exchange regulations.

Fitch has met management and received confirmation that
corporate governance disclosure and measures are due to improve
in the immediate future.  Currently, MEL has approximately
EUR1.3 billion on short-term cash deposits with Meinl Bank
(unrated) and EUR0.2 billion in other short-term highly rated
bank and government bonds.

Assuming that the company will not be able to access the public
equity markets for the foreseeable future, and that the
remaining EUR3.1 billion committed development program proceeds
using the above remaining cash resources, MEL has confirmed that
it has no immediate liquidity requirements until 2009.  Then
liquidity may be met from potential property sales and/or the
signing of a EUR500 million committed bank facility whose
syndication has been delayed.  MEL also has a EUR2 billion EMTN
program.  Fitch assumes that management will procure future
funding before its commits to further property development.


S.E.B.G. MICHAEL: Korneuburg Court Orders Business Closure
----------------------------------------------------------
The Land Court of Korneuburg entered Aug. 9 an order closing the
business of KEG S.E.B.G. Michael Rapf (FN 212020w).

Court-appointed estate administrator Petra Diwok recommended the
business closure after determining that the continuing
operations would reduce the value of the estate.

The estate administrator can be reached at:

         Mag. Petra Diwok
         c/o Dr. Viktor Igali-Igalffy
         Landstrasser Hauptstrasse 34
         1030 Vienna
         Austria
         Tel: 01/713 80 57
         Fax: 01/713 07 76
         E-mail: diwok@aon.at

Headquartered in Himberg bei Wien, Austria, the Debtor declared
bankruptcy on July 20 (Bankr. Case No 36 S 96/07w).  Viktor
Igali-Igalffy represents Mag. Diwok in the bankruptcy
proceedings.


SEHO LLC: Claims Registration Period Ends Oct. 1
------------------------------------------------
Creditors owed money by LLC SEHO (FN 278551i) have until Oct. 1
to file written proofs of claim to court-appointed estate
administrator Guenther Grassner at:

         Dr. Guenther Grassner
         c/o Dr. Norbert Mooseder
         Suedtirolerstrasse 4-6
         4020 Linz
         Austria
         Tel: 70 77 08 15
         Fax: 70 77 08 16
         E-mail: lawfirm@gltp.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:00 a.m. on Oct. 15 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Linz
         Room 522
         Fifth Floor
         Linz
         Austria

Headquartered in Neuhaus an der Donau, Austria, the Debtor
declared bankruptcy on Aug. 9 (Bankr. Case No. 12 S 65/07g).
Norbert Mooseder represents Dr. Grassner in the bankruptcy
proceedings.


TPG LLC: Claims Registration Period Ends Sept. 28
-------------------------------------------------
Creditors owed money by LLC TPG (FN 239527x) have until Sept. 28
to file written proofs of claim to court-appointed estate
administrator Norbert Scherbaum at:

         Dr.Norbert Scherbaum
         LLC Scherbaum/Seebacher Rechtsanwalte
         Einspinnerg.3
         8010 Graz
         Austria
         Tel: 0316/83 24 60-0
         Fax: 0316/83 24 60-20

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 2:00 p.m. on Oct. 11 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Graz
         Hall L
         Room 230
         Second Floor
         Graz
         Austria

Headquartered in Graz, Austria, the Debtor declared bankruptcy
on Aug. 7 (Bankr. Case No. 25 S 92/07b).


===========================
C Z E C H   R E P U B L I C
===========================


J&T BANKA: Moody's Assigns B2/NP Currency Bank Deposit Ratings
--------------------------------------------------------------
Moody's Investors Service assigned these global scale ratings to
Czech institution J&T Banka, a.s.:

   -- B2/Not Prime long-term and short-term local currency bank
      deposit ratings; and

   -- B2/Not Prime long-term and short-term foreign currency/
      bank deposit ratings.

At the same time, Moody's affirmed its E+ bank financial
strength rating and CZ-2 short-term NSR and downgraded the
bank's long-term national scale credit rating to Baa2.cz from
Baa1.cz.  The outlook on all ratings is stable.

According to Moody's, the E+ BFSR, which translates into a
Baseline Credit Assessment of B2, reflects J&T BANKA's weak
franchise in its operating area and the very high concentration
of loans and deposits and significant amount of related-party
exposure.  It is supported by the bank's satisfactory financial
indicators, sufficient regulatory and economic capitalization
and track record of executed investment projects in the Czech
and Slovak Republics.  Moody's noted that the downgrade of the
bank's NSR reflects its sustained high level of related party
exposure.

The local currency bank deposit rating assigned to J&T BANKA is
supported by the bank's Baseline Credit Assessment of B2 and
does not factor in any support from its shareholders.  The bank
is 100% controlled by J&T Finance group, a.s. (not rated), which
is ultimately owned by two private individuals, Jozef Tkac and
Ivan Jakabovic.  In Moody's view, although the bank's ultimate
shareholders have proved to be supportive in the past, the scope
and timeliness of support are uncertain going forward; hence,
Moody's has not factored any support into the ratings. In
addition, no systemic support for J&T BANKA is expected given
the peripheral nature of its niche business profile to the
country's national banking system. The foreign currency bank
deposit rating is assigned at the same level as the bank's local
currency deposit rating and is not constrained by the foreign
currency bank deposit ceiling for the Czech Republic.

J&T BANKA is headquartered in Prague, Czech Republic, and as of
Dec. 31, 2006 had total assets of CZK24.4 billion (EUR872
million), according to IFRS.


=============
F I N L A N D
=============


METSO CORP: To Maintain ADR Facility Following Share Delisting
--------------------------------------------------------------
Metso Corp. (aka Metso Oyj) plans to maintain its American
Depositary Receipt facility, and following the delisting of its
American Depositary Shares is expected to be traded over-the-
counter in the United States.  Metso's ordinary shares will
continue to trade on the Helsinki Stock Exchange.  Metso's SEC-
registered debt securities are not listed.

On July 26, 2007, Metso's Board of Directors disclosed that it
has decided to apply for delisting of the company's ADSs, each
representing one ordinary share, from the New York Stock
Exchange in the United States, and pursuant to the newly-adopted
Rule 12h-6 under the U.S. Securities Exchange Act of 1934
deregister and terminate Metso's reporting obligations under the
Exchange Act regarding both its ADSs and SEC-registered debt
securities.

The Board authorized this action based on its assessment that
the reasons why the listing was originally sought in mid 1990's
are no longer valid since the capital markets have become more
global.  All investors of the ordinary shares and ADSs of Metso
are accorded protection by Metso's continued compliance with the
rules of the Helsinki Stock Exchange and other Finnish
regulations.

Metso expects to complete the delisting and deregistration
process during 2007.  Metso intends to file a Form 25 with the
SEC on Sept. 4, 2007 to terminate its Section 12(b) registration
under the Exchange Act and to delist from the NYSE.  Such
delisting will automatically take effect 10 days later.  Metso
also intends to file a Form 15F with the SEC on or about
Sept. 14, 2007 to terminate its Section 12(g) registration and
Section 13(a) and Section 15(d) reporting obligations under the
Exchange Act.  Upon the filing of Form 15F, Metso's reporting
obligations under the Exchange Act are immediately suspended and
a 90-day waiting period is triggered during which time the SEC
could object to the filing.  At the end of the 90-day waiting
period, such suspension becomes a termination, provided that the
SEC does not raise objections or the Form 15F is not earlier
withdrawn by Metso.  Metso reserves the right to delay the
filing of the Form 15F or withdraw the Form 15F for any reason
prior to its effectiveness.

In any case, Metso intends to continue voluntary SEC reporting
until December 2007 when its outstanding SEC-registered U.S.
bond matures.  From the termination of reporting obligations
onwards, Metso will continue to publish in English on its Web
site (www.metso.com) materials that are required to be made
public pursuant to Finnish law, or required to be publicly filed
with its primary trading market or required to be distributed to
security holders.

Metso has not arranged for the listing of its ADSs or ordinary
shares on another U.S. national securities exchange or for the
quotation of its ordinary shares in a quotation medium in the
United States.  However, Metso intends to maintain its ADR
facility relating to the ADSs with the Bank of New York and
intends to amend its Deposit Agreement with the Bank of New York
to reflect the deregistration.  Following the delisting, Metso's
ADSs are expected to be traded OTC in the United States.

                          About Metso

Headquartered in Helsinki, Finland, Metso Corp. aka Metso Oyj --
http://www.metso.com/-- is a global engineering and technology
corporation with 2006 net sales of approximately EUR5 billion.
Its 26,000 employees in more than 50 countries serve customers
in the pulp and paper industry, rock and minerals processing,
the energy industry and selected other industries.

The company's principal production plants are located in Brazil,
China, Finland, France, Germany, India, Italy, South Africa,
Sweden, the United Kingdom, and the United States.

                          *    *    *

As of Feb. 9, 2007, Metso Oyj carries Standard & Poor's 'BB+'
long-term and 'B' short-term corporate credit ratings and 'BB'
senior unsecured debt rating.


METSO CORP: Unit to Deliver Particleboard Equipment to Ugra-plit
----------------------------------------------------------------
Metso Panelboard, a part of Metso Corp.'s Metso Paper business
area, will deliver the equipment for a particleboard production
line to Ugra-plit PLC in Khanty-Mansiysk, Russia.  The parties
have agreed not to disclose the value of the order.  In general
the market value of these types of deliveries is in the range of
EUR20 to EUR30 million.  The delivery is scheduled for 2008 and
start-up for 2009.

The Metso scope of delivery will include all main equipment from
raw material preparation to storage of sanded board.  The
equipment for drying and continuous pressing will be delivered
by Siempelkamp GmbH & Co. KG.  Metso Panelboard will also supply
the plant engineering as well as installation and start-up
supervision.

The new production line will be installed at Ugra-plit's site in
Sovetskiy.  The new line is designed for an annual production
capacity of 150,000 cubic meters and is later expandable to
260,000 cubic meters.  The production will be based on sawmill
residues such as sawdust and chips.

Ugra-plit PLC, established in 2005, is fully owned by the
Department of Property of Khanty-Mansiysk Autonomous Region.
The investment is part of a forest industry development program
of the region.

                          About Metso

Headquartered in Helsinki, Finland, Metso Corp. aka Metso Oyj --
http://www.metso.com/-- is a global engineering and technology
corporation with 2006 net sales of approximately EUR5 billion.
Its 26,000 employees in more than 50 countries serve customers
in the pulp and paper industry, rock and minerals processing,
the energy industry and selected other industries.

The company's principal production plants are located in Brazil,
China, Finland, France, Germany, India, Italy, South Africa,
Sweden, the United Kingdom, and the United States.

                        *    *    *

As of Feb. 9, 2007, Metso Oyj carries Standard & Poor's 'BB+'
long-term and 'B' short-term corporate credit ratings and 'BB'
senior unsecured debt rating.


===========
F R A N C E
===========


AEROFLEX INC: Moody's Lifts Senior Secured Credit Rating to Ba3
---------------------------------------------------------------
In connection with the closing of Aeroflex Incorporated's
leveraged buyout on Aug. 15, 2007, the capital structure of the
transaction was altered from what was previously advised by
Moody's.  The senior secured first lien revolver was downsized
to US$50 million from US$60 million.  The senior secured first
lien term loan was upsized by US$25 million, for a total term
loan amount of US$525 million, and transformed into two tranches
consisting of a US$400 million "first-out" tranche and US$125
million "first-loss" tranche.  The company cancelled the US$370
million senior subordinated notes and instead entered into a
US$225 million unrated senior unsecured bridge loan and a US$120
million senior subordinated PIK loan facility.  The preferred
equity contribution of US$372 million from the private equity
sponsors remains unchanged.

As discussed in the June 25, 2007 press release, the previously
assigned ratings were subject to review of final documentation
and no material change in the terms and conditions of the
transaction.  In light of the aforementioned capital structure
changes, Moody's has affirmed Aeroflex's B3 corporate family
rating, withdrew the rating on the senior secured first lien
term loan, upgraded the rating on the senior secured first lien
revolver to Ba3 from B1 and assigned a Ba3 rating to the first-
out senior secured term loan.  The one-notch upgrade of the
revolver and Ba3 rating assigned to the first-out term loan
tranche of the credit facility reflect the lower loss-given-
default point estimate (21% from 27%), the senior position of
this debt tranche in Aeroflex's capital structure, and the new
"first-out" feature which mandates that interest and principal
on the revolver and term loan be paid in full prior to the
"first-loss" senior secured term loan in a default scenario.
Moody's also assigned a B3 rating to the US$125 million "first-
loss" tranche of the credit facility.  All secured debt tranches
benefit from the same all-asset pledge and full guarantees of
existing and future wholly owned domestic subsidiaries.
Finally, Moody's withdrew the rating on the senior subordinated
notes and assigned a Caa2 rating to the US$120 million senior
subordinated PIK loan facility.  The outlook remains positive.

Approximately US$695 million of rated debt affected.

  These ratings were upgraded:

  -- US$50 Million Senior Secured First Lien Revolver due 2013
     to Ba3 (LGD-2, 21%) from B1 (LGD-2, 27%)

  The following ratings/assessments were assigned:

  -- US$400 Million (First-Out) Senior Secured Term Loan due
     2014 -- Ba3 (LGD-2, 21%)

  -- US$125 Million (First-Loss) Senior Secured Term Loan due
     2014 -- B3 (LGD-4, 56%)

  -- US$120 Million Senior Subordinated PIK Loan Facility due
     2015 -- Caa2 (LGD-6, 94%)

  The following ratings/assessments were withdrawn:

  -- US$500 Million Senior Secured First Lien Term Loan Revolver
     due 2014 -- B1 (LGD-2, 27%)

  -- US$370 Million Senior Subordinated Notes due 2017 - Caa2
     (LGD-5, 83%)

  The following ratings were affirmed:

  -- Corporate Family Rating -- B3

  -- Probability of Default Rating -- B3

  -- Speculative Grade Liquidity Rating -- SGL-2

Headquartered in Plainview, New York, Aeroflex Inc. is a
specialty provider of microelectronics and test and measurement
products to the aerospace, defense, wireless, broadband and
medical markets.  For the twelve months ended March 31, 2007,
revenues were US$577 million.  Aeroflex has offices in China,
France, Germany, and Argentina.

                        *     *     *

As reported in the Troubled Company Reporter-Latin America on
July 13, 2007, Standard & Poor's Ratings Services removed its
'B' corporate credit rating on Plainview, New York-based
Aeroflex Inc. from CreditWatch, where it was placed with
negative implications on May 30, 2007.  The 'B' corporate credit
rating is affirmed; the outlook is negative.  The rating action
follows a review of a revised buyout offer for the company from
a private equity consortium led by Veritas Capital.

"At the same time, we assigned our 'B+' bank loan rating and '2'
recovery rating to Aeroflex's proposed US$560 million first-lien
credit facilities, consisting of a $60 million revolving credit
and a US$500 million term loan," said Standard & Poor's credit
analyst Lucy Patricola.  The '2' recovery rating indicates that
lenders can expect substantial (70%-90%) recovery of principal
in the event of payment default.  The 'B+' rating is one notch
higher than the 'B' corporate credit rating on Aeroflex.  All
ratings are based on preliminary offering statements and are
subject to review upon final documentation.


GRAFTECH INT'L: June 30 Balance Sheet Upside-Down by US$8 Mln
-------------------------------------------------------------
Graftech International Ltd.'s consolidated balance sheet at
June 30, 2007, showed US$787.9 million in total assets and
US$795.9 million in total liabilities, resulting in an US$8
million total stockholders' deficit.

The company reported net income of US$62.4 million in the second
quarter ended June 30, 2007, an increase from the US$8.9 million
reported in the same period last year, mainly due to higher net
sales and the impact of a US$24 million gain on the sale of
assets in Italy.

Net sales rose to US$255.9 million from US$223.3 million.  Gross
profit increased 57 percent to US$93.9 million, as compared to
US$59.9 million in the second quarter of 2006.  Gross margin
improved nearly eight percentage points to 36.7%, after taking
into consideration a non-recurring charge in the second quarter
of  2006 associated with the closure of the carbon electrode
business.

Income from continuing operations before restructuring,
antitrust investigations and related lawsuits, impairment loss
on long-lived assets and other (income) expense, net, net of
tax, increased to US$41.9 million, versus US$13.7 million in the
second quarter of 2006.

Net cash provided by operating activities was US$36 million,
versus US$53 million in the second quarter of 2006.  Year-over-
year operating net cash was unfavorably impacted by a change in
working capital of US$19 million primarily associated with
higher cost inventory, approximately US$16 million in
performance-based incentive compensation pay outs associated
with 2006 operating results and approximately US$6 million in
cash taxes related to the sale of cathode operations in December
2006.

Partially offsetting this impact in the quarter was an US$8
million increase in the change of accounts receivable factoring.
Operating net cash in the second quarter 2006 included US$5
million in antitrust and US$3 million in restructuring payments.

Net debt was reduced by US$255 million year-over-year to
US$440 million.  Net debt excludes the unamortized bond premium
from its sale of US$150 million aggregate principal amount of
additional senior notes in May 2002 at a price of 104.5% of
principal amount.  GrafTech also excludes the fair value
adjustments for hedge instruments, which includes interest rate
swaps that have been marked-to-market and realized gains or
(losses) on interest rate swaps.

Craig Shular, chief executive officer of GrafTech, commented,
"Higher prices, good cost control and execution on productivity
initiatives have enabled the improvements in our financial
results.  In addition, GrafTech continues to delever, completing
the quarter with net debt of US$440 million, the lowest in our
company's history as a public company."

Interest expense was US$9.5 million in the 2007 second quarter,
as compared to US$12.1 million in the same period in 2006.  The
lower interest expense is a result of lower average borrowings
and a lower interest rate spread on the revolving credit
facility associated with an improved corporate credit rating.

Other income, net, was US$23.1 million in the second quarter
2007, as compared to US$1.6 million in the second quarter 2006.
The increase is largely due to the US$24 million gain on the
sale of certain assets in Italy, slightly offset by a charge of
US$3 million related to the cost associated with the redemption
of US$50 million of the company's Senior Notes in the second
quarter 2007.

Full-text copies of the company's consolidated financial
statements for the quarter ended June 30, 2007, are available
for free at http://researcharchives.com/t/s?230d

                         About GrafTech

Based in Parma, Ohio, GrafTech International Ltd. (NYSE: GTI) --
http://www.graftechaet.com/-- manufactures and provides high
quality synthetic and natural graphite and carbon based products
and technical and research and development services, with
customers in 80 countries engaged in the manufacture of steel,
automotive products and electronics.  The company manufactures
graphite electrodes, products essential to the production of
electric arc furnace steel.  The company also manufactures
thermal management, fuel cell and other specialty graphite and
carbon products for, and provide services to, the electronics,
power generation, semiconductor, transportation, petrochemical
and other metals markets.  GrafTech operates 11 state of the art
manufacturing facilities strategically located on four
continents.

The company has operations in China, France and Brazil.

                           *    *    *

As reported in the Troubled Company Reporter on May 14, 2007,
Standard & Poor's Ratings Services raised its corporate credit
rating on GrafTech International Ltd. to 'B+' from 'B'.  In
addition, S&P raised the rating on the company's US$215 million
senior secured revolving credit facility to 'BB-' from 'B+' and
affirmed the '1' recovery rating on the facility.  Also,
Standard & Poor's raised its rating on Graftech's convertible
notes to 'B-' from 'CCC+'.  Lastly, S&P affirmed the 'B-' rating
on GrafTech's US$550 million senior secured notes and assigned
them a '5' recovery rating.  S&P said the outlook is stable.


GRAFTECH INT'L: Better Cash Flow Cues Moody's to Revise Outlook
---------------------------------------------------------------
Moody's Investors Service has changed the ratings outlook for
GrafTech International Ltd. and GrafTech Finance, Inc. to
positive from negative as a result of improved cash flow
generation and anticipated strong business outlook for the
remainder of 2007 and 2008.  The speculative grade liquidity
rating was upgraded to SGL-1 from SGL-2.

Ratings affirmed for GrafTech International Ltd.:

  -- Corporate family rating, B1

  -- Probability of default rating, B1

  -- US$225 million 1.625% Gtd sr unsec conv debentures due
     2024, B2 (LGD4, 66%)

  -- Ratings changes for GrafTech International Ltd.:

  -- Speculative grade liquidity rating changed to SGL-1 from
     SGL-2

Ratings affirmed for GrafTech's special purpose financing
vehicle, GrafTech Finance, Inc.:

  -- US$215mm Gtd sr sec revolving credit facility due
     2010, Ba1 (LGD2, 11%)

  -- US$250mm 10.25% Gtd sr unsec global notes due 2012, B2
     (LGD4, 66%)

The positive outlook reflects GrafTech's improved margins,
positive free cash flow generation in each of the last five
quarters and debt reduction such that current credit metrics are
supportive of a higher rating.  The positive free cash flow in
2007 is largely due to GrafTech's success in achieving graphite
electrode selling prices that more than cover its substantial
increase in needle coke prices and energy costs as well as a
result of the divestiture of its lower margin cathodes business
in the fourth quarter of 2007.  The company typically sets its
graphite electrode prices annually and negotiates needle coke
prices with its suppliers on an annual basis, and as a result
Moody's expects the company to continue to enjoy attractive
operating margins in the second half of 2007.  The positive
outlook also reflects Moody's expectations that the company will
be able to offset higher energy and needle coke costs with price
increases in 2008 and that demand for graphite electrodes will
remain robust, supported by attractive steel industry
fundamentals.  Debt reduction has been achieved with free cash
flow as well as the proceeds from the sale of the company's
cathodes business (approximately US$135 million in gross
proceeds) and asset sales.

Continued strong performance by the company, supportive general
economic and industry conditions and the absence of any material
environmental issues or lawsuits could result in an upgrade of
the company's long-term debt ratings.  The loss given default
assessment on the company's senior secured revolving credit
facility due 2010 moved to LGD2 from LGD1, following the
reduction in unsecured debt below the revolver in the capital
structure.

The upgrade in the company's speculative grade liquidity rating
to SGL-1 from SGL-2, reflects the expectation for excellent
liquidity.  Positive free cash flow over the next twelve months
and an undrawn revolver (except for US$14.5 million in letters
of credit) support the company's liquidity.  Cash balances are
expected to be maintained at a low level as the company retires
debt with its excess cash.

                        About GrafTech

Based in Parma, Ohio, GrafTech International Ltd. (NYSE: GTI)
-- http://www.graftechaet.com/-- manufactures and provides high
quality synthetic and natural graphite and carbon based products
and technical and research and development services, with
customers in 80 countries engaged in the manufacture of steel,
automotive products and electronics.  The company manufactures
graphite electrodes, products essential to the production of
electric arc furnace steel.  The company also manufactures
thermal management, fuel cell and other specialty graphite and
carbon products for, and provide services to, the electronics,
power generation, semiconductor, transportation, petrochemical
and other metals markets.  GrafTech operates 11 state of the art
manufacturing facilities strategically located on four
continents.

The company has operations in China, France and Brazil.


LAZARD LTD: Opens Boston Office; Hires Messrs. Murray & Dolins
--------------------------------------------------------------
Lazard Ltd. is entering the Boston market, as part of its global
technology and North American Financial Advisory expansion.  The
firm has hired Michael Murray, Managing Director, and Mark
Dolins, Director, to lead the firm's activities for the new
Boston office.

Mr. Murray has joined the firm from Deutsche Bank, where he was
a Managing Director and co-head of the Technology Investment
Banking group in North America.  Mr. Dolins joined Lazard
recently from Cowen and Company, where he headed Software
Investment Banking.

"Boston is a major technology corridor and gives us a locally
based foothold into New England.  This move underscores our
strategy to expand our financial advisory business by sector and
geography," said Kenneth M. Jacobs, CEO of Lazard North America.
"Mike Murray and Mark Dolins have each built strong reputations
in investment banking and in the technology sector, and we
welcome them to Lazard's global technology team."

Mr. Murray joined Alex. Brown & Sons (later acquired by Deutsche
Bank) in Boston in 1994.  Prior to that he worked in the Lehman
Brothers Technology Investment Banking Group in New York.  Mr.
Murray earned a BA from Brown University and an MBA from Harvard
University.  Mr. Dolins spent the past eight years with Cowen
and Company in Boston, most recently heading the firm's Software
Investment Banking group.  He earned a BA from Denison
University and a JD from Duke University School of Law.

Over the past few months, Lazard has continued to invest in its
Financial Advisory business.  The firm recently acquired
Goldsmith Agio Helms, a U.S. middle-market advisory firm,
focused on advising U.S. mid-sized private companies.  The firm
also acquired Carnegie, Wylie & Company, Australia's leading
independent financial advisory firm, and announced plans to
acquire 50 percent of MBA Banco de Inversiones, extending
Lazard's reach across Central and South America.  In addition,
Lazard signed a cooperation agreement with Raiffeisen
Investment, the M&A advisory business for Austria's largest
banking group, strengthening its footprint across Russia,
Central and Eastern Europe.

Lazard Ltd. (NYSE:LAZ) -- http://www.lazard.com/-- is a
preeminent financial advisory and asset management firms that
operates from 32 cities across 16 countries in North America,
Europe, Asia, Australia and South America.  With origins dating
back to 1848, the firm provides advice on mergers and
acquisitions, restructuring and capital raising, well as asset
management services to corporations, partnerships, institutions,
governments, and individuals.  The company has locations in
Australia, Brazil, China, France, Germany, India, Japan, Korea
and Singapore.

The company reported total assets of US$2.6 billion, total
liabilities of US$2.8 billion, and minority interest at
US$55.7 million, resulting in a total stockholders' deficit of
US$206.8 million as of March 31, 2007.


=============
G E R M A N Y
=============


A. KIEPER GMBH: Claims Registration Period Ends Sept. 28
--------------------------------------------------------
Creditors of A. Kieper GmbH have until Sept. 28 to register
their claims with court-appointed insolvency manager Stefan
Conrads.

Creditors and other interested parties are encouraged to attend
the meeting at 10:25 a.m. on Oct. 12, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Wuppertal
         Meeting Hall A234
         Second Floor
         Eiland 2
         42103 Wuppertal
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Stefan Conrads
         Mankhauser Str. 7a
         42699 Solingen
         Germany
         Tel: 0212/22172-0
         Fax: 0212/22172-18

The District Court of Wuppertal opened bankruptcy proceedings
against A. Kieper GmbH on Aug. 31.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         A. Kieper GmbH
         Attn: Andreas Kieper, Manager
         Gruene Trift 52
         42327 Wuppertal
         Germany


ALBERTS COLLECTION: Claims Registration Period Ends Oct. 18
-----------------------------------------------------------
Creditors of Alberts Collection Design, Produktentwicklung GmbH
have until Oct. 18 to register their claims with court-appointed
insolvency manager Dr. Frank Kebekus.

Creditors and other interested parties are encouraged to attend
the meeting at 8:40 a.m. on Nov. 8, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Duesseldorf
         Meeting Hall A 341
         Fourth Floor
         Muehlenstrasse 34
         40213 Duesseldorf
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Frank Kebekus
         Carl-Theodor-Str. 1
         40213 Duesseldorf
         Germany

The District Court of Duesseldorf opened bankruptcy proceedings
against Alberts Collection Design, Produktentwicklung GmbH on
Aug. 30.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Alberts Collection Design, Produktentwicklung GmbH
         Suitbertusstrasse 87
         40223 Duesseldorf
         Germany

         Attn: Klaus Haack, Manager
         Tizianstrasse 20
         42719 Solingen
         Germany


BROCHIER VERWALTUNGS: Creditors Must Register Claims by Oct. 5
--------------------------------------------------------------
Creditors of Brochier Verwaltungs-GmbH have until Oct. 5 to
register their claims with court-appointed insolvency manager
Joachim Exner.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Nov. 13, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Nuremberg
         Meeting Hall 152/I
         Flaschenhofstr. 35
         Nuremberg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Joachim Exner
         Stahlstr. 17
         90411 Nuremberg
         Germany
         Tel: 0911/951285-0
         Fax: 0911/951285-10

The District Court of Nuremberg opened bankruptcy proceedings
against Brochier Verwaltungs-GmbH on Aug. 31.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Brochier Verwaltungs-GmbH
         Attn: Jonathan Shaw, Manager
         Marthastr. 16
         90482 Nuremberg
         Germany


CHRYSLER LLC: Names James E. Press Vice Chairman & President
------------------------------------------------------------
Chrysler LLC Chairman and CEO Robert Nardelli has disclosed the
appointment of James E. Press as vice chairman and president.

Mr. Press, who was president and chief operating officer of
Toyota Motors in North America Inc. and a director of the parent
company, will now be responsible for North American Sales,
International Sales, Global Marketing, Product Strategy, and
Service and Parts for Chrysler.

"Tom LaSorda and I are thrilled that one of the most successful
executives in the history of the auto industry has joined our
leadership team at the New Chrysler," said Mr. Nardelli.  "Our
top team now consists of a world-class ‘supply’ leader in Tom
and an equally world-class ‘demand’ leader in Jim."

"I’ve known Jim for many years and know that he will hit the
ground sprinting," said Mr. LaSorda. "I look forward to
partnering with him and Bob as part of the Office of the
Chairman."

Mr. Press joins Mr. LaSorda as a vice chairman and president,
reporting to Mr. Nardelli.  Mr. LaSorda’s responsibilities will
continue to include Manufacturing, Procurement and Supply,
Employee Relations and Global Business Development and
Alliances.

"I am grateful for the support and opportunities I received
during my three-plus decades at Toyota," said Mr. Press.  "I
relish this new opportunity with the Chrysler team to be a part
of the resurgence of a true American icon here and around the
world.  Part of my new responsibilities will be strengthening
and energizing the dealer body.  This is something I was
passionate about at Toyota and will be passionate about at
Chrysler."

Mr. Press joins Chrysler after 37 years with Toyota, where he
most recently served as the first non-Japanese president of
Toyota Motor North America Inc., responsible for sales,
engineering and the company’s 15 manufacturing plants with
41,000 employees in North America.  He was also the first non-
Japanese executive selected to the Board of Directors of Toyota
Motor Corporation.

During his tenure at Toyota, the company grew from an upstart
new company selling 100,000 vehicles per year to the second
largest auto company in the United States.

Mr. Press becomes a member of the Chrysler Board of Directors
and the Board of Managers of Cerberus Operations and Advisory
Co. (COAC), LLC.  Mr. Press joins Mr. LaSorda as vice chairman
of COAC.

                       About Chrysler LLC

Headquartered in Auburn Hills, Michigan, Chrysler LLC --
http://www.chrysler.com/-- offers cars and minivans, pick-up
trucks, sport utility vehicles, and vans under the Chrysler,
Jeep, and Dodge brand names.  It also sells parts and
accessories under the MOPAR brand.

The company has dealers worldwide, including Canada, Mexico,
U.S., Germany, France, U.K., Argentina, Brazil, Venezuela,
China, Japan and Australia.

Chrysler LLC is facing a difficult market environment in the
United States with excess inventory, non-competitive legacy
costs for employees and retirees, continuing high fuel prices
and a stronger shift in demand toward smaller vehicles.  At the
same time, key competitors have further increased margin and
volume pressures -- particularly on light trucks -- by making
significant price concessions.  In addition, increased interest
rates caused higher sales & marketing expenses.

                          *    *    *

The TCR-Europe reported on Aug. 8, 2007, that Moody's Investors
Service has affirmed Chrysler Automotive LLC's B3 Corporate
Family Rating, and the Caa1 (LGD4, 66) rating of the company's
US$2 billion senior secured, second lien term loan in connection
with Monday's closing of Daimler Chrysler AG's sale of a
majority interest of Chrysler Group to Cerberus Capital
Management LLC.


CONCORDIA BAUTRAGER: Claims Registration Ends Oct. 17
-----------------------------------------------------
Creditors of Concordia Bautrager GmbH have until Oct. 17 to
register their claims with court-appointed insolvency manager
Dr. Christoph Niering.

Creditors and other interested parties are encouraged to attend
the meeting at 11:50 a.m. on Nov. 7, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Cologne
         Meeting Hall 142
         First Floor
         Luxemburger Strasse 101
         50939 Cologne
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Christoph Niering
         Brabanter Str. 2
         50674 Cologne
         Germany
         Tel: 99 22 30-0
         Fax: +4922199223035

The District Court of Cologne opened bankruptcy proceedings
against Concordia Bautrager GmbH on Aug. 27.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Concordia Bautrager GmbH
         Oppenheimstr. 9
         50668 Cologne
         Germany


CRAZY GASTRO: Creditors’ Meeting Slated for September 27
--------------------------------------------------------
The court-appointed insolvency manager for Crazy Gastro GmbH,
Stefanie Luethje will present her first report on the Company's
insolvency proceedings at a creditors' meeting at 11:00 a.m. on
Sept. 27.

The meeting of creditors and other interested parties will be
held at:

         The District Court of Bremen
         Hall 115
         Ostertorstr. 25-31
         28195 Bremen
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 11:00 a.m. on Nov. 29 at the same venue.

Creditors have until Oct. 16 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Stefanie Luethje
         Ostertorsteinweg 74/75
         28203 Bremen
         Germany
         Tel: 792570
         Fax: 7925757
         E-mail: Luethje@oelb.de
         Web site: http://www.oelb.de/

The District Court of Bremen opened bankruptcy proceedings
against Crazy Gastro GmbH on Aug. 28.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Crazy Gastro GmbH
         Steinsetzer Str. 9
         28279 Bremen
         Germany

         Attn: Thomas Haase and Marlies Vogt, Managers
         Junkernhof 6
         28844 Weyhe-Leeste
         Germany


DAL GERUESTBAU: Claims Registration Period Ends Oct. 19
-------------------------------------------------------
Creditors of Dal Geruestbau GmbH have until Oct. 19 to register
their claims with court-appointed insolvency manager Dr. Petra
Mork.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Nov. 19, at which time the
insolvency manager will present her first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Dortmund
         Hall 3.201
         Second Floor
         Gerichtsplatz 1
         44135 Dortmund
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Petra Mork
         Arndtstr. 28
         44135 Dortmund
         Germany

The District Court of Dortmund opened bankruptcy proceedings
against Dal Geruestbau GmbH on Aug. 24.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Dal Geruestbau GmbH
         Attn: Hanife Dal, Manager
         Zum Pier 49
         44536 Luenen
         Germany


ELEKTRO P & P: Creditors Must Register Claims by October 8
----------------------------------------------------------
Creditors of Elektro P & P GmbH have until Oct. 8 to register
their claims with court-appointed insolvency manager Heiko Jaap.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on Nov. 14, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Rostock
         Hall 330
         Zochstrasse
         18057 Rostock
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Heiko Jaap
         Lange Strasse 1a
         18055 Rostock
         Germany

The District Court of Rostock opened bankruptcy proceedings
against Elektro P & P GmbH on Aug. 27.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Elektro P & P GmbH
         Attn: Peter Penski, Manager
         Ost-West-Strasse 5
         18147 Rostock
         Germany


ELEKTRO RUNTE: Claims Registration Period Ends Sept. 30
-------------------------------------------------------
Creditors of Elektro Runte GmbH have until Sept. 30 to register
their claims with court-appointed insolvency manager Manfred
Gottschalk.

Creditors and other interested parties are encouraged to attend
the meeting at 8:30 a.m. on Nov. 19, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Bochum
         Hall A 29
         Ground Floor
         Main Building
         Viktoriastrasse 14
         44787 Bochum
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Manfred Gottschalk
         Kirchender Dorfweg 14
         58313 Herdecke
         Germany

The District Court of Bochum opened bankruptcy proceedings
against Elektro Runte GmbH on Aug. 30.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Elektro Runte GmbH
         Attn: Erika Runte, Manager
         Kreisstrasse 10
         58453 Witten
         Germany


GEBRUEDER HUETING: Claims Registration Period Ends Sept. 27
-----------------------------------------------------------
Creditors of Gebrueder Hueting GmbH have until Sept. 27 to
register their claims with court-appointed insolvency manager
Peter C. Minuth.

Creditors and other interested parties are encouraged to attend
the meeting at 10:10 a.m. on Oct. 18, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Kleve
         Meeting Hall C 58
         Ground Floor
         Schlossberg 1
         47533 Kleve
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Peter C. Minuth
         Heinrich-Heine-Allee 20
         40213 Duesseldorf
         Germany
         Tel: 0211-49 22 40
         Fax: 0211-49 22 487

The District Court of Kleve opened bankruptcy proceedings
against Gebrueder Hueting GmbH on Aug. 22.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Gebrueder Hueting GmbH
         Empeler Strasse 116
         46459 Rees
         Germany

         Attn: Christoph Hueting, Manager
         Florastrasse 1
         46459 Rees
         Germany


GEBRUEDER WIESE: Claims Registration Period Ends Oct. 1
-------------------------------------------------------
Creditors of Gebrueder Wiese GmbH have until Oct. 1 to register
their claims with court-appointed insolvency manager Joerg
Nerlich.

Creditors and other interested parties are encouraged to attend
the meeting at 9:05 a.m. on Oct. 22, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Duesseldorf
         Meeting Hall A 388
         Third Floor
         Muehlenstrasse 34
         40213 Duesseldorf
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Joerg Nerlich
         Louise-Dumont-Str. 25
         40211 Duesseldorf
         Germany

The District Court of Duesseldorf opened bankruptcy proceedings
against Gebrueder Wiese GmbH on Aug. 31.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Gebrueder Wiese GmbH
         Dieselstrasse 36
         41352 Korschenbroich
         Germany


HBE HAMBURGER: Claims Registration Ends October 5
-------------------------------------------------
Creditors of HBE Hamburger Boden & Estrich GmbH have until
Oct. 5 to register their claims with court-appointed insolvency
manager Dr. Berthold Riering.

Creditors and other interested parties are encouraged to attend
the meeting at 10:10 a.m. on Nov. 7, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Hamburg
         Meeting Hall B 405
         Fourth Floor
         Sievkingplatz 1
         20355 Hamburg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Berthold Riering
         Osdorfer Landstrasse 230
         22549 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against HBE Hamburger Boden & Estrich GmbH on Aug. 28.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         HBE Hamburger Boden & Estrich GmbH
         Attn: Kamel Tlili, Manager
         Rotenhauser Strasse 12
         21109 Hamburg
         Germany


INDUSTRIEBEDACHUNGS GMBH: Claims Registration Ends October 30
-------------------------------------------------------------
Creditors of Industriebedachungs GmbH H. Guerlich have until
Oct. 30 to register their claims with court-appointed insolvency
manager Bernd Depping.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on Nov. 20, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Bielefeld
         Hall 4065
         Fourth Floor
         Gerichtstrasse 6
         33602 Bielefeld
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Bernd Depping
         Roonstr. 39
         33615 Bielefeld
         Germany

The District Court of Bielefeld opened bankruptcy proceedings
against Industriebedachungs GmbH H. Guerlich on Aug. 24.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Industriebedachungs GmbH H. Guerlich
         Attn: Heinz Guerlich, Manager
         Haartstr. 8
         33790 Halle
         Germany


INFINITI WHIRLPOOL: Claims Registration Ends October 15
-------------------------------------------------------
Creditors of INFINITI WHIRLPOOL GmbH have until Oct. 15 to
register their claims with court-appointed insolvency manager
Dr. Markus Schadler.

Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on Oct. 30, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Wuerzburg
         Hall 14/II
         Tiepolostr. 6
         Wuerzburg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Markus Schadler
         Hofstr. 3
         97070 Wuerzburg
         Germany
         Tel: 0931/45202951

The District Court of Wuerzburg opened bankruptcy proceedings
against INFINITI WHIRLPOOL GmbH on Aug. 28.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         INFINITI WHIRLPOOL GmbH
         Attn: Bernhard Nagle, Manager
         Fachhandel mit Wellnessprodukten
         Rudolf-Diesel-Str. 8
         97318 Kitzingen
         Germany


NATURSTEIN CENTER: Creditors Must Register Claims by October 5
--------------------------------------------------------------
Creditors of Naturstein Center Schwarzwald-Baar GmbH have until
Oct. 5 to register their claims with court-appointed insolvency
manager Thorsten Schleich.

Creditors and other interested parties are encouraged to attend
the meeting at 10:10 a.m. on Nov. 8, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Villingen-Schwenningen
         Hall 2
         Second Floor
         Niedere Str. 94
         78050 Villingen-Schwenningen
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Thorsten Schleich
         Max-Planck-Str. 11
         78052 Villingen-Schwenningen
         Germany

The District Court of Villingen-Schwenningen opened bankruptcy
proceedings against Naturstein Center Schwarzwald-Baar GmbH on
Aug. 30.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Naturstein Center Schwarzwald-Baar GmbH
         Attn: Uwe Vassbeck, Manager
         Neuer Markt 14
         78052 Villingen-Schwenningen
         Germany


NRG ENERGY: Executives Formulate Plans to Buy and Sell Stocks
-------------------------------------------------------------
David Crane, NRG Energy Inc.'s president and chief executive
officer and Robert Flexon, the company's executive vice
president and chief financial officer, and other senior NRG
executives, have established trading plans in accordance with
Rule 10b5-1 of the Securities Exchange Act.  Rule 10b5-1 permits
individuals who are not then in possession of material nonpublic
information to establish prearranged plans to buy or sell stock.

The rule allows individuals to buy or sell shares of stock at a
specific price in the future, regardless of any subsequent
material nonpublic information.

It is the viewpoint of the company that enabling prudent
financial planning is an essential component of management
retention.  In order to mitigate potential market concerns about
the timing of share transactions, the company has requested that
all of its Section 16 officers, including its CEO and CFO, who
elect to buy or sell NRG shares, do so pursuant to Rule 10b5-1
plans.

Under their individual plans, Mr. Crane and Mr. Flexon intend to
exercise a portion of their original grants, including vested
stock options, and sell the underlying net shares of NRG common
stock.

After completion of all of the sales contemplated by the
trading plans, both Mr. Crane and Mr. Flexon will continue to
hold ownership interests in NRG well in excess of the company's
current stock ownership guidelines.

A Fortune 500 company, NRG Energy, Inc. (NYSE: NRG) --
http://www.nrgenergy.com/-- owns and operates a diverse
portfolio of power-generating facilities, primarily in Texas and
the Northeast, South Central and West regions of the U.S.  Its
operations include baseload, intermediate, peaking, and
cogeneration and thermal energy production facilities.  NRG also
has ownership interests in generating facilities in Australia,
Germany and Brazil.

                          *     *     *

As reported in the Troubled Company Reporter on May 7, 2007,
Standard & Poor's Ratings Services raised its rating on NRG
Energy Inc.'s US$4.7 billion unsecured bonds to 'B' from 'B-'
and assigned its 'B-' rating to the proposed US$1 billion
delayed-draw term loan B at NRG Holdings Inc., a newly created
holding company that would own 100% of NRG's equity.  In
addition, Standard & Poor's affirmed the 'B+' corporate credit
rating on NRG and affirmed the 'BB-' rating on NRG's US$3.148
billion term loan B; the 'CCC+' rating on the company's
preferred stock, and the 'B-2' short-term rating.  The outlook
on all ratings is stable.


PLURIMA MOEBEL: Creditors Must Register Claims by October 19
------------------------------------------------------------
Creditors of Plurima Moebel Service GmbH have until Oct. 19 to
register their claims with court-appointed insolvency manager
Sven-Holger Undritz.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Nov. 9, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Detmold
         Meeting Room 12
         Ground Floor
         Gerichtsstr. 6
         32756 Detmold
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Sven-Holger Undritz
         Jungfernstieg 51
         20354 Hamburg
         Germany

The District Court of Detmold opened bankruptcy proceedings
against Plurima Moebel Service GmbH on Aug. 28.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Plurima Moebel Service GmbH
         Bahnhofstr. 22
         32816 Schieder-Schwalenberg
         Germany

         Attn: Wilfried Meier, Manager
         Lemgoer Str. 59
         32825 Blomberg
         Germany


PRINT PROFIS: Creditors Must Register Claims by October 22
----------------------------------------------------------
Creditors of Print Profis Muehlheim GmbH have until Oct. 22 to
register their claims with court-appointed insolvency manager
Hildegard A. Hoevel.

Creditors and other interested parties are encouraged to attend
the meeting at 10:50 a.m. on Nov. 12, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Offenbach am Main
         Hall 162N
         First Floor
         Kaiserstrasse 16-18
         63065 Offenbach am Main
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Hildegard A. Hoevel
         Raimundstrasse 98
         60320 Frankfurt am Main
         Germany
         Tel: 069-94 54 84 6 – 0
         Fax: 069-94 54 84 6 – 77
         Web site: http://ww.rahuc.de/

The District Court of Offenbach am Main opened bankruptcy
proceedings against Print Profis Muehlheim GmbH on Aug. 31.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Print Profis Muehlheim GmbH
         Attn: Oliver Peter Ruffi, Manager
         Otto-Hahn-Strasse 27-29
         63165 Muehlheim am Main
         Germany


PRO3 INNOVATIO: Claims Registration Period Ends Oct. 18
-------------------------------------------------------
Creditors of PRO3 INNOVATIO GmbH have until Oct. 18 to register
their claims with court-appointed insolvency manager Tatjana
Gotsch.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on Nov. 29, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Chemnitz
         Hall 28
         Fuerstenstrasse 21
         Chemnitz
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Tatjana Gotsch
         Buettenstr. 4
         08058 Zwickau
         Germany
         Tel: (0375) 818920
         Fax: (0375) 8189214
         E-mail: gotsch@zwickau-net.de

The District Court of Chemnitz opened bankruptcy proceedings
against PRO3 INNOVATIO GmbH on Aug. 31.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         PRO3 INNOVATIO GmbH
         Attn: Sieglinde Goller, Manger
         Gartenstr. 8
         08223 Falkenstein
         Germany


PWM GMBH: Creditors Must File Claims by October 10
--------------------------------------------------
Creditors of PWM GmbH Papier, Wellpappe, Maschinenhuelsen have
until Oct. 10 to register their claims with court-appointed
insolvency manager Michael Miersch.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on Nov. 22, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Rosenheim
         Hall 108
         Rosenheim
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Michael Miersch
         Kufsteiner Strasse 14/II
         83022 Rosenheim
         Germany

The District Court of Rosenheim opened bankruptcy proceedings
against PWM GmbH Papier, Wellpappe, Maschinenhuelsen on Aug. 31.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         PWM GmbH Papier, Wellpappe, Maschinenhuelsen
         Miesbacher Str. 34
         83620 Feldkirchen-Westerham
         Germany


RUEHL BAUUNTERNEHMEN: Claims Registration Ends Oct. 16
------------------------------------------------------
Creditors of Ruehl Bauunternehmen GmbH have until Oct. 16 to
register their claims with court-appointed insolvency manager
Lars Knipper.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on Nov. 27, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Reinbek
         Parkallee 6
         21465 Reinbek
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Lars Knipper
         Rothenbaumchaussee 3
         20148 Hamburg
         Germany

The District Court of Reinbek opened bankruptcy proceedings
against Ruehl Bauunternehmen GmbH on Aug. 28.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Ruehl Bauunternehmen GmbH
         Sandweg 23b
         21509 Glinde
         Germany


SBC-LOGISTIC GMBH: Creditors' Meeting Slated for September 11
-------------------------------------------------------------
The court-appointed insolvency manager for SBC-Logistic GmbH,
Udo Groener, will present his first report on the Company's
insolvency proceedings at a creditors' meeting at
10:00 a.m. on Sept. 11.

The meeting of creditors and other interested parties will be
held at:

         The District Court of Saarbruecken
         Area Hall 24
         Second Floor
         Branch Office Sulzbach
         Vopeliusstrasse 2
         66280 Sulzbach
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 8:45 a.m. on Oct. 30 at the same venue.

Creditors have until Oct. 9 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Udo Groener
         Faktoreistrasse 4
         66111 Saarbruecken
         Germany
         Tel: 0681/ 41010
         Fax: 0681/ 4101 276

The District Court of Saarbruecken opened bankruptcy proceedings
against SBC-Logistic GmbH on Aug. 29.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         SBC-Logistic GmbH
         Attn: Thomas Kritzner, Manager
         In der Kolling 4
         66450 Bexbach
         Germany


SCHIEDER-POLSTERMOEBEL: Claims Registration Ends Oct. 17
--------------------------------------------------------
Creditors of Schieder-Polstermoebel GmbH & Co. KG have until
Oct. 17 to register their claims with court-appointed insolvency
manager Dr. Sven-Holger Undritz.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Nov. 7, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Detmold
         Meeting Room 12
         Ground Floor
         Gerichtsstr. 6
         32756 Detmold
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Sven-Holger Undritz
         Jungfernstieg 51
         20354 Hamburg
         Germany

The District Court of Detmold opened bankruptcy proceedings
against Schieder-Polstermoebel GmbH & Co. KG on Aug. 28.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Schieder-Polstermoebel GmbH & Co. KG
         Weddigenufer 2
         32052 Herford
         Germany


SCHULDNERIN AC: Claims Registration Ends October 15
---------------------------------------------------
Creditors of Schuldnerin AC Autohaus Rhein-Nahe GmbH have until
Oct. 15 to register their claims with court-appointed insolvency
manager Thomas Illy.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Nov. 14, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Bingen am Rhein
         Hall 7
         Mainzer Strasse 52
         55411 Bingen am Rhein
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Thomas Illy
         Mainzer Strasse 36
         55411 Bingen am Rhein
         Germany
         Tel: 06721-185624
         Fax: 06721-185625

The District Court of Bingen am Rhein opened bankruptcy
proceedings against Schuldnerin AC Autohaus Rhein-Nahe GmbH on
Aug. 28.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Schuldnerin AC Autohaus Rhein-Nahe GmbH
         Schultheiss-Kollei-Str. 5
         55411 Bingen am Rhein
         Germany


SM ENERGIEERZEUGUNG: Claims Registration Ends October 19
--------------------------------------------------------
Creditors of SM Energieerzeugung GmbH & Co. KG have until
Oct. 19 to register their claims with court-appointed insolvency
manager Sven-Holger Undritz.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on Nov. 9, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Detmold
         Meeting Room 12
         Ground Floor
         Gerichtsstr. 6
         32756 Detmold
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Sven-Holger Undritz
         Jungfernstieg 51
         20354 Hamburg
         Germany

The District Court of Detmold opened bankruptcy proceedings
against SM Energieerzeugung GmbH & Co. KG on
Aug. 28.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         SM Energieerzeugung GmbH & Co. KG
         Bahnhofstr. 9
         32816 Schieder-Schwalenberg
         Germany

         Attn: Michael Nunne, Manager
         Im Niesetal 5 a
         32816 Schieder-Schwalenberg
         Germany


SOLO-ART METALL: Claims Registration Period Ends Oct. 17
--------------------------------------------------------
Creditors of SOLO-ART Metall- und Trockenbau GmbH have until
Oct. 17 to register their claims with court-appointed insolvency
manager Torben Ottmar Herbold.

Creditors and other interested parties are encouraged to attend
the meeting at 2:15 p.m. on Nov. 28, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Potsdam
         Hall 301
         Nebenstelle Lindenstrasse 6
         14467 Potsdam
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Torben Ottmar Herbold
         Haeckelstrasse 10
         39104 Magdeburg
         Germany

The District Court of Potsdam opened bankruptcy proceedings
against SOLO-ART Metall- und Trockenbau GmbH on Aug. 30.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         SOLO-ART Metall- und Trockenbau GmbH
         Domlinden 22
         14776 Brandenburg
         Germany


T K G WERKSTATTAUSRUESTUNG: Claims Registration Ends October 9
--------------------------------------------------------------
Creditors of T K G Werkstattausruestung & Service GmbH have
until Oct. 9 to register their claims with court-appointed
insolvency manager Frank Bassermann.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on Oct. 30, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Offenbach am Main
         Hall 166N
         First Floor
         Kaiserstrasse 16-18
         63065 Offenbach am Main
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Frank Bassermann
         Bleichstr. 2 - 4
         60313 Frankfurt am Main
         Germany
         Tel: 069/9130920
         Fax: 069/91309230

The District Court of Offenbach am Main opened bankruptcy
proceedings against T K G Werkstattausruestung & Service GmbH on
Aug. 28.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         T K G Werkstattausruestung & Service GmbH
         Attn: Peter Truetzschler, Manager
         Weissdornweg 8
         63110 Rodgau
         Germany


THIS & THAT: Creditors Must Register Claims by October 19
---------------------------------------------------------
Creditors of This & That Bodensee GmbH have until Oct. 19 to
register their claims with court-appointed insolvency manager
Andreas Elsasser.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Nov. 7, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Konstanz
         Hall 207
         Second Floor
         Untere Laube 12
         78462 Konstanz
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Andreas Elsasser
         Obere Laube 46
         78462 Konstanz
         Germany

The District Court of Konstanz opened bankruptcy proceedings
against This & That Bodensee GmbH on Aug. 31.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         This & That Bodensee GmbH
         Bahnhofstr. 18
         78462 Konstanz
         Germany

         Attn: Yurda Guel Henzel, Manager
         Seerobenstr. 26
         65195 Wiesbaden
         Germany


TREICHEL IMMOBILIEN: Claims Registration Ends Oct. 16
-----------------------------------------------------
Creditors of Treichel Immobilien Entwicklungsges mbH have until
Oct. 16 to register their claims with court-appointed insolvency
manager Berthold Brinkmann.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Nov. 27, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Reinbek
         Parkallee 6
         21465 Reinbek
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Berthold Brinkmann
         Sechslingspforte 2
         22087 Hamburg
         Germany

The District Court of Reinbek opened bankruptcy proceedings
against Treichel Immobilien Entwicklungsges mbH on Aug. 29.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Treichel Immobilien Entwicklungsges mbH
         Meiendorfer Amtsweg 10
         22145 Stapelfeld
         Germany


VIDEO CENTER: Creditors Must File Claims by October 10
------------------------------------------------------
Creditors of Video Center - Medienhandelsgesellschaft mbH have
until Oct. 10 to register their claims with court-appointed
insolvency manager Sebastian Laboga.

Creditors and other interested parties are encouraged to attend
the meeting at 9:40 a.m. on Nov. 21, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Potsdam
         Hall 301
         Third Floor
         Nebenstelle Lindenstrasse 6
         14467 Potsdam
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Sebastian Laboga
         Einemstrasse 24
         10785 Berlin
         Germany

The District Court of Postdam opened bankruptcy proceedings
against Video Center - Medienhandelsgesellschaft mbH on Aug. 30.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Video Center - Medienhandelsgesellschaft mbH
         Scheederstrasse 53
         15711 Koenigs
         Germany


=============
H U N G A R Y
=============


AES CORP: Regulator OKs Unit's Planned US$25MM Bond Issuance
------------------------------------------------------------
AES Corp. unit AES Andres has secured authorization for its
planned bond issuance of up to US$25 million from the Dominican
Republic's securities regulator Superintendency of Securities,
according to a statement by government information center CIG.

Regulator chief Haivanjoe Ng Cortinas told Business News
Americas that AES Andres will use bond proceeds to "optimize the
structure of its working capital."

AES has appointed BHD Valores to be the placing agent for the
18-month bonds to be issued in four tranches.  The bonds
received a BBB(dom) rating from Fitch and Feller Rate,
BNamericas states.

                     About AES Andres

Headquartered in the Dominican Republic, AES Andres is a unit of
The AES Corporation.  It operates a 319-megawatt gas-fired plant
35 kilometers east of Santo Domingo.

                      About AES Corp.

AES Corp. -- http://www.aes.com/-- is a global power company.
The company operates in South America, Europe, Africa, Asia and
the Caribbean countries.  Specifically, it also has operations
in India.  Generating 44,000 megawatts of electricity through
124 power facilities, the company delivers electricity through
15 distribution companies.  The company's Latin America business
group is comprised of generation plants and electric utilities
in Argentina, Brazil, Chile, Colombia, Dominican Republic, El
Salvador, Panama and Venezuela.

AES has been in Eastern Europe for over ten years, since it
acquired three power plants in Hungary in 1996.  Currently, AES
has two distribution companies in Ukraine, which serve 1.2
million customers and generation plants in the Czech Republic
and Hungary.  AES is also the leading company in biomass
conversion in Hungary, generating 37% of the nation's total
renewable generation in 2004.

                        *     *     *

On Oct. 20, 2006, Moody's Investors Service's downgraded its B1
Corporate Family Rating for AES Corporation in connection with
the implementation of its new Probability-of-Default and Loss-
given-default rating methodology.  Additionally, Moody's revised
its probability-of-default ratings and assigned loss-given-
default ratings on the company's loans and bond debt obligations
including the B1 rating on its senior unsecured notes 7.75% due
2014, which was also given an LGD4 loss-given default rating,
suggesting noteholders will experience a 55% loss in the event
of a default.

                        *     *     *

As reported on Aug. 23, 2007, Fitch Ratings affirmed AES
Corporation's Issuer Default Rating at 'B+', and assigned a
short-term IDR of 'B'.

Fitch also took these rating actions:

* AES
   -- Senior unsecured to 'BB/RR1' from 'BB/RR2'

* AES Trust III
   -- Trust preferred securities to 'B+/RR4' from 'B/RR5'.

* AES Trust VII
   -- Trust preferred securities to 'B+/RR4' from 'B/RR5'.

In addition, Fitch affirmed these ratings:

* AES
   -- Senior secured credit facility at 'BB+/RR1';
   -- Junior secured notes at 'BB+/RR1'.


AES CORP: Termoelectrica Shortlists Bid for Galati Thermal Plant
----------------------------------------------------------------
The AES Corp. has been included in Romanian state-run power firm
Termoelectrica's short list of bidders for its Galati thermal
power plant, Thomson Financial reports.

Termoelectrica told Thomson Financial that it short-listed six
bidders to become a strategic partner for the plant,
Termoelectrica said last week.

According to Thomson Financial, other bidders include:

          -- Czech utility CEZ,
          -- European energy production unit Eletrabel,
          -- Italian utility Enel,
          -- Gaz de France, and
          -- Italy's Edison.

The winning bidder will collaborate with Termoelectrica in
upgrading the 535-megawatt plant and possibly construct new
units in Galati, Thomson Financial states.

AES Corp. -- http://www.aes.com/-- is a global power company.
The company operates in South America, Europe, Africa, Asia and
the Caribbean countries.  Specifically, it also has operations
in India.  Generating 44,000 megawatts of electricity through
124 power facilities, the company delivers electricity through
15 distribution companies.  The company's Latin America business
group is comprised of generation plants and electric utilities
in Argentina, Brazil, Chile, Colombia, Dominican Republic, El
Salvador, Panama and Venezuela.

AES has been in Eastern Europe for over ten years, since it
acquired three power plants in Hungary in 1996.  Currently, AES
has two distribution companies in Ukraine, which serve 1.2
million customers and generation plants in the Czech Republic
and Hungary.  AES is also the leading company in biomass
conversion in Hungary, generating 37% of the nation's total
renewable generation in 2004.

                        *     *     *

On Oct. 20, 2006, Moody's Investors Service's downgraded its B1
Corporate Family Rating for AES Corporation in connection with
the implementation of its new Probability-of-Default and Loss-
given-default rating methodology.  Additionally, Moody's revised
its probability-of-default ratings and assigned loss-given-
default ratings on the company's loans and bond debt obligations
including the B1 rating on its senior unsecured notes 7.75% due
2014, which was also given an LGD4 loss-given default rating,
suggesting noteholders will experience a 55% loss in the event
of a default.

                        *     *     *

As reported on Aug. 23, 2007, Fitch Ratings affirmed AES
Corporation's Issuer Default Rating at 'B+', and assigned a
short-term IDR of 'B'.

Fitch also took these rating actions:

* AES
   -- Senior unsecured to 'BB/RR1' from 'BB/RR2'

* AES Trust III
   -- Trust preferred securities to 'B+/RR4' from 'B/RR5'.

* AES Trust VII
   -- Trust preferred securities to 'B+/RR4' from 'B/RR5'.

In addition, Fitch affirmed these ratings:

* AES
   -- Senior secured credit facility at 'BB+/RR1';
   -- Junior secured notes at 'BB+/RR1'.


AES CORP: Deutsche Bank Puts Buy Recommendation on Firm's Shares
----------------------------------------------------------------
Deutsche Bank Securities analysts have assigned a "buy" rating
on The AES Corporation's shares, Newratings.com reports.

According to Newratings.com, the target price for AES' shares
was set at US$25.

The analysts said in a research note that "there is limited
downside" to AES' share price, after the "recent downturn."

The analysts told Newratings.com that AES is ready to capitalize
on the developing huge power infrastructure needed in the
emerging and developed markets.

AES currently has expansion projects at or near sites where it
has a presence, which increases the probability of success,
Newratings.com states, citing Deutsche Bank Securities.

AES Corp. -- http://www.aes.com/-- is a global power company.
The company operates in South America, Europe, Africa, Asia and
the Caribbean countries.  Specifically, it also has operations
in India.  Generating 44,000 megawatts of electricity through
124 power facilities, the company delivers electricity through
15 distribution companies.  The company's Latin America business
group is comprised of generation plants and electric utilities
in Argentina, Brazil, Chile, Colombia, Dominican Republic, El
Salvador, Panama and Venezuela.

AES has been in Eastern Europe for over ten years, since it
acquired three power plants in Hungary in 1996.  Currently, AES
has two distribution companies in Ukraine, which serve 1.2
million customers and generation plants in the Czech Republic
and Hungary.  AES is also the leading company in biomass
conversion in Hungary, generating 37% of the nation's total
renewable generation in 2004.

                        *     *     *

On Oct. 20, 2006, Moody's Investors Service's downgraded its B1
Corporate Family Rating for AES Corporation in connection with
the implementation of its new Probability-of-Default and Loss-
given-default rating methodology.  Additionally, Moody's revised
its probability-of-default ratings and assigned loss-given-
default ratings on the company's loans and bond debt obligations
including the B1 rating on its senior unsecured notes 7.75% due
2014, which was also given an LGD4 loss-given default rating,
suggesting noteholders will experience a 55% loss in the event
of a default.

                        *     *     *

As reported on Aug. 23, 2007, Fitch Ratings affirmed AES
Corporation's Issuer Default Rating at 'B+', and assigned a
short-term IDR of 'B'.

Fitch also took these rating actions:

* AES
   -- Senior unsecured to 'BB/RR1' from 'BB/RR2'

* AES Trust III
   -- Trust preferred securities to 'B+/RR4' from 'B/RR5'.

* AES Trust VII
   -- Trust preferred securities to 'B+/RR4' from 'B/RR5'.

In addition, Fitch affirmed these ratings:

* AES
   -- Senior secured credit facility at 'BB+/RR1';
   -- Junior secured notes at 'BB+/RR1'.


SUN MICROSYSTEMS: Annual Stockholders' Meeting Set for Nov. 8
-------------------------------------------------------------
Sun Microsystems Inc. will be holding an annual stockholders'
meeting on Nov. 8, 2007, 10:00 a.m. Pacific Standard Time, at
Santa Clara Campus, 4030 George Sellon Circle, in Santa Clara,
California.

Among the matters to be voted upon by the stockholders in that
meeting is a one-for-four reverse split of the company's common
stock, which has been approved by the company's Board of
Directors.

Headquartered in Santa Clara, California, Sun Microsystems Inc.
(NASDAQ: SUNW) -- http://www.sun.com/-- provides network
computing infrastructure solutions that include computer
systems, data management, support services and client solutions
and educational services.  It sells networking solutions,
including products and services, in most major markets worldwide
through a combination of direct and indirect channels.

Sun Microsystems conducts business in 100 countries around the
globe, including Brazil, Argentina, India, Hungary, United
Kingdom, among others.

                         *     *     *

Sun Microsystems Inc. carries Moody's "Ba1" probability of
default and long-term corporate family ratings with a stable
outlook.  The  ratings were placed on Sept. 22, 2006, and
Sept. 22, 2005, respectively.

Sun Microsystems also carries Standard & Poor's "BB+" long-term
foreign and local issuer credit ratings, which were placed on
March 5, 2004, with a stable outlook.


=============
I R E L A N D
=============


GAP INC: Taps Sabrina Simmons as Acting Chief Financial Officer
---------------------------------------------------------------
Gap Inc.'s Chief Financial Officer Byron Pollitt, 56, has
decided to leave the company to pursue an opportunity in another
industry.  His last day in the position will be Sept. 14, 2007.

Sabrina Simmons, 44, currently senior vice president of
corporate finance and a six-year Gap Inc. finance veteran, is
being promoted to the newly-created position of executive vice
president of Gap Inc. finance and will serve as acting chief
financial officer.  Ms. Simmons will report directly to Glenn
Murphy, Gap Inc.'s chairman and chief executive officer.

"In behalf of all of us at Gap Inc., I want to thank Byron for
his tremendous contributions to our company," Mr. Murphy said.
"He played an integral role in restoring the company's financial
health and instilling the strong financial discipline across the
organization that exists today."

"I'm proud of what we've accomplished over the past five years
and the financial strength of the company," Mr. Pollitt said.
"I am confident the talented team at Gap Inc. will continue to
build on the progress that we've made.  I wish the company every
success in the future."

Ms. Simmons joined Gap Inc. in 2001 as vice president and
treasurer.  She currently has responsibility for all corporate
finance functions including controllership, corporate financial
planning and analysis, investor relations, treasury, tax,
corporate shared service center, and risk management.  In her
expanded role as executive vice president, Ms. Simmons will
serve on the company's Executive Leadership Team and will
oversee all business-related financial matters.

"For the past six years, Sabrina has been critical in bringing
financial discipline to Gap Inc., restoring the strength of the
company's balance sheet and returning cash to our shareholders,"
Mr. Murphy added.  "I look forward to working more closely with
her in the coming months and together, executing on our near-
term priorities to continue to enhance shareholder value."

                         About Gap Inc.

Gap Inc. (NYSE: GPS) -- http://www.gapinc.com/-- is an
international specialty retailer offering clothing, accessories
and personal care products for men, women, children and babies
under the Gap, Banana Republic, Old Navy, Forth & Towne and
Piperlime brand names.  Gap Inc. operates more than 3,100 stores
in the United States, the United Kingdom, Canada, France,
Ireland and Japan.  In addition, Gap Inc. is expanding its
international presence with franchise agreements for Gap and
Banana Republic inSoutheast Asia and the Middle East.

                           *   *   *

As reported in the Troubled Company Reporter on Jan. 10, 2007,
Fitch has downgraded its ratings on The Gap Inc.'s Issuer
Default Rating to 'BB+' from 'BBB-' and Senior unsecured notes
to 'BB+' from 'BBB-'.  The Rating Outlook is Negative.

As reported in the Troubled Company Reporter on Nov. 21, 2006,
Standard & Poor's Ratings Services lowered its corporate credit
and senior unsecured ratings on San Francisco-based The Gap Inc.
to 'BB+' from 'BBB-'.  S&P said the outlook is stable.


=========
I T A L Y
=========


FIAT SPA: Mulls Joint Bid w/ Tata for Ford Brands, Reports Say
--------------------------------------------------------------
Tata Motors Limited is in talks with Fiat SpA for a possible
tie-up in bidding for Ford Motor Co.'s Jaguar and Land Rover,
media reports say.

As reported by the Troubled Company Reporter-Asia Pacific on
July 27, 2007, Tata Motors has made it to the list of selected
bidders for final consideration in the race for Jaguar and
Land Rover.   The company, however, is facing fierce competition
from United States firms.  Other bidders include TPG Capital,
Ripplewood Holdings, One Equity Partners, Cerberus Capital
Management, and India's Mahindra & Mahindra.  Ford is expected
to ask for binding offers by September, and aims to complete the
sale by the end of the year.

AFX News Limited, citing Finanza e Mercati as source, Fiat is
prepared to join Tata Motors in a bid for Ford's two brands.
"Fiat will join Tata at a later stage and buy a minority stake,"
AFX quotes the daily.

Merrill Lynch analysts have evaluated Jaguar and Land Rover at
around US$1.5 billion but consultants are now estimating it to
cost between US$2 billion to US$3 billion.

Tata is being advised and financed on its bid by investment
banks Citi and JP Morgan, London's The Business relates.

                        About Tata Motors

India's largest automobile company, Tata Motors Limited --
http://www.tatamotors.com/-- is mainly engaged in the business
of automobile products consisting of all types of commercial and
passenger vehicles, including financing of the vehicles sold by
the Company.  The Company's operating segments consists of
Automotive and Others.  In addition to its automotive products,
it offers construction equipment, engineering solutions and
software operations.

Tata Motors has operations in Russia, and the United Kingdom.

                          *     *     *

Standard & Poor's Ratings Services, on July 13, 2007, assigned
its 'BB+' issue rating to the proposed US$490 million zero-
coupon convertible bonds of India's Tata Motors Ltd.
(BB+/Stable/--).  The bonds represent a direct, unsecured and
unsubordinated obligation of the company.  Proceeds from the
bonds will be used for capital expenditure, overseas
investments, acquisitions, and other general corporate purposes.

Moody's Investors Service, on July 26, 2005, gave Tata Motors
'Ba1' long-term corporate family and senior unsecured debt
ratings.


FIAT SPA: Quells Rumors on Joint Bid for Jaguar & Land Rover
------------------------------------------------------------
Fiat S.p.A. chairman Luca Cordero di Montezemolo denied reports
that the company is interested in taking a minority stake in
Ford Motor Co.'s British brands, AFX News Ltd. reports.

"We are not interested," Mr. Montezemolo was quoted by AFX News
as saying.

In a report by Russel Hotten and Ben Harrington for the
Telegraph, Fiat is said to be in talks with India's Tata Motors
for a joint bid for Jaguar and Land Rover.

Unnamed sources told the Telegraph that Tata and Fiat were
expected to have finalized any plans for a joint venture by mid-
October, where the second-round bids are due.

Analysts said there was strategic logic behind Fiat and Tata co-
operating on a bid for the two U.K. brands.  Motor industry
experts at Mediobanca believed that Tata could get valuable
synergies and technology from Land Rover, but Jaguar could be of
less importance to Tata, the Telegraph relates.

Fiat understands luxury brands and may see more potential for
Jaguar, Telegraph added.

                         About Fiat SpA

Headquartered in Turin, Italy, Fiat S.p.A. --
http://www.fiatgroup.com/-- manufactures and sells automobiles,
commercial vehicles, and agricultural and construction
equipment.  It also manufactures, for use by the company's
automotive sectors and for sale to third parties, other
automotive-related products and systems, principally power
trains (engines and transmissions), components, metallurgical
products and production systems.  Fiat's creditors include Banca
Intesa, Banca Monte dei Paschi di Siena, Banca Nazionale del
Lavoro, Capitalia, Sanpaolo IMI, and UniCredito Italiano.

Fiat operates in Argentina, Australia, Austria, Belgium, Brazil,
Bulgaria, China, Czech Republic, Denmark, France, Germany,
Greece, Hungary, India, Ireland, Italy, Japan, Lituania,
Netherlands, Poland, Portugal, Romania, Russia, Singapore,
Spain, among others.

                            *   *   *

As reported in the TCR-Europe on Aug. 24, 2007, Moody's
Investors Service upgraded to Ba1 from Ba2 Fiat SpA's
Corporate Family Rating, and the group's other long-term senior
unsecured ratings.

At the same time, the positive outlook on all long-term ratings
was maintained.  The short term Not Prime rating remains
unchanged.

Standard & Poor's give Long-Term Foreign and Local Issuer Credit
Ratings of BB+ for Fiat.  Its Short-term Foreign and Local
Issuer Credit Ratings are at B with Positive Outlook.

Dominion Bond Rating Service gives Fiat a Long-term Issuer
Rating of BB with Positive Outlook.


===================
K A Z A K H S T A N
===================


AGRO STILL: Proof of Claim Deadline Slated for Oct. 12
------------------------------------------------------
LLP Agro Still Trading has declared insolvency.  Creditors have
until Oct. 12 to submit written proofs of claims to:

         LLP Agro Still Trading
         Office 402
         Furmanov Str. 65
         Almaty
         Kazakhstan


AKRUS LLP: Creditors Must File Claims Oct. 16
---------------------------------------------
The Specialized Inter-Regional Economic Court of Mangistau has
declared LLP Akrus insolvent.

Creditors have until Oct. 16 to submit written proofs of claims
to:

         The Specialized Inter-Regional
         Economic Court of Mangistau
         Micro District 28, 25-12
         Aktau
         Mangistau
         Kazakhstan
         Tel: 8 (3292) 40-31-47


BELGIBAI LLP: Claims Filing Period Ends Oct. 16
-----------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP Belgibai insolvent.

Creditors have until Oct. 16 to submit written proofs of claims
to:

         The Specialized Inter-Regional
         Economic Court of Almaty
         Yntymak Str. 13
         Utenai
         Taldykorgan
         Almaty
         Kazakhstan
         Tel: 8 777 214 52-28


EKUSBI LLP: Creditors' Claims Due on Oct. 12
--------------------------------------------
The Specialized Inter-Regional Economic Court of Mangistau has
declared LLP Ekusbi insolvent.

Creditors have until Oct. 12 to submit written proofs of claims
to:

         The Specialized Inter-Regional
         Economic Court of Mangistau
         Kazakhstan
         Tel: 8 (3292) 50-97-23


NAURYZ TRADE: Claims Registration Ends Oct. 17
----------------------------------------------
The Specialized Inter-Regional Economic Court of Aktube has
declared LLP Nauryz Trade insolvent.

Creditors have until Oct. 17 to submit written proofs of claims
to:

         The Specialized Inter-Regional
         Economic Court of Aktube
         Altynsarin Str. 31
         Aktobe
         Aktube
         Kazakhstan
         Tel: 8 (3132) 21-30-32


NURAYIM LLP: Creditors Must File Claims Oct. 17
-----------------------------------------------
The Specialized Inter-Regional Economic Court of Aktube has
declared LLP Nurayim insolvent.

Creditors have until Oct. 17 to submit written proofs of claims
to:

         The Specialized Inter-Regional
         Economic Court of Aktube
         Altynsarin Str. 31
         Aktobe
         Aktube
         Kazakhstan
         Tel: 8 (3132) 21-30-32


TAYBURYL LLP: Claims Filing Period Ends Oct. 16
-----------------------------------------------
The Specialized Inter-Regional Economic Court of West Kazakhstan
has declared LLP Tayburyl insolvent.

Creditors have until Oct. 16 to submit written proofs of claims
to:

         The Specialized Inter-Regional
         Economic Court of West Kazakhstan
         Sarayshyk Str. 19-92
         Uralsk
         West Kazakhstan
         Kazakhstan
         Tel: 8 (3112) 50-02-73


UG-SPETSTECHNICA LLP: Creditors' Claims Due on Oct. 16
------------------------------------------------------
The Specialized Inter-Regional Economic Court of South
Kazakhstan has declared LLP Ug-Spetstechnica insolvent.

Creditors have until Oct. 16 to submit written proofs of claims
to:

         The Specialized Inter-Regional
         Economic Court of South Kazakhstan
         Ilyaev Str. 24
         Shymkent
         South Kazakhstan
         Kazakhstan
         Tel: 8 (3252) 53-48-34


===================
K Y R G Y Z S T A N
===================


BUILDING UNIVERSAL: Creditors Must File Claims by October 12
------------------------------------------------------------
Joint Kyrgyz-Belorussian LLC Building Universal in the Kyrgyz
Republic has declared insolvency.

Creditors have until Oct. 12 to submit written proofs of claim
to:

         LLC Building Universal
         Kulatov Str. 14
         Bishkek
         Kyrgyzstan


=========
M A L T A
=========


ISOFT GROUP: Providing Laboratory IT Systems to Malta Hospital
--------------------------------------------------------------
iSOFT Group plc has been appointed as sub-contractor to
Affiliated Computer Services, Inc. to provide and support
laboratory information systems at Malta's largest hospital, the
new 850-bed Mater Dei Hospital.  Malta Information Technology
and Training Services has also extended its 12-year relationship
with iSOFT for an upgrade of the current patient administration
system.

The seven-year contract with ACS Healthcare Solutions includes
iSOFT's laboratory information system (i.Laboratory), which will
be installed as part of a program to improve the management of
health records and integrate state-of-the-art digital medical
equipment.

"With i.Laboratory, we will deliver an integrated, multi-
disciplinary solution to track orders, samples and results from
microbiology, pathology, biochemistry and transfusion services.
It is a well-established solution that is proven at 150 U.K.
hospitals," Charles Bracken, managing director, ACS Healthcare
Solutions, said.

Dallas, Texas-based ACS has a seven-year contract with the
Government of Malta to improve the efficiency of delivery of
healthcare and recording of patient information.  It is
providing hardware, software and expertise needed to maintain a
laboratory information system, radiology information system, and
picture archiving and communications system.  The company will
integrate these systems with the Mater Dei's existing systems.
iSOFT has also renewed its existing contract in Malta, which was
signed with MITTS in January 2004.  This is for order
communications at the new Mater Dei Hospital and will enable
laboratory tests and x-rays to be ordered online and the results
viewed in real time as part of the medical record.

                          About iSOFT

Headquartered in Manchester, United Kingdom, iSOFT Group plc
-- http://www.isoftplc.com/-- supplies advanced medical
software applications for the healthcare sector.  Its products
are used by more than 8,000 organizations in 27 countries for
managing patient information and driving improvements in
healthcare services.  In international markets, the group has a
strong presence in the Asia-Pacific, including Singapore and
India.

                            *   *   *

In June 2006 iSOFT revealed a change in accounting policy for
revenue recognition, as a consequence of which it became
necessary to review and restate revenues in prior years.
Arising out of that review a number of possible accounting
irregularities came to light in which it appears that some
revenues reported in the financial years ended April 30, 2004
and 2005 may have been recognized earlier than they should have
been.

On July 20, 2006 the Group engaged its auditors, Deloitte &
Touche LLP, to conduct a formal initial investigation into these
possible irregularities.  In August 2006 it was confirmed that
there were indeed matters that needed further investigation and
we handed over relevant documents to the Financial Services
Authority (FSA), which is now conducting that investigation.
The Group is working closely and cooperatively with the FSA in
order to complete the investigation as quickly as possible.

On Oct. 25, 2006 the Accountancy Investigation and Discipline
Board (AIDB) announced that it will conduct its own
investigation.  The AIDB investigation is a review of the
conduct of those members of accountancy bodies that are
regulated by the AIDB who were executive or non-executive
directors of iSOFT during the relevant periods, and RSM Robson
Rhodes LLP, iSOFT's auditor for the financial years ended April
30, 2003, 2004 and 2005.

All current executive directors of iSOFT who are members of
those accountancy bodies were appointed after the dates under
investigation, as was the non-executive director who is
currently chairman of the audit committee.  The initial
investigation into possible accounting irregularities conducted
by Deloitte & Touche LLP in July and August 2006 did not uncover
evidence that any of the current non-executive directors had any
knowledge of the irregularities.

At the present time the Group has no indication of when either
the FSA or the AIDB intend to conclude their investigations and
report.  On the basis of information that has come to light so
far, the directors consider that the restatement of revenues in
the financial statements for the year ended April 30, 2006
corrected, where appropriate, the impact of these particular
matters.  As the investigation is not yet concluded, it is not
possible for the Board to finally determine what implications,
if any, may arise from the conclusion of the investigations into
these matters.  Nevertheless they must be thoroughly
investigated and the Group will continue to cooperate with both
organizations.

                      Going Concern Doubt

At April 30, 2007, in preparing their cash flow projections,
iSOFT's directors recognize that there are material
uncertainties that may cast significant doubt on the Group's
ability to continue as a going concern.

The nature of the Group's business is such that there can be
considerable unpredictable variation and uncertainty regarding
the timing and margin on sales, the quantum and timing of cash
flows from new business activity and the achievement of
contractual milestones.  In addition, until the proposed
CompuGROUP transaction legally completes, the successful
completion of the transaction (including shareholder and court
approval) and ongoing willingness and ability of CompuGROUP to
provide financial support to the Group remain uncertainties.
Should the transaction not proceed, it would be necessary to
extend or renegotiate the Group's banking agreements beyond
their current expiry date of Nov. 14, 2007.


=====================
N E T H E R L A N D S
=====================


WEIGHT WATCHERS: Declares US$0.175 Per Share Quarterly Dividend
---------------------------------------------------------------
Weight Watchers International Inc.'s Board of Directors has
declared its quarterly cash dividend of US$0.175 per share,
which corresponds to an annual dividend rate of US$0.70 per
share.  This quarterly dividend will be payable on
Oct. 12, 2007, to shareholders of record at the close of
business on Sept. 28, 2007.

Headquartered in New York, U.S.A., Weight Watchers International
Inc. (NYSE: WTW) -- http://www.weightwatchersinternational.com/
-- provides weight management services, with a presence in 30
countries around the world, including Brazil, Netherlands, and
New Zealand.  The company serves its customers through Weight
Watchers branded products and services, including meetings
conducted by Weight Watchers International and its franchisees.

                       *     *     *

In August 2001, Moody's Investor Services placed Weight Watchers
International Inc.'s long term corporate family and bank loan
debt ratings at "Ba1".  These ratings hold to this date.


=============
R O M A N I A
=============


FREESCALE SEMICONDUCTOR: Names Henri Richard as Sr. Vice Pres.
--------------------------------------------------------------
Freescale Semiconductor has hired Henri Richard as its senior
vice president, chief sales and marketing officer.  Mr. Henri,
the former chief sales & marketing officer at AMD, brings thirty
years of experience in sales, marketing, services and business
development to Freescale.  His broad-based experience includes
the U.S., European and Asian markets; OEM, indirect and end-user
channels; and both hardware and software product segments.

"Henri is a respected veteran of our industry and I am glad he
has chosen to join the Freescale team," said Michel Mayer,
Freescale chairman and CEO.  "His expertise in developing
customer solutions will accelerate our growth initiatives and
build on Freescale's strong market position."

Prior to AMD, Mr. Henri held various leadership positions
including executive vice president of World Wide Operations for
WebGain; vice president sales & marketing, Worldwide
Distribution & E-business for IBM; and vice president EMEA
Strategic Accounts for Seagate Technology.  Henri received a
bachelor's degree in science and technology from Ecole Nationale
de Radiotechnique et Electronique Appliquee.

                       About Freescale

Based in Austin, Texas, Freescale Semiconductor, Inc. (NYSE:FSL)
(NYSE:FSL.B) -- http://www.freescale.com/-- designs and
manufactures embedded semiconductors for the automotive,
consumer, industrial, networking and wireless markets. Freescale
Semiconductor became a publicly traded company in July 2004.
The company has design, research and development, manufacturing
or sales operations in more than 30 countries.  In Latin
America, Freescale Semiconductor has operations in Argentina,
Brazil and Mexico.  In Europe, the company has operations in
Czech Republic, France, Germany, Ireland, Italy, Romania, Turkey
and the United Kingdom.  Revenues for the 12 months ended
March 31, 2007 were US$6.2 billion.

                        *     *     *

As reported in the TCR-Europe on May 28, 2007, Moody's Investors
Service affirmed these ratings of Freescale Semiconductor Inc.
and changed the outlook to negative: Ba3 corporate family
rating; Ba3 probability of default rating; B1 rating of
US$2.85 billion senior unsecured notes due 2014; B1 rating of
US$1.50 billion senior unsecured toggle notes due 2014; and B2
rating of US$1.60 billion senior subordinated unsecured notes
due 2016.


===========
R U S S I A
===========


ABINSKIY LLC: Creditors Must File Claims by Oct. 11
---------------------------------------------------
Creditors of LLC Tinned-Food Combine Abinskiy (TIN 2323016668,
OGRN 1022303382628) have until Oct. 11 to submit proofs of claim
to:

         A. Antonov
         Insolvency Manager
         Office 307
         Kolkhoznaya Str. 3
         350042 Krasnodar
         Russia

The Arbitration Court of Krasnodar commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A-32-1105/2007-1/17-B.

The Court is located at:

         The Arbitration Court of Krasnodar
         Krasnaya Str. 6
         Krasnodar
         Russia

The Debtor can be reached at:

         LLC Tinned-Food Combine Abinskiy
         Vokzalnaya Str., 37
         Abinsk
         Krasnodar
         Russia


CHULPAN LLC: Creditors Must File Claims by Oct. 11
--------------------------------------------------
Creditors of LLC Agricultural Company Chulpan have until Oct. 11
to submit proofs of claim to:

         N. Makhmutov
         Insolvency Manager
         Post User Box 112
         Kazan
         420049 Tatarstan
         Russia

The Arbitration Court of Tatarstan commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A65-16708/2006-SG4-31.

The Court is located at:

         The Arbitration Court of Tatarstan
         Room 12
         Floor 2
         Entrance 2
         Building 1
         Kremlin
         Kazan
         Tatarstan
         Russia

The Debtor can be reached at:

         LLC Agricultural Company Chulpan
         Oluyaz
         Mamadyshskiy
         422148 Tatarstan
         Russia


DALI CAPITAL: S&P Lifts Ratings to BB- on Collateral Upgrade
------------------------------------------------------------
Standard & Poor's Ratings Services raised its credit ratings to
'BB-' from 'B+' on both tranche 1 and 2 that comprise the RUB7
billion secured fixed-rate notes series 23, issued by Dali
Capital PLC.

This rating action is due to a change in the rating on the
underlying obligor that serves as collateral for the series 23
notes.


ECO-GROUP CJSC: Court Names V. Gilmanov as Insolvency Manager
-------------------------------------------------------------
The Arbitration Court of Chelyabinsk appointed V. Gilmanov as
Insolvency Manager for CJSC Eco-Group.  He can be reached at:

         V. Gilmanov
         Kirova Str. 118
         454091 Chelyabinsk
         Russia

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
A76-7426/2007-32-62.

The Court is located at:

         The Arbitration Court of Chelyabinsk
         Vorovskogo Str. 2
         454091 Chelyabinsk
         Russia

The Debtor can be reached at:

         CJSC Eco-Group
         Troitskiy Trakt 54
         Chelyabinsk
         Russia


GELIOS LLC: Ryazan Bankruptcy Hearing Slated for Dec. 18
--------------------------------------------------------
The Arbitration Court of Ryazan will convene on Dec. 18 to hear
the bankruptcy supervision procedure on LLC Gelios.  The case is
docketed under Case No. A54-2446/2007-S20.

The Temporary Insolvency Manager is:

         Z. Danilova
         Post User Box 354
         101000 Moscow
         Russia

The Court is located at:

         The Arbitration Court of Ryazan
         Pochtovaya Str. 43/44
         Ryazan
         Russia

The Debtor can be reached at:

         LLC Gelios
         Lenina 49a
         390000 Ryazan
         Russia


HYNIX SEMICONDUCTOR: Abandons M8 Equipment Facilities Sell Off
--------------------------------------------------------------
Hynix Semiconductor abandoned its plan to sell its M8 200mm
wafer fabrication line in Cheong-ju, but now seeks to upgrade
the NAND flash line to boost its NAND capacity, The Korean Times
reports.

ET News recounts that the company decided to sell off all the
facilities of old M8 and M9 instead of expanding 300mm DRAM
lines and was in negotiation with international companies.

Hynix has been in talks with four potential buyers, including
Taiwanese foundry manufacturer, TSMC, to sell the other 200mm
NAND line, M9, in this year, The Times says.

A high-ranking Hynix official told Times that instead of selling
the 200mm NAND flash line they will increase the productivity of
memory chip capabilities since it will take at least three more
years to construct 300mm lines.

Kyu-ho Shim of ET News says that the company revised its
arrangement and concluded that it would sell off only M9 and M4
equipment.

                     About Hynix Semiconductor

Headquartered in Echon, South Korea, Hynix Semiconductor Inc.
-- http://www.hynix.com/-- is a semiconductor manufacturer.
Through a merger with LG Semiconductor in 1999, Hynix
Semiconductor now has the world's largest dynamic random access
memory chip production capacity as well as the industry's best
technical development capacity by fully exploiting synergies
resulting from the historical integration of both companies.

The company has operations in Russia, and the United States.

                          *     *     *

The Troubled Company Reporter-Asia Pacific reported on June 19,
2007, that Moody's Investors Service upgraded to Ba2 from Ba3
Hynix Semiconductor Inc's senior unsecured bond rating and
corporate family rating.

At the same time, Moody's assigned a Ba2 senior unsecured bond
rating for Hynix's proposed US$500 million issuance.  The
outlook for the ratings is stable.

On June 14, 2007, Standard & Poor's assigned its 'BB-' rating on
Hynix Semiconductor Inc.'s proposed US$500 million global bonds
maturing in 2017, which will replace the currently rated seven-
year notes issued in 2005.

The TCR-AP reported on June 14, 2007, that Fitch Ratings
assigned an expected rating of 'BB' to the proposed issue of
US$500 million senior unsecured notes due 2017 by Hynix
Semiconductor Inc.


MENDELEEVSK-AGRO-KHIM-REM-STROY: Claims Filing Due Oct. 11
----------------------------------------------------------
Creditors of OJSC Mendeleevsk-Agro-Khim-Rem-Stroy have until
Oct. 11 to submit proofs of claim to:

         M. Vasyakov
         Insolvency Manager
         Post User Box 272
         Elabuga
         423603 Tatarstan
         Russia

The Arbitration Court of Tatarstan commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A65-3333/2007-SG4-27.

The Court is located at:

         The Arbitration Court of Tatarstan
         Room 12
         Floor 2
         Entrance 2
         Building 1
         Kremlin
         Kazan
         Tatarstan
         Russia

The Debtor can be reached at:

         OJSC Mendeleevsk-Agro-Khim-Rem-Story
         Mendleevsk
         Tatarstan
         Russia


METSO CORP: Unit to Deliver Particleboard Equipment to Ugra-plit
----------------------------------------------------------------
Metso Panelboard, a part of Metso Corp.'s Metso Paper business
area, will deliver the equipment for a particleboard production
line to Ugra-plit PLC in Khanty-Mansiysk, Russia.  The parties
have agreed not to disclose the value of the order.  In general
the market value of these types of deliveries is in the range of
EUR20 million to EUR30 million.  The delivery is scheduled for
2008 and start-up for 2009.

The Metso scope of delivery will include all main equipment from
raw material preparation to storage of sanded board.  The
equipment for drying and continuous pressing will be delivered
by Siempelkamp GmbH & Co. KG.  Metso Panelboard will also supply
the plant engineering as well as installation and start-up
supervision.

The new production line will be installed at Ugra-plit's site in
Sovetskiy.  The new line is designed for an annual production
capacity of 150,000 cubic meters and is later expandable to
260,000 cubic meters.  The production will be based on sawmill
residues such as sawdust and chips.

Ugra-plit PLC, established in 2005, is fully owned by the
Department of Property of Khanty-Mansiysk Autonomous Region.
The investment is part of a forest industry development program
of the region.

                          About Metso

Headquartered in Helsinki, Finland, Metso Corp. aka Metso Oyj --
http://www.metso.com/-- is a global engineering and technology
corporation with 2006 net sales of approximately EUR5 billion.
Its 26,000 employees in more than 50 countries serve customers
in the pulp and paper industry, rock and minerals processing,
the energy industry and selected other industries.

The company's principal production plants are located in Brazil,
China, Finland, France, Germany, India, Italy, South Africa,
Sweden, the United Kingdom, and the United States.

                          *    *    *

As of Feb. 9, 2007, Metso Oyj carries Standard & Poor's 'BB+'
long-term and 'B' short-term corporate credit ratings and 'BB'
senior unsecured debt rating.


MILK OJSC: Court Names V. Letyagin as Insolvency Manager
--------------------------------------------------------
The Arbitration Court of Kirov appointed V. Letyagin as
Insolvency Manager for OJSC Milk.  He can be reached at:

         V. Letyagin
         Office 308
         Oktyabrskiy Pr. 104
         610017 Kirov
         Russia

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
A28-2098/00-59/3.

The Court is located at:

         The Arbitration Court of Kirov
         K-Libknekhta Str. 102
         610017 Kirov
         Russia

The Debtor can be reached at:

         V. Letyagin
         Office 308
         Oktyabrskiy Pr. 104
         610017 Kirov
         Russia


MINE KOKSOVAYA: Kemerovo Bankruptcy Hearing Slated for Dec. 13
--------------------------------------------------------------
The Arbitration Court of Kemerovo will convene at 2:30 p.m. on
Dec. 13 to hear the bankruptcy supervision procedure on LLC Mine
Koksovaya.  The case is docketed under Case No. A27-6018/2007-4.

The Temporary Insolvency Manager is:

         S. Kuklev
         Rudnichnaya Str. 6
         Prokopyevsk
         653000 Kemerovo
         Russia

The Court is located at:

         The Arbitration Court of Kemerovo
         Krasnaya Str. 8
         Kemerovo
         Russia

The Debtor can be reached at:

         LLC Mine Koksovaya
         Frunze Square 13
         Prokopyevsk
         653000 Kemerovo
         Russia


MINE ZENKOVSKAYA: Kemerovo Bankruptcy Hearing Slated for Dec. 13
----------------------------------------------------------------
The Arbitration Court of Kemerovo will convene at 2:00 p.m. on
Dec. 13 to hear the bankruptcy supervision procedure on LLC Mine
Zenkovskaya.  The case is docketed under Case No. A27-6017/
2007-4.

The Temporary Insolvency Manager is:

         S. Kuklev
         Rudnichnaya Str. 6
         Prokopyevsk
         653000 Kemerovo
         Russia

The Court is located at:

         The Arbitration Court of Kemerovo
         Krasnaya Str. 8
         Kemerovo
         Russia

The Debtor can be reached at:

         LLC Mine Zenkovskaya
         Truda Str. 117
         Prokopyevsk
         653017 Kemerovo
         Russia


NOYABRSK-OIL-GAS-STROY: Creditors Must File Claims by Oct. 11
-------------------------------------------------------------
Creditors of OJSC Noyabrsk-Oil-Gas-Story have until Oct. 11 to
submit proofs of claim to:

         M. Bitenbaev
         Insolvency Manager
         Post User Box 3073
         644070 Omsk
         Russia

The Arbitration Court of Yamalo-Nenetskiy commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A81-5501/2006.

The Court is located at:

         The Arbitration Court of Yamalo-Nenetskiy
         Chubynina Str. 37A
         Salekhard
         Yamalo-Nenetskiy
         Russia

The Debtor can be reached at:

         OJSC Noyabrsk-Oil-Gas-Story
         Panel 5
         Promzona
         Muravlenko
         Yamalo-Nenetskiy
         Russia


RODINA CJSC: Court Starts Bankruptcy Supervision Procedure
----------------------------------------------------------
The Arbitration Court of Samara commenced bankruptcy supervision
procedure on CJSC Rodina.  The case is docketed under Case No.
A55-5300/07.

The Temporary Insolvency Manager is:

         I. Madzhuga
         Temporary Insolvency Manager
         Office 40
         Br. Korostylevykh Str. 268
         Samara
         Russia

The Debtor can be reached at:

         CJSC Rodina
         Mosty
         Pestravskiy
         Samara
         Russia


STEPAN RAZIN: Court Names R. Sadykov as Insolvency Manager
----------------------------------------------------------
The Arbitration Court of Orenburg appointed R. Sadykov as
Insolvency Manager for CJSC Named After Stepan Razin (TIN
5601002315).  He can be reached at:

         R. Sadykov
         Shafieva Str. 10-84
         Ufa
         450083 Bashkortostan
         Russia

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
A47-1819/2007-14GK.

The Court is located at:

         The Arbitration Court of Orenburg
         9th January Str. 64
         460046 Orenburg
         Russia

The Debtor can be reached at:

         CJSC Named After Stepan Razin
         Stepankovka-1st
         Abdulinskiy
         461778 Orenburg
         Russia


STROY-KERAMIKA OJSC: Bidding Deadline Slated for Sept. 13
---------------------------------------------------------
LLC Stolichyj Project, the bidding organizer for OJSC Ruzaevskiy
Combine Stroy-Keramika, will set with a repeated sale for the
company's properties at 11:00 a.m. on Sept. 18 at:

         Room 206
         Stroitelnaya Str. 1
         Saransk
         Mordoviya
         Russia

The company has set a RUR3,471,300 starting price for the
auctioned assets.

Interested participants have until Sept. 13 to deposit an amount
equivalent to 10% of the starting price to:

         OJSC RUZAEVSKIY COMBINE STROY-KERAMIKA
         Settlement Account 40702810504600140910
         Correspondent Account 30101810100000000754
         BIK 048952754
         TIN 1324025430
         KPP 132401001
         Bank Vozrozhdenie (OJSC) (Saranskiy)
         Saransk
         Russia

Bidding documents must be submitted to:

         LLC Stolichyj Project
         Bidding Organizer
         Aleksandrovskoe Shosse 14
         Saransk
         43000 Mordoviya
         Russia

The Debtor can be reached at:

         OJSC Ruzaevskiy Combine Stroy-Keramika
         Stanislavskogo Str. 1
         Ruzaevka
         Mordoviya
         Russia


TITAN PETROCHEMICAL: Moody's Downgrades Corporate Rating to B2
--------------------------------------------------------------
Moody's Investors Service has downgraded the corporate family
rating of Titan Petrochemical Group Ltd from B1 to B2.  At the
same time, Titan's unsecured bond rating is also lowered to B3.
The outlook for both ratings is stable.

"The rating downgrade is driven by the increased execution risk
arising from the green field shipyard investment, in which Titan
has limited experience and has to develop sufficient skilled
resources to manage the development of such a business," says
Peter Choy, a Moody's Vice President and Senior Credit Officer,
adding, "The rating action also reflects the company's continued
weak very large crude carrier earnings, and the high execution
risk arising from its ongoing business restructuring and the
development of its onshore oil storage business in China."

"While the latest half year 2007 results were within
expectations, the projected large shipyard investment-related
capex will keep Titan's Adjusted Debt/EBITDAR high, at 5x to 6x,
which positions Titan more appropriately in the mid B range,"
says Choy.

"In addition, though progress in restructuring its business has
been made during 1H2007 -- involving an improved supply business
partly supported by increased storage capacity and the disposal
of the VLCC tankers, it is not sufficient to address concerns
about the execution risk of Titan's on-shore China business,"
concludes Choy.

The shipyard is about to deliver its first tanker to Titan, but
its product reliability is untested.  Moody's expects the
company will need to overcome many challenges, such as fund
raising, construction, branding, securing new contracts and
technologies.  Titan will also be exposed to high execution,
operational and financial risks on the shipyard investment.
While it has an order book of 22 vessels, mostly from group
companies, it will not have very meaningful EBITDA contribution
from the shipyard for the next 2 years.

The ratings outlook is stable, incorporating Moody's expectation
that Titan will be able to raise the necessary financing to
support its new investments in China and manage its business
expansion in a prudent manner.

Upward pressure on rating will be limited in the near future. In
the medium term, an upgrade could be considered if Titan:

    (1) further reduces its VLCC fleet through disposal and/or
        redeployment as floating storage units ("FSU");

    (2) completes its oil storage construction within budget and
        leases the majority of its oil storage in China for term
        contracts at reasonable prices;

    (3) completes its construction of the shipyard within budget
        and on time; and/or

    (4) improves its financial profile, such that key credit
        metrics are consistently maintained at Adjusted
        Debt/EBITDAR below 4x -5x.

On the other hand Titan's ratings could be subject to a further
downgrade if:

     (1) its interest in the onshore oil storage subsidiary
         falls below 50%;

     (2) it aggressively expands, especially with regard to its
         coastal tanker fleet, meaning higher capex and debt
         levels and weaker cash flow; and/or

     (3) it fails to reduce its VLCC fleet.

Any of these events could lead to sustained weakened credit
metrics as shown by Adjusted Debt/EBITDAR higher than 6x-7x and
EBITDAR/interest coverage below 1.5x -2x.

Titan Petrochemicals Group Ltd -- http://www.petrotitan.com/--
is an Asian integrated oil logistics, distribution and supply
services provider.  It was listed on the Hong Kong Stock
Exchange in 2002.  Headquartered in Hong Kong, its operations
are spread over Singapore, Malaysia and China. It also operates
in Russia and Panama.  It manages 25 tankers and has on-shore
storage facilities in Guangdong, Fujian and Shanghai.


TITAN PETROCHEMICALS: S&P Changes B+ Rating Outlook to Negative
---------------------------------------------------------------
Standard & Poor's Ratings Services on Sept. 4, 2007, revised the
outlook on the rating on Titan Petrochemicals Group Ltd. to
negative from stable.  At the same time, it affirmed both the
'B+' long-term corporate credit rating on Titan and the 'B'
issue rating on the company's US$400 million guaranteed senior
unsecured notes due 2012.

The outlook revision follows Titan's weak interim results and an
announced plan to acquire 100% of Titan Quanzhou Shipyard Ltd.
from Titan's controlling shareholders, Mr. Tsoi Tin Chun and
family.  Titan proposes to acquire TQSL for a total
consideration of US$170 million, of which US$56.9 million will
be paid in cash and the remainder by issuing new common shares
(75%) and three classes of non-voting convertible preferred
shares (25%) in Titan.

Mr. Tsoi and Titan have also agreed upon an earn-out structure,
whereby the conversion ratio of the preferred shares will be
revised down if the agreed profit before tax targets are not met
in 2008 (US$7.5 million), 2009 (US$20 million), and 2010 (US$50
million).

"The rating affirmations reflect our expectation that Titan's
existing businesses will continue to be affected by weak rates
for very large crude carriers [VLCC] and increasing bunkering
costs, which will lower the profit margins in its transportation
segment.

These weaknesses should be balanced by the benefits Titan
derives from diversifying into other businesses over the medium
to longer term," said Standard & Poor's credit analyst Lawrence
Lu.

Hong Kong-based Titan's main business focus, shipping
transportation, is highly volatile.  The acquisition of TSQL's
shipyard business would help to diversify Titan's revenue
stream, while the proposed earn-out structure would offer some
protection to minority shareholders.  However, as the shipyard
is still under construction, Titan will be exposed to
construction and execution risks.  The shipyard has a current
order book of 22 ships, which are predominantly orders from
Titan or entities affiliated with Mr. Tsoi.

Although some ships have already been chartered long-term to
third parties, we would like to see Titan demonstrate further
its ability to secure orders from third parties.  The shipyard
will require substantial capital expenditure over the next three
years, about 70% of which will likely be project financed.  This
will keep Titan's ratio of debt to capitalization high at more
than 70% over the next three years.

Titan's financial performance remains weak, as shown by its
results in the first half of 2007.  The results, which were
within our expectation, excluded one-off gains from the sale of
VLCCs. Titan's weak financial performance was mainly due to
declining prevailing VLCC rates and increased bunker costs.

The redeployment of the VLCC fleet led to a longer-than-expected
downtime for the vessels. The company's liquidity position,
however, strengthened following private equity firm Warburg
Pincus LLC's investment in the company in March 2007.  Titan
continues to diversify its business away from the volatile VLCC
transportation segment.  An increasing contribution from its
procurement and supply operations and its onshore storage
business should improve its financial performance over the near
to medium term.

Titan Petrochemicals Group Ltd -- http://www.petrotitan.com/--
is an Asian integrated oil logistics, distribution and supply
services provider.  It was listed on the Hong Kong Stock
Exchange in 2002.  Headquartered in Hong Kong, its operations
are spread over Singapore, Malaysia and China. It also operates
in Russia and Panama.  It manages 25 tankers and has on-shore
storage facilities in Guangdong, Fujian and Shanghai.


TSARITSA OJSC: Court Names A. Kharlanov as Insolvency Manager
-------------------------------------------------------------
The Arbitration Court of Volgograd appointed A. Kharlanov as
Insolvency Manager for OJSC Factory Tsaritsa (TIN 3445008095).
He can be reached at:

         A. Kharlanov
         Post User Box 1100
         400087 Volgograd
         Russia

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
A12-9762/07-s49.

The Debtor can be reached at:

         OJSC Factory Tsaritsa
         Kozlovskaya Str., 58
         400119 Volgograd
         Russia


ULAN-UDENSKIY BAKERY 1: Court Starts Bankruptcy Supervision
-----------------------------------------------------------
The Arbitration Court of Irkutsk commenced bankruptcy
supervision procedure on OJSC Ulan-Udenskiy Bakery 1 Tarayan
(TIN 0323042304 ).  The case is docketed under Case No.
A19-5217/07-38.

The Temporary Insolvency Manager is:

         K. Sobolev
         Temporary Insolvency Manager
         Dzerzhinskogo Str. 1
         Irkutsk
         Russia

The Court is located at:

         The Arbitration Court of Irkutsk
         Room 303
         Gagarina Avenue 70
         664025 Irkutsk
         Russia

The Debtor can be reached at:

         OJSC Ulan-Udenskiy Bakery 1 Tarayan
         Dzerzhinskogo Str. 1
         Irkutsk
         Russia


VETLUZHSKOE CJSC: Court Names B. Potashnik as Insolvency Manager
----------------------------------------------------------------
The Arbitration Court of Nizhniy Novgorod appointed B. Potashnik
as Insolvency Manager for CJSC Vetluzhskoe (TIN 5209004574).  He
can be reached at:

         B. Potashnik
         Post User Box 4201
         Nizhniy Novgorod
         Russia

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
A43-4933/2007, 27-138.

The Court is located at:

         The Arbitration Court of Nizhniy Novgorod
         Kremlin 9
         603082 Nizhniy Novgorod
         Russia

The Debtor can be reached at:

         CJSC Vetluzhskoe
         Kirova Str. 24
         Im.Kalinina
         Vetluzhskiy
         Nizhniy Novgorod
         Russia


VNESHPROMBANK: S&P Assigns Junk Ratings with Stable Outlook
-----------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'CCC' long- and
'C' short-term counterparty credit ratings to Russian Foreign
Economic Industrial Bank (Vneshprombank).  The outlook is
stable.  At the same time, the Russia national scale 'ruB+'
rating was assigned.

"The ratings reflect Vneshprombank's limited customer franchise
and distribution network, weak funding profile marked by high
single-party concentration, and rapid asset growth, said
Standard & Poor's credit analyst Eugene Tarzimanov.

Positive rating factors include the bank's progress in building
its loan portfolio, providing higher revenue diversification;
adequate capitalization; and the favorable business environment
in Russia's fast-growing economy.

At March 31, 2007, the bank had total assets of RUR7.5 billion.

"We expect that, in the medium term, the bank will retain its
current business profile, highlighted by short-term maturity of
assets and liabilities and high concentrations in deposits,"
said Mr. Tarzimanov.

Vneshprombank's intentions to develop its commercial banking
business need practical evidence, as does its ability to reduce
funding concentration and diversify its customer base.

An upgrade would depend on the bank's ability to demonstrate
sustainable expansion of its franchise, while maintaining
capitalization at decent levels, achieving notable
diversification in its funding sources, and strengthening risk
management.

A downgrade could result if Vneshprombank's capitalization comes
under severe pressure or its financial profile deteriorates.


=========
S P A I N
=========


ARVINMERITOR INC: Closes 13 Plants to Initiate Restructuring
------------------------------------------------------------
ArvinMeritor, Inc., is consolidating its three North American
ride control facilities into one, including the closure of its
Toronto, Ontario original equipment shock absorber operation,
and its Chickasha, Oklahoma packaging and distribution center.
The 700-person closure is part of a restructuring plan affecting
2,800 employees from 13 North American and European plants.

"The company must operate from a global manufacturing footprint
that optimizes capacity and reduces costs, while creating the
highest levels of service and value for our customers," Ed
Frutig, vice president and general manager, Chassis Systems,
said.  "Our site closures are in no way a reflection of our
dedicated workforce. Our talented and highly-skilled employees
have consistently delivered quality products for our customers."

A majority of the shock absorber production will be transferred
from Toronto to Queretaro, Mexico by June 2008, with an
anticipated closure by June 2009.  The Chickasha site will move
its packaging and distribution business to a U.S.-based third
party logistics company by April 2008.  Employees were advised
of the closure plans during a series of meetings on Sept. 7,
2007.  ArvinMeritor will offer severance and benefits packages
to affected employees.

                     About ArvinMeritor Inc.

Based in Troy, Michigan, ArvinMeritor Inc. (NYSE: ARM) --
http://www.arvinmeritor.com/-- supplies integrated systems,
modules and components serving light vehicle, commercial truck,
trailer and specialty original equipment manufacturers and
certain aftermarkets.  The company employs approximately 19,000
people in 25 countries.  These countries include: China, India,
Japan, Singapore, Thailand, Australia, Venezuela, Brazil,
Argentina, Belgium, Czech Republic, France, Germany, Hungary,
Italy, Netherlands, Spain, Sweden, Switzerland, United Kingdom,
among others.  ArvinMeritor common stock is traded on the New
York Stock Exchange under the ticker symbol ARM.

                         *     *     *

Moody's Investor Services rated B3 ArvinMeritor Inc.'s long term
corporate family and probability of default on January 2007.
Moody's said the outlook is stable.


===========
S W E D E N
===========


FLEXTRONICS INT'L: Solectron Stockholders Want To Vote on Merger
----------------------------------------------------------------
Flextronics International Ltd. disclosed that Solectron
Corporation's stockholders wish to make an election with respect
to the merger consideration to be received in the proposed
acquisition by Flextronics of Solectron must deliver a properly
completed election form to Computershare Shareholder Services,
Inc. by 5:00 p.m., New York City time, on Sept, 27, 2007 (the
Election Deadline).

Solectron stockholders who hold their shares through a bank,
broker or other nominee may have an election deadline earlier
than the Election Deadline.  These Solectron stockholders should
carefully review any materials they receive from their bank,
broker or other nominee to determine the election deadline
applicable to them.

Pursuant to the terms of the merger agreement, Solectron
stockholders are entitled to elect to receive either 0.3450 of a
Flextronics ordinary share or US$3.89 in cash, without interest,
for each share of Solectron common stock, subject to proration
as provided in the merger agreement.  Solectron stockholders who
do not make a timely election or fail to deliver a properly
completed election form to Computershare Shareholder Services,
Inc. by the Election Deadline will not be able to elect the form
of merger consideration they will receive in the merger.  These
non-electing stockholders will receive all cash, all Flextronics
ordinary shares or a combination of cash and Flextronics
ordinary shares according to the allocation rules set forth in
the merger agreement.

If, after submitting its election form, a Solectron stockholder
wishes to sell or otherwise transfer some or all of the shares
covered by its election, the stockholder will have to revoke its
election in order to deliver the shares to the purchaser or
other transferee.  Such revocation must be received by
Computershare Shareholder Services, Inc. prior to the Election
Deadline.  A Solectron stockholder may revoke its election and
submit a new election for shares it does not sell or otherwise
transfer.  Such election must be received by Computershare
Shareholder Services, Inc. prior to the Election Deadline.
Because a Solectron stockholder may revoke its election only
prior to the Election Deadline, after the Election Deadline and
prior to the effective time of the merger such stockholder will
not be able to sell or otherwise transfer shares for which an
election is effective as of the Election Deadline.

Beginning on Aug. 13, 2007, the required election forms and
accompanying instructions were mailed to Solectron stockholders
of record as of Aug. 6, 2007.  Solectron stockholders, including
those that acquired their shares after Aug. 6, 2007, may request
copies of these election documents by calling Innisfree M&A
Incorporated toll free from within the United States and Canada
at (877) 825-8971.  Solectron stockholders who hold their shares
through a bank, broker or other nominee should contact their
bank, broker or other nominee to obtain additional copies of the
election documents.

As provided by the merger agreement, exchangeable shares of
Solectron Global Services Canada Inc., other than exchangeable
shares owned by Solectron, any of its subsidiaries or their
affiliates, will be automatically exchanged for shares of
Solectron Corp. common stock, on a one-for-one basis, prior to
the effective time of the merger.  The merger agreement provides
that holders of exchangeable shares will be entitled to elect to
receive the same consideration in the merger, and to participate
directly in the merger, as a holder of shares of Solectron
common stock.  Therefore, for all purposes above, references to
Solectron stockholders are intended to also include holders of
exchangeable shares.

Both companies also announced that the companies have satisfied
merger control requirements in Canada, China, the European
Union, Mexico, Turkey, Ukraine and the United States. Merger
control notifications remain pending in Brazil and Singapore,
but neither affects the parties' ability to close the
transaction.

Thomas J. Smach, chief financial officer of Flextronics, stated,
"Assuming a successful shareholder vote for both companies,
which is scheduled for Sept. 27, 2007, we now expect to close
this transaction on Oct. 1, 2007."

                       About Solectron

Solectron Corporation -- http://www.solectron.com/-- is one of
the world's largest providers of complete product lifecycle
services. Solectron Corp. offers collaborative design and new
product introduction, supply chain management, Lean
manufacturing and aftermarket services such as product warranty
repair and end-of-life support to leading customers worldwide.
Solectron Corp. works with the world's premier providers of
networking, telecommunications, computing, storage, consumer,
automotive, industrial, medical, self-service automation and
aerospace and defense products.  The company's industry-leading
Lean Six Sigma methodology (Solectron Production System(TM))
provides OEMs with quality, flexibility, innovation and cost
benefits that improve competitive advantage.  Based in Milpitas,
California, Solectron Corp. operates in more than 20 countries
on five continents and had sales from continuing operations of
US$10.6 billion in fiscal 2006.

                     About Flextronics

Headquartered in Singapore Flextronics International Ltd.
(Nasdaq: FLEX) -- http://www.flextronics.com/-- is an
Electronics Manufacturing Services provider focused on
delivering complete design, engineering and manufacturing
services to automotive, computing, consumer digital, industrial,
infrastructure, medical and mobile OEMs.  Flextronics helps
customers design, build, ship, and service electronics products
through a network of facilities in over 30 countries on four
continents including Brazil, Mexico, Hungary, Sweden, United
Kingdom, among others.

                          *     *     *

Moody's Investor Services placed Flextronics Intenational's long
term corporate family and probability of default ratings at
"Ba1" in June 4, 2007.


=====================
S W I T Z E R L A N D
=====================


BEST BUSINESS: Creditors' Liquidation Claims Due September 14
-------------------------------------------------------------
Creditors of JSC Best Business Books have until Sept. 14 to
submit their claims to:

         Franz Ebner
         Liquidator
         Emil Staub-Strasse 2
         8708 Mannedorf
         Meilen ZH
         Switzerland

The Debtor can be reached at:

         JSC Best Business Books
         Mannedorf
         Meilen ZH
         Switzerland


BOSCH UND BUTZ: Creditors' Liquidation Claims Due September 14
--------------------------------------------------------------
Creditors of JSC Bosch und Butz Werbeagentur have until Sept. 14
to submit their claims to:

         Anton Hanggi
         Liquidator
         JSC Lowe
         Wengistrasse 1
         8004 Zurich
         Switzerland

The Debtor can be reached at:

         JSC Bosch und Butz Werbeagentur
         Zurich
         Switzerland


CHALET RESTAURANT: Creditors' Liquidation Claims Due Sept. 13
-------------------------------------------------------------
Creditors of LLC Chalet Restaurant Sagi have until Sept. 13 to
submit their claims to:

         Elisabeth Buhlmann
         Liquidator
         Gartenstrasse 14
         4528 Zuchwil
         Wasseramt SO
         Switzerland

The Debtor can be reached at:

         LLC Chalet Restaurant Sagi
         Aeschi b. Spiez
         Frutigen BE
         Switzerland


D’ ANDREA: Creditors' Liquidation Claims Due September 16
---------------------------------------------------------
Creditors of JSC D’Andrea have until Sept. 16 to submit their
claims to:

         Margrit Maurer
         Liquidator
         Chraenbachstrasse 6
         5621 Zufikon
         Bremgarten AG
         Switzerland

The Debtor can be reached at:

         JSC D’Andrea
         Luchsingen GL
         Switzerland


DAMENMODE BIM PARKLI: Creditors' Liquidation Claims Due Sept. 15
----------------------------------------------------------------
Creditors of JSC Damenmode bim Parkli have until Sept. 15 to
submit their claims to:

         Guy Gachter
         Liquidator
         Schwalbenweg 6
         9450 Altstatten
         Rheintal SG
         Switzerland

The Debtor can be reached at:

         JSC Damenmode bim Parkli
         St. Gallen
         Switzerland


DESOMED VERTRIEB: Creditors' Liquidation Claims Due September 14
----------------------------------------------------------------
Creditors of JSC Desomed Vertrieb have until Sept. 14 to submit
their claims to:

         JSC MBT Baumann Treuhand
         Liquidator
         Muhlemattstasse 25
         4104 Oberwil
         Switzerland

The Debtor can be reached at:

         JSC Desomed Vertrieb
         Munchenbuchsee
         Fraubrunnen BE
         Switzerland


ENDLESS CIRCLE: Zug Court Starts Bankruptcy Proceedings
-------------------------------------------------------
The Bankruptcy Court of Zug commenced bankruptcy proceedings
against LLC Endless Circle on Aug. 14.

The Bankruptcy Service of Zug can be reached at:

         Bankruptcy Service of Zug
         6300 Zug
         Switzerland

The Debtor can be reached at:

         LLC Endless Circle
         Gewerbestrasse 11
         6330 Cham ZG
         Switzerland


GEOKART JSC: Graubunden Court Closes Bankruptcy Proceedings
-----------------------------------------------------------
The Bankruptcy Service of Imboden in Graubunden entered Aug. 16
an order closing the bankruptcy proceedings of JSC Geokart.

The Bankruptcy Service of Imboden can be reached at:

         Bankruptcy Service of Imboden
         7014 Trin
         Imboden GR
         Switzerland

The Debtor can be reached at:

         JSC Geokart
         Floracenter
         7018 Flims
         Imboden GR
         Switzerland


HERCULES INC: Closes Dexter Chemical Business Buyout
----------------------------------------------------
Hercules Incorporated has completed the purchase of the
specialty surfactants business of Dexter Chemical L.L.C.  Under
terms of the agreement, Hercules Incorporated is acquiring the
business related to Dexter's product portfolio of phosphate
ester surfactants sold under the Strodex(R) and Dextrol(R)
trademarks.

Dexter is a leader in phosphate ester surfactants utilized in
paints and coatings where the products are used to enhance gloss
retention, promote surface wetting and improve color stability.

Products have also been recently developed and optimized for use
in low-VOC (volatile organic chemical) coatings formulations.
Commenting on the transaction, Craig Rogerson, President and
Chief Executive Officer of Hercules, said, "This business is an
excellent fit for Aqualon's Coatings Additives business.  It
will broaden Aqualon's existing portfolio of products for the
paint industry and strengthen its overall market position."

Headquartered in Wilmington, Delaware, Hercules Inc. (NYSE:HPC)
-- http://www.herc.com/-- manufactures and markets chemical
specialties globally for making a variety of products for home,
office and industrial markets.  The company has its regional
headquarters in China and Switzerland, and a production facility
in Brazil.

                          *     *     *

As reported in the Troubled Company Reporter on June 29, 2007,
Standard & Poor's Ratings Services revised its outlook on
Hercules Inc. to positive from stable and affirmed the existing
'BB' corporate credit rating.

S&P also raised the rating on the company's 6.6% notes due 2027
to 'BBB-' from 'BB' and assigned a '1' recovery rating,
reflecting our expectation of very high recovery in the event of
default and asset protection on par with the secured bank debt.

As reported in the Troubled Company Reporter on June 13, 2007,
Moody's Investors Service affirmed the corporate family Ba2
rating of Hercules, Inc. and changed the rating outlook to
positive from stable.


KOCHKUNST JSC: St. Gallen Court Starts Bankruptcy Proceedings
-------------------------------------------------------------
The Bankruptcy Court of St. Gallen commenced bankruptcy
proceedings against JSC Kochkunst on Aug. 7.

The Bankruptcy Service of St. Gallen can be reached at:

         Bankruptcy Service of St. Gallen
         Branch Kaltbrunn
         Heiner Scheuble
         8722 Kaltbrunn
         See-Gaster SG
         Switzerland

The Debtor can be reached at:

         JSC Kochkunst
         Zurcherstr. 28
         8730 Uznach
         See-Gaster SG
         Switzerland


NEZWERCH LLC: Creditors' Liquidation Claims Due September 14
------------------------------------------------------------
Creditors of LLC NEZWERCH have until Sept. 14 to submit their
claims to:

         Tobias Ammann
         Liquidator
         Augustinergasse 26
         9000 St. Gallen
         Switzerland

The Debtor can be reached at:

         LLC NEZWERCH
         St. Gallen
         Switzerland


NORDPLAST JSC: Creditors' Liquidation Claims Due September 17
-------------------------------------------------------------
Creditors of JSC Nordplast have until Sept. 17 to submit their
claims to:

         JSC Reves Treuhand
         Liquidator
         Baarerstrasse 79
         6300 Zug
         Switzerland

The Debtor can be reached at:

         JSC Nordplast
         Zug
         Switzerland


NOVELIS INC: Will Invest US$7 Million for Brazilian Plant
---------------------------------------------------------
Novelis Inc.'s Brazilian subsidiary told Business News Americas
that it will invest US$7.0 million to boost aluminum sheet ingot
output at its Pindamonhangaba plant in Sao Paulo.

Novelis said in a statement that the expansion project will
increase aluminum sheet production capacity by 12%.  It involves
the construction of a new furnace.  Work on the project would be
completed by February 2008.

The project will boost the plant's remelting capacity by 70,000
tons per year, BNamericas states.

Based in Atlanta, Georgia, Novelis Inc., (NYSE: NVL) (TSX: NVL)
-- http://www.novelis.com/-- is the global provider of aluminum
rolled products and aluminum can recycling.  The company
operates in 11 countries and has approximately 12,900 employees.
Novelis has the capability to provide its customers with a
regional supply of technologically sophisticated rolled aluminum
products throughout Asia, Europe, North America and South
America.  Through its advanced production capabilities,
the company supplies aluminum sheet and foil to the automotive
and transportation, beverage and food packaging, construction
and industrial, and printing markets.

Novelis South America operates two rolling plants and primary
production facilities in Brazil in the Latin American region.
Novelis also has operations in Germany, Switzerland and Korea.

                        *     *     *

As reported in the Troubled Company Reporter on Jun 26, 2007,
that Standard & Poor's Ratings Services assigned its 'BB' debt
rating, with a recovery rating of '2', to Novelis Inc.'s US$860
million secured term loan due 2014.  The '2' recovery rating
indicates an expectation of substantial (70%-90%) recovery in
the event of default.  Proceeds from the borrowings will be used
to refinance existing bank loans, which are being repaid in the
wake of the company's acquisition by Hindalco Industries Ltd.

The long-term corporate credit rating on Novelis is 'BB-'.  The
outlook is negative.  After giving effect to the proposed
refinancing, the company will have about US$2.9 billion of pro
forma fully adjusted debt at March 31, 2007.

On Feb. 16, 2007, Fitch Ratings placed the Issuer Default
Ratings or IDR of 'B' for Novelis Inc. and its subsidiary
Novelis Corp. on Rating Watch Negative. The company's senior
secured bank debt ratings and senior unsecured debt ratings that
were affirmed are:

Novelis Inc.

  -- Senior secured revolver and term loan at 'BB/
     Recovery Rating (RR) 1'; and

  -- Senior unsecured notes at 'B/RR4'.

Novelis, Corp.

  -- Senior secured revolver and term loan B at 'BB/RR1'.


POLARLICHT SKANDINAVISCHES: Liquidation Claims Due September 14
---------------------------------------------------------------
Creditors of LLC Polarlicht Skandinavisches Fachgeschaft have
until Sept. 14 to submit their claims to:

         C. Kohler
         Liquidator
         Hollbundtenstr. 13
         8964 Rudolfstetten
         Bremgarten AG
         Switzerland

The Debtor can be reached at:

         LLC Polarlicht Skandinavisches Fachgeschaft
         Rudolfstetten
         Bremgarten AG
         Switzerland


RISSE UND MAYER: Creditors' Liquidation Claims Due September 17
---------------------------------------------------------------
Creditors of LLC Risse und Mayer Architekten have until Sept. 17
to submit their claims to:

         Wienerbergstrasse 5
         9010 St.Gallen
         Switzerland

The Debtor can be reached at:

         LLC Risse und Mayer Architekten
         9010 St. Gallen
         Switzerland


RUDISUHLI, NANNY: Creditors' Liquidation Claims Due September 16
----------------------------------------------------------------
Creditors of JSC Rudisuhli, Nanny & Co. have until Sept. 16 to
submit their claims to:

         Hanes Rudisuhli
         Liquidator
         Tutilostr. 17c
         9011 St. Gallen
         Switzerland

The Debtor can be reached at:

         JSC Rudisuhli, Nanny & Co.
         Buhler AR
         Switzerland


SWINCOR JSC: Creditors' Liquidation Claims Due September 17
-----------------------------------------------------------
Creditors of JSC Swincor have until Sept. 17 to submit their
claims to:

         Urs Gunther
         Liquidator
         Wenger Plattner
         Goldbach-Center
         Seestrasse 39
         8700 Kusnacht ZH
         Switzerland

The Debtor can be reached at:

         JSC Swincor
         Kloten
         Bulach ZH
         Switzerland


===========
T U R K E Y
===========


FORD OTOSAN: Fitch Rates IDR at BB+ on Financial Results
--------------------------------------------------------
Fitch Ratings affirmed Turkey-based Ford Otosan's Long-term
local currency Issuer Default rating at 'BB+'.  The rating
Outlook remains Negative.

The rating action follows a review of FO's fiscal year 2006 and
first half of 2007 financial results.  Over fiscal year 2006, FO
maintained its market share and overall leadership in the
domestic market.  FO reported a 7.6% revenue growth on a Turkish
lira-basis and 4.4% volume growth in fiscal year 2006.  Despite
a gross margin contraction to 16.6% in fiscal year 2006 from
18.1% in fiscal year 2005, FO managed to improve its EBIT margin
to 10.1% in fiscal year 2006 from 9.3% in fiscal year 2005.  FO
also maintained a sound capital structure and healthy liquidity.
At end of first half of 2007, FO reported TRY514 million gross
debt and TRY223 million cash.  The debt maturity profile does
not impose a heavy debt service burden, with most of its debt
maturities spread over the 2010-2014 period.

The Negative Outlook continues to reflect the brand ownership by
FMC, as well as the shareholder relationship between FO and FMC
and the export sales network dependence on FMC.  Deterioration
of FMC's rating could negatively affect FO's rating due to FMC's
ownership and operational ties between the two companies.  Such
effect will be assessed on a case-by-case basis, and any future
rating or Outlook change in FMC would prompt a review of FO's
rating.

The current Long-term 'B' IDR of Ford Motor Company does not
have any direct and immediate impact on FO's financial profile
or its ability to continue its production and delivery
operations in Turkey.  However, FO's export sales, representing
55% of fiscal year 2006 and 68% of first half of 2007 revenues,
remain dependent on FMC's international distribution network in
Europe.

FMC and Koc Group of Turkey exercise joint control in FO with a
41% stake each, while the remaining 18% is quoted on the
Istanbul Stock Exchange.


=============
U K R A I N E
=============


BORISFEN-SOUTH LLC: Creditors Must File Claims by September 11
--------------------------------------------------------------
Creditors of LLC Borisfen-South (code EDRPOU 34314425) have
until Sept. 11 to submit their proofs of claim to:

         The Economic Court of Dnipropetrovsk
         Kujbishev Str. 1a
         49600 Dnipropetrovsk
         Ukraine

The Economic Court of Dnipropetrovsk commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. B 24/310-07.

The Debtor can be reached at:

         LLC Borisfen-South
         Volodarsky Str. 1 Apartment 2A
         49000 Dnipropetrovsk
         Ukraine


BRATSKOEAL AGRICULTURAL: Creditors Must File Claims by Sept. 11
---------------------------------------------------------------
Creditors of OJSC Bratskoeal Agricultural Chemistry (code EDRPOU
05490049) have until Sept. 11 to submit their proofs of claim
to:

         The Economic Court of Nikolaev
         Admiralskaya Str. 22
         54009 Nikolaev
         Ukraine

The Economic Court of Nikolaev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 10/633/06.

The Debtor can be reached at:

         OJSC Bratskoeal Agricultural Chemistry
         Promyshlennaya Str. 7
         Bratskoe
         Nikolaev
         Ukraine


ENEIDA LLC: Creditors Must File Claims by September 11
------------------------------------------------------
Creditors of LLC Edition House Eneida (code EDRPOU 31114104)
have until Sept. 11 to submit their proofs of claim to:

The Court is located at:

         The Economic Court of Kiev
         B. Hmelnitskij Boulevard 44-B
         01030 Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.

The Debtor can be reached at:

         LLC Edition House Eneida
         Office 409
         Artem Str. 21
         04053 Kiev
         Ukraine


GARANT LLC: Creditors Must File Claims by September 11
------------------------------------------------------
Creditors of Agricultural LLC Garant (code EDRPOU 31836115) have
until Sept. 11 to submit their proofs of claim to:

         The Economic Court of Donetsk
         Artema Str. 157
         83048 Donetsk
         Ukraine

The Economic Court of Donetsk commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 27/21B.

The Debtor can be reached at:

         Agricultural LLC Garant
         Artem str.
         Nikanorovka
         Dobropolye District
         85053 Donetsk
         Ukraine


KHMELNIKAL BUILDING: Creditors Must File Claims by September 11
---------------------------------------------------------------
Creditors of LLC Khmelnikal Building (code EDRPOU 31250694) have
until Sept. 11 to submit their proofs of claim to:

         The Economic Court of Vinnica
         Hmelnickiy Str. 7
         21036 Vinnica
         Ukraine

The Economic Court of Vinnica commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 10/186-07.

The Debtor can be reached at:

         LLC Khmelnikal Building
         I. Bogun Str. 85
         Khmelnik
         22000 Vinnica
         Ukraine


LAZUR CJSC: Claims Submission Deadline Set September 11
-------------------------------------------------------
Creditors CJSC Odessa Production-Trade Wollen Association Lazur
(code EDRPOU 00307000) of have until Sept. 11 to submit their
proofs of claim to:

         The Economic Court of Odessa
         Shevchenko Avenue 4
         65032 Odessa
         Ukraine

The Economic Court of Odessa commenced bankruptcy supervision
procedure on the company.  The case is docketed under Case No.
7-32/250-06-8565.

The Debtor can be reached at:

         CJSC Odessa Production-Trade Wollen Association Lazur
         Krasnoslobodskaya Str. 1
         65006 Odessa
         Ukraine


SVITTECH LLC: Creditors Must File Claims by September 11
--------------------------------------------------------
Creditors of LLC Svittech (code EDRPOU 32712643) have until
Sept. 11 to submit their proofs of claim to:

         The Economic Court of Lvov
         Lichakivska Str. 81
         79010 Lvov
         Ukraine

The Economic Court of Lvov commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 8/167.

The Debtor can be reached at:

         LLC Svittech
         V. Veliky Str. 51/113
         79053 Lvov
         Ukraine


TIVROVAL ENTERPRISEAL: Creditors Must File Claims by Sept. 11
-------------------------------------------------------------
Creditors of OJSC Tivroval Enterpriseal Agricultural Chemistry
(code EDRPOU 05487596) have until Sept. 11 to submit their
proofs of claim to:

         The Economic Court of Vinnica
         Hmelnickiy Str. 7
         21036 Vinnica
         Ukraine

The Economic Court of Vinnica commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 5/356-07.

The Debtor can be reached at:

         OJSC Tivroval Enterpriseal Agricultural Chemistry
         Zabuzhye Str. 7
         Tivrov
         Vinnica
         Ukraine


UKRAINIAN FERROUS: Creditors Must File Claims by September 11
-------------------------------------------------------------
Creditors of LLC Ukrainian Ferrous Materials Automatics (code
EDRPOU 23881011) have until Sept. 11 to submit their proofs of
claim to:

         The Economic Court of Zaporozhje
         Shaumiana Str. 4
         69001 Zaporozhje
         Ukraine

The Economic Court of Zaporozhje commenced bankruptcy
proceedings against the company after finding it insolvent. The
case is docketed under Case No. 19/191/07.

The Debtor can be reached at:

         LLC Ukrainian Ferrous Materials Automatics
         Kalibrov Str. 8-A
         69089 Zaporozhje
         Ukraine


UKRAINIAN STONE: Creditors Must File Claims by September 11
-----------------------------------------------------------
Creditors of LLC Ukrainian Stone (code EDRPOU 30976672) have
until Sept. 11 to submit their proofs of claim to:

         The Economic Court of Nikolaev
         Admiralskaya Str. 22
         54009 Nikolaev
         Ukraine

The Economic Court of Nikolaev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 14/272/05.

The Debtor can be reached at:

      LLC Ukrainian Stone
      Lagernoe pole, 5/6
      54030 Nikolaev
      Ukraine


===========================
U N I T E D   K I N G D O M
===========================


ANGEL ACCESS: Claims Filing Period Ends September 13
----------------------------------------------------
Creditors of Angel Access Ltd. have until Sept. 13 to send in
their full forenames and surnames, their addresses and
descriptions, full particulars of their debts and claims, and
names and addresses of their solicitors (if any) to:

         Steven P. Ross
         Joint Liquidator
         Tenon House
         Ferryboat Lane
         Sunderland
         Tyne and Wear
         SR5 3JN
         England

Steven Philip Ross and Ian William Kings of Tenon Recovery were
appointed joint liquidators of the company on Aug. 23 for the
creditors’ voluntary winding-up proceeding.


AXA INSURANCE: U.S. Court Grants Chapter 15 Petition
----------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
entered an order Aug. 15, 2007, recognizing the UK scheme
proceedings of Axa Insurance UK PLC, Ecclesiastical Insurance
Office Plc, GLOBAL General and Reinsurance Company Limited, and
MMA IARD Assurances Mutuelles as the foreign main proceedings
pursuant to Chapter 15 of the U.S. Bankruptcy Code.

The Debtors are subject to a scheme of arrangement proceeding in
the High Court of Justice of England and Wales.

Chapter 15, which became effective Oct. 17, 2005, broadens the
mechanism through which representatives of non-US proceedings
might obtain relief, including injunctive relief, in the United
States; expands the powers of US Bankruptcy Courts; and enhances
the rights of both US and non-US creditors.

The U.S. Court's decision has effectively stayed all other legal
proceedings that may be ongoing or commenced against the
Debtors.  It also protects the Debtors' assets within the United
States from any execution, transfer, encumbrance, and disposal.

                    Scheme of Arrangement

The Debtors had written reinsurance business in the London
market through a reinsurance pool that went into a run-off on
Nov. 1, 2002.

Reinsurance pools that enter into a run-off, typically completes
in 20 or more years, cease underwriting new business and seek to
determine, settle and pay all liquidated claims of their
insureds as they rise.  To shorten the run-off and reduce
administrative cost, the Debtors have each entered into a scheme
of arrangement under English Law.  The Schemes apply to all
business written by the companies within the pool.

On Feb. 28, 2007, the companies met with Scheme Creditors, after
being allowed by the UK High Court on Dec. 12, 2006.  The
High Court also confirmed that Philip Heitlinger has authority
to request recognition and a permanent injunction order under
Chapter 15 of the Bankruptcy Code on the December 12 order.

On July 9, 2007, the High Court sanctioned the Schemes, which
were voted in favor of by the requisite majorities of Scheme
Creditors.

Lawyers at Chadbourne & Parke LLP in New York City represent
the Foreign Representative in this case.

The jointly administered cases were filed on June 9, 2007
(Bankr. S.D. N.Y. Case Nos. 07-12110 and 07-12113).  The
Debtors' Chapter 15 filing has been reported in the Troubled
Company Reporter on July 11, 2007.


BARTLETT CATERING: Brings In Liquidators from UHY Hacker Young
--------------------------------------------------------------
Andrew Andronikou and Peter Alan Kubik of UHY Hacker Young were
appointed joint liquidators of Bartlett Catering Equipment Ltd.
(formerly Castleday Ltd.) on Aug. 14 for the creditors’
voluntary winding-up proceeding.

The joint liquidators can be reached at:

         UHY Hacker Young
         St. Alphage House
         2 Fore Street
         London
         EC2Y 5DH
         England


BRITISH AIRWAYS: Traffic Figures Up 5.3 Percent in August 2007
--------------------------------------------------------------
British Airways plc reported traffic and capacity statistics for
August 2007.

In August 2007, passenger capacity, measured in Available-Seat-
Kilometers, was 2.8 percent above August 2006.  Traffic,
measured in Revenue Passenger-Kilometers, was higher by 5.3
percent.  This resulted in a passenger load factor up 1.8 points
versus last year, to 80 per cent.  The increase in traffic
comprised a 13.6 percent increase in premium traffic and a 4.1
percent increase in non-premium traffic.

Cargo, measured in Cargo-Ton-Kilometers, rose by 3.9 percent.

As expected, August traffic was up significantly on last year
reflecting the weak base that was caused by 1,280 cancellations
in the week of Aug. 10-17 (largely in shorthaul) and new
security requirements, in particular restrictions for hand
baggage, that largely continue.  Premium traffic was
particularly affected due to the greater flexibility of these
tickets.

                       Market Conditions

Market conditions are broadly unchanged.  Point to point premium
travel continues strong and is offsetting weak transfer demand
as these passengers continue to avoid Heathrow.

                    Strategic Developments

British Airways welcomed the Competition Commission's update on
the BAA airports market study and reiterated that competition
between airports will improve customer service levels and lead
to more investment in new infrastructure.

The airline agreed to pay fines of GBP121.5 million to the U.K.
Office of Fair Trading and US$300 million (GBP145 million) to
the US Department of Justice for infringements of anti-
competitive laws relating to the company's longhaul passenger
and cargo business.   The sum is consistent with the guidance
and provision of GBP350 million BA made in its 2006/7 accounts.

British Airways and Elemis, the British spa and skincare brand,
announced a new five-year deal to manage the airline's five
airport lounge spas and the new flagship lounge at Terminal 5,
due to open in March 2008.

BA is offering savings of up to 50 percent on nearly 100
destinations worldwide in its autumn sale.  Promotional fares
include: Johannesburg from GBP469 (saving up to GBP273), New
York from GBP239 (saving up to GBP194) and Los Angeles from
GBP299 (saving up to GBP100).  Flights booked on some
destinations from the US can still benefit from a one-way
upgrade to World Traveller Plus from only GBP99.

There was no disruption to services as a result of the Camp for
Climate Action protests around Heathrow airport.

Headquartered in West Drayton, United Kingdom, British Airways
Plc -- http://www.ba.com/-- operates of international and
domestic scheduled and charter air services for the carriage of
passengers, freight and mail, and provides of ancillary
services.  The British Airways group consists of British Airways
Plc and a number of subsidiary companies including in particular

British Airways Holidays Ltd. and British Airways Travel
Shops Ltd.  BA has offices in India and Guatemala.

                         *     *     *

As reported in the TCR-Europe on Aug. 16, 2007, Moody's
Investors Service upgraded the senior unsecured rating
of British Airways plc to Ba1, one notch lower than the
Corporate Family Rating (upgraded to Baa3, stable outlook),
reflecting the subordination of unsecured debt to a substantial
portion of secured debt.

The debt instruments affected by the rating action are:

   -- GBP100 million 10.875% senior unsecured notes due 2008 to
      Ba1 from Ba2;

   -- GBP250 million 7.25% senior unsecured notes due 2016 to
      Ba1 from Ba2;

   -- US$115 million 5.25% and US$85 million 7.625% senior
      unsecured industrial revenue notes due 2032 to Ba1 from
      Ba2;

   -- EUR300 million 6.75% perpetual guaranteed preferred
      securities to Ba2 from Ba3 (issued by British Airways
      Finance (Jersey) L.P.).


BRITISH ENERGY: Carron Energy Eyes Eggborough Power Plant
---------------------------------------------------------
British Energy Group plc has received an approach from
independent power company Carron Energy for its Eggborough power
station, the Daily Telegraph reports.

According to the report, Carron Energy's approach, valued at
GBP500 million to GBP600 million, came after talks with British
Energy over acquiring a stake were put on hold last month.

The Daily Telegraph says Carron Energy wants to operate the
Eggborough power station, which could be worth as much as GBP1
billion to GBP1.5 billion.

The two companies are involved in a long-running dispute over
the future of the power plant, the Daily Telegraph relates.

Both companies, however, declined to comment.

In 2000, British Energy bought the Eggborough station for GBP640
million.  BE is currently in a legal battle with its
bondholders, who are seeking to sell their option to buy the
power plant in 2010 to a separate company after a rise in value,
Ben Harrington writes for the Daily Telegraph.

                     About British Energy

Headquartered in Livingston, Scotland, British Energy Group plc
-- http://www.british-energy.com/-- is the U.K.'s largest
producer of electricity.  With a workforce of about 6,000, it
produces around one-sixth of the nation's electricity.

                        *     *     *

As reported in the TCR-Europe on Sept. 5, 2007, Fitch Ratings
has affirmed British Energy Group plc's and British Energy
Holdings plc's Long-term Issuer Default Ratings at 'BB+'.  BEH's
amortizing bonds are also affirmed at 'BB'.  BEH's bonds are
rated below the Long-term IDR because, in the event of
insolvency, the bonds rank behind several other payments,
including amounts owed to the Nuclear Liabilities' Fund.  Fitch
said the Outlooks for BEG's and BEH's Long-term IDRs remain
Stable.

As of July 26, 2007, British Energy Group plc carries a long-
term corporate family rating of B2 from Moody's with a stable
outlook.

S&P rates British Energy's long-term foreign and local issuer
credit at BB+ with negative outlook.


COLLINS & AIKMAN: Selling Three Industrial Facilities
-----------------------------------------------------
Collins & Aikman Corp. is selling three industrial facilities
located in Manchester and New Baltimore, Michigan and Farmville,
North Carolina, consisting of:

   * Manchester, Michigan -- 185,000+/- SF manufacturing
     facility constructed of brick, block and steel situated on
     16+/- acres.  Built in 1968, this facility includes 11
     dock doors.

   * New Baltimore, Michigan -- 87,400+/- SF manufacturing
     facility consisting of block and metal panel construction,
     and situated on 7.5+/- acres.

   * Farmville, North Carolina -- 590,200+/- SF warehouse
     facility constructed of concrete and situated on 66+/-
     acres.  This facility includes 21 dock high doors and
     ceiling heights of 18' - 30'.

The company has retained Keen Realty, LLC and CB Richard Ellis,
Inc. to market and sell these industrial facilities.

"Interested parties are encouraged to act quickly," Mike Matlat,
Keen Realty's Vice President, said.  "These properties are prime
facilities that are conveniently located to Interstates and
major highways."

Established in 1982, Keen Realty specializes in selling excess
assets and restructuring real estate and lease portfolios for
companies in bankruptcy and/or restructuring.  Keen Realty has
had extensive experience solving complex problems and evaluating
and selling real estate, leases and businesses.  Keen Realty, a
leader in identifying strategic investors and partners for
businesses, has consulted with hundreds of clients nationwide,
and evaluated and disposed of more than 20,000 properties
containing nearly 2,000,000,000 sq. ft. across the country.

CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company
headquartered in Los Angeles, is a commercial real estate
services firm.  With over 24,000 employees, the company serves
real estate owners, investors and occupiers through more than
300 offices worldwide (excluding affiliate and partner offices).
CB Richard Ellis offers strategic advice and execution for
property sales and leasing; corporate services; property,
facilities and project management; mortgage banking; appraisal
and valuation; development services; investment management; and
research and consulting.

For more information regarding the sale of these properties,
contact:

     Keen Realty, LLC
     Attn: Mike Matlat
     60 Cutter Mill Road, Suite 214
     Great Neck, NY 11021
     Telephone: (516) 482-2700
     Fax: (516) 482-5764

Headquartered in Troy, Mich., Collins & Aikman Corporation --
http://www.collinsaikman.com/-- is a global leader in cockpit
modules and automotive floor and acoustic systems and is a
leading supplier of instrument panels, automotive fabric,
plastic-based trim, and convertible top systems.  The Company
has a workforce of approximately 23,000 and a network of more
than 100 technical centers, sales offices and manufacturing
sites in 17 countries throughout the world.

The Company and its debtor-affiliates filed for chapter 11
protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-
55927).  Richard M. Cieri, Esq., at Kirkland & Ellis LLP,
represents C&A in its restructuring.  Lazard Freres & Co., LLC,
provides the Debtors with investment banking services.  Michael
S. Stammer, Esq., at Akin Gump Strauss Hauer & Feld LLP,
represents the Official Committee of Unsecured Creditors
Committee.  When the Debtors filed for protection from their
creditors, they listed US$3,196,700,000 in total assets and
US$2,856,600,000 in total debts.

On Aug. 30, 2006, the Debtors filed a Joint Chapter 11 Plan and
a Disclosure Statement explaining that plan.  On Dec. 22, 2006,
they filed an Amended Plan and on Jan. 22, 2007, filed a
modified Amended Plan.  On Jan. 25, 2007, the Court approved the
adequacy of the Disclosure Statement.  On July 18, 2007, the
Court confirmed the Debtors' Liquidation Plan.  The Debtors'
cases are set to be closed on Feb. 28, 2008.


DYNAMOTIVE ENERGY: Posts US$3.5 Mln Net Loss in Second Quarter
--------------------------------------------------------------
Dynamotive Energy Systems Corporation disclosed on Aug. 30,
2007, its results of operations for the second quarter ended
June 30, 2007.

The company incurred a net loss of US$3.5 million for the second
quarter ended June 30, 2007,, compared with a net loss of
US$3.8 million for the same period a year ago.  The lower
overall loss represents more activity in almost all business
areas, partially offset by lower non-cash charges.

The company reported zero revenues in both periods.

"During the second quarter and since it ended June 30th, the
company continued to make significant progress as we ready our
new modular 200 tonne-per-day Guelph, Ontario, BioOil(R) biofuel
plant for full operation," commented Andrew Kingston,
Dynamotive's president and chief executive officer.  "Recent
business developments which will help pave the way for the
company's future growth include reaching a letter of agreement
with Mitsubishi Corporation and deepening our relationship with
the Consensus Business Group through the merger of a jointly
held affiliate into Dynamotive."

"Initial revenue from the Guelph plant and the expanded West
Lorne operation will commence in the near future, and our
business development position will improve significantly as we
enter operating status," Mr. Kingston noted.  "As we approach
operating status at these two plants, international interest is
growing, with advanced development activities in Europe and
South America, and accelerating project development activity
occurring in the United States."

Concluding his remarks, Mr. Kingston said: "With the continued
volatility and insecurity of world energy markets and ever
greater attention being paid to environmental issues, Dynamotive
is also well positioned to be a leader in the Biomass to BioOil
sector of the alternative energy market."

At June 30, 2007, the company's consolidated balance sheet
showed US$48.8 million in total assets, US$9.8 million in total
liabilities,  US$1.9 million in non-controlling interest, and
US$37.1 million in total stockholders' equity.

The company's consolidated balance sheet at June 30, 2007, also
showed strained liquidity with US$3.1 million in total current
asseta available to pay US$9.1 million in total current
liabilities.

Full-text copies of the company's consolidated financial
statements for the quarter ended June 30, 2007, are available
for free at http://researcharchives.com/t/s?230f

                       Going Concern Doubt

BDO Dunwoody LLP, in Vancouver, Canada, conducted its audit of
Dynamotive Energy Systems Corp.'s consolidated financial
statements for the years ended Dec. 31, 2006, and 2005, in
accordance with Canadian reporting standards which do not permit
a reference to conditions and events casting substantial doubt
about the company's ability to continue as a going concern when
these are adequately disclosed in the financial statements.

Dynamotive Energy incurred a loss of US$14.3 million for the
year ended Dec. 31, 2006.  The company's ability to continue as
a going concern is dependent on achieving profitable operations,
commercializing its BioOil production technology and obtaining
the necessary financing in order to develop this technology.

                     About Dynamotive Energy

Headquartered in Vancouver, Canada, Dynamotive Energy Systems
Corporation (OTC BB: DYMTF.OB) -- http://www.dynamotive.com/--
is an energy solutions provider with offices in the United
States, the United Kingdom and Argentina.  Its carbon/greenhouse
gas neutral fast pyrolysis technology uses medium temperatures
and oxygen-less conditions to turn dry waste biomass and energy
crops into BioOil(TM) for power and heat generation.  BioOil(TM)
can be further converted into vehicle fuels and chemicals.


FITCHES AND WHITMORE: Claims Filing Period Ends September 26
------------------------------------------------------------
Creditors of Fitches and Whitmore Ltd. (t/a Thames Display) have
until Sept. 26 to send in their full names, their addresses and
descriptions, full particulars of their debts or claims, and the
names and addresses of their solicitors (if any) to:

         Edward T. Kerr
         Joint Liquidator
         PKF (U.K.) LLP
         Pannell House
         159 Charles Street
         Leicester
         LE1 1LD
         England

Edward T. Kerr and Brian J. Hamblin both of PKF (U.K.) LLP were
appointed joint liquidators of the company on Aug. 29 for the
creditors’ voluntary winding-up proceeding.


FORD MOTOR: Fiat & Tata Motors Mull Joint Bid, Reports Say
----------------------------------------------------------
Tata Motors Limited is in talks with Fiat SpA for a possible
tie-up in bidding for Ford Motor Co.'s Jaguar and Land Rover,
media reports say.

As reported by the Troubled Company Reporter-Asia Pacific on
July 27, 2007, Tata Motors has made it to the list of selected
bidders for final consideration in the race for Jaguar and
Land Rover.   The company, however, is facing fierce competition
from United States firms.  Other bidders include TPG Capital,
Ripplewood Holdings, One Equity Partners, Cerberus Capital
Management, and India's Mahindra & Mahindra.  Ford is expected
to ask for binding offers by September, and aims to complete the
sale by the end of the year.

AFX News Limited, citing Finanza e Mercati as source, Fiat is
prepared to join Tata Motors in a bid for Ford's two brands.
"Fiat will join Tata at a later stage and buy a minority stake,"
AFX quotes the daily.

Merrill Lynch analysts have evaluated Jaguar and Land Rover at
around US$1.5 billion but consultants are now estimating it to
cost between US$2 billion to US$3 billion.

Tata is being advised and financed on its bid by investment
banks Citi and JP Morgan, London's The Business relates.

                        About Tata Motors

India's largest automobile company, Tata Motors Limited --
http://www.tatamotors.com/-- is mainly engaged in the business
of automobile products consisting of all types of commercial and
passenger vehicles, including financing of the vehicles sold by
the Company.  The Company's operating segments consists of
Automotive and Others.  In addition to its automotive products,
it offers construction equipment, engineering solutions and
software operations.

Tata Motors has operations in Russia, and the United Kingdom.

                          *     *     *

Standard & Poor's Ratings Services, on July 13, 2007, assigned
its 'BB+' issue rating to the proposed US$490 million zero-
coupon convertible bonds of India's Tata Motors Ltd.
(BB+/Stable/--).  The bonds represent a direct, unsecured and
unsubordinated obligation of the company.  Proceeds from the
bonds will be used for capital expenditure, overseas
investments, acquisitions, and other general corporate purposes.

Moody's Investors Service, on July 26, 2005, gave Tata Motors
'Ba1' long-term corporate family and senior unsecured debt
ratings.


FORD MOTOR: Fiat Denies Joint Bid Plans for Two Brands
------------------------------------------------------
Fiat S.p.A. chairman Luca Cordero di Montezemolo denied reports
that the company is interested in taking a minority stake in
Ford Motor Co.'s British brands, AFX News Ltd. reports.

"We are not interested," Mr. Montezemolo was quoted by AFX News
as saying.

In a report by Russel Hotten and Ben Harrington for the
Telegraph, Fiat is said to be in talks with India's Tata Motors
for a joint bid for Jaguar and Land Rover.

Unnamed sources told the Telegraph that Tata and Fiat were
expected to have finalized any plans for a joint venture by mid-
October, where the second-round bids are due.

Analysts said there was strategic logic behind Fiat and Tata co-
operating on a bid for the two U.K. brands.  Motor industry
experts at Mediobanca believed that Tata could get valuable
synergies and technology from Land Rover, but Jaguar could be of
less importance to Tata, the Telegraph relates.

Fiat understands luxury brands and may see more potential for
Jaguar, Telegraph added.

                         About Fiat SpA

Headquartered in Turin, Italy, Fiat S.p.A. --
http://www.fiatgroup.com/-- manufactures and sells automobiles,
commercial vehicles, and agricultural and construction
equipment.  It also manufactures, for use by the company's
automotive sectors and for sale to third parties, other
automotive-related products and systems, principally power
trains (engines and transmissions), components, metallurgical
products and production systems.  Fiat's creditors include Banca
Intesa, Banca Monte dei Paschi di Siena, Banca Nazionale del
Lavoro, Capitalia, Sanpaolo IMI, and UniCredito Italiano.

Fiat operates in Argentina, Australia, Austria, Belgium, Brazil,
Bulgaria, China, Czech Republic, Denmark, France, Germany,
Greece, Hungary, India, Ireland, Italy, Japan, Lituania,
Netherlands, Poland, Portugal, Romania, Russia, Singapore,
Spain, among others.

                            *   *   *

As reported in the TCR-Europe on Aug. 24, 2007, Moody's
Investors Service upgraded to Ba1 from Ba2 Fiat SpA's
Corporate Family Rating, and the group's other long-term senior
unsecured ratings.

At the same time, the positive outlook on all long-term ratings
was maintained.  The short term Not Prime rating remains
unchanged.

Standard & Poor's give Long-Term Foreign and Local Issuer Credit
Ratings of BB+ for Fiat.  Its Short-term Foreign and Local
Issuer Credit Ratings are at B with Positive Outlook.

Dominion Bond Rating Service gives Fiat a Long-term Issuer
Rating of BB with Positive Outlook.


HMV GROUP: Total Group Sales Up 12.2% for 18-Week Ended Sept. 1
---------------------------------------------------------------
HMV Group Plc issued trading update at its annual general
meeting on Sept. 6, 2007.

The company said that total group sales were up 12.2% for the 18
weeks ended Sept. 1, 2007, with like for like sales up 5.8%.
This excludes the result of HMV Japan, the disposal of which was
completed on Aug. 25, 2007.

At HMV U.K. & Ireland, total sales were up 12.5% over the same
18-week period, including like for like growth of 9.6%.  This
performance reflected a stronger than expected DVD market,
continuing growth in games and further market share gains in all
formats, driven by an improved retail offer and competitor
capacity withdrawal.

The HMV.com website, which has been enhanced by new branding and
customer communication, continued to grow by over 100% year on
year, thereby increasing its share of the online entertainment
market.  HMV UK & Ireland has made further progress with gross
margin management, which is in line with previous guidance.

In Waterstone's, like for like sales were up 2.7% during the 18-
week period, reflecting very strong sales of Harry Potter and
the Deathly Hallows.  Total sales were up 16.4% reflecting the
impact of the Ottakar's acquisition in July 2006.

Waterstones.com continues to show good progress, with registered
users up over 90% since the beginning of the calendar year.
Waterstone's has continued to improve gross margins, which were
up 40bps on last year, before the impact of Harry Potter and the
Deathly Hallows.

In HMV's international businesses, which, following the sale of
HMV Japan, now comprises HMV Canada and seven stores in Hong
Kong and Singapore, like for like sales were down by 1.6% in the
last 18 weeks.

Following the simplification of the Group's operations,
resulting from the disposal of HMV Japan, Simon Fox will
continue as Group Chief Executive and Managing Director of HMV
U.K. & Ireland.

"The Group has made a pleasing start to the current financial
year, with good momentum in sales, margins and cost management.
Solid progress is being made on our strategic plans announced in
March, including a successful disposal of HMV Japan for a
consideration which the Board believes represents best value for
our shareholders.  Furthermore, this week, HMV U.K. is opening
its first 'next generation' store trials and Waterstone's
customer loyalty card is being launched nationally," Carl Symon,
HMV Group Plc chairman commented.

"At this point in our trading calendar we have much work to do,
but we expect to approach the key Christmas period in good
operational shape and with exciting offers for our customers,"
Mr. Symon added.

As required by the Interim Management Statement provisions, the
company confirmed that there has been no significant change in
the financial position of the Group in the period since the
Preliminary results to the date of the AGM, save for the
completion and receipt of the cash proceeds from the disposal of
HMV Japan.

The Group's next trading update will be at the announcement of
its Interim results on Dec. 12, 2007.

                          About HMV

Headquartered in Maindenhead, United Kingdom, HMV Group plc --
http://www.hmvgroup.com/-- is engaged in the retailing of pre-
recorded music, video and electronic games under the HMV brand,
and the retailing of books under the Waterstone's brand.
Including the acquisition of Ottakar's Plc, the Group operates
over 730 stores in eight countries, with the principal markets
being those of the United Kingdom, Japan and Canada.

At April 28, 2007, HMV Group plc's balance sheet showed GBP637.8
million in total assets, GBP651 million in total liabilities and
GBP13.2 million in stockholders' deficit.

The company's April 28 balance sheet also showed strained
liquidity with GBP358.1 million in total current assets
available to pay GBP627.4 million in total liabilities coming
due within the next 12 months.


L WEAR: Claims Filing Period Ends October 2
-------------------------------------------
Creditors of L Wear Ltd. have until Oct. 2 to send in their
names and addresses with particulars of their debts or claims,
to:

         Geoffrey Lambert Carton-Kelly
         Michael David Rollings
         Joint Liquidators
         Baker Tilly Restructuring and Recovery LLP
         5 Old Bailey
         London
         EC4M 7AF
         England

Geoffrey Lambert Carton-Kelly and Michael David Rollings of
Baker Tilly Restructuring and Recovery LLP were appointed joint
liquidators of the company on Aug. 20 for the creditors’
voluntary winding-up procedure.


L.M.N. OFFICE: Calls In Liquidators from Mercer & Hole
------------------------------------------------------
Peter John Godfrey-Evans and Steven Leslie Smith of Mercer &
Hole were appointed joint liquidators of L.M.N. Office
Furnishings Ltd. on Aug. 23 for the creditors’ voluntary
winding-up proceeding.

The joint liquidators can be reached at:

         Mercer & Hole
         Silbury Court
         420 Silbury Boulevard
         Central Milton Keynes
         Buckinghamshire
         MK9 2AF
         England


ISOFT GROUP: Providing Laboratory IT Systems to Malta Hospital
--------------------------------------------------------------
iSOFT Group plc has been appointed as sub-contractor to
Affiliated Computer Services, Inc. to provide and support
laboratory information systems at Malta's largest hospital, the
new 850-bed Mater Dei Hospital.  Malta Information Technology
and Training Services has also extended its 12-year relationship
with iSOFT for an upgrade of the current patient administration
system.

The seven-year contract with ACS Healthcare Solutions includes
iSOFT's laboratory information system (i.Laboratory), which will
be installed as part of a program to improve the management of
health records and integrate state-of-the-art digital medical
equipment.

"With i.Laboratory, we will deliver an integrated, multi-
disciplinary solution to track orders, samples and results from
microbiology, pathology, biochemistry and transfusion services.
It is a well-established solution that is proven at 150 U.K.
hospitals," Charles Bracken, managing director, ACS Healthcare
Solutions, said.

Dallas, Texas-based ACS has a seven-year contract with the
Government of Malta to improve the efficiency of delivery of
healthcare and recording of patient information.  It is
providing hardware, software and expertise needed to maintain a
laboratory information system, radiology information system, and
picture archiving and communications system.  The company will
integrate these systems with the Mater Dei's existing systems.
iSOFT has also renewed its existing contract in Malta, which was
signed with MITTS in January 2004.  This is for order
communications at the new Mater Dei Hospital and will enable
laboratory tests and x-rays to be ordered online and the results
viewed in real time as part of the medical record.

                          About iSOFT

Headquartered in Manchester, United Kingdom, iSOFT Group plc
-- http://www.isoftplc.com/-- supplies advanced medical
software applications for the healthcare sector.  Its products
are used by more than 8,000 organizations in 27 countries for
managing patient information and driving improvements in
healthcare services.  In international markets, the group has a
strong presence in the Asia-Pacific, including Singapore and
India.

                            *   *   *

In June 2006 iSOFT revealed a change in accounting policy for
revenue recognition, as a consequence of which it became
necessary to review and restate revenues in prior years.
Arising out of that review a number of possible accounting
irregularities came to light in which it appears that some
revenues reported in the financial years ended April 30, 2004
and 2005 may have been recognized earlier than they should have
been.

On July 20, 2006 the Group engaged its auditors, Deloitte &
Touche LLP, to conduct a formal initial investigation into these
possible irregularities.  In August 2006 it was confirmed that
there were indeed matters that needed further investigation and
we handed over relevant documents to the Financial Services
Authority (FSA), which is now conducting that investigation.
The Group is working closely and cooperatively with the FSA in
order to complete the investigation as quickly as possible.

On Oct. 25, 2006 the Accountancy Investigation and Discipline
Board (AIDB) announced that it will conduct its own
investigation.  The AIDB investigation is a review of the
conduct of those members of accountancy bodies that are
regulated by the AIDB who were executive or non-executive
directors of iSOFT during the relevant periods, and RSM Robson
Rhodes LLP, iSOFT's auditor for the financial years ended April
30, 2003, 2004 and 2005.

All current executive directors of iSOFT who are members of
those accountancy bodies were appointed after the dates under
investigation, as was the non-executive director who is
currently chairman of the audit committee.  The initial
investigation into possible accounting irregularities conducted
by Deloitte & Touche LLP in July and August 2006 did not uncover
evidence that any of the current non-executive directors had any
knowledge of the irregularities.

At the present time the Group has no indication of when either
the FSA or the AIDB intend to conclude their investigations and
report.  On the basis of information that has come to light so
far, the directors consider that the restatement of revenues in
the financial statements for the year ended April 30, 2006
corrected, where appropriate, the impact of these particular
matters.  As the investigation is not yet concluded, it is not
possible for the Board to finally determine what implications,
if any, may arise from the conclusion of the investigations into
these matters.  Nevertheless they must be thoroughly
investigated and the Group will continue to cooperate with both
organizations.

                      Going Concern Doubt

At April 30, 2007, in preparing their cash flow projections,
iSOFT's directors recognize that there are material
uncertainties that may cast significant doubt on the Group's
ability to continue as a going concern.

The nature of the Group's business is such that there can be
considerable unpredictable variation and uncertainty regarding
the timing and margin on sales, the quantum and timing of cash
flows from new business activity and the achievement of
contractual milestones.  In addition, until the proposed
CompuGROUP transaction legally completes, the successful
completion of the transaction (including shareholder and court
approval) and ongoing willingness and ability of CompuGROUP to
provide financial support to the Group remain uncertainties.
Should the transaction not proceed, it would be necessary to
extend or renegotiate the Group's banking agreements beyond
their current expiry date of Nov. 14, 2007.


SANYO ELECTRIC: LongReach to Most Likely Win Semiconductor Unit
---------------------------------------------------------------
LongReach Group Ltd. is the likely winner of a battle for Sanyo
Electric Co.'s semiconductor unit by placing the highest bid of
around JPY100 billion, Nathan Layne of Reuters reports, citing
the Nikkei Business Daily.

Reportedly, LongReach is allied with CCMP Capital Asia and
private equity firm MKS.  The Sydney-based company, with its
JPY100 billion offer, is most likely the one to be granted
priority negotiating rights by Sanyo, conveys Mr. Layne.

Mr. Layne writes that other bidders who have expressed interest
in Sanyo's semiconductor unit are Cerberus Capital Management
LP, a consortium of Blackstone Group, CVC Asia Pacific and
Vestar, and a consortium of Bain Capital and Advantage Partners.

Sanyo, which has been restructuring with the help of shareholder
Goldman Sachs, has put the chip unit up for sale as part of its
efforts to shed non-core or struggling businesses, writes
Mr. Layne.

The Osaka-based electronics manufacturer, according to Reuters,
has been hoping to raise JPY150-200 billion for the unit,
however, the bids have come in below the expected level, partly
reflecting renewed concerns over the location of its Niigata
factory which was hit by a big earthquake in July.

According to the article, Sanyo's semiconductor unit fell on
tough times after a powerful earthquake in 2004 hit a key
factory in Niigata Prefecture, northwest Japan, ruining
equipment and causing it to lose customers.

                     About Sanyo Electric

Headquartered in Osaka, Japan, Sanyo Electric Co., Ltd. --
http://www.sanyo.com/-- is one of the world's leading
manufacturers of consumer electronics products.  The company has
global operations in Brazil, Germany, India, Ireland, Spain, the
United States and the United Kingdom, among others.

                          *     *     *

In March 2, 2007, Fitch Ratings placed SANYO Electric Co. Ltd.'s
BB+ long-term foreign and local currency issuer default and
senior unsecured ratings on rating watch negative.


SCOTT ELECTROMECH: Administrators Sell Outside Contracting Arm
--------------------------------------------------------------
Joint administrators for Scott Electromech Ltd. announced the
sale of the outside contracting division of the company to a
management team headed by Gordon Nixon, Creditman U.K. reports.

"We are delighted to achieve the sale of a substantial
proportion of the business, despite a very challenging
environment, safeguarding over half of the workforce," joint
administrator Joan Houston was quoted by Creditman as saying.

Colin Dempster, Andrew Davison and Joan Houston of Ernst & Young
were appointed joint administrators of Scott Electromech Ltd. on
Aug. 25, 2007, after efforts to sell the company as a going
concern failed, Breaking News.ie relates.

Ernst & Young -- http://www.ey.com/-- provides broad array of
services relating to audit and risk-related services, tax, and
transactions across all industries—from emerging growth
companies to global powerhouses—deal with a broad range of
business issues.

Headquartered in Belfast, Northern Ireland, Scott Electromech
Ltd. -- http://www.thrige-scott.com/-- manufactured electric
motors which have been used around the world.  It is an
engineering company which operated for 100 years.  A Danish
company owned the firm from 1982 until 2004, where it was taken
over by local management.


SOUTHERN PACIFIC 05-1: Fitch Rates Class E Notes at BB
------------------------------------------------------
Fitch Ratings has affirmed 45 tranches, including detachable A
coupons, in respect of transactions originated by Southern
Pacific Mortgage Limited, following a review of performance.

Southern Pacific Securities 05-1 Plc are securitizations of
near-prime and sub-prime residential mortgages originated in the
UK.  It is evident that the general trend in these deals is one
of rising arrears, defined as three-month plus delinquencies and
current possessions, with the highest currently at 25.45% for
SPS 05-2.

Current weighted average loss severity figures are relatively
low, at 11.27% for SPS 05-1 at end-June 2007.

Within SPS 05-1 each reserve fund is non-amortizing and is,
therefore, targeted to remain fully funded.

Prepayment rates have been increasing and would normally be
expected to increase further once borrowers' discount teaser
rates expire.  However, given the recent increases in interest
rates and recent slowing in house prices, it is possible that
borrowers may be restricted in where they can refinance.  This
may result in borrowers remaining in the pools, leading to
higher arrears and defaults.

Credit enhancement levels for each of the deals have increased
since close, with the exception of the more junior notes and
notes backed by excess spread.  Should arrears increase, excess
spread may further reduce.

The rating actions are:

Southern Pacific Securities 05-1 plc

   -- Class A2a: affirmed at 'AAA'; Outlook Stable

   -- Class A2c: and Class A2c DAC affirmed at 'AAA'; Outlook
      Stable

   -- Class B1c: affirmed at 'AA'; Outlook Stable

   -- Class C1c: affirmed at 'A'; Outlook revised to Stable from
      Negative

   -- Class D1c: affirmed at 'BBB'; Outlook Negative

   -- Class E: affirmed at 'BB'; Outlook Negative


SOUTHERN PACIFIC 05-2: Fitch Rates E1c and E2c Notes at BB
----------------------------------------------------------
Fitch Ratings has affirmed 45 tranches, including detachable A
coupons, in respect of transactions originated by Southern
Pacific Mortgage Limited, following a review of performance.

Southern Pacific Securities 05-2 Plc are securitizations of
near-prime and sub-prime residential mortgages originated in the
UK.  It is evident that the general trend in these deals is one
of rising arrears, defined as three-month plus delinquencies and
current possessions, with the highest currently at 25.45% for
SPS 05-2.

Current weighted average loss severity figures are relatively
low, at 11.1% for SPS 05-2 at end-June 2007.

Within SPS 05-2 each reserve fund is non-amortizing and is,
therefore, targeted to remain fully funded.  In March 2007, SPS
05-2 made a draw on its reserve fund following a step up in the
rate paid on the DAC.  The reserve fund was fully replenished in
June 2007.  The possibility of further draws remains, due to the
further step-up of the A2c DAC rate to 3.2% from 2.75% at the
December interest payment date.

Prepayment rates have been increasing and would normally be
expected to increase further once borrowers' discount teaser
rates expire.  However, given the recent increases in interest
rates and recent slowing in house prices, it is possible that
borrowers may be restricted in where they can refinance.  This
may result in borrowers remaining in the pools, leading to
higher arrears and defaults.

Credit enhancement levels for each of the deals have increased
since close, with the exception of the more junior notes and
notes backed by excess spread.  Should arrears increase, excess
spread may further reduce.

The rating actions are:

Southern Pacific Securities 05-2 plc

   -- Class A2c and Class A2c DAC: affirmed at 'AAA'; Outlook
      Stable

   -- Class B1a: affirmed at 'AA'; Outlook revised to Positive
      from Stable

   -- Class B1c: affirmed at 'AA'; Outlook revised to Positive
      from Stable

   -- Class C1a: affirmed at 'A'; Outlook Stable

   -- Class C1c: affirmed at 'A'; Outlook Stable

   -- Class D1a: affirmed at 'BBB'; Outlook Negative

   -- Class E1c: affirmed at 'BB'; Outlook Negative

   -- Class E2c: affirmed at 'BB'; Outlook Negative


SOUTHERN PACIFIC 05-3: Fitch Rates Class FTc Notes at B
-------------------------------------------------------
Fitch Ratings has affirmed 45 tranches, including detachable A
coupons, in respect of transactions originated by Southern
Pacific Mortgage Limited, following a review of performance.

Southern Pacific Securities 05-3 Plc are securitizations of
near-prime and sub-prime residential mortgages originated in the
UK.

Current weighted average loss severity figures are relatively
low, at 8.99% for SPS 05-3 at end-June 2007.

Prepayment rates have been increasing and would normally be
expected to increase further once borrowers' discount teaser
rates expire.  However, given the recent increases in interest
rates and recent slowing in house prices, it is possible that
borrowers may be restricted in where they can refinance.  This
may result in borrowers remaining in the pools, leading to
higher arrears and defaults.

Credit enhancement levels for each of the deals have increased
since close, with the exception of the more junior notes and
notes backed by excess spread.  SPS 05-3 include notes at the
bottom of the structure that are being repaid solely through
available excess spread.  As of June 2007, remaining excess
spread for SPS 05-3 plc stands at GBP219,670 (0.29%).  Should
arrears increase, excess spread may further reduce.

The rating actions are:

Southern Pacific Securities 05-3 plc

   -- Class A1a: affirmed at 'AAA'; Outlook Stable

   -- Class A1b: affirmed at 'AAA'; Outlook Stable

   -- Class A2a: affirmed at 'AAA'; Outlook Stable

   -- Class A2c: and Class A2c DAC: affirmed at 'AAA'; Outlook
      Stable

   -- Class B1a: affirmed at 'AA'; Outlook Stable

   -- Class B1c: affirmed at 'AA'; Outlook Stable

   -- Class C1a: affirmed at 'A'; Outlook Stable

   -- Class C1c: affirmed at 'A'; Outlook Stable

   -- Class D1a: affirmed at 'BBB'; Outlook revised to Negative
      from Stable

   -- Class D1c: affirmed at 'BBB'; Outlook revised to Negative
      from Stable

   -- Class E1c: affirmed at 'BB'; Outlook revised to Negative
      from Stable

   -- Class DTc: affirmed at 'BBB'; Outlook Stable

   -- Class ETc: affirmed at 'BB'; Outlook revised to Negative
      from Stable

   -- Class FTc: affirmed at 'B'; Outlook revised to Negative
      from Stable


SOUTHERN PACIFIC 06-1: Fitch Rates Class FTc Notes at B
-------------------------------------------------------
Fitch Ratings has affirmed 45 tranches, including detachable A
coupons, in respect of transactions originated by Southern
Pacific Mortgage Limited, following a review of performance.

Southern Pacific Securities 06-1 Plc are securitizations of
near-prime and sub-prime residential mortgages originated in the
UK.

Current weighted average loss severity figures are relatively
low, 10.67% for SPS 06-1 at end-June 2007.

Within SPS 06-1, each reserve fund is non-amortizing and is,
therefore, targeted to remain fully funded.

Prepayment rates have been increasing and would normally be
expected to increase further once borrowers' discount teaser
rates expire.  However, given the recent increases in interest
rates and recent slowing in house prices, it is possible that
borrowers may be restricted in where they can refinance.  This
may result in borrowers remaining in the pools, leading to
higher arrears and defaults.

Credit enhancement levels for each of the deals have increased
since close, with the exception of the more junior notes and
notes backed by excess spread.  SPS 06-1 include notes at the
bottom of the structure that are being repaid solely through
available excess spread.  As of June 2007, remaining excess
spread for SPS 06-1 plc GBP479,806 (0.73%).  Should arrears
increase, excess spread may further reduce.

The rating actions are:

Southern Pacific Securities 06-1 plc

   -- Class A1a: affirmed at 'AAA'; Outlook Stable

   -- Class A1b: affirmed at 'AAA'; Outlook Stable

   -- Class A2a: affirmed at 'AAA'; Outlook Stable

   -- Class A2c and Class A2c DAC: affirmed at 'AAA'; Outlook
      Stable

   -- Class B1c: affirmed at 'AA'; Outlook Stable

   -- Class C1a: affirmed at 'A'; Outlook Stable

   -- Class C1c: affirmed at 'A'; Outlook Stable

   -- Class D1a: affirmed at 'BBB'; Outlook revised to Negative
      from Stable

   -- Class D1c: affirmed at 'BBB'; Outlook revised to Negative
      from Stable

   -- Class E1c: affirmed at 'BB'; Outlook revised to Negative
      from Stable

   -- Class DTc: affirmed at 'BBB'; Outlook Stable

   -- Class ETc: affirmed at 'BB'; Outlook revised to Negative
      from Stable

   -- Class FTc: affirmed at 'B'; Outlook revised to Negative
      from Stable


TATA MOTORS: Mulls Joint Bid w/ Fiat for Jaguar & Land Rover
------------------------------------------------------------
Tata Motors Limited is in talks with Fiat SpA for a possible
tie-up in bidding for Ford Motor Co.'s Jaguar and Land Rover,
media reports say.

As reported by the Troubled Company Reporter-Asia Pacific on
July 27, 2007, Tata Motors has made it to the list of selected
bidders for final consideration in the race for Jaguar and
Land Rover.   The company, however, is facing fierce competition
from United States firms.  Other bidders include TPG Capital,
Ripplewood Holdings, One Equity Partners, Cerberus Capital
Management, and India's Mahindra & Mahindra.  Ford is expected
to ask for binding offers by September, and aims to complete the
sale by the end of the year.

AFX News Limited, citing Finanza e Mercati as source, Fiat is
prepared to join Tata Motors in a bid for Ford's two brands.
"Fiat will join Tata at a later stage and buy a minority stake,"
AFX quotes the daily.

Merrill Lynch analysts have evaluated Jaguar and Land Rover at
around US$1.5 billion but consultants are now estimating it to
cost between US$2 billion to US$3 billion.

Tata is being advised and financed on its bid by investment
banks Citi and JP Morgan, London's The Business relates.

                        About Tata Motors

India's largest automobile company, Tata Motors Limited --
http://www.tatamotors.com/-- is mainly engaged in the business
of automobile products consisting of all types of commercial and
passenger vehicles, including financing of the vehicles sold by
the Company.  The Company's operating segments consists of
Automotive and Others.  In addition to its automotive products,
it offers construction equipment, engineering solutions and
software operations.

Tata Motors has operations in Russia, and the United Kingdom.

                          *     *     *

Standard & Poor's Ratings Services, on July 13, 2007, assigned
its 'BB+' issue rating to the proposed US$490 million zero-
coupon convertible bonds of India's Tata Motors Ltd.
(BB+/Stable/--).  The bonds represent a direct, unsecured and
unsubordinated obligation of the company.  Proceeds from the
bonds will be used for capital expenditure, overseas
investments, acquisitions, and other general corporate purposes.

Moody's Investors Service, on July 26, 2005, gave Tata Motors
'Ba1' long-term corporate family and senior unsecured debt
ratings.


WHOLE FOODS: Presents Plans for Combined Stores
-----------------------------------------------
Whole Foods Market Inc. disclosed its immediate and future plans
for the Whole Foods Market and Wild Oats Markets stores in
Boulder, Colorado and throughout the Rocky Mountain region that
spans Colorado, New Mexico, Kansas, Utah, Idaho and Kansas City,
Missouri.

Inventive retailing is the hallmark of the Whole Foods Market
Boulder plan.  By experimenting with new store formats and
concepts and re-tooling and investing in capital improvements in
existing stores, all Whole Foods Market and Wild Oats Markets
stores in Boulder will remain open.  Company plans for
renovation and expansion of its thriving Pearl Street location
will add more than 200 jobs by 2010, and retail square footage
in Boulder for natural foods supermarkets will actually increase
from pre-merger levels.  Plus, a few old retail favorites, Ideal
Market and Alfalfa's Market, will be preserved and renewed,
respectively.

"Whole Foods Market is honored to serve the community of
Boulder, home to so many of the pioneers of the natural and
organics products industry," Will Paradise, president of Whole
Foods Market Rocky Mountain Region, said.

"Wild Oats is a homegrown company from Boulder and we have a lot
of respect and reverence for that. We're excited to
simultaneously honor heritage retailers while innovating and
testing new concepts in Boulder," Mr. Paradise, who embarks on a
12-day tour of all 23 Wild Oats Markets locations in five states
in order to hold Town Hall meetings with their team members,
said.

No other announcements regarding the status of Wild Oats stores
in other Whole Foods Market regions have been made.  Mr.
Paradise said decisions regarding the Boulder stores were a
priority given that it is the hometown of Wild Oats Markets.

These announcements were made by Whole Foods Market:

   * Whole Foods Market signed the lease for expanding space of
     its Pearl St. store into the current Barnes & Noble
     location, for what will be a 73,000 sq. ft. Whole Foods
     Market, making it the largest store in Colorado and one of
     the largest stores in the company, nationally.  With a
     targeted opening date in late-2010, the expanded store
     will employ 500 team members representing more than 200
     additional jobs.

   * North Boulder neighborhood favorite Ideal Market (14,000
     sq. ft.) will remain true to its 65-year heritage in
     Boulder and continue operations as Ideal Market under
     Whole Foods Market leadership.  The company intends to
     invest in significant upgrades to the store.  The distinct
     flavor and personality of Ideal Market will be preserved.
     Over time, the store's product mix will be harmonized with
     quality standards consistent to Whole Foods Market.

   * Alfalfa's Market Returns! Whole Foods Market will update
     the Broadway and Arapahoe store's (21,500 sq. ft.) design
     while returning this historic grocery store to its roots
     as Alfalfa's Market.  This decision is a tribute to a
     retailer Whole Foods Market believes was one of the early
     pioneers of natural grocery in the United States and at
     one time was the number one natural foods retail location
     in the country.

   * The Baseline Road Wild Oats Markets (18,500 sq. ft.) store
     will be converted to an entirely new experimental concept
     for Whole Foods Market entitled "Whole Foods Market
     Express."  This new convenience-focused concept for the
     company will offer a value-oriented product mix, grab-and-
     go offerings, and will be a practical fit for its
     neighborhood, especially with the high concentration of
     University of Colorado students nearby.  Whole Foods
     Market views this new "Express" concept as the type of
     innovation that is especially true to Boulder's natural
     and organic products industry roots.

   * The Wild Oats Markets' location in Superior (32,500 sq.
     ft.) will undergo slight renovation and will eventually
     change its name to Whole Foods Market.

   * The 29th Street Wild Oats Markets' location will not be
     opened, and Whole Foods Market will sub-lease or sell the
     retail space to a non-food business.

   * Whole Foods Market has announced that it will permanently
     lower prices at all 23 Wild Oats Market locations in the
     Rocky Mountain region so that store pricing is consistent.
     The lower prices will be kicked off in the next few weeks
     with a 10%-off weekend at all Wild Oats locations in the
     region.

                     About Wild Oats Markets

Headquartered in Boulder, Colorado, Wild Oats Markets Inc. --
http://www.wildoats.com/-- is a natural and organic foods
retailer in North America with annual sales of approximately
US$1.2 billion.  Wild Oats Markets was founded in Boulder,
Colorado in 1987.  Wild Oats Markets currently operates 110
stores in 24 states and British Columbia, Canada under four
banners: Wild Oats Marketplace (nationwide), Henry's Farmers
Market (Southern California), Sun Harvest (Texas), and Capers
Community Market (British Columbia).

                     About Whole Foods Market

Founded in 1980 in Austin, Texas, Whole Foods Market, Inc.
(NASDAQ: WFMI) -- http://www.wholefoodsmarket.com/-- is a
natural and organic foods supermarket.  In fiscal year 2006,
the company had sales of US$5.6 billion and currently has more
than 190 stores in the United States, Canada, and the United
Kingdom.

                         *     *     *

In an Aug. 28, 2007 press statement, Whole Foods Market Inc.
disclosed that it purchased 84.1% of Wild Oats Markets Inc.'s
outstanding common stock in a cash tender offer of US$18.50 per
share, and will purchase approximately 12.7% of the outstanding
shares of Wild Oats common stock, represented by the shares
subject to guaranteed delivery.

The acquisition prompted Standard & Poor's Ratings Services to
lower its corporate credit rating on Whole Foods Market Inc. to
'BB+' from 'BBB-'.  At the same time, S&P removed the ratings
from CreditWatch, where they were placed with negative
implications on Feb. 22, 2007.  S&P said the outlook is
negative.


* BOND PRICING: For the Week Sept. 3 to Sept. 7, 2007
-----------------------------------------------------
Issuer                    Coupon   Maturity   Currency   Price
------                    ------   --------   --------   -----

AUSTRIA
-------
Kommunal Kredit
  Austria AG              0.500    03/15/19     CDN      61.36
                          0.250    10/14/26     CDN      38.21
Republic of Austria       4.000    06/22/22     EUR      72.17
                          0.396    08/04/25     EUR      65.85
                          5.000    10/10/25     EUR      61.36


FINLAND
-------
Muni Finance PLC          1.000    03/19/13     AUD      73.04
                          0.500    04/26/13     AUD      70.34
                          1.000    11/21/16     NZD      56.85
                          0.500    09/24/20     CDN      56.43
                          0.250    06/28/40     CDN      19.98

FRANCE
------
Accor S.A.                1.750    01/01/08     EUR      61.81
Alcatel S.A.              4.750    01/01/11     EUR      16.34
Altran Technologies S.A.  3.750    01/01/09     EUR      12.44
BNP Paribas               0.250    12/20/14     US$      69.65
CAP Gemini S.A.           2.500    01/01/10     EUR      56.03
                          1.000    01/01/12     EUR      52.16
Club Mediterranee S.A.    3.000    11/01/08     EUR      69.95
                          4.375    11/01/10     EUR      55.53
FCC Rome Alliance
    Funding               2.256    01/08/21     EUR      73.85
Havas S.A.                4.000    01/01/09     EUR      10.77
Infogrames
   Entertainment S.A.     1.500    07/01/11     EUR      23.59
Ingenico                  2.750    01/01/12     EUR      19.91
Maurel & Prom             3.500    01/01/10     EUR      21.73
Publicis Group            0.750    07/17/08     EUR      32.76
                          1.000    01/18/18     EUR      43.12
Rallye                    3.750    01/01/08     EUR      51.74
Rhodia S.A.               0.500    01/01/14     EUR      45.31
Scor S.A.                 4.125    01/01/10     EUR       2.24
Soc Air France            2.750    04/01/20     EUR      32.41
Soitec                    4.625    12/20/09     EUR      13.54
Thomson (EX-TMM)          1.000    01/01/08     EUR      39.41
Valeo                     2.375    01/01/11     EUR      47.73
Vivendi Universal S.A.    1.750    10/30/08     EUR      31.15
Wavecom S.A.              1.750    01/01/14     EUR      28.45
Wendel Invest S.A.        2.000    06/19/09     EUR      49.60

GERMANY
-------
KfW Bankengruppe          0.500    10/30/13     AUD      67.71
                          0.500    12/19/17     EUR      66.49
                          5.000    05/23/20     EUR      74.18
                          1.250    07/07/20     EUR      72.53
                          1.250    07/29/20     EUR      72.74
                          6.000    07/21/25     EUR      68.27
                          8.000    08/10/30     EUR      65.23
Landeskreditbank Baden-
   Wuerttemberg Foerderbk 0.500    05/10/27     CDN      42.23
Landwirtschaftliche
   Rentenbank AG          1.000    03/29/17     NZD      55.98

GREECE
------
Hellenic Republic         0.628    07/13/20     EUR      67.22
Hellenic Republic         0.990    07/07/24     EUR      66.16
Hellenic Republic         6.000    07/06/24     EUR      72.38

ICELAND
-------
Kaupthing Bank            6.500    02/03/45     EUR      68.94
                          7.500    02/03/45     US$      64.70

IRELAND
-------
Depfa ACS Bank            0.500    03/03/25     CDN      45.91
                          0.250    07/08/33     CDN      27.16
Irish Perm Plc            6.125    02/15/35     EUR      65.88
Magnolia Finance IV Plc   1.050    12/20/45     US$      27.68

ITALY
-----
Dexia Crediop S.p.A.      0.000    03/15/16     EUR      72.17

LUXEMBOURG
----------
Teksid Aluminum S.A.     12.375    07/15/11     EUR      42.38

NETHERLANDS
-----------
ABN AMRO Bank N.V.        6.250    06/29/35     EUR      69.50
BK Ned Gemeenten          0.500    06/27/18     CDN      62.62
                          0.500    02/24/25     CDN      45.95
EM.TV Finance B.V.        5.250    05/08/13     EUR       5.78
Energy Group O/S          7.425    10/15/17     US$      35.00
Gerling Global            3.500    08/16/21     EUR      62.61
KBC Ifima B.V.            3.500    02/07/25     US$      75.75

Lehman Bros TSY B.V.      2.000    02/16/15     EUR      80.17
                          1.000    06/06/17     EUR      77.82
                          6.000    02/15/35     EUR      70.33
                          8.250    03/16/35     EUR      61.05
                          7.000    05/17/35     EUR      62.35
                          7.250    10/05/35     EUR      59.32
                          6.000    11/02/35     EUR      61.72
Ned Waterschapbk          6.000    06/01/35     EUR      71.09
                          6.500    08/15/35     EUR      65.92

Rabobank Groep N.V.       6.000    04/08/20     EUR      72.17
                          6.000    02/22/35     EUR      70.50
                          2.000    02/23/35     EUR      62.80
                          7.000    02/28/35     EUR      69.98
                          7.000    03/23/35     EUR      65.75
                          6.000    05/09/35     EUR      72.89

NORWAY
------
Kommunalbanken A.S.       0.500    02/07/13     AUD      70.67

SWEDEN
------
AB Svensk Export          0.500    03/27/13     AUD      70.67

SWITZERLAND
-----------
UBS AG                    1.000     07/30/09    NZD      72.78
                          1.000     02/27/12    NZD      74.58
                          1.000     03/28/12    NZD      73.80
                          1.000     06/28/12    NZD      72.76


UNITED KINGDOM
--------------
Anglian Water
   Finance Plc            2.400     04/20/35    GBP      54.67
HBOS Treasury
   Services Plc           6.000     02/07/35    EUR      70.17
National Grid Gas Plc     1.754     10/17/36    GBP      44.77
                          1.771     03/30/37    GBP      43.70
Royal BK Scotland Plc     0.250     03/27/14    US$      73.31
                          9.500     04/04/25    US$      72.12
                          7.000     06/09/25    EUR      63.80
                          7.000     06/29/30    EUR      57.39
                          7.000     02/15/45    US$      64.74
                          6.500     02/23/45    EUR      62.33
Wessex Water Finance Plc  1.369     07/31/57    GBP      30.05

                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices
are obtained by TCR editors from a variety of outside sources
during the prior week we think are reliable.  Those sources may
not, however, be complete or accurate.  The Monday Bond Pricing
table is compiled on the Friday prior to publication.  Prices
reported are not intended to reflect actual trades.  Prices for
actual trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy
or sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies
with insolvent balance sheets whose shares trade higher than
US$3 per share in public markets.  At first glance, this list
may look like the definitive compilation of stocks that are
ideal to sell short.  Don't be fooled.  Assets, for example,
reported at historical cost net of depreciation may understate
the true value of a firm's assets.  A company may establish
reserves on its balance sheet for liabilities that may never
materialize.  The prices at which equity securities trade in
public market are determined by more than a balance sheet
solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com

Each Friday's edition of the TCR includes a review about a book
of interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/booksto order any title today.

                            *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter -- Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Jazel P. Laureno, Julybien Atadero, Carmel Zamesa
Paderog, Joy Agravante, Zora Jayda Zerrudo Sala, Kristina A.
Godinez, and Pius Xerxes Tovilla, Editors.

Copyright 2007.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without
prior written permission of the publishers.

Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.

The TCR Europe subscription rate is US$625 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for
members of the same firm for the term of the initial
subscription or balance thereof are US$25 each. For subscription
information, contact Christopher Beard at 240/629-3300.


                 * * * End of Transmission * * *