TCREUR_Public/071105.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, November 5, 2007, Vol. 8, No. 219

                            Headlines


A U S T R I A

BUDIM KEG: Claims Registration Period Ends Nov. 20
DUFFEK VERMOEGENSVERWALTUNGS: Claims Registration Ends Nov. 29
EASY-BAU LLC: Claims Registration Period Ends Nov. 21
GZG HANDEL: Claims Registration Period Ends Nov. 27
ISOT HANDEL: Claims Registration Period Ends Nov. 21

K & S KARIN: Claims Registration Period Ends Nov. 22
NELI DJURDJEVIC: Claims Registration Period Ends Nov. 22
SUSNJAR LLC: Vienna Court Orders Business Shutdown


B E L G I U M

CHEMTURA CORP: Sells Optical Monomers Business to Acomon AG
POPE & TALBOT: Ontario Court Issues Initial Order on CCAA Plea
POPE & TALBOT: CCAA Case Summary & Restructuring Database
POPE & TALBOT: Consolidated Balance Sheet as of June 30, 2007
TENNECO INC: Moody's Affirms B1 Corporate Family Rating


F R A N C E

DRESSER-RAND GROUP: Earns US$21.3 Mil. for Third Quarter 2007
DRESSER-RAND GROUP: Inks Alliance Agreement with Repsol YPF
GENERAL CABLE: Freeport-McMoran Completes Phelps Dodge Biz Sale
GENERAL CABLE: Earns US$61.1 Million in 2007 Third Quarter
GENERAL MOTORS: Investing US$73 Mln in Shreveport Assembly Plant

LAZARD LTD: Paying US$0.09 Per Share Quarterly Dividend


G E R M A N Y

ARTEK-BAUPLANUNG: Claims Registration Period Ends Nov. 26
ATL ENGINEERING: Claims Registration Period Ends Dec. 7
B.A.U. PROJEKTMANAGEMENT: Claims Registration Ends November 22
BAUGESELLSCHAFT BRYGGEMANN: Claims Registration Ends November 22
BAYERISCHE VERANSTALUNGS: Claims Registration Ends November 16

BURBAT BAU: Claims Registration Period Ends Dec. 5
CARFIT AUTO: Claims Registration Period Ends Nov. 28
CATCH UP: Claims Registration Ends November 6
CROSSCOM NETWORKS: Claims Registration Period Ends Nov. 27
HEKA INVESTMENT: Claims Registration Ends November 8

I.B.W. BAU: Claims Registration Period Ends Dec. 7
KIRCHEN HSH: Claims Registration Period Ends Nov. 23
RAINER MEFFERT: Claims Registration Ends November 9
SARA BAU-UND: Claims Registration Period Ends Nov. 27
VISTEON CORP: Sept. 30 Balance Sheet Upside-Down by US$162 Mln

ZIMMEREI UND TROCKENBAU: Claims Registration Ends November 23


H U N G A R Y

AES CORP: Seeking Regulators' Approval on Two Gas Projects


I R E L A N D

SANMINA-SCI CORP: Posts US$1.1 Billion Net loss for FY 2007


I T A L Y

GOODYEAR TIRE: Earns US$668 Million for Third Quarter 2007


K A Z A K H S T A N

SEIMAR ALLIANCE: Moody's Changes Outlook to Neg. on Ba3 Ratings


K Y R G Y Z S T A N

NEW STAR: Creditors Must File Claims by December 5


L U X E M B O U R G

EVRAZ GROUP: Eyes US$2.2 Bln Loan to Repay Part of Current Debt


N E T H E R L A N D S

GLOBAL POWER: Plan Confirmation Hearing Scheduled on Dec. 20
SENSATA TECH: Third Quarter Net Revenue Up 24.4% to US$357.4MM
X5 RETAIL: Acquiring Korzinka Retail Chain for US$115 Million
YUKOS FINANCE: Dutch Court Nullifies Bankruptcy Sale


P O L A N D

AFFILIATED COMPUTER: Cerberus Withdraws Acquisition Offer
AFFILIATED COMPUTER: Five Directors Resign on Chairman's Call
AFFILIATED COMPUTER: Names Ron Gillette as Sr. Managing Director


P O R T U G A L

BEARINGPOINT INC: Sarah Beardsley to Lead Comm & Media Practices


R U S S I A

AGRIINVEST CJSC: Creditors Must File Claims by Dec. 20
BASKOVSKIJ OJSC: Creditors Must File Claims by Dec. 20
BOKSITOGORSKOYE OJSC: Asset Sale Slated for Nov. 26
CREAMERY PONOMAREVSKIJ: Creditors Must File Claims by Dec. 20
EVRAZ GROUP: Eyes US$2.2 Bln Loan to Repay Part of Current Debt

GASPOWER SERVICE: Creditors Must File Claims by Nov. 20
GAZPROM NEFT: To Increase Oil Output by 1.5% in 2008
NOVOLYALINSKIJ OJSC: Court Names A. M. Nasyrova as Liquidator
PROMENERGOBANK CB: Competitive Proceedings Ongoing
SISTEMA-HALS JSC: Starts Trading of Ordinary Shares on RTS

TALITSKIJ LLC: Creditors Must File Claims by Dec. 20
UST'-KATAVSKIJ ME: Creditors Must File Claims by Nov. 20
VOLGO-DON INVESTMENT: Creditors Must File Claims by Dec. 20
X5 RETAIL: Acquiring Korzinka Retail Chain for US$115 Million
YUKOS OIL: Completes Payment to Bankruptcy Creditors

YUKOS OIL: Dutch Court Nullifies Yukos Finance Sale


S W I T Z E R L A N D

NOVELIS INC: Realm Communications Completes Rebranding
NOVELIS INC: Will Invest US$7 Million for Brazilian Plant


U K R A I N E

IRAIDA LLC: Creditors Must File Claims by November 8
KLESOV MOVABLE 177: Proofs of Claim Filing Ends November 8
TRUST UMAN: Proofs of Claim Filing Ends November 8
VESAMO LLC: Creditors Must File Claims by November 8
WEST LLC: Creditors Must File Claims by November 7

ZOLOTOY KOLOS: Creditors Must File Claims by November 8


U N I T E D   K I N G D O M

ASCENSION CLOTHING: Appoints J. M. Titley as Liquidator
BELLHOUSE & JACKSON: Calls In Liquidators from Tenon Recovery
BEN NICHOLSON Daryl Warwick Leads Liquidation Procedure
CASHFLOW PARTNERS: Receivers Assure Payment to Minutes Medical
CHEYNE FINANCE: Exclusivity Agreement with RBS Lapses

COLLINS & AIKMAN: Fee Examiner Files Report
FORD MOTOR: UAW Contract Negotiations Continue
GREENLAKE LEISURE: Names Ian William Kings Liquidator
HIGHLANDS INSURANCE: Names Joint Administrators from PwC
ICONIX BRAND: Third Qtr. Net Income Climbs to US$17 Mil. in 2007

ISLE OF CAPRI: Names Donn Mitchell as Senior VP of UK Operations
JI SERVICES: Taps Ian Mark Defty to Liquidate Assets
KENDLE INT'L: Earns US$3.8 Million for Third Quarter 2007
LONDON PORTRAIT: Brings In Liquidators from Tenon Recovery
M.B.N BLAST: Calls In Liquidators from Tenon Recovery

MINUTES MEDICAL: Cashflow Partners to Repay Claims in Full
REMY WORLDWIDE: Taps Greenberg Traurig as Special Counsel
REMY WORLDWIDE: Wants to Hire Ernst & Young as Accountant
S. D. F. FABRICATIONS: Joint Liquidators Take Over Operations
STRETTON BUSINESS: Names Timothy Colin Hamilton Ball Liquidator

VIRGIN MEDIA: Seeks Divestment of BSkyB's Entire 17.9% ITV Stake

* BOND PRICING: For the Week Oct. 29 to Nov. 2, 2007


                            *********


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


BUDIM KEG: Claims Registration Period Ends Nov. 20
--------------------------------------------------
Creditors owed money by KEG BUDIM (FN 208318a) have until
Nov. 20 to file written proofs of claim to court-appointed
estate administrator Ute Toifl at:

         Dr. Ute Toifl
         Tuchlauben 12/20
         1010 Vienna
         Austria
         Tel: 535 46 11
         Fax: 535 46 11-11
         E-mail: office@thr.at    

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:45 a.m. on Dec. 4 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1607
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Oct. 2 (Bankr. Case No. 28 S 111/07p).  


DUFFEK VERMOEGENSVERWALTUNGS: Claims Registration Ends Nov. 29
--------------------------------------------------------------
Creditors owed money by KG Duffek Vermoegensverwaltungs (FN
271790t) have until Nov. 29 to file written proofs of claim to
court-appointed estate administrator Georg Unger at:

         Dr. Georg Unger
         c/o Dr. Arno Maschke
         Mariahilfer Strasse 50
         1070 Vienna
         Austria
         Tel: 523 62 00
         Fax: 526 72 74
         E-mail:  office@sup.at   

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:15 a.m. on Dec. 13 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1703
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Oct. 2 (Bankr. Case No. 5 S 114/07k).  Arno Maschke
represents Dr. Unger in the bankruptcy proceedings.


EASY-BAU LLC: Claims Registration Period Ends Nov. 21
-----------------------------------------------------
Creditors owed money by LLC easy-bau (FN 170759t) have until
Nov. 21 to file written proofs of claim to court-appointed
estate administrator Stefan Jahns at:

         Mag. Stefan Jahns
         c/o Dr. Susi Pariasek
         Gonzagagasse 15
         1010 Vienna
         Austria
         Tel: 532 17 11
         Fax: 532 17 11 11
         E-mail:  kanzlei@jahns.co.at  
                  office@anwaltwien.at  

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:30 a.m. on Nov. 5 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. 28 (Bankr. Case No. 2 S 132/07k).  Susi Pariasek
represents Mag. Jahns in the bankruptcy proceedings.


GZG HANDEL: Claims Registration Period Ends Nov. 27
---------------------------------------------------
Creditors owed money by LLC GZG Handel (FN 281829f) have until
Nov. 27 to file written proofs of claim to court-appointed
estate administrator Raoul Wagner at:

         Dr. Raoul Wagner
         Rathausstrasse 15/4
         1010 Vienna
         Austria
         Tel: 405 33 82
         Fax: 408 84 67
         E-mail: rechtsanwalt@aon.at  

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:00 a.m. on Dec. 11 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1606
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Oct. 2 (Bankr. Case No. 4 S 113/07f).  


ISOT HANDEL: Claims Registration Period Ends Nov. 21
----------------------------------------------------
Creditors owed money by LLC Isot Handel (FN 260025s) have until
Nov. 21 to file written proofs of claim to court-appointed
estate administrator Arno Maschke at:

         Dr. Arno Maschke
         c/o Dr. Georg Unger
         Mariahilfer Strasse 50
         1070 Vienna
         Austria
         Tel: 523 62 00
         Fax: 526 72 74
         E-mail: maschke@sup.at  
                 office@sup.at     

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:50 a on Dec. 5 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. 28 (Bankr. Case No. 2 S 131/07p).  Georg Unger
represents Dr. Maschke in the bankruptcy proceedings.


K & S KARIN: Claims Registration Period Ends Nov. 22
----------------------------------------------------
Creditors owed money by KEG K & S Karin Eder (FN 233082v) have
until Nov. 22 to file written proofs of claim to court-appointed
estate administrator Thomas Steiner at:

         Mag. Thomas Steiner
         c/o Dr. Renate Steiner
         Weihburggasse 18-20/50
         1010 Vienna
         Austria
         Tel: 513 53 63
         Fax: 513 53 63 17
         E-mail: steiner.steiner@aon.at    

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:30 a.m. on Dec. 6 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 Oct. 2 (Bankr. Case No. 2 S 134/07d).  Renate Steiner
represents Mag. Steiner in the bankruptcy proceedings.


NELI DJURDJEVIC: Claims Registration Period Ends Nov. 22
--------------------------------------------------------
Creditors owed money by KEG Neli Djurdjevic (FN 247168h) have
until Nov. 22 to file written proofs of claim to court-appointed
estate administrator Katharina Widhalm-Budak at:

         Dr. Katharina Widhalm-Budak
         c/o Dr. Guenther Hoedl
         Schulerstrasse 18
         1010 Vienna
         Austria
         Tel: 513 10 37
         Fax: 513 10 37 22
         E-mail: widhalm-budak@anwaltsteam.at  

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:15 a.m. on Dec. 6 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1703
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Sept. 28 (Bankr. Case No. 5 S 113/07p).  Guenther Hoedl
represents Dr. Widhalm-Budak in the bankruptcy proceedings.


SUSNJAR LLC: Vienna Court Orders Business Shutdown
--------------------------------------------------
The Trade Court of Vienna entered Oct. 3  an order shutting down
the business of LLC Susnjar (FN 275970p).

Court-appointed estate administrator Matthias Klissenbauer
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. Matthias Klissenbauer
         c/o  Mag. Stefan Jahns
         Gonzagagasse 15
         1010 Vienna
         Austria
         Tel: 533 28 55
         Fax: 533 28 55 28
         E-mail: office@klissenbauer.com  
                 kanzlei@jahns.co.at  

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Sept. 25 (Bankr. Case No 6 S 123/07s).  Stefan Jahns
represents Dr. Klissenbauer in the bankruptcy proceedings.


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


CHEMTURA CORP: Sells Optical Monomers Business to Acomon AG
-----------------------------------------------------------
Chemtura Corporation, in order to place greater focus on its
core businesses, has sold its optical monomers business to
Acomon AG, an affiliate of Munich-based Auctus Management GmbH &
Co.  KG in an all-cash transaction for an undisclosed amount.
Included in the transaction is Chemtura's Ravenna, Italy
manufacturing facility.  Proceeds from the sale will be used
primarily for debt reduction.

"This sale represents continued progress in our portfolio
refinement and footprint optimization initiatives," said
Chemtura Chairman and CEO Robert L. Wood.  "Optical monomers is
a very good business that just doesn't fit our portfolio at this
time.  We are pleased to be transferring the business to a buyer
who is interested in growing it, which should benefit both
customers and employees," Mr. Wood concluded.

Optical monomers are used in a variety of applications,
including lenses for eyewear; protection sheets for welding
masks and screens; photographic filters; and lab equipment.  The
optical monomers business being sold had revenues for 2006 of
approximately US$35 million and employs approximately 45 people,
the majority of whom work in its Ravenna, Italy facility.

                      About Acomon AG

Acomon AG, based in Zug, Switzerland, was formed to operate
Chemtura's former optical monomers business.  Acomon is an
affiliate of Auctus Management GmbH & Co. KG, a Munich-based
private equity firm.

                    About Chemtura Corp.

Headquartered in Middlebury, Connecticut, Chemtura Corp.
(NYSE:CEM) -- http://www.chemtura.com/-- is a global
manufacturer and marketer of specialty chemicals, crop
protection, and pool, spa and home care products.  The company
has approximately 6,400 employees around the world and sells its
products in more than 100 countries.  The company has facilities
in Singapore, Australia, China, Hong Kong, India, Japan, South
Korea, Taiwan, Thailand, Brazil, Belgium, France, Germany,
Mexico, and The United Kingdom.

                       *     *     *

As reported in the Troubled Company Reporter-Latin America on
May 18, 2007, Moody's Investors Service lowered Chemtura
Corporation's ratings:

  -- Corporate Family Rating: Ba2 from Ba1

  -- Senior notes, USUS$500 million due 2016: Ba2 from Ba1;
     LGD4 (53%)

  -- Senior Unsecured Notes, USUS$150 million due 2026: Ba2
     from Ba1; LGD4 (53%)

  -- Senior Unsecured Notes, USUS$400 million due 2009: Ba2
     from Ba1; LGD4 (53%)


POPE & TALBOT: Ontario Court Issues Initial Order on CCAA Plea
--------------------------------------------------------------
Pope & Talbot, Inc., and its wholly owned subsidiaries sought
and obtained an initial order from the Superior Court of Justice
(Commercial List) for the Province of Ontario granting them
protection from their creditors under the Companies' Creditors
Arrangement Act, R.S.C. 1985, c . C-36, as amended.

Certain partnerships involving Pope & Talbot are also subject of
the Initial CCAA Stay Order:

  1. P&T LFP Investment Limited Partnership
  2. Pope & Talbot Spearfish Limited Partnership
  3. P&T Finance One Limited Partnership
  4. P&T Finance Two Limited Partnership

Pursuant to the Initial CCAA Stay Order, the Honorable Justice
Geoffrey B. Morawetz held that until and including November 23,
2007, no proceeding or enforcement process in any court or
tribunal will be commenced or continued against or in respect of
the Applicants, the Partnerships or PricewaterhouseCoopers Inc.,
the Court-appointed Monitor, or affecting the Applicants'
business or property except with the written consent of the
Applicants, the Partnerships and the Monitor, or with leave of
the CCAA Court.  All proceedings currently under way against or
in respect of the Applicants or the Partnerships are stayed and
suspended pending further Court order.

Mr. Justice Morawetz enjoined and restrained parties from
discontinuing, failing to honor, altering, interfering with,
repudiating, terminating or ceasing to perform any right,
renewal right, contract, agreement, licence, permit,
authorization, franchise or right of way in favor of or held by
the Applicants or the Partnerships, during the Stay Period,
except with the written consent of the applicable Applicant or
Partnership and the Monitor, or leave of the Court.

The Canadian Court permitted the Applicants to continue
operating their business as debtor companies under the
jurisdiction of the Court and in accordance with the applicable
provisions of the CCAA and the orders of the Canadian Court.

In addition, no proceedings may be commenced or continued
against the Applicants' directors and officers.  The CCAA Court
permitted the Applicants to indemnify their directors and
officers from all claims, costs, charges and expenses relating
to company operations, except to the extent that an officer or
director has actively participated in the breach of any related
fiduciary duties or has been grossly negligent or guilty of
willful misconduct.

The Applicants' directors and officers are entitled to the
benefit of and are granted a charge of up to $7,000,000 on the
Applicants' property, as security for the indemnity provided.  
The Directors Charge will have the priority over certain other
charges and claims on the Applicants' estate.

Pursuant to the Initial Stay Order, the Applicants are required,
within seven days, to notify known creditors, other than
employees and creditors to which the Applicants owe less than
$5,000, of the CCAA filing and the Monitor's contact
information.

Any interested party seeking modifications to the Initial CCAA
Stay Order must file a notice with the CCAA Court prior to
November 23, 2007.

Headquartered in Portland, Oregon, Pope & Talbot Inc. --
http://www.poptal.com/-- produces pulp and wood based building  
products from manufacturing facilities located primarily in
British Columbia, Canada and with smaller operations in the
north western United States.  Pacific Rim.

The Company's pulp is marketed globally through sales offices in
Portland, Oregon, and Brussels, Belgium, and through agency
sales offices around the world.  Pope & Talbot Sales Europe LLC
sells or facilitates the sale of pulp into northern Europe in
consideration of a 2% sales commission.  P&T Pulp Sales U.S.
operates through its own employees as well as third party sales
agents, and charges a commission of 0.5% on sales through third
party agents or 2% on all other sales.

In 2006, roughly 38% of the pulp segment's revenues were derived
from sales to Europe, 33% to North America, 26% to Asia and 3%
to other markets.

The company and its U.S. and Canadian subsidiaries have applied
for protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  PricewaterhouseCoopers Inc. serves as
the Debtors' court-appointed monitor.  Sean Dunphy, Esq., Ashley
John Taylor, Esq., and Kathy Mah, Esq., of Barristers &
Solicitors act as the Debtors' solicitors.


POPE & TALBOT: CCAA Case Summary & Restructuring Database
---------------------------------------------------------
Applicants filing petitions under the Companies' Creditors
Arrangement Act:

     Pope & Talbot, Ltd.
     Pope & Talbot, Inc.
     McKenzie Pulp Land Ltd.
     P&T Funding Ltd.
     Penn Timber, Inc.
     Pope & Talbot Lumber Sales, Inc.
     Pope & Talbot Pulp Sales U.S., Inc.
     Pope & Talbot Relocation Services, Inc.
     P&T Power Company
     P&T Finance Three LLC

CCAA Petition Date: October 28, 2007

Canadian Court:  Ontario Superior Court of Justice
                 (Commercial List)
                 939 University Avenue
                 10th Floor
                 Toronto, Ontario M5G 1E6

Canadian Judge:  Honorable Justice Geoffrey B. Morawetz

Applicants'
Solicitors:      Sean F. Dunphy, Esq.
                 Ashley John Taylor, Esq.
                 Kathy Mah, Esq.
                 Stikeman Elliott LLP
                 Barristers & Solicitors
                 5300 Commerce Court West
                 199 Bay Street
                 Toronto, Canada M5L 1B9
                 Tel: (416) 869-5652
                 Fax: (416) 947-0866

CCAA Monitor:    PricewaterhouseCoopers Inc.


POPE & TALBOT: Consolidated Balance Sheet as of June 30, 2007
-------------------------------------------------------------
                       Pope & Talbot, Inc.
              Condensed Consolidated Balance Sheets
                       As of June 30, 2007

ASSETS
Current assets:
  Cash and cash equivalents                       $2,710,000
  Restricted cash                                  1,846,000
  Accounts receivable                             95,472,000
  Inventories                                    140,399,000
  Prepaid expenses                                18,921,000
                                              --------------
Total current assets                             259,378,000

Properties:
  Plant and equipment                            884,052,000
  Accumulated depreciation                      (513,873,000)
                                              --------------
                                                 370,179,000

  Land and timber cutting rights                  21,256,000  
                                              --------------
                                                 391,435,000

Other assets:
  Deferred charge                                 25,051,000
  Other                                           31,143,000
                                              --------------
Total other assets                              $681,956,000
                                              ==============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Book cash overdraft                             $5,678,000
  Current portion of long-term debt              220,997,000
  Accounts payable                                57,564,000
  Accrued payroll and related taxes               25,234,000
  Income taxes payable                               528,000
  Other accrued liabilities                       25,672,000
                                              --------------
Total current liabilities                        335,673,000

Long-term liabilities:
  Long-term debt, net of current portion         133,892,000
  Deferred income tax liability, net              22,789,000
  Pension and post-retirement benefits            91,428,000
  Other long-term liabilities                     17,304,000
                                              --------------
Total long-term liabilities                      265,413,000

Commitments and contingencies
Stockholders' equity:
  Preferred stock                                          -  
  Common stock                                    17,208,000
  Additional paid-in capital                      66,403,000
  Retained earnings                               14,966,000
  Common stock held in treasury, at cost         (11,950,000)
  Accumulated other comprehensive income,
  net of tax:
     Pension obligations not recognized
      in net periodic benefit costs              (42,034,000)    
     Cumulative transaction adjustment            36,133,000
     Financial derivative contracts                  144,000
                                              --------------
                                                  (5,757,000)
                                              --------------
Total stockholders' equity                        80,870,000
                                              --------------
Total liabilities and stockholders' equity      $681,956,000

Headquartered in Portland, Oregon, Pope & Talbot Inc. --
http://www.poptal.com/-- produces pulp and wood based building  
products from manufacturing facilities located primarily in
British Columbia, Canada and with smaller operations in the
north western United States.  Pacific Rim.

The Company's pulp is marketed globally through sales offices in
Portland, Oregon, and Brussels, Belgium, and through agency
sales offices around the world.  Pope & Talbot Sales Europe LLC
sells or facilitates the sale of pulp into northern Europe in
consideration of a 2% sales commission.  P&T Pulp Sales U.S.
operates through its own employees as well as third party sales
agents, and charges a commission of 0.5% on sales through third
party agents or 2% on all other sales.

In 2006, roughly 38% of the pulp segment's revenues were derived
from sales to Europe, 33% to North America, 26% to Asia and 3%
to other markets.

The company and its U.S. and Canadian subsidiaries have applied
for protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  PricewaterhouseCoopers Inc. serves as
the Debtors' court-appointed monitor.  Sean Dunphy, Esq., Ashley
John Taylor, Esq., and Kathy Mah, Esq., of Barristers &
Solicitors act as the Debtors' solicitors.


TENNECO INC: Moody's Affirms B1 Corporate Family Rating
-------------------------------------------------------
Moody's Investors Service affirmed the ratings of Tenneco
Automotive, Inc. -- Corporate Family, B1.

In a related action Moody's assigned a B2 rating to Tenneco's
new senior unsecured note, and raised the rating on the
remaining senior secured second lien debt to Ba3.  The ratings
were affirmed on the first-lien senior secured credit facilities
at Ba1, and on the senior subordinated notes at B3.  The rating
outlook was revised to positive.

The new senior unsecured note will be used to finance Tenneco's
announced tender and consent of US$230 million of the
outstanding 10.25% senior secured second lien notes.  As part of
the consent, covenants within the 10.25% senior secured second
lien notes indenture will be amended to make them no more
restrictive than those that apply to Tenneco's senior
subordinated notes.  This amendment will provide the opportunity
for Tenneco to initiate an internal reorganization which will
better align the company's debt with its geographic cash
generation, and improve the tax efficiency of its inter-company
financing structure.  Modest interest savings will also be
achieved.

The affirmation of the B1 corporate family rating incorporates
Tenneco's progress in attaining growth and higher profits over
recent quarters through its emissions controls business, which
has resulted in generally improved credit metrics.  The
company's revenue diversity and product breadth should support
continued strong performance in the future.  These strengths are
balanced with increased working capital requirements to support
this growth; working capital needs have resulted in negative
free cash flow in the current year to date.  Moody's will look
for management to control working capital as growth continues in
2008.

With the redemption of a portion of the company's second lien
notes through the issuance of new senior unsecured debt,
Tenneco's capital structure will incorporate a greater element
of junior debt financing, which results in the upward revision
of the rating on the remaining senior secured second lien notes
under Moody's Loss Given Default Methodology.  The first lien
debt already receive maximum notching benefit under the
methodology and their rating is unaffected, although the LGD
assessment of 12% reflects the improved relative position in the
company's capital structure.

Tenneco's outlook change to positive reflects the improving
operating metrics over the past two quarters driven by the
strong growth in the emission control segment, combined with the
company's initiative of addressing its higher coupon debt and
tax structure inefficiencies.  These actions are expected to
improve the company's ability to use its geographic diversity to
reduce debt over the intermediate term. Liquidity over the next
twelve months is expected to be good with availability of US$292
million under the US$550 million revolving credit and cash and
cash equivalents of US$203 million as of September 30, 2007.

This rating was assigned:

   -- B2 (LGD4, 64%) rating to the new guaranteed senior
      unsecured notes due 2015

This rating was raised:

   -- Ba3 (LGD3, 32%) rating for the remaining 10.25% guaranteed
      senior secured second-lien notes due 2013

These ratings were affirmed:

   -- B1 Corporate Family rating;

   -- B1 Probability of Default rating;

   -- Ba1 (LGD2, 12%) rating for the US$550.0 million first lien
      senior secured revolving credit facility;

   -- Ba1 (LGD2, 12%) rating for the US$150 million first lien
      senior secured term loan A;

   -- Ba1 (LGD2, 12%) rating for the US$130 million first lien
      senior secured term loan B;

   -- B3 (LGD6, 92%) rating for the 8.625% guaranteed senior
      subordinated notes due November 2014.

The last rating action was on March 2, 2007 when the company's
Corporate Family Rating was affirmed.

Future events that have potential to drive Tenneco's ratings
higher include the continuing improvement in profit levels from
higher emission control revenues; and higher levels of free cash
flow over the intermediate term resulting in debt reduction.
Consideration for a higher rating could arise if any combination
of these factors were to lead to EBIT/Interest coverage being
sustained at over 2.0x or a reduction in leverage consistently
below 4.0x.

Future events that have potential to drive Tenneco's outlook or
ratings lower include meaningful declines in North American OEM
production; the inability to manage working capital usage
supporting increased emission control sales resulting in
continuing negative free cash flow; or deteriorating liquidity.
Consideration for a lower outlook or rating could arise if any
combination of these factors were to increase leverage over 5.0x
or result in EBIT/Interest coverage approaching 1.5x times.

Tenneco, headquartered in Lake Forest, Illinois, is a leading
manufacturer of automotive ride control (approx. 37% of sales)
and emissions control (approx. 63% of sales) products and
systems for both the worldwide original equipment market and
aftermarket.  Leading brands include Monroe ģ, Rancho ģ, and
Fric Rot ride control products and Walker ģ and Gillet emission
control products.  Annual revenues are approximately US$5.8
billion.

The company has operations in Argentina, Japan, and Germany,
with its European operations headquartered in Brussels, Belgium.  
The company has approximately 19,000 employees worldwide.


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


DRESSER-RAND GROUP: Earns US$21.3 Mil. for Third Quarter 2007
-------------------------------------------------------------
Dresser-Rand Group Inc. has reported net income of
US$21.3 million, or US$0.25 per diluted share, for the third
quarter 2007.  This compares to a net income of US$22.9 million,
or US$0.27 per diluted share, for the third quarter 2006.

Vincent R. Volpe, Jr., President and Chief Executive Officer of
Dresser-Rand, said, "Consistent with the information contained
in our Oct. 3, 2007 news release, there are two items which
affected our third quarter 2007 results.  Costs and margin
related to deferred sales associated with the work stoppage at
our Painted Post facility were approximately US$20 million,
which was higher than the originally anticipated range of US$12
to US$18 million.  As we continue to hire permanent replacement
workers and extend subcontracting, the associated financial
impact of the strike will continue to be reduced and we believe
will not be of a material nature in 2008."

"Additionally, we expected a stronger recovery in aftermarket
bookings and shipments than experienced.  This shortfall is
principally due to a delay attributable to changes in the
procurement and budgeting processes of certain national oil
company clients.  The impact of this shortfall on bookings in
the first nine months of 2007, which we believe was one of
timing rather than lost market share, was approximately US$43
million compared to the corresponding nine month period in 2006.
Excluding the specific national oil companies involved, the rest
of the aftermarket bookings have grown from US$531.5 million in
2006 to US$574.4 million in 2007 or 8.1%.  We do see signs of
recovery with one national oil company with which we are
presently negotiating a three year blanket purchase agreement
initially valued at approximately US$50 million in aftermarket
parts and services.  This agreement would essentially pre-
approve the operating budget and, thereby, shorten the approval
process.  We expect this agreement to be signed in the fourth
quarter of this year.  In light of the above, we believe that
the year-to-date aftermarket sales shortfall will be at least
partially recovered in the fourth quarter."

Market conditions remain strong in both new unit and aftermarket
business segments.  In the third quarter 2007, total revenues
increased 25.5%, bookings increased 2.7% and backlog grew 48.0%
over the prior year period.

Total revenues for the third quarter 2007 of US$389.3 million
increased US$79.0 million or 25.5% compared to US$310.3 million
for the third quarter 2006.  Total revenues for the nine months
ended Sept. 30, 2007, of US$1,144.9 million increased US$119.1
million or 11.6% compared to revenues of US$1,025.8 million for
the corresponding period in 2006.

Operating income for the third quarter 2007 was US$36.4 million.
This compares to operating income of US$48.4 million for the
third quarter 2006.  Third quarter 2007 operating income
decreased from the year ago quarter primarily due to the adverse
impact of a work stoppage at the company's Painted Post facility
in New York State.  The company estimates the work stoppage
reduced its operating income for the third quarter 2007 by
approximately US$20 million, which includes approximately US$10
million higher costs principally for temporary workers and US$10
million for margin related to deferred sales.

Operating income for the nine months ended Sept. 30, 2007, was
US$119.4 million.  This compares to operating income of US$105.8
million for the corresponding period in 2006.  Operating income
increased from the year ago nine-month period primarily due to
higher sales which was partially offset by the work stoppage at
the Painted Post facility.

Bookings for the third quarter 2007 were US$496.2 million, which
was US$12.9 million or 2.7% higher than the third quarter 2006.
Bookings for the nine and twelve months ended Sept. 30, 2007, of
US$1,581.0 million and US$2,137.2 million, respectively, were
23.3% and 26.2% higher than the bookings for the corresponding
periods ended Sept. 30, 2006.

The backlog at the end of September 2007, was US$1,750.8 million
or 48.0% higher than the backlog at the end of September 2006 of
US$1,183.0 million.

                     New Units Segment

New unit revenues for the third quarter 2007 of US$194.0 million
compared to US$113.7 for the third quarter 2006.  New unit
revenues for the nine months ended Sept. 30, 2007, of US$540.6
million compared to US$501.0 million for the corresponding
period in 2006.  Overall demand for rotating equipment remains
strong in all key markets.

New unit operating income was US$12.0 million for the third
quarter 2007 compared to operating income of US$11.4 million for
the third quarter 2006.  This segment's operating margin was
6.2% compared to 10.0% for the third quarter 2006.  The decrease
in this segment's operating results was primarily attributable
to the work stoppage at the Painted Post facility.  The company
estimates the work stoppage reduced this segment's third quarter
2007 operating income by approximately US$8 to US$9 million and
its operating margin by approximately 300 to 350 basis points.

New unit operating income was US$34.0 million for the nine
months ended Sept. 30, 2007, compared to operating income of
US$24.7 million for the corresponding period in 2006.  This
segment's operating margin for the nine months ended
Sept. 30, 2007, was 6.3% compared to 4.9% for the corresponding
nine month period in 2006.  The increases from the corresponding
periods in 2006 were attributable to higher sales partially
offset by the the work stoppage at the Painted Post facility.
The company estimates the work stoppage reduced this segment's
operating margin by approximately 100 to 150 basis points for
the nine months ended Sept. 30, 2007.

Bookings for the three months ended Sept. 30, 2007, of US$285.1
million were 2.8% higher than bookings for the corresponding
period in 2006.  New unit bookings included a US$33.5 million
order for four reciprocating compressors, two centrifugal
compressors, and two steam turbines for Valero's refinery
expansion projects.

Bookings for the nine and twelve months ended Sept. 30, 2007, of
US$973.0 million and US$1,300.4 million, respectively, were
44.2% and 46.4% higher than the bookings for the corresponding
periods ended Sept. 30, 2006.

The backlog at Sept. 30, 2007, of US$1,456.7 million was 61.8%
above the US$900.3 million backlog at Sept. 30, 2006.  This
increase was due to continuing strong worldwide demand for
rotating equipment.

            Aftermarket Parts and Services Segment

Aftermarket parts and services revenues for the third quarter
2007 of US$195.3 million compared to US$196.6 for the third
quarter 2006.  Aftermarket parts and services revenues for the
nine months ended Sept. 30, 2007, of US$604.3 million compared
to US$524.8 for the corresponding period in 2006.  While the
market overall continues to be strong, revenues in 2007 have
been affected adversely, but the company believes temporarily,
by changes in the procurement process and a delay in budget
appropriations for certain of the company's national oil company
clients.

Aftermarket operating income for the third quarter 2007 of
US$43.1 million compared to US$51.9 million for the third
quarter 2006.  This segment's operating margin for the third
quarter of 2007 of approximately 22.1% compared to 26.4% for the
third quarter 2006.  The decrease in this segment's operating
results was principally due to the work stoppage at the Painted
Post facility.  The company estimates the work stoppage reduced
this segment's third quarter 2007 operating income by
approximately US$11 to 12 million and its operating margin by
approximately 400 to 450 basis points.

Aftermarket operating income for the nine months ended
Sept. 30, 2007, of US$143.2 million compared to US$131.8 million
for the corresponding period in 2006.  The increase in operating
income from the corresponding nine-month period in 2006 was
attributable to higher sales for parts and services partially
offset by the adverse impact of the work stoppage at the Painted
Post facility.  This segment's operating margin of approximately
23.7% compared to 25.1% for the corresponding period in 2006.
The company estimates the work stoppage reduced this segment's
operating margin by approximately 100 to 150 basis points for
the nine months ended Sept. 30, 2007.

Bookings for the three months ended Sept. 30, 2007, of US$211.1
million were 2.5% above bookings for the corresponding period in
2006 of US$206.0 million.  Bookings for the nine and twelve
months ended Sept. 30, 2007 of US$608.0 million and US$836.8
million, respectively, compared to bookings of US$607.8 million
and US$804.4 million, respectively, for the corresponding
periods ended Sept. 30, 2006.  Bookings have been affected
adversely, but the company believes temporarily, by changes in
the procurement process and a delay in budget appropriations for
certain of the company's national oil company clients.

The backlog at Sept. 30, 2007, of US$294.1 million compared to
the backlog of US$282.7 million at Sept. 30, 2006.

                Liquidity and Capital Resources

As of Sept. 30, 2007, cash and cash equivalents totaled
US$184.0 million and borrowing availability under the company's
US$500 million senior secured credit facility was
US$306.6 million, as US$193.4 million was used for outstanding
letters of credit.

In the first nine months of 2007, cash provided by operating
activities was US$187.7 million compared to US$92.1 million for
the corresponding period in 2006.  The increase of
US$95.6 million in net cash provided by operating activities was
principally from changes in working capital and improved
operating performance. In the first nine months of 2007, capital
expenditures totaled US$15.0 million and the company prepaid
US$137.1 million of its outstanding indebtedness under its
senior secured credit facility.  As of Sept. 30, 2007, total
debt was US$370.0 million and total debt net of cash and cash
equivalents was approximately US$186.0 million.

In August 2007, the company amended its senior secured credit
facility.  The amended credit facility is a five year,
US$500 million revolving credit facility.  The amendment
increased the size of the facility by US$150 million, lowered
borrowing costs 50 basis points to LIBOR plus 150 basis points
at present leverage and extended the maturity date from Oct. 29,
2009, to Aug. 30, 2012.  The amendment also reduced the
commitment fee from 37.5 basis points to 30.0 basis points.

               Painted Post Labor Agreement

The labor agreement covering approximately 400 represented
employees at the company's Painted Post facility in New York
expired Aug. 3, 2007.  There was no agreement reached resulting
in a continuing work stoppage.  The company implemented a
multiphase contingency plan that has been designed to allow for
uninterrupted service to its clients.  The company estimates the
work stoppage reduced its operating income for three and nine
months ended Sept. 30, 2007, by approximately US$20 million,
which includes approximately US$10 million in higher costs,
principally for temporary workers, and US$10 million for margin
related to deferred sales.  While the work stoppage has resulted
in higher costs and deferred sales, the company maintains its
commitment to the long-term improvement of its operations and
believes any short-term adverse impacts to its business are
worth incurring for whatever period necessary to meet its long-
term objectives.

   Contingency plan update:

1. Approximately 180 temporary replacement workers have been
   contracted since the first week of the work stoppage.
   Temporary workers will be reduced as the company continues
   recruiting permanent replacement workers and extends
   subcontracting.

2. The company has begun the process of operating with a
   permanent workforce in Painted Post, which currently stands
   at 75 employees.  This total includes both recently hired
   permanent workers and bargaining unit employees who have
   chosen to return to work.

3. Additionally, another twenty-five applicants have been
   offered employment and are expected to begin training in
   early November, bringing the total in-plant permanent
   workforce to approximately 100.

4. Subcontracting has grown to approximately 35% of Painted
   Post's labor hours and will continue, replacing the work of
   approximately 150 people by year-end 2007.

5. Quality products continue to be shipped starting with the
   second week of the work stoppage.

6. Production capacity will continue to ramp-up due to the
   above planned actions.

                            Outlook

Demand for rotating equipment and aftermarket parts and services
continues to be strong but aftermarket bookings and revenues
continue to be adversely, but the company believes temporarily,
impacted by changes in the procurement process approval cycle
and a delay in the budget appropriations for certain of its
national oil company clients.  The backlog of orders has
continued to increase to record levels.  At Sept. 30, 2007,
72.4% of the backlog of US$1,750.8 million is scheduled to ship
in 2008 and beyond.

The company believes that its 2007 operating income will be in
the range of US$205 million to US$225 million, including a
potential FAS 106 non-cash curtailment gain related to the work
stoppage of approximately US$8 million to US$12 million.

                    About Dresser-Rand Group

Dresser-Rand Group Inc. (NYSE: DRC) is among the largest
suppliers of rotating equipment solutions to the worldwide oil,
gas, petrochemical, and process industries.  It operates
manufacturing facilities in the United States, France, Germany,
Norway, India, and Brazil, and maintains a network of 24 service
and support centers covering 105 countries.

                       *     *     *

As reported in the Troubled Company Reporter-Latin America on
Sept. 7, 2007, Standard & Poor's Ratings Services assigned its
bank loan and recovery ratings to the US$500 million senior
secured revolving credit facility due 2012 of Dresser-Rand Group
Inc. (BB-/Stable/--).


DRESSER-RAND GROUP: Inks Alliance Agreement with Repsol YPF
-----------------------------------------------------------
Dresser-Rand Group Inc. has signed an alliance agreement with
Repsol YPF.  The agreement covers sales of all Dresser-Rand
products and services.  Dresser-Rand estimates the value of the
alliance agreement to be approximately US$100 million for
products and services over the next two years.

One steam turbine project for the Tarragona (Spain) refinery
valued at approximately US$13 million was secured in August
2007.  Subsequently, in the month of October, two projects for
the Petronor Refinery (Bilbao, Spain) have been awarded with a
total value of approximately US$20 million. Dresser-Rand will
supply one process reciprocating compressor, one DATUM
centrifugal compressor and associated services.

"We're appreciative of the confidence that Repsol has placed in
Dresser- Rand," said Vincent R. Volpe, Jr., president and Chief
Executive Officer of Dresser-Rand.  "As a new alliance partner,
we look forward to working with Repsol to provide value- adding
solutions through lowest life cycle cost for new equipment and
minimal emissions.  We're also pleased to supply equipment to
the planned refinery expansions reflecting the continued
strength of this market segment, particularly as it relates to
expansion in the European market."

Repsol-YPF's decision to enter into an alliance with Dresser-
Rand was primarily based on the company's technical capability
as well as its proposal to reduce Repsol's total cost of
ownership of their assets.  Repsol-YPF will be able to realize
considerable saving by not utilizing an EPC contractor for the
final design stages and procurement (after FEED) based on
Dresser-Rand's proprietary Corporate Product Configurator and
its Price Book e-tools.

                     About Repsol YPF

Repsol YPF, S.A. (IBEX: REP) is an integrated Spanish oil and
gas company with operations in 29 countries, the bulk of its
assets are located in Spain and Argentina.  Repsol S.A. is one
of the world's ten largest private oil enterprises, employing
over 30,000 people worldwide.  Repsol YPF operates five
refineries in Spain and four in Latin America and produces
chemicals, plastics, and polymers. It sells gas under the brands
Campsa, Petronor, and Repsol at more than 6,900 service stations
in Europe and Latin America.  It is one of Spain's largest
sellers of liquefied petroleum gas.

                 About Dresser-Rand Group

Dresser-Rand Group Inc. (NYSE: DRC) is among the largest
suppliers of rotating equipment solutions to the worldwide oil,
gas, petrochemical, and process industries.  It operates
manufacturing facilities in the United States, France, Germany,
Norway, India, and Brazil, and maintains a network of 24 service
and support centers covering 105 countries.

                       *     *     *

As reported in the Troubled Company Reporter-Latin America on
Sept. 7, 2007, Standard & Poor's Ratings Services assigned its
bank loan and recovery ratings to the US$500 million senior
secured revolving credit facility due 2012 of Dresser-Rand Group
Inc. (BB-/Stable/--).


GENERAL CABLE: Freeport-McMoran Completes Phelps Dodge Biz Sale
---------------------------------------------------------------
Freeport-McMoRan Copper & Gold Inc. has completed the sale of
its international wire and cable business, operated in the name
of Phelps Dodge International Corporation, to General Cable
Corporation for US$735 million.  FCX expects to use the proceeds
estimated to approximate US$620 million, net of taxes and other
transaction costs, to repay debt.

General Cable acquired 100% of the shares held by FCX and its
subsidiaries in the entities comprising the wire and cable
business.  PDIC operates factories and distribution centers in
19 countries throughout Latin America, Asia and Africa and is
engaged in the manufacturing and distribution of engineered
products, principally for the global energy sector.

FCX expects to record charges of up to approximately US$20
million (US$12 million to net income) for transaction and
related costs associated with the disposition.

                   About Freeport-McMoran

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) --
http://www.fcx.com/-- is an international mining industry
leader based in North America with large, long-lived,
geographically diverse assets and significant proven and
probable reserves of copper, gold and molybdenum.  Freeport-
McMoRan has one of the most dynamic portfolios of operating,
expansion and growth projects in the copper mining industry.
The Grasberg mine in Indonesia, the world's largest copper and
gold mine in terms of reserves, is the company's key asset.
Freeport-McMoRan also operates significant mining operations in
North and South America and is developing the world-class Tenke
Fungurume project in the Democratic Republic of Congo.

The completion of Freeport-McMoran's acquisition further expands
the company's global operations.  The former Phelps Dodge Corp.
has mining operations in Chile, Peru, Colombia, Venezuela and
Ecuador, among others.

                    About General Cable

Headquartered in Highland Heights, Kentucky, General Cable
Corporation (NYSE: BGC) -- http://www.generalcable.com/-- makes
aluminum, copper, and fiber-optic wire and cable products.  It
has three operating segments: industrial and specialty (wire and
cable products conduct electrical current for industrial and
commercial power and control applications); energy (cables used
for low-, medium- and high-voltage power distribution and power
transmission products); and communications (wire for low-voltage
signals for voice, data, video, and control applications).
Brand names include Carol and Brand Rex.  It also produces power
cables, automotive wire, mining cables, and custom-designed
cables for medical equipment and other products.  General Cable
has locations in China, Australia, France, Brazil, the Dominican
Republic and Spain.

                       *     *     *

As reported in the Troubled Company Reporter-Latin America on
Oct. 1, 2007, Moody's Investors Service has assigned a rating of
B1 to the proposed USUS$400 million senior unsecured convertible
notes of General Cable Corporation.

As reported in the Troubled Company Reporter on Sept. 19, 2007,
Standard & Poor's Ratings Services affirmed its 'BB-' corporate
credit rating on General Cable Corp.  S&P said the outlook is
stable.


GENERAL CABLE: Earns US$61.1 Million in 2007 Third Quarter
----------------------------------------------------------
General Cable Corporation has recorded net income of US$61.1
million for the third quarter of 2007, compared to US$37.0
million in the third quarter of 2006.

Net sales for the third quarter of 2007 were US$1.1 billion, an
increase of US$194.0 million or 20.6% compared to the third
quarter of 2006 on a metal-adjusted basis.  Without the impact
of acquisitions, revenue growth was approximately 12.1% in the
third quarter of 2007 compared to 2006.  This growth was
principally due to the continuing strength of the company's
global electrical infrastructure and electric utility
businesses, as well as favorable foreign exchange translation,
which together more than offset the impact of declining
telecommunications and residential construction demand. Revenues
from acquired businesses contributed US$80.3 million in the
third quarter.

The average price per pound of copper in the third quarter was
US$3.48, an increase of US$0.02 from the second quarter of 2007,
and a decrease of US$0.06 or 1.7% from the third quarter of
2006.  The average price per pound of aluminum in the third
quarter was US$1.19, a decrease of US$0.09, or 7% from the
second quarter of 2007, and equal to the third quarter of 2006.

Third quarter 2007 operating income was US$92.3 million compared
to operating income of US$65.8 million in the third quarter of
2006, an increase of US$26.5 million or 40.3%.  Operating margin
was 8.1% in the third quarter of 2007, an increase of
approximately 110 basis points from the operating margin
percentage of 7.0% in the third quarter of 2006 on a metal-
adjusted basis.  This improvement was principally due to better
price realization in many of the company's product lines,
operating improvements in acquired businesses, cost improvements
from LEAN initiatives, and approximately US$2.4 million in LIFO
gains from the liquidation of lower cost inventory, all of which
more than offset the impact of lower capacity utilization rates
for certain construction and telecommunications product lines.

Included in the earnings results for the third quarter of 2007
was approximately US$0.08 per share of tax benefits resulting
from prior year tax provision true-ups.  In addition, the 2007
estimated full year effective tax rate has been reduced to 36%
as a result of the increasing relative mix of income generated
in lower tax rate countries and the impact of effective tax
planning strategies.

                      Market Update

In North America, revenues increased 9.7% in the third quarter
compared to 2006 on a metal-adjusted basis.  This top line
improvement is net of nearly a 20% drop in metal-adjusted
revenues for telecommunications products sold primarily to
telephone operating companies.  Without the impact of
telecommunications products, North American metal-adjusted
revenue grew at 16.1% in the third quarter of 2007 compared to
2006.  Operating margin has increased by 190 basis points to
8.7%. With the exception of telecommunications products, all
North American businesses reported increased revenues and
earnings during the third quarter of 2007 compared to the prior
year.  The company has continued to benefit from its exposure to
a wide range of strong end markets including electric utility,
electrical infrastructure, networking, and electronics that are
more than offsetting continued telecommunications product
declines and the impact of a weak housing market on certain
utility cable product families.  The company is examining its
telecommunications footprint in the context of various demand
scenarios.

European electric utility and electrical infrastructure markets
broadly continue to remain robust with the exception of Spanish
construction.  Operating earnings in the Company's European
business grew by 35% to US$36.8 million in the third quarter of
2007 compared to the prior year.  Operating margin was 7.5% in
the third quarter, equal to the same period in 2006 on a metal
adjusted basis.  Revenues were up 35% in the quarter on a metal-
adjusted basis.  Before the impact of acquired businesses and
favorable changes in exchange rates, organic growth was 7.5%,
despite approximately a 20% decline in demand for cables used in
Spanish residential construction since the end of 2006.  The
company has initiated growth strategies in other European
markets for these low voltage products including the European
do-it-yourself markets.  "The Company's European operations are
showing strong results, particularly from businesses recently
acquired.  NSW is actively developing products for submarine
power and long-haul fiber optic communications markets and
Silec's high voltage solid dielectric underground cable systems
continue to gain momentum globally.  Both businesses are booking
projects into the 2009 timeframe.  At ECN, we are nearing
completion of an important technology transfer, which will allow
ECN to manufacture the company's trapezoidal design hardened
steel core overhead transmission cable.  This cable effectively
provides about 75% more capacity compared to a similar sized
cable of a traditional design, perfect for the congested rights
of way in Europe," Gregory B. Kenny, the company's President and
Chief Executive Officer, said.

                 Completion of Acquisition

The company has completed the acquisition of PDIC from Freeport-
McMoRan Copper & Gold Inc.  "This is a transformative
transaction for General Cable and one that accelerates our
globalization plans by many years.  The developing economies
that are served by PDIC are continuing to grow much faster than
the developed world. During the planning process for the
integration of this acquisition, the management teams of both
General Cable and PDIC have been encouraged by the level of
common business philosophies and the opportunities this
transaction presents for more efficient utilization of our
combined manufacturing capacity, the ability to enter new
markets, and improvements in raw material and equipment costs,"
Mr. Kenny said.

In connection with the acquisition of PDIC, the Company recently
completed an offering of US$475 million of 1% Senior Convertible
Notes due 2012.  Proceeds from this offering were used to
partially fund the acquisition of PDIC.  Additionally, as part
of the funding of the acquisition of PDIC, the Company increased
the borrowing capacity of its United States revolving asset
backed loan from US$300 million to US$400 million, effective
Oct. 31, 2007.  This increase will provide additional liquidity
to fund future acquisitions and internal growth opportunities.

                 Management Announcements

The company has announced several management changes effective
Nov. 1, 2007, which will align the company's management
structure along geographic lines.  The company welcomes Mathias
Sandoval to General Cable as Executive Vice President and Chief
Executive Officer of our combined operations in Latin America,
Sub-Saharan Africa and the Middle East/Asia Pacific.  This
includes the historical General Cable Asia Pacific and Central
and South American businesses of the company, as well as Mexico.
Domingo Goenaga has been promoted to Executive Vice President
and Chief Executive Officer of General Cable Europe and North
Africa and will continue in his current capacity.  Gregory
Lampert has been promoted to Executive Vice President and Group
President of the North American Electrical and Communications
Infrastructure Group.  This business includes products
supporting data, telephone, industrial power, assemblies and
electronic applications.  J. Michael Andrews has been promoted
to Executive Vice President and Group President of the North
American Energy Infrastructure and Technology Group.  This
business includes products supporting energy exploration,
production, transmission, and distribution applications.  Roddy
Macdonald has been promoted to Executive Vice President of
Global Sales and Business Development.  In addition to leading
our North American Sales organization, Mr. Macdonald will work
with our business and sales leaders around the globe to align
our commercial strategies and ensure that we will present one
face to global customers across all regions and businesses.
Each of these individuals will report directly to Mr. Kenny.

"Over the last decade, the General Cable management team has
successfully grown the Company from a U.S. centric business
focused on communications and construction cables, to a truly
international Company with approximately two-thirds of its
projected revenues generated outside of the United States and a
product range and geographic diversity second to none," Mr.
Kenny said.  "I expect these leaders to be relentless in their
drive for continuous improvement; have the vision to identify
new markets and business opportunities before they become
popular; and have the strength and wisdom to profitably navigate
the Company into the future through all market conditions.  I
believe we have one of the most thoughtful and energetic
management teams in the business that we can continue to
leverage as we expand globally."

                 Preferred Stock Dividend

In accordance with the terms of the company's 5.75% Series A
Convertible Redeemable Preferred Stock, the Board of Directors
has declared a regular quarterly preferred stock dividend of
approximately US$0.72 per share.  The dividend is payable on
Nov. 24, 2007, to preferred stockholders of record as of the
close of business on Oct. 31, 2007.  The company expects the
quarterly dividend payment to approximate US$0.1 million

               Fourth Quarter 2007 Outlook

The company continues to benefit from strong global demand for
many of our products.  The North American Electric Reliability
Corporation recently suggested that many regions in North
America will fall below their target electricity capacity
margins within the next two or three years.  Additionally, NERC
suggested that planned transmission projects are significantly
higher than projected a year ago.  The Company believes this
assessment supports our view of a continuation of a long-term
upgrade cycle for the aging transmission grid.  However, demand
for low voltage utility products in North America will likely
continue to be weak as a result of continued new home
construction weakness with particular impact on low voltage
distribution products.  As a result, the company expects growth
in the overall utility segment to moderate.  The company will be
lowering production levels of certain utility products in North
America in the fourth quarter in an effort to better align its
production and inventory mix with end market demand, which will
have the benefit of increasing operating cash flows.  While this
will result in some short-term inefficiency in certain
manufacturing facilities, overall the Company is expected to
grow operating earnings by 20% or more in the fourth quarter
compared to the prior year before the benefit of PDIC.

Revenues for the fourth quarter without PDIC are expected to be
approximately US$1.05 billion, an increase of 12% from the
fourth quarter of 2006 on a metal adjusted basis.  In addition,
PDIC will contribute approximately US$220 million of revenues
for the balance of the fourth quarter.  For the fourth quarter,
the Company expects to report earnings per share of
approximately US$0.80 to US$0.85, including estimated
contributions from the PDIC operations, the related financing
impact, and purchase accounting related expenses.  "Looking
forward, we are increasing our accretion guidance for 2008
related to the acquisition of PDIC from a range of US$0.20 to
US$0.30 to a range of US$0.40 to US$0.50 due to the continuing
strength of PDIC's end markets," Mr. Kenny concluded.

                    About General Cable

Headquartered in Highland Heights, Kentucky, General Cable
Corporation (NYSE: BGC) -- http://www.generalcable.com/-- makes
aluminum, copper, and fiber-optic wire and cable products.  It
has three operating segments: industrial and specialty (wire and
cable products conduct electrical current for industrial and
commercial power and control applications); energy (cables used
for low-, medium- and high-voltage power distribution and power
transmission products); and communications (wire for low-voltage
signals for voice, data, video, and control applications).
Brand names include Carol and Brand Rex.  It also produces power
cables, automotive wire, mining cables, and custom-designed
cables for medical equipment and other products.  General Cable
has locations in China, Australia, France, Brazil, the Dominican
Republic and Spain.

                       *     *     *

As reported in the Troubled Company Reporter-Latin America on
Oct. 1, 2007, Moody's Investors Service has assigned a rating of
B1 to the proposed USUS$400 million senior unsecured convertible
notes of General Cable Corporation.

As reported in the Troubled Company Reporter on Sept. 19, 2007,
Standard & Poor's Ratings Services affirmed its 'BB-' corporate
credit rating on General Cable Corp.  S&P said the outlook is
stable.


GENERAL MOTORS: Investing US$73 Mln in Shreveport Assembly Plant
----------------------------------------------------------------
General Motors confirmed that it will invest US$73 million into
its Shreveport, Louisiana truck assembly plant to prepare the
plant for production of the all-new HUMMER H3T.

"GMís US$73-million investment in Shreveport is further proof
that the community remains an important part of GMís
manufacturing plan," Troy Clarke, GM Group Vice President and GM
North America President, said.  "The H3T is unique for HUMMER
because it is the brandís first true pickup.  Like every HUMMER
model, the H3T delivers capabilities unparalleled in the
marketplace and will carve out a new niche in the truck market.  
Iím happy to say that the men and women of Shreveport will be a
big part of this new growth."

Cal Rapson, UAW vice president and director of the GM
Department, also voiced strong support for the project.

"This investment is a testament to the members of UAW Local 2166
for their hard work and commitment to build high quality
products," Mr. Rapson said.  "UAW members at the Shreveport
plant are an important part of the team that is bringing this
exciting new GM vehicle to the market."

Larger than a midsize truck, smaller than a full-size, the H3T
delivers attitude, versatility and capability. And more
important, with a fully functional truck bed and one of the
industryís broadest range of personalization accessories, the
H3T provides a new level of lifestyle functionality to the
HUMMER portfolio and will draw new customers into the brand.  
The H3T is scheduled to arrive in dealerships by third quarter
2008.

"I am delighted that GM has once again chosen to increase
investments in Louisiana by expanding operations in Shreveport,"
Governor Blanco said.  "Louisiana looks to partner with
companies interested in doing business in our state who will not
only positively impact the regionís economy with their activity,
but will also provide quality jobs with good benefits to our
workers.  Thank you for helping us move Louisiana forward."

In the last several years, GM has invested approximately
US$1.5 billion in the Shreveport facility.  This investment
along with the plantís annual payroll of US$160 million and
annual taxes of US$4.5 million, demonstrates that GM will
continue to be an economic force in the local community and
state of Louisiana for years to come.

Shreveport Assembly has built trucks since 1981, beginning with
the Chevy S-10.  The plant presently produces the HUMMER H3 and
Chevy Colorado and GMC Canyon mid-size pickup trucks.  
Shreveport Assembly employs approximately 2,100 employees.

                      About General Motors

Headquartered in Detroit, Michigan, General Motors Corp. (NYSE:
GM) -- http://www.gm.com/-- was founded in 1908.  GM employs
about 280,000 people around the world and manufactures cars and
trucks in 33 countries, including the United Kingdom, Germany,
France, Russia, Brazil and India.  In 2006, nearly 9.1 million
GM cars and trucks were sold globally under the following
brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden,
HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall.  GM's OnStar
subsidiary is the industry leader in vehicle safety, security
and information services.

                          *     *     *

As reported in the Troubled Company Reporter on Oct. 23, 2007,
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating and other ratings on General Motors Corp. and
removed them from CreditWatch with positive implications, where
they were placed Sept. 26, 2007, following agreement on the new
labor contract.  S&P said the outlook is stable.


LAZARD LTD: Paying US$0.09 Per Share Quarterly Dividend
-------------------------------------------------------
Lazard Ltd.'s Board of Directors has declared a quarterly
dividend of US$0.09 per share on its outstanding Class A common
stock, payable on Nov. 30, 2007, to stockholders of record on
Nov. 9, 2007.

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

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


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


ARTEK-BAUPLANUNG: Claims Registration Period Ends Nov. 26
---------------------------------------------------------
Creditors of Artek-Bauplanung GmbH have until Nov. 26 to
register their claims with court-appointed insolvency manager
Dr. Sebastian Henneke.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Dec. 17, 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 Duisburg
         Hall C205
         Second Floor
         Kardinal-Galen-Strasse 124-132
         47058 Duisburg
         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. Sebastian Henneke
          Muelheimer Str. 100
          47057 Duisburg
          Germany

The District Court of Duisburg opened bankruptcy proceedings
against Artek-Bauplanung GmbH on Oct. 10.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

          Artek-Bauplanung GmbH
          Boeckumer Burgweg 26
          47259 Duisburg
          Germany


ATL ENGINEERING: Claims Registration Period Ends Dec. 7
-------------------------------------------------------
Creditors of ATL Engineering GmbH have until Dec. 7 to register
their claims with court-appointed insolvency manager Anton
Rosenauer.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Jan. 10, 2008, 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 Stuttgart
         Hall 178
         Hauffstr. 5 (Am Neckartor)
         70190 Stuttgart
         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:

         Anton Rosenauer
         Industriestr. 3
         70565 Stuttgart
         Germany
         Tel: 0711/2 31 75 93
         Fax: 0711/2 31 75 94

The District Court of Stuttgart opened bankruptcy proceedings
against ATL Engineering GmbH on Oct. 11.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         ATL Engineering GmbH
         Attn: Mike Drew, Manager
         Tilsiter Str. 4-6
         71065 Sindelfingen
         Germany


B.A.U. PROJEKTMANAGEMENT: Claims Registration Ends November 22
--------------------------------------------------------------
Creditors of B.A.U. Projektmanagement GmbH have until Nov. 22 to
register their claims with court-appointed insolvency manager
Ulrike Hoge-Peters.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on Jan. 16, 2008, 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 Rostock
         Hall 330
         Zochstrasse
         18057 Rostock
         Germany

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

The insolvency manager can be reached at:

         Ulrike Hoge-Peters
         Rosa-Luxemburg-Strasse 8
         18055 Rostock
         Germany

The District Court of Rostock opened bankruptcy proceedings
against B.A.U. Projektmanagement GmbH on Oct. 11.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         B.A.U. Projektmanagement GmbH
         Attn: Rico Kramer, Manager
         Reiferweg 15
         18055 Rostock
         Germany


BAUGESELLSCHAFT BRYGGEMANN: Claims Registration Ends November 22
----------------------------------------------------------------
Creditors of Baugesellschaft Bryggemann mbH have until Nov. 22
to register their claims with court-appointed insolvency manager
Joerg Sievers.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Jan. 16, 2008, 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 Stralsund
         Hall A 421
         Fourth Floor
         House A
         Frankendamm 17
         Stralsund         
         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:

         Joerg Sievers
         Robert-Blum-Str. 1
         17489 Greifswald
         Germany

The District Court of Stralsund opened bankruptcy proceedings
against Baugesellschaft Bryggemann mbH on Oct. 17.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Baugesellschaft Bryggemann mbH
         Attn: Frank Ehrke, Manager
         Neue Strasse 3
         18528 Bergen
         Germany


BAYERISCHE VERANSTALUNGS: Claims Registration Ends November 16
--------------------------------------------------------------
Creditors of Bayerische Veranstalungs- und
Vergnuegungsgesellschaft GmbH have until Nov. 16 to register
their claims with court-appointed insolvency manager Dr. Hans
von Gleichenstein.

Creditors and other interested parties are encouraged to attend
the meeting at 9:20 a.m. on Dec. 17, 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 Munich
         Meeting Hall 102
         Infanteriestr. 5
         80097 Munich
         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. Hans von Gleichenstein
         Rottmannstr.11a
         80333 Munich
         Germany
         Tel: 089/5427300
         Fax: 089/54273015

The District Court of Munich opened bankruptcy proceedings
against Bayerische Veranstalungs- und Vergnuegungsgesellschaft
GmbH on Oct. 16.  Consequently, all pending proceedings against
the company have been automatically stayed.

The Debtor can be reached at:

         Bayerische Veranstalungs- und Vergnuegungsgesellschaft
         GmbH
         Friedenstr. 10
         81671 Munich
         Germany


BURBAT BAU: Claims Registration Period Ends Dec. 5
--------------------------------------------------
Creditors of Burbat Bau GmbH have until Dec. 5 to register their
claims with court-appointed insolvency manager Hubertus
Bartelheimer.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on Jan. 9, 2008, 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 Frankfurt (Oder)
         Hall 401
         Muellroser Chaussee 55
         15236 Frankfurt (Oder)
         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. Hubertus Bartelheimer
         Bernburger Strasse 32
         10963 Berlin
         Germany

The District Court of Frankfurt (Oder) opened bankruptcy
proceedings against Burbat Bau GmbH on Oct. 11.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Burbat Bau GmbH
         Stadtweg 5
         15374 Muencheberg
         Germany


CARFIT AUTO: Claims Registration Period Ends Nov. 28
----------------------------------------------------
Creditors of Carfit Auto- Unfall- Klinik GmbH have until Nov. 28
to register their claims with court-appointed insolvency manager
Angela Gerigk.

Creditors and other interested parties are encouraged to attend
the meeting at 1:30 p.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 Essen
         Meeting Hall 293
         Second Floor
         Zweigertstr. 52
         45130 Essen
         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:

         Angela Gerigk
         Katharinenstr. 7
         46282 Dorsten
         Germany

The District Court of Essen opened bankruptcy proceedings
against Carfit Auto- Unfall- Klinik GmbH on Oct. 11.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

          Carfit Auto- Unfall- Klinik GmbH
          Bruener Strasse 32
          46240 Bottrop
          Germany


CATCH UP: Claims Registration Ends November 6
---------------------------------------------
Creditors of CATCH UP Catering GmbH have until Nov. 6 to
register their claims with court-appointed insolvency manager
Dr. Stephan Schlegel.

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 Darmstadt
         Hall 4.312
         Fourth Floor
         Building D
         Mathildenplatz 15
         64283 Darmstadt
         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. Stephan Schlegel
         Hauptstrasse 336
         65760 Eschborn
         Germany
         Tel: 06173/9394-0
         Fax: 06173/9394-20

The District Court of Darmstadt opened bankruptcy proceedings
against CATCH UP Catering GmbH on Oct. 18.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         CATCH UP Catering GmbH
         Attn: Martin Mueller, Manager
         Daimlerweg 6
         64293 Darmstadt
         Germany


CROSSCOM NETWORKS: Claims Registration Period Ends Nov. 27
----------------------------------------------------------
Creditors of Crosscom Networks GmbH have until Nov. 27 to
register their claims with court-appointed insolvency manager
Dr. Steffen Koch.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Jan. 8, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Reinbek
         Parkallee 6
         21465 Reinbek
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

          Dr. Steffen Koch
          Albert-Einstein-Ring 11
          22761 Hamburg
          Germany

The District Court of Reinbek opened bankruptcy proceedings
against Crosscom Networks GmbH on Oct. 9.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Crosscom Networks GmbH
         Attn: Juergen Henning, Manager
         Schillerstr. 17
         23858 Reinfeld
         Germany


HEKA INVESTMENT: Claims Registration Ends November 8
----------------------------------------------------
Creditors of HEKA Investment GmbH have until Nov. 8 to register
their claims with court-appointed insolvency manager Dr. Biner
Baehr.

Creditors and other interested parties are encouraged to attend
the meeting at 9:20 a.m. on Nov. 29, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Duesseldorf
         Meeting Hall A 409
         Fourth Floor
         Muehlenstrasse 34
         40213 Duesseldorf
         Germany

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

The insolvency manager can be reached at:

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

The District Court of Duesseldorf opened bankruptcy proceedings
against HEKA Investment GmbH on Oct. 16.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         HEKA Investment GmbH
         Graf-Adolf-Platz 15
         40213 Duesseldorf
         Germany


I.B.W. BAU: Claims Registration Period Ends Dec. 7
--------------------------------------------------
Creditors of I.B.W. Bau GmbH have until Dec. 7 to register their
claims with court-appointed insolvency manager Axel Bierbach.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Jan. 8, 2008, 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 Munich
         Meeting Hall 102
         Infanteriestr. 5
         80097 Munich
         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:

         Axel Bierbach
         Schwanthaler Str. 32
         80336 Munich
         Germany
         Tel: 089/54511-0
         Fax: 089/54511444

The District Court of Munich opened bankruptcy proceedings
against I.B.W. Bau GmbH on Oct. 12.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         I.B.W. Bau GmbH
         Attn: Bogdan Slawomir Wojtylak, Manager
         Situlistr. 72 a
         80939 Munich
         Germany


KIRCHEN HSH: Claims Registration Period Ends Nov. 23
----------------------------------------------------
Creditors of Kirchen HSH Heizung-Sanitar-Haustechnik GmbH have
until Nov. 23 to register their claims with court-appointed
insolvency manager Bernhard C. Seibel.

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

The meeting of creditors will be held at:

         The District Court of Trier
         Hall 63
         Justizstrasse 2,4,6
         54290 Trier
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 9:35 a.m. on Dec. 11, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Bernhard C. Seibel
         Boehmerstrasse 16
         54290 Trier
         Germany
         Tel: 0651/975900
         Fax: 0651/9759095
         E-mail: info@seibel-partner.de    

The District Court of Trier opened bankruptcy proceedings
against Kirchen HSH Heizung-Sanitar-Haustechnik GmbH on Oct. 15.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Kirchen HSH Heizung-Sanitar-Haustechnik GmbH
         Attn: Hermann Eugen Kirchen, Manager
         Max-Planck-Strasse 5
         54439 Saarburg
         Germany


RAINER MEFFERT: Claims Registration Ends November 9
---------------------------------------------------
Creditors of Rainer Meffert have until Nov. 9 to register their
claims with court-appointed insolvency manager Harald Silz.

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 Darmstadt
         Hall 4.312
         Fourth Floor
         Building D
         Mathildenplatz 15
         64283 Darmstadt
         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:

         Harald Silz
         Adolfsallee 24
         65185 Wiesbaden
         Germany
         Tel: 0611-1504-0
         Fax: 0611-301774

The District Court of Darmstadt opened bankruptcy proceedings
against Rainer Meffert on Oct. 16.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Rainer Meffert
         Semmelweisweg 6
         65428 Ruesselsheim
         Germany


SARA BAU-UND: Claims Registration Period Ends Nov. 27
-----------------------------------------------------
Creditors of Sara Bau- und Grundstuecksgesellschaft mbH have
until Nov. 27 to register their claims with court-appointed
insolvency manager Dr. Gideon Boehm.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on Jan. 8, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Reinbek
         Parkallee 6
         21465 Reinbek
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

          Dr. Gideon Boehm
          Bachstr. 85 a
          22083 Hamburg
          Germany

The District Court of Reinbek opened bankruptcy proceedings
against Sara Bau- und Grundstuecksgesellschaft mbH on Oct. 16.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Sara Bau- und Grundstuecksgesellschaft mbH
         Attn: Klaus-Dieter Behn, Manager
         Meessen 3
         22113 Oststeinbek
         Germany


VISTEON CORP: Sept. 30 Balance Sheet Upside-Down by US$162 Mln
--------------------------------------------------------------
Visteon Corporation disclosed Wednesday third quarter 2007
results.  

The company's consolidated balance sheet at Sept. 30, 2007,
showed US$7.119 billion in total assets, US$6.993 billion in
total liabilities, and US$288 million in minority interests in
consolidated subsidiaries, resulting in a US$162 million total
shareholders' deficit.

Third quarter 2007 net loss of US$109 million was reduced by
US$68 million compared to the third quarter 2006 net loss of
US$177 million.  Third quarter 2007 results include US$14
million of non-cash asset impairments.  EBIT-R of negative US$33
million was an improvement of US$94 million over the negative
US$127 million EBIT-R reported in the third quarter 2006.  These
improvements were primarily driven by favorable cost performance
resulting from the company's ongoing restructuring and cost-
reduction efforts.

EBIT-R represents net loss before net interest expense,
provision for income taxes and extraordinary item and excludes
impairment of long-lived assets and net unreimbursed
restructuring charges.

For the third quarter 2007, total sales were US$2.55 billion,
including favorable foreign currency of approximately
US$100  million.  Sales from continuing operations for the third
quarter 2006 were US$2.58 billion.  Product sales to Ford Motor
Co. declined 15%, or US$163 million, to US$893 million,
primarily reflecting divestitures, sourcing actions and product
mix.  Product sales to other customers increased 9%, or US$126
million, to US$1.52 billion and represented 63% of total product
sales.

"Our third quarter results show the fundamental improvement we
have achieved across our business," said Michael F. Johnston,
chairman and chief executive officer.  "We are making progress
in every aspect of our improvement plan by implementing our
restructuring actions as planned and continuing to improve and
grow our operations to position Visteon for long-term success."

                          Restructuring

Visteon has completed 17 of the 30 previously identified
restructuring activities under its three-year improvement plan
and has disclosed three additional actions.  During the third
quarter 2007, Visteon completed the sale of its non-core
powertrain operation located in Chennai, India for cash proceeds
of US$30 million.  Visteon made progress implementing the
previously disclosed closures of its Connersville and Bedford,
Ind., facilities.  During the third quarter of 2007, the company
reached an agreement with the local labor union at Bedford to
cease operations by mid-2008.  The company remains on track to
cease production at Connersville in December of this year.  

On Oct. 18, 2007, Visteon disclosed that it had entered into a
non-binding memorandum of understanding for the sale its non-
core chassis facility located in Swansea, Wales, United Kingdom.  
The completion of the transaction is subject to customary
agreements and approvals and is expected to close by the end of
2007.

Upon the completion of the Bedford, Connersville and Swansea
actions, 20 of the 30 facilities actions included in the
company's restructuring plan will have been addressed.

"Our continued success in winning new business from customers
around the world speaks to the strength of Visteon's product
capability and global engineering and manufacturing footprints,"
said Donald J. Stebbins, president and chief operating officer.

                     Nine Month 2007 Results

For the first nine months of 2007, sales from continuing
operations were US$8.41 billion including favorable foreign
currency of approximately US$400 million.  Sales from continuing
operations for the same period in 2006 were US$8.45 billion.  
During 2007, product sales to Ford declined 14%, or US$525
million, to US$3.15 billion, reflecting lower North American
production volumes, divestitures, sourcing actions and product
mix.  Sales to other customers increased 11%, or US$494 million,
to US$4.85 billion and represented 61% of total product sales.

Visteon reported a net loss of US$329 million for the first nine
months of 2007 compared with a net loss of US$124 million for
the same period a year ago.  2007 results include US$77 million
of non-cash asset impairments compared with US$22 million in the
same period a year ago.  EBIT-R of negative US$64 million for
the first nine months of 2007 was lower by US$128 million when
compared to positive US$64 million in the same period of 2006.  
Lower 2007 EBIT-R primarily reflects the non-recurrence of 2006
benefits attributable to the settlement of various post-
retirement benefit obligations and customer commercial
negotiations, 2007 costs associated with the company's
restructuring activities and lower customer volumes and product
mix, principally in North America. These factors were partially
offset by cost performance and benefits from restructuring
actions.

                     Cash Flow and Liquidity

Cash used by operating activities totaled US$53 million for the
third quarter 2007 compared with US$34 million a year ago.  The
increase in cash used by operating activities is primarily a
result of an approximately US$70 million reduction in receivable
sales under the company's European securitization facility.  
Free cash flow was negative US$141 million for third quarter
2007 compared with negative US$116 million for the same period
in 2006.  Visteon used US$38 million of cash from operations for
the first nine months of 2007 compared with US$42 million of
cash provided by operations for the first nine months of 2006.  
For the first nine months of 2007, free cash flow was a use of
US$270 million, compared with a use of US$223 million for the
same period a year ago.

As of Sept. 30, 2007, Visteon had cash balances totaling
US$1.4 billion and total debt of US$2.7 billion.  Additionally,
no amounts were drawn on the company's US$350 million asset-
based U.S. revolving credit facility, and the company had
availability under its US$325 million European receivables
securitization facility of about US$140 million.

                   About Visteon Corporation
    
Based in Van Buren Township, Michigan, Visteon Corp. (NYSE: VC)
-- http://www.visteon.com/-- is a global automotive supplier  
that designs, engineers and manufactures innovative climate,
interior, electronic, and lighting products for vehicle
manufacturers, and also provides a range of products and
services to aftermarket customers.  The company's other
corporate offices are in Shanghai, China; and Kerpen, Germany.  
The company has facilities in 26 countries and employs
approximately 43,000 people.

                          *     *     *

In November 2006, Moody's Investor Service placed Visteon
Corp.'s long term corporate family  and probability of default
ratings at 'B3'.  The ratings still hold to date.


ZIMMEREI UND TROCKENBAU: Claims Registration Ends November 23
-------------------------------------------------------------
Creditors of Zimmerei und Trockenbau Neumann und Beltz GmbH have
until Nov. 23 to register their claims with court-appointed
insolvency manager  Henner Patzak.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on Dec. 17, 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:

         Henner Patzak
         Beethovenstrasse 12
         19053 Schwerin
         Germany

The District Court of Schwerin opened bankruptcy proceedings
against Zimmerei und Trockenbau Neumann und Beltz GmbH on Oct.
16.  Consequently, all pending proceedings against the company
have been automatically stayed.

The Debtor can be reached at:

         Zimmerei und Trockenbau Neumann und Beltz GmbH
         Ziegeleiweg 3
         19057 Schwerin
         Germany


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


AES CORP: Seeking Regulators' Approval on Two Gas Projects
----------------------------------------------------------
The Baltimore Sun reports that the AES Corporation is seeking
the US Federal Energy Regulatory Commission's authorization for
the construction of a liquefied natural gas terminal at the
Sparrows Point shipyard and an 88-mile pipeline into
Pennsylvania.

According to The Sun, the National Association of State Fire
Marshals and federal regulators heeded a request from some
Turners Station residents to consider the approval for liquefied
natural gas projects.  The Fire Marshals and regulators will
meet in Washington about the approval process.

O'Rourke of the National Association of State Fire Marshals told
The Sun, "Some folks who, to date, haven't been involved -- who
missed those initial hearings -- wanted to learn about the LNG
[liquefied natural gas] approval process."

The Sun relates that many community leaders and officials have
been opposing the project.

The terminal would be a potential hazard to nearby homes in
Dundalk, especially to those in Turners Station, The Sun says,
citing sources.

Federal officials had notified AES that the State Highway
Administration would not grant the company access to construct
its pipeline along the Baltimore Beltway.  They asked the firm
to present a new route for the pipeline, The Sun states.

AES Corp. -- http://www.aes.com/-- is a global power company.  
The company operates in South America, Europe, Africa, Asia and
the Caribbean countries.  Specifically, it also has operations
in India.  Generating 44,000 megawatts of electricity through
124 power facilities, the company delivers electricity through
15 distribution companies.

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

As reported in the Troubled Company Reporter-Latin America on
Oct. 12, 2007, Moody's Investors Service affirmed The AES
Corporation's Corporate Family Rating at B1 and the senior
unsecured rating assigned to its new senior unsecured notes
offering at B1 following its upsizing to US$2 billion from
US$500 million.  LGD assessments are subject to change pending
the final capital structure.

As reported on Oct. 12, 2007, Fitch Ratings assigned a 'BB/RR1'
rating to AES Corporation's US$500 million issue of senior
unsecured notes due 2017.  AES' long-term Issuer Default Rating
is rated 'B+' by Fitch.  Fitch said the rating outlook is
stable.


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


SANMINA-SCI CORP: Posts US$1.1 Billion Net loss for FY 2007
-----------------------------------------------------------
Sanmina-SCI Corporation has revenue of US$2.5 billion, compared
to US$2.5 billion in the third quarter ended June 30, 2007 and
US$2.7 billion in the fourth quarter ended Sept. 30, 2006.
Revenue for the year ended Sept. 29, 2007 was US$10.4 billion,
compared to US$11.0 billion in the prior year.

Non-GAAP Financial Results for the Quarter and Fiscal Year

Net income for the fourth quarter 2007 was US$10.2 million,
US$0.02 diluted earnings per share, compared to a net loss of
US$22.8 million, a diluted loss per share of US$0.04 for the
third quarter ended June 30, 2007, and net loss of US$2.1
million, breakeven diluted earnings per share for the fourth
quarter 2006.  Net income for fiscal year 2007 was US$22.8
million, US$0.04 diluted earnings per share, compared to
US$102.4 million, US$0.19 diluted earnings per share in the
prior year.

Gross profit was US$134.1 million or 5.4 percent of revenue, a
60 basis point improvement from the prior quarter of US$120.3
million, or 4.8 percent of revenue, and up from US$131.0
million, or 4.8 percent of revenue in the same period a year
ago.  Operating income for the quarter was US$42.8 million, up
from US$29.1 million in the prior quarter and up from US$32.1
million for the same period last year.  Fiscal 2007 operating
income was US$182.6 million, compared to US$243.7 million in
fiscal 2006 (see Non-GAAP Financial Information).

   GAAP Financial Results for the Quarter and Fiscal Year

Fourth quarter GAAP earnings were primarily impacted by a non-
cash impairment charge for goodwill of US$1.1 billion.  As a
result of this charge, the company reported a net loss of US$1.1
billion in the fourth quarter of fiscal 2007, compared to a net
loss of US$27.6 million in the prior quarter and a net loss of
US$28.1 million for the same period last year.  Diluted loss per
share for the quarter was US$2.10.  Net loss for fiscal year
2007 was US$1.1 billion and diluted loss per share was US$2.15.
This charge resulted from the company's annual goodwill
impairment analysis in accordance with Statement of Financial
Accounting Standards No. 142 (SFAS No. 142).

             Cash Flow and Balance Sheet Metrics

The company continued to manage its cash flow and balance sheet
metrics, making improvements throughout fiscal 2007.

*  Cash flow from operations was US$145 million in fourth
   quarter 2007, and US$511 million for fiscal 2007

*  Cash and cash equivalents were US$933.4 million, up
   US$441.6 million from Q4'06

*  Cash cycle days of 29 days represented a 7 day improvement
   from Q3'07

*  Inventory decreased US$72.7 million, inventory turns
   improved to 8.9 in Q4'07

"I am pleased with our gross margin improvement, cash flow
generation and inventory turns during the fourth quarter.  We
are confident that we will continue to improve our financial
metrics.  We are committed to driving our ROIC above our
weighted cost of capital as we exit fiscal year 2008,"
stated Jure Sola, Chairman and Chief Executive Officer.

"The basis for Sanmina-SCI's operational excellence strategy in
2008 and beyond is to focus on high-end markets that offer the
greatest opportunity for success, invest in leading edge
technology, and provide unparalleled end-to- end manufacturing
solutions to our customers," concluded Mr. Sola.

         Personal and Business Computing Division

Consistent with previous announcements made by the company
concerning its personal and business computing business unit,
the company reaffirmed its intentions of separating this
business unit from its core operations either by means of a sale
or other disposition of the business.  This business unit
includes the company's personal computing and industry standard
server businesses, their related BTO/CTO operations in Mexico
and Hungary and their associated logistics activities. The
company expect the disposition of this business to occur over
the next twelve months.  Accordingly, effective with the first
fiscal quarter 2008, the company expects to account for this
business unit as a discontinued operation in accordance with
SFAS No. 144, Accounting for the Impairment or Disposal of Long-
Lived Assets.

             First Quarter Fiscal 2008 Outlook

The following statements are based on current expectations.
These statements are forward-looking and actual results may
differ materially.  Please refer to the Risk Factors reported in
the company's annual and quarterly reports on file with the
Securities and Exchange Commission for a description of some of
the factors that could influence the company's ability to
achieve the projected results.

The company provides these guidance with respect to the first
fiscal quarter ending Dec. 29, 2007:

*  Revenue is expected to be in the range of US$2.5 billion to
   US$2.65 billion

*  Non-GAAP diluted earnings per share to be between US$0.02
   to US$0.04 Non-GAAP Financial Information

In the commentary set forth above, we present the following non-
GAAP financial measures: gross profit, gross margin, operating
income, operating margin, net income and earnings per share.  In
computing each of these non-GAAP financial measures, we exclude
charges or gains relating to:  stock-based compensation
expenses, restructuring costs (including employee severance and
benefits costs and charges related to excess facilities and
assets), integration costs (consisting of costs associated with
the integration of acquired businesses into our operations),
impairment charges for goodwill and intangible assets,
amortization expense and other infrequent or unusual items, to
the extent material or which we consider to be of a non-
operational nature in the applicable period.

                     About Sanmina-SCI

Headquartered in San Jose, California, Sanmina-SCI Corporation
(NasdaqGS: SANM) -- http://www.sanmina-sci.com/-- is a  
Electronics Manufacturing Services (EMS) provider focused on
delivering complete end-to-end manufacturing solutions to
technology companies around the world.  Service offerings
include product design and engineering, test solutions,
manufacturing, logistics and post-manufacturing repair/warranty
services.

The company has locations in Brazil, China, Ireland, Finland,
Malaysia, Mexico and Singapore, among others.

                       *     *     *

As reported in the Troubled Company Reporter-Latin America on
Sept. 27, 2007, Standard & Poor's Ratings Services has revised
its outlook on Sanmina-SCI Corp. to negative from stable, as a
result of continued operating weakness and increasing leverage.
The corporate credit and senior unsecured ratings are affirmed
at 'B+', and the subordinated debt rating is affirmed at 'B-'.


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


GOODYEAR TIRE: Earns US$668 Million for Third Quarter 2007
----------------------------------------------------------
The Goodyear Tire & Rubber Company has reported record third
quarter sales of US$5.1 billion, up 3 percent from last year,
offsetting lower volumes with higher prices and a richer product
mix.

Improved pricing and product mix in all five business units
drove revenue per tire up 7 percent over the 2006 quarter.
Lower volumes reflect the strategic decision to exit certain
segments of the private label tire business in North America,
along with weak markets.

"Our outstanding third quarter is evidence of the success we are
seeing in marketing our premium product lines while remaining
focused on improving our cost structure," said Robert J. Keegan,
chairman and chief executive officer.  "Despite market
challenges, our results are among the best ever achieved by
Goodyear.

"Our product, brand, customer and geographic mix drove margin
expansion," he said.  The company achieved a gross margin of 20
percent in the quarter, up from 17.4 percent a year ago.

"North American Tire delivered dramatic earnings improvement
despite lower volumes.  This reflects its new product success,
strong marketing initiatives and cost savings efforts."

Each of the five business units achieved double digit or better
percentage growth in segment operating income for the quarter.
The company's three emerging markets businesses increased sales
15 percent and segment operating income 24 percent over last
year.

Mr. Keegan said the company made further progress during the
third quarter on its plan to achieve US$1.8 billion to US$2
billion in gross cost savings by the end of 2009.  "We have now
achieved nearly US$900 million in savings and remain on track to
reach our four-year goal."

Third quarter 2007 income from continuing operations was US$159
million (67 cents per share).  This compares to a third quarter
2006 loss from continuing operations of US$76 million (43 cents
per share).

Segment operating income benefited from improved pricing and
product mix of US$179 million in the third quarter of 2007,
which more than offset increased raw material costs of US$23
million.

Favorable foreign currency translation positively impacted sales
by US$232 million and segment operating income by US$33 million
in the quarter.

The 2007 third quarter was also impacted by after-tax
rationalization and accelerated depreciation costs of US$6
million (2 cents per share), tax expense related primarily to a
tax law change of US$12 million (5 cents per share) and a gain
on asset sales of US$10 million (4 cents per share).

The third quarter of 2006 included US$132 million (75 cents per
share) in after-tax rationalization and accelerated depreciation
costs.

Goodyear had third quarter 2007 net income of US$668 million
(US$2.75 per share), which includes discontinued operations of
US$509 million (US$2.08 per share).  Included in discontinued
operations was an after-tax gain of US$517 million (US$2.12 per
share) on the sale of the company's Engineered Products
business.  In the third quarter of 2006, the company had a net
loss of US$48 million (27 cents per share). All per share
amounts are diluted.

                     Business Segments

Total segment operating income from continuing operations was
US$382 million in the third quarter of 2007, an all-time high
and up 35 percent from the 2006 period.

Asia Pacific Tire, Latin American Tire, European Union Tire, and
Eastern Europe, Middle East and Africa Tire achieved record
sales.

All five business units had higher segment operating income
compared to last year, with Asia Pacific Tire and Eastern
Europe, Middle East and Africa Tire setting records for any
quarter.  Segment operating income for European Union Tire and
Latin American Tire set third quarter records.

North American Tire third quarter sales were down 6 percent
compared to the 2006 period, primarily due to lower volume
resulting from the company's exit from certain segments of the
private label tire business as well as weak original equipment
and replacement markets.  This was partially offset by market
share gains in Goodyear brand tires and improved pricing and
product mix.

Third quarter segment operating income is the highest since the
third quarter of 2001.  It was up 247 percent compared to the
2006 quarter due to improved pricing and product mix of US$60
million, which more than offset increased raw material costs of
US$8 million.

European Union Tire third quarter sales increased 9 percent over
last year as a result of improved pricing and product mix and a
favorable impact from currency translation of US$108 million,
which more than offset lower volume.

Segment operating income for the third quarter increased 11
percent compared to 2006 as pricing and product mix improvements
of US$55 million more than offset US$13 million in higher raw
material costs.  Also impacting results were favorable foreign
currency translation of US$7 million, increased conversion costs
and lower unit volume.

Eastern Europe, Middle East and Africa Tire third quarter sales
were up 13 percent compared to 2006.  This resulted from
improved pricing and product mix and a favorable impact from
currency translation of US$37 million that more than offset
lower unit volume.

Segment operating income improved 12 percent for the third
quarter due to improved pricing and product mix of US$31 million
that more than offset less than US$2 million in higher raw
material costs.  Also impacting results were favorable foreign
currency translation of US$5 million as well as higher
conversion costs, partially the result of a strike in South
Africa, and lower volume.

Latin American Tire sales increased 20 percent from the third
quarter of 2006 due to higher unit volume, improved pricing and
product mix and a favorable impact from currency translation of
US$40 million.

Third quarter 2007 segment operating income increased 29 percent
from last year due to higher unit volume and improved pricing
and product mix of US$20 million, which more than offset higher
raw material costs of US$5 million.  Results also benefited from
favorable currency translation of US$18 million. Higher
conversion costs were a partial offset.

Asia Pacific Tire third quarter sales were 12 percent higher
than the 2006 period primarily due to improved pricing and
product mix and a favorable impact from currency translation of
US$40 million, which offset lower volume.

Segment operating income increased 46 percent in the 2007 third
quarter, primarily due to improved pricing and product mix of
US$13 million, reduced raw material costs of US$4 million and
US$3 million of favorable foreign currency translation.  Higher
SAG costs were a partial offset.

                       About Goodyear

Headquartered in Akron, Ohio, The Goodyear Tire & Rubber Company
(NYSE: GT) -- http://www.goodyear.com/-- is the world's largest   
tire company.  The company manufactures tires, engineered rubber
products and chemicals in more than 90 facilities in 28
countries.  Goodyear's operations are located in Argentina,
Austria, Chile, Colombia, France, Italy, Guatemala, Jamaica,
Peru, Russia, among others.  Goodyear employs more than 80,000
people worldwide.

                          *     *     *

In a TCR-Europe report on June 5, 2007,  Standard & Poor's
Ratings Services raised its ratings on Goodyear Tire & Rubber
Co., including its corporate credit rating to 'BB-' from 'B+'.  
In addition, the ratings were removed from CreditWatch where
they were placed with positive implications on May 10, 2007.  
Recovery ratings were not on CreditWatch.

As reported in the TCR-Europe on May 31, 2007,  Fitch Ratings
has upgraded the Issuer Default Rating for The Goodyear Tire
& Rubber Company to 'B+' from 'B'.  

Meanwhile,  Moody's Investors Service upgraded in May 2007
Goodyear Tire & Rubber Company's Corporate Family Rating to Ba3
from B1 and maintained a positive rating outlook.  Moody's also
affirmed Goodyear's liquidity rating of SGL-2.  


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


SEIMAR ALLIANCE: Moody's Changes Outlook to Neg. on Ba3 Ratings
---------------------------------------------------------------
Moody's Investors Service changed from stable to negative the
outlook on the Ba3 long-term foreign and local currency issuer
ratings of Seimar Alliance Financial Corporation (Kazakhstan).

Moody's change of outlook is prompted by Nov. 1 announcement
that the outlook on Alliance Bank's Ba2 long-term deposit rating
has been changed from stable to negative.  Alliance Bank is the
principal operating subsidiary of SAFC in terms of balance sheet
size and profitability, accounting for 99% of SAFC's assets and
94% of revenues at the end of first half 2007.

Based in Almaty, Kazakhstan, SAFC is a holding company which
includes a banking segment, non-banking lending, insurance and
pension fund, financial brokerage and business support segments.
It reported total assets of US$7.3 billion and equity US$469
million at the end of 2006.


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


NEW STAR: Creditors Must File Claims by December 5
--------------------------------------------------
LLC New Star Info (INN 03001200110037) has declared  insolvency.
Creditors have until Dec. 5 to submit written proofs of claim
to:

         LLC New Star Info
         Stepnaya Str. 127
         Osh
         Kyrgyzstan


===================
L U X E M B O U R G
===================


EVRAZ GROUP: Eyes US$2.2 Bln Loan to Repay Part of Current Debt
---------------------------------------------------------------
Evraz Group S.A. is seeking a US$2.2 billion syndicated loan to
refinance a US$1.8 billion bridge facility due 2008, Reuters
reports, citing a banking source.

The company has tapped ABN AMRO to form a group of mandated lead
arrangers for the loan.

                         About Evraz

Headquartered in Luxembourg, Evraz Group S.A. (LSE:EVR) --
http://www.evraz.com/-- manufactures and distributes steel and
related products.  In addition, the Company owns and operates
certain mining assets.  Its steel production and mining
facilities are mainly located in the Russian Federation.  It
operates three steel mills in Russia, one mill in the Sverdlovsk
region and two mills in the Kemerovo region.

                         *     *     *

As reported in the TCR-Europe on July 23, 2007, Fitch Ratings
affirmed Evraz Group S.A.'s Long-term Issuer Default and senior
unsecured ratings at 'BB' and its Short-term IDR at 'B'.

At the same time, Fitch affirmed the ratings of Mastercroft
Ltd., a 100%-owned subsidiary of Evraz that controls the group's
Russia-based assets, at Long-term IDR 'BB' and Short- term IDR
'B'.  Evraz Securities S.A.'s senior unsecured rating is
affirmed at 'BB'.  The Outlooks on the Long-term IDRs are
Stable.

Evraz Group also carries a Ba3 Corporate Family Rating for Evraz
Group S.A. and a Ba3 Probability-of-Default Rating from Moody's
Investor Service.

Moody's also assigned these ratings:

* Issuer: Evraz Group S.A.

                                                    Projected
                         Old Debt New Debt LGD      Loss-Given
  Debt Issue             Rating   Rating   Rating   Default
  ----------             -------  -------  ------   -------

  8.25% Senior Unsecured
  Regular Bond/
  Debenture Due 2015      B2        B2      LGD5     88%

* Issuer: Evraz Securities S.A.

                         Old Debt New Debt LGD      Loss Given
  Debt Issue             Rating   Rating   Rating   Default
  ----------             -------  -------  ------   -------

  10.875% Senior Unsecured
  Regular Bond/
  Debenture Due 2009      B1       Ba3      LGD3     47%

Standard & Poor's rated Evraz Group's 8-1/4% notes due November
2015 at B+.


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


GLOBAL POWER: Plan Confirmation Hearing Scheduled on Dec. 20
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware set a
hearing on Dec. 20, 2007, to consider confirmation of the
Amended Chapter 11 Plan of Reorganization filed Global Power
Equipment Group Inc.

Headquartered in Oklahoma, Global Power Equipment Group Inc.
(Pink Sheets: GEGQQ) -- http://www.globalpower.com/-- is a
design, engineering and manufacturing firm providing an array of
equipment and services to the energy, power infrastructure and
process industries.  The company designs, engineers and
manufactures a comprehensive portfolio of equipment for gas
turbine power plants and power-related equipment for industrial
operations, and has over 40 years of power generation industry
experience.  The company's equipment is installed in power
plants and in industrial operations in more than 40 countries on
six continents.  In addition, the company provides routine and
specialty maintenance services to nuclear, coal-fired, fossil,
and hydroelectric power plants and other industrial operations.

The company has facilities in Plymouth, Minnesota; Tulsa,
Oklahoma; Auburn, Massachusetts; Atlanta, Georgia; Monterrey,
Mexico; Shanghai, China; Nanjing, China; and Heerleen, The
Netherlands.

The company filed for chapter 11 protection on Sept. 28, 2006
(Bankr. D. Del. Case No. 06-11045).  Thomas E. Lauria, Esq.,
Matthew C. Brown, Esq., Gerard Uzzi, Esq., John Cunningham,
Esq., and Frank Eaton, Esq., at White & Case LLP; and Jeffrey M.
Schlerf, Esq., Eric M. Sutty, Esq., and Mary E. Augustine, Esq.,
at The Bayard Firm, represent the Debtors.  Kurtzman Carson
Consultants LLC acts as the Debtors' noticing and claims agent.
At Oct. 31, 2006, Global Power's balance sheet showed total
assets of US$177,758,000 and total debts of US$99,017,000

Jeffrey S. Sabin, Esq., and David M. Hillman, Esq., at Schulte
Roth & Zabel LLP; and Adam G. Landis, Esq., and Kerri K.
Mumford, Esq., at Landis Rath & Cobb LLP, represent the Official
Committee of Unsecured Creditors.  The Official Committee of
Equity Security Holders is represented by Howard L. Siegel,
Esq., and Steven D. Pohl, Esq., at Brown Rudnick Berlack Israels
LLP.


SENSATA TECH: Third Quarter Net Revenue Up 24.4% to US$357.4MM
--------------------------------------------------------------
Sensata Technologies B.V. announces Third quarter 2007 net
revenue was US$357.4 million, which represents an increase of
US$70.2 million or 24.4 percent over the third quarter of 2006.
Adjusted EBITDA was US$90.2 million, an increase of US$15.6
million or 20.9 percent over the third quarter of 2006 Adjusted
EBITDA.

For the nine months ended Sept. 30, 2007, net revenue was
US$1,031.0 million, an increase of 17.2 percent from US$879.5
million for the same period in 2006.  Adjusted EBITDA increased
to US$264.2 million or 13.0 percent from US$233.9 million in the
same period 2006.

The quarter ending cash balance of US$54.0 million was down from
this year's second quarter balance of US$105.9 million,
primarily due to the US$89.7 million in cash that was used in
connection with the acquisition of Airpax Holdings, Inc.

Tom Wroe, Chairman and Chief Executive Officer said, "We
experienced double-digit percentage growth in net revenue and
Adjusted EBITDA for both the third quarter and the nine months
ended Sept. 30, 2007.  This was accomplished mainly through the
expansion of our core sensor base net revenue and the execution
of our acquisition strategy.  The outlook for our overall
business remains positive through year end though we will
continue to monitor various trends in the global macroeconomic
environment."

                    Recent Developments

On July 27, 2007, Sensata Technologies, Inc., the Company's
principal U.S. operating subsidiary, completed the acquisition
of Airpax Holdings, Inc., a leading manufacturer of components
and systems for power protection, sensing and controls
applications.  The purchase price was US$277.5 million plus fees
and expenses and the transaction was closed using a combination
of cash and new borrowings.  Approximately US$195 million in a
new senior subordinated term loan was issued and the balance was
funded with cash on hand.

Mr. Wroe added, "We have successfully begun the integration of
Airpax Holdings, Inc. into Sensata. We now have a leading market
position in our Controls business segment for the higher-growth
network power and critical, high-reliability mobile power
applications; markets where we did not
previously compete."

               About Sensata Technologies B.V.

Headquartered in Attleboro, Massachusetts, Sensata Technologies
-- http://www.sensata.com/-- is a supplier of sensors and
controls across a range of markets and applications.  The
company has manufacturing locations in Brazil, Mexico, China,
Japan, and the Netherlands.  Sensata Technologies employs
approximately 5,400 people worldwide.

                       *     *     *

As reported in the Troubled Company Reporter-Latin America on
Aug. 1, 2007, Moody's Investors Service affirmed Sensata
Technologies B.V.'s B2 corporate family rating in response to
the company's issuance of EUR141 million (US$195 million) senior
subordinate term loan and use of cash on hand to acquire Airpax
Holdings, Inc. for US$276 million, including fees and expenses.


X5 RETAIL: Acquiring Korzinka Retail Chain for US$115 Million
-------------------------------------------------------------
X5 Retail Group N.V., has signed an agreement to acquire 100% of
the business and assets of the Korzinka retail chain, for around
US$115 million, including debt.

Korzinka is the largest and fast growing retail chain in the
Lipetsk region.  The companyís expected sales is US$190 million
excluding VAT for 2007.   X5 Group will acquire 22 stores in
total, of which 15 will be integrated into the Group's
discounter format, six into the supermarket format and one store
will be added to the hypermarket network.

Central region which includes city of Lipetsk is one of the most
attractive in Russia, accounting for 19% of the countryís
population and 14% of its total food retail market (excluding
the Moscow region).  The region accommodates Russiaís leading
manufacturers, such as Novolipetsk Steel (NLMK), Lebedyansky,
Cherkizovo group and many others, shaping up the fast-growing
local economy and ensuring high purchasing power of the regionís
population.  X5 has entered into the region in 2005 and at the
time of acquisition already operated one hypermarket and four
supermarkets, and also had an active new site development
program.

The total area of the Korzinka outlets is 38,007 sq.m., of which
12,352 sq. m. are owned, while average length of lease
agreements for the remaining space is 10 years (including the
hypermarket).  The net selling space represented by the outlets
is 19,966 sq. m.

Denis Gritsaenko, the ex-Head of X5 operations in discounter
format in the Moscow region, has been appointed to manage the
Companyís Central region filial, and will be responsible for
Korzinkaís integration into the Groupís operations.

"This is a transaction of strategic importance for X5 Retail
Group," Lev Khasis, X5 Retail Group CEO, commented.  "We are
clearly established as the main consolidator of the food
retailing sector in Russia.  The purchase of Korzinka allows X5
to establish market leadership in one of the most important
regions.  It underpins X5ís focus on regional expansion and
supports the Groupís intention to secure clear leadership in
every market and region it operates.  No need to say that
Korzinka fits organically into the multi-format growth strategy
of our Group and allows us to roll out Pyaterochka discounters
into this region in anticipation of our plans."

"With Korzinka X5 not only secured a strong platform for its
rapid expansion into one of the most attractive Russian regions
-- we acquired an established, fast growing and efficient
business," Andrei Gusev, Mergers, Acquisitions and Business
Development Director at X5 Retail Group added.  "We were
impressed with its loyal and motivated employees and management
team. Going forward, we expect significant synergetic effects in
all areas of combined regional operations, including purchasing,
store operations, and development."

The transaction is subject to the normal regulatory approvals,
including approval by the Federal Antimonopoly Service (FAS),
and is expected to be closed by the end of 2007.

                         About X5 Retail

Headquartered in the Netherlands, X5 Retail Group N.V. --
http://www.x5.ru/en/-- operates a large store network largely
covering the Moscow region and St. Petersburg but also has a
good presence in other Russian regions through its franchise
operations.  The company has recently acquired two of its
successful regional franchise operations -- in Yekaterinburg and
Chelyabinsk.

                         *     *     *

As reported in the TCR-Europe on July 19, 2007, Moody's
Investors Service changed the outlook on the B1 Corporate Family
Rating of X5 Retail Group N.V. to positive from stable.

At the same time, Standard & Poor's Ratings Services revised its
outlook on X5 Retail Group N.V. its subsidiaries to stable from
negative, reflecting expectations that X5's financial
performance will continue to improve.  At the same time, the
'BB-' long-term corporate credit rating was affirmed.


YUKOS FINANCE: Dutch Court Nullifies Bankruptcy Sale
----------------------------------------------------
A court in Amsterdam, Netherlands, has ruled that the sale of
Yukos Finance N.V., a unit of OAO Yukos Oil Co., was illegal
under Dutch law, various reports say.

As previously reported in the TCR-Europe, Eduard Rebgun, Yukos'
bankruptcy receiver, sold Yukos Finance via a competitive
auction to OOO Promneftstroy for RUR7.838 billion.

Yukos Finance's main assets include:

  -- a 49% stake in Transpetrol, worth between US$100 million
     and US$200 million; and

  -- proceeds from a 54% stake in Lithuanian refinery Mazeikiu
     Nafta AB, worth almost US$1.5 billion.

The Amsterdam court noted that since Dutch courts do not
recognize Russian bankruptcy decisions, Mr. Rebgun --  who was
appointed by a Russian court -- has no power to decide over the
matters of Yukos Finance, Agence-France Presse relates.  

The court hence ruled to recognize Bruce Misamore and David
Godfrey as Yukos Finance's lawful executives, who Mr. Rebgun
dismissed early 2007, RIA Novosti relates.  

The Dutch court obliged Mr. Rebgun to immediately comply in
annulling all his decisions on Yukos Finance and their
consequences.  The court warned that it would fine Mr. Rebgun
EUR10,000 for every violation and EUR1,000 for each day of non-
compliance if he fails to adhere with the ruling.

Meanwhile, Mr. Rebgun "will take all measures to appeal against
[the] ruling," since it does not correspond to international
law, RIA Novosti reports citing Nikolai Lashkevich, spokesman
for Yukos' bankruptcy receiver.

                         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.


===========
P O L A N D
===========


AFFILIATED COMPUTER: Cerberus Withdraws Acquisition Offer
---------------------------------------------------------
Affiliated Computer Services, Inc., disclosed in a regulatory
filing with the U.S. Securities and Exchange Commission that on
Oct. 30, 2007, the Special Committee of its Board of Directors
receive a letter from Cerberus Capital Management, L.P., stating
that Cerberus was withdrawing its offer to acquire the company.

In the letter, Cerberus said that although it believes that the
company is an attractive investment opportunity, it had to
withdraw its offer due to the continuation of poor conditions in
the debt financing markets.

Cerberus further said that had the companyís Special Committee
engaged with Cerberus and Mr. Darwin Deason, Chairman of the
Board of ACS, on the schedule proposed in the original offer
letter, the acquisition would been approved and closed months
ago.  Cerberus however stated that it market conditions change,
it may consider proposing another transaction with ACS.

                      Cerberus Offer

As reported in the Troubled Company Reporter on March 23, 2007,
the company confirmed that it received a proposal from Mr.
Deason and Cerberus to acquire, for a cash purchase price of
US$59.25 per share, all of the outstanding shares of the
company's common stock, other than certain shares and options
held by Mr. Deason and members of the company's management team
that would be rolled into equity securities of the acquiring
entity in connection with the proposed transaction.

Mr. Deason and Cerberus stated that their proposed price
represented a premium of 15.5% over the closing price of the
company's class A common stock on March 19, 2007, and an 18.3%
premium over the 90-day average closing price.

The proponents had anticipated to execute a merger agreement in
early May 2007.

In connection with their proposal, Mr. Deason and Cerberus
entered into an Exclusivity Agreement, dated March 20, 2007,
pursuant to which Mr. Deason agreed to work exclusively with
Cerberus to negotiate an acquisition of the company.

                    Citigroup Commitment Letter

In order to further support their offer, Mr. Deason and Cerberus
disclosed that they received a letter from Citigroup Global
Markets Inc. stating that it is highly confident of its ability
to raise the debt necessary to complete the transaction.

                 Suspension of Exclusivity Agreement

However, as reported in the Troubled Company Reporter on June
12, 2007, the company reached an agreement with Mr. Deason to
suspend the Exclusivity Agreement between Mr. Deason and
Cerberus.

                             Lawsuit

As reported in the Class Action Reporter on April 12, 2007, the
company disclosed in a regulatory filing that it was facing two
class actions filed in the Court of Chancery of the State of
Delaware, New Castle County against the company and certain
directors.

The lawsuits were filed by purported shareholders opposed to a
proposal to acquire the company presented by Mr. Deason and
Cerberus. In each of the lawsuits, the plaintiff claims to be a
shareholder of the company purporting to bring the action on
behalf of all public shareholders of the company and alleges
that the proposal is "inadequate and to have resulted from an
unfair process."

               About Cerberus Capital Management

Headquartered in New York City, and established in 1992,
Cerberus Capital Management LP is one of the world's leading
private investment firms with approximately US$25 billion of
capital under management in funds and accounts.  Through its
team of investment and operations professionals, Cerberus
specializes in providing both financial resources and
operational expertise to help transform its portfolio companies
into industry leaders for long-term success and value creation.  
Cerberus has offices in Los Angeles, Chicago and Atlanta, well
as advisory offices in London, Baan, Frankfurt, Tokyo, Osaka and
Taipei.

                    About Affiliated Computer

Headquartered in Dallas, Affiliated Computer Services Inc.
(NYSE: ACS) -- http://www.AffiliatedComputer-inc.com/--  
provides   business process outsourcing and information
technology solutions to world-class commercial and government
clients.  The company has more than 58,000 employees supporting
client operations in nearly 100 countries.  The company has
global operations in Brazil, China, Dominican Republic, India,
Guatemala, Ireland, Philippines, Poland, and Singapore.

                          *     *     *

Affiliated Computer Services currently carries Fitch Ratings' BB
Issuer Default Rating.  The company also carries Moody's
Investors Service's long term rating of Ba2.


AFFILIATED COMPUTER: Five Directors Resign on Chairman's Call
-------------------------------------------------------------
Affiliated Computer Services Inc. chairman Darwin Deason has
sent a letter asking five independent directors to resign saying
that the Board of Directors has come under increasing
shareholder criticism for its failure to consummate a
transaction based on Cerberus Capital Management LP's offer.

Specifically, Mr. Deason seeks resignation of Robert B. Holland,
J. Livingston Kosberg, Dennis McCuistion, Joseph P. O'Neill, and
Frank A. Rossi.

"[T]hey clearly demonstrate that the Board has lost the trust
and support of the Company's shareholders.  It is in the
shareholders' best interests to provide the Company with new
strategic leadership," Mr. Deason argues.

Mr. Deason went on to say that the Board, despite its efforts,
has failed to produce any other bidders or superior strategic
alternatives.

Such failure to produce another bidder or superior strategic
alternative has called into question the significant time and
resources dedicated to the Board's repeat auction and extensive
meetings to consider strategic alternatives, Mr. Deason avers.

                      ACS Directors Respond

The independent directors accepted Mr. Deason's call, saying
that "the best way for us to discharge our fiduciary duties is
to resign in favor of a new majority of independent directors."

However, the five directors contended that from the outset, Mr.
Deason has attempted to subvert the acquisition process in order
to prevent superior alternatives to the Cerberus offer from
being consummated.

The directors also noted that they have engaged Mr. Deason and
Cerberus in an effort to modify the proposal in a way that would
make sense for all of the company's shareholders, including
increasing the offer price, which Mr. Deason refused.

Calling his move as "remarkable piece of bullying and thuggery,"
the directors argued that Mr. Deason have made it impossible for
them to continue to effectively serve as directors of ACS.

"We could fire you and the entire management team, but that
would not help our shareholders, customers or employees," the
directors avered.

                    About Affiliated Computer

Headquartered in Dallas, Affiliated Computer Services Inc.
(NYSE: ACS) -- http://www.AffiliatedComputer-inc.com/--  
provides business process outsourcing and information technology
solutions to world-class commercial and government clients.  The
company has more than 58,000 employees supporting client
operations in nearly 100 countries.  The company has global
operations in Brazil, China, Dominican Republic, India,
Guatemala, Ireland, Philippines, Poland, and Singapore.

                          *     *     *

Affiliated Computer Services currently carries Fitch Ratings' BB
Issuer Default Rating.  The company also carries Moody's
Investors Service's long term rating of Ba2.


AFFILIATED COMPUTER: Names Ron Gillette as Sr. Managing Director
----------------------------------------------------------------
Affiliated Computer Services, Inc. has appointed Ron Gillette
senior managing director, finance and accounting, to lead and
transform its global F&A outsourcing business.  His focus will
be on standardizing the company's F&A processes and management
to enable rapid growth in the expanding F&A outsourcing market.
He reports to Ann Vezina, president of the company's Commercial
Solutions Group.

"F&A outsourcing continues to grow, particularly in Europe, and
taking advantage of these emerging opportunities will be an
important part of our growth strategy," Ms. Vezina said.  "Ron
has an exceptional blend of operations, sales, and general
management expertise and more than 18 years of global IT and
business process outsourcing experience.  I look forward to
working with him to provide the innovative services and
solutions our clients need as we pursue long-term strategic
growth and success."

Prior to joining ACS, Mr. Gillette was a senior partner with
Accenture, responsible for growing their global business process
outsourcing, including F&A and procurement outsourcing.  Before
that, he was a managing partner at Deloitte Consulting, where he
built and led that company's global IT outsourcing, creating a
network of 21 delivery centers that provide applications and
outsourcing services.  He was also a partner at Ernst & Young,
spearheading their outsourcing efforts with a focus on
technology, business process, and applications, and served as
managing director for EDS in Russia and Eastern Europe.

Mr. Gillette said, "ACS has a number of innovations and
advantages that separate us from our competition in the F&A
space, including a global delivery model, proprietary software
and technology, and an exceptional team of experienced
professionals dedicated to client service.  We have the controls
and processes in place to manage our clients' F&A work as well
or better and at a lower cost, and I am excited about leveraging
our innovations and expertise to grow our F&A business in
markets and industries across the world."

Mr. Gillette has a Bachelor of Science degree from the United
States Military Academy in West Point, New York, and is also a
graduate of the U.S. Army Command & Staff College at Fort
Leavenworth, Kansas.  He holds an MBA degree from Marymount
University in Arlington, Virginia.

                  About Affiliated Computer

Headquartered in Dallas, Affiliated Computer Services Inc.
(NYSE: ACS) -- http://www.AffiliatedComputer-inc.com/ --
provides business process outsourcing and information technology
solutions to world-class commercial and government clients.  The
company has more than 58,000 employees supporting client
operations in nearly 100 countries.  The company has global
operations in Brazil, China, Dominican Republic, India,
Guatemala, Ireland, Philippines, Poland, and Singapore.

                       *     *     *

Affiliated Computer Services currently carries Fitch Ratings' BB
Issuer Default Rating.


===============
P O R T U G A L
===============


BEARINGPOINT INC: Sarah Beardsley to Lead Comm & Media Practices
----------------------------------------------------------------
BearingPoint Inc. has appointed Sarah Beardsley to senior vice
president and leader of its Communications and Media practices.

Ms. Beardsley brings more than 20 years of leadership and
management experience from highly competitive telecom and
technology companies.  Her background includes sales, marketing,
business development, customer service, product management and
service delivery for mid-sized and large Fortune 500 companies.

Most recently, Ms. Beardsley was a senior vice president of
VeriSign, where she was responsible for all client-facing
activities for Verisign's communications carrier customers,
including sales, support, customer care, business development
and marketing, as well as the targeting and integration of
strategic acquisitions.  Prior to joining VeriSign, Ms.
Beardsley was president of Savvis Communications' startup
enterprise business.

Ms. Beardsley's career also includes a variety of general
management and marketing positions at AT&T and MCI.  During her
16 years at MCI, Ms. Beardsley led the company's carrier segment
and oversaw its entrance into competitive local services.

"BearingPoint is proud to appoint Sarah as the leader of its
Communications and Media practices," said Tom McKelvey,
BearingPoint executive vice president.  "The communications and
media industries are not only in a period of rapid change and
growth, but constantly dealing with new technologies changing
the marketplace.  Sarah's extensive leadership and experience
will enable us to continue providing our customers with the
solutions they need to stay ahead of the game."

Ms. Beardsley graduated summa cum laude with a Bachelor of
Science degree from the University of Illinois.  In addition,
she serves on the Executive Committee of the Board of Directors
for non-profit SOS Children's Villages Illinois and as a trustee
for Steppenwolf Theatre.

                    About BearingPoint

Headquartered in McLean, Virginia, BearingPoint Inc., (NYSE:
BE) -- http://www.BearingPoint.com/-- provides of management
and technology consulting services to Global 2000 companies and
government organizations in 60 countries worldwide.  The firm
has approximately 17,500 employees, and major practice areas
focusing on the Public Services, Financial Services and
Commercial Services markets.

BearingPoint has global locations including in Indonesia,
Australia, Austria, China, India, Japan, Mexico, Portugal,
Singapore and Thailand.

The company reported total assets of US$1.9 billion, total
liabilities of US$2.1 billion, and total stockholders deficit of
US$177.3 million as of Dec. 31, 2006.


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


AGRIINVEST CJSC: Creditors Must File Claims by Dec. 20
------------------------------------------------------
Creditors of CJSC AgriInvest have until Dec. 20 to submit proofs
of claim to:

         A. V. Bannyh
         Office 403
         Mamina-Sibiryaka Str. 36
         620027 Ekaterinburg
         Russia

The Arbitration Court of Chelyabinsk commenced competitive
proceedings against the company on Oct. 4, 2007, after finding
it insolvent.  The case is docketed under Case No. ?76-732/
2007-60-28.

The Court is located at:

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

The Debtor can be reached at:

         CJSC AgriInvest
         Trusilovo
         Shumihinskij Raion
         641115 Kurgansk
         Russia


BASKOVSKIJ OJSC: Creditors Must File Claims by Dec. 20
------------------------------------------------------
Creditors of OJSC Integrated Logging Enterprise Baskovskij have
until Dec. 20 to submit proofs of claim to:

         L. N. Vlasova
         Kombainerov Str. 34
         614036 Perm
         Russia

The Arbitration Court of Perm' krai commenced competitive
proceedings on the company on Oct. 3, 2007.  The case is
docketed under Case No. ?50-4920/2007-?5.

The Debtor can be reached at:

         OJSC Integrated Logging Enterprise Baskovskij
         Zavodskaya Str. 13
         Talitsa
         623640 Sverdlovsk
         Russia


BOKSITOGORSKOYE OJSC: Asset Sale Slated for Nov. 26
---------------------------------------------------
The competitive proceedings manager of OJSC Boksitogorskoye,
will open a public auction for the company's properties at 10:00
a.m. on Nov. 26 at:

         OJSC Boksitogorskoye
         Bor 34
         Boksitogorsk Raion
         Leningrad
         Russia

The starting price for the auctioned assets is RUR98,000.  
Deposit required is 10% of the starting price.

Interested participants have until 4:00 p.m. on Nov. 21 to
submit their bidding documents.

Information related to the auction can be obtained from:

         OJSC Boksitogorskoye
         Bor 34
         Boksitogorsk Raion
         Leningrad
         Russia
         Tel: 8 921- 964-54-83


CREAMERY PONOMAREVSKIJ: Creditors Must File Claims by Dec. 20
-------------------------------------------------------------
Creditors of OJSC Integrated Logging Enterprise Baskovskij have
until Dec. 20 to submit proofs of claim to:

         R. M. Galimov
         Chishminskaya Str. 6
         Davlekanovo
         453400 Bashkortostan
         Russia

The Arbitration court of Orenburg commenced a one-year
competitive proceeding against the company on Sept. 21, 2007,
after finding it insolvent.  The case is docketed under Case No.
?47-1884/2007-14??.

The Court is located at:

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

The Debtor can be reached at:

         OJSC Creamery Ponomarevskij
         Ponomarevskij Raion
         Nauruzovo Settlement
         Russia


EVRAZ GROUP: Eyes US$2.2 Bln Loan to Repay Part of Current Debt
---------------------------------------------------------------
Evraz Group S.A. is seeking a US$2.2 billion syndicated loan to
refinance a US$1.8 billion bridge facility due 2008, Reuters
reports, citing a banking source.

The company has tapped ABN AMRO to form a group of mandated lead
arrangers for the loan.

                          About Evraz

Headquartered in Luxembourg, Evraz Group S.A. (LSE:EVR) --
http://www.evraz.com/-- manufactures and distributes steel and
related products.  In addition, the Company owns and operates
certain mining assets.  Its steel production and mining
facilities are mainly located in the Russian Federation.  It
operates three steel mills in Russia, one mill in the Sverdlovsk
region and two mills in the Kemerovo region.

                         *     *     *

As reported in the TCR-Europe on July 23, 2007, Fitch Ratings
affirmed Evraz Group S.A.'s Long-term Issuer Default and senior
unsecured ratings at 'BB' and its Short-term IDR at 'B'.

At the same time, Fitch affirmed the ratings of Mastercroft
Ltd., a 100%-owned subsidiary of Evraz that controls the group's
Russia-based assets, at Long-term IDR 'BB' and Short- term IDR
'B'.  Evraz Securities S.A.'s senior unsecured rating is
affirmed at 'BB'.  The Outlooks on the Long-term IDRs are
Stable.

Evraz Group also carries a Ba3 Corporate Family Rating for Evraz
Group S.A. and a Ba3 Probability-of-Default Rating from Moody's
Investor Service.

Moody's also assigned these ratings:

* Issuer: Evraz Group S.A.

                                                    Projected
                         Old Debt New Debt LGD      Loss-Given
  Debt Issue             Rating   Rating   Rating   Default
  ----------             -------  -------  ------   -------

  8.25% Senior Unsecured
  Regular Bond/
  Debenture Due 2015      B2        B2      LGD5     88%

* Issuer: Evraz Securities S.A.

                         Old Debt New Debt LGD      Loss Given
  Debt Issue             Rating   Rating   Rating   Default
  ----------             -------  -------  ------   -------

  10.875% Senior Unsecured
  Regular Bond/
  Debenture Due 2009      B1       Ba3      LGD3     47%

Standard & Poor's rated Evraz Group's 8-1/4% notes due November
2015 at B+.


GASPOWER SERVICE: Creditors Must File Claims by Nov. 20
-------------------------------------------------------
Creditors of OJSC GasPower Service have until Nov. 20 to submit
proofs of claim to:

         K. A. Shamsutdinov
         P.O. 18
         Elabuga
         423600 Tatarstan
         Russia

The Arbitration Court of Tatarstan will convene at 1:00 p.m. on
Feb. 5, 2008, to hear the company's bankruptcy supervision
procedure.  The case is docketed under Case No. ?65-24026/
2007-??4-27.

The Court is located at:

         The Arbitration Court of Tatarstan
         Office 14
         Block 1
         Kremlin
         Kazan
         Tatarstan
         Russia

The Debtor can be reached at:

         OJSC GasPower Service
         Nizhnij Suyk-Su Settlement
         Tukaevskij Raion
         Tatarstan
         Russia


GAZPROM NEFT: To Increase Oil Output by 1.5% in 2008
----------------------------------------------------
OAO Gazprom Neft plans to increase its oil output by 1.5% to
33.5 million metric tons in 2008, RIA Novosti reports, citing
company president Alexander Dyukov.

Mr. Dyukov added that Gazprom Neft plans to export 3 million
tons of crude to Ukraine next year, RIA Novosti relates.

The company president also revealed that Gazprom Neft has
proposed to create a joint exploration and production venture
with oil firms Chevron, Shell, and StatoilHydro, but has yet to
receive replies.

                       About Gazprom Neft

Headquartered in Moscow, Russia, OAO Gazprom Neft --
http://www.gazprom-neft.ru/-- explores, produces, refines,
markets, produces and sells petroleum products.  The Company
holds oilfield exploration and development licenses in the
Yamal-Nenets and Khanti-Mansiisk autonomous regions, as well as
in theOmsk and Tomsk regions, and in Chukotka.  The Company's
main oil processing center is the Omsk Refinery.  Gazprom Neft
is one of Russia's largest oil companies handling downstream and
upstream operations.  It was known as Sibneft before April 2007.

                         *     *     *

As of Aug. 24, 2007, Gazprom Neft carries a Ba1 Corporate Family
and Ba2 Senior Unsecured Debt ratings from Moody's.  Moody's
said the outlook is positive.

Gazprom Neft also carries BB+ Long-Term Foreign Issuer Credit
and Local Issuer Credit ratings from Standard & Poor's.  S&P
said the outlook is positive.


NOVOLYALINSKIJ OJSC: Court Names A. M. Nasyrova as Liquidator
-------------------------------------------------------------
The Arbitration court of Sverdlovsk appointed A. M. Nasyrova as
competitive proceedings manager for OJSC Bread-Baking Complex
Novolyalinskij.  She can be reached at:

         A. M. Nasyrova
         P.O. Box 717
         620000 Ekaterinburg
         Russia

The Court commenced 12-month competitive proceedings against the
company on Oct. 15, 2007, after finding it insolvent.  The case
is docketed under Case No. ?60-5886/2007-?11.

The Court is located at:

         The Arbitration Court of Sverdlovsk
         Lenina Pr. 34
         620151 Ekaterinburg
         Russia  

The Debtor can be reached at:

         OJSC Bread-Baking Complex Novolyalinskij
         Klubny Per. 8?
         Novaya Lyalya
         453036 Sverdlovsk
         Russia


PROMENERGOBANK CB: Competitive Proceedings Ongoing
--------------------------------------------------
Creditors of OJSC Investment PromEnergoBank CB are invited to
submit their proofs of claim to:

         OJSC Investment PromEnergoBank CB
         Building 1
         Krutitskij Val Str. 14
         109044 Moscow
         Russia

The Court appointed V. N. Luka as temporary administrator of the
company.


SISTEMA-HALS JSC: Starts Trading of Ordinary Shares on RTS
----------------------------------------------------------
JSC Sistema-Hals began trading its ordinary, dematerialized
registered shares on Russian Trading System on Oct. 30, 2007.

Shares in JSC Sistema-Hals have been included on the exchange's
list of 'securities admitted to trading but not officially
listed' under the ticker HALS.

"We believe that joining RTS will help make Sistema-Hals shares
more attractive for investors and boost the company's market
capitalization," Felix Evtushenkov, Sistema-Hals president
commented.

Headquartered in Moscow, Russia, Sistema-Hals JSC --
http://www.sistema.com/-- is a 71.1% subsidiary of Sistema  
JSFC.  It is one of the leading property developers in Moscow
and the Moscow region, with operations in the six regions in
Russia, as well as Yalta and Kyiv in the Ukraine.  In addition
to its real estate development business activities, the company
is involved in a number of large-scale governmental
infrastructural projects in the capacity of project manager.  
During fiscal year of 2006, Sistema-Hals reported revenue of
US$282.9 million and EBITDA of US$94.9 million.

                           *    *    *

As reported in the TCR-Europe on July 5, 2007, Moody's Investors
Service assigned a B1 foreign currency corporate family rating
to Sistema-Hals, a real estate development company based in
Moscow.  The outlook on the rating is stable.

Fitch Ratings has assigned JSC Sistema-Hals Long-term Issuer
Default Rating 'B+', Short- term IDR 'B' and National Long-term
rating 'A-(rus)'.  The Outlooks for the Long-term IDR and
National Long-term rating are Stable.


TALITSKIJ LLC: Creditors Must File Claims by Dec. 20
----------------------------------------------------
Creditors of Distilling Plant Talitskij LLC have until Dec. 20
to submit proofs of claim to:

         A. K. Katrushin
         Gor'kogo Str. 31
         620075 Ekaterinburg
         Russia

The Arbitration court of Sverdlovsk commenced competitive
proceedings on Aug. 8, 2007.  The case is docketed under Case
No. ?60-5597/07-?11.

The Court is located at:

         The Arbitration Court of Sverdlovsk
         Lenina Pr. 34
         620151 Ekaterinburg
         Russia  

The Debtor can be reached at:

         Distilling Plant Talitskij LLC
         Zavodskaya str., 13
         Talitsa
         623640 Sverdlovsk
         Russia


UST'-KATAVSKIJ ME: Creditors Must File Claims by Nov. 20
--------------------------------------------------------
Creditors of Bread-Baking Plant UST'-Katavskij ME have until
Nov. 20 to submit proofs of claim.

The Arbitration Court of Chelyabinsk commenced competitive
proceedings on the company on Sept. 28, 2007.  The Court
appointed M. G. Fazylov as competitive proceedings manager.  The
case is docketed under Case No. ?76-12228/2007-34-214.

The Court is located at:

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

The Debtor can be reached at:

         Bread-Baking Plant UST'-Katavskij ME
         Ust'-Katav
         Russia


VOLGO-DON INVESTMENT: Creditors Must File Claims by Dec. 20
-----------------------------------------------------------
Creditors of Volgo-Don Investment Bank Open Joint Commercial
Bank have until Dec. 20 to submit proofs of claim to:

         State Corporation State Agency for Deposit Insurance
         Competitive Proceedings Manager
         P.O. Box 48 or 400074
         Kovrovskaya Str. 24
         Volgograd
         109052 Moscow
         Russia
         Tel: 8-800-200-08-05

The Arbitration Court of Volgograd commenced competitive
proceedings against the bank on Oct. 12, 2007, after finding it
insolvent.  The case is docketed under Case No. ?12-15172/
07-?50.

The Debtor can be reached at:

         Volgo-Don Investment Bank Open Joint Commercial Bank
         Kovrovskaya Str. 24
         400074 Volgograd
         Russia


X5 RETAIL: Acquiring Korzinka Retail Chain for US$115 Million
-------------------------------------------------------------
X5 Retail Group N.V., has signed an agreement to acquire 100% of
the business and assets of the Korzinka retail chain, for around
US$115 million, including debt.

Korzinka is the largest and fast growing retail chain in the
Lipetsk region.  The companyís expected sales is US$190 million
excluding VAT for 2007.   X5 Group will acquire 22 stores in
total, of which 15 will be integrated into the Group's
discounter format, six into the supermarket format and one store
will be added to the hypermarket network.

Central region which includes city of Lipetsk is one of the most
attractive in Russia, accounting for 19% of the countryís
population and 14% of its total food retail market (excluding
the Moscow region).  The region accommodates Russiaís leading
manufacturers, such as Novolipetsk Steel (NLMK), Lebedyansky,
Cherkizovo group and many others, shaping up the fast-growing
local economy and ensuring high purchasing power of the regionís
population.  X5 has entered into the region in 2005 and at the
time of acquisition already operated one hypermarket and four
supermarkets, and also had an active new site development
program.

The total area of the Korzinka outlets is 38,007 sq.m., of which
12,352 sq. m. are owned, while average length of lease
agreements for the remaining space is 10 years (including the
hypermarket).  The net selling space represented by the outlets
is 19,966 sq. m.

Denis Gritsaenko, the ex-Head of X5 operations in discounter
format in the Moscow region, has been appointed to manage the
Companyís Central region filial, and will be responsible for
Korzinkaís integration into the Groupís operations.

"This is a transaction of strategic importance for X5 Retail
Group," Lev Khasis, X5 Retail Group CEO, commented.  "We are
clearly established as the main consolidator of the food
retailing sector in Russia.  The purchase of Korzinka allows X5
to establish market leadership in one of the most important
regions.  It underpins X5ís focus on regional expansion and
supports the Groupís intention to secure clear leadership in
every market and region it operates.  No need to say that
Korzinka fits organically into the multi-format growth strategy
of our Group and allows us to roll out Pyaterochka discounters
into this region in anticipation of our plans."

"With Korzinka X5 not only secured a strong platform for its
rapid expansion into one of the most attractive Russian regions
-- we acquired an established, fast growing and efficient
business," Andrei Gusev, Mergers, Acquisitions and Business
Development Director at X5 Retail Group added.  "We were
impressed with its loyal and motivated employees and management
team. Going forward, we expect significant synergetic effects in
all areas of combined regional operations, including purchasing,
store operations, and development."

The transaction is subject to the normal regulatory approvals,
including approval by the Federal Antimonopoly Service (FAS),
and is expected to be closed by the end of 2007.

                         About X5 Retail

Headquartered in the Netherlands, X5 Retail Group N.V. --
http://www.x5.ru/en/-- operates a large store network largely
covering the Moscow region and St. Petersburg but also has a
good presence in other Russian regions through its franchise
operations.  The company has recently acquired two of its
successful regional franchise operations -- in Yekaterinburg and
Chelyabinsk.

                         *     *     *

As reported in the TCR-Europe on July 19, 2007, Moody's
Investors Service changed the outlook on the B1 Corporate Family
Rating of X5 Retail Group N.V. to positive from stable.

At the same time, Standard & Poor's Ratings Services revised its
outlook on X5 Retail Group N.V. its subsidiaries to stable from
negative, reflecting expectations that X5's financial
performance will continue to improve.  At the same time, the
'BB-' long-term corporate credit rating was affirmed.


YUKOS OIL: Completes Payment to Bankruptcy Creditors
----------------------------------------------------
OAO Yukos Oil Co. has paid up to RUR1.867 trillion to its
bankruptcy creditors, with RUR76 billion in outstanding claims
left, RIA Novosti reports, citing bankruptcy receiver Eduard
Rebgun.

According to the report, Yukos has paid:

   -- RUR995 billion in taxes, RUR579 billion of which incurred
      during the company's bankruptcy process, to Russia's
      federal budget; and

   -- RUR872 billion in claims by commercial creditors,
      including Deutsche Bank AG, Banque Societe Generale Vostok
      and Mazeikiu Nafta.

Mr. Rebgun is currently working on Yukos' liquidation papers and
a court application to end the bankruptcy proceedings, RIA
Novosti relates.  The company's bankruptcy proceedings was to
end on Nov. 4, 2007.

                       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.


YUKOS OIL: Dutch Court Nullifies Yukos Finance Sale
---------------------------------------------------
A court in Amsterdam, Netherlands, has ruled that the sale of
Yukos Finance N.V., a unit of OAO Yukos Oil Co., was illegal
under Dutch law, various reports say.

As previously reported in the TCR-Europe, Eduard Rebgun, Yukos'
bankruptcy receiver, sold Yukos Finance via a competitive
auction to OOO Promneftstroy for RUR7.838 billion.

Yukos Finance's main assets include:

  -- a 49% stake in Transpetrol, worth between US$100 million
     and US$200 million; and

  -- proceeds from a 54% stake in Lithuanian refinery Mazeikiu
     Nafta AB, worth almost US$1.5 billion.

The Amsterdam court noted that since Dutch courts do not
recognize Russian bankruptcy decisions, Mr. Rebgun --  who was
appointed by a Russian court -- has no power to decide over the
matters of Yukos Finance, Agence-France Presse relates.  

The court hence ruled to recognize Bruce Misamore and David
Godfrey as Yukos Finance's lawful executives, who Mr. Rebgun
dismissed early 2007, RIA Novosti relates.  

The Dutch court obliged Mr. Rebgun to immediately comply in
annulling all his decisions on Yukos Finance and their
consequences.  The court warned that it would fine Mr. Rebgun
EUR10,000 for every violation and EUR1,000 for each day of non-
compliance if he fails to adhere with the ruling.

Meanwhile, Mr. Rebgun "will take all measures to appeal against
[the] ruling," since it does not correspond to international
law, RIA Novosti reports citing Nikolai Lashkevich, spokesman
for Yukos' bankruptcy receiver.

                         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.


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


NOVELIS INC: Realm Communications Completes Rebranding
------------------------------------------------------
Realm Communications has announced the completion of its
rebranding initiative for Novelis Inc., newly acquired by
Mumbai-based Hindalco Industries Limited, the flagship company
of the multinational conglomerate Aditya Birla Group.  The
biggest Indian acquisition of a U.S.-based company, Hindalco,
with Novelis, is now the world's largest aluminum rolled
products company and recycler of aluminum cans, as well as one
of the largest producers of primary aluminum in Asia and of
copper in India.

A landmark transaction for Aditya Birla and further evidence of
India's expanding global business presence, Realm capitalized on
the reputations and collaboration of these two giants in the
metals industry by combining the best of both worlds, yet
remaining sensitive to accommodating two cultures, both from a
corporate and ethnic perspective, under one brand.

"When you're rebranding a multicultural corporation, especially
in light of an acquisition, you have to take a 360-degree view,
respecting what has come before and balancing that with
established identities," said Michael Stewart, Realm's Creative
Director.  "In this particular case we had to marry the brand
promise and graphic identity of an Indian parent company with a
North American subsidiary with locations in 11 countries.  We
believe the result not only affirms their complementary
capabilities, but also anticipates their future possibilities."

In developing the new brand message, Realm chose a direction
that would better support the Novelis vision -- "To make the
world a lighter, brighter and better place" -- and ensure that
it underscores a consistent and stable message for the corporate
transition.  With that as the goal, "Brighter ideas with
aluminum" is the new Novelis tag line.  The brand message
clearly defines Novelis' business and reinforces their
commitment to be a commodity provider as well as an industry
innovator.

Brand applications such as websites, collateral, vehicles and
workwear are due to be fully implemented by the end of the year.
Exterior signage will be completed by July 2008.

                 About Realm Communications

REALM Communications Group, Inc. -- http://www.rcgoptic.com/--  
is a manufacturer, a value added reseller, a systems integrator
and distributor of fiber optic equipment, communication
products, and fiber optic cables.  The company specializes in
developing and marketing unique fiber optic solutions.  Founded
in 1987, REALM has taken a leading role in supplying state of
the art technologies and integrated solutions in voice, data,
video, and SCADA fields.

                       About Novelis

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

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

                       *     *     *

As reported in the Troubled Company Reporter-Latin America on
July 26, 2007, Fitch Ratings has affirmed the Issuer Default
Rating for Novelis, Inc. and Novelis, Corp. at 'B' and assigned
a Negative Rating Outlook.  The company's previous senior
secured bank debt ratings have been withdrawn.  Ratings for the
new credit facility of 'BB' were assigned and the senior
unsecured debt ratings have been affirmed as:

Novelis, Inc.

-- IDR 'B';
-- Senior secured asset-based revolver 'BB/RR1';
-- Senior secured term loan B 'BB/RR1';
-- Senior unsecured notes 'B/RR4'.

Novelis, Corp.

-- IDR 'B';
-- Senior secured asset-based revolver 'BB/RR1';
-- Senior secured term loan B 'BB/RR1'.


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

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

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

                    About  Novelis Inc

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

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

                        *     *     *

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

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

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

Novelis Inc.

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

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

Novelis, Corp.

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


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


IRAIDA LLC: Creditors Must File Claims by November 8
----------------------------------------------------
Creditors of LLC Iraida (code EDRPOU 22414819) have until Nov. 8
to submit their proofs of claim to:

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

The Economic Court of Lvov commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as 6/59-4/53.

The Debtor can be reached at:

         LLC Iraida
         Striy, Grabovetskaya Str. 1
         Lvov
         Ukraine


KLESOV MOVABLE 177: Proofs of Claim Filing Ends November 8
----------------------------------------------------------
Creditors of OJSC Klesov Movable Mechanized Column 177 (code
EDRPOU 01037376) have until Nov. 8 to submit their proofs of
claim to:

         The Economic Court of Rivne
         Yavornitskiy Str. 59
         33001 Rivne
         Ukraine

The Economic Court of Rivne commenced bankruptcy supervision
procedure on the company on Oct. 1.  The case is docketed as
4/1.

The Debtor can be reached at:

         OJSC Klesov Movable Mechanized Column 177
         Dzerzhynsky Str. 32
         Klesov
         Sarny District
         34550 Rivne
         Ukraine


TRUST UMAN: Proofs of Claim Filing Ends November 8
--------------------------------------------------
Creditors of OJSC Trust Uman Industrial Dwelling Building (code
EDRPOU 01271020) have until Nov. 8 to submit their proofs of
claim to:

         The Economic Court of Cherkassy
         Shevchenko Avenue 307
         18005 Cherkassy
         Ukraine

The Economic Court of Cherkassy commenced bankruptcy supervision
procedure on the company Aug. 16.  The case is docketed as
14/4075.

The Debtor can be reached at:

         OJSC Trust Uman Industrial Dwelling Building
         October Revolution Str. 22/2
         Uman
         20300 Cherkassy
         Ukraine


VESAMO LLC: Creditors Must File Claims by November 8
----------------------------------------------------
Creditors of LLC Vesamo (code EDRPOU 22951701) have until Nov. 8
to submit their 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 15/715-b.

The Debtor can be reached at:

         LLC Vesamo
         Kikvidze Str. 18-A
         01103 Kiev
         Ukraine


WEST LLC: Creditors Must File Claims by November 7
--------------------------------------------------
Creditors of LLC West (code EDRPOU 31680752) have until Nov. 7
to submit their proofs of claim to:

         Papa Vladimir
         Liquidator
         Shakhtostroiteley Boulevard 5
         83052 Donetsk
         Ukraine  

The Economic Court of Donetsk commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as 45/95b.

The Court is located at:

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

The Debtor can be reached at:

         LLC West
         Heroes Panfilovtsy Str. 11
         83005 Donetsk
         Ukraine



ZOLOTOY KOLOS: Creditors Must File Claims by November 8
-------------------------------------------------------
Creditors of LLC Zolotoy Kolos (code EDRPOU 30802813) have until
Nov. 8 to submit their proofs of claim to:

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

The Economic Court of Vinnica commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as 10/187-07.

The Debtor can be reached at:

         LLC Zolotoy Kolos
         Kurelevtsy
         Zhmerinka District
         23114 Vinnica
         Ukraine


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


ASCENSION CLOTHING: Appoints J. M. Titley as Liquidator
-------------------------------------------------------
J. M. Titley of DTE Leonard Curtis was appointed liquidator of
Ascension Clothing Ltd. (formerly Hallco 1276 Ltd.) on Oct. 26
for the creditors' voluntary winding-up procedure.

The liquidator can be reached at:

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


BELLHOUSE & JACKSON: Calls In Liquidators from Tenon Recovery
-------------------------------------------------------------
Matthew Colin Bowker and David Antony Willis of Tenon Recovery
were appointed joint liquidators of Bellhouse & Jackson Ltd.
(t/a Olivers Paris Restaurant) on Oct. 23 for the creditors'
voluntary winding-up proceeding.

The joint liquidators can be reached at:

         Tenon Recovery
         33 George Street
         Wakefield
         West Yorkshire
         WF1 1LX
         England


BEN NICHOLSON Daryl Warwick Leads Liquidation Procedure
-------------------------------------------------------
Daryl Warwick of Armstrong Watson was appointed liquidator of
Ben Nicholson (Carlisle) Ltd. (formerly  ALB (Five) Ltd.) on
Oct. 25 for the creditors' voluntary winding-up procedure.

The liquidator can be reached at:

          Armstrong Watson
          Fairview House
          Victoria Place
          Carlisle
          Cumbria
          CA1 1HP
          England


CASHFLOW PARTNERS: Receivers Assure Payment to Minutes Medical
--------------------------------------------------------------
Glasgow, Scotland-based doctors' recruitment agency Minutes
Medical is likely to get repaid by its invoice factoring company
Cashflow Partners, which went into receivership after Bank of
Scotland and Clydesdale called in their debt, the Herald
reports.

On Oct. 10, 2007, Cashflow Partners has appointed Fraser Gray
and Alastair Beveridge, partners at Kroll's Corporate Advisory &
Restructuring Group, as receivers.

The receivers earlier told Richard Dias, who runs Minutes
Medical, that he was an unsecured creditor, and "would have to
wait in line with all the other creditors," the Herald relates.

According to Mr. Dias, Minutes Medical may lose GBP58,000 worth
of invoices collected by Cashflow Partners, putting the agency
at risk of collapsing.

However, after hearing Minutes Medical's concerns, the receivers
assured the agency that it will recover the whole amount
Cashflow Partners owes it.

"On appointment as receivers to Cashflow Partners, our objective
was to transfer as many clients as possible to new funders to
minimize disruption to those clients," Mr. Gray was quoted by
the Herald as saying.  "Cashflow Partners also had a small
number of clients with credit balances at the date of
receivership, and we can confirm that these balances are to be
repaid to those clients in full."


CHEYNE FINANCE: Exclusivity Agreement with RBS Lapses
-----------------------------------------------------
The period of exclusivity for Cheyne Finance plc's exclusivity
agreement with the Royal Bank of Scotland plc has lapsed at
11:59 p.m. on Oct. 29, 2007.

However, the receivers of Cheyne Finance will continue to
discuss with RBS regarding a viable refinancing solution.

On Oct. 22, 2007, Neville Kahn, Nick Edwards and Nicholas Dargan
of Deloitte & Touche LLP, the receivers of Cheyne Finance,
entered into an exclusivity agreement with the RBS.  RBS is
seeking to arrange the set-up of a new vehicle which will buy
the portfolio and which will be financed by new and existing
investors.

The action follows detailed discussions with a number of
different bidders over the past few weeks and after consultation
with the informal creditors' committees.

As previously reported in the TCR-Europe, the receivers of
Cheyne Finance, 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.

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.

                          *     *     *

On Oct. 22, 2007, Standard & Poor's Ratings Services downgraded
the commercial paper, medium-term notes, and capital notes
issued by Cheyne Finance PLC and Cheyne Finance LLC (together
'Cheyne Finance') to D on 19 October 2007, following the
occurrence of an Insolvency Event on 17 October 2007.  The
issuer credit rating of Cheyne Finance was also lowered to D.

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


COLLINS & AIKMAN: Fee Examiner Files Report
-------------------------------------------
Judy A. O'Neill, the fee examiner appointed in Collins & Aikman
Corp. and its debtor-affiliates Chapter 11 cases, filed with the
U.S. Bankruptcy Court for the Eastern District of Michigan a
report, prepared in collaboration with her business consultant,
Fred Caruso of Development Specialists, Inc., on the results of
her investigation of the fees and expenses incurred by
professionals retained in the Chapter 11 cases.

As of June 30, 2007, approximately US$123,000,000 in fees and
expenses has been incurred by the 25 professionals whose fees
ares subject to Sections 327 and 328 of the Bankruptcy Code,
Ms. O'Neill relates.

The fee examiner conducted informal interviews and examinations
of key parties and professionals, rather than formal
depositions.  Ms. O'Neill worked with the Debtors, the Official
Committee of Unsecured Creditors, and JPMorgan Chase Bank, N.A.,
the pre- and postpetition agent of lenders, to obtain entry of a
protective order, as amended, to protect parties from the
disclosure of sensitive confidential information on certain
terms.

Ms. O'Neill concludes that the substantial operational,
managerial and financial issues in the Debtors' Plastics
division and the effect of the issues on the achievability of
management's  business plan goals should have been discovered
earlier.  She says that from the outset of the Debtors' Chapter
11 cases, the "key constituents, namely the Debtors' major
customers, the bank group -- subset of prepetition lenders,
which acted as a steering committee for the prepetition lenders,
together with the Prepetition Agent -- the Agent, and the
Creditors Committee were aware of the substantial operational,
managerial and financial issues in Plastics.

Due in large part to the Plastics issues, until the approval of
certain October 2005 customer agreements in December 2005, the
Debtors could not formulate a reliable business plan, Ms.
O'Neill notes.  With respect to the summer of 2006, she
concludes that based on the Debtors' performance in March, April
and May of 2006, the Debtors should have known that:

   -- the aggressive US$179,000,000 2006 EBITDA projection in
      that certain 4+8 plan was unachievable considering the
      Plastics issues in June 2006; and

   -- the projected 2006 EBITDA at that time should have more
      realistically resembled the US$105,500,000 projected in
      that certain 6+6 plan subsequently issued in August 2006.

Ms. O'Neill does not believe that the delay in the discovery of
the impact of the Plastics issues on the Debtors' business plan
resulted in material unnecessary losses or reductions in
creditor recoveries, except with respect to the Prepetition
Lenders who funded professionals' fees and likely unnecessarily
funded two months of fees as a result of the delay, and the
Customers, to the extent they made business decisions during the
delay that increased their costs upon liquidation.

If the Court concludes that the business plan should have been
more conservative when initially issued in January 2006, the
Prepetition Lenders and the Customers likely suffered losses or
reductions in recoveries, Ms. O'Neill adds.

To the question of whether the key assumptions underlying
management's business plan, the nature and substance of the
Debtors' operating challenges in their Plastics Division and
substantive developments and changes in the Debtors' views on
future operating performance were adequately and timely
disclosed to the Debtors' principal creditor constituencies, Ms.
O'Neill affirms that the Debtors did.

According to Ms. O'Neill, because the Debtors' inability to
timely achieve the business plan improvements resulted in a
failure to increase value rather than a true decrease in value,
the substantial diminution of the Debtors' estates is not
relevant to the inquiry, and therefore, the relevant initial
inquiry is whether any particular work was no longer reasonably
necessary after reorganization became unlikely.

Ms. O'Neill states that the probability of any reorganization
substantially decreased in June 2006, when the Debtors'
projected 2006 adjusted EBITDA fell substantially below
US$179,000,000, and that reorganization at the lower EBITDA
level became necessarily contingent upon additional third-party
concessions, i.e. Extraordinary Customer relief, which the fee
examiner concludes was not likely to be obtained.

Given the delay, Ms. O'Neill concludes that the decision to
liquidate could have occurred approximately two months earlier.  
Therefore, she tells the Court, the Chapter 11 cases and the
attendant fees were unnecessarily extended by approximately two
months.  Moreover, less significant work may have been
reasonably unnecessary under the circumstances.

A full copy of Ms. O'Neill's report is available for free at
http://bankrupt.com/misc/Collins_FeeExaminer'sReport.pdf

                         *     *     *

Prior to the filing of the report, the Court approve the
stipulation among the Debtors, United States Trustee, Ms.
O'Neill, the Creditors Committee, for, among other things, the
the immediate delivery of O'Neil's  complete and unredacted
draft report, including any attachments, to the U.S. Trustee.


                     About Collins & Aikman

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


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

On Aug. 30, 2006, the Debtors filed a Joint Chapter 11 Plan and
a Disclosure Statement explaining that plan.  On Dec. 22, 2006,
they filed an Amended Plan and on Jan. 22, 2007, filed a
modified Amended Plan.  On Jan. 25, 2007, the Court approved the
adequacy of the Disclosure Statement.  On July 18, 2007, the
Court confirmed the Debtors' Liquidation Plan which became
effective on Oct. 12, 2007.  The Debtors' cases are set to be
closed on Feb. 28, 2008.  (Collins & Aikman Bankruptcy News,
Issue No. 78; Bankruptcy Creditors' Service Inc.;
http://bankrupt.com/newsstand/or 215/945-7000)


FORD MOTOR: UAW Contract Negotiations Continue
----------------------------------------------
Debate between Ford Motor Company and the United Auto Workers
union on union-run trust financing recommenced at 9 a.m.,
Wednesday, after it broke off at 1 a.m. Wednesday morning
following high-level contract talks that began Tuesday morning
last week, Jui Chakravorty and Poornima Gupta of Reuters report
citing a source familiar with the matter.

Reuters' source says the union is also seeking a favorable deal
on UAW-represented U.S. plants that the company plans to close
as part of its turnaround plan announced last year.

UAW President Ron Gettelfinger joined the negotiations on
Tuesday, indicating that both parties are nearing a settlement,
according to various sources.

As reported in the Troubled Company Reporter on Oct. 30, 2007,
contract talks with Ford and the union speeded up after Chrysler
LLC ratified its four-year labor contract with the union on Oct.
27, 2007.  Ford and the UAW have reached a new set of terms for
a labor contract, cutting thousands of jobs under a buyout
program.  If Ford could bargain cost savings from the UAW under
their new contract, the carmaker is likely change its plans on
closing six plants and displacing workers.

                 Ford Family Controlling Stake

Resolved differences within the Ford family botched a proposed
sale of the family's 40% controlling stake in the company,
instigating heirs of founder Henry Ford to stop talks with
investment bankers, Francesco Guerrera in New York, John Reed in
London and Bernard Simon in Toronto of the Financial Times wrote
quoting people close to the situation.

                         About Ford

Headquartered in Dearborn, Michigan, Ford Motor Co. (NYSE: F) --
http://www.ford.com/-- manufactures or distributes automobiles  
in 200 markets across six continents.  With about 260,000
employees and about 100 plants worldwide, the company's core and
affiliated automotive brands include Ford, Jaguar, Land Rover,
Lincoln, Mercury, Volvo, Aston Martin, and Mazda.  The company
provides financial services through Ford Motor Credit Company.

The company has operations in Japan in the Asia Pacific region.
In Europe, the company maintains a presence in Sweden, and the
United Kingdom.  The company also distributes its brands in
various Latin American regions, including Argentina and Brazil.

                          *     *     *

As reported in the Troubled Company Reporter on July 30, 2007,
Moody's Investors Service said that the performance of Ford
Motor Company's global automotive operations for the second
quarter of 2007 was significantly stronger than the previous
year and better than street expectations.

However, Moody's explained that the company continues to face
significant competitive and financial challenges, and the rating
agency expects that Ford's credit metrics and rate of cash
consumption will likely remain consistent with no higher than a
B3 corporate family rating level into 2008.

According to the rating agency, Ford's corporate family rating
is currently a B3 with a negative outlook.  The rating is
pressured by the shift in consumer preference from high margin
trucks and SUVs, and by the need for a new 2007 UAW contract
that provides meaningful relief from high health care costs and
burdensome work rules, Moody's relates.

In June 2007, S&P raised the Issue Rating on Ford's senior
secured credit facilities to B+ from B.


GREENLAKE LEISURE: Names Ian William Kings Liquidator
-----------------------------------------------------
Ian William Kings of Tenon Recovery was appointed liquidator of  
Greenlake Leisure Ltd. on Oct. 24 for the creditors' voluntary
winding-up procedure.

The liquidator can be reached at:

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


HIGHLANDS INSURANCE: Names Joint Administrators from PwC
--------------------------------------------------------
Dan Schwarzmann and Mark Batten from PricewaterhouseCoopers LLP
were appointed joint administrators of Highlands Insurance
Company (UK) Limited on Nov. 1, 2007, after directors concluded
that the company was insolvent.

"As a priority we plan to consult with major stakeholders in
order to explore solutions to deal efficiently with creditors'
claims," Mr. Schawrzmann disclosed.

PricewaterhouseCoopers LLP -- http://www.pwcglobal.com/--  
provides auditing services, accounting advice, tax compliance
and consulting, financial consulting and advisory services to
clients in a variety of industries.  

Headquartered in Gloucester, England, Highlands Insurance
Company (UK) Limited was established in 1974 and began writing
business in 1982.  It wrote predominantly London market excess
of loss business until it went into run-off in January 1994.  As
at Dec. 31, 2005, Highlands had gross technical insurance
liabilities of around GBP77 million.

The ultimate parent company of Highlands is Highlands Insurance
Group Inc., incorporated in the State of Delaware, U.S.A. Which,
since October 2002 has been subject to bankruptcy proceedings in
Delaware, U.S.A.


ICONIX BRAND: Third Qtr. Net Income Climbs to US$17 Mil. in 2007
----------------------------------------------------------------
Iconix Brand Group Inc. has announced US$42.7 million Licensing
revenue for the third quarter and nine months ended Sept. 30,
2007.

                      Q3 2007 Results

Licensing revenue for the third quarter of 2007 increased 93% to
approximately US$42.7 million, as compared to approximately
US$22.1 million in the third quarter of 2006.  EBITDA for the
third quarter increased 92% to approximately US$30.8 million, as
compared to approximately US$16.1 million in the prior year
quarter and free cash flow for the quarter increased 106% to
approximately US$27.4 million, as compared to approximately
US$13.3 million in the prior year quarter.  

Net income for the third quarter increased 114% to approximately
US$17.0 million versus approximately US$7.9 million in the prior
year quarter and fully diluted earnings per share increased to
approximately US$0.28 versus US$0.18 in the prior year quarter.  

         Nine months ended Sept. 30, 2007 Results

Licensing revenue for the nine months ended Sept. 30, 2007
increased 109% to approximately US$112.6 million, as compared to
approximately US$53.8 million in the prior year nine-month
period.  EBITDA for the nine-month period increased 138% to
approximately US$85.4 million, as compared to approximately
US$35.9 million in the prior year nine-month period, and free
cash flow increased 160% to approximately US$74.5 million, as
compared to approximately US$28.7 million in the prior year nine
month period.  Net income as reported on the company's income
statement for the nine month period increased 88% to
approximately US$44.5 million, as compared to approximately
US$23.6 million in the prior year nine month period and fully
diluted earning per share as reported on the company's income
statement was US$0.73 versus US$0.54 in the prior year nine
month period.  The company recognized non-cash tax benefits in
the prior year nine-month period and therefore comparing net
income on a tax-effected basis, the company reported net income
of approximately US$44.5 million as compared to approximately
US$17.1 million (tax-effected) in the prior year nine months.
In comparing fully diluted earnings per share on a tax-effected
basis, the company reported fully diluted earnings per share of
US$0.73 in the first nine months of 2007, as compared to US$0.40
(tax-effected) in the prior year nine month period. Tax effected
net income and fully diluted EPS are non-GAAP metrics and a
reconciliation table for both is attached to this press release.

Neil Cole, Chairman and Chief Executive Officer of Iconix,
commented, "I am pleased with our results this quarter as we
increased revenue 93% and net income 114% from the prior year in
what was a very challenging period for retail in general.  Our
performance this quarter highlights the unique attributes of our
licensing model where diversification from a portfolio of 15
brands and almost 200 licensees, combined with contractually
guaranteed revenue and no inventory exposure reduces our risk
and volatility in difficult retail environments.  Looking ahead
to the remainder of this year and for 2008, I am confident we
will continue to deliver strong increases in both revenue and
profitability and execute our long term growth plan."

                       2007 Guidance:

The company is projecting that for the full year 2007 it will be
at the high of end of its current revenue guidance of US$150 -
US$160 million as well as its current fully diluted earnings per
share guidance of US$0.96 - US$1.00.

                       2008 Guidance:

The company is issuing guidance for the full year 2008 of
revenue in a range of US$240 to US$250 million and fully diluted
EPS in a range of US$1.35 to US$1.40.

                       About Iconix

Based in New York City, Iconix Brand Group Inc. (Nasdaq: ICON) -
- http://www.iconixbrand.com/-- owns fashion brands to retail
distribution from the luxury market.  The company licenses its
brands to retailers and manufacturers worldwide.  The group has
international licensees in Mexico, Japan and the United Kingdom.

                       *     *     *

As reported in the Troubled Company Reporter on June 20, 2007,
Standard & Poor's Ratings Services revised its ratings outlook
on Iconix Brand Group Inc. to negative.  At the same time,
Standard & Poor's assigned its 'B-' debt rating to Iconix's then
proposed US$250 million convertible senior subordinated notes
due 2012.

As reported in the Troubled Company Reporter on June 18, 2007,
Moody's Investors Service affirmed Iconix Brand Group Inc.'s
corporate family rating at B1 and assigned a B3 rating to the
company's then proposed US$250 million convertible senior
subordinated note offering.


ISLE OF CAPRI: Names Donn Mitchell as Senior VP of UK Operations
----------------------------------------------------------------
Isle of Capri Casinos, Inc., has named Donn Mitchell senior vice
president of United Kingdom operations, pending regulatory
approval.  Mr. Mitchell currently serves as the company's senior
vice president, chief financial officer and treasurer, and will
remain in this position until his successor is named.

Mr. Mitchell joined Isle of Capri Casinos, Inc. in 1996 as
Director of Financial Analysis, and served in a variety of other
financial positions with the company. He was promoted to his
current role in 2005, at which time he was instrumental in the
relocation of the corporate office from Biloxi, Mississippi to
St. Louis, Missouri.  Mr. Mitchell recently led Isle of Capri
Casinos through a refinancing resulting in the company entering
into a new US$1.35 billion senior secured credit facility.

Prior to joining the company, Mr. Mitchell served as audit
manager for Arthur Anderson LLP in New Orleans, Louisiana.  He
holds a bachelor's degree in business administration from the
University of Southern Mississippi and is a certified public
accountant.  In 2002, Mr. Mitchell was recognized by the Biloxi
Sun Herald as one of coastal Mississippi's Top Ten Under Forty
business leaders.

Virginia McDowell, president and chief operating officer of Isle
of Capri Casinos, Inc. said, "Donn will be charged with
maximizing the potential of our gaming operations in the United
Kingdom, and his history with the company and financial
background will serve as a valuable skill set as he moves into
this important operational role leading our UK team.  As we
continue to define our strategic opportunities, enhance our
marketing programs and streamline our cost structure, Donn's
familiarity with our properties and markets will be a
significant asset."

Based in Biloxi, Mississippi and founded in 1992, Isle of Capri
Casinos Inc. (Nasdaq: ISLE) -- http://www.islecorp.com/-- owns
and operates casinos in Biloxi, Lula and Natchez, Mississippi;
Lake Charles, Louisiana; Bettendorf, Davenport, Marquette and
Waterloo, Iowa; Boonville, Caruthersville and Kansas City,
Missouri and a casino and harness track in Pompano Beach,
Florida.  The company also operates and has a 57.0% ownership
interest in two casinos in Black Hawk, Colorado.  Isle of Capri
Casinos' international gaming interests include a casino that it
operates in Freeport, Grand Bahama, a casino in Coventry,
England, and a two-thirds ownership interest in casinos in
Dudley and Wolverhampton, England.

                       *     *     *

As reported in the Troubled Company Reporter on June 21, 2007,
Standard & Poor's Ratings Services revised its rating outlook on
Isle of Capri Casinos Inc. to negative from stable.  Ratings on
the company, including the 'BB-' corporate credit rating, were
affirmed.


JI SERVICES: Taps Ian Mark Defty to Liquidate Assets
----------------------------------------------------
Ian Mark Defty of Kingston Smith & Partners LLP was appointed
liquidator of JI Services Ltd. (formerly Citinet Services Ltd.,
JI Services Ltd. and Textlevel Ltd.) on Oct. 24 for the
creditors' voluntary winding-up procedure.

The liquidator can be reached at:

         Kingston Smith & Partners LLP
         105 St. Peter's Street
         St. Albans
         Hertfordshire           
         AL1 3EJ
         England


KENDLE INT'L: Earns US$3.8 Million for Third Quarter 2007
---------------------------------------------------------
Kendle International Inc. has reported net service revenues for
third quarter 2007 were US$100.1 million, an increase of 33
percent over net service revenues of US$75.2 million for third
quarter 2006.  

Interest expense in the third quarter 2007 was approximately
US$3.3 million, primarily related to debt incurred to finance
the Charles River acquisition, compared to interest expense of
US$2.3 million in third quarter 2006.  

The company's effective tax rate for the quarter was
approximately 25 percent due to the reversal of approximately
US$833,000 of tax liabilities as required by FIN 48, "Accounting
for Uncertainty in Income Taxes."  The liabilities were
established as of Jan. 1, 2007, as part of the initial adoption
of FIN 48.  During third quarter 2007, the time period for
assessing tax on these items expired, necessitating the
reversal.

Income from operations for third quarter 2007 was approximately
US$14.2 million, or 14.2 percent of net services revenues.  Net
income was approximately US$3.8 million in third quarter 2007
compared to US$4.0 million in the third quarter of 2006.  Net
service revenues by geographic region for the third quarter were
51 percent in North America, 41 percent in Europe, 5 percent in
Latin America and 3 percent in the Asia/Pacific region.  The top
five customers based on net service revenues accounted for 24
percent of net service revenues for third quarter 2007 compared
to 30 percent of net service revenues for third quarter 2006.

"We are particularly pleased with the strong increase in our
operating margin," noted Candace Kendle, PharmD, Chairman and
Chief Executive Officer.  "We look forward to building on this
momentum to deliver improved value for our shareholders."

New business awards were a record US$175 million for third
quarter 2007, which represents an 18 percent increase over the
same quarter last year.  Contract cancellations for the quarter
were approximately US$7 million.  Total business authorizations
totaled US$831 million at Sept. 30, 2007, up 10 percent from
June 30, 2007, and an all-time company high.

Reimbursable out-of-pocket revenues and expenses were US$42.4
million for third quarter 2007 compared to US$21.5 million in
the same quarter a year ago.

Cash flow from operations for the quarter was a positive US$13.7
million.  Cash and marketable securities totaled US$29.1
million, including US$1.2 million of restricted cash.  Days
sales outstanding in accounts receivable were 40 and capital
expenditures for third quarter 2007 totaled US$3.4 million.

On July 16, 2007, the company issued US$200.0 million in
principal amount of 3.375% Convertible Senior Notes due 2012.
The notes pay interest semiannually.  Approximately US$174
million of the net proceeds of the Notes offering was used to
pay down the company's term loan.

                    Nine-Month Results

Net service revenues for the nine months ended Sept. 30, 2007,
were US$293.3 million, an increase of 49 percent over net
service revenues of US$197.1 million for the nine months ended
Sept. 30, 2006.  Net income per diluted share of US$0.83 for the
nine months ended Sept. 30, 2007, includes a charge for
amortization of acquired intangibles related to the August 2006
acquisition of Charles River as well as a charge for the write-
off of deferred financing costs related to the company's term
debt, which was paid off in the third quarter of 2007.
Excluding these items, which are detailed in the Condensed
Consolidated Statements of Income, EPS for the nine months ended
Sept. 30, 2007, was US$1.14 per diluted share. Interest expense
in the nine months ended Sept. 30, 2007, was approximately
US$12.0 million, primarily related to debt incurred to finance
the Charles River acquisition, compared to interest expense of
US$2.4 million in the first nine months of 2006.  EPS for the
nine months ended Sept. 30, 2006, was US$0.89 per diluted share.
Excluding the amortization of acquired intangibles, EPS for the
first nine months of 2006 was US$0.92 per diluted share.

The company's year-to-date effective tax rate was approximately
32 percent, reflecting the effect of the FIN 48 adjustment in
the third quarter.

Income from operations for the nine months ended Sept. 30, 2007,
was approximately US$37.6 million, or 12.8 percent of net
service revenues.  Excluding the amortization charge referenced
above, proforma income from operations was approximately US$40.7
million, or 13.9 percent of net service revenues.  Income from
operations for the nine months ended Sept. 30, 2006, was
approximately US$21.8 million.  Excluding the amortization
charge in the nine months ended Sept. 30, 2006, proforma income
from operations was US$22.5 million, or 11.4 percent of net
service revenues.  Net income for the first nine months of 2007
was approximately US$12.3 million compared to net income of
US$13.2 million in the first nine months of 2006.  Excluding the
amortization of acquired intangibles and the write-off of
deferred financing costs, net income for the first nine months
of 2007 was US$16.9 million, or US$1.14 per diluted share.
Excluding the amortization of acquired intangibles in the first
nine months of 2006, net income was US$13.6 million, or US$0.92
per diluted share.

Net service revenues by geographic region for the nine months
ended Sept. 30, 2007, were 50 percent in North America, 42
percent in Europe, 5 percent in Latin America and 3 percent in
the Asia/Pacific region.  The top five customers based on net
service revenues accounted for 25 percent of net service
revenues for the first nine months of 2007 compared to 29
percent of net service revenues for the first nine months of
2006.

Cash flow from operations for the nine months ended
Sept. 30, 2007, was a positive US$38.1 million. Capital
expenditures for the nine-month period totaled US$10.8 million.

             Updated Full-Year 2007 Guidance

Kendle also updated full-year 2007 guidance.  Net service
revenue guidance for the full year 2007 is now projected to be
in a range of US$390-US$400 million.  Operating margin on both a
GAAP and proforma basis remains unchanged from the previous
guidance and is expected to be between 12 and 14 percent and 13
and 15 percent, respectively. Kendle now expects GAAP EPS in the
range of US$1.25 to US$1.35 and projects proforma EPS to be in
the range of US$1.60 to US$1.70.

                       About Kendle

Based in Cincinnati, Kendle International Inc. (Nasdaq: KNDL)
-- http://www.kendle.com/-- is a global clinical research
organization and provides Phase II-IV clinical development
services worldwide.  The company's global clinical development
business is focused on five regions - North America, United
Kingdom, Asia/Pacific, Africa and Latin America including
Brazil.

                       *     *     *

As of July 3, 2007, the company carried Moody's B1 long-term
corporate family rating, B1 bank loan debt, and B2 probability
of default rating.  Moody's said the outlook is stable.

In addition, the company also carried Standard & Poor's B+ long-
term foreign and local issuer credits.  S&P said the outlook is
stable.


LONDON PORTRAIT: Brings In Liquidators from Tenon Recovery
----------------------------------------------------------
T. J. Binyon and S. J. Parker of Tenon Recovery were appointed
joint liquidators of The London Portrait Co. Ltd. on Oct. 24 for
the creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

          Tenon Recovery
          Sherlock House
          73 Baker Street
          London
          W1U 6RD
          England


M.B.N BLAST: Calls In Liquidators from Tenon Recovery
-----------------------------------------------------
Nigel Ian Fox and Stanley Donald Burkett-Coltman of Tenon
Recovery were appointed joint liquidators of M.B.N Blast Tech
Ltd. on for the creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

         Tenon Recovery
         Highfield Court
         Tollgate
         Chandlers Ford
         Eastleigh
         Hampshire
         SO53 3TZ
         England


MINUTES MEDICAL: Cashflow Partners to Repay Claims in Full
----------------------------------------------------------
Minutes Medical is likely to get repaid by its invoice factoring
company Cashflow Partners, which went into receivership after
Bank of Scotland and Clydesdale called in their debt, the Herald
reports.

On Oct. 10, 2007, Cashflow Partners has appointed Fraser Gray
and Alastair Beveridge, partners at Kroll's Corporate Advisory &
Restructuring Group, as receivers.

The receivers earlier told Richard Dias, who runs Minutes
Medical, that he was an unsecured creditor, and "would have to
wait in line with all the other creditors," the Herald relates.

According to Mr. Dias, Minutes Medical may lose GBP58,000 worth
of invoices collected by Cashflow Partners, putting the agency
at risk of collapsing.

However, after hearing Minutes Medical's concerns the receivers
assured the agency that it will recover the whole amount
Cashflow Partners owes it.

"On appointment as receivers to Cashflow Partners, our objective
was to transfer as many clients as possible to new funders to
minimize disruption to those clients," Mr. Gray was quoted by
the Herald as saying.  "Cashflow Partners also had a small
number of clients with credit balances at the date of
receivership, and we can confirm that these balances are to be
repaid to those clients in full."

Headquartered in Glasgow, Scotland, Minutes Medical is a
doctors' recruitment agency.


REMY WORLDWIDE: Taps Greenberg Traurig as Special Counsel
---------------------------------------------------------
Remy Worldwide Holdings Inc. and its debtor-affiliates ask
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ Greenbert Traurig, LLP, as their special
corporate advisory and litigation counsel nunc pro tunc Oct. 8,
2007.

Kerry A. Shiba, senior vice president and chief financial
officer of Remy Worldwide Holdings, Inc., relates that the
Debtors currently do not employ an experienced attorney who
serves in the role of "general counsel."  That void, he notes,
is filled by Greenberg Traurig, who, since 2006, has serviced
the Debtors in connection with corporate advisory and litigation
matters.  As a result, Greenberg Traurig, has become familiar
with the Debtors' business affairs.

The Debtors, thus, believe that Greenberg Traurig's continued
representation of them is essential to a successful Chapter 11
reorganization and will provide a substantial benefit to their
bankrupt estates.

Specifically, the Debtors have asked Greenberg Traurig to
continue to render services in connection with:

   -- advising and counseling them in connection with corporate
      advisory matters, including, but not limited to,
      corporate, securities, financing, transactional,
      intellectual property, environmental, and insurance
      matters unrelated to the administration of the Chapter 11
      cases;

   -- handling all aspects of non-bankruptcy litigation, as
      requested by the Debtors, including any pending
      prepetition litigation that would proceed in various
      forums postpetition; and

   -- any other corporate advisory or litigation services as
      requested by the Debtors.

To note, the Debtors have chosen Shearman & Sterling LLP and
Young Conaway Stargatt & Taylor LLP to provide them general
bankruptcy services.  Shearman & Sterling will chiefly be
responsible for providing general bankruptcy and reorganization
advice to the Debtors and Young Conaway will serve as the
Debtors' local Delaware counsel, while Greenberg will generally
focus on corporate advisory and litigation matters, Mr. Shiba
relates.  The Debtors assure the Court that they will undertake
efforts to minimize duplication of the professionals' work.  

The Debtors will pay for Greenberg Traurig's services on an
hourly basis in accordance with the firm's customary rates:

            Attorneys             US$235 to US$750
            Paraprofessionals     US$65 to US$230

The Debtors will also reimburse Greenberg Traurig for all the  
necessary cost and expenses the firm incurs in connection with
the contemplated services.  

Quinn P. Williams, Esq., a Greenberg Traurig professional,
assures the Court that his firm does not hold or represent any
interests adverse to the Debtors or their estates, in matters
upon which it is to be engaged.

Greenberg Traurig relates that it will conduct an ongoing review
to ensure that it continues neither to hold nor represent any
interests adverse to the Debtors or their estates.  If the firm
becomes aware of material information or relationships that it
determines require further disclosure, it will promptly disclose
that information to the Court on notice to the parties-in-
interest and the U.S. Trustee.

                    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 US$919,736,000 and total liabilities of
US$1,265,648,000.  (Remy Bankruptcy News; Issue No. 5,
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


REMY WORLDWIDE: Wants to Hire Ernst & Young as Accountant
---------------------------------------------------------
Remy Worldwide Holdings Inc. and its debtor-affiliates ask
permission from the U.S. Bankruptcy Court for the District of
Delaware to employ Ernst & Young LLP as their accountant,
auditor and tax services provider, nunc pro tunc Oct. 8, 2007.

Remy Worldwide Holdings, Inc. Senior Vice President and Chief
Financial Officer Kerry A. Shiba relates that the Debtors
require the services of a seasoned accountant, auditor and tax
services provider that is familiar with their businesses and the
Chapter 11 process.  In the course of performing services for
the Debtors over the past years, Ernst & Young has developed a
reserve of institutional knowledge related to the Debtors'
business, finances, operations, systems, and capital structure,
Mr. Shiba points out.

Thus, Mr. Shiba relates, the services of Ernst & Young are
necessary for the Debtors to maximize the value of their estates
and to reorganize successfully.  

As the Debtors' accountant, Ernst & Young will:

   -- audit and report on the Debtors' consolidated financial
      statements for the year ended December 31, 2007;

   -- review the Debtors' unaudited interim condensed
      consolidated financial statements; and

   -- periodically perform research and consultations for the
      Debtors regarding financial accounting and auditing
      matters and participate in all scheduled meetings of the
      Debtors' Audit Committee, as requested.

Ernst & Young will also perform various tax services on a
project by project basis as authorized by the Debtors.  The
projects may include assistance with tax issues, transactional
issues, or the Debtors' dealings with tax authorities.  Specific
tasks that may be required of Ernst & Young in connection with
the Tax Services include:

   -- participation in meetings and telephone calls with the
      Debtors;

   -- participation in meetings and telephone calls with taxing
      authorities and other third parties; and

   -- review of transactional documentation, research of
      technical issues, and the preparation of technical
      memoranda, letters, e-mails, and other written
      documentation.

The Debtors will pay for Ernst & Young's services on an hourly
basis:

     Professionals                Hourly Rate
     -------------                -----------
     Partners and Principals      US$530 to US$800
     Senior Managers              US$435 to US$540
     Managers                     US$275 to US$340
     Seniors                      US$195 to US$270
     Staff                        US$105 to US$170

The Debtors will also reimburse the firm for any direct and
reasonable out-of-pocket expenses it incurs in connection its
retention with the Debtors.

Mr. Shiba notes that as of Oct. 8, 2007, the Debtors don't owe
Ernst & Young any outstanding balance with respect to services
the firm provided prior to the Petition Date.  The Debtors tell
the Court that during the 90 days immediately preceding the
Petition Date, they paid to Ernst & Young fees totaling
US$490,713.

Ernst & Young has advised the Debtors that it will coordinate
with the other retained professionals in the Debtors' bankruptcy
cases to eliminate unnecessary duplication or overlap of work.

Thomas R. Ertel, a partner of Ernst & Young, assures the Court
that his firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code.  The firm do not have
an interest materially adverse to the Debtors' estates,
according to Mr. Ertel.  

None of the services Ernst & Young rendered to other entities
are related to the firm's contemplated services with the Debtors
and their Chapter 11 cases, Mr. Ertel adds.

                    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 US$919,736,000 and total liabilities of
US$1,265,648,000.  
(Remy Bankruptcy News; Issue No. 5, Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


S. D. F. FABRICATIONS: Joint Liquidators Take Over Operations
-------------------------------------------------------------
G. Mummery and G. Rowley of Vantis Business Recovery Services
were appointed joint liquidators of S. D. F. Fabrications Ltd.
on Oct. 27 for the creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

         Vantis Business Recovery Services
         43-45 Butts Green Road
         Hornchurch
         Essex
         RM11 2JX
         England


STRETTON BUSINESS: Names Timothy Colin Hamilton Ball Liquidator
---------------------------------------------------------------
Timothy Colin Hamilton Ball of Mazars LLP was appointed
liquidator of Stretton Business Services Ltd. on Oct. 15 for the
creditors' voluntary winding-up procedure.

The liquidator can be reached at:

          Mazars LLP
          Clifton Down House
          Beaufort Buildings
          Bristol
          BS8 4AN
          England


VIRGIN MEDIA: Seeks Divestment of BSkyB's Entire 17.9% ITV Stake
----------------------------------------------------------------
Virgin Media Inc. (fka NTL Inc.) has recommended that British
Sky Broadcasting plc be required by the Competition Commission
to divest its entire 17.9% stake in ITV plc.

         Competition Commission's Provisional Findings

On Oct. 2, 2007, the Competition Commission has published its
provisional findings in the BSkyB/ITV inquiry.

The CC has provisionally found that the acquisition by BSkyB of
a 17.9% share in ITV restricts competition and therefore
operates against the public interest.

The CC has concluded that BSkyB's shareholding in ITV would be
likely to lead to a substantial lessening of competition (SLC)
by giving it the ability to influence ITV's strategy.  It has
also concluded that the acquisition will have no adverse effect
on the sufficiency of plurality.

The CC is considering three remedies options, including:

   -- complete divestment of BSkyB's shareholding in ITV;
   -- partial divestment of that shareholding; and
   -- behavioral remedies to accompany partial divestment.

                        BSkyB's Response

According to BSkyB, the SLC finding is based solely upon certain
specific potential effects which the CC considers that its
present shareholding could have on certain hypothetical
competitive strategies of ITV.  These are essentially strategies
which might require ITV's board to seek shareholder approval by
means of a specific special resolution (in relation to the
waiver of pre-emption rights), in order to be able to implement
them.  The need to factor in the possibility that BSkyB's votes
cast against such a special resolution might cause it to fail is
considered by the CC sufficient to induce ITV's board not to
pursue such a competitive strategy against BSkyB's wishes.  The
CC's findings of fact suggest that, on the basis of past voting
patterns, BSkyB's votes could be expected to be sufficient to
block a special resolution, but only just sufficient for that
purpose (in contrast to BSkyB's evidence that its votes could be
expected to be insufficient to block a special resolution).  It
must therefore follow that a relatively small reduction in
BSkyB's voting power would be sufficient to enable the ITV
directors to be confident that BSkyB could not block a special
resolution on a matter of ITV's competitive strategy.

Such a reduction would, on the CC's analysis, be sufficient to
prevent the SLC and its adverse effects identified in the PF
and, furthermore, would cause BSkyB no longer to have material
influence over ITV, thereby unwinding the merger situation
created by the acquisition.

Such a reduction in BSkyB's voting power could be achieved by
the simple and well-established structural mechanism of
disposing of the voting rights which give rise to the CC's
provisional finding of material influence (i.e., relating to
shareholder votes concerning the waiver of pre-emption rights)
and consequent SLC by placing them in a voting trust with a
respected institutional trustee. ["] A draft voting trust
deed prepared for this purpose can be provided to the CC.  This
arrangement would, in BSkyB's submission, represent an effective
and appropriate remedy, constituting a complete solution to the
SLC and each of its adverse effects.  It represents a structural
solution and would require no monitoring by the OFT or CC, since
the exercise of the voting rights attributable to the shares
held by BSkyB would be transparent to ITV and to the market.

It would not be necessary or proportionate to vest the entirety
of the voting rights in respect of the shares comprised in the
voting trust in the trustee.  There is no suggestion in the PF
that BSkyB could block an ordinary resolution, so only those
voting rights which account for BSkyB's alleged ability to block
special resolutions relating to a waiver of pre-emption rights
need be so vested.  Furthermore, it is necessary to overcome the
SLC only to reduce BSkyB's voting rights in respect of
resolutions which are relevant to the competitive strategy of
ITV.

                       BSkyB's Proposal

BSkyB would suggest that the percentage of shares in ITV in
respect of which voting rights vest in the trustee be no more
than is necessary to render the retained rights insufficient to
block a special resolution relating to a waiver of pre-emption
rights.  The CC's analysis in the PF suggests that as little as
2.3% of the shares would be sufficient to achieve this.  
However, in order to allow a sufficient margin for certainty,
BSkyB would propose that 3% of its shares are made subject to
the voting trust.  The remaining shareholding of 14.9% is
clearly insufficient, on any reasonable basis of calculation, to
block a special resolution.  A voting trust arrangement such as
that described would be equally workable, irrespective of the
precise percentage of shares and the precise definition of
voting rights to which it applies.

The divestment of the entire shareholding would potentially be
costly, not only for BSkyB, in terms of the proceeds of such
sale potentially realizing a loss on the investment, but also
for other ITV shareholders as a result of the effect on the
market price of ITV of BSkyB being a forced seller of its entire
stake.

The same considerations apply in substance to a partial
divestment.  Since it is purely BSkyB's voting rights which give
rise to material influence and the SLC, it is disproportionate
to require a divestment of the economic rights in the shares.
The cost categories of such a remedy are the same, though the
quantum or risk in each case may be commensurately lower.  Since
it is clear from the PF that BSkyB's shareholding is only just
sufficient to create a relevant merger and to bring about an
SLC, the divestment of a small percentage of ITV's shares would
represent an effective remedy and a comprehensive solution.
While the analysis in the PF suggests that divestment of as
little as 2.3% would achieve this, a divestment sufficient to
leave BSkyB with a 14.9%  shareholding in ITV would do so with a
very substantial margin for error.

                Virgin Media's Response

However, Virgin Media believes the simplest and most clear cut
remedy to address the identified substantial lessening of
competition is the divestment of BSkyB's entire shareholding in
ITV.  This is the only remedy that would be consistent with the
objective of restoring the competitive status quo ante and
removing the influence of BSkyB over ITV's strategic thinking
and decision making.

A reduction in BSkyB's shareholding in ITV to below 15%, to say
14.9 per cent (a reduction in BSkyB's stake of only 3 percentage
points) would make no practical difference to the factors
identified by the CC in its Provisional Findings as giving rise
to the substantial lessening of competition:

   (a) BSkyB would still be able to vote shares representing
       almost 21% of votes cast in general meeting.  BSkyB would
       need shareholders holding only 2.9% of ITV's shares to
       vote with it in order to block a special resolution of
       ITV in circumstances in which up to 4.9% of votes were   
       cast against resolutions at the last ITV AGM.

   (b) BSkyB would remain by far the largest shareholder in ITV,
       with a shareholding of almost double that of the second
       largest shareholder.  This would leave BSkyB with very
       significant scope to act as a "disruptive shareholder" in
       voting on ordinary and special resolutions and on other
       strategic matters.  This threat would be more than
       sufficient to cause the ITV Board to seek to avoid such
       conflict as far as possible in designing and implementing
       its strategy.

   (c) such a limited divestment would do nothing to address
       BSkyB's industry knowledge and standing, and its ability
       to discuss strategic matters with other ITV shareholders
      (in particular those with cross-holdings in BSkyB and/or
       NewsCorp) and influence their voting behaviour on key
       issues;

   (d) recent empirical research into the ability of minority
       shareholders to determine the strategic decisions and
       policy of investee companies shows that a shareholding at
       this level is more than sufficient to allow an activist  
       shareholder to influence strategic decisions; and

   (e) with any shareholding above 10%, BSkyB would remain able,
       on its own, to determine the strategic future of ITV,
       since any shareholding at or above 10% would allow BSkyB
       to block the "squeeze out" of minority shareholders under
       a takeover offer.  

As in the case of a reduction to below  15%, there are a number
of reasons why a shareholding of just 15%, there are a number of
reasons why a shareholding of just below 10% would fail to
address the identified substantial lessening of competition:
       
   (a) BSkyB would still remain ITV's largest single shareholder
       by some margin and its ability to use that position,
       together with its industry knowledge and standing, to
       influence other shareholders would be unaffected;

   (b) such a divestment would do nothing to prevent BSkyB's
       ability to act as a "disruptive shareholder" and thereby
       influence the Board of ITV in designing and implementing
       its strategy;

   (c) recent empirical research into the ability of minority
       shareholders to determine the strategic decisions and
       policy of investee companies shows that a shareholding at
       this level is more than sufficient to allow an activist
       shareholder to influence strategic decisions; and

   (d) a divestment to 9.9% would not prevent BSkyB from
       influencing the course of any future transactions
       involving ITV.  This is because even this level of
       shareholding would effectively allow BSkyB to block the
       squeeze out of minority shareholders under a takeover
       offer.

In summary, even at a shareholding of just below 10%, there
remains a very material risk that BSkyB will continue to be able
to exert unwarranted influence over the strategic decisions of
ITV.  This is not a risk that the CC should be prepared to
accept when seeking to remedy, on a permanent basis (and without
any remaining doubt), the identified substantial lessening of
competition.  Accordingly, the only acceptable remedy in this
case would be for BSkyB to be required to divest its entire
stake in ITV.

This being the case, Virgin Media does not consider that
behavioral remedies either alone or in conjunction with a
partial divestment would be sufficient to remedy, on a permanent
basis, the identified substantial lessening of competition.

As previously reported in the TCR-Europe on May 3, 2007, Virgin
Media could renew its takeover bid for ITV should BSkyB decide
to sell the shareholding.

The Scotsman says BSkyB bought the ITV stake for GBP900 million
in November 2006 in an attempt to block NTL from acquiring it.

                        About Virgin Media

Headquartered in London, England, Virgin Media Inc. (fka NTL
Inc.) (NASDAQ: VMED) -- http://virginmedia.com/-- provides
broadband, digital television, telephony, content and
communications services, reaching over 50% of the U.K. homes and
85% of the U.K. businesses.

                          *   *   *

As reported in the TCR-Europe on Aug. 13, 2007, Moody's
Investors Service changed the outlook on the ratings of
Virgin Media Inc. to negative from stable.

The ratings affected are:

Virgin Media Inc.

   -- Corporate Family Rating at Ba3

Virgin Media Investment Holdings Ltd.

   -- Tranches A / B senior secured facility at Ba2

   -- Trance C second lien facility at B2

Virgin Media Finance plc.

   -- Senior notes at B2

In April 2007, in connection with the implementation of Moody's
Investors Service's new Probability-of-Default and Loss-Given-
Default rating methodology for the existing non-financial
speculative-grade corporate issuers in Europe, Middle East and
Africa, the rating agency confirmed its Ba3 Corporate Family
Rating for Virgin Media Inc.

Moody's also assigned a Ba3 Probability-of-Default Rating to the
company.

In March 2007, Standard & Poor's Ratings Services affirmed its
'BB-' senior secured debt rating and '1' recovery rating on
Virgin Media Investment Holdings Ltd.'s GBP4.98 billion senior
secured facilities.


* BOND PRICING: For the Week Oct. 29 to Nov. 2, 2007
----------------------------------------------------
Issuer                    Coupon   Maturity   Currency   Price
------                    ------   --------   --------   -----

AUSTRIA
-------
Kommunal Kredit
  Austria AG              0.500    03/15/19     CDN      71.96
                          0.250    10/14/26     CDN      38.74
Republic of Austria       4.000    06/22/22     EUR      71.96
                          0.396    08/04/25     EUR      65.85
                          5.243    10/10/25     EUR      57.95

FINLAND
-------
Muni Finance PLC          1.000    03/19/13     AUD      72.43
                          0.500    04/26/13     AUD      68.80
                          1.000    11/21/16     NZD      55.59
                          1.000    10/30/17     AUD      56.96
                          0.500    09/24/20     CDN      57.17
                          0.250    06/28/40     CDN      20.10

FRANCE
------
Accor S.A.                1.750    01/01/08     EUR      65.98
Alcatel S.A.              4.750    01/01/11     EUR      16.09
Altran Technologies S.A.  3.750    01/01/09     EUR      12.65
BNP Paribas               0.250    12/20/14     US$      71.28
CAP Gemini S.A.           2.500    01/01/10     EUR      54.87
                          1.000    01/01/12     EUR      49.45
Club Mediterranee S.A.    3.000    11/01/08     EUR      66.35
                          4.375    11/01/10     EUR      54.87
FCC Rome Alliance
    Funding               2.256    01/08/21     EUR      74.42
Havas S.A.                4.000    01/01/09     EUR      10.86
Infogrames
   Entertainment S.A.     1.500    04/01/09     EUR      00.50
Maurel & Prom             3.500    01/01/10     EUR      22.22
Publicis Group            0.750    07/17/08     EUR      30.44
                          1.000    01/18/18     EUR      43.66
Rallye                    3.750    01/01/08     EUR      53.93
Rhodia S.A.               0.500    01/01/14     EUR      43.87
Scor S.A.                 4.125    01/01/10     EUR       2.29
Soc Air France            2.750    04/01/20     EUR      28.42
Soitec                    4.625    12/20/09     EUR      12.72
Thomson (EX-TMM)          1.000    01/01/08     EUR      39.56
Valeo                     2.375    01/01/11     EUR      49.38
Vivendi Universal S.A.    1.750    10/30/08     EUR      31.95
Wavecom S.A.              1.750    01/01/14     EUR      25.80
Wendel Invest S.A.        2.000    06/19/09     EUR      47.38

GERMANY
-------
KfW Bankengruppe          0.500    10/30/13     AUD      67.05
                          0.500    12/19/17     EUR      67.61
                          5.000    05/23/20     EUR      74.66
                          1.250    07/07/20     EUR      72.75
                          1.250    07/29/20     EUR      73.53
                          6.000    07/21/25     EUR      68.56
                          5.000    09/01/25     EUR      72.36
                          8.000    08/10/30     EUR      66.91
Landeskreditbank Baden-
   Wuerttemberg Foerderbk 0.500    05/10/27     CDN      42.94
Landwirtschaftliche
   Rentenbank AG          1.000    03/29/17     NZD      54.47

GREECE
------
Hellenic Republic         6.000    07/06/25     EUR      66.43
                          6.000    07/06/25     EUR      67.99
                          6.000    07/06/25     EUR      72.23

ICELAND
-------
Kaupthing Bank            6.500    02/03/45     EUR      69.00

IRELAND
-------
Depfa ACS Bank            0.500    03/03/25     CDN      46.72
                          0.250    07/08/33     CDN      27.37
Magnolia Finance IV Plc   1.050    12/20/45     US$      28.84

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      32.42

NETHERLANDS
-----------
ABN AMRO Bank N.V.        6.250    06/29/35     EUR      69.50
BK Ned Gemeenten          0.500    06/27/18     CDN      63.05
                          0.500    02/24/25     CDN      46.73
EM.TV Finance B.V.        5.250    05/08/13     EUR       6.37
Energy Group O/S          7.425    10/15/17     US$      32.50
Lehman Bros TSY B.V.      7.000    05/17/35     EUR      64.00
                          7.250    10/05/35     EUR      56.88
                          6.000    11/02/35     EUR      60.76
Ned Waterschapbk          6.000    06/01/35     EUR      71.31
                          6.500    08/15/35     EUR      63.05
Parmalat Finance B.V.     5.500    03/30/09     EUR      27.98
Rabobank Groep N.V.       6.000    04/08/20     EUR      73.38
                          6.000    02/22/35     EUR      67.02
                          7.000    02/28/35     EUR      69.71
                          7.000    03/23/35     EUR      64.09
                          6.000    05/09/35     EUR      72.69

NORWAY
------
Kommunalbanken A.S.       0.500    02/07/13     AUD      69.86

SWEDEN
------
AB Svensk Export          0.500    03/27/13     AUD      70.14

SWITZERLAND
-----------
UBS AG                    1.000     12/21/11    NZD      74.73
                          1.000     01/25/12    NZD      74.29
                          1.000     02/27/12    NZD      73.88
                          1.000     03/28/12    NZD      73.49
                          1.000     06/28/12    NZD      72.37
                          1.000     07/30/12    NZD      71.98

UNITED KINGDOM
--------------
Anglian Water
   Finance Plc            2.400     04/20/35    GBP      54.88
Bank of Scotland          6.000     02/07/35    EUR      68.25
HSBC Bank Plc             0.500     07/31/17    US$      64.51
                          0.500     07/31/17    EUR      66.58
National Grid Gas Plc     1.754     10/17/36    GBP      44.98
                          1.771     03/30/37    GBP      44.93
Royal BK Scotland Plc     0.250     03/27/14    US$      73.74
                          9.500     04/04/25    US$      70.07
                          7.000     06/09/25    EUR      62.13
                          7.000     06/29/30    EUR      56.08
                          6.500     02/23/45    EUR      62.64
TXU Eastern Funding Plc   6.750     05/15/09    US$       3.25
Wessex Water Finance Plc  1.369     07/31/57    GBP      29.72

                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices
are obtained by TCR editors from a variety of outside sources
during the prior week we think are reliable.  Those sources may
not, however, be complete or accurate.  The Monday Bond Pricing
table is compiled on the Friday prior to publication.  Prices
reported are not intended to reflect actual trades.  Prices for
actual trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy
or sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies
with insolvent balance sheets whose shares trade higher than
US$3 per share in public markets.  At first glance, this list
may look like the definitive compilation of stocks that are
ideal to sell short.  Don't be fooled.  Assets, for example,
reported at historical cost net of depreciation may understate
the true value of a firm's assets.  A company may establish
reserves on its balance sheet for liabilities that may never
materialize.  The prices at which equity securities trade in
public market are determined by more than a balance sheet
solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com

Each Friday's edition of the TCR includes a review about a book
of interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/booksto order any title today.

                            *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter -- Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Jazel P. Laureno, Julybien Atadero, Carmel Zamesa
Paderog, Joy Agravante, Zora Jayda Zerrudo Sala, Kristina A.
Godinez, and Pius Xerxes Tovilla, Editors.

Copyright 2007.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without
prior written permission of the publishers.

Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.

The TCR Europe subscription rate is US$625 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for
members of the same firm for the term of the initial
subscription or balance thereof are US$25 each. For subscription
information, contact Christopher Beard at 240/629-3300.


                 * * * End of Transmission * * *