TCREUR_Public/071022.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, October 22, 2007, Vol. 8, No. 209

                            Headlines


A U S T R I A

AMADE GOURMET: Claims Registration Period Ends Nov. 19
ANDREAS NOESSLBOECK: Claims Registration Period Ends Nov. 12
BVS BETRIEBLICHE: Vienna Court Orders Business Shutdown
COLUMBUS IT: Claims Registration Period Ends Nov. 7
HOFKNEIPE LLC: Claims Registration Period Ends Nov. 6

KRISTAK LLC: Claims Registration Period Ends Nov. 5
OTTO MAYERHOFER: Claims Registration Period Ends Nov. 5
WOLFGANG LACKNER: Graz Court Orders Business Shutdown


B E L G I U M

ADVANCED MICRO: Posts US$396 Mln Net Loss for Third Quarter 2007
ADVANCED MICRO: TRC Capital Offers Mini-Tender of 5 Mln Shares
LEVI STRAUSS: S&P Rates US$750MM Revolving Credit Facility at BB


F R A N C E

CHARLES JOURDAN: Bid Submission Deadline Slated for October 31
DELPHI CORP: Disclosure Statement Hearing Adjourned Until Nov. 8
EUROTUNNEL GROUP: Third Quarter Revenues Decline to EUR214.2 Mln
REMY COINTREAU: Posts EUR374.5 Mln Turnover for First Half 2007


G E R M A N Y

CHRYSLER LLC: Four Union Locals Reject UAW-Chrysler Labor Pact
E-MAC 2006-I: Fitch Rates D Notes at BB+ Despite Trigger Breach
E-MAC DE 2006-II: Fitch Rates Class F Notes at BB+
EIA DIRSCHKA: Claims Registration Ends November 12
EISKREM-TIEFKUEHLSERVICE: Claims Registration Ends Nov. 12

FLOWTEX TECHNOLOGIES: State Not Liable for Fraud, Court Rules
GEMILUX BAUSYSTEME: Claims Registration Period Ends Nov. 15
GUMBMANN BAU: Creditors' Meeting Slated for November 15
K. STUTER: Claims Registration Ends November 15
LANGENER VERLAGS: Claims Registration Ends November 15

LOOK AGENTUR: Claims Registration Ends November 15
MUEHLE – GLASHUETTE: Creditors' Meeting Slated for November 15
PEP-MOEBEL: Claims Registration Ends Nov. 9
RED HAT: Revenue Growth Cues S&P to Revise Outlook to Positive
SCHIEDER-MOEBEL: Claims Registration Ends Nov. 9
SPECTRUM BRANDS: Postpones Strategic Asset Sale

SPIELHALLEN-WESTBAHNHOF: Claims Registration Period Ends Nov. 12
STOCK-GUSS GMBH: Claims Registration Period Ends Nov. 10
TECHNICAL OPERATING: Claims Registration Period Ends Nov. 6
THI TIEF: Claims Registration Period Ends Nov. 6
TIEF- UND HOCHBAU: Claims Registration Ends Nov. 7

TJ OSNABRUECK: Claims Registration Period Ends Nov. 6
VIVA POLSTERMOEBEL-WERKE: Claims Registration Ends November 15
WALTER PORTIUS: Claims Registration Period Ends Nov. 13


I R E L A N D

CELESTICA INC: Tax Benefit Error Cues Firm to Cut Q2 Earnings
COMMSCOPE INC: S&P Affirms Ratings and Removes Negative Watch
WINDMILL CLO: Moody's Rates EUR15 Mln Class E Notes at Ba3


I T A L Y

ALITALIA SPA: Chairman to Recommend Possible Buyer by Nov. 10
ANDREW CORP: S&P Holds 'BB-' Corporate Credit & Debt Ratings
FIAT SPA: European Commission Sets Inquiry Deadline to Nov. 21


K A Z A K H S T A N

AYRTAU JOLDARY: Proof of Claim Deadline Slated for Nov. 23
BUILDING GROUPS: Creditors Must File Claims Nov. 23
FYLYM JOLY: Claims Filing Period Ends Nov. 20
GELIOS-ENERGO LLP: Creditors' Claims Due on Nov. 23
IMS-GROUP LLP: Claims Registration Ends Nov. 23

KAZAKHSKAYA AKADEMIYA: Claims Deadline Slated for Nov. 23
ORKEN LLP: Creditors Must File Claims Nov. 23
RENDESERVICE LLP: Claims Filing Period Ends Nov. 27
S.K. COOTON: Creditors' Claims Due on Nov. 23


K Y R G Y Z S T A N

KYRGYZSTAN ABA: Creditors' Meeting Slated for October 23


R O M A N I A

TIMKEN CO: Invests US$6 Million on Industrial Expansion


R U S S I A

AUTOMOBILIST OJSC: Creditors Must File Claims by Nov. 6
ELIORATOR CJSC: Orenburg Court Starts Competitive Proceedings
GORMOLZAVOD BARYSHSKIJ: Court Hearing Slated for Jan. 21, 2008
GUSEVSKOY CRYSTAL: Creditors Must File Claims by Nov. 6
KINT AND CO: Creditors Must File Claims by Dec. 6

LYUL'PANSKIJ СJSC: Asset Sale Slated for November 6
PRIVATBANK CJSC: Fitch Affirms B IDR on Modest Capitalization
RUSAGROCAPITAL OJSC: Court Names Dronov O.V. as Liquidator
STROYTEHNIKA OJSC: Court Names Dmitriev P.S. as Liquidator
TORGOVAYA MARKA: Creditors Must File Claims by Nov. 6

UNITED FOREST-HARVESTING: Creditors Must File Claims by Nov. 6
VYSOTA OJSC: Asset Sale Slated for November 6
YUKOS OIL: Moscow Court Adds RUR217 Billion to Firm's Tax Bill
YUKOS OIL: Court Wants PwC to Provide Tax Evasion Documents


S W I T Z E R L A N D

BUCHI & CO: Zurich Court Starts Bankruptcy Proceedings
DIVERSICUM HOLDING: Creditors' Liquidation Claims Due November 5
G + G JSC: Creditors' Liquidation Claims Due December 24
GUSTAV PFISTER: Zurich Court Closes Bankruptcy Proceedings
INVICTUS JSC: Creditors' Liquidation Claims Due November 1

ISOTIS INC: Interim Vote Show LifeSciences Merger Support
JAGER SYSTEME: Creditors' Liquidation Claims Due November 30
MARABIS PLUS: Creditors' Liquidation Claims Due November 1
OCHSEN RUTI: Zurich Court Starts Bankruptcy Proceedings
RS JSC: Creditors' Liquidation Claims Due November 15

STL MANAGEMENT: Zurich Court Closes Bankruptcy Proceedings


U K R A I N E

ANIKA SERVICE: Proofs of Claim Deadline Set October 23
AVIA LLC: Proofs of Claim Deadline Set October 23
BEREG LLC: Proofs of Claim Deadline Set October 23
BUDIVELNYK LLC: Proofs of Claim Deadline Set October 23
DVURECHNAYA ENTERPRISE: Creditors Must File Claims by October 23

ELECTRO TECHNICAL: Proofs of Claim Deadline Set October 23
KUPIANSK AGRICULTURAL: Proofs of Claim Deadline Set October 23
LARGOVSKOE BREADRECEIVING: Creditors Must File Claims by Oct. 23
LOZOVAYA EDUCATION-PRODUCTION: Proofs of Claim Due October 23
NAFTOGAZ UKRAINY: Eyes US$200 Million Loan to Repay Gazprom Debt

NOVY BUG COMBINE: Proofs of Claim Deadline Set October 23


U N I T E D   K I N G D O M

ADVANCED MICRO: Posts US$396 Mln Net Loss for Third Quarter 2007
AMR CORP: Earns US$175 Million in Third Quarter Ended Sept. 30
ARROWPLUS LTD: Brings In Liquidators from KPMG
BUSINESS UNION: Calls In Liquidators from Tenon Recovery
CHEYNE FINANCE: Receivers Declare Insolvency Event

HEWITT MROZEK: Joint Liquidators Take Over Operations
JTMB REALISATIONS: Taps Liquidators from DTE Leonard Curtis
MATRIX TELECOM: Claims Filing Period Ends November 12
MFW PLUMBING: Names Philip Michael Lyon Liquidator
PRICEWISE RETAIL: Claims Filing Period Ends November 9

REMY WORLDWIDE: Wants to Assume Caterpillar Inventory Agreement
REMY WORLDWIDE: Selects Shearman & Sterling as Lead Counsel
REMY WORLDWIDE: Wants to Employ YCS&T As Delaware Counsel
ROWAN INTERIORS: Appoints Michael Young as Liquidator
S BAILEY: M. H. Abdulali Leads Liquidation Procedure

T A SUPPLIES: Failure to Sell Company Cues Voluntary Liquidation
TRADE AND INVEST: Calls In Liquidators from DTE Leonard Curtis
TTV FACILITIES: Taps Liquidators from Tenon Recovery

* BOND PRICING: For the Week Oct. 15 to Oct. 19, 2007


                            *********

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


AMADE GOURMET: Claims Registration Period Ends Nov. 19
------------------------------------------------------
Creditors owed money by LLC amade gourmet (FN 62494d) have until
Nov. 19 to file written proofs of claim to court-appointed
estate administrator Michael Pallauf at:

         Dr. Michael Pallauf
         Petersbrunnstrasse 13
         5020 Salzburg
         Austria
         Tel: 0662/841202
         Fax: 0662/841202-50
         E-mail: officesalzburg@aaa-law.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:00 a.m. on Nov. 29 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 Sept. 18 (Bankr. Case No. 23 S 70/07z).


ANDREAS NOESSLBOECK: Claims Registration Period Ends Nov. 12
------------------------------------------------------------
Creditors owed money by LLC Andreas Noesslboeck (FN 55015f) have
until Nov. 12 to file written proofs of claim to court-appointed
estate administrator Thomas Kurz at:

         Mag. Thomas Kurz
         Roseggerstrasse 58
         4020 Linz
         Austria
         Tel: 78 43 31-0
         Fax: 78 43 31-57
         E-mail: manuela.winkelmayr@haslinger-nagele.com

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:00 a.m. on Nov. 26 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 Rohrbach, Austria, the Debtor declared
bankruptcy on Sept. 18 (Bankr. Case No. 12 S 76/07z).


BVS BETRIEBLICHE: Vienna Court Orders Business Shutdown
-------------------------------------------------------
The Trade Court of Vienna entered Sept. 19 an order shutting
down the business of LLC BVS Betriebliche Vorsorge (FN 136687k).

Court-appointed estate administrator Eva Riess 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 Riess
         c/o Mag. Nikolaus Vogt
         Zeltgasse 3/13
         1080 Vienna
         Austria
         Tel: 402 57 01 33
         Fax: 402 57 01 21
         E-mail: law@riess.co.at

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Sept. 4 (Bankr. Case No 2 S 117/07d).  Nikolaus Vogt
represents Dr. Riess in the bankruptcy proceedings.


COLUMBUS IT: Claims Registration Period Ends Nov. 7
---------------------------------------------------
Creditors owed money by LLC COLUMBUS IT Partner (FN 153910p)
have until Nov. 7 to file written proofs of claim to court-
appointed estate administrator Susi Pariasek at:

         Dr. Susi Pariasek
         c/o Mag. Beate Holper
         Gonzagagasse 15
         1010 Vienna
         Austria
         Tel: 533 28 55
         Fax: 533 28 55 28
         E-mail: office@anwaltwien.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:30 a.m. on Nov. 21 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 Sept. 17 (Bankr. Case No. 2 S 123/07m).  Beate Holper
represents Dr. Pariasek in the bankruptcy proceedings.


HOFKNEIPE LLC: Claims Registration Period Ends Nov. 6
-----------------------------------------------------
Creditors owed money by LLC HOFKNEIPE (FN 145076y) have until
Nov. 6 to file written proofs of claim to court-appointed estate
administrator Christopher Schuster at:

         Mag. Christopher Schuster
         Fabrikstrasse 3
         4020 Linz
         Austria
         Tel: 0732/773333-0
         Fax: 0732/773333-44
         E-mail: ra-schuster@aon.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:00 a.m. on Nov. 20 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Linz
         Hall 522
         Fifth Floor
         Linz
         Austria

Headquartered in Linz, Austria, the Debtor declared bankruptcy
on Sept. 18 (Bankr. Case No. 38 S 49/07w).


KRISTAK LLC: Claims Registration Period Ends Nov. 5
---------------------------------------------------
Creditors owed money by LLC Kristak (FN 275497v) have until
Nov. 5 to file written proofs of claim to court-appointed estate
administrator Hannelore Pitzal at:

         Dr. Hannelore Pitzal
         c/o Mag. Katharina Pitzal
         Paulanergasse 9
         1040 Vienna
         Austria
         Tel: 587 31 11
         Fax: 587 87 50-50
         E-mail: office@pitzal-partner.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:00 a.m. on Nov. 19 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1705
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Sept. 14 (Bankr. Case No. 3 S 116/07i).  Katharina Pitzal
represents Dr. Pitzal in the bankruptcy proceedings.


OTTO MAYERHOFER: Claims Registration Period Ends Nov. 5
-------------------------------------------------------
Creditors owed money by LLC Otto Mayerhofer (FN 97435m) have
until Nov. 5 to file written proofs of claim to court-appointed
estate administrator Stefan Langer at:

         Dr. Stefan Langer
         c/o Mag. Martin Honemann
         Oelzeltgasse 4
         1030 Vienna
         Austria
         Tel: 712 63 02
         Fax: 712 61 92-22
         E-mail: kanzlei@kosesnik-langer.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:15 a.m. on Nov. 19 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1705
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Sept. 14 (Bankr. Case No. 3 S 117/07m).  Martin Honemann
represents Dr. Langer in the bankruptcy proceedings.


WOLFGANG LACKNER: Graz Court Orders Business Shutdown
-----------------------------------------------------
The Land Court of Graz entered Sept. 17 an order shutting down
the business of KG Wolfgang Lackner & Partner (FN 223820y).

Court-appointed estate administrator Candidus Cortolezis
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. Candidus Cortolezis
         Hauptplatz 14
         8010 Graz
         Austria
         Tel: 0316/813973
         Fax: 0316/8477970
         E-mail: office@cortolezis.com

Headquartered in Graz - Strassgang, Austria, the Debtor declared
bankruptcy on Sept. 14 (Bankr. Case No 26 S 70/07z).


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B E L G I U M
=============


ADVANCED MICRO: Posts US$396 Mln Net Loss for Third Quarter 2007
----------------------------------------------------------------
Advanced Micro Devices, Inc. reported an operating loss of
US$226 million, and a net loss of US$396 million for the third
quarter 2007.  In the third quarter, AMD reported third quarter
2007 revenue of US$1.632 billion, an 18 percent increase
compared to the second quarter of 2007 and a 23 percent
improvement compared to the third quarter of 2006.

Third quarter results include a negative impact of US$120
million, or US$0.22 per share, due to ATI acquisition-related,
integration and severance charges and impairment of assets.  In
the second quarter of 2007, AMD reported revenue of US$1.378
billion and an operating loss of US$457 million.  In the third
quarter of 2006, AMD reported revenue of US$1.328 billion and
operating income of US$121 million.

“We are encouraged by the progress we made in our third quarter
financial results.  We delivered a strong revenue increase,
gained 8 percentage points of gross margin and reduced our
operating loss by more than half,” said Robert J. Rivet, AMD’s
chief financial officer.  “We sold a record number of
microprocessors through our distribution channel and began
revenue shipments of Quad-core AMD Opteron processors in the
quarter.

“Graphics segment revenue increased 29 percent sequentially, as
customers increasingly adopted AMD’s new ATI Radeon HD 2000
series of graphics processors.”

Third quarter charges of US$120 million consisted of ATI
acquisition-related, integration and severance charges of
US$78 million and asset impairments of US$42 million associated
with AMD’s ownership of Spansion, Inc. common stock.

Third quarter 2007 gross margin was 41 percent, compared to
33 percent in the second quarter of 2007 and 51 percent in the
third quarter of 2006.  The increase from the prior quarter was
due to increased microprocessor unit shipments, manufacturing
efficiencies, improved inventory management, and a richer
product mix in the Computing Solutions and Graphics segments.

Computing Solutions

Third quarter Computing Solutions segment revenue was US$1.283
billion, a 17 percent sequential increase.  The increase was
driven primarily by a 19 percent increase in microprocessor
revenue.  Microprocessor unit shipments increased 16 percent
sequentially.  Mobile processor unit shipment growth remained
strong, increasing 41 percent sequentially and 68 percent year-
over-year.

Graphics

Graphics segment revenue of US$252 million grew 29 percent from
the second quarter of 2007.  The success of the new ATI Radeon
HD 2000 series of graphics processors led to increased unit
shipments and revenue.

Consumer Electronics

Third quarter Consumer Electronics segment revenue was
US$97 million, compared with US$85 million in the second
quarter of 2007 driven by improved handheld unit sales and
increased game console royalties.

Current Outlook

AMD’s outlook statements are based on current expectations.
The following statements are forward looking, and actual results
could differ materially depending on market conditions and the
factors set forth under “Cautionary Statement” below.

In the seasonally up fourth quarter, AMD expects revenue to
increase in line with seasonality.

                            About AMD

Advanced Micro Devices Inc. -- http://www.amd.com/-- (NYSE:
AMD) designs and manufactures microprocessors and other
semiconductor products.

The company has a facility in Singapore. It has sales offices in
Belgium, France, Germany, the United Kingdom, Mexico and Brazil.

                           *   *   *

As reported in the Troubled Company Reporter on Aug. 14, 2007,
Standard & Poor's Ratings Services affirmed its B/Negative/--
corporate credit rating on Sunnyvale, California-based Advanced
Micro Devices Inc.  At the same time, S&P assigned its 'B'
rating to the company's US$1.5 billion 5.75% senior convertible
notes due 2012, and raised the rating on the company's existing
senior unsecured debt to 'B' from 'B-', because the company no
longer has secured debt in its capital structure.

As reported in the Troubled Company Reporter on Aug. 13, 2007,
Fitch Ratings has assigned a 'CCC+/RR6' rating to Advanced Micro
Devices Inc.'s private placement of US$1.5 billion 5.75%
convertible senior notes due 2012.  The 'CCC+/RR6' rating also
applies to up to US$225 million of additional notes issued
within the next 30 days to cover over-allotments.  The 'BB-/RR2'
rating on AMD's US$1.69 billion Term Loan B due 2010 is affirmed
and withdrawn, as the company will use net proceeds from debt
issuance, as well as available cash, to fully repay the term
loan.

Fitch also affirmed the company's Issuer Default Rating at 'B';
and Senior unsecured debt at 'CCC+/RR6'.

As reported in the Troubled Company Reporter on July 26, 2007,
Standard & Poor's Ratings Services affirmed its 'B/Negative/--'
corporate credit rating on Sunnyvale, California-based Advanced
Micro Devices Inc.  At the same time, Standard & Poor's lowered
the rating on the company's 7.75% senior notes due 2012 to 'B-'
from 'BB-', which is now rated the same as the company's other
senior unsecured notes, reflecting release of the collateral
securing the issue.


ADVANCED MICRO: TRC Capital Offers Mini-Tender of 5 Mln Shares
--------------------------------------------------------------
Advanced Micro Devices Inc. has been notified of a "mini-tender"
offer by TRC Capital Corporation to purchase up to 5 million
shares of the company’s common stock, which represents about .90
percent of its outstanding shares.

AMD cautions its stockholders that TRC's unsolicited “mini-
tender” offer of US$13.25 per share was more than 5 percent
below the US$14.02 per share closing price of AMD stock on
October 10, 2007, the day before the “mini-tender” offer was
commenced and about 9 percent below the US$14.55 per share
closing price of AMD stock on October 18, 2007.

AMD recommends against tendering shares in response to this
unsolicited below-market offer.  AMD does not in any way
recommend or endorse the TRC Capital Corporation “mini-tender”
offer, and AMD is in no way associated with TRC Capital
Corporation, the “mini-tender” offer or the offer documentation.

TRC Capital has a history of making “mini-tender” offers for the
shares of other companies for its profit.  These offers are
devised to seek less than 5 percent of a company's outstanding
shares, thereby avoiding many procedural and disclosure
requirements of the U.S. Securities and Exchange Commission
because they are below the SEC's threshold to provide such
disclosure and procedural protections for investors.

The SEC has issued an investor alert regarding these “mini-
tender” offers, noting that "some bidders make “mini-tender”
offers at below-market prices, hoping that they will catch
investors off guard if the investors do not compare the offer
price to the current market price."  Investors are urged to
consult with their broker or financial advisor on such matters.

AMD stockholders who have already tendered are advised that they
may withdraw their shares by providing the written notice
described in the TRC Capital Corporation offering documents
prior to the expiration of the offer currently scheduled for
12:01 a.m., New York City time, on Friday, November 9, 2007.

                            About AMD

Advanced Micro Devices Inc. -- http://www.amd.com/-- (NYSE:
AMD) designs and manufactures microprocessors and other
semiconductor products.

The company has a facility in Singapore. It has sales offices in
Belgium, France, Germany, the United Kingdom, Mexico and Brazil.

                           *   *   *

As reported in the Troubled Company Reporter on Aug. 14, 2007,
Standard & Poor's Ratings Services affirmed its B/Negative/--
corporate credit rating on Sunnyvale, California-based Advanced
Micro Devices Inc.  At the same time, S&P assigned its 'B'
rating to the company's US$1.5 billion 5.75% senior convertible
notes due 2012, and raised the rating on the company's existing
senior unsecured debt to 'B' from 'B-', because the company no
longer has secured debt in its capital structure.

As reported in the Troubled Company Reporter on Aug. 13, 2007,
Fitch Ratings has assigned a 'CCC+/RR6' rating to Advanced Micro
Devices Inc.'s private placement of US$1.5 billion 5.75%
convertible senior notes due 2012.  The 'CCC+/RR6' rating also
applies to up to US$225 million of additional notes issued
within the next 30 days to cover over-allotments.  The 'BB-/RR2'
rating on AMD's US$1.69 billion Term Loan B due 2010 is affirmed
and withdrawn, as the company will use net proceeds from debt
issuance, as well as available cash, to fully repay the term
loan.

Fitch also affirmed the company's Issuer Default Rating at 'B';
and Senior unsecured debt at 'CCC+/RR6'.

As reported in the Troubled Company Reporter on July 26, 2007,
Standard & Poor's Ratings Services affirmed its 'B/Negative/--'
corporate credit rating on Sunnyvale, California-based Advanced
Micro Devices Inc.  At the same time, Standard & Poor's lowered
the rating on the company's 7.75% senior notes due 2012 to 'B-'
from 'BB-', which is now rated the same as the company's other
senior unsecured notes, reflecting release of the collateral
securing the issue.


LEVI STRAUSS: S&P Rates US$750MM Revolving Credit Facility at BB
----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its bank loan and
recovery ratings to San Francisco, California-based Levi Strauss
& Co.'s US$750 million asset-based revolving credit facility due
2012.  The facility is rated 'BB' with a recovery rating of '1',
indicating the expectation for very high (90-100%) recovery in
the event of a payment default.

"The 'BB' issue rating reflects the incorporation of recovery in
the secured issue-level rating as well as the increase in the
size of the facility," said Standard & Poor's credit analyst
Susan Ding.  The rating is based on preliminary offering
statements and is subject to review upon final documentation.


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


CHARLES JOURDAN: Bid Submission Deadline Slated for October 31
--------------------------------------------------------------
The Commercial Court of Romans-sur-Isere in Drome, France, has
put French luxury shoe maker Charles Jourdan up for sale, the
Financial Times reports, citing Les Echos and Le Figaro.

According to Le Figaro, interested buyers have until Oct. 31,
2007, to submit their bids.  A decision is due to be released on
Nov. 23, 2007.

Headquartered in Romans Sur Isere, Charles Jourdan --
http://www.charles-jourdan.fr/-- manufactures footwear.

As previously reported in the TCR-Europe on Oct. 2, 2007, the
court placed Charles Jourdan in compulsory administration on
Sept. 12, 2007, after it filed for redressment judiciaire, the
French equivalent of Chapter 11 bankruptcy protection, for the
second time.

The company first filed for bankruptcy on Aug. 22, 2005.
Avendis and Finaluxe bought the company on Nov. 2, 2005.


DELPHI CORP: Disclosure Statement Hearing Adjourned Until Nov. 8
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
rescheduled to Nov. 8, 2007, the hearing to consider the
adequacy of the disclosure statement explaining Delphi Corp.'s
plan of reorganization.

The Adequacy Hearing commenced October 3, and was initially
slated to continue October 25.

Delphi sought adjournment of the Adequacy Hearing to permit the
company to continue negotiating potential plan amendments with
key stakeholders, make appropriate amendments to both its
settlement with General Motors Corp. and the Equity Purchase
Commitment Agreement, and continue discussions with potential
exit lenders.

Delphi will file a notice of changed pages to the Disclosure
Statement on October 29, 2007, including information regarding
proposed amendments to the Disclosure Statement, the Plan, the
GM settlement and the EPCA.

Headquartered in Troy, Mich., Delphi Corporation (OTC: DPHIQ) --
http://www.delphi.com/-- is the single supplier of vehicle
electronics, transportation components, integrated systems and
modules, and other electronic technology.  The company's
technology and products are present in more than 75 million
vehicles on the road worldwide.  Delphi has regional
headquarters in Japan, Brazil and France.

The company filed for chapter 11 protection on Oct. 8, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-44481).  John Wm. Butler Jr.,
Esq., John K. Lyons, Esq., and Ron E. Meisler, Esq., at Skadden,
Arps, Slate, Meagher & Flom LLP, represent the Debtors in their
restructuring efforts.  Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins LLP,
represents the Official Committee of Unsecured Creditors.  As of
Mar. 31, 2007, the Debtors' balance sheet showed $11,446,000,000
in total assets and $23,851,000,000 in total debts.

The Debtors' exclusive plan-filing period expires on Dec. 31,
2007.  On Sept. 6, 2007, the Debtors filed their Chapter 11 Plan
of Reorganization and a Disclosure Statement explaining that
Plan.  (Delphi Bankruptcy News, Bankruptcy Creditors' Service
Inc., http://bankrupt.com/newsstand/or 215/945-7000)


EUROTUNNEL GROUP: Third Quarter Revenues Decline to EUR214.2 Mln
----------------------------------------------------------------
Eurotunnel Group (aka Groupe Eurotunnel S.A.) released its
financial results for the third quarter and nine months ended
Sept. 30, 2007.

Eurotunnel's pro forma revenues for the third quarter ended
Sept. 30, 2007 is at EUR214.2 million compared to EUR217.5
million revenues for the same period in 2006, a 2% decline in
spite of the loss of the guaranteed payments minimum usage
charge (MUC) from the railways.

This is due to the substantial increase in revenues from shuttle
services but also in those from the railways without the MUC.

Shuttle services revenues is at EUR140.6 million for the third
quarter of 2007, due mainly to the strong traffic growth from
truck and car activities.

According to the company, the growth in truck traffic was
strengthened by the Rugby World Cup.

Railways revenue is at EUR70.1 million for the third quarter of
2007.

For the nine months ended Sept. 30, 2007, Eurotunnel's revenues
was EUR587.3 million compared with the EUR621.6 million revenues
for the same period in 2006.

"A favorable climate in the third quarter has enabled us to
consolidate Eurotunnel's substantial and consistent growth since
the start of the year.  2007 looks set to be an excellent year
for Eurotunnel," Jacques Gounon, chairman and CEO of Groupe
Eurotunnel disclosed.

                       About Eurotunnel

Headquartered in Folkestone, United Kingdom and Calais, France,
Eurotunnel Group (aka Groupe Eurotunnel S.A.) --
http://www.eurotunnel.co.uk/-- operates a fleet of 25 shuttle
trains, which carry cars, coaches and trucks.  It manages the
infrastructure of the Channel Tunnel and receives toll revenues
from train operating companies whose trains pass through the
Tunnel.

The British and French governments have granted Eurotunnel a
concession to operate the Channel Tunnel until 2086.

Eurotunnel Group files reports in the U.S. Securities and
Exchange Commission under the names of Eurotunnel PLC (ETNUF.PK)
and Eurotunnel S.A. (ETTFF.PK).

At Dec. 31, 2006, Eurotunnel's balance sheet showed GBP5.25
billion in total assets, GBP6.56 billion in total liabilities
and GBP1.32 billion in shareholders' deficit.

                    Safeguard Protection

Eurotunnel obtained Aug. 2, 2006, an order placing the channel
operator under the protection of the Court pursuant to the new
safeguard legislation (Procedure de sauvegarde).  At the end of
2006, the group's creditors and bondholders approved a plan to
decrease its GBP6.2 billion debt to GBP2.84 billion.

On Jan. 15, 2007, the Court approved Eurotunnel's safeguard
plan, backed by the court-appointed representatives to the
company and to the creditors.

For the first half ended June 30, 2007, Group Eurotunnel posted
net loss of EUR32 million compared with a net loss of EUR105
million for the same period in 2006.

Since the completion at the end of June 2007 of the exchange
tender offer launched by Groupe Eurotunnel SA, TNU SA and TNU
PLC (fka Eurotunnel S.A. and Eurotunnel Plc) and their
subsidiaries TNU became a subsidiary of Groupe Eurotunnel SA.


REMY COINTREAU: Posts EUR374.5 Mln Turnover for First Half 2007
---------------------------------------------------------------
In the first six months of the 2007/2008 financial year ended
Sept. 30, 2007, Remy Cointreau’s consolidated turnover is
EUR374.5 million.  This represented year-on-year organic growth
of 9.8%.  The six months of the year was marked by strong growth
in the Group’s own brands (10.7% organic growth) and accelerated
growth in several Asian and European countries.

Divisional analysis:

(EUR millions)    6 months to    6 months to      % Change
                   Sept. 30,      Sept. 30,  Published  Organic*
                     2007           2006
--------------    -----------    ----------- -------------------
Cognac              167.5        155.8        + 7.5     + 13.0
Liqueurs & Spirits  102.1        99.5         + 2.6     + 4.9
Champagne           60.3         53.4         + 13.0    + 14.8
Sub-total           329.9        308.7        + 6.9     + 10.7
Partner Brands      44.6         45.7         - 2.5     + 3.7
                    ----         ----         -----     -----
Total               374.5        354.4        + 5.7     + 9.8

*On a like-for-like basis

Cognac

Remy Martin confirmed its good first quarter performance over
the full six months of the year.  Top-of-the-range cognacs
continued to post strong growth, especially in Asia and Europe.
Their growth rate again benefited in the last quarter from the
effect of an enhanced Group structure due to the logistical
platform established in November 2006 in Shanghai.

Coeur de Cognac was launched at the end of September.  It will
consolidate Remy Martin’s range in major European markets.
Liqueurs & Spirits - All the brands in the Liqueurs & Spirits
division registered growth, particularly Cointreau in Europe,
Metaxa in Eastern Europe and Russia, and Passoa in France and
Benelux.

Champagne

There was an excellent performance from the Piper-Heidsieck and
Charles Heidsieck champagnes in the second quarter, reflecting
early orders for Christmas and the New Year holidays. The US and
Europe confirmed their growth potential.

Partner brands

The development of Imperia vodka in the US and growth by Scotch
whiskies and Californian wines all contributed to progressive
sales.

Driven by the Group’s value strategy, performance in the first
six months of the year is in line with our guidance of
significant organic growth in operating profitability for the
2007/2008 financial year.

Headquartered in Cognac, France, Remy Cointreau --
http://www.remycointreau.com/-- offers a range of premium wine
and spirit brands, known and recognized throughout the world.
These brands include, among others, Remy Martin, Cointreau,
Passoa, Metaxa, Mount Gay Rum, Charles Heidsieck and Piper-
Heidsieck.

                          *     *     *

As reported in the Troubled Company Reporter-Europe on July 11,
2007, Moody's Investors Services changed the outlook of Remy
Cointreau SA to stable from negative and affirmed the ratings -
Corporate Family Rating at Ba2, senior unsecured at Ba2 and LGD
assessment at LGD4.


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


CHRYSLER LLC: Four Union Locals Reject UAW-Chrysler Labor Pact
--------------------------------------------------------------
Four large union locals, representing a majority vote of
Chrysler's 45,000 union members, rejected the United Auto
Workers union's pact with Chrysler LLC over the weekend,
according to various reports.

Locals from Delaware, Missouri and Ohio turned down the pact on
Saturday while a Detroit local with 2,200 UAW members, vetoed it
on Sunday.

Reports say the UAW-Chrysler pact failed to be ratified by 54%
of the members of the UAW Local 1183, in Newark, Delaware.
About 79% production workers and 66% skilled trade workers of
the 2,900-member Local 110 in Fenton, Missouri, turned down the
pact.

Union locals who vetoed the deal include the Detroit Axle plant,
the St. Louis North pick up plant and a stamping plant in
Twinsburg, Ohio.

On the other hand, UAW Local 868 in Georgia, which represents
just 94 members, accepted the labor contract.

Approximately 78% members of Local 72, a union local with 800
workers in Kenosha, Wisconsin, voted yes, while 22% were against
the deal.

As reported in the Troubled Company Reporter on Oct. 19, 2007,
Bill Parker, Chair of the 2007 UAW Chrysler National Negotiating
Committee, who voted against the new tentative labor agreement
between Chrysler LLC and the United Auto Workers union, released
a minority report to the members of the UAW Chrysler Council,
urging the Council to reject Chrysler's offer and let the
Committee return to the bargaining table.

As previously reported, the UAW Chrysler Council, which includes
local union leaders from Chrysler LLC facilities throughout the
U.S., voted overwhelmingly to recommend ratification of the
tentative agreement reached on Oct. 10, 2007.

Mr. Parker, however, disclosed that the National Negotiating
Committee had a split vote on the contract.

                       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.

                           *    *    *

On Oct. 1, 2007, Standard & Poor's Ratings Services placed its
corporate credit ratings on Chrysler LLC and DaimlerChrysler
Financial Services Americas LLC on CreditWatch with positive
implications.

As reported in the Troubled Company Reporter on Aug. 8, 2007,
Standard & Poor's Ratings Services revised its loan and recovery
ratings on Chrysler LLC (B/Negative/--), including a 'BB-'
rating to the $5 billion "first-out" first-lien term loan
tranche.  This rating, two notches above the corporate credit
rating of 'B' on Chrysler LLC, and the '1' recovery rating
indicate S&P's expectation for very high recovery in the event
of payment default.  S&P also assigned a 'B' rating to the
$5 billion "second-out" first-lien term loan tranche.  This
rating, the same as the corporate credit rating, and the '3'
recovery rating indicate S&P's expectation for a meaningful
recovery in the event of payment default.

Moody's Investors Service has affirmed Chrysler Automotive LLC's
B3 Corporate Family Rating, and the Caa1 rating of the company's
$2 billion senior secured, second lien term loan in connection
with Monday's closing of DaimlerChrysler AG's sale of a majority
interest of Chrysler Group to Cerberus Capital Management LLC.


E-MAC 2006-I: Fitch Rates D Notes at BB+ Despite Trigger Breach
---------------------------------------------------------------
Fitch Ratings has affirmed all 6 tranches of E-MAC DE 2006-I
B.V.  The Outlooks on all tranches of the German RMBS
transactions remain Stable.

E-MAC DE 2006-I, originated by GMAC-RFC Bank GmbH, is
experiencing relatively high arrears, with loans in arrears of
more than three months accounting for 2.86% of the outstanding
portfolio.  However, there is a structural trigger in this
transaction such that when arrears exceed 2% of the outstanding
balance, the reserve fund is expected to increase to 1.9% of the
initial balance until the breach is cured, which will provide
additional credit to the noteholders.

Since this trigger was breached, in May 2007, the reserve fund
target has been raised to 1.9% of the initial note balance and
the fund has been building accordingly, presently standing at
1.61%.

The deal is prepaying slowly, which has limited the growth in
credit enhancement.  This could be due in part to the originator
having the right to grant further advances to borrowers by
entering into a new loan agreement with them.  Nevertheless,
certain conditions are in place to mitigate deterioration of the
pool, such as the weighted-average current loan-to-value ratio
must not exceed 116.4% and no more than 2% of the aggregate
outstanding principal amount of the mortgages may be more than
three months in arrears.  Since the arrears trigger has been
breached, the originator will not be able to grant further
advances to borrowers, which might increase the prepayment rates
in future.

E-MAC DE 2006-I B.V.:

   -- Class A (ISIN XS0257589860): affirmed at 'AAA', Outlook
      Stable

   -- Class B (ISIN XS0257590876): affirmed at 'AA-', Outlook
      Stable

   -- Class C (ISIN XS0257591338): affirmed at 'A-', Outlook
      Stable

   -- Class D (ISIN XS0257592062): affirmed at 'BBB+', Outlook
      Stable

   -- Class E (ISIN XS0257592575): affirmed at 'BBB-', Outlook
      Stable

   -- Class F (ISIN XS0257704717): affirmed at 'BB+', Outlook
      Stable


E-MAC DE 2006-II: Fitch Rates Class F Notes at BB+
--------------------------------------------------
Fitch Ratings has affirmed all 7 tranches of E-MAC DE 2006-II
B.V.  The Outlooks on all tranches of the German RMBS
transactions remain Stable.


E-MAC DE 2006-II, the latest securitization in this series, is
performing well with three-months plus arrears at 1.22%.  This
transaction included a three-month pre-funding period.

However, there is a structural trigger in this transaction such
that when arrears exceed 2% of the outstanding balance, the
reserve fund is expected to increase to 1.9% of the initial
balance until the breach is cured, which will provide additional
credit to the noteholders.

Since this trigger was breached, in May 2007, the reserve fund
target has been raised to 1.9% of the initial note balance and
the fund has been building accordingly, presently standing at
1.61%.

The deal is prepaying slowly, which has limited the growth in
credit enhancement.  This could be due in part to the originator
having the right to grant further advances to borrowers by
entering into a new loan agreement with them.  Nevertheless,
certain conditions are in place to mitigate deterioration of the
pool, such as the weighted-average current loan-to-value ratio
must not exceed 116.4% and no more than 2% of the aggregate
outstanding principal amount of the mortgages may be more than
three months in arrears.  Since the arrears trigger has been
breached, the originator will not be able to grant further
advances to borrowers, which might increase the prepayment rates
in future.

The rating actions are:

E-MAC DE 2006-II B.V.:

   -- Class A1 (ISIN XS0276932539): affirmed at 'AAA', Outlook
      Stable

   -- Class A2 (ISIN XS0276933347): affirmed at 'AAA', Outlook
      Stable

   -- Class B (ISIN XS0276933859): affirmed at 'AA-', Outlook
      Stable

   -- Class C (ISIN XS0276934667): affirmed at 'A-', Outlook
      Stable

   -- Class D (ISIN XS0276935045): affirmed at 'BBB', Outlook
      Stable

   -- Class E (ISIN XS0276936019): affirmed at 'BBB-', Outlook
      Stable

   -- Class F (ISIN XS0276936951): affirmed at 'BB+', Outlook
      Stable


EIA DIRSCHKA: Claims Registration Ends November 12
--------------------------------------------------
Creditors of EIA Dirschka & Co. Elektroinstallation und
Anlagenbau GmbH have until Nov. 12 to register their claims with
court-appointed insolvency manager Michael C. Frege.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on Dec. 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 Leipzig
         Hall 145
         Ground Floor
         Enforcement Court
         Bernhard Goering Strasse 64
         04275 Leipzig
         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 C. Frege
         Augustusplatz 9
         04109 Leipzig
         Germany
         Tel: 0341/2167225
         Fax: 0341/2167232
         E-mail: insolvenz@cms-hs.com

The District Court of Leipzig opened bankruptcy proceedings
against EIA Dirschka & Co. Elektroinstallation und Anlagenbau
GmbH on Oct. 1.  Consequently, all pending proceedings against
the company have been automatically stayed.

The Debtor can be reached at:

         EIA Dirschka & Co. Elektroinstallation und Anlagenbau
         GmbH
         Attn: Siegfried Simon, Manager
         Bornaer Strasse 20
         04288 Leipzig
         Germany


EISKREM-TIEFKUEHLSERVICE: Claims Registration Ends Nov. 12
----------------------------------------------------------
Creditors of Eiskrem-Tiefkuehlservice Wi-Ma GmbH have until
Nov. 12 to register their claims with court-appointed insolvency
manager Dr. Birger Wilhelm.

Creditors and other interested parties are encouraged to attend
the meeting at 9:20 a.m. on Nov. 23, 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 Eutin
         Hall B
         First Stick
         Jungfernstieg 3
         23701 Eutin
         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. Birger Wilhelm
         Roeckstrasse 1
         23568 Luebeck
         Germany

The District Court of Eutin opened bankruptcy proceedings
against Eiskrem-Tiefkuehlservice Wi-Ma GmbH on Oct. 1.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Eiskrem-Tiefkuehlservice Wi-Ma GmbH
         Attn: Jens Marienfeld und Stephan Marienfeld, Manager
         Schwartauer Strasse 104
         23611 Sereetz
         Germany


FLOWTEX TECHNOLOGIES: State Not Liable for Fraud, Court Rules
-------------------------------------------------------------
The Higher Regional Court of Karlsruhe has ruled that the German
state of Baden-Wurttemberg is not liable for the fraud at
bankrupt drilling equipment manufacturer Flowtex Technologies
GmbH, which is estimated to have caused EUR1.8 billion of
damage, Bloomberg News reports.

Flowtex's 113 creditors and three insolvency administrators
sought EUR1.1 billion (US$1.6 billion) in compensation alleging
government tax authorities uncovered the fraud during audits of
the company between 1995 and 1997 and did not take action,
Bloomberg relates.

However, "after reviewing 17,000 pages of documents, we couldn't
come to the conclusion that a state tax auditor really
understood what was going on and just went on working as if
nothing happened," presiding judge Judge Michael Zoeller was
quoted by Bloomberg as saying.

Eberhard Braun, an attorney for the creditors, told Bloomberg he
has yet to analyze the ruling before deciding whether to
petition for an appeal.

The case is docketed under Case No. 12 U 208/05.

In 2000, Flowtex filed for bankruptcy after it was discovered
that the company's managers sold thousands of non-existent
drilling systems to leasing companies.

As reported in the TCR-Europe on Dec. 20, 2001, the Mannheim
court sentenced chief executive Manfred Schmider to 12 years in
jail for his role in some 2,700 bogus leasing deals.  His former
business partner, Klaus Kleiser, was also sentenced to serve
nine and a half years behind bars.

Two other partners, among them the ex-CFO of Flowtex, were
sentenced to six and a half and seven and a half years in
prison.

In 2002, Mr. Schmider's lawyer has pleaded for a reduction of
his sentence to less than six-and-a-half years.

According to Bloomberg, Mr. Schmider was released on probation
on Oct. 2, 2007, after serving two-thirds of his sentence.


GEMILUX BAUSYSTEME: Claims Registration Period Ends Nov. 15
-----------------------------------------------------------
Creditors of GEMILUX Bausysteme GmbH have until Nov. 15 to
register their claims with court-appointed insolvency manager
Matthias Landwehr.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Dec. 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 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:

         Matthias Landwehr
         Gerichtsstr. 12
         32791 Lage
         Germany

The District Court of Detmold opened bankruptcy proceedings
against GEMILUX Bausysteme GmbH on Oct. 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         GEMILUX Bausysteme GmbH
         Liemer Heide 34
         32657 Lemgo
         Germany

         Attn: Sebastian Stelze, Manager
         Suedfeldstr. 6 a
         32602 Vlotho
         Germany


GUMBMANN BAU: Creditors' Meeting Slated for November 15
-------------------------------------------------------
The court-appointed insolvency manager for Gumbmann Bau GmbH &
Co. KG, Dr. Siegfried Beck, will present his first report on the
Company's insolvency proceedings at a creditors' meeting at
2:45 p.m. on Nov. 15.

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

         The District Court of Fuerth
         Room 216
         Second Floor
         Office Building
         Baumenstrasse 28
         Fuerth
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 2:00 p.m. on Jan. 24, 2008, at the same
venue.

Creditors have until Nov. 23 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Dr. Siegfried Beck
         Stahlstr. 17
         90411 Nuremberg
         Germany
         Tel: 0911/9512850
         Fax: 0911/95128510

The District Court of Fuerth opened bankruptcy proceedings
against Gumbmann Bau GmbH & Co. KG on Oct. 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Gumbmann Bau GmbH & Co. KG
         Vacher Str. 20
         91074 Herzogenaurach
         Germany


K. STUTER: Claims Registration Ends November 15
-----------------------------------------------
Creditors of K. Stuter GmbH & Co.KG have until Nov. 15 to
register their claims with court-appointed insolvency manager
Andreas Fischer.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Dec. 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 Baden-Baden
         Hall 009a
         Ground Floor
         Gutenbergstr. 17
         76532 Baden-Baden
         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 Fischer
         Erbprinzenstr. 27
         76133 Karlsruhe
         Germany

The District Court of Baden-Baden opened bankruptcy proceedings
against K. Stuter GmbH & Co.KG on Oct. 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         K. Stuter GmbH & Co.KG
         Attn: Karl-Heinz Stuter, Manager
         Stadtbahn 1-25
         76547 Sinzheim
         Germany


LANGENER VERLAGS: Claims Registration Ends November 15
------------------------------------------------------
Creditors of Langener Verlags-GmbH have until Nov. 15 to
register their claims with court-appointed insolvency manager
Diana Aurich.

Creditors and other interested parties are encouraged to attend
the meeting at 9:05 a.m. on Dec. 6, 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 Offenbach am Main
         Hall 166N
         Building K18
         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:

         Diana Aurich
         Wilhelmstrasse 11
         63225 Langen
         Germany
         Tel: 06103-8044298
         Fax: 06103-8044335

The District Court of Offenbach am Main opened bankruptcy
proceedings against Langener Verlags-GmbH on Oct. 1.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Langener Verlags-GmbH
         Attn: Karlheinz Stornfels, Manager
         Robert-Bosch-Str. 13
         63225 Langen
         Germany


LOOK AGENTUR: Claims Registration Ends November 15
--------------------------------------------------
Creditors of LOOK Agentur-Polstermoebel mit Funktion
Verwaltungs-GmbH have until Nov. 15 to register their claims
with court-appointed insolvency manager Dr. Biner Bahr.

Creditors and other interested parties are encouraged to attend
the meeting 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 Detmold
         Hall 10a
         Gerichtsstr. 6
         32756 Detmold
         Germany

The Court will also verify the claims set out in the insolvency
manager's report on Dec. 6, while creditors may constitute a
creditors' committee or opt to appoint a new insolvency manager.

The insolvency manager can be reached at:

         Dr. Biner Bahr
         Graf-Adolf-Platz 15
         40213 Duesseldorf
         Germany

The District Court of Detmold opened bankruptcy proceedings
against LOOK Agentur-Polstermoebel mit Funktion Verwaltungs-GmbH
on Oct. 1.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         LOOK Agentur-Polstermoebel mit Funktion
         Verwaltungs-GmbH
         Eimterstr. 124
         32049 Herford
         Germany

         Attn: Karl-Heinz Rahrbach, Manager
         Schwoenkamp 6
         32479 Hille
         Germany


MUEHLE – GLASHUETTE: Creditors' Meeting Slated for November 15
--------------------------------------------------------------
The court-appointed insolvency manager for Muehle - Glashuette
GmbH nautische Instrumente und Feinmechanik, Helgi Heumann, will
present his first report on the Company's insolvency proceedings
at a creditors' meeting at 10:30 a.m. on Nov. 15.

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

         The District Court of Dresden
         Hall D131
         Olbrichtplatz 1
         01099 Dresden
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 10:15 a.m. on Dec. 6, at the same venue.

Creditors have until Nov. 23 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Helgi Heumann
         Koenigsbruecker Str. 31/33
         01099 Dresden
         Germany
         E-mail: http://www.raheumann.de/

The District Court of Dresden opened bankruptcy proceedings
against Muehle - Glashuette GmbH nautische Instrumente und
Feinmechanik on Oct. 1.  Consequently, all pending proceedings
against the company have been automatically stayed.

The Debtor can be reached at:

         Muehle - Glashuette GmbH nautische Instrumente und
         Feinmechanik
         Attn: Thilo Muehle, Manager
         Mueglitztalstr. 7
         01768 Glashuette
         Germany


PEP-MOEBEL: Claims Registration Ends Nov. 9
-------------------------------------------
Creditors of PEP-Moebel Vertriebsgesellschaft mbH & Co. KG have
until Nov. 9 to register their claims with court-appointed
insolvency manager Sylvia Fiebig.

Creditors and other interested parties are encouraged to attend
the meeting at 10:45 a.m. on Nov. 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 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:

         Sylvia Fiebig
         Jungfernstieg 51
         20354 Hamburg
         Germany

The District Court of Detmold opened bankruptcy proceedings
against PEP-Moebel Vertriebsgesellschaft mbH & Co. KG on Oct. 1.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         PEP-Moebel Vertriebsgesellschaft mbH & Co. KG
         Bahnhofstr. 9
         32816 Schieder-Schwalenberg
         Germany


RED HAT: Revenue Growth Cues S&P to Revise Outlook to Positive
--------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on
Raleigh, North Carolina-based Red Hat Inc. to positive from
stable and affirmed the ratings, including the 'B+' corporate
credit rating.  The outlook revision reflects Red Hat's
consistent growth in revenues and operating earnings and
improving financial profile.

"The ratings reflect Red Hat's narrow business profile, modest
scale relative to other rated software companies, rapid
technology evolution, and highly competitive industry
conditions," said Standard & Poor's credit analyst Molly Toll-
Reed.  "These are partially offset by some barriers to entry
provided by the large number of independent software and
hardware vendors that certify their products to work with Red
Hat, and liquidity and cash flow that are strong for the rating
level."

Red Hat provides operating and middleware software and related
services predominantly to large enterprise customers.

S&P expect to see financial leverage multiples continue to
improve over the intermediate term, driven by EBITDA growth.
Total adjusted debt to EBITDA (adjusted for stock compensation)
was 4.7x as of August 2007, compared with 6x in the prior-year
period.  While financial leverage is still relatively high,
free cash flow as a percent of debt is strong for the rating at
more than 25%, reflecting the up-front payment characteristics
of Red Hat's subscription model.


SCHIEDER-MOEBEL: Claims Registration Ends Nov. 9
------------------------------------------------
Creditors of Schieder-Moebel Vertriebs-GmbH have until Nov. 9 to
register their claims with court-appointed insolvency manager
Sylvia Fiebig.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Nov. 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 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:

         Sylvia Fiebig
         Jungfernstieg 51
         20354 Hamburg
         Germany

The District Court of Detmold opened bankruptcy proceedings
against Schieder-Moebel Vertriebs-GmbH on Oct. 1.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Schieder-Moebel Vertriebs-GmbH
         Hainbergstr. 2
         32816 Schieder-Schwalenberg
         Germany


SPECTRUM BRANDS: Postpones Strategic Asset Sale
-----------------------------------------------
Spectrum Brands, Inc., is postponing its strategic asset sale
process due to recent challenging conditions in the credit
markets.

As reported in the Troubled Company Reporter on Oct. 2, 2007,
the company signed a definitive agreement to sell the Canadian
division of its Home & Garden business segment, which operates
under the name Nu-Gro, to a new company formed by RoyCap
Merchant Banking Group and Clarke Inc.

"We are still committed to reducing outstanding indebtedness and
leverage through the sale of assets," Spectrum Brands Chief
Executive Officer Kent Hussey said.  "We believe that postponing
the auction process until such time as the
credit markets improve will allow us to achieve a full and fair
valuation of these assets."

As previously reported, Spectrum Brands put in place a
US$225 million asset-based revolving credit facility with
Goldman Sachs Credit Partners L.P. and Wachovia Bank, National
Association.  The company reiterated that this facility, which
was undrawn at Sept. 30, 2007, provides sufficient liquidity to
operate its business on an ongoing basis.

Headquartered in Atlanta, Georgia, Spectrum Brands Inc. (NYSE:
SPC) -- http://www.spectrumbrands.com/-- is a consumer products
company and a supplier of batteries and portable lighting, lawn
and garden care products, specialty pet supplies, shaving and
grooming and personal care products, and household insecticides.
Spectrum Brands' products are sold by the world's top 25
retailers and are available in more than one million stores in
120 countries around the world.  The company has manufacturing
and distribution facilities in China, Australia and New Zealand,
and sales offices in Melbourne, Shanghai, and Singapore.  The
company's European headquarters is located in Sulzbach, Germany.
The company has approximately 8,400 employees worldwide.

                          *     *     *

As reported in the Troubled Company Reporter on Oct. 3, 2007,
Fitch Ratings has assigned a 'B/RR1' rating to Spectrum Brand's
new four-year, US$225 million senior secured asset-backed loan
facility priced at LIBOR +225 basis points.  Fitch also affirmed
these ratings: Issuer Default Rating at 'CCC', US$1 billion term
loan B at 'B/RR1', EUR350 million term loan at 'B/RR1', US$700
million 7.4% senior subordinated notes at 'CCC-/RR5', US$2.9
million 8.5% senior subordinated notes at 'CCC-/RR5', and US$347
million 11.25% variable rate toggle senior subordinated notes at
'CCC- /RR5'.  The Rating Outlook is Negative.


SPIELHALLEN-WESTBAHNHOF: Claims Registration Period Ends Nov. 12
----------------------------------------------------------------
Creditors of Spielhallen-Westbahnhof-Betreiber GmbH have until
Nov. 12 to register their claims with court-appointed insolvency
manager Uwe Kassing.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on Dec. 3, 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 Lueneburg
         Hall 302
         Ochsenmarket 3
         21335 Lueneburg
         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:

         Uwe Kassing
         Pulverweg 1a
         21337 Lueneburg
         Germany
         Tel: 0 700 800 800 25
         Fax: 0 700 800 800 27

The District Court of Lueneburg opened bankruptcy proceedings
against Spielhallen-Westbahnhof-Betreiber GmbH on Oct. 1.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Spielhallen-Westbahnhof-Betreiber GmbH
         Attn: Dr. Joachim Schmidt, Manager
         Bahnhofstrasse 1
         21337 Lueneburg
         Germany


STOCK-GUSS GMBH: Claims Registration Period Ends Nov. 10
--------------------------------------------------------
Creditors of STOCK-Guss GmbH have until Nov. 10 to register
their claims with court-appointed insolvency manager Wolfgang
Weidemann.

Creditors and other interested parties are encouraged to attend
the meeting at 11:30 a.m. on Jan. 4, 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 Neumuenster
         Meeting Hall B.126
         Law Courts
         Boostedter Strasse 26
         Neumuenster
         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:

         Wolfgang Weidemann
         Wendenstrasse 4
         20097 Hamburg
         Germany

The District Court of Neumuenster opened bankruptcy proceedings
against STOCK-Guss GmbH on Oct. 1.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         STOCK-Guss GmbH
         Attn: Hanns Joachim Oellers, Manager
         Rendsburger Strasse 103-115
         24537 Neumuenster
         Germany


TECHNICAL OPERATING: Claims Registration Period Ends Nov. 6
-----------------------------------------------------------
Creditors of TOP Technical Operating Personnel GmbH have until
Nov. 6 to register their claims with court-appointed insolvency
manager Reinhold Schmid- Sperber.

Creditors and other interested parties are encouraged to attend
the meeting at 11:30 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 Kiel
         Hall 3
         Deliusstr. 22
         Kiel
         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:

         Reinhold Schmid- Sperber
         Westring 455
         24118 Kiel
         Germany
         Tel: 0431-990810
         Fax: 0431-99081-100

The District Court of Kiel opened bankruptcy proceedings against
TOP Technical Operating Personnel GmbH on Oct. 1.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         TOP Technical Operating
         Personnel GmbH
         Attn: Stefan Lange und
         Thorsten David, Managers
         Am Wellsee 26
         24146 Kiel
         Germany


THI TIEF: Claims Registration Period Ends Nov. 6
------------------------------------------------
Creditors of THI Tief-, Hoch- und Immobilienprojekt Bau GmbH
have until Nov. 6 to register their claims with court-appointed
insolvency manager Ruediger Bauch.

Creditors and other interested parties are encouraged to attend
the meeting at 10:35 a.m. on Dec. 4, 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 Magdeburg
         Hall 14
         Breiter Weg 203 - 206
         39104 Magdeburg
         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:

         Ruediger Bauch
         Schleinufer 11
         39104 Magdeburg
         Germany
         Tel: 0391/5354-0
         Fax: 0391/5354-100
         E-Mail: RBauch@schubra.de

The District Court of Magdeburg opened bankruptcy proceedings
against THI Tief-, Hoch- und Immobilienprojekt Bau GmbH on Sept.
28.  Consequently, all pending proceedings against the company
have been automatically stayed.

The Debtor can be reached at:

         THI Tief-, Hoch- und
         Immobilienprojekt Bau GmbH
         Langer Weg 41-42
         39112 Magdeburg
         Germany

         Attn: Bernd Schmidt, Manager
         Jakobstr. 38
         39104 Magdeburg
         Germany


TIEF- UND HOCHBAU: Claims Registration Ends Nov. 7
--------------------------------------------------
Creditors of Tief- und Hochbau GmbH Holst i.L. have until Nov. 7
to register their claims with court-appointed insolvency manager
Iris von Bruchhausen.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Dec. 10, 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 Schwerin
         Hall 7
         Demmlerplatz 14
         19053 Schwerin
         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:

         Iris von Bruchhausen
         Ostorfer Ufer 1
         19053 Schwerin
         Germany

The District Court of Schwerin opened bankruptcy proceedings
against Tief- und Hochbau GmbH Holst i.L. on Sept. 25.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Tief- und Hochbau GmbH Holst i.L.
         Attn: Helmut Holst
         Ernst-Thalmann-Strasse 37
         19376 Siggelkow
         Germany


TJ OSNABRUECK: Claims Registration Period Ends Nov. 6
-----------------------------------------------------
Creditors of TJ Osnabrueck GmbH have until Nov. 6 to register
their claims with court-appointed insolvency manager Michael
Selker.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Dec. 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 Osnabrueck
         Branch N 302
         Kollegienwall 10
         49074 Osnabrueck
         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 Selker
         Niedersachsenstr. 11a
         49074 Osnabrueck
         Germany
         Tel: 0541/357450
         Fax: 0541/3574511

The District Court of Osnabrueck opened bankruptcy proceedings
against TJ Osnabrueck GmbH on Oct. 2.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         TJ Osnabrueck GmbH
         Attn: Thomas Jankowski, Manager
         Neulandstr. 10
         49084 Osnabruec
         Germany


VIVA POLSTERMOEBEL-WERKE: Claims Registration Ends November 15
--------------------------------------------------------------
Creditors of VIVA Polstermoebel-Werke GmbH & Co. KG have until
Nov. 15 to register their claims with court-appointed insolvency
manager Bettina Schmudde.

Creditors and other interested parties are encouraged to attend
the meeting at 11:30 a.m. on Dec. 6, 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 Detmold
         Meeting Hall 7
         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:

         Bettina Schmudde
         Koenigstr. 1
         01097 Dresden
         Germany

The District Court of Detmold opened bankruptcy proceedings VIVA
Polstermoebel-Werke GmbH & Co. KG on Oct. 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         VIVA Polstermoebel-Werke GmbH & Co. KG
         Lebbiner Weg 1
         15859 Storkow
         Germany

         Attn: Franz-Wilhelm Walter, Manager
         Karl-Marx-Damm 37
         15526 Bad Saarow
         Germany


WALTER PORTIUS: Claims Registration Period Ends Nov. 13
-------------------------------------------------------
Creditors of Walter Portius Elektrische Anlagen Hoch- und
Niederspannung KG. (GmbH & Co.) have until Nov. 13 to register
their claims with court-appointed insolvency manager Burckhardt
Reimer.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on Dec. 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 Hamburg
         Hall B 405
         Fourth Floor Annex
         Civil Justice Bldg.
         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:

         Burckhardt Reimer
         Domstrasse 15
         20095 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against Walter Portius Elektrische Anlagen Hoch- und
Niederspannung KG. (GmbH & Co.) on Oct. 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Walter Portius Elektrische Anlagen Hoch-
         und Niederspannung KG. (GmbH & Co.)
         Attn: Peter Middelhoff, Manager
         Marlowring 1
         22525 Hamburg
         Germany


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


CELESTICA INC: Tax Benefit Error Cues Firm to Cut Q2 Earnings
-------------------------------------------------------------
Celestica Inc. disclosed an adjustment to a non-cash, deferred
tax recovery previously reported in the second quarter ended
June 30, 2007.

The company has determined that the assumptions used in the
second quarter to record a non-cash, deferred tax recovery
relating to a tax benefit resulting from a previous year’s
write-down of an acquired and subsequently restructured Canadian
operation were incorrect.  An error in the cost basis for tax
purposes of that Canadian acquisition led to the incorrect
presumption that a tax benefit could be realized in the second
quarter.

Accordingly, deferred tax recovery and GAAP net earnings for the
three and six months ended June 30, 2007 have been adjusted
downward by US$44.1 million, respectively.  Basic and diluted
GAAP earnings per share for the three and six months ended June
30, 2007 have been adjusted from US$0.11 and (US$0.04),
respectively to (US$0.08) and (US$0.23), respectively.  The
company has adjusted its prior period balances in accordance
with accounting standards and is filing amended financial
statements to reflect the change.

The change to the deferred tax recovery has no impact on
reported adjusted net earnings and adjusted net earnings per
share for the second quarter of 2007 of US$4.9 million or
US$0.02 per share, respectively, and has no impact on revenue,
operating earnings or cash.  (Adjusted net earnings is defined
as net earnings before amortization of intangible assets, gains
or losses on the repurchase of shares and debt, integration
costs related to acquisitions, option expense, option exchange
costs and other charges, net of tax and significant deferred tax
write-offs or recovery).

The company also reconfirmed its revenue outlook for the third
quarter ended September 30, 2007 of US$2.0 billion to US$2.2
billion, and its expected adjusted net earnings per share of
US$0.04 to US$0.12.

The company’s third quarter results will be released on Oct. 25,
2007, after markets close, followed by a webcast at 4:30 p.m.

                      About Celestica Inc.

Celestica Inc. (NYSE:CLS) -- http://www.celestica.com/--
provides innovative electronics manufacturing services.   its
global manufacturing and supply chain network, the company
delivers competitive advantage to companies in the computing,
communications, consumer, industrial, and aerospace and defense
end markets.   Celestica operates a highly sophisticated global
manufacturing network with operations in Brazil, China, Ireland,
Italy, Japan, Malaysia, Philippines, Puerto Rico, and the United
Kingdom, among others.

                            *   *   *

As reported in the Troubled Company Reporter on May 4, 2007,
Moody's Investors Service downgraded Celestica Inc.'s corporate
family rating to B1 from Ba3 and the senior subordinated note
ratings to B3 from B2.   Simultaneously, Moody's lowered the
company's speculative grade liquidity rating to SGL-2 from
SGL-1.


COMMSCOPE INC: S&P Affirms Ratings and Removes Negative Watch
-------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its ratings on
Hickory, North Carolina-based CommScope Inc. and Westchester,
Illinois-based Andrew Corp. and removed them from CreditWatch,
where they were placed on June 27, 2007, with negative
implications.  S&P also affirmed the 'BB-' corporate credit and
'B' subordinated debt ratings for both companies.  The ratings
on Andrew will be withdrawn following its acquisition and debt
refinancing.  The outlook is stable.

At the same time, Standard & Poor's assigned its bank loan and
recovery ratings to CommScope's US$2.5 billion first-lien credit
facilities.  The US$2.1 billion term loan and US$400 million
revolving credit facility are rated 'BB-', with a recovery
rating of '3', indicating the expectation for meaningful (50%-
70%) recovery in the event of a payment default.  Proceeds from
the term loan will be used to partially fund its US$2.6 billion
acquisition of Andrew.

"The ratings on CommScope after the acquisition reflect an
increase in leverage, a short operating track record at current
profitability levels, and integration challenges," said Standard
& Poor's credit analyst Lucy Patricola.  "These are offset
partially by solid market positions with major
telecommunications providers and good cash flow."

CommScope's market position in coaxial cable and environmentally
secure cabinets used by wireline carriers complements Andrew's
key business that provides antennae used in wireless base
stations.

CommScope's financing of the acquisition increases leverage
substantially from recent levels of about 1.5x.  Based on the
following assumptions, pro forma debt to EBITDA is about 4x,
within expectations for the rating.

CommScope is a provider of cable and connectivity solutions for
enterprise, cable, and telecom industries.  The Company is
headquartered in Hickory, North Carolina.  CommScope has
facilities in Brazil, Australia, China and Ireland.


WINDMILL CLO: Moody's Rates EUR15 Mln Class E Notes at Ba3
----------------------------------------------------------
Moody's Investors Service assigned definitive credit ratings to
the notes issued by Windmill CLO I Limited, a special purpose
company incorporated in Ireland.  The ratings are:

   -- Aaa to the EUR200,000,000 Class A-1R Senior Secured
      Revolving Floating Rate Notes due 2029;

   -- Aaa to the EUR165,000,000 Class A-1T Senior Secured
      Floating Rate Notes due 2029;

   -- Aaa to the EUR45,000,000 Class A-2A Senior Secured
      Floating Rate Notes due 2029;

   -- Aaa to the EUR15,000,000 Class A-2B Senior Secured Fixed
      Rate Notes due 2029;

   -- Aa2 to the EUR55,000,000 Class B Senior Secured Deferrable
      Floating Rate Notes due 2029;

   -- A2 to the EUR32,000,000 Class C Senior Secured Deferrable
      Floating Rate Notes due 2029;

   -- Baa2 to the EUR21,000,000 Class D Senior Secured
      Deferrable Floating Rate Notes due 2029;

   -- Ba3 to the EUR15,000,000 Class E Senior Secured Deferrable
      Floating Rate Notes due 2029; and

   -- Baa2 to the EUR 1,000,000 Class P Combination Notes due
      2029.

EUR52,000,000 Subordinated Notes due 2029 will be issued but not
rated by Moody's.

The definitive ratings of the Class A, B, C, D and E notes
address the expected loss posed to investors by the legal final
maturity in 2029.  The rating assigned to the Class P
Combination Notes addresses the ultimate repayment of the rated
balance in respect of such Combination Notes on or before the
legal final maturity, where the rated balance is equal, at any
time, to the principal amount of the Combination Notes on the
closing date as increased by the rated coupon of 0.25% and as
decreased by the aggregate of all payments made from the closing
date to such date, either through interest or principal
payments.  Moody's ratings address only the credit risks
associated with the transaction. Other non-credit risks, such as
those associated with the timing of principal prepayments and
other market risks, have not been addressed and may have a
significant effect on yield to investors.

The ratings assigned by Moody's are primarily based on:

   1. An assessment of the eligibility criteria and portfolio
      guidelines applicable to the future additions to the
      portfolio;

   2. The protection against losses through the subordination of
      the more junior classes of notes to the more senior
      classes of notes;

   3. The expertise of Mizuho Investment Management (UK) Ltd as
      the Portfolio Manager; and

   4. The legal and structural integrity of the issue.

This transaction is a high yield collateralized loan obligation
related to a portfolio of mostly European senior loans,
mezzanine loans, second lien loans, and PIK-only loans (with the
ability to include equity investments provided they are
principal protected).  This portfolio will be partially acquired
on the closing date and partially during the 12 months ramp-up
period in compliance with portfolio guidelines (which include,
among other tests, a diversity score test, a weighted average
rating factor test and a weighted average spread test).
Thereafter, the portfolio of loans will be actively managed and
the portfolio manager will have the option, on behalf of the
issuer, to buy or sell loans.  Any addition or removal of loans
will be subject to a number of portfolio criteria.  Throughout
the seven year reinvestment period, the total amount of the
portfolio may vary between EUR400,000,000 and EUR600,000,000,
depending on the total commitment amount required to be provided
by the EUR200,000,000 Class A-1R Revolving Notes.


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


ALITALIA SPA: Chairman to Recommend Possible Buyer by Nov. 10
-------------------------------------------------------------
Alitalia S.p.A. will choose the buyer for the Italian
government's 49.9% stake in the carrier on Nov. 19, 2007,
various reports say.

Alitalia chairman Maurizio Prato told the Italian parliament
that he will recommend an industrial buyer for Italy's stake
within the first ten days of November, Agenzia Giornalistica
Italia relates.  The government will then decide how to finalize
the sale of its stake.

Reuters and Dow Jones Newswires cited trade union sources as
saying that Alitalia's new owner will be known by Nov. 15.

A union source told Reuters that Mr. Prato prefers an industrial
partner for Alitalia rather than an investment fund.

"His preference is for a group that will take forward an
industrial strategy rather than funds which work with a three-
year time horizon and then want to cash in," Reuters quotes the
source as saying.

Meanwhile, Mr. Prato denied that he has chosen Air France-KLM as
Alitalia's buyer, following an announcement by the French
carrier that it expects talks to start soon.

The Financial Times reports that the Cordata Baldassarre
consortium is holding in talks with Deutsche Lufthansa AG over a
possible joint bid for Alitalia.  Antonio Baldassarre, the
consortium's organizer, said expects to conclude the days within
a few days.

As reported in the TCR-Europe on Oct. 10, 2007, Alitalia decided
to open talks, through the financial advisor Citi and industrial
advisor Roland Berger, with:

   -- OAO Aeroflot,
   -- Air France-KLM,
   -- AP Holding S.p.A.,
   -- Cordata Baldassarre,
   -- Deutsche Lufthansa AG,
   -- TPG Capital.

                         About Alitalia

Headquartered in Rome, Italy, Alitalia S.p.A. --
http://www.alitalia.it/-- provides air travel services for
passengers and air transport of cargo on national, international
and inter-continental routes.  The Italian government owns 49.9%
of Alitalia.  The company has operations in Argentina.

Despite a EUR1.4 billion state-backed restructuring in 1997,
Alitalia posted net losses of EUR256 million and EUR907 million
in 2000 and 2001 respectively.  Alitalia posted EUR93 million in
net profits in 2002 after a EUR1.4 billion capital injection.
The carrier booked annual net losses of EUR520 million in 2003,
EUR813 million in 2004, EUR168 million in 2005, and
EUR625.6 million in 2006.


ANDREW CORP: S&P Holds 'BB-' Corporate Credit & Debt Ratings
------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its ratings on
Hickory, North Carolina-based CommScope Inc. and Westchester,
Illinois-based Andrew Corp. and removed them from CreditWatch,
where they were placed on June 27, 2007, with negative
implications.  S&P also affirmed the 'BB-' corporate credit and
'B' subordinated debt ratings for both companies.  The ratings
on Andrew will be withdrawn following its acquisition and debt
refinancing.  The outlook is stable.

At the same time, Standard & Poor's assigned its bank loan and
recovery ratings to CommScope's US$2.5 billion first-lien credit
facilities.  The US$2.1 billion term loan and US$400 million
revolving credit facility are rated 'BB-', with a recovery
rating of '3', indicating the expectation for meaningful (50%-
70%) recovery in the event of a payment default.  Proceeds from
the term loan will be used to partially fund its US$2.6 billion
acquisition of Andrew.

"The ratings on CommScope after the acquisition reflect an
increase in leverage, a short operating track record at current
profitability levels, and integration challenges," said Standard
& Poor's credit analyst Lucy Patricola.  "These are offset
partially by solid market positions with major
telecommunications providers and good cash flow."

CommScope's market position in coaxial cable and environmentally
secure cabinets used by wireline carriers complements Andrew's
key business that provides antennae used in wireless base
stations.

CommScope's financing of the acquisition increases leverage
substantially from recent levels of about 1.5x.  Based on the
following assumptions, pro forma debt to EBITDA is about 4x,
within expectations for the rating.

                      About Andrew Corp.

Headquartered in Westchester, Illinois, Andrew Corporation
(NASDAQ: ANDW) -- http://www.andrew.com/-- designs,
manufactures and delivers and essential equipment and solutions
for the global communications infrastructure market.  The
company serves operators and original equipment manufacturers
from facilities in 35 countries including China, India, Italy,
Czech Republic, Argentina, Bahamas, Belize, Barbados, Bermuda
and Brazil.


FIAT SPA: European Commission Sets Inquiry Deadline to Nov. 21
--------------------------------------------------------------
The European Commission has established Nov. 21, 2007, as its
inquiry deadline for Fiat S.p.A.'s proposed acquisition of Ergom
S.p.A., Thomsom Financial reports.

As reported in the TCR-Europe on Aug. 6, 2007, Fiat is acquiring
the entire share capital of Ergom Holding for a "symbolic" price
and that Ergom is in a financial crisis and owes money to Fiat.

Ergom, which supplies car shelves and fuel tanks to Fiat,
employs 4,000 people at 11 sites in Italy, France, Brazil,
Poland, and Turkey, Thomson Financial relates citing an industry
source.  The supplier has sales of EUR540 million, 80% of which
were to Fiat.

According to TCR-Europe, Fiat considers its acquisition of Ergom
as strategic, since it would guarantee the supply of components.

                       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.  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 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.


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


AYRTAU JOLDARY: Proof of Claim Deadline Slated for Nov. 23
----------------------------------------------------------
The Specialized Inter-Regional Economic Court of North
Kazakhstan has declared LLP Ayrtau Joldary insolvent on Sept. 4.

Creditors have until Nov. 23 to submit written proofs of claims
to:

         The Specialized Inter-Regional
         Economic Court of North Kazakhstan
         Valihanov Str. 19-149
         Petropavlovsk
         North Kazakhstan
         Kazakhstan


BUILDING GROUPS: Creditors Must File Claims Nov. 23
---------------------------------------------------
LLP Building Groups KZ has declared insolvency.  Creditors have
until Nov. 23 to submit written proofs of claims to:

         LLP Building Groups KZ
         Jeltoksan Str. 111
         Almaty
         Kazakhstan


FYLYM JOLY: Claims Filing Period Ends Nov. 20
---------------------------------------------
The Specialized Inter-Regional Economic Court of South
Kazakhstan has declared LLP Fylym Joly insolvent.

Creditors have until Nov. 20 to submit written proofs of claims
to:

         The Specialized Inter-Regional
         Economic Court of South Kazakhstan
         Ilyaev Str. 24
         Shymkent
         South Kazakhstan
         Kazakhstan


GELIOS-ENERGO LLP: Creditors' Claims Due on Nov. 23
---------------------------------------------------
The Specialized Inter-Regional Economic Court of North
Kazakhstan has declared LLP Gelios-Energo insolvent on Sept. 7.

Creditors have until Nov. 23 to submit written proofs of claims
to:

         The Specialized Inter-Regional
         Economic Court of North Kazakhstan
         Valihanov Str. 19-149
         Petropavlovsk
         North Kazakhstan
         Kazakhstan


IMS-GROUP LLP: Claims Registration Ends Nov. 23
-----------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP Ims-Group (RNN 600700527478) insolvent on Aug. 27.

Creditors have until Nov. 23 to submit written proofs of claims
to:

         The Specialized Inter-Regional
         Economic Court of Almaty
         Chaplygin Str. 5
         Almaty
         Kazakhstan
         TEL: 8 701 744 68-21


KAZAKHSKAYA AKADEMIYA: Claims Deadline Slated for Nov. 23
---------------------------------------------------------
Shymkentsky Branch of JSC Kazakhskaya Akademiya Transporta I
Communikatsiyi Imeni Tynyshpayeva has declared insolvency.

Creditors have until Nov. 23 to submit written proofs of claims
to:

         Kazakhskaya Akademiya Transporta I
         Communikatsiyi Imeni Tynyshpayeva
         Aimautov Str. 1
         Shymkent
         South Kazakhstan
         Kazakhstan


ORKEN LLP: Creditors Must File Claims Nov. 23
---------------------------------------------
LLP Microcredit Organization Orken has declared insolvency.
Creditors have until Nov. 23 to submit written proofs of claims
to:

         LLP Microcredit Organization Orken
         Kabanbai batyr Str. 10
         Balpyk bi
         Koksusky District
         Almaty
         Kazakhstan


RENDESERVICE LLP: Claims Filing Period Ends Nov. 27
---------------------------------------------------
LLP Rendeservice has declared insolvency.  Creditors have until
Nov. 27 to submit written proofs of claims to:

         LLP Rendeservice
         Marecheka Str. 1/8
         050062, Almaty
         Kazakhstan


S.K. COOTON: Creditors' Claims Due on Nov. 23
---------------------------------------------
LLP S.K. Cooton Group has declared insolvency.  Creditors have
until Nov. 23 to submit written proofs of claims to:

         LLP S.K. Cooton Group
         Kunayev ave. 31
         Shymkent
         South Kazakhstan
         Kazakhstan


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


KYRGYZSTAN ABA: Creditors' Meeting Slated for October 23
--------------------------------------------------------
Creditors of JSC NAP Kyrgyzstan Aba Joldoru will convene at
10:00 a.m. on Oct. 23 at:

         JSC NAP Kyrgyzstan Aba Joldoru
         Ahunbayev Str. 184
         Bishkek
         Kyrgyzstan

The Inter-District Court of Bishkek for Economic Issues declared
JSC NAP Kyrgyzstan Aba Joldoru insolvent on Sept. 11, 2007.
Subsequently, bankruptcy proceedings were introduced at the
company.

Muktarbek Zulpukarov has been appointed temporary insolvency
manager.

Creditors must submit their proofs of claim and be registered
within seven days before the meeting with the temporary
insolvency manager.

Proxies must have authorization to vote.

The temporary insolvency manager can be reached at:

         Muktarbek Zulpukarov
         Tel: (+996 312) 54-80-73
              (0-502) 54-88-44
              (0-502) 57-38-33
              (0-555) 30-80-44


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


TIMKEN CO: Invests US$6 Million on Industrial Expansion
-------------------------------------------------------
The Timken Company disclosed the expansion of its industrial
bearing services capacity in response to the strong long-term
outlook for demand and to extend the company's heavy-industrial
customer base.  Timken will invest nearly US$6 million in this
project, which includes the opening of a new service center in
Union, S.C., and the expansion of the company's existing
industrial bearing services facility in South Bend, Indiana.

This investment will enable Timken's Indiana facility to respond
more quickly to customer needs.  The South Carolina service
location, which is currently housed within a Timken bearing
manufacturing plant, will relocate to a facility solely
dedicated to providing industrial bearing services.  The new
center will open in mid-year 2008.  When it is fully operational
in early 2009, the new center will have additional capacity to
remanufacture bearing types and brands within the 18- to 51-inch
size range.

"This investment supports Timken's global services strategy of
providing integrated maintenance services for our customers'
power transmission systems," Joseph W. Wonsettler, global
operations manager for industrial services, said.  "This
expansion will allow us to increase bearing repair capacity and
improve on-time delivery requirements for customers."

Through its industrial bearing services, Timken provides
customers with an integrated maintenance program that covers the
total lifecycle of bearings.  Services include mill maintenance
management programs, bearing remanufacturing, chock bearing
maintenance and roll and chock repair.

In addition to South Carolina and Indiana, Timken operates
bearing repair centers in India, Brazil, South Africa, China,
Romania and France.

Headquartered in Canton, Ohio, The Timken Company (NYSE: TKR) --
http://www.timken.com/-- is a manufacturer of highly engineered
bearings and alloy steels.  It also provides related components
and services such as bearing refurbishment for the aerospace,
medical, industrial and railroad industries.  The company has
operations in Argentina, Australia, Belgium, Brazil, Canada,
China, Czech Republic, England, France, Germany, Hungary, India,
Italy, Japan, Korea, Mexico, Netherlands, Poland, Romania,
Russia, Singapore, South America, Spain, Taiwan, Turkey, United
States, and Venezuela and employs 27,000 employees.

                         *     *     *

The Timken Company carries Moody's Ba1 Long-Term Corporate
Family, Senior Unsecured Debt and Probability-of-Default
Ratings.  Moody's said the outlook is stable.


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


AUTOMOBILIST OJSC: Creditors Must File Claims by Nov. 6
-------------------------------------------------------
Creditors of Automobilist OJSC have until Nov. 6 to submit
proofs of claim at:

         POB 11
         214018 Smolensk
         Russia

The Arbitration court of Smolensk commenced competitive
proceedings against the company after finding it insolvent. The
Court appointed Savina T.K. as Competitive proceedings manager.
The case is docketed under Case No. А62-1230/2007 (1333-Н).

The Debtor can be reached at:

         Automobilist OJSC
         Kapitanova Str. 13
         El'nya
         Smolensk
         Russia


GORMOLZAVOD BARYSHSKIJ: Court Hearing Slated for Jan. 21, 2008
--------------------------------------------------------------
The Arbitration court of Ulyanovsk will convene at 9:00 a.m. on
Jan. 21, 2008 to hear the bankruptcy supervision procedure on
Gormolzavod Baryshskij OJSC.  The case is docketed under Case
No. А72-4803/07-20/15-Б.

The Interim Manager is:

         Epifanov S.A.
         Krasnoarmeyskaya Str. 45
         Barysh
         433750 Ulyanovsk
         Russia
         Tel: 84-253-23-2-56

The Debtor can be reached at:

         Gormolzavod Baryshskij OJSC
         Stepnaya Str. 55
         Barysh
         433750 Ulyanovsk
         Russia


GUSEVSKOY CRYSTAL: Creditors Must File Claims by Nov. 6
-------------------------------------------------------
Creditors of Folk Vernacular Arts Gusevskoy Crystal Plant LLC
have until Nov. 6 to submit proofs of claim at:

         Block 15
         Nizhegorodskaya Str. 32
         109029 Moscow
         Russia

The Arbitration court of Vladimir commenced competitive
proceedings against the company after finding it insolvent.  The
Court appointed Rabina G.B. as Competitive proceedings manager.
The case is docketed under Case No. А11-8142/2007-К1-138Б.

The Court is located at:

         The Arbitration Court of Vladimir
         Oktyabrskiy Pr. 14
         600025 Vladimir
         Russia

The Debtor can be reached at:

         Folk Vernacular Arts Gusevskoy Crystal Plant LLC
         Kalinina str. 28
         Goose-crystal
         601500 Vladimir
         Russia


KINT AND CO: Creditors Must File Claims by Dec. 6
-------------------------------------------------
Creditors of Kint and Co. CJSC have until Dec. 6 to submit
proofs of claim at:

         Apartment 84
         Vokzal'naya Str. 22
         182100 Velikiye Luki
         Russia

The Arbitration court of Orenburg commenced competitive
proceedings on the company.  The case is docketed under Case No.
А-52-990/2007.

The Court is located at:

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


LYUL'PANSKIJ СJSC: Asset Sale Slated for November 6
---------------------------------------------------
The Competitive proceedings manager of Wood Integrated Plant
Lyul'panskij СJSC will open a public auction for the company's
properties at 10:30 a.m. on Nov. 6 at:

         Mashinostroiteley Str. 72
         Ioshkar-Ola
         RME
         Russia

The starting prices for the auctioned assets are:

   -- Lot1: RUR6,971,130; and
   -- Lot2: RUR185,500.

Interested participants have until Nov. 1 to deposit an amount
of RUR700,000(Lot1) and RUR9,000(Lot2) to the settlement account
of Wood Integrated Plant Lyul'panskij СJSC.

Bidding documents must be submitted to:

         POB 8
         424003 Ioshkar-Ola
         Russia

For any information related to the auction can be obtained at
Tel: +79600920081.


MELIORATOR CJSC: Orenburg Court Starts Competitive Proceedings
--------------------------------------------------------------
The Arbitration court of Orenburg commenced competitive
proceedings on Meliorator CJSC.  The case is docketed under Case
No. А47-6841/2007-14/7 ГК.

The Competitive proceedings manager is:

         Dzhembulatov S.M.
         Proletarskaya Str. 216
         460035 Orenburg
         Russia

The Court is located at:

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


PRIVATBANK CJSC: Fitch Affirms B IDR on Modest Capitalization
-------------------------------------------------------------
Fitch Ratings has affirmed CJSC Privatbank's ratings at Long-
term Issuer Default Rating 'B', Short-term IDR 'B', Individual
'D' and Support '4'.  The Outlook on the Long-term IDR remains
Positive.  The Support Rating Floor was affirmed at 'B'.

"Privat's ratings reflect its modest capitalization,
particularly in view of ongoing rapid loan growth and relatively
high loan concentrations.  The weak transparency of the bank's
shareholder's assets, and hence difficulties in assessing the
true level of related-party business, also weigh heavily on the
ratings," says Dmitri Angarov, an associate director in Fitch's
Banking group in Moscow.  "However, the ratings also consider
the bank's broad domestic franchise, sizeable market shares and
sound bottom-line performance, driven by its well-developed
retail and SME businesses and particularly strong positions in
certain niche markets.  Conservative loan provisioning also
provides some support for capitalization."

In light of its size and importance to the Ukrainian banking
sector, in Fitch's view the Ukrainian authorities are likely to
have a high propensity to support the bank in case of need.
However, given the authorities' ability to provide support, as
reflected in Ukraine's Long-term IDR of 'BB-', Fitch believes
that there is only limited probability that support would be
available.  The Positive Outlook on Privat's Long-term IDR
reflects that assigned to Ukraine's IDRs, as a sovereign upgrade
would raise the Support Rating Floor for the bank.

Apart from a sovereign upgrade, reduced loan concentrations,
improved transparency of shareholder assets and a further
lengthening of the funding base, helping to improve liquidity,
could contribute to an upgrade.  A significant and sustained
improvement in capitalization would also be positive for the
bank's credit profile.  Downward pressure on the Individual
Rating could result from deterioration in capitalization
resulting from a failure to manage the credit and operational
risks associated with the rapid loan growth, or significant
pressure on the bank's liquidity.

Privat is the largest bank in Ukraine by total assets (with
about 10% of system assets) and second by branch network.  Two
individuals, who also have extensive industrial assets,
ultimately own slightly more than 83% of the bank.  At end of
first half of 2007 Privat served almost 8.5 million individual
customers and more than 300,000 corporate clients (including
SMEs) through a network of more than 2,500 banking outlets
across the country.  Fitch was informed that in October 2007
Privat's shareholders approved a new equity injection of
US$300 million and aim to complete this by end-2007.


RUSAGROCAPITAL OJSC: Court Names Dronov O.V. as Liquidator
----------------------------------------------------------
The Arbitration court of Tver appointed Dronov O.V. as
Competitive proceedings manager for RusAgroCapital OJSC.  He can
be reached at:

         Dronov O.V.
         Lugovaya Str. 2
         Rzhev
         Tver
         Russia

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
N А66-10854/2004.

The Court is located at:

         The Arbitration Court of Tver
         Room 7
         Sovetskaya Str. 23b
         Tver
         Russia

The Debtor can be reached at:

         RusAgroCapital OJSC
         Lugovaya Str. 2
         Rzhev
         Tver
         Russia


STROYTEHNIKA OJSC: Court Names Dmitriev P.S. as Liquidator
----------------------------------------------------------
The Arbitration court of Chuvashia appointed Dmitriev P.S. as
Competitive proceedings manager for Kanashskij Plant
Stroytehnika (construction machinery) OJSC.

The Court commenced competitive proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
А79-9982/2005.

Creditors of the company have to submit their proofs of claim
at:

         Office 3
         Zheleznodorozhnaya Str. 28
         429335 Kanash
         Russia

The Debtor can be reached at:

         Kanashskij Plant Stroytehnika OJSC
         Krasnoarmeyskaya Str. 79
         Kanash
         Russia


TORGOVAYA MARKA: Creditors Must File Claims by Nov. 6
-----------------------------------------------------
Creditors of Torgovaya Marka Cardboard CJSC have until Nov. 6 to
submit proofs of claim at:

         Gogolya 54
         Petrozavodsk
         185035 Karelia
         Russia

The Arbitration court of Karelia commenced competitive
proceedings against the company after finding it insolvent.  The
Court appointed Idel'chik E.A. as Competitive proceedings
manager.  The case is docketed under Case No. А26-4702/2007.

The Debtor can be reached at:

         Torgovaya Marka Cardboard CJSC
         Gertsena Str. 1
         Petrozavodsk
         185035 Karelia
         Russia


UNITED FOREST-HARVESTING: Creditors Must File Claims by Nov. 6
--------------------------------------------------------------
Creditors of Forest-Harvesting Enterprise CJSC have until Nov. 6
to submit proofs of claim at:

         Office 203
         Dzerzhinskigi Str. 36
         Irkutsk
         Russia

The Arbitration court of Irkutsk commenced bankruptcy
supervision procedure on the company.  The Court appointed
Yarotskij E.B. as Interim manager.  The case is docketed under
Case No. А19-10748/07-34.

The Court is located at:

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


VYSOTA OJSC: Asset Sale Slated for November 6
---------------------------------------------
The Competitive proceedings manager of Vysota OJSC will open a
public auction for the company's properties at 11:00 a.m. on
Nov. 6 at:

         Office 7
         Pavlova Str.10/10
         Tver'
         Russia

The starting prices for the auctioned assets are:

   -- Lot1: RUR6,519,831; and
   -- Lot2: RUR5,110,000.

Interested participants have until Nov. 2 to submit their
bidding documents.  Deposit required is RUR50,000.

For any information related to the auction can be obtained at
Tel: (4822) 55-74-50.


YUKOS OIL: Moscow Court Adds RUR217 Billion to Firm's Tax Bill
--------------------------------------------------------------
The Moscow Arbitration Court ordered OAO Yukos Oil Co. to pay
RUR217.2 billion more in back taxes, RIA Novosti reports.

As reported in the TCR-Europe on Sept. 25, 2007, Russia's
Federal Tax Service asked the Moscow Arbitration Court to order
the payment of around RUR273 billion in taxes from Yukos.  The
regulator was seeking tax on the proceeds from the recent Yukos
auction and on the company's operating income.

Eduard Rebgun, Yukos' bankruptcy receiver, had estimated the
company's latest tax bill at RUR216.4 billion.

Nikolai Lashkevich, Mr. Rebgun's spokesman, had previously
warned that the company may not have sufficient funds to repay
its other creditors should the court rules in favor of the Tax
Service.

Yukos earned RUR829.99 billion from the auctions and used
RUR402.6 billion to repay major creditors, Interfax News
reported in September.

As of July 2007, creditors are claiming around RUR709 billion
against Yukos Oil.

                         About Yukos Oil

Headquartered in Moscow, Yukos Oil -- http://yukos.com/-- is an
open joint stock company existing under the laws of the Russian
Federation.  Yukos is involved in energy industry substantially
through its ownership of its various subsidiaries, which own or
are otherwise entitled to enjoy certain rights to oil and gas
production, refining and marketing assets.

The Company filed for Chapter 11 protection on Dec. 14, 2004
(Bankr. S.D. Tex. Case No. 04-47742), but the case was dismissed
on Feb. 24, 2005, by the Hon. Letitia Z. Clark.  A few days
later, the Russian Government sold its main production unit
Yugansk to a little-known firm Baikalfinansgroup for US$9.35
billion, as payment for US$27.5 billion in tax arrears for
2000- 2003.  Yugansk eventually was bought by state-owned
Rosneft, which is now claiming more than US$12 billion from
Yukos.

On March 10, 2006, a 14-bank consortium led by Societe Generale
filed a bankruptcy suit in the Moscow Arbitration Court in an
attempt to recover the remainder of a US$1 billion debt under
outstanding loan agreements.  The banks, however, sold the claim
to Rosneft, prompting the Court to replace them with the state-
owned oil company as plaintiff.

On April 13, 2006, court-appointed external manager Eduard
Rebgun filed a chapter 15 petition in the U.S. Bankruptcy Court
for the Southern District of New York (Bankr. S.D.N.Y. Case No.
06-0775), in an attempt to halt the sale of Yukos' 53.7%
ownership interest in Lithuanian AB Mazeikiu Nafta.

On May 26, 2006, Yukos signed a US$1.49 billion Share Sale and
Purchase Agreement with PKN Orlen S.A., Poland's largest oil
refiner, for its Mazeikiu ownership stake.  The move was made a
day after the Manhattan Court lifted an order barring Yukos from
selling its controlling stake in the Lithuanian oil refinery.

On Aug. 1, 2006, the Hon. Pavel Markov of the Moscow Arbitration
Court upheld creditors' vote to liquidate OAO Yukos Oil Co. and
declared what was once Russia's biggest oil firm bankrupt.


YUKOS OIL: Court Wants PwC to Provide Tax Evasion Documents
-----------------------------------------------------------
Moscow's ninth arbitration appeal court, acting on a behest of
the Federal Tax Service, has ordered ZAO PricewaterhouseCoopers
Audit and the prosecutor general's office to produce documents
showing that the auditor concealed OAO Yukos Oil Co.'s tax
evasion, The Financial Times reports.

PwC is appealing a ruling that found it guilty of colluding with
Yukos to sign false audits.  The Federal Tax Service had accused
PwC, which served as Yukos's auditor in 2002-2004, of covering
up the bankrupt company's alleged illegal financial schemes and
compiling two different audits.

According to Interfax News, the tax authority requested that PwC
provide information showing that it assisted Yukos on:

   -- registering firms abroad,

   -- creating trust agreements and "option" schemes to control
      foreign firms; and

   -- "siphoning of assets out of Russia via oil trading firms"

In June 2007, PwC said that its financial reports for Yukos for
the period 1994-2004 could no longer be relied upon, adding that
it might have received in inaccurate information with regard to
Yukos' finances from former management.

                  About PricewaterhouseCoopers

PricewaterhouseCoopers -- http://www.pwc.com/-- provides
industry-focused assurance, tax and advisory services to build
public trust and enhance value for its clients and their
stakeholders.  More than 130,000 people in 148 countries work
collaboratively across our network using Connected Thinking to
develop fresh perspectives and practical advice.

                        About Yukos Oil

Headquartered in Moscow, Yukos Oil -- http://yukos.com/-- is an
open joint stock company existing under the laws of the Russian
Federation.  Yukos is involved in energy industry substantially
through its ownership of its various subsidiaries, which own or
are otherwise entitled to enjoy certain rights to oil and gas
production, refining and marketing assets.

The Company filed for Chapter 11 protection on Dec. 14, 2004
(Bankr. S.D. Tex. Case No. 04-47742), but the case was dismissed
on Feb. 24, 2005, by the Hon. Letitia Z. Clark.  A few days
later, the Russian Government sold its main production unit
Yugansk to a little-known firm Baikalfinansgroup for
$9.35 billion, as payment for $27.5 billion in tax arrears for
2000-2003.  Yugansk eventually was bought by state-owned
Rosneft,
which is now claiming more than US$12 billion from Yukos.

On March 10, 2006, a 14-bank consortium led by Societe Generale
filed a bankruptcy suit in the Moscow Arbitration Court in an
attempt to recover the remainder of a $1 billion debt under
outstanding loan agreements.  The banks, however, sold the claim
to Rosneft, prompting the Court to replace them with the state-
owned oil company as plaintiff.

On April 13, 2006, court-appointed external manager Eduard
Rebgun filed a chapter 15 petition in the U.S. Bankruptcy Court
for the Southern District of New York (Bankr. S.D.N.Y. Case No.
06-0775), in an attempt to halt the sale of Yukos' 53.7%
ownership interest in Lithuanian AB Mazeikiu Nafta.

On May 26, 2006, Yukos signed a $1.49 billion Share Sale and
Purchase Agreement with PKN Orlen S.A., Poland's largest oil
refiner, for its Mazeikiu ownership stake.  The move was made a
day after the Manhattan Court lifted an order barring Yukos from
selling its controlling stake in the Lithuanian oil refinery.

On Aug. 1, 2006, the Hon. Pavel Markov of the Moscow Arbitration
Court upheld creditors' vote to liquidate OAO Yukos Oil Co. and
declared what was once Russia's biggest oil firm bankrupt.


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


BUCHI & CO: Zurich Court Starts Bankruptcy Proceedings
------------------------------------------------------
The Bankruptcy Court of Wald in Zurich commenced bankruptcy
proceedings against Buchi & Co on Sept. 13.

The Bankruptcy Service of Wald can be reached at:

         Bankruptcy Service of Wald
         8636 Wald
         Hinwil ZH
         Switzerland

The Debtor can be reached at:

         Buchi & Co
         Berghofstrasse 4
         8630 Ruti ZH
         Switzerland


DIVERSICUM HOLDING: Creditors' Liquidation Claims Due November 5
----------------------------------------------------------------
Creditors of JSC Diversicum Holding have until Nov. 5 to submit
their claims to:

         Baarerstrasse 43
         6300 Zug
         Switzerland

The Debtor can be reached at:

         JSC Diversicum Holding
         Zug
         Switzerland


G + G JSC: Creditors' Liquidation Claims Due December 24
--------------------------------------------------------
Creditors of JSC G + G have until Dec. 24 to submit their claims
to:

         Vogelsangstrasse 7/mail box
         8033 Zurich
         Switzerland

The Debtor can be reached at:

         JSC G + G
         8033 Zurich
         Switzerland


GUSTAV PFISTER: Zurich Court Closes Bankruptcy Proceedings
----------------------------------------------------------
The Bankruptcy Service of Winterthur in Zurich entered Sept. 12
an order closing the bankruptcy proceedings of JSC Gustav
Pfister.

The Bankruptcy Service of Winterthur can be reached at:

         Bankruptcy Service of Winterthur
         8401 Winterthur ZH
         Switzerland

The Debtor can be reached at:

         JSC Gustav Pfister
         Wildbachstr. 7
         8400 Winterthur ZH
         Switzerland


INVICTUS JSC: Creditors' Liquidation Claims Due November 1
----------------------------------------------------------
Creditors of JSC INVICTUS have until Nov. 1 to submit their
claims to:

         Tobias Somary
         Liquidator
         Dreikonigstrasse 7
         8022 Zurich
         Switzerland

The Debtor can be reached at:

         JSC INVICTUS
         Baar ZG
         Switzerland


ISOTIS INC: Interim Vote Show LifeSciences Merger Support
---------------------------------------------------------
IsoTis Inc. has revealed the interim tabulation results of the
special stockholders' meeting held on Oct. 11, 2007 and
adjourned to Oct. 23, 2007.

Prior to Oct. 11, 2007, approximately 2,555,000 shares, 36% of
the shares entitled to vote, voted for the merger with Integra
LifeSciences Holdings Corp. pursuant to an agreement and plan of
merger dated as of Aug. 6, 2007.

The votes "for" the merger represented 93% of the total number
of approximately 2,753,000 votes cast prior to Oct. 11, 2007.

As previously disclosed on Oct. 12, 2007, the number of shares
represented at the meeting was insufficient to establish the
quorum of 3,549,615 shares necessary to approve the proposed
merger.

The special stockholders' meeting has been adjourned to Oct. 23,
2007 at 7.30 a.m. Pacific time at the offices of:

         Latham & Watkins LLP
         650 Town Center Drive
         Suite 2000
         Costa Mesa CA

The vast majority of IsoTis' stockholder base resides outside
the United States of America and includes thousands of Swiss and
Dutch private individuals.  Based on the results now available,
many of these shares have not been voted.

The adjournment of the meeting will provide these and other
IsoTis stockholders additional time to vote their shares.  It
will also allow their Swiss and Dutch banks and brokers to be
more effective informing these stockholders about the
transaction, and to take and pass on their votes to the US
custodian banks.  Approximately 999,000 additional shares voting
in favor of the proposed transaction are necessary to approve
the Integra acquisition.

                       Bankruptcy Warning

The IsoTis Board of Directors continues to believe unanimously
that the interests of IsoTis' stockholders are best served by
the acquisition by Integra, and that there are no feasible
alternatives for the company and the stockholders.  If IsoTis is
unable to obtain the vote necessary to approve the proposed
transaction, the company believes it will have to seek
bankruptcy protection.

                           About IsoTis

Headquartered in Irvine, California, IsoTis Inc. (NASDAQ: ISOT)
-- http://www.isotis.com/-- is an orthobiologics company that
develops, manufactures and markets proprietary products for the
treatment of musculoskeletal diseases and disorders.  The
company's international sales headquarters are based in
Lausanne, Switzerland.

On Aug. 7, 2007 Integra and IsoTis said that they have reached a
definitive agreement to create a global orthobiologics leader.
The combination would create a comprehensive orthobiologics
portfolio, one of the largest sales organizations focused on
orthobiologics in the US, and multiple cross-selling
opportunities.  The transaction is subject to approval of
IsoTis' stockholders, as well as other closing conditions and
approvals.  Upon closing, IsoTis will become a wholly-owned
subsidiary of Integra and Integra will be one of the largest
companies in the world focused on advanced technology in
orthobiologics.


JAGER SYSTEME: Creditors' Liquidation Claims Due November 30
------------------------------------------------------------
Creditors of LLC Jager Systeme have until Nov. 30 to submit
their claims to:

         Claudio Hauser
         Liquidator
         Taminserstrasse 30
         7012 Felsberg
         Imboden GR
         Switzerland

The Debtor can be reached at:

         LLC Jager Systeme
         Domat/Ems
         Switzerland


MARABIS PLUS: Creditors' Liquidation Claims Due November 1
----------------------------------------------------------
Creditors of LLC Marabis Plus have until Nov. 1 to submit their
claims to:

         Bloch-Bollag Margarita
         Liquidator
         Witellikerstrasse 16
         8702 Zollikon
         Meilen ZH
         Switzerland

The Debtor can be reached at:

         LLC Marabis Plus
         Zollikon
         Meilen ZH
         Switzerland


OCHSEN RUTI: Zurich Court Starts Bankruptcy Proceedings
-------------------------------------------------------
The Bankruptcy Court of Wald in Zurich commenced bankruptcy
proceedings against LLC Ochsen Ruti on Sept. 13.

The Bankruptcy Service of Wald can be reached at:

         Bankruptcy Service of Wald
         8636 Wald
         Hinwil ZH
         Switzerland

The Debtor can be reached at:

         LLC Ochsen Ruti
         Ferrachstrasse 32
         8630 Ruti ZH
         Switzerland


RS JSC: Creditors' Liquidation Claims Due November 15
-----------------------------------------------------
Creditors of JSC RS have until Nov. 15 to submit their claims
to:

         Franz Zeder
         Liquidator
         Kreuzberg 20
         6252 Dagmersellen
         Willisau LU
         Switzerland

The Debtor can be reached at:

         JSC RS
         Reiden
         Willisau LU
         Switzerland


STL MANAGEMENT: Zurich Court Closes Bankruptcy Proceedings
----------------------------------------------------------
The Bankruptcy Service of Zurich entered Sept. 6 an order
closing the bankruptcy proceedings of LLC STL Management.

The Bankruptcy Service of Zurich can be reached at:

         Bankruptcy Service of Zurich
         8026 Zurich
         Switzerland

The Debtor can be reached at:

         LLC STL Management
         Hardturmstrasse 171
         8005 Zurich
         Switzerland


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


ANIKA SERVICE: Proofs of Claim Deadline Set October 23
------------------------------------------------------
Creditors of LLC Anika Service (code EDRPOU 34299842) have until
Oct. 23 to submit written proofs of claim to:

         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 case is
docketed as 23/288-b.

The Debtor can be reached at:

         LLC Anika Service
         Pobeda Avenue 136
         03115 Kiev
         Ukraine


AVIA LLC: Proofs of Claim Deadline Set October 23
-------------------------------------------------
Creditors of LLC Electron Device Avia (code EDRPOU 34297949)
have until Oct. 23 to submit written proofs of claim to:

         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 case is
docketed as 23/284-b.

The Debtor can be reached at:

         LLC Electron Device Avia
         Pobeda Avenue 136
         03115 Kiev
         Ukraine


BEREG LLC: Proofs of Claim Deadline Set October 23
--------------------------------------------------
Creditors of LLC Trade House Bereg (code EDRPOU 33601562) have
until Oct. 23 to submit written proofs of claim to:

         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 case is
docketed as 23/285-b.

The Debtor can be reached at:

         LLC Trade House Bereg
         Pobeda Avenue 136
         03115 Kiev
         Ukraine


BUDIVELNYK LLC: Proofs of Claim Deadline Set October 23
-------------------------------------------------------
Creditors of LLC Building Company Budivelnyk (code EDRPOU
33295433) have until Oct. 23 to submit written proofs of claim
to:

         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 case is
docketed as 23/287-b.

The Debtor can be reached at:

         LLC Building Company Budivelnyk
         Ravel Pestel Str. 11
         01135 Kiev
         Ukraine


DVURECHNAYA ENTERPRISE: Creditors Must File Claims by October 23
----------------------------------------------------------------
Creditors of Dvurechnaya Enterprise of Heat Networks (code
EDRPOU 32522312) have until Oct. 23 to submit written proofs of
claims to:

         The Economic Court of Kharkov
         Derzhprom 8th Entrance
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy supervision
procedure on the company.  The case is docketed as B-48/131-07.

The Debtor can be reached at:

         Dvurechnaya Enterprise of Heat Networks
         Osenin Str. 7
         Dvurechnaya
         Dvurechnaya District
         63661 Kharkov
         Ukraine


ELECTRO TECHNICAL: Proofs of Claim Deadline Set October 23
----------------------------------------------------------
Creditors of LLC Electro Technical Building (code EDRPOU
34718909) have until Oct. 23 to submit written 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 as 21/198/07.

The Debtor can be reached at:

         LLC Electro Technical Building
         Dudikin Str. 7/17
         69065 Zaporozhje
         Ukraine


KUPIANSK AGRICULTURAL: Proofs of Claim Deadline Set October 23
--------------------------------------------------------------
Creditors of OJSC Kupiansk Agricultural Technical Service (code
EDRPOU 03762070) have until Oct. 23 to submit written proofs of
claims to:

         The Economic Court of Kharkov
         Derzhprom 8th Entrance
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as B-24/94-07.

The Debtor can be reached at:

         OJSC Kupiansk Agricultural Technical Service
         Seniok
         Kupiansk District
         Kharkov
         Ukraine


LARGOVSKOE BREADRECEIVING: Creditors Must File Claims by Oct. 23
----------------------------------------------------------------
Creditors of LLC Largovskoe Breadreceiving Enterprise (code
EDRPOU 30823978) have until Oct. 23 to submit written proofs of
claim to:

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

The Economic Court of Donetsk commenced bankruptcy supervision
procedure on the company.  The case is docketed as 27/152B.

The Debtor can be reached at:

         LLC Largovskoe Breadreceiving Enterprise
         Sovetskaya Str. 16
         Alexandrovka
         Alexandrovsky District
         84000 Donetsk
         Ukraine


LOZOVAYA EDUCATION-PRODUCTION: Proofs of Claim Due October 23
-------------------------------------------------------------
Creditors of Lozovaya Education-Production Complex (code EDRPOU
03288929) have until Oct. 23 to submit written proofs of claims
to:

         The Economic Court of Kharkov
         Derzhprom 8th Entrance
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as B-19/205-07.

The Debtor can be reached at:

         Lozovaya Education-Production Complex
         Svetlovschina
         Lozovaya District
         Kharkov
         Ukraine


NAFTOGAZ UKRAINY: Eyes US$200 Million Loan to Repay Gazprom Debt
----------------------------------------------------------------
NAK Naftogaz Ukrainy will borrow US$200 million to repay its
debt to OAO Gazprom by Nov. 1, 2007, the Ukrainian Journal
reports.

According to a debt agreement recently signed in Moscow, Russia,
Naftogaz and local gas trader UkrGaz-Energo have to repay around
US$929 million to Gazprom this month to avoid gas supply cuts.

                     About Naftogaz Ukrainy

Headquartered in Kiev, Ukraine, NAK Naftogaz Ukrainy --
http://www.naftogaz.com/-- processes gas, oil and condensate at
the Company's five gas processing plants, which produce LPG,
motor fuels and other types of petroleum products.  Over 97% of
the oil and gas in Ukraine is produced by the enterprises of the
Company.

                            *   *   *

As of June 14, 2007, NAK Naftogaz Ukraine carries a Ba3
Corporate Family Rating, a Ba2 Senior Unsecured Debt rating, and
a Ba3 Probability-of-Default rating from Moody's with a stable
outlook.

The company also carries a B+ Issuer Default Rating from Fitch.
Fitch said the rating outlook is stable.


NOVY BUG COMBINE: Proofs of Claim Deadline Set October 23
---------------------------------------------------------
Creditors of OJSC Novy Bug Combine of Bread Products (code
EDRPOU 00952083) have until Oct. 23 to submit written 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 as 2/32/07.

The Debtor can be reached at:

         OJSC Novy Bug Combine of Bread Products
         Novy Bug, Vatutin Str. 1
         55600 Nikolaev
         Ukraine


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


ADVANCED MICRO: Posts US$396 Mln Net Loss for Third Quarter 2007
----------------------------------------------------------------
Advanced Micro Devices, Inc. reported an operating loss of
US$226 million, and a net loss of US$396 million.  In the
third quarter, AMD reported third quarter 2007 revenue of
US$1.632 billion, an 18 percent increase compared to the second
quarter of 2007 and a 23 percent improvement compared to the
third quarter of 2006.

Third quarter results include a negative impact of US$120
million, or US$0.22 per share, due to ATI acquisition-related,
integration and severance charges and impairment of assets.  In
the second quarter of 2007, AMD reported revenue of US$1.378
billion and an operating loss of US$457 million.  In the third
quarter of 2006, AMD reported revenue of US$1.328 billion and
operating income of US$121 million.

“We are encouraged by the progress we made in our third quarter
financial results.  We delivered a strong revenue increase,
gained 8 percentage points of gross margin and reduced our
operating loss by more than half,” said Robert J. Rivet, AMD’s
chief financial officer.  “We sold a record number of
microprocessors through our distribution channel and began
revenue shipments of Quad-core AMD Opteron processors in the
quarter.

“Graphics segment revenue increased 29 percent sequentially, as
customers increasingly adopted AMD’s new ATI Radeon HD 2000
series of graphics processors.”

Third quarter charges of US$120 million consisted of ATI
acquisition-related, integration and severance charges of
US$78 million and asset impairments of US$42 million associated
with AMD’s ownership of Spansion, Inc. common stock.

Third quarter 2007 gross margin was 41 percent, compared to
33 percent in the second quarter of 2007 and 51 percent in the
third quarter of 2006.  The increase from the prior quarter was
due to increased microprocessor unit shipments, manufacturing
efficiencies, improved inventory management, and a richer
product mix in the Computing Solutions and Graphics segments.

Computing Solutions

Third quarter Computing Solutions segment revenue was US$1.283
billion, a 17 percent sequential increase.  The increase was
driven primarily by a 19 percent increase in microprocessor
revenue.  Microprocessor unit shipments increased 16 percent
sequentially.  Mobile processor unit shipment growth remained
strong, increasing 41 percent sequentially and 68 percent year-
over-year.

Graphics

Graphics segment revenue of US$252 million grew 29 percent from
the second quarter of 2007.  The success of the new ATI Radeon
HD 2000 series of graphics processors led to increased unit
shipments and revenue.

Consumer Electronics

Third quarter Consumer Electronics segment revenue was
US$97 million, compared with US$85 million in the second
quarter of 2007 driven by improved handheld unit sales and
increased game console royalties.

Current Outlook

AMD’s outlook statements are based on current expectations.
The following statements are forward looking, and actual results
could differ materially depending on market conditions and the
factors set forth under “Cautionary Statement” below.

In the seasonally up fourth quarter, AMD expects revenue to
increase in line with seasonality.

                            About AMD

Advanced Micro Devices Inc. -- http://www.amd.com/-- (NYSE:
AMD) designs and manufactures microprocessors and other
semiconductor products.

The company has a facility in Singapore. It has sales offices in
Belgium, France, Germany, the United Kingdom, Mexico and Brazil.

                           *   *   *

As reported in the Troubled Company Reporter on Aug. 14, 2007,
Standard & Poor's Ratings Services affirmed its B/Negative/--
corporate credit rating on Sunnyvale, California-based Advanced
Micro Devices Inc.  At the same time, S&P assigned its 'B'
rating to the company's US$1.5 billion 5.75% senior convertible
notes due 2012, and raised the rating on the company's existing
senior unsecured debt to 'B' from 'B-', because the company no
longer has secured debt in its capital structure.

As reported in the Troubled Company Reporter on Aug. 13, 2007,
Fitch Ratings has assigned a 'CCC+/RR6' rating to Advanced Micro
Devices Inc.'s private placement of US$1.5 billion 5.75%
convertible senior notes due 2012.  The 'CCC+/RR6' rating also
applies to up to US$225 million of additional notes issued
within the next 30 days to cover over-allotments.  The 'BB-/RR2'
rating on AMD's US$1.69 billion Term Loan B due 2010 is affirmed
and withdrawn, as the company will use net proceeds from debt
issuance, as well as available cash, to fully repay the term
loan.

Fitch also affirmed the company's Issuer Default Rating at 'B';
and Senior unsecured debt at 'CCC+/RR6'.

As reported in the Troubled Company Reporter on July 26, 2007,
Standard & Poor's Ratings Services affirmed its 'B/Negative/--'
corporate credit rating on Sunnyvale, California-based Advanced
Micro Devices Inc.  At the same time, Standard & Poor's lowered
the rating on the company's 7.75% senior notes due 2012 to 'B-'
from 'BB-', which is now rated the same as the company's other
senior unsecured notes, reflecting release of the collateral
securing the issue.


AMR CORP: Earns US$175 Million in Third Quarter Ended Sept. 30
--------------------------------------------------------------
AMR Corporation, the parent company of American Airlines Inc.,
disclosed Wednesday a net profit of US$175 million for the third
quarter of 2007.  The results for the third quarter of 2007
include the impact of a US$40 million charge to reflect an
adjustment for additional salary and benefit expense accruals
related to years 2003 through 2006 and the first six months of
2007.

The current quarter results compare to a net profit of US$15
million for the third quarter of 2006.  The year-ago results
included a US$99 million non-cash charge in Other Income to
reduce the book value of certain outstanding fuel hedge
contracts.

AMR reported third quarter consolidated revenues of
approximately US$5.9 billion, an increase of 1.7% year over
year.  Other revenues, including sales from such sources as
confirmed flight changes, purchased upgrades, Buy-on-Board food
services and third-party maintenance work, increased 5.7% year
over year to US$352 million in the third quarter.

"While record fuel prices in the third quarter were a reminder
of the external challenges that we continue to face, we again
demonstrated our ongoing progress by posting our sixth straight
profitable quarter and our largest net profit in any third
quarter since 2000," said AMR chairman and chief executive
officer Gerard Arpey.  "We continued to improve our balance
sheet while investing in key customer service initiatives,
including taking steps to renew our fleet, add new routes, and
enhance several products and services.  However, we must step up
our continued focus on managing costs, work to improve our
profit margins and continue our momentum throughout 2007 and
beyond."

                     Operational Performance

American's mainline passenger revenue per available seat mile
increased by 5.0% in the third quarter compared to the year-ago
quarter.

Mainline capacity, or total available seat miles, in the third
quarter decreased 2.8% compared to the same period in 2006, as
the company continued to flatten its schedule to more
efficiently utilize its fleet and other resources.

American's mainline load factor -- or the percentage of total
seats filled -- was a record 83.9% during the third quarter,
compared to 81.7% in the third quarter of 2006.  American's
third-quarter yield, which represents average fares paid,
increased 2.3%
compared to the third quarter of 2006, its 10th consecutive
quarter of year-over-year yield increases.

American's mainline cost per available seat mile in the third
quarter increased 3.9% year over year, which was 0.8 percentage
points higher than it would have been as a result of the
US$40 million charge to adjust salary and benefit expense
accruals from prior periods. A pproximately US$30 million of the
charge is attributable to years 2003 through 2006 and
approximately US$10 million is attributable to the first half of
2007.

Third quarter unit costs were also negatively affected by
factors such as accelerated depreciation on assets being
replaced through planned aircraft cabin refurbishment projects;
certain investments to improve the customer experience; higher
revenue-related expenses such as food and beverage and credit
card fees; and weather cancellations in July.

Excluding fuel and the charge, mainline unit costs in the third
quarter increased by 4.0% year over year.  Arpey said that the
company continues working to achieve US$300 million in targeted
cost savings for 2007 and continues to focus on cost
containment.  Among recent examples, American earlier this month
announced a consolidation of its reservations offices that will
affect the Cincinnati Reservations Office, effective September
2008.  While all of the CRO employees have been offered jobs
within American's Reservations group, by consolidating its
reservations operations American is able to reduce costs.

                    Balance Sheet Improvement

AMR continued to strengthen its balance sheet in the third
quarter by further reducing debt and improving its liquidity
position.  AMR ended the third quarter with US$5.8 billion in
cash and short-term investments, including a restricted balance
of US$447 million, compared to a balance of US$5.5 billion in
cash and short-term investments, including a restricted balance
of US$464 million, at the end of the third quarter of 2006.

AMR reduced Total Debt, which it defines as the aggregate of its
long-term debt, capital lease obligations, the principal amount
of airport facility tax-exempt bonds and the present value of
aircraft operating lease obligations, to US$16.6 billion at the
end of the third quarter of 2007, compared to US$19 billion a
year earlier.  AMR reduced Net Debt, which it defines as Total
Debt less unrestricted cash and short-term investments, from
US$14 billion at the end of the third quarter of 2006 to
US$11.2 billion in the third quarter of 2007.

As a result of scheduled principal payments as well as
incremental efforts to strengthen its balance sheet, AMR's net
interest expense for the first nine months of 2007 was US$133
million lower than in the same period in 2006, a 23% reduction.

AMR contributed US$200 million to its defined benefit pension
plans in the third quarter, as the company continues to meet
this important commitment to its employees.  With the third
quarter contribution, the company has contributed US$380 million
to these plans in 2007, meeting its projected commitment for the
year.  The company has contributed nearly US$2 billion to these
plans since 2002.

                      About AMR Corporation

Headquartered in Forth Worth, Texas, AMR Corporation (NYSE:
AMR) operates with its principal subsidiary, American Airlines
Inc. -- http://www.aa.com/-- a worldwide scheduled passenger
airline.  At the end of 2006, American provided scheduled jet
service to about 150 destinations throughout North America, the
Caribbean, Latin America, Europe and Asia.  American is also a
scheduled airfreight carrier, providing freight and mail
services to shippers throughout its system.

Its wholly owned subsidiary, AMR Eagle Holding Corp., owns two
regional airlines, American Eagle Airlines Inc. and Executive
Airlines Inc., and does business as "American Eagle."  American
Beacon Advisors Inc., a wholly owned subsidiary of AMR, is
responsible for the investment and oversight of assets of AMR's
U.S. employee benefit plans, as well as AMR's short-term
investments.

                          *     *     *

As reported in the Troubled Company Reporter on May 25, 2007,
Standard & Poor's Ratings Services assigned its 'CCC+' rating to
American Airlines Inc.'s (B/Positive/--) US$125 million
Dallas/Fort Worth International Airport special facility revenue
refunding bonds, series 2007, due 2030.  The bonds are
guaranteed by American's parent, AMR Corp. (B/Positive/B-2), and
are secured by payments made by American to the airport
authority.  Proceeds are being used to refund the outstanding
revenue bonds, series 1992 (rated 'CCC+'), whose rating is
withdrawn.


ARROWPLUS LTD: Brings In Liquidators from KPMG
----------------------------------------------
Richard James Philpott and Finbarr Thomas O'Connell of KPMG LLP
were appointed joint liquidators of Arrowplus Ltd. on Oct. 12
for the creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

         KPMG LLP
         2 Cornwall Street
         Birmingham
         B3 2DL
         England


BUSINESS UNION: Calls In Liquidators from Tenon Recovery
--------------------------------------------------------
Paul W. Ellison and Robert C. Keyes of Tenon Recovery were
appointed joint liquidators of Business Union Distribution Ltd.
on Oct. 2 for the creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

         Tenon Recovery
         Dukesbridge House
         23 Duke Street
         Reading
         Berks
         RG1 4SA
         England


CHEYNE FINANCE: Receivers Declare Insolvency Event
--------------------------------------------------
Neville Kahn, Nick Edwards and Nicholas Dargan of Deloitte &
Touche LLP, the receivers of Cheyne Finance plc, determined on
Oct. 17, 2007, that the Issuer is, or is about to become, unable
to pay its debts as they fall due to "Senior Creditors" and any
other persons whose claims against the Issuer are required to be
paid in priority thereto, as contemplated by Section 123(1) of
the United Kingdom Insolvency Act 1986.

Accordingly, the receivers have notified The Bank of New York,
as Security Trustee, that an "Insolvency Event" has occurred.

The receivers are making good progress in their pursuit of
refinancing and whole book solutions and are in advanced
negotiations with a number of parties.

"The Cheyne Finance receivership is highly complex but we are
very pleased with the progress being made to implement a
refinancing or whole book solution of which we are in advanced
negotiations.  [Wednes]day's determination has not had a
detrimental effect on these negotiations and we have no need for
immediate liquidation of the assets within the book," Neville
Kahn, receiver and Deloitte partner, commented.

On Sept. 4, 2007, Nick Edwards, Neville Kahn and Nick Dargan of
Deloitte have been appointed receivers of Cheyne Finance.

The appointment of a receiver is required under the terms of the
company's Security Trust Deed following the occurrence of an
Enforcement Event.  The appointment has been duly made by The
Bank of New York as Security Trustee.

On Aug. 28, 2007, mark-to-market losses in the Investment
Portfolio of Cheyne Finance have caused a breach of the Major
Capital Loss Test and therefore triggered an Enforcement Event.

Cheyne Finance plc is a structured investment vehicle managed by
Cheyne Capital Management Ltd.

                          *     *     *

As reported in the TCR-Europe on Oct. 8, 2007, Moody's Investors
Service downgraded the ratings assigned to the Medium Term Note
and Commercial Paper programs of Cheyne Finance PLC and Cheyne
Finance LLC (Cheyne Finance) as:

   * Euro MTN and US MTN programs

   -- Current rating: Aaa on review for possible downgrade;
   -- New Rating: Ba3 on review with direction uncertain.

   * Euro Commercial Paper, US Commercial Paper, Euro MTN, and
     US MTN programs

   -- Current Rating: Prime-1 on review for possible downgrade;
   -- New Rating: Not Prime

In September 2007, Standard & Poor's Ratings Services lowered
its rating on the mezzanine capital notes issued by Cheyne
Finance PLC and Cheyne Finance LLC, two co-issuing structured
investment vehicles, to 'CCC-' from 'B-'.  The rating remains on
CreditWatch with negative implications, where it was placed
Aug. 28, 2007.

Cheyne Finance PLC/Cheyne Finance LLC Up to US$20 billion
   European and U.S. CP and MTN program

                                       Rating
   Class                        To                 From
   -----                        --                 ----
   Mezzanine capital notes      CCC-/Watch Neg     B-/Watch Neg


HEWITT MROZEK: Joint Liquidators Take Over Operations
-----------------------------------------------------
Robert Adamson and Paul Charlton of Mazars LLP were appointed
joint liquidators of Hewitt Mrozek Investigations Ltd. on
Sept. 28 for the creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

         Mazars LLP
         Mazars House
         Gelderd Road
         Gildersome
         Leeds
         LS27 7JN
         England


JTMB REALISATIONS: Taps Liquidators from DTE Leonard Curtis
-----------------------------------------------------------
J. M. Titley and N. Bennett of DTE Leonard Curtis were appointed
joint liquidators of JTMB Realisations Plc on Sept. 12 for the
creditors' voluntary winding-up procedure.

The joint liquidators can be reached at:

         DTE Leonard Curtis
         DTE House
         Hollins Mount
         Hollins Lane
         Bury
         Lancs
         BL9 8AT
         England


MATRIX TELECOM: Claims Filing Period Ends November 12
-----------------------------------------------------
Creditors of Matrix Telecommunications Ltd. have until Nov. 12
to send their names and addresses and particulars of their
claims by notice in writing from the Joint Liquidators,
personally or by their solicitors.

The joint liquidators of the company are:

         Matthew Colin Bowker and David Antony Willis
         Tenon Recovery
         Europarc Innovation Centre
         Innovation Way
         Grimsby
         N E Lincs
         DN37 9TT
         England

Matthew Colin Bowker and David Antony Willis of Tenon Recovery
were appointed joint liquidators of the company on Oct. 3 for
the creditors' voluntary winding-up proceeding.


MFW PLUMBING: Names Philip Michael Lyon Liquidator
--------------------------------------------------
Philip Michael Lyon of Mazars LLP was appointed liquidator of
MFW Plumbing & Heating Ltd. on Oct. 8 for the creditors'
voluntary winding-up procedure.

The liquidator can be reached at:

         Mazars LLP
         Cartwright House
         Tottle Road
         Nottingham
         NG2 1RT
         England


PRICEWISE RETAIL: Claims Filing Period Ends November 9
------------------------------------------------------
Creditors of Pricewise Retail Inc. Ltd. have until Nov. 9 to
send in their full names, their addresses and descriptions, full
particulars of their debts and claims, and names and addresses
of their solicitors (if any) to:

         Jeremy Woodside
         Liquidator
         Tenon Recovery
         Arkwright House
         Parsonage Gardens
         Manchester
         M3 2LF
         England

Jeremy Woodside of Tenon Recovery was appointed liquidator of
the company on Oct. 8 for the creditors' voluntary winding-up
procedure.


REMY WORLDWIDE: Wants to Assume Caterpillar Inventory Agreement
---------------------------------------------------------------
Remy Worldwide Holdings Inc. and its debtor-affiliates ask
authority from the U.S. Bankruptcy Court for the District of
Delaware to assume an inventory purchase agreement with
Caterpillar Inc.

The Debtors sold their diesel engine remanufacturing business to
Caterpillar for roughly $158 million, pursuant to an asset
purchase agreement dated Jan. 29, 2007.  The Debtors also
entered into outsourcing agreements with Caterpillar, which will
become the Debtors' exclusive supplier of remanufactured heavy
duty starters and alternators.  Caterpillar would acquire
certain machinery and equipment related to the heavy duty
starter and alternator remanufacturing business.

The initial closing occurred June 25, 2007.  On the same day,
the parties amended the Asset Purchase Agreement to provide, for
among other things, the Debtors' sale, for $7.16 million,
certain inventory, machinery, equipment and other assets used
designing, remanufacturing, assembling, testing, marketing and
selling remanufactured heavy duty rotating electrics, including
starters and alternators in North America through the Debtors'
facilities in Mississippi.

Kenneth J. Enos, Esq., at Young Conaway Stargatt & Taylor, LLP,
in Wilmington, Delaware, the Debtors' proposed co-counsel, told
the Court that under a related inventory purchase agreement,
Remy Reman, L.L.C. and Remy International, Inc., would sell to
Caterpillar Reman Acquisition Two LLC:

   1. alternator core work-in-process inventory having an
      aggregate purchase price of $87,000;

   2. alternator new parts having an aggregate purchase price
      of $1.28 million;

   3. starter core inventory having aggregate value of
      $2,421,000;

   4. starter core work-in-process inventory having an
      aggregate purchase price of $2.29 million; and

   5. starter new parts having an aggregate purchase price of
      $748,000.

Mr. Enos says the Inventory Purchase Agreement contemplates the
transfer of Inventory aggregating roughly $6.80 million.

The Inventory Purchase Agreement also provides that Caterpillar
may elect to adjust purchase prices for the starter core
inventory using the per unit market value of the Purchased
Inventory as determined using a methodology agreed to between
the parties.  If either party disagrees with the adjusted
inventory value for the starter core inventory, the parties will
resolve the disagreement using dispute resolution process
applicable to alternator core inventory set forth in the Asset
Purchase Agreement.

Mr. Enos said the purchase price does not include any sales,
use, excise or other taxes that the Debtors may be required to
pay in connection with the Inventory sale.  The amount of any
applicable present or future tax will be paid by Caterpillar as
an additional charge or, in lieu of that, Caterpillar will
provide the Debtors with a tax exemption certificate acceptable
to the relevant taxing authorities.

The parties also agreed to certain indemnification provisions.

The Debtors further ssought permission to continue the transfer
of the remainder of the Purchased Inventory, free and clear of
all liens, claims and encumbrances.

Assumption of the Inventory Purchase Agreement is in the best
interest of the Debtors, their estates and creditors, Mr. Enos
contended.  He explained that the sale will result in lower
product costs for the Debtors and represented the highest or
otherwise best offer for the Purchased Assets.

Mr. Enos also asserted that the the sale of the remainder of the
Purchased Inventory is an integral part of the Caterpillar
transaction, which has been substantially consummated.

The purchase price, Mr. Enos said, was determined after good
faith, arm's-length negotiations.  "Accordingly, the Debtors
will realize consideration for the Purchased Assets and the
Remainder of the Purchased Inventory that will be fair and
reasonable," Mr. Enos maintained.

                      About Remy Worldwide

Based in Anderson, Indiana, Remy Worldwide Holdings Inc. acts as
a holding company of all the outstanding capital stock of Remy
International Inc.  Remy International --http://www.remyinc.com/
-- manufactures, remanufactures and distributes Delco Remy brand
heavy-duty systems and Remy brand starters and alternators,
locomotive products and hybrid power technology.  The company
also provides a worldwide components core-exchange service for
automobiles, light trucks, medium and heavy-duty trucks and
other heavy-duty, off-road and industrial applications.  Remy
has operations in the United Kingdom, Mexico and Korea, among
others.

The company and its debtor-affiliates filed for Chapter 11
protection on Oct. 8, 2007 (Bankr. D. Del. Cases No. 07-11481 to
07-11509).  Douglas P. Bartner, Esq., Fredric Sosnick, Esq., and
Michael H. Torkin, Esq., at Shearman & Sterling LLP, represent
the Debtors' in their restructuring efforts.  Pauline K. Morgan,
Esq., Edmon L. Morton, Esq., and Kenneth J. Enos, Esq., at Young
Conaway Stargatt & Taylor, LLP, serve as co-counsels to the
Debtors.  The Debtors' claims agent is Kurtzman Carson
Consultants LLC and their restructuring advisor is
AlixPartners, LLC.

At Sept. 30, 2006, Remy Worldwide's balance sheet showed total
assets of $919,736,000 and total liabilities of $1,265,648,000.
(Remy Bankruptcy News; Issue No. 3, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


REMY WORLDWIDE: Selects Shearman & Sterling as Lead Counsel
-----------------------------------------------------------
Remy Worldwide Holdings Inc. and its debtor-affiliates seek the
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ Shearman & Sterling LLP as their lead
bankruptcy counsel, nunc pro tunc to Oct. 8, 2007.

The Debtors selected Shearman & Sterling because the firm
possesses extensive knowledge in the areas of law relevant to
the Debtors' case.  Shearman & Sterling has represented debtors,
creditors, creditors' committees, lenders, and various parties-
in-interest in numerous Chapter 11 cases.  Shearman & Sterling
has also developed significant knowledge of the Debtors' affairs
and issues, as a result of the firm's prepetition representation
of the Debtors.

As counsel, Shearman & Sterling will:

   (a) provide legal advice with respect to the Debtors' duties
       in the continued operation of their business and
       management of properties;

   (b) prepare all necessary applications, motions, answers,
       orders, reports and other legal papers on behalf of the
       Debtors;

   (c) pursue the confirmation of the Debtors' Plan of
       Reorganization, or of an alternative Plan, if necessary;
       and the approval of corresponding solicitation
       procedures and disclosure statements;

   (d) attend meetings and negotiations with creditors, equity
       holders, prospective investors, acquirers, or other
       parties-in-interest

   (e) provide general bankruptcy and non-bankruptcy legal
       services, as may be requested by Debtors;

   (f) appear before the Bankruptcy Court, any appellate
       courts, and the U.S. Trustee to protect the Debtors'
       interest; and

   (g) perform all other legal services to the Debtors, as
       deemed proper and necessary.

Shearman & Sterling's standard hourly rates are:

        Professional                Hourly Rate
        ------------                -----------
        Partner                     US$695 - US$940
        Counsel and Specialist      US$500 - US$750
        Associate                   US$325 - US$595
        Legal Assistant             US$100 - US$235

Shearman & Sterling will also be reimbursed for out-of-pocket,
necessary expenses.

Douglas P. Bartner, Esq., a member at Shearman & Sterling LLP,
in New York, discloses that in the one-year period prior to the
Petition Date, his firm was paid US$6,098,584 by the Debtors on
account of services related to the Debtors' reorganization
efforts, including their bankruptcy filing.  The firm also
received a US$750,000 retainer for estimated fees and expenses
from September 27 through October 8.

Mr. Bartner assures the Court that his firm does not represent
any interest adverse to the Debtors' estate or their creditors
in connection with the Chapter 11 case, and is a "disinterested
person," as defined in Section 101(14) of the Bankruptcy Code.

Based in Anderson, Indiana, Remy Worldwide Holdings Inc. acts as
a holding company of all the outstanding capital stock of Remy
International Inc.  Remy International --
http://www.remyinc.com/-- manufactures, remanufactures and
distributes Delco Remy brand heavy-duty systems and Remy brand
starters and alternators, locomotive products and hybrid power
technology.  The company also provides a worldwide components
core-exchange service for automobiles, light trucks, medium and
heavy-duty trucks and other heavy-duty, off-road and industrial
applications.  Remy has operations in the United Kingdom, Mexico
and Korea, among others.

The company and its debtor-affiliates filed for Chapter 11
protection on Oct. 8, 2007 (Bankr. D. Del. Cases No. 07-11481 to
07-11509).  Douglas P. Bartner, Esq., Fredric Sosnick, Esq., and
Michael H. Torkin, Esq., at Shearman & Sterling LLP, represent
the Debtors' in their restructuring efforts.  Pauline K. Morgan,
Esq., Edmon L. Morton, Esq., and Kenneth J. Enos, Esq., at Young
Conaway Stargatt & Taylor, LLP, serve as co-counsels to the
Debtors.  The Debtors' claims agent is Kurtzman Carson
Consultants LLC and their restructuring advisor is
AlixPartners, LLC.

At Sept. 30, 2006, Remy Worldwide's balance sheet showed total
assets of US$919,736,000 and total liabilities of
US$1,265,648,000. (Remy Bankruptcy News; Issue No. 3, Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


REMY WORLDWIDE: Wants to Employ YCS&T As Delaware Counsel
---------------------------------------------------------
Remy Worldwide Holdings Inc. and its debtor-affiliates ask
permission from the U.S. Bankruptcy Court for the District of
Delaware to employ Young Conaway Stargatt & Taylor, LLP as their
Delaware counsel.

Pauline K. Morgan, Esq., a partner at Young, Conaway, Stargatt &
Taylor, LLP, in Wilmington, Delaware, informs the Court that, to
avoid duplication of efforts, Young Conaway has discussed the
division of responsibilities with Shearman & Sterling, LLP,
which the Debtors intend to hire as Lead Counsel.

The Debtors maintain that Young Conaway possesses extensive
knowledge and expertise in the debtors' and creditors' rights
and business reorganizations that will enable the firm to work
efficiently and cost-effectively in behalf of the Debtors'
estates.

As co-counsel, Young Conaway will:

   (a) provide legal advice to the Debtors in their continued
       operation of business and management of properties;

   (b) prepare all necessary legal papers on behalf of the
       Debtors;

   (c) pursue the confirmation Debtors' Reorganization Plan of
       or of an alternative Plan, if necessary;

   (d) appearing in Court to protect the interests of the
       Debtors; and

   (e) perform all legal services deemed proper and necessary
       in the proceedings.

The principal attorneys and paralegal at Young Conaway who will
provide services to the Debtors -- and their current standard
hourly rates -- are:

          Professional                Hourly Rate
          ------------                -----------
          Pauline K. Morgan               US$510
          Edmon L. Morton                 US$395
          Kenneth J. Enos                 US$275
          Patrick A. Jackson              US$250
          Melissa Bertsch, paralegal      US$125

Young Conaway will also be reimbursed for out-of-pocket,
necessary expenses.

Ms. Morgan discloses that her firm received from the Debtors a
US$75,000 retainer in March 2007 and an additional US$30,131
retainer in April 2007, in connection with the planning and
preparation of initial documents and the firm's postpetition
representation of the Debtors.

Ms. Morgan maintains that Young Conaway is a "disinterested
person", as defined in Section 104(14) of the Bankruptcy Code.
The firm does not hold or represent any interests in the
Debtors' estates, Ms. Morgan says.

Based in Anderson, Indiana, Remy Worldwide Holdings Inc. acts as
a holding company of all the outstanding capital stock of Remy
International Inc.  Remy International --
http://www.remyinc.com/-- manufactures, remanufactures and
distributes Delco Remy brand heavy-duty systems and Remy brand
starters and alternators, locomotive products and hybrid power
technology.  The company also provides a worldwide components
core-exchange service for automobiles, light trucks, medium and
heavy-duty trucks and other heavy-duty, off-road and industrial
applications.  Remy has operations in the United Kingdom, Mexico
and Korea, among others.

The company and its debtor-affiliates filed for Chapter 11
protection on Oct. 8, 2007 (Bankr. D. Del. Cases No. 07-11481 to
07-11509).  Douglas P. Bartner, Esq., Fredric Sosnick, Esq., and
Michael H. Torkin, Esq., at Shearman & Sterling LLP, represent
the Debtors' in their restructuring efforts.  Pauline K. Morgan,
Esq., Edmon L. Morton, Esq., and Kenneth J. Enos, Esq., at Young
Conaway Stargatt & Taylor, LLP, serve as co-counsels to the
Debtors.  The Debtors' claims agent is Kurtzman Carson
Consultants LLC and their restructuring advisor is
AlixPartners, LLC.

At Sept. 30, 2006, Remy Worldwide's balance sheet showed total
assets of US$919,736,000 and total liabilities of
US$1,265,648,000. (Remy Bankruptcy News; Issue No. 3, Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


ROWAN INTERIORS: Appoints Michael Young as Liquidator
-----------------------------------------------------
Michael Young of Vantis was appointed liquidator of Rowan
Interiors Ltd. on Oct. 10 for the creditors' voluntary winding-
up procedure.

The liquidator can be reached at:

         Vantis
         Torrington House
         47 Holywell Hill
         St. Albans
         Herts
         AL1 1HD
         England


S BAILEY: M. H. Abdulali Leads Liquidation Procedure
----------------------------------------------------
M. H. Abdulali of Moore Stephens was appointed liquidator of S
Bailey (Builders) Ltd. on Oct. 9 for the creditors' voluntary
winding-up procedure.

The liquidator can be reached at:

         Moore Stephens
         6 Ridge House
         Ridgehouse Drive
         Festival Park
         Stoke on Trent
         England


T A SUPPLIES: Failure to Sell Company Cues Voluntary Liquidation
----------------------------------------------------------------
Portland Business & Financial Solutions Limited has been
appointed to handle the affairs of T A Supplies Limited.

The Directors of T A Supplies Limited consulted Peter Howard of
Portland's London Office and despite eleventh hour attempts to
sell the company, there was no alternative but to finally cease
trading.

"Unfortunately there was not sufficient support for the five-a-
side football league and the good weather has meant parents
prefer taking their children to outdoor play areas, staying away
from Little Rascals at the leisure center," Peter Howard
commented.

The T A Supplies Directors regret that customers will be let
down by this action, the company will now go into Creditor's
Voluntary Liquidation and two Directors at Portland will be
appointed as Liquidators.

Being the largest independent business recovery firm in the
South, Portland operates from offices in Whiteley, Poole and
London and has a vast experience in handling such matters.

Portland staff members will continue to work hard to contact all
members of the public with future bookings, to minimize the
disappointment that arises from the T A Supplies Limited
failure.

                      About T A Supplies

Based in West Sussex, England, T A Supplies Limited were behind
the Socca Box and Little Rascals brands at the Manor Royal
Leisure Centre, Crawley - organizing a league for five-a-side
football teams, as well as providing the children's indoor play
area and party location.


TRADE AND INVEST: Calls In Liquidators from DTE Leonard Curtis
--------------------------------------------------------------
J. M. Titley and A. Poxon of DTE Leonard Curtis were appointed
joint liquidators of Trade and Invest Communications Ltd. on
Oct. 8 for the creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

         DTE Leonard Curtis
         DTE House
         Hollins Mount
         Hollins Lane
         Bury
         Lancs
         BL9 8AT
         England


TTV FACILITIES: Taps Liquidators from Tenon Recovery
----------------------------------------------------
Steven Philip Ross and Ian William Kings of Tenon Recovery were
appointed joint liquidators of TTV Facilities Ltd. (formerly
Pitchserve Ltd., TTV Hire North East Ltd.) on Oct. 11 for the
creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

         Tenon Recovery
         Tenon House
         Ferryboat Lane
         Sunderland
         Tyne & Wear
         SR5 3JN
         England


* BOND PRICING: For the Week Oct. 15 to Oct. 19, 2007
-----------------------------------------------------
Issuer                    Coupon   Maturity   Currency   Price
------                    ------   --------   --------   -----

AUSTRIA
-------
Kommunal Kredit
  Austria AG              0.500    03/15/19     CDN      61.76
                          0.250    10/14/26     CDN      38.65
Republic of Austria       4.000    06/22/22     EUR      71.84
                          0.396    08/04/25     EUR      65.58
                          5.243    10/10/25     EUR      62.83

FINLAND
-------
Muni Finance PLC          1.000    03/19/13     AUD      72.87
                          0.500    04/26/13     AUD      70.21
                          1.000    11/21/16     NZD      56.27
                          1.000    10/30/17     AUD      57.26
                          0.500    09/24/20     CDN      55.48
                          0.250    06/28/40     CDN      20.04

FRANCE
------
Accor S.A.                1.750    01/01/08     EUR      66.48
Alcatel S.A.              4.750    01/01/11     EUR      16.07
Altran Technologies S.A.  3.750    01/01/09     EUR      12.48
BNP Paribas               0.250    12/20/14     US$      70.53
CAP Gemini S.A.           2.500    01/01/10     EUR      56.14
                          1.000    01/01/12     EUR      52.28
Club Mediterranee S.A.    3.000    11/01/08     EUR      67.04
                          4.375    11/01/10     EUR      54.23
FCC Rome Alliance
    Funding               2.256    01/08/21     EUR      73.71
Havas S.A.                4.000    01/01/09     EUR      10.84
Infogrames
   Entertainment S.A.     1.500    04/01/09     EUR      00.50
Ingenico                  2.750    01/01/12     EUR      21.89
Maurel & Prom             3.500    01/01/10     EUR      22.18
Publicis Group            0.750    07/17/08     EUR      31.47
                          1.000    01/18/18     EUR      43.00
Rallye                    3.750    01/01/08     EUR      52.68
Rhodia S.A.               0.500    01/01/14     EUR      45.47
Scor S.A.                 4.125    01/01/10     EUR       2.29
Soc Air France            2.750    04/01/20     EUR      29.90
Soitec                    4.625    12/20/09     EUR      13.32
Thomson (EX-TMM)          1.000    01/01/08     EUR      39.52
Valeo                     2.375    01/01/11     EUR      50.52
Vivendi Universal S.A.    1.750    10/30/08     EUR      31.96
Wavecom S.A.              1.750    01/01/14     EUR      27.52
Wendel Invest S.A.        2.000    06/19/09     EUR      50.17

GERMANY
-------
KfW Bankengruppe          0.500    10/30/13     AUD      67.75
                          0.500    12/19/17     EUR      66.55
                          5.000    05/23/20     EUR      74.34
                          1.250    07/29/20     EUR      73.07
                          6.000    07/21/25     EUR      68.33
                          5.000    09/01/25     EUR      72.48
                          8.000    08/10/30     EUR      66.71
Landeskreditbank Baden-
   Wuerttemberg Foerderbk 0.500    05/10/27     CDN      41.20
Landwirtschaftliche
   Rentenbank AG          1.000    03/29/17     NZD      55.42
Treofan AG               11.000    08/01/13     EUR      67.13

GREECE
------
Hellenic Republic         6.000    07/06/25     EUR      66.28
                          6.000    07/06/25     EUR      65.57
                          6.000    07/06/25     EUR      71.89

ICELAND
-------
Kaupthing Bank            6.500    02/03/45     EUR      68.94

IRELAND
-------
Depfa ACS Bank            0.500    03/03/25     CDN      46.00
                          0.250    07/08/33     CDN      27.28
Irish Perm Plc            6.125    02/15/35     EUR      65.85
Magnolia Finance IV Plc   1.050    12/20/45     US$      28.09

ITALY
-----
Dexia Crediop S.p.A.      0.000    03/15/16     EUR      81.59

LUXEMBOURG
----------
Teksid Aluminum S.A.     12.375    07/15/11     EUR      34.91

NETHERLANDS
-----------
ABN AMRO Bank N.V.        6.250    06/29/35     EUR      69.01
BK Ned Gemeenten          0.500    06/27/18     CDN      62.79
                          0.500    02/24/25     CDN      46.03
EM.TV Finance B.V.        5.250    05/08/13     EUR       6.10
Energy Group O/S          7.425    10/15/17     US$      32.50
Lehman Bros TSY B.V.      6.000    02/15/35     EUR      67.98
                          8.250    03/16/35     EUR      60.17
                          7.000    05/17/35     EUR      63.57
                          7.250    10/05/35     EUR      56.83
                          6.000    11/02/35     EUR      61.57
Ned Waterschapbk          6.000    06/01/35     EUR      70.57
                          6.500    08/15/35     EUR      62.81
Rabobank Groep N.V.       6.000    04/08/20     EUR      73.25
                          6.000    02/22/35     EUR      67.36
                          2.000    02/23/35     EUR      62.70
                          7.000    02/28/35     EUR      68.82
                          7.000    03/23/35     EUR      63.82
                          6.000    05/09/35     EUR      72.88

NORWAY
------
Kommunalbanken A.S.       0.500    02/07/13     AUD      70.41

SWEDEN
------
AB Svensk Export          0.500    03/27/13     AUD      70.56

SWITZERLAND
-----------
UBS AG                    1.000     01/25/12    NZD      74.80
                          1.000     02/27/12    NZD      74.39
                          1.000     03/28/12    NZD      73.92
                          1.000     06/28/12    NZD      72.79
                          1.000     07/30/12    NZD      72.50

UNITED KINGDOM
--------------
Anglian Water
   Finance Plc            2.400     04/20/35    GBP      54.48
Bank of Scotland          6.000     02/07/35    EUR      68.50
HSBC Bank Plc             0.500     07/31/17    US$      64.18
                          0.500     07/31/17    EUR      66.07
National Grid Gas Plc     1.754     10/17/36    GBP      44.66
                          1.771     03/30/37    GBP      44.71
Royal BK Scotland Plc     0.250     03/27/14    US$      73.45
                          9.500     04/04/25    US$      69.45
                          7.000     06/09/25    EUR      61.23
                          7.000     06/29/30    EUR      54.87
                          6.500     02/23/45    EUR      63.63
TXU Eastern Funding Plc   6.750     05/15/09    US$       3.25
Wessex Water Finance Plc  1.369     07/31/57    GBP      29.46

                            *********

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.


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