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        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

            Tuesday, November 6, 2007, Vol. 8, No. 220

                            Headlines


A U S T R I A

COPER GEBAUDEMANAGEMENT: Claims Registration Period Ends Nov. 20
EDV-ZUBEHOER: Vienna Court Orders Business Shutdown
GRAD BAU: Claims Registration Period Ends Nov. 28
PRUCHA LLC: Claims Registration Period Ends Dec. 4
SOBEX HANDEL: Claims Registration Period Ends Dec. 4

WERRIS HANDEL: Claims Registration Period Ends Nov. 29


B E L G I U M

CHEMTURA CORP: Earns US$2 Million in 2007 Third Quarter
CHIQUITA BRANDS: Shutting Down Fresh Express Greencastle Plant
METHANEX CORP: CEO Bruce Aitken to Buy 35,000 Additional Shares
POPE & TALBOT: PricewaterhouseCoopers Appointed as Monitor
POPE & TALBOT: Seeks Access to US$15 Million Postpetition Loan

TENNECO INC: Commences US$230 Mln Tender Offer for 10-1/4% Notes
TENNECO INC: Fitch Rates New Senior Unsecured Notes at BB-
TENNECO INC: S&P Rates Proposed US$250 Mln Senior Notes at B+


D E N M A R K

BLOCKBUSTER INC: Posts US$35 Mln Net Loss in Qtr. Ended Sept. 30


F I N L A N D

COMVERSE TECH: Hires Lance Miyamoto as Exec. VP for Global HR


F R A N C E

FRESH DEL MONTE: Discloses 12,000,000 Ordinary Shares Offering
FRESH DEL MONTE: S&P Puts 'BB-' Rating Under Positive Watch
PRIDE INT'L: Earns US$401.5 Million for Quarter Ended Sept. 30


G E R M A N Y

BELINAS GMBH: Claims Registration Ends December 10
CHRYSLER LLC: Eyes Product & Plant Changes in North America
CHRYSLER LLC: Overall October 2007 U.S. Sales Down 9%
DACHDECKERFACHBETRIEB JENS: Claims Registration Ends December 11
DIE MOEBEL-TENNE: Claims Registration Ends December 10

ECOVATEC GMBH: Claims Registration Period Ends Dec. 5
FOOD & ROOM: Claims Registration Period Ends Nov. 30
IDEENKUECHE HANDELS: Claims Registration Period Ends Nov. 19
IMLINE GESELLSCHAFT: Claims Registration Period Ends Nov. 21
JOHS BAU: Claims Registration Ends December 10

KLEINERT BAU: Claims Registration Period Ends Nov. 29
MBOXX GMBH: Claims Registration Ends December 13
MICHAEL SAUPE: Claims Registration Ends December 12
NETVITAL MANAGEMENT: Claims Registration Period Ends Nov. 20
ORTHOPADIE-TECHNIK KNOP: Claims Registration Ends December 3

SPECTRUM BRANDS: Completes Sale of Canadian Home & Garden Unit
TECHNISCHER ABBRUCH: Creditors' Meeting Slated for November 30
TELECENTA GMBH: Claims Registration Period Ends Nov. 20
TERRA DOM: Claims Registration Period Ends Dec. 3


H U N G A R Y

ARVINMERITOR INC: Appoints Art Waldowski as VP of Purchasing


I T A L Y

ALITALIA SPA: Sept. 30 Group Net Climb to EUR1.17 Billion


K A Z A K H S T A N

AKTOBE WIDE: Creditors Must File Claims by December 11
ALLIANCE STROY: Proof of Claim Deadline Slated for December 7
BAIKAL ENERGOMARKET: Claims Filing Period Ends December 11
ENGINEERING PROJECT:  Atkube Court Opens Bankruptcy Proceedings
TRANSIT CONTRACT-EXPO: Claims Registration Ends December 7


K Y R G Y Z S T A N

STAR DEVELOPERS: Proof of Claim Deadline Slated for December 12


L U X E M B O U R G

CA INC: Earns US$137 Million in Quarter Ended Sept. 30


N E T H E R L A N D S

FIRST DATA: Completes Check Forte Acquisition
HEXION SPECIALTY: Closes German Resins Business Acquisition
IMPRESS HOLDINGS: Moody's May Lift Low-B Ratings After Review
TRONOX INC: Posts US$19.1 Mln Net Loss in Quarter Ended Sept. 30


N O R W A Y

NORSKE SKOGINDUSTRIER: Moody's Cuts Corp. Family Rating to Ba2


P O L A N D

AFFILIATED COMPUTER: Earns US$66.1 Mln in Quarter Ended Sept. 30
DAEWOO MOTOR: To Resume Production of Honker Cars at Lublin


R U S S I A

AUTOTECHSUPPLY LLC: Creditors Must File Claims by Dec. 27
BALTAUTOMATIKA-EM CJSC: Bankruptcy Hearing Slated for Jan. 23
BUCYRUS INT'L: Paying US$0.05 Per Share Quarterly Dividend
DISTILLERY ZAVODOUKOVSKIJ: Creditors Must File Claims by Dec. 27
HYNIX SEMICONDUCTOR: Signs Consulting Deal with Ecoeye

INDUSTRIAL INVESTMENT: Creditors Must File Claims by Dec. 27
KEDR LLC: Creditors Must File Claims by Dec. 27
KOLKHOZ ZHIGULI: Creditors Must File Claims by Dec. 27
MEDEO LLC: Creditors Must File Claims by Dec. 27
MOLOT CJSC: Creditors Must File Claims by Dec. 27

NEVSKAYA LLC: Creditors Must File Claims by Nov. 27
PERVOMAYSKIJ OJSC: Asset Sale Slated for Nov. 27
SEMENOVSKAYA PAINTING: Asset Sale Slated for Nov. 27
SKOROHOD OJSC: Creditors Must File Claims by Dec. 27
SPECSERVICE CJSC: Creditors Must File Claims by Dec. 27

TATNEFT OAO: Earns RUR16.49 Billion in First Half 2007
TRIANGLE OJSC: Creditors Must File Claims by Dec. 27
URAL EXPLORER: Creditors Must File Claims by Dec. 27


S P A I N

BANKINTER 3 FTPYME: Moody's Junks EUR17.4 Million Series E Notes


S W E D E N

AVNET INC: To Combine Acquired ChannelWorx Pty with Avnet Tech
BOMBARDIER INC: Fitch Affirms Low-B Ratings and Revises Outlook


U K R A I N E

BER LLC: Creditors Must File Claims by November 8
CAPITAL PLUS: Creditors Must File Claims by November 9
ILMETSERVICE LLC: Creditors Must File Claims by November 9
UKRAINE SHPOLA: Creditors Must File Claims by November 9
UKRMEDPROM: Proofs of Claim Filing Ends November 8


U N I T E D   K I N G D O M

ACHTERBAHN LTD: Names Richard Dixon Fleming Liquidator
ACXIOM CORP: Declares Quarterly Dividend of 6 Cents Per Share
BRITISH AIRWAYS: Earns GBP487 Mln for 6-Months Ended Sept. 2007
COMM-STRUCT LTD: Claims Filing Period Ends November 30
EBDY ELECTRICAL: Taps Joint Administrators from Tenon

EMI GROUP: Terra Firma Eyes Artists' Compensation Overhaul
EMI GROUP: Appoints Mike Clasper & Billy Mann to Investor Board
FLOWSERVE CORP: Earns US$63 Million in Third Quarter 2007
FORD MOTOR: UAW Ford National Council Urges Pact Ratification
GENERAL MOTORS: Total Sales Up by 3% in October 2007

HPC CONSULTANCY: Brings In Liquidators from Vantis Business
INCO LTD: Raising Nickel Output by 11% to 290,000 Tonnes in 2008
INFINITY MOTORCYCLES: Allan Geoffrey Appoints Receivers from BDO
INTO TECHNOLOGY: Brings In Administrators from BDO Stoy
J.S. CHINN: Barclays Bank Taps PwC as Administrative Receivers

JACKSON MAINE: Appoints Tenon Recovery to Administer Assets
L J LININGS: Claims Filing Period Ends December 3
REMY WORLDWIDE: Taps Greenberg Traurig as Special Counsel
REMY WORLDWIDE: Taps Huron Consulting as Financial Consultant
RUBY FINANCE: Moody's Cuts Rating to Ba2 on Two Note Classes

SCO GROUP: Seeks Court OK to Hire Mesirow as Financial Advisor
SCO GROUP: U.S. Trustee Balks at Retention of Mesirow as Advisor
TOWN LTD: J. M. Titley Leads Liquidation Procedure

* Large Companies with Insolvent Balance Sheet


                            *********



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


COPER GEBAUDEMANAGEMENT: Claims Registration Period Ends Nov. 20
----------------------------------------------------------------
Creditors owed money by LLC Coper Gebaudemanagement (FN 166614x)
have until Nov. 20 to file written proofs of claim to court-
appointed estate administrator Valentin Piskernik at:

         Mag. Valentin Piskernik
         Hochstrasse 31
         2380 Perchtoldsdorf
         Austria
         Tel: 01/86 93 888
         Fax: 01/86 91 660-33
         E-mail: anwalt@aon.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:00 a.m. on Dec. 4 for the
examination of claims.

The meeting of creditors will be held at:

         The and Court of Wiener Neustadt
         Room 15
         Wiener Neustadt
         Austria

Headquartered in Wiener Neudorf, Austria, the Debtor declared
bankruptcy on Oct. 3 (Bankr. Case No. 11 S 106/07k).


EDV-ZUBEHOER: Vienna Court Orders Business Shutdown
---------------------------------------------------
The Trade Court of Vienna entered Oct. 1 an order shutting down
the business of LLC EGKF EDV-Zubehoer Handels (FN 94577i).

Court-appointed estate administrator Karl Schirl 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. Karl Schirl
         c/o  Mag. Markus Siebinger
         Krugerstrasse 17/3
         1010 Vienna
         Austria
         Tel: 513 22 31
         Fax: 513 22 31-1
         E-mail: dr.karl.schirl@der-rechtswanwalt.at  

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Sept. 6 (Bankr. Case No 2 S 126/07b).  Markus Siebinger
represents Dr. Schirl in the bankruptcy proceedings.


GRAD BAU: Claims Registration Period Ends Nov. 28
-------------------------------------------------
Creditors owed money by LLC GRAD Bau (FN 258081g) have until
Nov. 28 to file written proofs of claim to court-appointed
estate administrator Ilse Korenjak at:

         Dr.  Ilse Korenjak
         Gusshausstrasse 6
         1040 Vienna
         Austria
         Tel: 512210
         Fax: 5122102-20
         E-mail: office@buresch-korenjak.at  

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:00 a.m. on Dec. 12 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 166
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Oct. 4 (Bankr. Case No. 4 S 114/07b).  


PRUCHA LLC: Claims Registration Period Ends Dec. 4
--------------------------------------------------
Creditors owed money by LLC Prucha (FN 98439p)have until Dec. 4
to file written proofs of claim to court-appointed estate
administrator Walter Kainz at:

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

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 12:30 a.m. on Dec. 18 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1701
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Oct. 4  (Bankr. Case No. 6 S 128/07a).  


SOBEX HANDEL: Claims Registration Period Ends Dec. 4
----------------------------------------------------
Creditors owed money by LLC Sobex Handel (FN 238953b) have until
Dec. 4 to file written proofs of claim to court-appointed estate
administrator Erwin Senoner at:

         Dr. Erwin Senoner
         c/o Dr. Georg Freimueller
         Alser Strasse 21
         1080 Vienna
         Austria
         Tel: 406 05 51
         Fax: 406 96 01
         E-mail: kanzlei@jus.at   
  

Creditors and other interested parties are encouraged to attend
the creditors' meeting at noon on
Dec. 18  for the examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1701
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Oct. 2  (Bankr. Case No. 6 S 111/07a).  Georg Freimueller
represents Dr. Senoner in the bankruptcy proceedings.


WERRIS HANDEL: Claims Registration Period Ends Nov. 29
------------------------------------------------------
Creditors owed money by LLC WERRIS Handel (FN 188628w) have
until Nov. 29 to file written proofs of claim to court-appointed
estate administrator Stephan Riel at:

         Dr. Stephan Riel
         c/o Dr. Johannes Jaksch
         Landstrasser Hauptstrasse ˝
         1030 Vienna
         Austria
         Tel: 713 44 33
         Fax: 713 10 33
         E-mail: kanzlei@jsr.at     

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:30 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. 4 (Bankr. Case No. 5 S 117/07a).  Johannes Jaksch
represents Dr. Riel in the bankruptcy proceedings.


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


CHEMTURA CORP: Earns US$2 Million in 2007 Third Quarter
-------------------------------------------------------
Chemtura Corporation reported net earnings of US$2 million for
the third quarter of 2007 and net earnings on a non-GAAP basis
of US$19 million.

Net earnings for the quarter include earnings from continuing
operations of US$4 million; and loss on the sale of discontinued
operations of US$2 million.  On a non-GAAP basis, net earnings
include income from continuing operations of US$19 million.

"Our third quarter results demonstrated revenue growth of 9%, a
17% improvement in operating income and pre-tax earnings up 38%
on a non-GAAP basis compared with the third quarter of 2006,"
said Robert L. Wood, chairman and Chief Executive Officer.

"Three of our four business units showed improvement in both
revenue and operating income.  Crop Protection and Consumer
Products demonstrated particularly strong performance.  
Performance Specialties is also delivering on revenue and
earnings growth as well as the initial benefits of the Kaufman
acquisition."

"The shortfall in our earnings expectation was driven by a
decline in gross profit margins from 24% to 22%.  The decline
was principally focused in our Polymer Additives business where
we saw lower demand from electronics end markets (which impacts
our flame retardant products line in particular), continuing
weakness in building and construction, and higher raw material
costs, served to erode margins.  Despite the weakness in these
markets, Polymer Additives revenue grew by 4% in the quarter led
by a 19% increase in PVC Additives revenues.  Looking forward to
the fourth quarter, we are encouraged by increased orders in
September and October from the electronics industry, which is
usually seasonally strong in the fourth quarter."

"Finally, we continued to make progress with our cost reduction
initiatives.  SGA&R was down 7% compared to third quarter, 2006.
SGA&R for the quarter was 12% of net sales compared to 13% of
net sales in the same quarter of 2006.  Our focus remains on
performance improvement despite headwinds related to
electronics, construction demand and continuing raw material
cost pressure.  I remain confident that our underlying
performance will continue to improve and that the second half of
2007 will be better than the same period in 2006."

The company’s total debt as of Sept. 30, 2007 was US$1.0 billion
as compared with US$1,143 million at June 30, 2007.  This
decrease primarily reflects the repayment of certain of the
company’s committed working capital facilities.  Cash and cash
equivalents increased from US$76 million as of June 30, 2007 to
US$114 million as of Sept. 30, 2007.

                     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, USUSUS$500 million due 2016: Ba2 from Ba1;
      LGD4 (53%)

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

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


CHIQUITA BRANDS: Shutting Down Fresh Express Greencastle Plant
--------------------------------------------------------------
Chiquita Brands International will be closing subsidiary Fresh
Express' Greencastle plant by March 2008, Lauren McLane at The
Record Herald reports.

According to The Record, about 40 employees would be laid off at
the Greencastle distribution center.

The closure would be in the next couple of months, wrapping up
by the end of March 2008, The Record says, citing Fresh Express
media relations spokesperson Michael Mitchell.

Mr. Mitchell told The Record, "We acquired a farm in Harrisburg,
so we were able to look at the entire supply chain and decided
to close the distribution center in Greencastle."

The work currently done in Greencastle will chiefly be done in
Harrisburg.  Greencastle employees will be given chance to apply
for jobs in Harrisburg, or they will be offered a severance
package, The Record notes, citing Mr. Mitchell.

Chiquita Brands said in a press statement that shutting down the
facility in Greencastle, as well as one in Carrollton, will
lessen operating costs while further improving the freshness of
products it supplies to clients.

Greencastle-Antrim Chamber of Commerce director Bill Gour
commented to The Record, "Hopefully, the impact locally will be
short-lived.  Fortunately, there are a number of employers in
the area looking for employees, and Fresh Express's parent
company will be working with current employees to find places
for some within the organization.  Fresh Express has had a
visible presence in the community.  It is a long-time member in
good standing of the chamber.  It is going to be missed by the
community and by the chamber."

Franklin County Area Development Corp. head L. Michael Ross told
The Record, "It's always disappointing news when we hear a
company is looking to downsize in Franklin County.  Fresh
Express was a victim of corporate restructuring.  Like they say
in gangster movies, ‘It's nothing personal, it's just
business.'"

FCADC had failed to "establish the type of working relationship
with Fresh Express that it has with other businesses in the
county," The Record says, citing Mr. Ross.  However, he said
that the resources of FCADC will still be available for Fresh
Express and its employees.

"Our services will be available to Chiquita, including our rapid
response team," Mr. Ross commented to The Record.  The response
team helps coordinate with the state Department of Labor and
Industry to make arrangements for laid off workers.  The FCADC
will offer to help find another tenant for the facility.

"Obviously, it's designed to be a food processing plant, but
there is enough flexibility in the design that it could be
retro-fitted for other purposes.  Its location is perfect and
the utilities are there, which is huge," Mr. Ross told The
Record.

Chiquita Brands may not sell or lease the building right away,
The Record states, citing Mr. Ross.  The company has more
resources compared to most firms.

                    About Fresh Express

Fresh Express is the No. 1 brand of value-added salads, with a
total U.S. market share of approximately 47 percent.  Through
this acquisition of Verdelli Farms' modern manufacturing
capabilities and efficient distribution capacity, Fresh Express
will be able to expand its share in the Northeast from
approximately 30% today and gain an effective platform for
growth in this important region.  In addition, the acquisition
will allow Fresh Express to gain networkwide cost synergies in
distribution and logistics costs while achieving up to a two-day
improvement in the freshness of salads it delivers to customers
and consumers in the Northeast.

Harrisburg, Pa.-based Verdelli Farms is a third-generation,
family-owned business founded in 1924.  The company employs
approximately 400 people and has annual revenues of
approximately US$80 million.  In 2006, the company produced more
than 8 million cases of fresh salads, vegetables and fruit
snacks for more than 80 customers in 10 states from
Massachusetts to Virginia.

Fresh Express, a wholly owned subsidiary of Chiquita Brands
International, Inc., is the world's largest producer of fresh
salads.  With a rich history that traces its roots back to 1926
and the beginnings of the fresh produce industry in Salinas,
Calif., where the company is headquartered, Fresh Express is
recognized as a leader in food safety and as the creator of the
ready-to-eat fresh salad category.  Fresh Express is responsible
for a number of other important "firsts" in the fresh salad
category, including the first complete salad kit and the first
salad blend with multiple varieties of lettuces and greens.

                       About Chiquita

Cincinnati, Ohio-based Chiquita Brands International, Inc.
(NYSE: CQB) -- http://www.chiquita.com/-- markets and  
distributes fresh food products including bananas and nutritious
blends of green salads.  The company markets its products under
the Chiquita(R) and Fresh Express(R) premium brands and other
related trademarks.  Chiquita employs approximately 25,000
people operating in more than 70 countries worldwide including
Belgium, Columbia, Germany, Panama, Philippines, among others.

                        *     *     *

As reported in the Troubled Company Reporter on May 16, 2007,
Moody's Investors Service Ratings affirmed these ratings on
Chiquita Brands International Inc.: (i) corporate family rating
at B3; (ii) probability of default rating at B3; (iii) US$250
million 7.5% senior unsecured notes due 2014 at Caa2 (LGD5,
89%); and (iv)  US$225 million 8.875% senior unsecured notes due
2015 at Caa2 (LGD5, 89%).  Moody's changed the rating outlook
for Chiquita Brands to negative from stable.

Troubled Company Reporter reported on May 4, 2007, that Standard
& Poor's Ratings Services placed its 'B' corporate credit and
other ratings on Cincinnati, Ohio-based Chiquita Brands
International Inc. on CreditWatch with negative implications,
meaning that the ratings could be lowered or affirmed following
the completion of their review.  Total debt outstanding at the
company was about US$1.3 billion as of March 31, 2007.


METHANEX CORP: CEO Bruce Aitken to Buy 35,000 Additional Shares
---------------------------------------------------------------
Bruce Aitken, Methanex Corporation's president and chief
executive officer, plans to purchase about 35,000 additional
Methanex common shares.  The purchase will be funded by the
exercise of 164,000 Methanex stock options and is expected to
occur between Nov. 8, 2007, and the end of December 2007 through
the facilities of the Toronto Stock Exchange.

Methanex has in place Share Ownership Guidelines under which Mr.
Aitken is to hold Methanex common shares and share equivalents
having a value of at least five times his base salary.  
Subsequent to this intended purchase, Mr. Aitken will hold
approximately 365,000 Methanex common shares or share
equivalents and will continue to substantially exceed the Share
Ownership Guidelines.

Vancouver-based Methanex Corp. (Toronto: MX) (NASDAQGM: MEOH) --
http://www.methanex.com/-- is a publicly-traded company engaged  
in the production, distribution, and marketing of methanol.  The
company's stock also trate on foreign securities market of the
Santiago Stock Exchange in Chile under the trading symbol
"Methanex".  The company has locations in Belgium, Chile,
China, Japan, Trinidad, the United Kingdom, among others.

                          *     *     *

Moody's Investor Services' credit ratings for the company's
unsecured notes at Sept. 30, 2007, is Ba1.  Moody's said the
outlook is stable.


POPE & TALBOT: PricewaterhouseCoopers Appointed as Monitor
----------------------------------------------------------
The Honorable Justice Geoffrey B. Morawetz at the Superior Court
of Justice (Commercial List) for the Province of Ontario, in
Canada, appointed PricewaterhouseCoopers Inc. as the Pope &
Talbot Inc.'s monitor.

As an officer of the Court, PwC will monitor the Applicants'
property and the conduct of their business.  The Applicants and
their shareholders, officers, directors, and assistants are
required to advise the Monitor of all material steps taken by
the Applicants and to cooperate fully with the Monitor in the
exercise of its powers and discharge of its obligations.

The Monitor will not take possession of the Applicants' Property
and will take no part in the management or supervision of the
management of the Applicants' Business.

Specifically, the Monitor is directed and empowered to:

   (a) monitor the Applicants' and Partnerships' receipts and
       disbursements;

   (b) report to the CCAA Court at such times and intervals as
       the Monitor may deem appropriate with respect to matters
       relating to the Applicants, the Partnerships, the
       Property, the Business, and other matters as may be
       relevant to the CCAA proceedings;

   (c) assist the Applicants and the Partnerships, to the extent
       required by the Applicants and the Partnerships, in its
       dissemination to Wells Fargo Financial Corporation Canada
       and Ableco Finance LLC, the agents under their
       prepetition secured credit agreement, and their counsel
       of financial and other information as agreed to between
       the Applicants and the Partnerships and the Agents;

   (d) advise the Applicants in their preparation of the
       Applicants' cash flow statements, which information will
       be reviewed with the Monitor and delivered to the Agents
       and their counsel;

   (e) provide the Agents with information as may be reasonably
       requested;

   (f) advise the Applicants in their development of a Plan of
       Arrangement and any amendments to the Plan;

   (g) assist the Applicants with the conduct of any sale
       process to sell the Property and the Business or any part
       thereof to the extent requested by the Applicants;

   (h) assist the Applicants with the holding and administering
       of creditors' or shareholders' meetings for voting on the
       Plan;

   (i) have full and complete access to the books, records and
       management, employees and advisors of the Applicants and
       to the Business and the Property to the extent required
       to perform its duties arising under the Initial CCAA Stay
       Order;

   (j) engage independent legal counsel or other persons as
       the Monitor deems necessary or advisable respecting the
       exercise of its powers and performance of its
       obligations;

   (k) consider, and if deemed advisable by the Monitor, prepare
       a report and assessment on the Plan;

   (l) consider, and if deemed advisable by the Applicants and
       the Monitor, file necessary Chapter 15 proceedings as
       foreign representative of the Applicants and         
       Partnerships; and

   (m) perform other duties as are required by the Stay Order or
       by the CCAA Court from time to time.

Nothing in the Court's Order will prevent the Monitor from
acting as an interim receiver, a receiver, a receiver and
manager, or a trustee in bankruptcy of any of the Applicants,
their Business or Property.

The Monitor, its Canadian and U.S. counsel, as well as the
Applicants' Canadian and U.S. counsel, if any, are entitled to
the benefit of and are granted an administration charge on the
Applicants' Property, not exceeding US$3,000,000 in the
aggregate, as security for their professional fees and
disbursements incurred at the standard rates and charges of the
Monitor and the counsel.  The Administration Charge will have
the priority over certain other charges and claims on the
Applicants' estate.

                       About Pope & Talbot

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.  

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  (Pope & Talbot Bankruptcy News, Issue
No. 1; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


POPE & TALBOT: Seeks Access to US$15 Million Postpetition Loan
--------------------------------------------------------------
Pope & Talbot, Inc. and its subsidiaries are seeking
postpetition financing that will provide up to US$10,000,000 to
US$15,000,000 in operating funding, R. Neil Stuart, Pope &
Talbot's vice president and chief financial officer, said in an
affidavit filed with the Superior Court of Justice (Commercial
List) for the Province of Ontario, in Canada.

P&T Ltd. has been in negotiations with its lenders, Wells Fargo
Financial Corporation Canada and Ableco Financial LLC, regarding
the possibility of DIP financing during the CCAA proceedings,
according to Mr. Stuart.  As at the CCAA Petition Date, no DIP
financing has been agreed upon, he said.

Pope & Talbot has filed with the CCAA Court a cash flow forecast
for a 13-week period ending January 25, 2008.  The Company
expects spending $170,095,000 on account of operating expenses
and $9,170,000 on account of restructuring-related expenses.  
Pope & Talbot expects making $12,440,000 in total disbursements
for the week ending November 2.

The Company expects cash receipts to total $183,900,000 during
the period.

               Pope & Talbot, Inc. Cash Forecast
                     All Sites Consolidated
                13 Weeks Ending January 25, 2008

  Operating Cash Flow
    Cash Receipts                                $183,900,000

    Restructuring Charges                          (9,170,000)

    Operating Cash Disbursements
      Payroll, payroll taxes & benefits           (35,934,000)
      Raw Materials                               (74,048,000)
      Freight                                     (20,262,000)
      Pension Contribution                            (93,000)
      Capital Expenditures                         (1,733,000)
      Other                                       (38,024,000)
                                               --------------
    Total Operating Disbursements                (170,095,000)
                                               --------------
    Total Disbursements                          (179,264,000)
                                               --------------
  Net Cash Flow                                    $4,636,000
                                               ==============

The Company had $53,000,000 in unsecured trade debt arising from
its ordinary course trade supply obligations.

P&T Ltd. intends to utilize its postpetition receivables to fund
its operations until DIP financing is confirmed or Pope & Talbot
is otherwise required to take other steps to fund its
operations, Mr. Stuart said.  P&T Ltd. intends to work closely
with its lenders to try and finalize a DIP financing arrangement
to fund its operations during the CCAA proceedings, he added.

The Applicants will seek the approval from the CCAA Court of any
DIP financing arrangement once finalized.

The Applicants expect to be able to manage their operations
based on expected cash flow in the near term but expects that
the DIP loan providing $10,000,000 to $15,000,000 in operating
funding will be required if operations are to be maintained at
the current level for the longer term, Mr. Stuart told the CCAA
Court.

On the CCAA Petition Date, the Honorable Justice Geoffrey B.
Morawetz directed the Applicants to:

  -- make no payments of principal, interest or otherwise on
     account of amounts owing by the Applicants to any of their
     creditors as of the Petition Date;

  -- grant no security interests, trust, liens, charges or
     encumbrances upon or in respect of any of the Applicants'
     Property; and

  -- not grant credit or incur liabilities except in the
     ordinary course of the business, or with the consent of the
     Applicants; PricewaterhouseCoopers Inc., the Court-
     appointed monitor; and Wells Fargo Canada and Ableco.

Prior to the CCAA Petition Date, Pope & Talbot obtained funding
under a Credit Agreement dated June 28, 2008, with Ableco
Finance LLC, as collateral agent, term loan B agent and lender;
and Wells Fargo Financial Corporation Canada.

As of Oct. 29, 2007, the aggregate principal amount outstanding
under the Credit Agreement was roughly $216,000,000.  The
prepetition loan consists of a term loan facility and a
revolving credit facility.  The credit facilities are secured by
substantially all of the Applicants' assets.

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.  

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
Bankruptcy News, Issue No. 1; Bankruptcy Creditors' Service
Inc., http://bankrupt.com/newsstand/or 215/945-7000)


TENNECO INC: Commences US$230 Mln Tender Offer for 10-1/4% Notes
----------------------------------------------------------------
Tenneco Inc. has commenced a cash tender offer for up to
US$230 million aggregate principal amount of 10-1/4% Senior
Secured Notes due 2013 (CUSIP No. 880349AD7).

Tenneco is launching this tender offer and consent solicitation
as part of a transaction designed to reduce the company's
interest expense, extend the maturity of some of its debt and to
amend the indenture for the Notes to more closely align debt
covenants among the company's various tranches of notes.

The total consideration per US$1,000 principal amount of Notes
validly tendered and not withdrawn prior to 5:00 p.m., New York
City time, on Nov. 15, 2007, unless extended, will be calculated
based on the present value on the payment date of the sum of
US$1,051.25, the earliest redemption price for the Notes on June
15, 2008, which is the earliest redemption date for the Notes,
plus interest payments through June 15, 2008, determined using a
discount factor equal to the yield on the price determination
date of the 5-1/8% U.S. Treasury Note due June 30, 2008, plus a
fixed spread of 50 basis points.

The price determination date will be 2:00 p.m., New York City
time, at least ten business days prior to the expiration date.
The payment date will be promptly after the expiration date.

The tender offer is scheduled to expire at midnight, New York
City time, on Nov. 30, 2007, unless extended.  Accrued and
unpaid interest to, the payment date will be paid on all Notes
tendered and accepted for payment.

The tender offer is for a maximum of US$230 million aggregate
principal amount of Notes.  In the event that the tender offer
is oversubscribed, tenders will be accepted on a pro rata basis.
Tenneco reserves the right, but is not obligated, to increase
the Maximum Tender Amount.

The total consideration includes a consent payment of US$30 per
US$1,000 principal amount of Notes.  Only Notes that are
tendered on or prior to the Consent Date and that are accepted
for payment will receive the Consent Payment.  The company is
soliciting consents to conform certain covenants in the
indenture governing the Notes to make them no more restrictive
than comparable provisions applicable to the company's 8.625%
Senior Subordinated Notes due 2014, including with respect to
the incurrence of indebtedness and the absence of limitation on
issuances and transfers of restricted subsidiary stock and to
make other minor or related modifications.

The tender offer is conditioned on the satisfaction or waiver
prior to the acceptance date of customary conditions, including:

   (i) Tenneco having received from the offer and sale of new
       indebtedness, on terms and conditions acceptable to it
       in its sole discretion, funds sufficient to consummate
       the offer; and

  (ii) the receipt of the requisite consents required to
       implement the proposed amendments to the indenture from
       holders of the senior secured notes.

Copies of the Offer to Purchase and Consent Solicitation
Statement of the company may be obtained by contacting Global
Bondholder Services Corporation, the information agent for the
offer, at (212) 430-3774 (collect) or (866) 873-5600 (U.S. toll-
free).

Banc of America Securities LLC and Citi are the dealer managers
and solicitation agents for the tender offer and consent
solicitation.  Additional information concerning the tender
offer and consent solicitation may be obtained by contacting
Banc of America Securities LLC, High Yield Special Products, at
(704) 388-4813 (collect) or (888) 292-0070 (U.S. toll-free) and
Citi at (212) 723-6106 (collect) or (800) 558-3745 (toll-free).

                        About Tenneco Inc.

Based in Lake Forest, Illinois, Tenneco Inc., (NYSE: TEN) --
http://www.tenneco.com/-- manufactures automotive ride and    
emissions control products and systems for both the original
equipment market and aftermarket.  Brands include Monroe(R),
Rancho(R), and Fric Rot ride control products and Walker(R) and
Gillet emission control products.  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.

                          *     *     *

As reported in the Troubled Company Reporter on Sept. 26, 2007,
Fitch Ratings has placed Tenneco Inc.'s Issuer Default Ratings
and securities ratings on Rating Watch Negative.  Fitch
confirmed these ratings: (i) IDR 'BB-'; (ii) Senior secured bank
facility 'BB+'; (iii) Senior secured notes 'BB'; and (iv)
Subordinated 'B'.


TENNECO INC: Fitch Rates New Senior Unsecured Notes at BB-
----------------------------------------------------------
Fitch Ratings assigned a rating of 'BB-' to Tenneco Inc.'s new
senior unsecured notes due 2015.  The new notes replace a
portion of TEN's existing US$475 million in 10.25% senior
secured second-lien notes for which TEN is tendering.  The
rating outlook is positive.

The ratings are as follows:

   -- Issuer Default Rating 'BB-';
   -- Senior secured bank facility 'BB+';
   -- Senior secured second lien notes 'BB';
   -- Senior subordinated notes 'B'.

TEN's new US$250 million senior unsecured notes will improve the
company's maturity profile, and contains covenants on a par with
the company's senior subordinated notes.  TEN is also adjusting
and removing certain covenants from the remaining senior secured
second-lien notes.  The refinancing also reduces the overall
amount of secured debt which, in conjunction with covenant
changes, provides TEN with additional operating flexibility.

In addition, the company projects interest savings of about
US$4 million.  The new notes are the obligation of TEN and
guaranteed by certain domestic subsidiaries.  Concurrent with
the offering of the new notes due 2015, TEN will initiate a
series of steps designed to better align the company's capital
structure with its assets and cash flow, while also providing
certain tax benefits.

TEN faces the same headwinds as other suppliers including
pricing pressures, high raw material costs, lower production
volumes from U.S.-based OEM's, exposure to slow-selling SUV
products and limited free cash flow.  However, TEN has offset
these challenges with increased revenue from new business wins,
manufacturing efficiencies, working capital management, and a
geographically diverse customer base compared with other North
American suppliers.  TEN's technology position and product
acceptance in the growing diesel emissions market augur well for
revenue performance over the near term.

The company's increasingly technology-driven product portfolio
and margin performance in a difficult industry environment
provide comfort that new business wins and revenue growth will
also produce longer-term earnings growth.  However, costs and
investments related to new product launches and growth
initiatives will limit free cash flow over the short term.  The
Positive Outlook is based on expectations of moderate, but
continuing de-leveraging over the intermediate term through
continued growth in operating earnings from a diversified global
customer base.  Concerns include total debt levels, industry
margin pressures, U.S. production volumes in an uncertain
economic environment, and stresses from second-tier and third-
tier suppliers.

TEN retains healthy liquidity, with US$203 million in cash and
marketable securities at Sept. 30, 2007.  In addition, TEN has
US$292 million of unused borrowing capacity available on its
US$680 million revolver.  The company also has a US$100 million
U.S. securitization facility (of which US$94 million was
outstanding), and US$55 million outstanding under its
uncommitted European receivable facilities.


TENNECO INC: S&P Rates Proposed US$250 Mln Senior Notes at B+
-------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B+' rating to
Tenneco Inc.'s proposed US$250 million senior unsecured notes
due 2015.  

The rating is one notch below the corporate credit rating,
reflecting the unsecured nature of the proposed new
debt in Tenneco's capital structure, which consists mainly of
secured debt.  The company will use the proceeds to tender for
US$230 million of its 10.25% secured second-lien notes due 2013.
     
At the same time, because the tender will substantially reduce
the outstanding principal on the 10.25% senior secured notes,
S&P raised the ratings on that issue to 'BB' from 'BB-', and
revised the recovery rating to '2' from '4', reflecting the
expected improvement in recovery resulting from the pending
reduction in outstanding principal.  S&P also affirmed the 'BB-'
corporate credit rating and stable outlook and withdrew the
short-term rating of 'B-1'.
      
"The ratings on Tenneco reflect a weak business profile and
aggressive financial profile," said Standard & Poor's credit
analyst Lawrence Orlowski.  Although 2007 free cash flow
generation will likely be negative, S&P do not view this as a
trend.  Tenneco's credit measures have been stable.  The company
benefits from good diversity among its customers, business
platforms, and regions of operation.  However, Tenneco is still
exposed to the risks of declining vehicle production by its
largest customers, General Motors Corp. and Ford Motor Co.
     
The outlook is stable.  Revenue growth was solid in the third
quarter of 2007 because of new business launches, but investment
to support this growth contributed to negative free cash flow.  
Still, S&P expect credit measures to remain consistent with the
rating despite industry conditions that include production cuts
by some customers and raw-material price pressures.  In the
longer term, S&P could revise the outlook to positive if
industry conditions stabilize and the company uses free cash
flow to reduce debt.  Alternatively, S&P could revise the
outlook to negative if severe industry challenges cause cash
flow to remain negative.


=============
D E N M A R K
=============


BLOCKBUSTER INC: Posts US$35 Mln Net Loss in Qtr. Ended Sept. 30
----------------------------------------------------------------
Blockbuster Inc. reported Thursday financial results for the
third quarter ended Sept. 30, 2007.

For the third quarter of 2007, net loss was US$35.0 million, as
compared with a net loss of US$24.7 million for the third
quarter of 2006.  Net loss for the third quarter of 2007
included US$9.6 million in severance and lease termination
costs.

Total revenues decreased 5.7% to US$1.24 billion for the third
quarter of 2007 from US$1.31 billion for the third quarter of
2006.

The revenue decrease is primarily due to the closure and sale of
526 company-operated stores worldwide.  This decrease was
partially offset by a US$79.2 million year-over-year increase in
revenues from Blockbuster's online rental service resulting from
growth in the subscriber base, which totaled approximately
3.1 million total subscribers at the end of the quarter.

"We believe the actions we have taken over the last quarter have
better positioned Blockbuster for the future," said Jim Keyes,
Blockbuster chairman and chief executive officer.  "Going
forward, we are focused on protecting our core rental business,
developing new retail opportunities, and becoming the preferred
provider of digital entertainment.  To this end, we have
launched a series of initiatives centered around product
availability and increased emphasis on our retail business.  I
am pleased with the progress we have made both strategically and
financially and believe we are on our way to transforming
Blockbuster into a company that is able to generate total
revenue growth, effectively redeploy resources and balance
investment in a manner that delivers favorable returns."

As part of its previously announced efforts to improve
profitability, management said it has completed a preliminary
review of the company's cost structure and has implemented a
plan to reduce annualized overhead costs by approximately US$45
million through the elimination of staffing and operational
redundancies in the company's in-store and online corporate
support structure and through improvements in other operating
efficiencies. Management continues to evaluate a number of other
methods to reduce costs, including outsourcing various corporate
functions.

Additionally, consistent with its efforts to strike an
appropriate balance between the growth of its online
subscription service and enhanced profitability, during the
quarter the company implemented pricing modifications to the
BLOCKBUSTER Total Access offering, reduced advertising spend and
minimized promotion of the program in its stores.  These actions
significantly reduced the number of unprofitable BLOCKBUSTER
Total Access subscribers, improved profitability across the
remaining subscriber base and contributed to a sequential
improvement in the company's operating results from the second
quarter of 2007.

Further, in light of the company's emphasis on growing its
overall customer base — through its stores, through the mail and
eventually through the digital delivery of content – going
forward, the company will no longer be narrowly focused on its
online subscriber count but instead will concentrate on the
growth of, and report on, its total membership.

"During each month this quarter, over 20 million customers
around the world used the BLOCKBUSTER(R) brand to satisfy their
needs for media entertainment, and that customer base presents
us with a tremendous opportunity," said Keyes.  "Our goal is to
continue to increase our membership base by providing even more
ways for customers to get the entertainment they want through
our stores, through the mail and through new technologies."

Worldwide same-store rental revenues for the third quarter
increased 1.1% from the same period last year, reflecting a 2.3%
increase in domestic same-store rental revenues and a 2.8%
decline in international same-store rental revenues.  Worldwide
same-store retail revenues for the third quarter of 2007
increased 14.2% from the same period last year largely due to a
79.5% increase in international same-store game retail revenues.

Operating loss for the third quarter of 2007 totaled US$5.6
million, compared to operating income of US$3.3 million for the
same period last year.  Gross profit decreased US$75.7 million,
which was primarily driven by the decline in total revenues and
an approximately US$29 million impact to rental gross profit
associated with the cost of free in-store exchanges under the
BLOCKBUSTER Total Access program.  Gross margin declined 270
basis points to 53.9% for the third quarter of 2007.  

Cash flow used for operating activities of US$17.1 million for
the third quarter of 2007 reflected a US$168.9 million decrease
from cash provided by operating activities of US$151.8 million
in the third quarter of 2006.  Free cash flow decreased US$174.5
million to a negative US$38.6 million for the third quarter of
2007 from a positive US$135.9 million for the third quarter of
2006.  Both changes were primarily the result of changes in
working capital and rental library.

                      About Blockbuster Inc.

Headquartered in Dallas, Texas, Blockbuster Inc. (NYSE: BBI,
BBI.B) -- http://www.blockbuster.com/-- is a leading global  
provider of in-home movie and game entertainment, with over
7,800 stores throughout the Americas, Europe, Asia and
Australia.  The company maintains operations in Brazil, Mexico,
Denmark, Italy, Taiwan, Thailand, Australia, among others.

                          *     *     *

As reported in the Troubled Company Reporter on Aug. 8, 2007,
Standard & Poor's Ratings Services lowered its ratings on
Dallas-based Blockbuster Inc. to 'B-' from 'B'.  The outlook is
negative.


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


COMVERSE TECH: Hires Lance Miyamoto as Exec. VP for Global HR
-------------------------------------------------------------
Comverse Technology Inc. has appointed Lance Miyamoto as its
Executive Vice President, Global Human Resources.  Mr. Miyamoto
will report to the company’s President and Chief Executive
Officer, Andre Dahan.  In his new role, Mr. Miyamoto also will
be responsible for the human resources function at Comverse,
Inc.

Mr. Dahan said, "Lance is an experienced, proven senior
executive, who has successfully led the human resources efforts
at large global enterprises.  He will be a valuable member of
our management team as we pursue our strategic objectives and
build a new Framework for Profitable Growth.  We welcome Lance
to the Comverse team."

Mr. Miyamoto has more than 25 years of experience in human
resources, having worked for high technology companies in North
America, Europe, Asia and Latin America.  He was recently
Executive Vice President, Human Resources at AOL, where he was
responsible for all aspects of HR for the company, including
talent acquisition and retention, compensation strategy,
organizational development, and leadership development.  Prior
to that, Mr. Miyamoto led the HR efforts for LexisNexis Group.  
He also served as Vice President, Corporate Human Resources at
Honeywell International, Senior Vice President, Human Resources
and Performance Development at Dun & Bradstreet, and in a number
of senior HR positions at AT&T Bell Laboratories, among other
firms.  Mr. Miyamoto has an MBA from the Wharton School of the
University of Pennsylvania.  He earned his undergraduate degree
from Harvard University, where he was a recipient of the Ames
Memorial Award for leadership.

                 About Comverse Technology

Comverse Technology, Inc., -- http://www.cmvt.com/-- (Pink  
Sheets: CMVT.PK) through its Comverse, Inc. subsidiary, provides
software and systems enabling network-based multimedia enhanced
communication and billing services.  The company's Total
Communication portfolio includes value-added messaging,
personalized data and content-based services, and real-time
converged billing solutions.  Over 500 communication and content
service providers in more than 130 countries use Comverse
products to generate revenues, strengthen customer loyalty and
improve operational efficiency.  Other Comverse Technology
subsidiaries include: Verint Systems (VRNT.PK), which provides
analytic software-based solutions for communications
interception, networked video security and business
intelligence; and Ulticom (ULCM.PK), which provides service
enabling signaling software for wireline, wireless and Internet
communications.

Comverse has offices all over the world, including Australia,
Finland, Greece, Indonesia, Malaysia, and the Philippines.

                        *     *     *

As reported in the Troubled Company Reporter on Feb. 5, 2007,
Standard & Poor's Ratings Services kept its 'BB-' corporate
credit and senior unsecured debt ratings on New York-based
Comverse Technology Inc. on CreditWatch with negative
implications, where they were placed on March 15, 2006.


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


FRESH DEL MONTE: Discloses 12,000,000 Ordinary Shares Offering
--------------------------------------------------------------
Fresh Del Monte Produce Inc. has intended to offer 12,000,000
ordinary shares, of which 5,000,000 ordinary shares are expected
to be sold by Fresh Del Monte and 7,000,000 ordinary shares are
expected to be sold by IAT Group Inc., under Fresh Del Monte’s
existing shelf registration statement filed with the Securities
and Exchange Commission.  Fresh Del Monte and IAT Group also
intend to grant the underwriters an option to purchase up to a
combined 1,800,000 additional ordinary shares solely to cover
over-allotments, if any.

Fresh Del Monte currently intends to use the net proceeds from
the offering for the repayment of indebtedness outstanding under
its credit facility. Fresh Del Monte will not receive any
proceeds from the sale of ordinary shares by IAT Group.

Morgan Stanley & Co. Incorporated is the sole book-running
manager, with Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Piper Jaffray & Co. and Wachovia Capital Markets,
LLC acting as co-managers of the offering.

The offering is being made only by means of a prospectus
supplement and accompanying prospectus, copies of which are
available for review at http://www.sec.gov/

Alternatively, those documents may be obtained by contacting:

        Morgan Stanley & Co. Incorporated
        Prospectus Department
        180 Varick Street, 2nd Floor
        New York, NY 10014
        Tel: 1-866-718-1649

Based in the Cayman Islands, Fresh Del Monte Produce Inc. --
http://www.freshdelmonte.com/-- is one of the world's leading  
vertically  integrated producers, marketers and distributors of
high-quality fresh and fresh-cut fruit and vegetables, as well
as a leading producer and distributor of prepared fruit and
vegetables, juices, beverages, snacks and desserts in Europe,
the Middle East and Africa.  Fresh Del Monte markets its
products worldwide under the Del Monte(R) brand, a symbol of
product quality, freshness and reliability since 1892.

The company has operations in Chile, Brazil, France,
Philippines, and Korea.


FRESH DEL MONTE: S&P Puts 'BB-' Rating Under Positive Watch
-----------------------------------------------------------
Standard & Poor's Ratings Services placed its 'BB-' corporate
credit and other ratings on Cayman Islands-based Fresh Del Monte
Produce Inc. on CreditWatch with positive implications,
meaning that the ratings could be raised or affirmed following
the completion of S&P's review.  About $359 million of total
debt was outstanding at Sept. 28, 2007.
     
The CreditWatch placement follows the company's announcement of
its proposed equity offering, net proceeds of which will be used
to repay debt outstanding under its credit facility, in addition
to continued strong operating performance year to date.  The
equity offering consists of 5 million of primary shares expected
to be issued by the company, and an additional 7 million shares
expected to be sold by IAT Group, an existing shareholder.  The
company will only receive proceeds from the primary offering,
which will be used for debt reduction.
     
For the nine months ended Sept. 28, 2007, Fresh Del Monte's
sales grew 1.6% due to higher banana and prepared food sales,
partially offset by lower other fresh produce sales as a result
of product rationalization.  Adjusted EBITDA more than doubled
because of cost saving and restructuring initiatives.  As a
result, credit measures have improved: for the 12 months ended
Sept. 28, 2007, lease- and pension-adjusted funds from
operations to debt was 42%, compared with 10% in the prior-year
period, and 6.5% at year-end 2006.  Adjusted total debt to
EBITDA was about 2x for the 12 months ended Sept. 28, 2007, an
improvement from 4.8x in the prior-year period and 5x at year-
end 2006.  Debt repayment from the equity offering will likely
further improve credit measures.
     
"We will review Fresh Del Monte's operating, strategic, and
financial plans before resolving the CreditWatch listing," said
Standard & Poor's credit analyst Alison Sullivan.


PRIDE INT'L: Earns US$401.5 Million for Quarter Ended Sept. 30
--------------------------------------------------------------
Pride International Inc. reported financial results for the
three months ended Sept. 30, 2007.  Net income for the quarter
totaled US$401.5 million, reflecting the impact of certain asset
dispositions.

During the quarter, the company sold its Latin America Land and
E&P Services segments for US$1.0 billion in cash and entered
into an agreement to sell its three tender-assist rigs for total
proceeds of US$213 million in cash.  The disposition of the
Latin America Land and E&P Services segments, which was included
in the Company's third quarter results, resulted in an after-tax
gain of US$265.0 million, or US$1.48 per diluted share.  The
sale of the three tender-assist rigs is expected to close in
early 2008, subject to the novation of drilling contracts by the
customers for each unit and other closing conditions.

The company reported the results of operations and the
associated gain on sale of both the Latin America Land and E&P
Services segments and the results of operations for the quarter
from three tender-assist units as income from discontinued
operations for the third quarter of 2007 and all comparative
periods.  Income from discontinued operations totaled US$281.2
million for the quarter.

Louis A. Raspino, President and Chief Executive Officer of Pride
International, Inc., stated, "The third quarter of 2007 was one
of the most significant quarters in the history of Pride as we
advance the transformation of the company to an offshore-focused
contract driller with an emphasis on deepwater and other high
specification rigs.  Toward this goal, numerous accomplishments
were achieved during the period, including:

  -- The execution of an agreement to sell our Latin America
     Land and E&P Services business segments for US$1 billion in
     cash and the closing of that transaction only three weeks
     later on Aug. 31, 2007,

  -- A commitment to the construction of an ultra-deepwater
     drillship,

  -- The acquisition of an ultra-deepwater drillship in the
     early stages of construction,

  -- An agreement to sell three tender-assist rigs for US$213
     million in cash, and

  -- The acquisition of the remaining nine percent interest in
     our Angolan joint venture for US$45 million in cash, giving
     us 100 percent ownership in three rigs, including two
     deepwater drillships."

"Our earnings from operations from semisubmersibles and
drillships (floaters) approached 60 percent in the third quarter
of 2007 compared to 34 percent one year ago and is expected to
continue to grow as new contracts commence at higher dayrates
reflecting the tightness in the floating rig market.  In
addition, our strong cash position, coupled with improving cash
flow from operations and the prospects for further cash proceeds
following the disposal of additional non-strategic assets,
provides us with increased flexibility as we address numerous
growth opportunities and other means to enhance shareholder
value."

                     Continuing Operations

Income from continuing operations, consisting primarily of the
company's Offshore Drilling Services segment, was US$120.3
million on revenues of US$540.4 million for the third quarter of
2007.  The results compare to income from continuing operations
of US$66.0 million on revenues of US$406.0 million during the
corresponding quarter in 2006.

During the quarter, the company completed a technical evaluation
of its entire offshore fleet.  As a result of this evaluation,
there was a change in estimates regarding useful lives and
salvage values on certain rigs in the fleet.  These changes were
primarily a result of changing market conditions, the recent
significant capital investment in certain rigs and revisions to
and standardization of maintenance practices.  As a result of
these changes, the third quarter of 2007 includes a reduction in
depreciation expense of US$14.5 million, or an after-tax benefit
of US$0.07 per diluted share.  In addition to the changes
impacting depreciation expense, net income from continuing
operations for the quarter also included a tax benefit of
US$10.2 million due to the recognition of foreign tax credits
that had been previously treated as tax deductions in prior
quarters.  This helped reduce its effective tax rate to 27% for
the period.  Realization of this additional tax benefit is based
primarily on the company's forecasts of future profitability,
along with the application of certain tax planning strategies.  
In future quarters, the company expects to continue to recognize
the benefit of these foreign tax credits.  Finally, in August
2007, the company acquired from its partner Sonangol the
remaining nine percent interest in the joint venture related to
the company's Angolan operations for US$45 million in cash,
bringing the company's ownership interest to 100% and adding
approximately US$1.6 million to the company's income from
continuing operations.

Total debt at Sept. 30, 2007, was US$1,212.4 million, while net
debt (total debt less cash and cash equivalents of US$880.6
million) was US$331.8 million.

Headquartered in Houston, Texas, Pride International Inc.
(NYSE: PDE) -- http://www.prideinternational.com/-- provides  
onshore and offshore contract drilling and related services in
more than 25 countries, operating a diverse fleet of 277 rigs,
including two ultra-deepwater drillships, 12 semisubmersible
rigs, 28 jackups, 16 tender-assisted, barge and platform rigs,
and 214 land rigs.  The company maintains worldwide operations
in France, Mexico, Kazakhstan, India, and Brazil, among others.

                        *     *     *

As reported in the Troubled Company Reporter-Latin America on
Sept. 4, 2007, Fitch Ratings has affirmed Pride International
Inc.'s Issuer Default Rating at 'BB' in addition to affirming
the ratings on Pride International's senior secured revolving
credit facility, senior unsecured notes and their convertible
senior notes.  The Rating Outlook is Stable.  Fitch maintains
the following ratings for Pride International:

  -- Issuer Default Rating at 'BB';
  -- Senior unsecured at 'BB';
  -- Senior secured bank facility at 'BBB-';
  -- Senior convertible notes at 'BB'.

As reported in the Troubled Company Reporter-Latin America on
Aug. 3, 2007, Moody's affirmed Pride International, Inc.'s
credit ratings following the company's announcement of the
acquisition of a newbuild drillship to be delivered in 2010.

The ratings affirmed include the Ba1 corporate family rating,
the Ba2 rating on Pride's USUS$500 million senior notes due
2014, the Baa2 rating on its USUS$500 million senior secured
credit facility and speculative grade liquidity rating of SGL-2.
Moody's said the outlook is stable.

Pride Ratings Affirmed:

  -- Ba1 CFR and Probability of Default Rating;

  -- USUS$500 million Senior Notes due 2014 rated Ba2 (LGD5,
     71%);

  -- USUS$500 million Senior Secured Credit Facility rated Baa2
    (LGD2, 13%);

  -- Speculative Grade Liquidity Rating -- SGL-2;

  -- Senior Unsecured Shelf rated (P)Ba2 (LGD5, 71%);

  -- Subordinated Shelf rated (P)Ba2 (LGD6, 97%);

  -- Preferred Shelf rated Ba2 (LGD6, 97%).


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


BELINAS GMBH: Claims Registration Ends December 10
--------------------------------------------------
Creditors of Belinas GmbH have until Dec. 10 to register their
claims with court-appointed insolvency manager Dr. Bruno Kübler.

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 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. Bruno Kübler
         Konrad-Zuse-Platz 1
         81829 Munich
         Germany
         Tel: 99299-0
         Fax: 99299-299

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

The Debtor can be reached at:

         Belinas GmbH
         Attn: Silvana Lina Miketta and Bernhard Oelsner,
         Managers
         Bad-Soden-Str. 58
         80807 Munich
         Germany


CHRYSLER LLC: Eyes Product & Plant Changes in North America
-----------------------------------------------------------
Chrysler LLC disclosed that it would make volume-related
reductions at several of its North American assembly and
powertrain plants, and eliminate four products from its
line-up.

Shifts will be eliminated at five North American assembly plants
which, combined with other volume-related manufacturing actions,
will lead to a reduction of 8,500-10,000 additional hourly jobs
through 2008.

Additional actions include reductions of salaried employment by
1,000 and supplemental (contract) employment by 37%.  The
Company also plans to eliminate hourly and salaried overtime and
reduce purchased services due to reduction in volume.

The volume-related actions are in addition to 13,000 jobs
eliminated by the three-year Recovery and Transformation Plan
announced in February.  The objectives of the RTP remain the
same.

"The market situation has changed dramatically in the eight
months since Chrysler established the Recovery and
Transformation Plan as its blueprint," Bob Nardelli, Chairman
and Chief Executive Officer, said.  "Annual industry volume
(U.S. market) then was running at a 17.2 million clip.  Now, we
expect a seasonally adjusted annual volume for 2007 to be
significantly lower and carry over into 2008."

"We have to move now to adjust the way our company looks and
acts to reflect a smaller market," Tom LaSorda, Vice Chairman
and President, added.  "That means a cost base that is right-
sized and an appropriate level of plant utilization."

Mr. LaSorda added that third-shift operations at assembly plants
usually reflect a high demand after a product is launched.  
Three of the five plants affected by this action are the result
of elimination of third shifts –- in Belvidere, Illinois;
Toledo, Ohio, and Brampton, Ontario.

In contract negotiations just concluded with the United Auto
Workers union, Chrysler committed to spending more than
US$15 billion on products, plants and engineering during the
life of the contract through 2011.

The company reported that it will eliminate four models through
2008, including Dodge Magnum, the convertible version of
Chrysler PT Cruiser, Chrysler Pacifica and Chrysler Crossfire.  
In the same time frame, Chrysler will add two all-new products
to its portfolio: the Dodge Journey and Dodge Challenger, along
with two new hybrid models, the Chrysler Aspen and Dodge
Durango.

"These actions reflect our new customer-driven philosophy and
allow us to focus our resources on new, more profitable and
appealing products," Jim Press, Vice Chairman and President,
added.  "Further, these product actions are all in response to
dealer requests."

                     Manufacturing Actions

Chrysler will eliminate shifts at five assembly plants, and take
further volume-related actions at several other facilities.  It
will:

   * drop third-shift operations at Belvidere Assembly Plant in
     Illinois in the first quarter 2008.  Belvidere builds the
     Dodge Caliber, Jeep Patriot and Jeep Compass.

   * drop second-shift operations at its Jefferson North
     Assembly Plant in Detroit, Michigan, in the first quarter
     2008.  It's expected that the plant will return to two
     shifts in first quarter 2010 with the introduction of the
     next generation of sport-utility vehicles.  The addition
     of a third shift will remain an option, depending on
     market demand.  Jefferson North builds the Jeep Grand
     Cherokee and Jeep Commander.

   * drop third-shift operations at the Toledo North Assembly
     Plant in Ohio in the first quarter 2008.  Toledo North
     builds the Jeep Liberty and Dodge Nitro.

   * drop third-shift operations at Brampton Assembly Plant in
     Ontario in first quarter 2008.  Brampton will build the
     Chrysler 300, Dodge Charger and Dodge Challenger.  The
     Dodge Magnum will be discontinued.

   * drop second shift operations at Sterling Heights Assembly
     Plant in Michigan in first quarter 2008.  Sterling Heights
     builds the Dodge Avenger and Chrysler Sebring sedans and
     Chrysler Sebring Convertible.

   * in addition, Mack Avenue Engine Plant II in Detroit,
     Michigan, will return to a traditional two-shift/two-crew
     operation in the first quarter 2008 after operating on a
     three-crew, two-shift, 120-hour-per-week (3/2/120)
     schedule.  Mack II builds the 3.7-liter V-6 engine.

"I’m confident that we have the right team in place and a
business plan that doesn’t need to be re-written," concluded Mr.
Nardelli.  "Like all good plans, the RTP has built-in
flexibility that allows us to stay one step ahead of market
change. And that is the way to long-term sustained
profitability."

                       About Chrysler LLC

Headquartered in Auburn Hills, Michigan, Chrysler LLC --
http://www.chrysler.com/-- produces Chrysler, Jeep(R), Dodge  
and Mopar(R) brand vehicles and products.

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

Chrysler is a unit of Cerberus Capital Management.

                          *     *     *

As reported in the Troubled Company Reporter on Oct. 31, 2007,
Standard & Poor's Ratings Services said its corporate credit
ratings on Chrysler LLC and DaimlerChrysler Financial Services
Americas LLC remain on CreditWatch with positive implications,
following the United Auto Workers' narrow approval of the new
Chrysler-UAW labor contract.  The ratings were placed on
CreditWatch on Sept. 26, 2007, based on S&P's belief that
Chrysler would reach a deal similar to the one General Motors
Corp. reached with the UAW on that date.

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

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


CHRYSLER LLC: Overall October 2007 U.S. Sales Down 9%
-----------------------------------------------------
Chrysler LLC reported U.S. sales for October 2007 of 145,316
units; down 9% compared to October 2006 with 159,586 units sold.

"Growing concerns about the housing slump are showing up in
consumers’ expectations about future economic conditions as auto
sales for the month of October continue below trend levels,"
Darryl Jackson, Vice President – U.S. Sales, said.  "Today’s
company announcement on product changes reflects our customer-
driven philosophy and current market conditions."

Chrysler brand car sales were led by Sebring Sedan which posted
sales of 5,015 units, up 86% versus 2006 and Sebring Convertible
which finished the month with sales of 1,856 units, up 837%
versus October 2006.  Chrysler Town & Country sales rose 26% to
12,177 units versus October 2006 with 9,668 units.

Jeep(R) brand sales were down 21% year-over-year, driven by
planned fleet reductions.  Jeep Wrangler and Wrangler Unlimited
posted sales of 9,354 units, up 8% versus October 2006.

Dodge brand car sales increased 18% over last year, aided by
steady sales of the Dodge Avenger with 6,268 units delivered.

"Given the competitive market, our approach is to provide
substantial value to our consumers by offering consumer cash and
lease cash on the majority of our 2008 models in November,"
Michael Keegan, Vice President – Volume Planning and Sales
Operations, said.  "We will also introduce 0% APR for 36 months
on 2008 models through the end of the month."

Chrysler finished the month with 469,426 units of inventory, or
an 84-day supply.  Inventory is down by 8% compared to October
2006 when it was at 508,724 units.

                       About Chrysler LLC

Headquartered in Auburn Hills, Michigan, Chrysler LLC --
http://www.chrysler.com/-- produces Chrysler, Jeep(R), Dodge  
and Mopar(R) brand vehicles and products.

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

Chrysler is a unit of Cerberus Capital Management.

                          *     *     *

As reported in the Troubled Company Reporter on Oct. 31, 2007,
Standard & Poor's Ratings Services said its corporate credit
ratings on Chrysler LLC and DaimlerChrysler Financial Services
Americas LLC remain on CreditWatch with positive implications,
following the United Auto Workers' narrow approval of the new
Chrysler-UAW labor contract.  The ratings were placed on
CreditWatch on Sept. 26, 2007, based on S&P's belief that
Chrysler would reach a deal similar to the one General Motors
Corp. reached with the UAW on that date.

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

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


DACHDECKERFACHBETRIEB JENS: Claims Registration Ends December 11
----------------------------------------------------------------
Creditors of Dachdeckerfachbetrieb Jens Schmidt GmbH have until
Dec. 11 to register their claims with court-appointed insolvency
manager Marlies Greschuchna.

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 Halle-Saalkreis
         Hall 1.043
         Judicial Center
         Thueringer Str. 16
         06112 Halle
         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:

         Marlies Greschuchna
         Am Steintor 13
         D 06112 Halle
         Germany
         Tel: 0345/6828831
         Fax: 0345/6828897

The District Court of Halle-Saalkreis opened bankruptcy
proceedings against Dachdeckerfachbetrieb Jens Schmidt GmbH on
Oct. 10.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Dachdeckerfachbetrieb Jens Schmidt GmbH
         Attn: Jens Schmidt, Manager
         Schulstr. 11
         06179 Koechstedt
         Germany


DIE MOEBEL-TENNE: Claims Registration Ends December 10
------------------------------------------------------
Creditors of Die Moebel-Tenne GmbH have until Dec. 10 to
register their claims with court-appointed insolvency manager
Friedrich von Kaltenborn-Stachau.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 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 Tostedt
         Meeting Hall I
         Linden 23
         21255 Tostedt
         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:

         Friedrich von Kaltenborn-Stachau
         Jungfernstieg 30
         20354 Hamburg
         Germany
         Tel: 040/3 50 06-188
         Fax: 040/3 50 06 176

The District Court of Tostedt opened bankruptcy proceedings
against Die Möbel-Tenne GmbH on Oct. 15.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Die Möbel-Tenne GmbH
         Sottorfer Dorfstr. 14
         21224 Rosengarten
         Germany

         Attn: Thorsten Junius, Manager
         Hauptstr. 45
         21224 Rosengarten
         Germany


ECOVATEC GMBH: Claims Registration Period Ends Dec. 5
-----------------------------------------------------
Creditors of Ecovatec GmbH have until Dec. 5 to register their
claims with court-appointed insolvency manager Martin Schoebe.

Creditors and other interested parties are encouraged to attend
the meeting at 9:40 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 Ingolstadt
         Meeting Hall 28 I
         Schrannenstr. 3
         85049 Ingolstadt
         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:

         Martin Schoebe
         Marie-Curie-Strasse 6
         85055 Ingolstadt
         Germany
         Tel: 0841/9014-200
         Fax: 0841/9014-205

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

The Debtor can be reached at:

         Ecovatec GmbH
         Lichtenheim 6A
         86706 Weichering
         Germany


FOOD & ROOM: Claims Registration Period Ends Nov. 30
----------------------------------------------------
Creditors of Food & Room GmbH have until Nov. 30 to register
their claims with court-appointed insolvency manager Axel W.
Bierbach.

Creditors and other interested parties are encouraged to attend
the meeting at 9:10 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 W. Bierbach
         Schwanthalerstr. 32
         80336 Munich
         Germany
         Tel: 54511-0
         Fax: 54511-444

The District Court of Munich opened bankruptcy proceedings
against Food & Room GmbH on Oct. 12.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Food & Room GmbH
         An den Schrederwiesen 3
         80995 Munich
         Germany


IDEENKUECHE HANDELS: Claims Registration Period Ends Nov. 19
------------------------------------------------------------
Creditors of Ideenkueche Handels GmbH have until Nov. 19 to
register their claims with court-appointed insolvency manager
Christina Siegert.

Creditors and other interested parties are encouraged to attend
the meeting at 8:50 a.m. on Dec. 19, at which time the
insolvency manager will present her first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of 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:

         Christina Siegert
         Oskar-von-Miller Ring 34-36
         80333 Munich
         Germany
         Tel: 089-24440930
         Fax: 089-244409365

The District Court of Munich opened bankruptcy proceedings
against Ideenkueche Handels GmbH on Oct. 9.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Ideenkueche Handels GmbH
         Attn: Werner Haidinger, Manager
         Leopoldstr. 254
         80807 Munich
         Germany


IMLINE GESELLSCHAFT: Claims Registration Period Ends Nov. 21
------------------------------------------------------------
Creditors of IMLINE Gesellschaft fuer Wohnungsbau und Beratung
mbH have until Nov. 21 to register their claims with court-
appointed insolvency manager Dirk Andres.

Creditors and other interested parties are encouraged to attend
the meeting at 2:10 p.m. on Dec. 15, 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:

         Dr. Dirk Andres
         Neuer Zollhof 3
         40221 Duesseldorf
         Germany

The District Court of Essen opened bankruptcy proceedings
against IMLINE Gesellschaft fuer Wohnungsbau und Beratung mbH on
Oct. 11.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         IMLINE Gesellschaft fuer Wohnungsbau und Beratung mbH
         Wienbachstrasse 22a
         46286 Dorsten
         Germany

         Attn:  Mike Cornelis, Manager
         Kinskamp 20
         46514 Schermbeck
         Germany


JOHS BAU: Claims Registration Ends December 10
----------------------------------------------
Creditors of Johs Bau GmbH have until Dec. 10 to register their
claims with court-appointed insolvency manager Anja Geske.

Creditors and other interested parties are encouraged to attend
the meeting at 8:00 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 Wolfsburg
         Hall D
         Rothenfelder Strasse 43
         38440 Wolfsburg
         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:

         Anja Geske
         Adolfstrasse 21
         38102 Braunschweig
         Germany
         Tel: 0531 / 70 73 36 90
         Fax: 0531 / 7073 36 923

The District Court of Wolfsburg opened bankruptcy proceedings
against Johs Bau GmbH on Oct. 10.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Johs Bau GmbH
         Attn: Sven Johannesson, Manager
         Dr.-Heinrich-Jasper-Str. 11
         38381 Jerxheim
         Germany


KLEINERT BAU: Claims Registration Period Ends Nov. 29
-----------------------------------------------------
Creditors of Kleinert Bau- und Demontage-Service Gesellschaft
mbH have until Nov. 29 to register their claims with court-
appointed insolvency manager Irmgard Niemeyer-Uhlmann.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 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 Dresden
         Hall D131
         Olbrichtplatz 1
         01099 Dresden
         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:

         Irmgard Niemeyer-Uhlmann
         Blasewitzer Strasse 41
         01307 Dresden
         Germany
         E-mail: http://www.kanzlei-nul.de  


The District Court of Dresden opened bankruptcy proceedings
against Kleinert Bau- und Demontage-Service Gesellschaft mbH on
Oct. 15.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Kleinert Bau- und Demontage-Service Gesellschaft mbH
         Siemensstrasse 8
         01257 Dresden
         Germany


MBOXX GMBH: Claims Registration Ends December 13
------------------------------------------------
Creditors of mboxx GmbH have until Dec. 13 to register their
claims with court-appointed insolvency manager Wilfried Koller.

Creditors and other interested parties are encouraged to attend
the meeting 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 Hannover         
         Hamburger Allee 26
         30161 Hannover
         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:

         Wilfried Koller
         Schiffgraben 59
         30175 Hannover
         Germany
         Tel: 0511 342129
         Fax: 0511 3480645

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

The Debtor can be reached at:

         mboxx GmbH
         Attn: Benjamin Vierke, Manager
         Kronenstr. 8a
         30161 Hannover
         Germany


MICHAEL SAUPE: Claims Registration Ends December 12
---------------------------------------------------
Creditors of Michael Saupe, Sanitare Installation, Heizungsbau,
Reparatur und Wartung GmbH have until Dec. 12 to register their
claims with court-appointed insolvency manager Dr. Christian
Willmer.

Creditors and other interested parties are encouraged to attend
the meeting at 9:40 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 Hannover
         Hall 226
         Second Upper Floor
         Service Bldg.
         Hamburger Allee 26
         30161 Hannover
         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. Christian Willmer
         Walle 5
         31535 Neustadt
         Germany
         Tel: 05032 9831030
         Fax: 05032 9831032

The District Court of Hannover opened bankruptcy proceedings
against Michael Saupe, Sanitare Installation, Heizungsbau,
Reparatur und Wartung GmbH on Oct. 11.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Michael Saupe, Sanitare Installation,
         Heizungsbau, Reparatur und Wartung GmbH
         Attn: Michael Saupe, Manager
         Dudenserstr. 11
         31535 Neustadt
         Germany


NETVITAL MANAGEMENT: Claims Registration Period Ends Nov. 20
------------------------------------------------------------
Creditors of netVital Management GmbH have until Nov. 20 to
register their claims with court-appointed insolvency manager
Thomas Kloeckner.

Creditors and other interested parties are encouraged to attend
the meeting at 8:45 a.m. on Dec. 13, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Wolfratshausen
         Meeting Halll 3/I         
         Bahnhofstrasse 18
         Wolfratshausen
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Thomas Kloeckner
         Hans-Urmiller-Ring 11
         82515 Wolfratshausen
         Germany
         Tel: 08171/38730-100
         Fax: 08171/38730-222

The District Court of Wolfratshausen opened bankruptcy
proceedings against netVital Management GmbH on Oct. 17.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         netVital Management GmbH
         Koenigsdorferstr. 2
         83646 Bad Toelz
         Germany


ORTHOPADIE-TECHNIK KNOP: Claims Registration Ends December 3
------------------------------------------------------------
Creditors of Orthopadie-Technik Knop & Kloer GmbH have until
Dec. 3 to register their claims with court-appointed insolvency
manager  Thomas Erdmann.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on Jan. 14, 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 Celle
         Hall 014
         Muehlenstrasse 4
         29221 Celle
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Thomas Erdmann
         Einfrielinger Weg 4
         29614 Soltau
         Germany
         Tel: 05191-96730
         Fax: 05191-967320
         E-mail: Rae.Erdmann@t-online.de   

The District Court of Celle opened bankruptcy proceedings
against Orthopadie-Technik Knop & Kloer GmbH on Oct. 12.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Orthopadie-Technik Knop & Kloer GmbH
         Attn: Stephan-Christian Kloer, Manager
         Kirchhof 19
         29640 Schneverdingen
         Germany


SPECTRUM BRANDS: Completes Sale of Canadian Home & Garden Unit
--------------------------------------------------------------
Spectrum Brands has completed the sale of the Canadian division
of its Home & Garden business segment, which operates under the
name Nu-Gro.

As reported in the Troubled Company Reporter on Oct. 19, 2007,
Spectrum Brands disclosed its plans of postponing its strategic
asset sale process due to recent challenging conditions in the
credit markets.

On Sept. 28, 2007, the company signed a definitive agreement to
sell the Canadian division of its Home & Garden business segment
to a new company formed by RoyCap Merchant Banking Group and
Clarke Inc.  

Net proceeds from the sale will be utilized to reduce Spectrum
Brands' outstanding debt balance.  The company currently
estimates that its FY 2008 peak seasonal borrowing needs will be
reduced by approximately US$45 million as a result of cash
proceeds from the transaction and the elimination of the working
capital requirement for the Canadian Home & Garden business in
the 2008 lawn and garden selling season.

In addition, the company reiterated its commitment to further
reducing outstanding indebtedness and leverage through the
sale of assets.

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

                          *     *     *

As reported in the Troubled Company Reporter on Oct. 3, 2007,
Fitch Ratings has assigned a 'B/RR1' rating to Spectrum Brand's
new four-year, US$225 million senior secured asset-backed loan
facility priced at LIBOR +225 basis points.  

Fitch also affirmed these ratings: 'CCC' Issuer Default Rating,
'B/RR1' rating on the company's US$1 billion term loan B,
'B/RR1' rating on the company's EUR350 million term loan, 'CCC-
/RR5' rating on the company's US$700 million 7.4% senior
subordinated notes, 'CCC-/RR5' rating of the company's US$2.9
million 8.5% senior subordinated notes, and 'CCC- /RR5' rating
on the company's US$347 million 11.25% variable rate toggle
senior subordinated notes.  The Rating Outlook is Negative.


TECHNISCHER ABBRUCH: Creditors' Meeting Slated for November 30
--------------------------------------------------------------
The court-appointed insolvency manager for Technischer Abbruch
Berlin GmbH, Michael C. Frege will present his first report on
the Company's insolvency proceedings at a creditors' meeting at
9:10 a.m. on Nov. 30.

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

         The District Court of Charlottenburg
         Hall 218
         Second Floor
         Amtsgerichtsplatz 1
         14057 Berlin
         Germany

         
The Court will also verify the claims set out in the insolvency
manager's report at 9:20 a.m. on Feb. 8, 2008 at the same venue.

Creditors have until Dec. 14 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Michael C. Frege
         Lennestr. 7
         10785 Berlin
         Germany

The District Court of  Charlottenburg opened bankruptcy
proceedings against Technischer Abbruch Berlin GmbH on Oct. 12.  
Consequently, all pending proceedings against the company have
been automatically stayed.


The Debtor can be reached at:

         Technischer Abbruch Berlin GmbH
         Meeraner Strasse 12
         12681 Berlin
         Germany


TELECENTA GMBH: Claims Registration Period Ends Nov. 20
-------------------------------------------------------
Creditors of telecenta GmbH have until Nov. 20 to register their
claims with court-appointed insolvency manager Helmut Eisner.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Dec. 19, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Karlsruhe
         Hall IV
         First Floor
         Schlossplatz 23
         76131 Karlsruhe
         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. Helmut Eisner
         Josef-Schmitt-Str. 10
         97922 Lauda-Koenigshofen
         Germany

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

The Debtor can be reached at:

         telecenta GmbH
         Attn:  Ali Ayranci, Manager
         Bahnhofstr. 149
         68756 Waghausel
         Germany


TERRA DOM: Claims Registration Period Ends Dec. 3
-------------------------------------------------
Creditors of Terra Dom Hausbau GmbH iL have until Dec. 3 to
register their claims with court-appointed insolvency manager
Dr. Achim Ahrendt.

Creditors and other interested parties are encouraged to attend
the meeting at 9:35 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 Hamburg
         Hall B 405
         Fourth Floor Annex
         Civil Justice Bldg.
         Sievkingplatz 1
         20355 Hamburg
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Achim Ahrendt
         Albert-Einstein-Ring 11/15
         22761 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against Terra Dom Hausbau GmbH iL on Oct. 17.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Terra Dom Hausbau GmbH iL
         Grosse Theaterstrasse 42
         20354 Hamburg
         Germany


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


ARVINMERITOR INC: Appoints Art Waldowski as VP of Purchasing
------------------------------------------------------------
ArvinMeritor's Commercial Vehicle Systems business has announced
the appointment of Art Waldowski as Vice President of
Purchasing, effective Nov. 1, 2007
    
Mr. Waldowski will be responsible for leading the global
purchasing team and implementing the worldwide procurement
strategy for CVS.  He will also focus on driving the Direct
Material Optimization program and strengthening and diversifying
the supply base.
    
Mr. Waldowski spent the past eight years with Valeo in Auburn
Hills, Michigan, most recently as the division director for
North American Purchasing.  Prior to that, he held various
purchasing positions within ITT and General Motors.  He has more
than 20 years of purchasing experience in the automotive
industry.
    
Mr. Waldowski holds a bachelor's of science degree in Business
Administration from Oakland University in Rochester, Michigan.

                     About ArvinMeritor

Headquartered in Troy, Michigan, ArvinMeritor, Inc. (NYSE: ARM)
-- http://www.arvinmeritor.com/-- supplies integrated systems,  
modules and components to the motor vehicle industry.  The
company serves light vehicle, commercial truck, trailer and
specialty original equipment manufacturers and certain
aftermarkets.  ArvinMeritor employs about 29,000 people at more
than 120 manufacturing facilities in 25 countries.  These
countries are: China, India, Japan, Singapore, Thailand,
Australia, Venezuela, Brazil, Argentina, Belgium, Czech
Republic, France, Germany, Hungary, Italy, Netherlands, Spain,
Sweden, Switzerland, United Kingdom, among others.

                        *     *     *

As reported in the Troubled Company Reporter on Oct. 9, 2007,
Fitch Ratings downgraded its ratings on ArvinMeritor Inc.
including Issuer Default Rating to 'BB-' from 'BB'; Senior
secured revolver to 'BB' from 'BB+'; and Senior unsecured notes
to 'B+' from 'BB-'.  Fitch said the rating outlook is negative.

Standard & Poor's Ratings Services lowered its corporate credit
rating and related ratings on ArvinMeritor Inc. to 'B+' from
'BB-'.  S&P said the outlook is negative.

Moody's Investors Service downgraded ArvinMeritor's Corporate
Family Rating to B1 from Ba3 and maintained the outlook at
stable.  Moody's also lowered its ratings on the company's
secured bank obligations (to Ba1, LGD-1, 8% from Baa3, LGD-2,
13%) and unsecured notes (to B2, LGD-4, 63% from B1, LGD-4,
63%).  The Probability of Default is changed to B1 from Ba3,
while the company's Speculative Grade Liquidity rating remains
SGL-2.  Moody's said the outlook is stable.


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


ALITALIA SPA: Sept. 30 Group Net Climb to EUR1.17 Billion
---------------------------------------------------------
Alitalia Group’s net debt as of Sept. 30, 2007, amounted to
EUR1.171 billion, showing an increase in net indebtedness of
EUR66 million compared to the situation on Aug. 31, 2007.

This increase is mainly due to the seasonal nature of takings
during the period in question, which is negatively affected by
sales in August, usually reduced by the overall decrease in
industrial activities.

The net debt of the parent company Alitalia including short-term
financial credits for subsidiaries on Sept. 30, 2007, amounted
to EUR1.169 million increasing EUR76 million (+7.0%) compared to
net debt as of Aug. 31, 2007.

The Group’s cash-to-hand and short-term financial credits as of
Sept. 30, 2007, at the Group level and for Alitalia, amounted to
EUR442 million and EUR444 million respectively.

It should be noted that as of Sept. 30, 2007, there were several
leasing contracts at the Group level, which capital share,
including lease closure value, amounted to EUR98 million.  By
comparison, the same figure as of Aug. 31, 2007, amounted to
EUR100 million.

It should also be noted that existing debts to banks are almost
entirely backed up by real guarantees (mortgages on aircraft) or
by personal guarantees (mainly guarantees issued by banks for
export credit).  The relative financing contracts contain
standard legal clauses relating to withdrawal. None of the
contracts refer to specific requirements regarding assets or
economic/financial aspects, in order to maintain the credit
line.

During September 2007, repayments were made of medium/long-term
financing amounting to EUR13 million.  Regarding debts of a
financial, fiscal and social welfare nature, there were no
outstanding sums or payment irregularities on Sept. 30, 2007,
both for the parent company and for the other companies in the
Group.

As far as debts of a commercial nature are concerned, there were
no outstanding sums or payment irregularities on Sept. 30, 2007,
both for the parent company and for other Group companies,
except for those relating to disputed situations.

Regarding the latter, there were outstanding sums owed to one
airport management company for disputed debts amounting to a
total of about EUR64 million as of Sept. 30, 2007.  Regarding
that, it should be pointed that during June 2007, it has been
formalized a transaction agreement, under implementation, which
settled the dispute.

In addition, regardless of the mentioned transaction agreement,
the decisions are still pending for the petitions filed by
Alitalia regarding:

   -- an injunction related to supposed different pricing
      policies has been issued by a carrier for EUR2.6 million;

   -- an other injunction has been issued by supplier of on-
         board movies by EUR1.2 million (2 decrees);

   -- a further injunction has been issued by an IT services
      supplier for about EUR812,000;

   -- an injunction has been issued by an Italian subsidiary of
      air carrier Bankruptcy for EUR288,000;

   -- another injunction has been issued by a maintenance
      services supplier for EUR490,000; and

   -- there are injunctions issued by suppliers for a total of
      EUR371,000 (16 decrees).

There are no other injunction orders or executive actions
undertaken by creditors notified as of Sept. 30, 2007, nor are
there any threats by suppliers to suspend operations.

Finally, regarding the availability of cash-to-hand, it should
be noted that, as already communicated, the 2008-2010 Business
Plan was approved on Sept. 7, 2007 and it points out a gradual
erosion of equity and cash-to-hand during the Plan period in the
absence of a capital increase.

However, the forecast is that cash-to-hand will remain at a
adequate level during the first part of the Plan and, in any
case, enough to ensure the Company going concern for more than
12 months, without any significant critical issues in the
implementation of the Plan’s main elements, as pointed out in
the press release issued on the same date.  Otherwise, such
critical issues could bring about the conditions for taking
immediate action regarding the capital increase.

                         About Alitalia

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

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


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


AKTOBE WIDE: Creditors Must File Claims by December 11
------------------------------------------------------
LLP Aktobe Wide Plus has declared insolvency.  Creditors have
until Dec. 11 to submit written proofs of claim to:

         LLP Aktobe Wide Plus
         Micro District 11, 81-9
         Aktobe
         Aktube
         Kazakhstan


ALLIANCE STROY: Proof of Claim Deadline Slated for December 7
-------------------------------------------------------------
LLP Alliance Stroy Invest in Petropavlovsk has declared
insolvency.  Creditors have until Dec. 7 to submit written  
proofs of claim to:

         LLP Alliance Stroy Invest
         Konstitutsiya Kazakhstana Str. 2
         Petropavlovsk
         North Kazakhstan
         Kazakhstan


BAIKAL ENERGOMARKET: Claims Filing Period Ends December 11
----------------------------------------------------------
LLP Baikal Energomarket has declared insolvency.  Creditors have
until Dec. 11 to submit written proofs of claim to:

         LLP Baikal Energomarket
         Micro District Jetysu-2, 18-35
         Almaty
         Kazakhstan


ENGINEERING PROJECT:  Atkube Court Opens Bankruptcy Proceedings
---------------------------------------------------------------
The Specialized Inter-Regional Economic Court of Aktube has  
commenced  bankruptcy proceedings against LLP Construction
Company Engineering Project Stroy on Oct. 8.


TRANSIT CONTRACT-EXPO: Claims Registration Ends December 7
----------------------------------------------------------
LLP Transit Contract-Expo has declared insolvency.  Creditors
have until Dec. 7 to submit written proofs of claim to:

         LLP Transit Contract-Expo
         Semipalatinskaya Str. 1/2
         Atyrau
         Kazakhstan
         Tel: 8 (7122) 32-14-59


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


STAR DEVELOPERS: Proof of Claim Deadline Slated for December 12
---------------------------------------------------------------
LLC Star Developers has declared insolvency.  Creditors have
until Dec. 12 to submit written proofs of claim.

Inquiries can be addressed to (+996 312) 21-25-64.


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


CA INC: Earns US$137 Million in Quarter Ended Sept. 30
------------------------------------------------------
CA Inc. disclosed its financial results for its second quarter
fiscal year 2008, which ended Sept. 30, 2007.

The company had net income of US$137 million for the three
months ended Sept. 30, 2007, compared to net income of US$53
million for the same period in 2006.

"This marks CA’s fourth consecutive quarter of solid
performance. We made another significant advancement toward our
goal of transforming CA into one of the world’s leading software
providers," said John Swainson, CA’s president and chief
executive officer.  "The world’s largest and most sophisticated
IT users are coming to us to help them govern, manage and secure
their IT infrastructures using CA software."

"We are seeing real excitement from these customers as they see
how CA’s products and services can help them manage the cost of
IT, improve its efficiency and security, and allow them to
ensure that their IT investments are aligned with their business
strategy.  We will continue to invest in software technology
that does this, even as we improve our internal processes and
sales and marketing efficiency.  All of this gives us confidence
that our Enterprise IT Management strategy is right on track,
and that we are also on track to meet our financial objectives,"
he concluded.

                    Second Quarter Results

Total revenue for the second quarter was US$1.067 billion, an
increase of 8%, or 5% in constant currency, compared to US$987
million reported in the comparable prior year period.

For the first half of fiscal 2008, total revenue was US$2.092
billion, up 8% or 5% in constant currency over the first half of
fiscal 2007.

Total North American revenue was up 5% in the second quarter
while revenue from international operations was up 12%, or 5% on
a constant currency basis, compared to the same period last
year.

Total product and services bookings in the second quarter were
US$1.007 billion, an increase of 46% over the US$690 million
reported in the comparable prior year period.  The increase in
bookings was driven primarily by an increase in the number of
large contracts, which were renewed in the quarter, as well as
an increase in contract length.  During the quarter, the Company
renewed 16 license agreements greater than US$10 million,
totaling US$334 million, compared to 6 such deals, totaling
US$113 million, in the prior year period.  The weighted average
duration of new direct bookings in the second quarter was 3.17
years, compared to 2.98 years in the prior year’s second
quarter.

For the first half of fiscal 2008, total product and services
bookings were US$1.841 billion, up 47% from the US$1.252 billion
reported in the first half of fiscal 2007.  The company expects
total product and services bookings growth for the full fiscal
year to be in the low double digits.

Total expenses, before interest and income taxes, for the second
quarter were US$823 million, a decrease of 9%, or 11% in
constant currency, compared to US$907 million in the prior year
period. The second quarter was positively affected by a decrease
in amortization of capitalized software and lower restructuring
expenses from the comparable quarter last year.  In the second
quarter, GAAP operating income was US$244 million, representing
an operating margin of 23%, a 15-percentage point improvement
from the prior year period.

Total expenses, before interest and income taxes, for the first
half were US$1.637 billion, a decrease of 9%, or 11% in constant
currency, compared to the US$1.805 billion reported in the first
half of fiscal 2007.

On a non-GAAP basis, which excludes purchased software and
intangibles amortization and restructuring and other costs, the
Company reported second quarter operating expenses of US$779
million, up 3% from the US$756 million reported in the prior
year period. Excluding the negative impact of currency,
operating expenses were flat year-over-year.  In the second
quarter, non-GAAP operating income was US$288 million,
representing a non-GAAP operating margin of 27%, a 4 percentage
point improvement from the prior year period.

For the first half of fiscal 2008, non-GAAP operating expenses
were US$1.548 billion, virtually flat and down 2% in constant
currency from the US$1.539 billion reported in the same period
in fiscal 2007.

The Company recorded GAAP income from continuing operations of
US$137 million for the second quarter, or US$0.26 per diluted
common share, compared to US$54 million, or US$0.09 per diluted
common share, in the prior year period.  This improvement is a
result of higher revenue and the decrease in amortization of
software costs described above.

For the first half of 2008, GAAP income from continuing
operations was US$266 million, or US$0.49 per diluted common
share, up from the US$89 million, or US$0.15 per diluted common
share, reported in the same period in fiscal year 2007.

The company recorded non-GAAP income from continuing operations
of US$173 million for the second quarter, or US$0.32 per diluted
common share, compared to US$153 million, or US$0.26 per diluted
common share, reported a year earlier.  For the first half of
2008, non-GAAP income from continuing operations was US$332
million, up 29% from the first half of fiscal 2007, while non-
GAAP earnings per diluted common share were US$0.61 in the first
half of fiscal 2008, an increase of US$0.17, or 39%, over the
US$0.44 reported in the same period in fiscal 2007.

For the second quarter of fiscal year 2008, CA reported cash
flow from operations of US$193 million, compared to US$6 million
in cash flow from operations in the second quarter of fiscal
year 2007.  For the first half, CA reported US$180 million in
cash flow from operations, an improvement of US$220 million from
the first half of fiscal 2007.

                     Capital Structure

The balance of cash, cash equivalents and marketable securities
at Sept. 30, 2007, was US$1.890 billion.  With US$2.578 billion
in total debt outstanding, the company has a net debt position
of US$688 million.

                  Fiscal Year 2008 Outlook

The company updated its fiscal 2008 annual outlook based on
current expectations.

   * The range for total revenue increases to US$4.15 billion to
     US$4.2 billion from the prior outlook of US$4.05 billion to
     US$4.1 billion;

   * The new outlook reaffirms the Company’s original guidance
     of 3 to 4% growth in constant currency;

   * The range for GAAP earnings per share from continuing
     operations increases to US$0.87 to US$0.91 per share from
     the previous outlook of US$0.75 to US$0.81 per share and
     includes US$35 million in charges from previously disclosed
     restructuring plans;

   * The range for Non-GAAP operating earnings per share
     increases to US$1.06 to US$1.10 per share compared to the
     previous outlook of US$0.94 to US$1 per share; and,

    * The full-year cash flow from operations outlook of US$1.05
      billion to US$1.1 billion is reaffirmed.

As previously stated, the company expects a total of
approximately US$470 million in cash tax payments during the
2008 fiscal year compared to US$296 million in tax payments paid
in fiscal year 2007.  On a pre-tax basis, the company expects
cash flow from operations to be US$1.52 billion to US$1.57
billion for the full year, representing annual growth of 11 to
15% compared to pre-tax cash flow last year.

The revenue and earnings per share projections are based on
current exchange rates and assume no acquisitions.

The company anticipates approximately 514 million shares
outstanding at fiscal year-end and a weighted average diluted
share count of approximately 542 million shares for the fiscal
year.  The company also expects a full-year tax rate on non-GAAP
net income of approximately 36%.

                          About CA

Headquartered in Islandia, New York, CA Inc. (NYSE:CA) --
http://www.ca.com/-- is an information technology management  
software company that unifies and simplifies the management
ofenterprise-wide IT.  Founded in 1976, CA serves customers in
more than 140 countries.  The company has operations in Brazil,
Indonesia, Luxembourg, Philippines, and Thailand.

                        *     *     *

As reported in the Troubled Company Reporter-Latin America on
June 7, 2007, Standard & Poor's Rating Services affirmed its
'BB' corporate credit and senior unsecured debt ratings on
Islandia, New York-based CA Inc.  S&P revised the outlook to
stable from negative.

As reported in the Troubled Company Reporter-Latin America on
May 31, 2007, Fitch has affirmed these ratings for CA, Inc.:

     -- Issuer Default Rating at 'BB+';

     -- Senior unsecured revolving credit facility expiring 2008
        at 'BB+';

     -- Senior unsecured debt at 'BB+'.


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


FIRST DATA: Completes Check Forte Acquisition
---------------------------------------------
First Data Corp. has completed the acquisition of Check Forte
Processamento de Dados Ltda., a payment transaction processing
company in Sao Paulo, Brazil.

Founded in 1997, Check Forte provides data capture, switching
and POS terminal management and network processing services to
banks for bill payment transactions.  It also provides check
verification services directly to merchants.

"This acquisition will allow First Data to build on its existing
strengths and provide an extended portfolio of products and
services to the Brazilian marketplace," said Peter Harrington,
President, Latin America and Canada, First Data.  "First Data is
well equipped and positioned to support Check Forte’s clients
and deliver a compelling service proposition."

"First Data is committed to Brazil and to continuing to
strengthen its local presence in the country," said David Yates,
President, First Data International.  "We have been present in
the country since 2002 and the acquisition of Check Forte
represents our promise to continue to invest in the region."

First Data’s office in Sao Paulo, Brazil provides local support
to financial institutions using its VisionPLUS(R) transaction
processing solution.  In addition to Brazil, First Data has an
extensive reach across the region with offices in Argentina,
Costa Rica, Mexico, Miami, Panama, Puerto Rico and Uruguay.

                      About First Data

First Data Corp. (NYSE: FDC) -- http://www.firstdata.com/  
-- provides  electronic commerce and payment solutions for
businesses worldwide, including those in New Zealand, the
Netherlands, and Mexico.  The company's portfolio of services
and solutions includes merchant transaction processing services;
credit, debit, private-label, gift, payroll and other prepaid
card offerings; fraud protection and authentication solutions;
receivables management solutions; electronic check acceptance
services through TeleCheck; as well as Internet commerce and
mobile payment solutions.  The company's STAR Network offers
PIN-secured debit acceptance at 2 million ATM and retail
locations.

                        *     *     *

As reported in the Troubled Company Reporter-Latin America on
Oct. 17, 2007, Fitch Ratings has assigned a 'B-' rating to First
Data Corp.'s proposed US$2 billion senior unsecured notes due
2015 offering.

As reported in the Troubled Company Reporter-Latin America on
Sept. 19, 2007, Moody's Investors Service has assigned these
ratings:

   -- Corporate Family Rating - B2

   -- US$2 billion senior secured revolving credit facility
      (expires 2013) - Ba3, LGD2 (27%)

   -- US$13 billion senior secured Term Loan B (due 2014) - Ba3,
      LGD2 (27%).


HEXION SPECIALTY: Closes German Resins Business Acquisition
-----------------------------------------------------------
Hexion Specialty Chemicals Inc. has completed its acquisition of
the German resins and formaldehyde business of Arkema GmbH.

The business is based in the Leuna industrial park in Leuna,
Germany, employs 100 people and generated revenues of EUR101
million in 2006.  It manufactures formaldehyde and formaldehyde-
based resins including urea-formaldehyde, melamine-urea-phenol-
formaldehyde and other melamine-based resin systems.  These
resins are used to manufacture engineered wood panels such as
oriented strandboard, particleboard and medium density
fiberboard.  It also produces impregnation resins used to
laminate decorative paper surfaces to wood products.  Hexion
announced an agreement in late May to acquire the Arkema
business.

"We are pleased to welcome this business and its associates into
the Hexion organization," said Dale Plante Hexion vice
president, Forest Products – Europe.  "The Leuna operation and
its team of people will strengthen Hexion’s position in the
European wood products market, particularly in the important
German marketplace."

Plante will serve as managing director of the business, which
has been renamed Hexion Specialty Chemicals Forest Products
GmbH.  It will become part of Hexion’s global forest product
resins network, which serves producers of engineered wood
products around the world.

Based in Columbus, Ohio, Hexion Specialty Chemicals Inc. --
http://www.hexion.com/-- serves the global wood and industrial  
markets through a broad range of thermoset technologies,
specialty products and technical support for customers in a
diverse range of applications and industries.  Hexion Specialty
Chemicals is owned by an affiliate of Apollo Management, L.P.
The company has locations in China, Australia, Netherlands, and
Brazil. It is an Apollo Management L.P. portfolio company.
Hexion had 2006 sales of US$5.2 billion and employs more than
7,000 associates.

                        *     *     *

As reported in the Troubled Company Reporter on July 9, 2007,
Standard & Poor's Ratings Services placed its 'B' corporate
credit rating and other ratings on Columbus, Ohio-based Hexion
Specialty Chemicals Inc. on CreditWatch with negative
implications.  The ratings on related entities were also placed
on CreditWatch.


IMPRESS HOLDINGS: Moody's May Lift Low-B Ratings After Review
-------------------------------------------------------------
Moody's Investors Service placed the B1 Corporate Family Rating
for Impress Holdings BV, the Ba3 ratings for the EUR615 million
and US$175 million senior secured Floating Rate Notes 2013 and
the B3 rating for the EUR250 million senior subordinated notes
2014 under review for possible upgrade.  

The rating action follows general improvements in the company's
operating performance and the announcement that Impress is
seeking a listing.

The total size of the offering is expected to be in excess of
EUR600 million, of which we expect the shareholders to
downstream around EUR250 million to Impress, principally for
debt reduction. Impress intends to repay approximately EUR90
million of its FRNs, EUR87.5 million of its SSNs and to reduce
EUR70 million of short-term finance taken on for the recently
concluded acquisition of Amcor's can plants in Australia and New
Zealand.

In its review, Moody's will assess the outlook for further
improvements in Impress' operating performance, which has
gradually strengthened since the last rating action on Sept. 5,
2006, when Impress had announced its last substantial
recapitalization.

Additionally, the review will focus on:

   (i) the realized proceeds from the IPO and the subsequent
       debt reduction at Impress;

  (ii) the future financial strategy of management; and

(iii) the impairment risk regarding the remaining shareholder's
       loan receivable.

The review is likely to be concluded before year end 2007.  The
extent of an upgrade, if any, is likely to be limited to one
rating notch.

Impress Holdings B.V. is a leading player in the European
canning industry with a solid position in North America's food
canning market.  For the last fiscal year the company recorded
sales of nearly EUR1.5 billion.  Headquartered in Deventer, The
Netherlands, Impress has about 8,500 employees.


TRONOX INC: Posts US$19.1 Mln Net Loss in Quarter Ended Sept. 30
----------------------------------------------------------------
Tronox Incorporated reported Wednesday preliminary results for
the fiscal third quarter ended Sept. 30, 2007.

Tronox reported a net loss of US$19.1 million on net sales of
US$363.1 million for the 2007 third quarter, compared with a net
loss of US$14.0 million on net sales of US$378.6 million for the
2006 third quarter.  The decrease in net sales was due to lower
pigment sales prices and volumes, which continued to be impacted
by market conditions in North America, partially offset by the
euro exchange rate.

Tronox reported a loss from continuing operations for the 2007
third quarter of US$18.7 million, compared with a loss from
continuing operations in the 2006 third quarter of US$700,000.
Compared to the prior year, the third quarter of 2007 was
negatively impacted by a US$9.6 million restructuring charge,
lower sales prices, increased costs and a US$7.0 million tax
valuation allowance related to the company's European
restructuring.  The US$9.6 million restructuring charge was
primarily related to severance and special termination benefits
resulting from the work force reduction announced in August.
         
"Although this has been a challenging year for the TiO2
industry, with downward pricing pressure and increasing energy,
input and transportation costs, we continue to improve in the
areas we can control," said Tom Adams, Tronox chairman and chief
executive officer.  "Third-quarter costs were down versus the
second quarter in spite of higher input costs, and cash flows
from operating activities remained positive.  This is a result
of our continued success with Project Cornerstone.
    
"As we continue our efforts to improve the bottom line, we also
are working to address the top line by increasing prices.  
Improved pricing is critical, as our industry cannot continue to
absorb higher input costs," said Adams.  "As such, Tronox
announced TiO2 price increases for all regions during the past
two quarters, and, in the fourth quarter, we are beginning to
see traction on previously announced increases."

At Sept. 30, 2007, the company had US$1.748 billion in
consolidated assets and US$462.0 million in total shareholders'
equity.  

                      Debt and Cash Balances
    
During the third quarter of 2007, Tronox continued to reduce its
working capital and generated cash flows from operating
activities of US$82.3 million, including proceeds of US$62
million that resulted from its three-year receivables
securitization program.  Approximately 50% of the net proceeds
were used to reduce the term loan by US$30 million at the end of
September, and in October, Tronox used an additional US$20
million from the securitization proceeds to further reduce its
term loan.  The remaining proceeds will be used for general and
corporate purposes and potential debt
reductions in the future.

Tronox reduced its total debt by US$32.2 million during the
third quarter, primarily as a result of entering into the
securitization program.  At Sept. 30, 2007, the company had cash
and cash equivalents of US$64.9 million and no borrowings
outstanding under its US$250 million revolving credit facility
resulting in net debt outstanding of US$440.4 million.

                         About Tronox

Headquartered in Oklahoma City, Tronox Inc. (NYSE: TRX) --
http://www.tronox.com/-- is the world's third-largest
producer and marketer of titanium dioxide pigment, with an
annual production capacity of 642,000 tonnes.  Titanium dioxide
pigment is an inorganic white pigment used in paint, coatings,
plastics, paper and many other everyday products.  The company's
five pigment plants, which are located in the United States,
Australia, Germany and the Netherlands, supply high-performance
products to approximately 1,100 customers in 100 countries.  In
addition, Tronox produces electrolytic products, including
sodium chlorate, electrolytic manganese dioxide, boron
trichloride, elemental boron and lithium manganese oxide.

                          *     *     *
    
As reported in the Troubled Company Reporter on Sept. 20, 2007,
Standard & Poor's Ratings Services lowered its corporate credit
and other ratings on Tronox Inc. by one notch.  The corporate
credit rating was lowered to 'B+' from 'BB-'.  At the same time,
S&P removed its ratings from CreditWatch with negative
implications where they were placed on July 12, 2007.  The
outlook is negative.


===========
N O R W A Y
===========


NORSKE SKOGINDUSTRIER: Moody's Cuts Corp. Family Rating to Ba2
--------------------------------------------------------------
Moody's Investors Service downgraded the Corporate Family Rating
of Norske Skogindustrier ASA to Ba2 from Ba1 and placed all
ratings on review for further possible downgrade.

"The downgrade was driven primarily by a continued subdued
pricing and volume environment for newsprint and magazine paper
grades and by ongoing input cost inflation to which Norske Skog
is particularly exposed, given its relatively low degree of
integration in fibre, Martin Kohlhase, Moody's lead analyst for
the paper and forest products industry in Europe commented.  
"When assessing the combined impact of these factors, this
pressure has offset the benefits from Norske Skog's
restructuring programme".  Mr. Kohlhase added.  

In this present environment and also for the foreseeable future,
Moody's believes it is difficult for Norske Skog to
significantly improve its metrics back to a high Ba or even
investment-grade rating level from the current levels (which
indicate a rating more in line with a low Ba rating), as
demonstrated by retained cash flow to debt of 10%, and for (RCF-
Capital expenditures) to debt at around 1% for the last twelve
months ending Sept. 30, 2007.

Against this weakened credit profile of Norske Skog, Moody's
acknowledges that there are a number of parameters that could
have a positive short- to medium term impact on the industry and
its fundamentals.  

The review will therefore focus on the extent that these factors
could at least partially reverse the pressure on Norske Skog's
credit profile going forward:

   (i) the Abitibi-Bowater merger and any resulting capacity
       adjustments that may influence the North American-
       European newsprint trade flow;

  (ii) volatile foreign exchange rates;

(iii) announced and possible further capacity closures in
       Europe;

  (iv) further industry consolidation, which could change Norske
       Skog's credit profile, as well as

   (v) annual price negotiations for contracted newsprint
       expected to conclude in the first quarter of 2008.  All
       these factors may directly and indirectly impact volumes
       and prices in Norske Skog's main European market and key
       credit metrics.

Moody's anticipates that the pricing outlook for newsprint
continues to be bleak, exacerbated by the long-term structural
issues such as the shrinking global demand as a result of a
shift from traditional print to electronic and digital media.
Moody's continues to factor this secular trend into the rating.

Moody's will look to conclude the rating review if and when
material new information on the review factors becomes
available.  Given the timing of several factors, such as the
market impact of the Abitibi-Bowater transaction or annual
newsprint price negotiations, however, Moody's review may extend
to the end of March 2008.

The rated debt instruments were also affected by the rating
action:

Issuer: Norske Skogindustrier ASA

* Downgrades:

   -- Probability of Default Rating, Downgraded to Ba2 from Ba1

   -- Corporate Family Rating, Downgraded to Ba2 from Ba1

   -- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba2
      from Ba1

* On Review for Possible Downgrade:

   -- Senior Unsecured Regular Bond/Debenture, Placed on Review
      for Possible Downgrade, currently 55 - LGD4

* Assignments:

   -- Senior Unsecured Regular Bond/Debenture, Assigned Ba2

* Outlook Actions:

   -- Outlook, Changed To Rating Under Review From Negative

Norske Skog is among the world's leading producers of
publication papers and is one of the most regionally diversified
paper producers, although the share from mature markets (Europe,
Australia) is still relatively high at more than 72%.  The
company, founded in 1962 with its headquarters in Lysaker,
Norway, generated sales of NOK28.8 billion in 2006 and employed
more than 8,000 people.


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


AFFILIATED COMPUTER: Earns US$66.1 Mln in Quarter Ended Sept. 30
----------------------------------------------------------------
Affiliated Computer Services Inc. reported Thursday results of
its first quarter fiscal year 2008 ended Set. 30, 2007.

The company reported net income of US$66.1 million for the first
quarter of fiscal 2008, compared with net income of US$61.4
million for the first quarter of fiscal 2007.

The compay reported revenues of US$1.49 billion, an 8% increase
compared to the prior year quarter.  The company's internal
revenue growth rate for the quarter was 6%.  First quarter
adjusted non-GAAP operating income was US$164 million, a 10%
increase over the prior year quarter adjusted non-GAAP operating
income.  Consolidated adjusted non-GAAP operating margins were
11.0%, a 30 basis point increase from the prior year quarter
adjusted non-GAAP operating margins.  

"Our goals for 2008 are to show consistent and good growth in
revenue, operating income and earnings per share each quarter.  
Our first quarter results demonstrate that we are accomplishing
our objectives," said Lynn Blodgett, ACS president and chief
executive officer.  "Our operational execution is excellent, our
financial discipline strong and systematic, and our focus on
cost reduction is organized and constant.  I am confident that
2008 will be a strong year for ACS."

Cash flow from operations during the first quarter was
approximately US$8 million.  This quarter's cash flow results
were impacted by the company's annual management incentive
compensation payments and the timing of accounts receivable
collections. Capital expenditures and additions to intangible
assets were approximately US$75 million, or 5% of revenue.  Free
cash flow during the quarter was negative US$67 million.

The company's first quarter cash flow results also included
approximately US$41 million, or approximately 3% of revenues, of
interest paid on debt, cash paid related to legal and other
costs associated with the ongoing stock option investigations,
potential sale of the company and shareholder derivative
lawsuits, partially offset by cash interest income.

At Sept. 30, 2007, the company's consolidated balance sheet
showed
US$6.08 billion in total assets, US$3.92 billion in total
liabilities, and US$2.16 billion in total shareholders' equity.

                    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.


DAEWOO MOTOR: To Resume Production of Honker Cars at Lublin
-----------------------------------------------------------
Leszek Liszcz, the receiver of Daewoo Motor Polska Sp. z o.o.,
has revealed that the company is to resume limited production of
the 4x4 Honker vehicle at its Lublin factory following the
bankruptcy of car manufacturer Intrall Polska, the Financial
Times relates a Polish News Bulletin report.

According to the report, the receiver has ruled out autonomous
production of the Honker vehicle, which the Polish army uses in
Iraq.

"I decided to re-launch production.  It's going to be a small
order of several cars for the time being.  We want to fulfill
the commitments made by Intrall.  Then, I'm going to organize
standard assembly process," Mr. Liszcz was quoted by Puls
Biznesu as saying.

Andoria Mot, together with Intrall, inherited the rights to the
production of Honker all-terrain vehicles from the liquidators
of Daewoo, Polish Business News relates.

Puls Biznesu says Mr. Liszcz intends to find a new investor for
Daewoo.  However, a tender to buy the rights to produce the
honker cars was canceled this year, while a new tender is yet to
be announced.

On Oct. 1, 2001, a Lublin court declared Daewoo bankrupt after
the company could no longer pay its debts and failed to find a
buyer.

Daewoo blamed its insolvency on its parent company in South
Korea, which at the time was holding talks with General Motors,
BBC News states.


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


AUTOTECHSUPPLY LLC: Creditors Must File Claims by Dec. 27
---------------------------------------------------------
Creditors of AutoTechSupply LLC have until Dec. 27 to submit
their proofs of claim to:

         D. E. Molin
         P.O. Box 116
         Ufa-32
         450032 Bashkortostan
         Russia
         Tel: 260-78-35

The Arbitration court of Bashkortostan commenced competitive
proceedings on the company on Sept. 26, 2007.  

The Court is located at:

         The Arbitration Court of Bashkortostan
         Oktyabrskoy Revolyutsii Str. 63a
         Ufa
         Bashkortostan
         Russia

The Debtor can be reached at:

         AutoTechSupply LLC
         Transportnaya Str. 52/2-44
         Ufa
         Bashkortostan
         Russia


BALTAUTOMATIKA-EM CJSC: Bankruptcy Hearing Slated for Jan. 23
-------------------------------------------------------------
The Arbitration Court of St. Petersburg and the Leningrad will
convene on Jan. 23, 2008 to hear the bankruptcy supervision
procedure on CJSC BaltAutomatika-EM.  The case is docketed under
Case No. ?56-25949/2007.

The interim manager is:

         P. P. Zimin
         Factory 48-62
         Kolpino
         196657 SPb
         Russia

The Court is located at:

         The Arbitration Court of St. Petersburg and the                     
               
         Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         CJSC BaltAutomatika-EM
         Pom. 2-N
         Kirochnaya Str. 44
         191123 St. Petersburg
         Russia


BUCYRUS INT'L: Paying US$0.05 Per Share Quarterly Dividend
----------------------------------------------------------
The Board of Directors of Bucyrus International, Inc., has
declared a quarterly dividend of US$0.05 per share on Bucyrus'
Class A common stock.  The dividend is payable Dec. 3, 2007, to
Bucyrus stockholders of record on Nov. 15, 2007.  Bucyrus' Class
A common stock is quoted on the NASDAQ Global Select Market
under the symbol "BUCY."

              About Bucyrus International, Inc.

Bucyrus International -- http://www.bucyrus.com/-- is a leading  
manufacturer of electric mining shovels, walking draglines and
rotary blasthole drills and provides aftermarket replacement
parts and services for these machines.  For the 12 months ended
Sept. 30, 2006, Bucyrus had sales of US$705 million.  Bucyrus is
headquartered in South Milwaukee, Wisconsin.  DBT has eight
facilities around the world and approximately 3,200 employees.  
The company has operations in Brazil, Chile, and Russia.

                        *     *     *

As reported in the Troubled Company Reporter-LAtin America on
June 7, 2007, Standard & Poor's Ratings Services revised its
recovery rating on Bucyrus's credit facilities.  The bank loan
rating remains 'BB-', however the recovery rating was revised to
'3' from '4', indicating S&P's expectation that these lenders
would receive meaningful recovery (50%-80%) in a payment
default.

The paydown of more than US$300 million in the term loan -- to
US$500 million from US$825 million from proceeds of a recent
equity offering -- was the primary reason for the rating change.

The corporate credit rating on Bucyrus is BB-/Positive/--


DISTILLERY ZAVODOUKOVSKIJ: Creditors Must File Claims by Dec. 27
----------------------------------------------------------------
Creditors of OJSC Distillery Zavodoukovskij have until Dec. 27
to submit their proofs of claim to:

         O. A. Kyzhinaev
         Malygina str., 5-33
         625048 Tyumen
         Russia

The Arbitration court of Tyumen commenced six-months competitive
proceedings against the company after finding it insolvent on
Oct. 15, 2007.  The case is docketed under Case No. ?-70-3699/
3-2007.

The Court is located at:

         The Arbitration Court of Tyumen
         Khokhryakova Str. 77
         627000 Tyumen
         Russia

The Debtor can be reached at:

         OJSC Distillery Zavodoukovskij
         Zavodskaya Str. 2
         Padun Settlement
         Zavodoukovskij Raion
         Tyumen
         Russia


HYNIX SEMICONDUCTOR: Signs Consulting Deal with Ecoeye
------------------------------------------------------
Hynix Semiconductor signed a consulting deal with local
environment company Ecoeye to enter the carbon dioxide emissions
trade market, Korea.net reports.

According to the report, under the business contract, Ecoeye
will help Hynix explore ways to reduce emissions of greenhouse
gases at its main chipmaking plants in Icheon and Cheongju.

The news agency relates that under the Kyoto Protocol of 1997,
the amount of reduced carbon dioxide emissions can be sold for
cash and Annex I countries are required to reduce their
aggregate emissions of greenhouse gases by at least 5% from 1990
levels during the 2008-2012 period.

Korea, a non-member of Annex I, is is ranked 10th in the world
in terms of carbon dioxide emissions as of last year, drawing
increased pressure from the international community to join the
mandatory reduction programs, the report says.

The report notes that Hynix has developed the necessary
technologies that can reduce greenhouse gases generated in the
process of memory chip production.  Based on this
infrastructure, it can now enter the emissions exchange market
where its carbon-reducing efforts will be officially recognized
by the U.N. organization, the report adds.

                  About Hynix Semiconductor

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

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

                          *     *     *

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

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

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

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


INDUSTRIAL INVESTMENT: Creditors Must File Claims by Dec. 27
------------------------------------------------------------
Creditors of CJSC Industrial Investment Company have until
Dec. 27 to submit their proofs of claim to:

         D. E. Molin
         P.O. Box 116
         Ufa-32
         450032 Bashkortostan
         Russia
         Tel: 260-78-35

The Arbitration court of Bashkortostan commenced competitive
proceedings on the company on Sept. 26, 2007.  

The Court is located at:

         The Arbitration Court of Bashkortostan
         Oktyabrskoy Revolyutsii Str. 63a
         Ufa
         Bashkortostan
         Russia

The Debtor can be reached at:

         CJSC Industrial Investment Company
         Vostretsova Str. 9/1-60
         Ufa
         Bashkortostan
         Russia


KEDR LLC: Creditors Must File Claims by Dec. 27
-----------------------------------------------
Creditors of Kedr LLC have until Dec. 27 to submit their proofs
of claim to:

         D. E. Molin
         P.O. Box 116
         Ufa-32
         450032 Bashkortostan
         Russia
         Tel: 260-78-35

The Arbitration court of Bashkortostan commenced competitive
proceedings on the company on Sept. 26, 2007.  The case is
docketed under Case No. N ?07-12871/07-?-???.

The Court is located at:

         The Arbitration Court of Bashkortostan
         Oktyabrskoy Revolyutsii Str. 63a
         Ufa
         Bashkortostan
         Russia

The Debtor can be reached at:

         Kedr LLC
         Ordzhonikidze Str. 12/1-71
         Ufa
         Bashkortostan
         Russia


KOLKHOZ ZHIGULI: Creditors Must File Claims by Dec. 27
------------------------------------------------------
Creditors of Kolkhoz Zhiguli have until Dec. 27 to submit their
proofs of claim to:

         V. F. Gordeev
         Competitive proceedings manager
         Zavodskoye shosse 13D
         443022 Samara
         Russia

The Arbitration court of Samara declared Kolkhoz Zhiguli
insolvent on Sept. 17, 2007.  The case is docketed under Case
No. ?55-17687/2006.

The Court is located at:

         The Arbitration Court of Samara
         Avrory Str. 148
         443045 Samara
         Russia

The Debtor can be reached at:

         Kolkhoz Zhiguli
         Zhiguli Settlement
         Stavropol' Krai
         Samara
         Russia


MEDEO LLC: Creditors Must File Claims by Dec. 27
------------------------------------------------
Creditors of Shopping House Medeo LLC have until Dec. 27 to
submit their proofs of claim to:

         D. E. Molin
         P.O. Box 116
         Ufa-32
         450032 Bashkortostan
         Russia
         Tel: 260-78-35

The Arbitration court of Bashkortostan commenced competitive
proceedings on the company on Sept. 26, 2007.  The case is
docketed under Case No. N ?07-12874/07-?-???.

The Court is located at:

         The Arbitration Court of Bashkortostan
         Oktyabrskoy Revolyutsii Str. 63a
         Ufa
         Bashkortostan
         Russia

The Debtor can be reached at:

         Shopping House Medeo LLC
         Ferina Str. 19-1
         Ufa
         Bashkortostan
         Russia


MOLOT CJSC: Creditors Must File Claims by Dec. 27
-------------------------------------------------
Creditors of CJSC Sport-Training Center Molot have until Dec. 27
to submit their proofs of claim to:

         V. F. Ryadkin
         P.O. Box 2865
         614030 Perm
         Russia

The Arbitration Court of Perm' krai commenced six-months
competitive proceedings against the company after finding it
insolvent on Sept. 5, 2007.  The case is docketed under Case No.
?50-4138/2007-?-1.

The Debtor can be reached at:

         CJSC Sport-Training Center Molot
         Sportivnaya Str. 1
         614053 Perm
         Russia


NEVSKAYA LLC: Creditors Must File Claims by Nov. 27
---------------------------------------------------
Creditors of Lumber Factory Nevskaya LLC have until Nov. 27 to
submit proofs of claim to:

         V. Yu. Molokanov
         Office 206
         English Pr. 3
         190121 St. Petersburg
         Russia

The Arbitration Court of St. Petersburg and the Leningrad
commenced competitive proceedings on the company on Oct. 3,
2007.  The case is docketed under Case No. ?56-16420/2007.

The Court is located at:

         The Arbitration Court of St. Petersburg and the                     
               
         Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         Lumber Factory Nevskaya LLC
         Soviet Str. 1
         Nevskaya Dubrovka Settlement
         Vsevolozhskij Raion
         188684 Leningrad
         Russia


PERVOMAYSKIJ OJSC: Asset Sale Slated for Nov. 27
------------------------------------------------
E. V. Shirokova, the competitive proceedings manager of OJSC
Starch Factory Pervomayskij, will open a public auction for the
company's properties at 10:00 a.m. on Nov. 27.

The starting price for the auctioned assets is RUR742,474.  
Deposit required is 20% of the starting price.

Interested participants have until noon on Nov. 21 to submit
their bidding documents to:

         E. V. Shirokova
         Office 106
         Komsomol'skij Per. 3
         Ulyanovsk
         Russia
         Tel: (8422) 42-08-23


SEMENOVSKAYA PAINTING: Asset Sale Slated for Nov. 27
----------------------------------------------------
The competitive proceedings manager of CJSC Semenovskaya
Painting, will open a public auction for the company's
properties at 1:00 p.m. on Nov. 27.

The starting price for the auctioned assets is RUR33,750,000.  
Deposit required is 20% of the starting price.

Interested participants have until Nov. 21 to submit their
bidding documents.

Information related to the auction can be obtained by calling  
+79087479401.


SKOROHOD OJSC: Creditors Must File Claims by Dec. 27
----------------------------------------------------
Creditors of OJSC Skorohod have until Dec. 27 to submit their
proofs of claim to:

         E. O. Sunko
         Zastavskaya Str. 33
         196084 St. Petersburg
         Russia

The Arbitration Court of St. Petersburg and the Leningrad region
commenced competitive proceedings against the company after
finding it insolvent on Sept. 12, 2007.  The case is docketed
under Case No. ?56-19158/2005.

The Court is located at:

         The Arbitration Court of St. Petersburg and the                     
               
         Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         OJSC Skorohod
         Zastavskaya Str. 33
         196084 St. Petersburg
         Russia


SPECSERVICE CJSC: Creditors Must File Claims by Dec. 27
-------------------------------------------------------
Creditors of CJSC SpecService have until Dec. 27 to submit their
proofs of claim to:

         E. A. Lukinyh
         Severnaya Str. 48 ?-18
         Nizhnevartovsk
         28616 Hanty-Mansijsk
         Russia

The Arbitration Court of Hanty-Mansijsk commenced competitive
proceedings on CJSC SpecService on July 23, 2007.  The case is
docketed under Case No. ?75-845/2007.

The Debtor can be reached at:

         CJSC SpecService
         Podgornaya Str. 13
         Shahty
         Rostov
         Russia


TATNEFT OAO: Earns RUR16.49 Billion in First Half 2007
------------------------------------------------------
OAO Tatneft released its unaudited consolidated interim
condensed financial statements for the first half of 2007,
prepared in accordance with U.S. generally accepted accounting
principles.

Tatneft posted RUR16.49 billion in consolidated net income on
RUR157.19 billion in consolidated revenues for the first six
months of 2007, compared with RUR17.92 billion in consolidated
net income on RUR150.86 billion in consolidated revenues for the
same period in 2006.

As of June 30, 2007, the company had RUR341.92 billion in total
consolidated assets, RUR99.61 billion in total consolidated
liabilities and RUR238.78 billion in total consolidated
shareholders’ equity.

                         About Tatneft

Headquartered in Tatartan, Russia, OAO Tatneft --
http://www.tatneft.ru/eng/-- explores for, produces, refines   
and markets crude oil.  The company operates a chain of retain
gasoline filling stations and exports some of its petrochemical
products to former Soviet Union countries and Europe.

                          *     *     *

As of Nov. 5, 2007, Tatneft carries Fitch's B+ Issuer Default
rating.  Its Short-Term rating stands at B.  Fitch said the
outlook is positive.


TRIANGLE OJSC: Creditors Must File Claims by Dec. 27
----------------------------------------------------
Creditors of OJSC Rubber Shoewear Factory Triangle have until
Dec. 27 to submit their proofs of claim to:

         E. V. Lakomskaya
         P.O. Box 48
         192029 St. Petersburg
         Russia
         Tel/fax: (812) 567-83-51

The Arbitration Court of St. Petersburg and the Leningrad
commenced a one-year competitive proceeding against the company
after finding it insolvent on Sept. 28, 2007.  The case is
docketed under Case No. ?56-25813/2003.

The Court is located at:

         The Arbitration Court of St. Petersburg and the
         Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         OJSC Rubber Shoewear Factory Triangle
         Obvodnogo Kanala Embankment 136
         198020 St. Petersburg
         Russia


URAL EXPLORER: Creditors Must File Claims by Dec. 27
----------------------------------------------------
Creditors of Ural Explorer LLC have until Dec. 27 to submit
their proofs of claim to:

         D. E. Molin
         P.O. Box 116
         Ufa-32
         450032 Bashkortostan
         Russia
         Tel: 260-78-35

The Arbitration court of Bashkortostan commenced competitive
proceedings on the company on Sept. 26, 2007.  The case is
docketed under Case No. N ?07-12876/07-?-???.

The Court is located at:

         The Arbitration Court of Bashkortostan
         Oktyabrskoy Revolyutsii Str. 63a
         Ufa
         Bashkortostan
         Russia

The Debtor can be reached at:

         Ural Explorer LLC
         Industrial Shosse Str. 112/1
         Ufa
         Bashkortostan
         Russia


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


BANKINTER 3 FTPYME: Moody's Junks EUR17.4 Million Series E Notes
----------------------------------------------------------------
Moody's Investors Service assigned these provisional ratings to
the Spanish debt to be issued by Bankinter 3 FTPYME, Fondo de
Titulizacion de Activos:

   -- (P)Aaa to the EUR180 million Series A1 notes;
   -- (P)Aaa to the EUR288.9 million Series A2 notes;
   -- (P)Aaa to the EUR91.2 million Series A3 (G) notes;
   -- (P)A1 to the EUR23.1 million Series B notes;
   -- (P)Baa3 to the EUR6 million Series C notes;
   -- (P)Ba3 to the EUR10.8 million Series D notes; and
   -- (P)C to the EUR17.4 million Series E notes.

Bankinter 3 FTPYME, FTA is a securitization of loans granted to
Spanish small and medium-sized enterprises carried out by Banco
Intercontinental Espanol, S.A. under the FTPYME program,
following the Spanish Ministry of Economy's allocation of a new
guarantee budget for such transactions for the current year.  
The 2007 budget remains constant with respect to 2006, although
it is accompanied by an increase in the limit imposed by the
Spanish Budget Stability Law on the outstanding amount of
guaranteed tranches.  It is the third SME transaction carried
out by Bankinter.

In Moody's view, this deal benefits from several strong
features, including:

   (1) guarantee of Spanish Government for Series A3(G);

   (2) a 18-month artificial write-off mechanism;

   (3) a well diversified pool in terms of geography; and

   (4) the good performance of the Bankinter I FTPYME and
        Bankinter 2 PYME deals.

Weaker features of this deal include:

   (1) the lack of pool information to assess certain pool
       characteristics;

   (2) the limited amount of spread in the transaction;

   (3) pro-rata amortization of Series B, C and D which leads to
       reduced credit enhancement of the senior series in
       absolute terms;

   (4) the negative impact of the interest deferral trigger on
       the subordinated series.  Moody's has incorporated these
       increased risks into its credit enhancement calculation.

The provisional pool of underlying assets comprised, as of
October 2007, a portfolio of 3,336 loans granted to 3,032
borrowers, all of whom are Spanish small and medium-sized
enterprises.  The loans were originated between 1997 and April
2007, with a weighted average seasoning of 1.78 years and a
weighted average remaining life of 12.95 years. The interest
rate is floating for 100% of the pool.  The weighted average
interest rate is 4.86%. 86% of the outstanding of the portfolio
is secured by a first-lien mortgage guarantee over different
types of properties, with a weighted average loan to value equal
to 55%. Geographically, the pool is concentrated in Madrid
(27%), Valencia (13%) and Andalusia (13%), and is around 33%
concentrated in the "buildings and real estate" sector according
to Moody's industry classification.  At closing, none of the
loans will have amounts more than 30 days past due.

In comparison with its predecessor (Bankinter 2 PYME), the most
outstanding differences are:

   (1) lower weighted average seasoning, accompanied by a higher
       weighted remaining term; and

   (2) lower borrower concentration.

Moody's based the provisional ratings primarily on an evaluation
of:

   (i) the underlying portfolio of loans;

  (ii) the historical performance and other statistical
       information;

(iii) the swap agreement hedging the interest rate risk;

  (iv) the credit enhancement provided through the Guaranteed
       Investment Contract account, the excess spread, the
       reserve fund and the subordination of the notes; and

   (v) the legal and structural integrity of the transaction.

Moody's issues provisional ratings in advance of the final sale
of securities, and these ratings only reflect Moody's
preliminary credit opinions regarding the transaction. Upon a
conclusive review of the final pool of assets and the final
documentation, Moody's will endeavor to assign a definitive
rating to the notes.  A definitive rating, if any, may differ
from a provisional rating.

The provisional ratings address the expected loss posed to
investors by the legal final maturity (February 2046).  In
Moody's opinion, the structure allows for timely payment of
interest and ultimate payment of principal at par with respect
to the Series A1, A2, A3(G), B, C and D notes, and for ultimate
payment of interest and principal at par with respect to the
Series E notes, on or before the final legal maturity date.
Moody's ratings address only the credit risks associated with
the transaction.  Other non-credit risks have not been
addressed, but may have a significant effect on yield to
investors.


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


AVNET INC: To Combine Acquired ChannelWorx Pty with Avnet Tech
--------------------------------------------------------------
Avnet Inc. has acquired ChannelWorx Pty Ltd of Australia.   
ChannelWorx will be integrated into Avnet Technology Solutions'
Australia business.

In addition to gaining 300 resellers and systems integrators,
the acquisition will bring Avnet new employees with experience
in storage networking and solutions.

KP Tang, president of Avnet Technology Solutions, Asia Pacific,
noted that the acquisition is a significant step in diversifying
Avnet’s business in the market.  "Adding this strong line-up of
networking suppliers from ChannelWorx to our product offerings
moves us strategically into emerging and high-growth
technologies with incremental cross selling opportunities," Mr.
Tang added.  "This acquisition represents the opportunity to
gain greater scale and scope in the market and offer greater
value to our reseller partners in Australia."

The transaction will also provide Avnet Technology Solutions
Australia with a greater presence in Melbourne.  

"Expanding both our geographic footprint and our technology
solutions offerings fits perfectly with our strategic growth
plan," Gavin Lawless, general manager of Avnet Technology
Solutions Australia, added.  "We are excited about the
opportunities this acquisition will provide to accelerate growth
for our partners and for Avnet."

             About ChannelWorx Pty Ltd of Australia    

Headquartered in Melbourne, ChannelWorx Pty Ltd of Australia is  
a networking and security distributor established in 1989.  
ChannelWorx markets a portfolio of networking products from
suppliers including Juniper, Extreme Networks, Ironport, and
Avaya and software products from Google.

                      About Avnet Inc

Phoenix, Arizona-based, Avnet Inc. -- http://www.avnet.com/--    
(NYSE:AVT) distributes electronic components and computer
products for industrial customers.  It has operations in
Australia, Belgium, China, Germany, Hong Kong, India, Italy,
Indonesia, Japan, Malaysia, New Zealand, Philippines,
Singapore, Sweden, Brazil, Mexico and Puerto Rico.

Avnet Technology Solutions is an operating group of Avnet Inc.
(NYSE:AVT) -– http://www.ats.avnet.com.au/-- with locations in  
more than 30 countries.  Avnet Technology has sales divisions
focused on specific customer segments and a select line card
strategy that gives attention to the needs of its customers and
suppliers.

                          *     *     *

Moody's Investors Service placed Avnet Inc.'s long term
corporate family, senior unsecured debt and probability of
default ratings at ' Ba1' in September 2006.  The ratings still  
hold to date.


BOMBARDIER INC: Fitch Affirms Low-B Ratings and Revises Outlook
---------------------------------------------------------------
Fitch Ratings affirmed the ratings for Bombardier Inc. and
Bombardier Capital Inc., as:

Bombardier Inc.

   -- Issuer Default Rating at 'BB-';
   -- Senior unsecured debt at 'BB-';
   -- Preferred stock at 'B'.

Bombardier Capital Inc.

   -- IDR at 'BB-';
   -- Senior unsecured debt at 'BB-'.

The rating outlook has been revised to Positive from stable. The
ratings cover outstanding debt and preferred stock totaling
about US$5.4 billion as of July 31, 2007.  Due to the existence
of a support agreement and demonstrated support by the parent,
BC's ratings are linked to those of BBD.

The rating outlook revision to positive reflects expectations
for continued margin improvement, sales growth, and solid cash
generation in the next several quarters.  Strong orders in all
of BBD's businesses and a large backlog support projections for
continued improvement.  These factors, combined with some debt
maturities in February 2008, could lead to a steady improvement
in BBD's credit metrics and to a review of the ratings.

Bombardier's operating performance has been better than Fitch's
expectations in the past year.  Margins have improved at both
Bombardier Aerospace and Bombardier Transportation, sales have
grown at double digit rates in the first half of fiscal 2008,
and cash generation has been much stronger than projected.  
Strong free cash flow and an increase in regional jet orders
have addressed some of Fitch's most significant concerns, while
the business jet and transportation markets have remained solid.  
The company recapitalized in a conservative manner last year,
and it now has a solid balance sheet when considering the
improvement in most of its businesses during the past year.

Factors supporting the ratings include BBD's diversification,
leading market positions, the health of the business jet and
turboprop markets, cash balances, debt maturity schedule, BT's
successful restructuring, and large backlog.  

Rating concerns include the elevated but improving consolidated
gross debt levels compared to EBITDA; relatively low operating
margins; business jet market cyclicality; the pension plan
deficit; the impact of exchange rate volatility on margins,
financial results, and planning; and several RJ concerns,
including uncertainty regarding development of new aircraft
models and contingent obligations related to past aircraft
sales.  BBD's eventual decision about its potential entry into
the mainline aircraft market could potentially have an impact on
its financial and operating profile. Fitch believes the recent
performance issues with one operator's Q400 aircraft are not a
significant credit concern at this time.

As of July 31, 2007 BBD's leverage measures had improved from
levels reported over the past several years, largely as a result
of stronger operating performance.  Gross debt/EBITDA in the
latest 12 months ended July 31, 2007 was 4.1x compared to 4.6x
at the end of fiscal 2007.  The company's consolidated EBITDA
margins improved to 7.9% in the LTM period compared to 7.4% in
F2007.  BA's EBIT margins improved 220bps in the first half of
F2008 to 5.5%, and BT's EBIT margins improved 100 bps to 4.3%.  
Fitch expects modest margin improvement for the rest of the
year, and continued margin expansion in F2009.

The company had nearly US$3 billion of unrestricted cash
balances at the end of the fiscal second quarter, not including
US$1.2 billion of restricted cash related to its letter of
credit facility.  Restricted cash balances are not available for
liquidity purposes or for the benefit of unsecured bond holders.  
Bombardier's unrestricted cash balances are the company's sole
source of liquidity because the LOC facility is not available on
a revolving credit basis.

Free cash flow in the LTM period was US$1.4 billion.  The recent
cash performance was driven by advance payments related to
strong orders, decreases in BC's aircraft portfolio, and low
capital expenditures, all of which more than offset
discretionary pension contributions and seasonal working capital
investment.  Fitch expects BBD to generate additional free cash
flow in the second half despite higher expected capital
expenditures.

Bombardier Inc. -- http://www.bombardier.com/-- (TSE:BBD.B)
manufactures innovative transportation solutions, from regional
aircraft and business jets to rail transportation equipment,
systems and services.  Headquartered in Canada, the company also
has offices in the U.S., Northern Ireland, United Kingdom,
Germany, Switzerland, Sweden, Austria, Australia and China.


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


BER LLC: Creditors Must File Claims by November 8
-------------------------------------------------
Creditors of LLC Mass-Media Agency Ber (code EDRPOU 30667657)
have until Nov. 8 to submit their proofs of claim to:

         The Economic Court of Herson
         Gorkiy Str. 18
         73000 Herson
         Ukraine

The Economic Court of Herson commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as 12/183-B-07.

The Debtor can be reached at:

         LLC Mass-Media Agency Ber
         Komsomolskaya Str. 2
         Herson
         Ukraine


CAPITAL PLUS: Creditors Must File Claims by November 9
------------------------------------------------------
Creditors of LLC Capital Plus (code EDRPOU 32613839) have until
Nov. 9 to submit their proofs of claim to:

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

The Economic Court of Dnipropetrovsk commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed as B 15/228-07.

The Debtor can be reached at:

         LLC Capital Plus
         Artem Str. 94
         49033 Dnipropetrovsk
         Ukraine


ILMETSERVICE LLC: Creditors Must File Claims by November 9
----------------------------------------------------------
Creditors of LLC Firm Ilmetservice (code EDRPOU 30445870) have
until Nov. 9 to submit their proofs of claim to:

         The Economic Court of Odessa
         Shevchenko Avenue 4
         65032 Odessa
         Ukraine

The Economic Court of Odessa commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as 2/232-07-7800.

The Debtor can be reached at:

         LLC Firm Ilmetservice
         Pionerskaya Str. 32
         65009 Odessa
         Ukraine


UKRAINE SHPOLA: Creditors Must File Claims by November 9
--------------------------------------------------------
Creditors of CJSC Leasing Company Bread of Ukraine Shpola (code
EDRPOU 31399836) have until Nov. 9 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 proceedings
against the company after finding it insolvent.  The case is
docketed as 01/4534.

The Debtor can be reached at:

         CJSC Leasing Company Bread of Ukraine Shpola
         Artem Str. 10
         Shpola
         Cherkassy
         Ukraine


UKRMEDPROM: Proofs of Claim Filing Ends November 8
--------------------------------------------------
Creditors of Ukrmedprom (code EDRPOU 00481235) have until Nov. 8
to submit their proofs of claims to:

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

The Economic Court of Kharkov commenced bankruptcy supervision
procedure on the company.  The case is docketed as B-48/152-07.

The Debtor can be reached at:

         Ukrmedprom
         Vorobiyov Str. 8
         61057 Kharkov
         Ukraine


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


ACHTERBAHN LTD: Names Richard Dixon Fleming Liquidator
------------------------------------------------------
Richard Dixon Fleming of KPMG LLP was appointed liquidator of  
Achterbahn (U.K.) Ltd. on Aug. 13 for the creditors' voluntary
winding-up procedure.

The liquidator can be reached at:

         KPMG LLP
         1 The Embankment
         Neville Street
         Leeds
         LS1 4DW
         England


ACXIOM CORP: Declares Quarterly Dividend of 6 Cents Per Share
-------------------------------------------------------------
The Board of Directors of Acxiom(R) Corporation declared a
quarterly cash dividend of 6 cents per share payable on Nov. 26,
2007, to shareholders of record as of the close of business on
Nov. 5, 2007.

While Acxiom intends to pay regular quarterly dividends for the
foreseeable future, all subsequent dividends will be reviewed
quarterly and declared by the Board at its discretion.

Based in Little Rock, Arkansas, Acxiom(R) Corporation (Nasdaq:
ACXM) -- http://www.acxiom.com/-- integrates data, services and  
technology to create and deliver customer and information
management solutions for many of the largest, most respected
companies in the world.  The core components of Acxiom's
solutions are Customer Data Integration technology, data,
database services, IT outsourcing, consulting and analytics, and
privacy leadership.  Founded in 1969, Acxiom has locations
throughout the United States, United Kingdom, Australia and
China.

                          *     *     *

As reported in the Troubled Company Reporter on Oct. 3, 2007,
Standard & Poor's Ratings Services said its 'BB' corporate
credit rating on Acxiom Corp. remains on CreditWatch with
negative implications, where it was placed on May 17, 2007.  At
the same time, S&P also placed the 'BB' senior secured debt
ratings on CreditWatch with negative implications, because the
debt will no longer be refinanced as part of the LBO financing.


BRITISH AIRWAYS: Earns GBP487 Mln for 6-Months Ended Sept. 2007
---------------------------------------------------------------
British Airways plc posted net profit of GBP487 million on
GBP4.45 billion of revenues for the six months ended Sept. 30,
2007, compared with net profit of GBP402 million on GBP4.49
billion of revenue for the same period in 2006.

Revenue was marginally down by 0.8%.  Excluding exchange,
revenue was up 2%.

Passenger revenue fell slightly to some GBP3.9 billion on
capacity up half a percent.  Seat factor was down almost 1 point
to 78.4%.  Yields rose half a percent due to more premium
passengers traveling, although gains were largely neutralized by
exchange rates, particularly the US dollar.

Club World performed strongly, contributing to overall 2.5%
increase in premium traffic.  Non-premium traffic has been soft
on the North Atlantic and Europe.

Lower cargo volumes driven by tougher competition, and lower
yields in Asia Pacific, Europe and the U.K. - plus exchange
effects - have led to a disappointing result in cargo business.  
Revenue fell to GBP290 million.

BA's cost performance was excellent, helped by the weak US
dollar.  Total costs were down GBP150 million with unit costs
down 2.6%.  Employee costs fell by 7.1% to almost GBP1.1 billion
because of reduced pensions costs and lower severance costs.
Fuel was down 3.5% in the half year helped by the weak US
dollar.  The company has fewer aircraft on operating leases and
have renegotiated some existing leases, so costs were down
21.4%.  Engineering costs were up 6.7% because of price rises in
maintenance and higher volumes.  Handling charges, and other
operating costs have risen by 3.4% because of the cost of
dealing with baggage issues.

The financial position of the company remains strong and this
has given us the confidence to order 12 Airbus A380 aircraft,
with options for a further 7 aircraft, and 24 Boeing 787s with
options for a further 18 aircraft.

BA's cash and net debt were affected by payments into the New
Airways Pension Scheme (NAPS) and to the US Department of
Justice for anti competitive activity.  Cash at the end of
September was GBP1.8 billion, GBP599 million lower than at March
2007.  Net debt was GBP1.4 billion, up GBP422 million since the
year end.

At Sept. 30, 2007, BA's unaudited consolidated balance sheet
showed GBP10.8 billion in total assets, GBP8.1 billion in total
liabilities and GBP2.7 billion in total shareholders' equity.

The company's balance sheet at Sept. 30, 2007 also showed
strained liquidity with GBP2.9 billion in total current assets
and receivables to pay GBP3.1 billion in total current
liabilities.

Capital expenditure at GBP297 million was higher than last year
because the company took delivery of three new Airbus A321
aircraft and continue to invest in the new Club World cabin and
Terminal 5.

The tax rate was 18% and benefited from a one-off credit because
of the reduction in the U.K. corporation tax from 30% to 28%,
effective from April 1, 2008.  Excluding the one-off credit, the
tax rate for the period would have been 30%.

                       Business Review

BA's key business objectives focus on four themes, the first of
which is Bringing Terminal 5 Alive.  T5 will open on March 27,
on time and on budget.  An exhaustive six month trial of all the
new processes and equipment is underway to ensure T5 will be a
flagship for the U.K. and a showcase to welcome the 2012
Olympics.

The company's second theme redefines its customer promise under
the banner of BA Basics and Brilliance - ensuring consistent
high quality service 24/7 and brilliance where it counts.
Punctuality and baggage performance remain a challenge at
Heathrow where facilities are old and overstretched.  Heathrow
was designed to handle 45 million passengers but today looks
after 67 million passengers per year.  Both these key areas will
be improved significantly when the company move to its  new home
in T5 but, in the meantime, it remain focused on improving its
current performance.

BA's recent longhaul fleet order is fundamental to its third
theme of Investing in Growth.  The order for 12 Airbus A380
aircraft and 24 Boeing 787 aircraft and options for a further
seven A380s and 18 B787s, allows for replacement of older
aircraft and sustainable, profitable growth.  A key factor in
its choice of these aircraft was their environmental performance
and they score highly on every measure.  They are cleaner,
quieter and more fuel efficient.

BA has announced it is ending its franchise agreements in the
U.K. with GB Airways and Loganair.  The franchise model has
outlived its purpose in the U.K., although this decision does
not affect its overseas franchisees which continue to provide
valuable feed traffic and brand exposure in areas it cannot
serve.

BA's environmental credentials are being scrutinized as never
before.  The company has taken climate change very seriously for
a long time.  More than a decade ago it was the first airline to
set a target for improving fuel efficiency and it led the way in
advocating carbon trading.

BA has set a new target to improve its aircraft fuel efficiency
by 25% by 2025.  It has  also made improvements to the
accessibility of its online passenger carbon offset scheme on
ba.com and will announce further improvements in the coming
weeks.  On waste minimization BA aims to recycle half of its
waste and phase out use of landfill by 2010.

To cut emissions and save fuel, nearly half its aircraft now
taxi to the terminal with one engine shut down.  In readiness
for the move to Terminal 5, BA has taken delivery of 38 new
airport buses, which comply with the latest Euro 5 exhaust
emission standards.

BA is committed to ensuring its people and its processes reflect
its responsibility to the environment.  To support its
commitment the company has appointed Silla Maizey, former Head
of Procurement, as its  new Head of Corporate Social
Responsibility.

BA's final and most enduring theme in recent years has been
achieving a competitive cost base.  Improving cost efficiency
and eliminating waste in its business is key to delivering its
target of a 10% operating margin, which it is on track to
achieve by March 2008.

                Heathrow Operational Constraints

Heathrow has no spare runway capacity and operates on the same
two runways it had when it opened 60 years ago.  As a result the
company is vulnerable to short-term operational disruption and
there is little it can do to mitigate against this.  The U.K.
government is expected to announce shortly a public consultation
on full utilization of the two runways and on the construction
of a short third runway.

This would create extra capacity and reduce delays.  Ending
stacking before landing and queuing on taxiways would cut
Heathrow's CO2 emissions by 500,000 tons a year.  An increase in
runway capacity would create more take-off and landing slots and
enable Heathrow to rival European hubs like Paris, Amsterdam
and Frankfurt.

                        Trading Outlook

BA has revised its revenue guidance to around 3 to 3.5% because
of the continued weakness of the US dollar.

Premium traffic continues to be strong, supporting its earlier
decision to make more premium capacity available.  The North
Atlantic non-premium market is still soft but other non-premium
markets are more encouraging.

BA has also revised its guidance for costs, excluding fuel,
which previously was flat.  It now expects costs to be down by
GBP100 million because of the weak dollar.

The company's fuel costs are expected to be up by GBP100 million
on last year, GBP20 million lower than its previous guidance.

"These are record results which are driven by all the hard work
our people put in last year to tackle the cost base of our
business," British Airways' chief executive Willie Walsh said.  
"Profits are up some 26% and costs are down nearly 4%.  Fuel
costs remain a major challenge and our fuel bill for the year is
expected to top GBP2 billion for the first time.  We see every
possibility of achieving our 10% operating margin by March
2008."

"Our business plans for the future are gaining real momentum.   
We announced an order for 36 new long-haul aircraft that are
greener, quieter and technically more advanced.  Both the Airbus
A380 and the Boeing 787 are truly 21st century aircraft with
huge potential.  The Airbus A380 will work well on high density
routes and the Boeing 787 gives us the flexibility to open new
routes and grow existing ones.  These aircraft set the gold
standard when it comes to environmental performance in CO2
emission, local air quality and noise.  They will contribute
significantly to our target of improving fuel efficiency by 25%
between 2005 and 2025.

"Further good news was our welcome return to investment grade
which helped us negotiate the finance for aircraft deliveries
until 2011, despite the current difficulties in the markets.

"Terminal 5 is now only 145 days away.  Before its opening on
March 27, 2008 our new home will have undergone trials involving
thousands of volunteers.  The first major public trials begin
this weekend to ensure customers can speed through check-in and
chill out for the ultimate experience.  Our people are
determined to ensure it will be a national success story Britain
can be proud of.

"More good news for our customers will be the removal of
restrictions on hand-baggage which we expect soon.  This will go
a long way to relieving the hassle factor of the one bag limit.  
At the same time we continue to staff up to record levels in the
terminals and have improved our direct baggage performance in
recent weeks.  This is despite the 15% increase in hold
baggage."

                      About British Airways

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

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

                         *     *     *

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

The debt instruments affected by the rating action are:

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

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

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

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


COMM-STRUCT LTD: Claims Filing Period Ends November 30
------------------------------------------------------
Creditors of Comm-Struct Ltd. have until Nov. 30 to send in
their names, their addresses and descriptions, full particulars
of their debts or claims, and the names and addresses of their
solicitors (if any) to:

         Neil Francis Hickling
         Liquidator
         Smith & Williamson Ltd.
         No. 1 St. Swithin Street
         Worcester
         WR1 2PY
         England

Neil Francis Hickling of Smith & Williamson Ltd. was appointed
liquidator of on Oct. 19 for the creditors' voluntary winding-up
procedure.


EBDY ELECTRICAL: Taps Joint Administrators from Tenon
-----------------------------------------------------
Nigel Ian Fox and Stanley Donald Burkett-Coltman of Tenon
Recovery were appointed joint administrators of EBDY Electrical
Ltd. (Company Number 2833272) on Oct. 9.

Tenon Recovery -- http://www.tenongroup.com/-- provides  
accounting and business advice to owner-managed and private
business.

Headquartered in Tonbridge, England, EBDY Electrical Ltd. --
http://www.ebdyelectrical.co.uk/-- installs electrical wirings  
and fittings.


EMI GROUP: Terra Firma Eyes Artists' Compensation Overhaul
----------------------------------------------------------
EMI Group Plc owner, Terra Firma Capital Partners Ltd, plans to
overhaul EMI executives' pay packages and let go of artists that
it believed are not working hard enough, published reports say.

In an internal memo to his staff obtained by the Financial
Times, Terra Firma CEO Guy Hands also threatened to withdraw
artists' lucrative advances if record sales are disappointing.

"While many spend huge amounts of time working with their label
to promote, perfect and endorse their music, some unfortunately
simply focus on negotiating for the maximum advance. . .
advances which are often never repaid," Mr. Hands said in his
memo.

Mr. Hands said that eventually they would get to choose which
artists they wish to work with and promote, BBC News relates.

According to the Associated Press, Mr. Hands also criticized
EMI's compensation and management system of 20 years, which does
not encourage the right behaviors or reward the right actions.

"What worries me is that the existing structures have been put
in over a couple of decades and unpicking them in a way that
releases the good in the company is not going to happen
overnight," Mr. Hands was quoted by the Associated Press as
saying.

Terra Firma concluded its GBP2.4 billion cash offer for EMI
Group Plc on Aug. 1, 2007.

                        About Terra Firma

Terra Firma is a leading European private equity firm, created
in 2002 as the independent successor to the Principal Finance
Group, a division of Nomura that was created in 1994.  Terra
Firma focuses on buyouts of large, asset-rich and complex
businesses in need of operational and/or strategic change.

Since its inception in 1994, Terra Firma has invested over EUR7
billion of equity and has completed transactions with an
aggregate transaction value of over EUR30 billion.  Terra Firma
has offices in London and Frankfurt.

                            About EMI

Headquartered in London, United Kingdom, EMI Group PLC --
http://www.emigroup.com/-- is the world's largest independent    
music company, operating directly in 50 countries and with
licensees in a further 20.  The group has operations in Brazil,
China, and Hungary.  The group employs over 6,600 people.
Revenues in 2005 were near EUR2 billion and operating profit
generated was over EUR225 million.

At March 31, 2006, EMI Group's consolidated balance sheet
revealed GBP1.817 billion in total assets, GBP2.544 billion in
total liabilities and GBP726.6 million in shareholders' deficit.

The company issued two profit warnings since January 2007.

                         *     *     *

As reported in the TCR-Europe on Aug. 6, 2007, Moody's Investors
Service downgraded EMI Group plc's corporate family and senior
debt ratings to B1 (from Ba3).  All ratings remain under review
for downgrade.

In February 2007, Standard & Poor's Ratings Services lowered its
long-term corporate credit and senior unsecured debt ratings on
U.K.-based music group EMI Group PLC to 'BB-' from 'BB'.  The
'B' short-term rating was affirmed.

At the same time, the long-term corporate credit rating and debt
ratings were put on CreditWatch with negative implications.


EMI GROUP: Appoints Mike Clasper & Billy Mann to Investor Board
---------------------------------------------------------------
EMI Group Plc appointed Mike Clasper and Billy Mann to its
Investor Board to assist in the transformation of the group.

Mr. Clasper and Mr. Mann will provide guidance and advice in all
areas of the group.  As well as sitting on the Investor Board,
Mr. Clasper will advise on and review the development of EMI's
manufacturing, logistics and sales operations around the world.

Mr. Mann will provide creative input to the group and the
Investor Board and advise on artist relations.

Mr. Clasper was the Chief Executive of BAA plc, the world’s
leading airports group, between 2003 and 2006 and prior to that
President of Global Homecare at Procter & Gamble.

Mr. Mann is the founder and CEO of Stealth Entertainment, and
has worked with many of the leading names in the music industry
today, including: Pink, Sting, Joss Stone, Take That, Celine
Dion, Martina McBride, Jessica Simpson, Delta Goodrem, Ricky
Martin and Art Garfunkel.  He has recorded sales of over 60
million records over the past ten years, as well as multiple top
10 singles around the globe, through his various collaborations.
Mann has also been a nurturer of various new artists and
songwriters including Teddy Geiger, and Esmeé Denters.

The appointments marked a strengthening of EMI’s Investor Board,
which was established in August 2007 following Terra Firma’s
successful acquisition of the group.  The Investor Board has
been given the task of overseeing EMI’s strategic review.
Current Board members comprise of Guy Hands, Lord Birt, Chris
Roling, Ashley Unwin, Mark Hodgkinson, Riaz Punja  and  Phil
Burns .

The Investor Board is currently engaged in looking at all
aspects of EMI and its business to determine the best way the
group should move forward to capture the opportunities available
to it in the rapidly-changing music industry.

"I am delighted to welcome Mike and Billy to the Investor Board
of EMI.  Mike has had extensive experience of running successful
businesses across the world and leading innovation in a variety
of business sectors.  Billy meanwhile will help balance what is
a very business and consumer focused investor board by providing
creative input.  We are looking forward to their contributions,"
Guy Hands, Chairman of EMI, disclosed.

"The recorded music industry today faces some enormous
challenges but also tremendous opportunities to build on the
central role that music plays in all our lives.  With the
arrival of Mike and Billy I feel confident we have a team that
can work alongside EMI employees and artists to identify and
exploit those opportunities and build EMI’s powerful market
position over the long-term," Mr. Hands added.

"The music industry needs to change and the transformation going
on within EMI gives the Group the opportunity to lead that
change.  I am very pleased to be working with Guy and the team
at EMI to take the business forward and will focus particularly
on the development of the very best distribution, supply chain
and logistic operations around the world to maximize its returns
from the vast array of talent and intellectual property it
owns," Mr. Clasper expressed.

"From the first day, Guy Hands and Terra Firma have been
consistent about empowering the creative community and the
consumer first and foremost.  Instead of approaching artists as
if it is a privilege to be signed to a major label, Terra Firma
is devoted to reaffirming the fact that for any music company it
is a privilege to represent and support artists.  With this in
mind, I couldn't be more excited to join their innovative
efforts," Mr. Mann commented.

                            About EMI

Headquartered in London, United Kingdom, EMI Group PLC --
http://www.emigroup.com/-- is the world's largest independent    
music company, operating directly in 50 countries and with
licensees in a further 20.  The group has operations in Brazil,
China, and Hungary.  The group employs over 6,600 people.
Revenues in 2005 were near EUR2 billion and operating profit
generated was over EUR225 million.

At March 31, 2006, EMI Group's consolidated balance sheet
revealed GBP1.817 billion in total assets, GBP2.544 billion in
total liabilities and GBP726.6 million in shareholders' deficit.

The company issued two profit warnings since January 2007.

                         *     *     *

As reported in the TCR-Europe on Aug. 6, 2007, Moody's Investors
Service downgraded EMI Group plc's corporate family and senior
debt ratings to B1 (from Ba3).  All ratings remain under review
for downgrade.

In February 2007, Standard & Poor's Ratings Services lowered its
long-term corporate credit and senior unsecured debt ratings on
U.K.-based music group EMI Group PLC to 'BB-' from 'BB'.  The
'B' short-term rating was affirmed.

At the same time, the long-term corporate credit rating and debt
ratings were put on CreditWatch with negative implications.


FLOWSERVE CORP: Earns US$63 Million in Third Quarter 2007
---------------------------------------------------------
Flowserve Corp. earned US$63 million for the third quarter of
2007, compared to net income of US$29.2 million for the same
quarter in 2006.

The company announced that third quarter fully diluted EPS and
operating income growth were up 116% and 75% respectively,
outpacing strong sales growth of 19%.  Flowserve also posted
record third quarter bookings of US$1.1 billion, up 19%, led by
strength in chemical and water markets globally.  Additionally,
the company raised its 2007 sales target to a range between
US$3.6 and US$3.7 billion.  The company also reaffirmed 2007
operating margin improvement targets of between 200 and 300
basis points versus 2006.

"Flowserve Pump Division’s gross margin results help illustrate
the power of mix shift between original equipment and
aftermarket.  This quarter we not only benefited from improved
pricing, fixed cost absorption and operational excellence
programs that have helped us all year, but we also saw an
increase in margins from a mix shift towards aftermarket sales,"
said Lewis M. Kling, Flowserve’s President and CEO.

Pump Division gross profit increased to US$148 million, up US$39
million or 36%.  Gross margin for the third quarter of 2007
increased 280 basis points to 29.8%, reflecting significantly
stronger aftermarket sales as noted above and improved
absorption of fixed costs.

Operating income for the third quarter of 2007 increased to
US$69 million, up US$29 million or 74%, including currency
benefits of approximately US$4 million.  The significant
increase is attributed to the US$39 million increase in gross
profit driven by improved pricing, operational excellence
programs, fixed cost absorption and mix shift to aftermarket
sales, combined with a 120 basis point improvement in leverage
of divisional SG&A.  Operating margin improved from 9.9% to
13.9%.

                          2007 Outlook

"I’m extremely proud of the global team’s results through the
first three quarters of 2007, and in particular the way our
management team came together in Q3 to generate some of the best
results in the company’s history.  At the beginning of the year,
we set out some aggressive targets for the company for 2007 and
the team has answered the call and delivered terrific results
each quarter, with each division playing an integral role," said
Mr. Kling.  "We’re very excited about the year-to-date results,
but even more excited about the future success of the company as
we drive continuous improvement on all of our key initiatives.  
Based on our year-to-date results, I am confident we will
achieve our earlier announced 2007 revenue and operating income
targets.  Accordingly, we are raising our sales target for 2007
to between US$3.6 and US$3.7 billion and reaffirming our
operating income target of 200 to 300 basis points of
improvement versus 2006.  Looking beyond 2007, we are confident
we are building a platform for future success," Mr. Kling said.

                       About Flowserve

Headquartered in Irving, Texas, Flowserve Corp. (NYSE: FLS) --
http://www.flowserve.com/-- provides fluid motion and control  
products and services.  Operating in 56 countries, the company
produces engineered and industrial pumps, seals and valves as
well as a range of related flow management services.  The
company has operations in Brazil, Columbia, France, United
Kingdom, Singapore, among others.

                        *     *     *

As reported in the Troubled Company Reporter-Latin America on
Aug. 20, 2007, Moody's Investors Service affirmed Flowserve
Corporation's corporate family rating at Ba3 and probability of
default at B1.  Moody's also affirmed the Ba2 rating to the
company's senior secured term loan and assigned a Ba2 rating to
Flowserve's senior secured revolving credit facility.


FORD MOTOR: UAW Ford National Council Urges Pact Ratification
-------------------------------------------------------------
The UAW Ford National Council, which is made up of delegates
from more than 55 Ford facilities across the nation, has voted
to unanimously recommend ratification of the United Auto Workers
union's 2007 tentative agreement with Ford Motor Co.

The Council met Monday to discuss the details of the proposed
agreement with the automaker.

According to a UAW Ford Report, the agreement protects thousands
of UAW Ford jobs and helps maintain U.S. manufacturing bases to
support the communities.  Ford has also agreed to insource more
than 1,500 UAW jobs and to evaluate an additional 1,700 jobs for
insourcing.

As a result of this agreement, several Ford manufacturing
facilities that were previously identified for closure by the
company will remain open.  UAW negotiators were able to bargain
one-year extensions for two plants -- Twin Cities Assembly and
Cleveland Casting -- that were earlier slated for closure.

Ford has promised to invest US$200 million in new technology and
equipment in UAW Ford stamping plants, US$20 million in tool and
die plants and investment commitments on powertrain operations.

Under the agreement, economic gains total US$12,904 for a
typical UAW Ford assembler during the four-year agreement.  
Gains include a US$3,000 signing bonus, two 3% lump sums and one
4% lump sum.  The agreement also maintains cost of-living
protection formula.  A portion of COLA will be diverted to fund
active and retired health care.

Ford agreed to pay US$15.4 billion for retiree health care,
including US$13.2 billion to establish an independent Voluntary
Employee Beneficiary Association trust.  Ford also contributes
US$2.2 billion in pre-VEBA costs for retiree health care.

After a presentation on the proposed contract and a detailed
question-and-answer session, the council agreed that the
agreement covering tens of thousands of UAW Ford workers and
retirees and their families is worthy of their unanimous
support.

"We're very pleased with the tremendous support the Ford
National Council has given the proposed agreement,� UAW
President Ron Gettelfinger said.  "We thank them for their
support of a proposed contract that protects jobs and health
care and provides real gains in economics and benefits."

The proposed agreement was reached Nov. 3 at 3:20 a.m. after a
marathon bargaining session.  UAW members at Ford local unions
will begin contract explanation and ratification meetings this
week; voting will conclude by Monday, Nov. 12.

"Our national negotiators worked some very long hours since July
and crafted an agreement that has a lot of benefits for both
sides," UAW Vice President Bob King, director of the UAW Ford
Department, said.  "This contract will protect our jobs while
helping the company to remain a word-class manufacturer with a
strong base of employment and production here in the United
States."

A full-text copy of the UAW Ford Report summarizing the UAW
agreement with Ford is available for free at
http://ResearchArchives.com/t/s?24d3

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.


GENERAL MOTORS: Total Sales Up by 3% in October 2007
----------------------------------------------------
General Motors Corp. dealers in the United States delivered
310,008 vehicles in October, 8,700 more vehicles when compared
with year-ago performance, outpacing an industry expected to
show a volume decline of about 4%.  For the third consecutive
month, on an unadjusted basis, total sales increased, with
October up 3%.  When adjusted for selling days, sales declined
1%.  It is anticipated that GM will see its fourth consecutive
month with market share above 24%.  Since August, market share
is up more than 1 point, to 25.1%, compared with the same three
month period last year.

The month's 229,294 retail deliveries demonstrated solid
performance despite continuing industry softness.  GM retail
sales were led by brisk retail sales of full-size utilities,
mid-utility crossovers, the Cadillac CTS, and the Chevrolet
Aveo, Cobalt and HHR.  The Saturn division showed yet another
retail sales increase, up 7%.

"Our strong market share performance and our ability to outpace
industry trends on volume demonstrates the consumer acceptance
of our new products," Mark LaNeve, GM North America vice
president, Vehicle Sales, Service and Marketing, said.  "Over
the past two years, our new products including the Chevrolet
Silverado, GMC Sierra, Cadillac CTS, full-size utilities, and
mid-crossovers have all gained retail share following launch.  
Our committed dealer team has really stepped up to the plate,
pushing all of GM's brands above the industry average in the
recently released J.D. Power Customer Satisfaction Index."

Cadillac CTS total sales surged 75%, compared with year-ago
performance, due to the strength of the all-new CTS, now in
showrooms.  GMC Acadia, Saturn OUTLOOK and Buick Enclave
together had total sales of more than 12,800 vehicles, pushing a
more than 320% increase in GM's mid-crossover segment.
Additionally, Cadillac's SRX luxury crossover saw a total sales
increase of 37%.  Total sales of the fuel-efficient Chevrolet
Cobalt and Pontiac G5 were up 81%, Chevrolet Aveo was up 58% and
HHR was up 70% compared with last October.

Vehicles with retail sales increases, compared with year-ago
levels, include: Chevrolet Aveo, Cobalt, Tahoe, Suburban, and
HHR; Saturn ION; GMC Yukon and Yukon XL; Cadillac CTS and SRX;
Pontiac G5, Grand Prix and Vibe.

"Cadillac CTS and Buick Enclave have two of the fastest turn
rates in the industry," Mr. LaNeve added.  "And while it is
still very early, Malibu demand and customer feedback has been
sensational.  It's products like these that have enabled us to
buck recent industry trends."

                 Certified Used Vehicles Sales

October 2007 sales for all certified GM brands, including GM
Certified Used Vehicles, Cadillac Certified Pre-Owned Vehicles,
Saturn Certified Pre-Owned Vehicles, Saab Certified Pre-Owned
Vehicles, and HUMMER Certified Pre-Owned Vehicles, were 39,919
vehicles, down nearly 7% from last October.  Total year-to-date
certified GM sales are 442,110 vehicles, up 1% from the same
period last year.

GM Certified Used Vehicles, the industry's top-selling
manufacturer-certified used brand, posted 34,843 sales, down 6%
from last October.  Year-to-date sales for GM Certified Used
Vehicles are 388,442 vehicles, up 3% from the same period in
2006.

Cadillac Certified Pre-Owned Vehicles posted October sales of
3,255 vehicles, down 11% from last October.  Saturn Certified
Pre-Owned Vehicles sold 1,173 vehicles in October, down 9%.  
Saab Certified Pre-Owned Vehicles sold 518 vehicles, down 13%,
and HUMMER Certified Pre-Owned Vehicles sold 130 vehicles, up
59%.

           GM North America October 2007 Production

In October, GM North America produced 423,000 vehicles (152,000
cars and 271,000 trucks).  This is down 5,000 units or 1%
compared to October 2006 when the region produced 428,000
vehicles (174,000 cars and 254,000 trucks).  (Production totals
include joint venture production of 18,000 vehicles in October
2007 and 19,000 vehicles in October 2006.)

Additionally, GM North America's 2007 fourth-quarter production
forecast is unchanged at 1 million vehicles (334,000 cars and
666,000 trucks).  In the fourth-quarter of 2006 the region
produced 1.107 million vehicles (446,000 cars and 661,000
trucks).

                      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.  The outlook is stable.


HPC CONSULTANCY: Brings In Liquidators from Vantis Business
-----------------------------------------------------------
D. Wilson and G. Mummery of Vantis Business Recovery Services
were appointed joint liquidators of HPC Consultancy Ltd.
(formerly Harben Consultancy Ltd., Prospect Number Nineteen
Ltd.) on Oct. 25 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


INCO LTD: Raising Nickel Output by 11% to 290,000 Tonnes in 2008
----------------------------------------------------------------
Inco Limited expects to increase nickel output by 11.5% to
290,000 tonnes next year, Reuters reports citing  CVRD Investor
Relations Director Roberto Castello Branco.

According to the report, Mr. Branco said the company is
increasing capacity globally, which should lift nickel output
from 260,000 tonnes this year.  They expect it will contribute
an increase in revenue, he added.

Parent company Campanhia Vale do Rio Doc 's overall capital
spending budget for 2007 is US$7.4 billion, about US$5.4 billion
of which is to be spent on projects and research and
development, the report says.

Inco Ltd the news agency said that it is also working on its
Goro nickel project in New Caledonia with estimated spending at
US$3.2 billion, US$1.4 billion of which was spent between 2001
and 2006.  US$938 million is allocated this year, the report
adds.

                      About Inco Limited

Headquartered in Sudbury, Ontario, Inco Limited (TSX, NYSE:N)
-- http://www.inco.com/-- produces nickel, which is used  
primarily for manufacturing stainless steel and batteries.  Inco
also mines and processes copper, gold, cobalt, and platinum
group metals.  It makes nickel battery materials and nickel
foams, flakes, and powders for use in catalysts, electronics,
and paints.  Sulphuric acid and liquid sulphur dioxide are
produced as byproducts.  The company's primary mining and
processing operations are in Canada, Indonesia, and the U.K.

Inco Limited's 3-1/2% Subordinated Convertible Debentures due
2052 carry Moody's Investors Service's Ba1 rating.


INFINITY MOTORCYCLES: Allan Geoffrey Appoints Receivers from BDO
----------------------------------------------------------------
Allan Geoffrey Hemmings appointed Martha H Thompson and
Christopher K Rayment of BDO Stoy Hayward LLP joint
administrative receivers of Infinity Motorcycles Ltd. (Company
Number 03778646) on Oct. 29.

BDO Stoy Hayward -- http://www.bdo.co.uk/-- focuses on business  
assurance (audit), corporate advisory, tax, and investment
management services, specializing in such industries as
charities, educational institutions, family businesses,
financial services, leisure, and hospitality.  The company is
the U.K. arm of BDO International and has offices in more than
15 cities throughout the U.K.

Headquartered in Farnborough, England, Infinity Motorcycles Ltd.
-- http://www.infinitymotorcycles.com/-- sells, maintains and  
repairs motorcycles, related parts, accessories and clothing.


INTO TECHNOLOGY: Brings In Administrators from BDO Stoy
-------------------------------------------------------
Matthew Dunham and Dermot Justin Power of BDO Stoy Hayward LLP
were appointed joint administrators of Into Technology Ltd.
(Company Number 05336789) on Oct. 22.

BDO Stoy Hayward -- http://www.bdo.co.uk/-- focuses on business  
assurance (audit), corporate advisory, tax, and investment
management services, specializing in such industries as
charities, educational institutions, family businesses,
financial services, leisure, and hospitality.  The company is
the U.K. arm of BDO International and has offices in more than
15 cities throughout the U.K.

The company can be reached at:

         Into Technology Ltd.
         334 Wellington Road North
         Stockport
         SK4 5DA
         England
         Tel: 0161 282 8000


J.S. CHINN: Barclays Bank Taps PwC as Administrative Receivers
--------------------------------------------------------------
Barclays Bank Plc appointed, Oct. 19,  Stuart David Maddison,
Anthony Steven Barrell and Robert Jonathan Hunt of
PricewaterhouseCoopers LLP joint administrative receivers of:

   -- J.S. Chinn Holdings Ltd. (Company Number 01245368);

   -- J.S. Chinn and Company Ltd. (Company Number 00527058);

   -- J.S. Chinn Engineering Company Ltd. (Company Number
      00777996);

   -- J.S. Chinn Project Engineering Ltd.(Company Number
      00637402);

   -- Colledge & Morley (Gears) Ltd. (Company Number 01308962);
      and

   -- A.O. Henton Engineering Co. Ltd. (Company Number 00539384)

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.

The companies manufacture of aircraft and spacecraft components.


JACKSON MAINE: Appoints Tenon Recovery to Administer Assets
-----------------------------------------------------------
Matthew Colin Bowker and David Antony Willis of Tenon Recovery
were appointed joint administrators of Jackson Maine Ltd.
(Company Number 03916828) on Sept. 26.

Tenon Recovery -- http://www.tenongroup.com/-- provides  
accounting and business advice to owner-managed and private
business.

The company can be reached at:

         Jackson Maine Ltd.
         York House
         16 Wool Gate
         Cottingley
         Bingley
         BD16 1PE
         England
         Fax: 070 4139 0183


L J LININGS: Claims Filing Period Ends December 3
-------------------------------------------------
Creditors of L J Linings Ltd. have until Dec. 3 to send in their
full names, address and descriptions, full particulars of their
debts or claims, and the names and addresses of their solicitors
(if any) to:

         Steven Draine
         Joint Liquidator
         Moore Stephens LLP
         3/5 Rickmansworth Road
         Watford
         Herts
         WD18 0GX
         England

Steven Draine and David Rolph of Moore Stephens LLP were
appointed joint liquidators of the company on Oct. 26 for the
creditors' voluntary winding-up proceeding.


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 component
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: Taps Huron Consulting as Financial Consultant
-------------------------------------------------------------
Remy Worldwide Holdings Inc. and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ Huron Consulting Services LLC as their
financial consultants, nunc pro tunc Oct. 8, 2007.

Huron is a firm specializing in, among other things, the
provision of turnaround, crisis management and restructuring
services for public and private companies, lenders, equity
holderse and impartial constituents.

As the Debtors' financial consultants, Huron will assist:

   (a) in a number of general accounting department and
       financial reporting matters including SEC reporting,
       preparation of and supporting notes to financial
       statements and acting as the Debtors' liaison with other
       professional firms for the implementation of fresh start
       reporting requirements and related implementation tasks;

   (b) in establishing operations and financial controls and
       maintaining financial and cash flow budgeting;

   (c) leadership with the financial function of the Debtors,
       including assisting the Debtors in strengthening their
       core competencies; and

   (d) with other matters as may be requested by the Debtors.

Huron has assigned one of its directors, Stuart Walker, to work
with the Debtors.  Mr. Walker has over 18 years of experience in
a wide range of financial advisory roles, including turnaround
and crisis manager, merger and acquisition advisor, and interim
chief financial officer, Kerry A. Shiba, the Debtors' senior
vice president and chief financial officer, relates.  

Mr. Walker will lead any additional consultants from Huron as
may be necessary in the future.

Mr. Walker will be paid US$13,000 per week, prorated on a daily
basis, for services he will render.

The Debtors will pay for services of the other Huron
professionals at these hourly rates:

      Advisory Services:
        Managing Director                 US$680 to US$600
        Director                          US$575 to US$500
        Manager                           US$475 to US$400
        Associates                        US$375 to US$300
        Analysts                          US$275 to US$200

     Project Execution/Support Services:
        Subject Matter Expert             US$300 to US$200
        Project Execution Team Leader     US$175 to US$125
        Project Professional              US$150 to US$105

The Debtors will also reimburse the firm for any necessary out-
of-pocket expenses it incurs.

Huron notes that it received US$24,204 from the Debtors for
professional services it performed and expenses it incurred
related to prepetition activities, through October 8, 2007.  

Huron also received a US$100,000 retainer to cover services to
be performed and expenses to be incurred in connection with the
Chapter 11 cases.  After application of the retainer to satisfy
US$28,697 relating to prepetition professional services and
related expenses, Huron says it currently holds the excess
retainer amount of US$71,302 for application toward and payment
of postpetition fees and expenses allowed by the Court.  The
retainer will either be applied to Huron's final invoice or will
be refunded at the conclusion of the engagement.

Huron will be responsible for the overall management, hiring,
and compensation of all consultants to be provided to the
Debtors and will not be considered employees of the Debtors with
respect to benefits and other employment matters, Mr. Shiba
says.

The Debtors will provide Huron general indemnity.

Michael C. Sullivan, managing director of Huron, assures the
Court that his firm does not have an interest materially adverse
to the interest of the Debtors' estates and thus, is a
"disinterested person" as the term is defined under Section
101(14) of the Bankruptcy Code.

                      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.  The Debtors' taps Greenbert Traurig, LLP, as special
corporate advisory and litigation counsel and Ernst & Young LLP
as their accountant, auditor and tax services provider.

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).


RUBY FINANCE: Moody's Cuts Rating to Ba2 on Two Note Classes
------------------------------------------------------------
Moody's Investors Service has taken these rating actions in
respect of notes issued by Ruby Finance Public Limited Company:

   -- Downgraded to Ba2 from Ba1, Class A1 US$70,000,000
      Credit-Linked Synthetic Portfolio Elbe CDO I Notes due
      2011;

   -- Downgraded to Ba2 from Ba1, Class A2 US$70,000,000
      Credit-Linked Synthetic Portfolio Elbe CDO I Notes due
      2011.

These downgrades are the result of credit migration in the
underlying pools.


SCO GROUP: Seeks Court OK to Hire Mesirow as Financial Advisor
--------------------------------------------------------------
The SCO Group Inc. and SCO Operations Inc. ask the U.S.
Bankruptcy Court for the District of Delaware for permission to
employ Mesirow Financial Consulting LLC as their financial
advisor, nunc pro tunc to Sept. 14, 2007.

Mesirow will:

   a. assist in the preparation of or review of reports or
      filings as required by the Bankruptcy Court or the Office
      of the United States Trustee, including, but not limited
      to, schedules of assets and liabilities, statements of
      financial affairs and monthly operating reports;

   b. assist in the preparation of or review of the Debtors'
      financial information, including, but not limited to,
      analyses of cash receipts and disbursements, financial
      statement items and proposed transactions for which
      Bankruptcy Court approval is sought;

   c. assist with the analysis, tracking and reporting regarding
      cash collateral and any debtor-in-possession financing
      arrangements and budgets;

   d. assist with the implementation of bankruptcy accounting
      procedures as may be required by the Bankruptcy Code and
      generally accepted accounting principles;

   e. advise and assist regarding tax planning issues,
      including, but not limited to, assistance in estimating
      net operating loss carryforwards, international, state and
      local tax issues and the tax considerations of proposed  
      plans of reorganizations;
  
   f. assist with identifying and implementing potential cost
      containment opportunities;

   g. assist with identifying and implementing asset
      redeployment opportunities;

   h. analyze assumption and rejection issues regarding
      executory contracts and leases;

   1. assist in the preparation and review of proposed business
      plans and the business and financial condition of the
      Debtors generally;

   j. assist in evaluating reorganization strategies and
      alternatives;

   k. review and critique of the Debtors' financial projections
      and assumptions;

   i. prepare enterprise, asset and liquidation valuations;

   m. assist in preparing documents necessary for confirmation;

   n. advise and assist to the Debtors in negotiations and
      meetings with the Creditors' Committee, the bank lenders
      and other parties-in-interest;

   o. advise and assist on the tax consequences of proposed
      plans of reorganization;

   p. assist with the claims resolution procedures, including,
      but not limited to, analyses of creditors' claims by type
      and entity;

   q. render litigation consulting services and expert witness
      testimony regarding confirmation issues, avoidance actions
      or other matters; and

   r. render other functions as requested by the Debtors or
      their counsel to assist the Debtors in these Chapter 11
      Cases.

The Debtors will pay Mesirow according to the firm's customary
hourly rates:

          Designation                       Hourly Rate
          -----------                       -----------
          Sr. Managing Director,            US$650 - US$690
            Managing Director and
            Director
          Sr. Vice-President                US$550 - US$620
          Vice President                    US$450 - US$520
          Senior Associate                  US$350 - US$420
          Associate                         US$190 - US$290
          Paraprofessional                      US$150

Mesirow will bill a fixed fee of US$35,000 for the preparation
of schedules of assets and liabilities and the statement of
financial affairs.  All other services, as requested by the
Debtors, and agreed to by Mesirow, will be billed at the normal
and customary rates listed above less a 10% discount to fees as
determined.

Prior to the bankruptcy filing, Mesirow received an advance
payment retainer of US$35,000 from the Debtors.  Of that
retainer, US$0 has been applied to fees and expenses incurred
prior to the bankruptcy filing.  The balance of this retainer
will be held by  Mesirow and applied against postpetition fees
and expenses to the extent allowed by the Court.

To the best of the Debtors' knowledge, Mesirow is a
"disinterested person" as that term is defined in section
101(14) of the Bankrptcy Code as modified by section 11 07 (b)
of the Bankruptcy Code.

Headquartered in Lindon, Utah, The SCO Group Inc. (Nasdaq: SCOX)
fka Caldera International Inc. -- http://www.sco.com/--  
provides software technology for distributed, embedded and
network-based systems, offering SCO OpenServer for small to
medium business and UnixWare for enterprise applications and
digital network services.  The company has office locations in
Australia, Austria, Argentina, Brazil, China, Japan, Poland,
Russia, among others.

The company and its affiliate, SCO Operations Inc., filed for
Chapter 11 protection on Sept. 14, 2007, (Bankr. D. Del. Lead
Case No. 07-11337).  Paul Steven Singerman, Esq. and Arthur J.
Spector, Esq. at Berger Singerman PA and Laura Davis Jones, Esq.
at Pachulski Stang  Ziehl & Jones LLP are co-counsels to the
Debtors.  Epiq Bankruptcy Solutions, LLC, acts as the Debtors'
claims and noticing agent.  The United States Trustee failed to
form an Official Committee of Unsecured Creditors in these cases
due to insufficient response from creditors.  The Debtors'
exclusive period to file a chapter 11 plan expires on March 12,
2008.  The Debtors' schedules of assets and liabilities showed
total assets of US$9,549,519 and total liabilities of
US$3,018,489.


SCO GROUP: U.S. Trustee Balks at Retention of Mesirow as Advisor
----------------------------------------------------------------
Kelly Beaudin Stapleton, United States Trustee for Region 3 in
the chapter 11 cases of The SCO Group Inc. and SCO Operations
Inc. asks the U.S. Bankruptcy Court for the District of Delaware
to deny the retention of Mesirow Financial Consulting LLC as the
Debtors' financial advisor.

The U.S. Trustee has listed several grounds for its objections
against the Mesirow retention, including the possible non-
disinterestedness of the firm.  According to the U.S. Trustee,
the intent of Mesirow Financial Consulting's affiliated broker,
Mesirow Financial Inc., to purchase and sell the Debtors'
securities for its own account will disqualify Mesirow Financial
Consulting from employment by the Debtors by making the firm a
person that is not disinterested.  

The U.S. Trustee suggests that Mesirow subsidiaries should not
agree to hold or trade securities issued by the Debtors for
their own account.

Headquartered in Lindon, Utah, The SCO Group Inc. (Nasdaq: SCOX)
fka Caldera International Inc. -- http://www.sco.com/--  
provides software technology for distributed, embedded and
network-based systems, offering SCO OpenServer for small to
medium business and UnixWare for enterprise applications and
digital network services.  The company has office locations in
Australia, Austria, Argentina, Brazil, China, Japan, Poland,
Russia, among others.

The company and its affiliate, SCO Operations Inc., filed for
Chapter 11 protection on Sept. 14, 2007, (Bankr. D. Del. Lead
Case No. 07-11337).  Paul Steven Singerman, Esq. and Arthur J.
Spector, Esq. at Berger Singerman PA and Laura Davis Jones, Esq.
at Pachulski Stang  Ziehl & Jones LLP are co-counsels to the
Debtors.  Epiq Bankruptcy Solutions, LLC, acts as the Debtors'
claims and noticing agent.  The United States Trustee failed to
form an Official Committee of Unsecured Creditors in these cases
due to insufficient response from creditors.  The Debtors'
exclusive period to file a chapter 11 plan expires on March 12,
2008.  The Debtors' schedules of assets and liabilities showed
total assets of US$9,549,519 and total liabilities of
US$3,018,489.


TOWN LTD: J. M. Titley Leads Liquidation Procedure
--------------------------------------------------
J. M. Titley of DTE Leonard Curtis was appointed liquidator of
Town Ltd. on Oct. 30 for the creditors' voluntary winding-up
procedure.

The liquidator can be reached at:

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


* Large Companies with Insolvent Balance Sheet
----------------------------------------------
                                Shareholders    Total   Working
                                    Equity      Assets   Capital
                          Ticker    (US$MM)    (US$MM)   (US$MM)
                          ------ -----------  -------   --------

AUSTRIA
-------
Libro AG                            (111)         174     (182)
Rhi AG                               (85)       1,573      210


BELGIUM
-------
City Hotels               CITY.BR     (7)         210      (15)
Sabena S.A.                          (86)       2,215     (297)


CZECH REPUBLIC
--------------
Ceskomoravska Kolben &
   Danek Praha Holding               (89)         192   (2,186)


DENMARK
-------
Elite Shipping                       (28)         101       19

FRANCE    
------
Arbel                     PA.ARB    (116)         194      (94)
Banque Nationale
   de Paris Guyane        BNPG       (41)         352      N.A.
BSN Glasspack                       (101)       1,151      179
Charbo De France                  (3,872)       4,738   (2,868)
Dollfus Mieg & Cie S.A.   DS         (16)         143      (45)
Euro Computer System                (110)         682      377
Grande Paroisse S.A.                (927)         629      330
Immob Hoteliere                      (65)         259       10
Matussiere et Forest S.A. MTF        (78)         294      (28)
Outremer Telecom          OMT        (33)         229      (88)
Pagesjaunes GRP           PAJ     (2,718)       1,121     (291)
Pneumatiques Kleber S.A.             (34)         480      139
Rhodia S.A.               RHA       (828)       6,796      531
SDR Centrest                        (132)         252      N.A.
SDR Picardie                        (135)         413      N.A.
Soderag                               (3)         404      N.A.
Sofal S.A.                          (305)       6,619      N.A.
Spie-Batignolles                     (16)       5,281       75
Selcodis S.A.             SPVX       (18)         128      (22)
Trouvay Cauvin                        (0)         134       10
Usines Chausson                      (23)         249       35


GERMANY
-------
Cinemaxx AG               MXC        (27)         177      (32)
Cognis Deutschland
   GmbH & Co. KG                    (174)       3,003      606
Dortmunder
   Actien-Brauerei        DABG       (13)         118      (29)
EM.TV AG                  EV4G.BE    (22)         849       15
F.A. Guenther & Son AG    GUSG       (10)         111      N.A.
Kabel Deutschland                 (1,199)        2280     (306)
Kaufring AG               KAUG       (19)         151      (51)
Maternus Kliniken AG      MAK.F       (4)         201      (20)
Nordsee AG                            (8)         195      (31)
Schaltbau Hold            SLTG       (13)         185        3
SinnLeffers AG            WHGG        (4)         454     (145)
Spar Handels- AG          SPAG      (442)       1,433     (234)

GREECE
------
Empedos S.A.              EMPED      (34)         175      (48)
Radio A.Korassidis        KORA      (101)         181     (139)
   Commercial

ICELAND
-------
Decode Genetics Inc.      DCGN       (55)         216      146

IRELAND
-------
Waterford Wed Ut          WTFU     (145)         897       209


ITALY
-----
Binda S.p.A.              BND        (11)         129      (20)
Cirio Finanziaria S.p.A.            (422)        1583     (396)
Gruppo Coin S.p.A.        GC        (154)         801      (50)
Compagnia Italia          ICT       (138)         527     (235)
Credito Fondiario
   e Industriale S.p.A.             (200)       4,218      N.A.
Finpart S.p.A.                      (152)         732     (322)
I Viaggi del
   Ventaglio S.p.A.       VVE.MI    (116)         469     (143)
Olcese S.p.A.             OLCI.MI    (13)         180      (64)
Parmalat Finanziaria
   S.p.A.                        (18,419)       4,121  (12,481)
Snia S.p.A.               SN         (39)         275       36
Technodiffusione
   Italia S.p.A.          TDIFF.PK   (90)         152      (24)


NETHERLANDS
-----------
Baan Company N.V.         BAAN        (8)         610       46
United Pan-Euro Air       UPC     (5,266)       5,180   (8,730)


NORWAY
------
Petroleum-Geo Services    PGO        (32)        2963   (5,250)


ROMANIA
-------
Rafo Onesti               RAF       (354)         475   (1,421)


RUSSIA
------
East Siberia Brd          VSNK       (79)         107     (278)
Gukovugol Pfd             GUUGP      (58)         144   (4,094)
OAO Samaraneftegas                  (332)         892  (16,942)
Vimpel Ship               SOVP       (93)         281     (420)
Zil Auto                  ZILLP     (178)         425  (10,597)


SPAIN
-----
Altos Hornos de
   Vizcaya S.A.                     (116)        1283     (278)
Santana Motor S.A.                   (46)         223       41


TURKEY
------
Nergis Holding                       (24)         125       26
Turk Tuborg              TBORG        (1)         153     (109)
Yasarbank                           (948)         623      N.A.


UKRAINE
-------
Dniprooblenergo           DNON       (40)         477     (807)
Donetskoblenergo          DOON      (286)         597   (1,991)


UNITED KINGDOM
--------------
Abbott Mead Vickers                   (2)         168      (16)
Alldays Plc                         (120)         252     (202)
Amey Plc                  AMY        (49)         932      (47)
Atkins (WS) Plc           ATK       (150)       1,390       62
BCH Group Plc             BCH         (6)         188      (44)
Blenheim Group            BEH       (153)         198      (34)
Booker Plc                BKRUY      (60)       1,298       (8)
Bradstock Group           BDK         (2)         269        5
Brent Walker Group        BWL     (1,774)         867   (1,157)
British Energy Ltd                (5,823)       4,921      290
British Energy Plc        BGY     (5,823)       4,921      434
British Nuclear
   Fuels Plc                      (4,248)      40,326      977
Britvic Plc               BVIC      (108)         874      (20)
Compass Group             CPG       (668)       2,972     (298)
Costain Group             COST      (108)         595      (61)
Danka Bus System          DNK.L     (108)         540       34
Dignity Plc               DTY        (55)         552       36
Easynet Group             ESY.L      (45)         323       38
Electrical and Music              
   Industries Group       EMI     (2,266)       2,950     (296)
Euromoney Institutional
   Investor Plc           ERM.L      (50)         448      (67)
Galiform Plc              GFRM      (152)         889       35
Global Green Tech Group             (156)         408      (18)
Heath Lambert
   Fenchurch Group Plc               (10)       4,109      (10)
HMV Group Plc             HMV        (26)       1,273     (277)
Imperial Chemical
   Industries Plc         ICI       (370)       8,393        2
Invensys PLC                        (276)       3,914      357
Jarvis Plc                JRVS.L     (28)         370      (22)
Jpmorgan Cazenov                      (2)         342       35
Ladbrokes Plc             LAD     (1,227)       1,669     (267)
Lambert Fenchurch Group               (1)       1,827        3
Lattice Group                     (1,290)      1,2410   (1,228)
London Stock Exchange     LSE       (689)         526     (195)
M 2003 Plc                        (2,204)       7,205     (756)
Misys Plc                 MSY         (7)       1,123     (131)
Mytravel Group            MT.L      (380)       1,818     (488)
Orange Plc                ORNGF     (594)       2,902        7
Regus Plc                 RGU.L      (46)         367      (60)
Rentokil Initial Plc      RTO     (1,044)       3,507     (457)
Saatchi & Saatchi         SSI       (119)         705      (41)
Scottish Windows                     (34)         427       13
SFI Group                 SUF       (108)         178     (162)
Skyepharma PLC            SKP        (95)         211        2
Stylo Barrat SH                      (17)         180    (2145)
Telewest
   Communications Plc     TLWT    (3,702)       7,581   (5,631)
Vauxhall Motors                     (699)       2,584  (45,250)
Wincanton Plc             WIN        (27)       1,451      (78)
  
                            *********

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, and Pius Xerxes
Tovilla, Editors.

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

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

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

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


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