TCR_Public/061128.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Tuesday, November 28, 2006, Vol. 10, No. 283

                             Headlines

800 S. WELLS: Case Summary & 13 Largest Unsecured Creditors
ADVOCACY & RESOURCES: Judge Lundin Approves Inventory Sale
AGRIBIOTECH INC: Court Enters Decree Closing Chapter 11 Cases
AIRBASE SERVICES: Disclosure Statement Hearing Set for December 20
ARROW SEAFOODS: Case Summary & 20 Largest Unsecured Creditors

AUTOCAM CORP: 10-Q Filing Cues Moody's Review on Junk Ratings
BISYS GROUP: $65.80-Mil. Settlement Hearing Set for January 18
BOMBARDIER INC: Wins $605 Million Train Order From France
BON-TON STORES: Board Declares Dividend of 2-1/2 Cents Per Share
BRICKMAN GROUP: Earns $7.9 Million in Quarter Ended September 30

CALPINE CORP: Wants to Extend Plan-Filing Period to June 2007
CENTRAL VERMONT: Earns $7 Million in Quarter Ended September 30
CHARMING CASTLE: Court Approves Shields as Bankruptcy Counsel
CHARMING CASTLE: Files Schedules of Assets and Liabilities
CHICAGO HUDSON: Court Converts Case to Chapter 7 Proceeding

CHICAGO HUDSON: Meeting of Creditors Scheduled Tomorrow
CHURCH & DWIGHT:  Earns $38.7 Million in 2006 Third Quarter
COI MIDWEST: Court Approves Mitchell Silberberg as Special Counsel
COI MIDWEST: Hires Cushman & Wakefield as Real Estate Brokers
COMPLETE RETREATS: Hires Donlin Recano as Claims & Balloting Agent

CONMED CORP: Reports $3.3 Million Net Income in 2006 Third Quarter
CONSECO INC: Earns $48.4 Mil. of Net Income in 2006 Third Quarter
COPANO ENERGY: Commences Public Offer of 2.5 Million Common Units
CYBERCARE INC: Has Until Nov. 30 To File Amended Chapter 11 Plan
DELTA AIR: DP3 Gets Support for $719-Million Additional Claim

DURA AUTOMOTIVE: Court Approves First Day Motions
DURA AUTOMOTIVE: Hires Baker & McKenzie as General Counsel
DYNEA INTERNATIONAL: Sells U.S. Operations to Teacher's Private
DYNEA INT'L: Unit Sale Cues S&P's Developing Watch on B Rating
EASTGROUP PROPERTIES: Third Quarter Net Income Increases to $5.9MM

ECHOSTAR COMM: Earns $139.6 Million in Third Quarter of 2006
ENRON CORP: Reaches $250,000 Settlement Pact With Transamerica
EXABYTE CORP: Chief Financial Officer and Six Directors Resign
EXIDE TECH: Posts $35.1 Million Loss in Fiscal 2007 Second Quarter
FLINTKOTE COMPANY: Court Extends Exclusivity Period to Dec. 28

FLINTKOTE COMPANY: Court Extends Removal Period Until Dec. 28
FLYI INC: Judge Walrath Approves Solicitation Procedures
FOAMEX INTERNATIONAL: Gets OK to Enter Into Toyota Forklifts Lease
FOAMEX INTERNATIONAL: Delaware Court Approves Disclosure Statement
FORD HOLDINGS: Moody's Holds Corporate Family Rating at B3

FORD MOTOR: Borrowing $18-Bil. for Restructuring, Added Liquidity
FRONTIER OIL:  Earns $120.9 Million in 2006 Third Quarter
GALVEX HOLDINGS: Meeting of Creditors Continued to December 4
GE-RAY FABRICS: Lustar Wants Cushman to Sell Real Property
GRAFTECH INTERNATIONAL: Earns $9.8 Million in 2006 Third Quarter

GRANT PRIDECO: Earns $126.5 Million in 2006 Quarter Ended Sept. 30
GREY WOLF: Earns $55.2 Million in Quarter Ended September 30
GULF COAST: Chapter 7 Conversion Hearing Set for December 4
INVERNESS MEDICAL: Incurs $9.6 Million Net Loss in Third Quarter
MACK MADDEN: Case Summary & Four Largest Unsecured Creditors

MESABA AVIATION: Finalizes Labor Deals with Pilots & Mechanics
METABOLIFE INT'L: Court Sets Jan. 22 as Admin. Claims Bar Date
MEYER'S BAKERIES: Chapter 7 Trustee Hires Austerlitz as Analyst
MILLENIUM BIOLOGIX: Closes $1.475 Mil. Investment in Subsidiary
MUSICLAND HOLDING: Agrees to Adjourn Hayes' Hearing Today

MUSICLAND HOLDING: Court Approves St. Clair Settlement Agreement
NAKOMA LAND: Alan Smith Wants to Withdraw as Bankruptcy Counsel
NASDAQ STOCK: Gets $5.8-Bil. Debt & Equity Financing for LSE Bid
NOVELIS INC: Posts $102 Million Net Loss in 2006 Third Quarter
OPAL CONCEPTS: Court Okays Back Bay to Assist in Pending Action

PERFORMANCE TRANSPORTATION: Court Approves Disclosure Statement
PERFORMANCE TRANSPORTATION: Court Approves Solicitation Procedures
PREMIER ENT: Can Access U.S. Bank Cash Collateral Until Dec. 12
PREMIER ENT: Wants Locke Liddell & DDKF as Panel's Bankr. Counsel
PSS WORLD: Earns $12.7 Million for the Three Months Ended Sept. 29

PURADYN FILTER: Brings In Webb & Company as Accountants
SAINT VINCENTS: Fixes Cure Costs with New York Hyperbaric
SANDISK CORP: Earns $103.2 Mil. in 3rd Fiscal Quarter Ended Oct. 1
SANTIAGO ASSOCIATES: Judge Curley Moves Bankruptcy Case to Calif.
SATELLITE RECORDS: Case Summary & 20 Largest Unsecured Creditors

SBARRO INC: MidOcean Partners Will Buy Company at Undisclosed Term
SEA CONTAINERS: Gets GBP35.7-Million Dividend from GNER
SKYEPHARMA PLC: Lehman Increases Holdings to 7.25%
SOLANO BAKING: Case Summary & 20 Largest Unsecured Creditors
TITANIUM METALS: Earns $54.1 Million in Quarter Ended Sept. 30

TOWER RECORDS: Creditors Can File Proofs of Claim Until Jan. 21
TOWER RECORDS: Files Schedules of Assets and Liabilities
UNIVERSITY HEIGHTS: U.S. Trustee Unable to Form Creditors Panel
WHEELING-PITTSBURG: Election of New Board May Cause Default
XS NRG: Voluntary Chapter 11 Case Summary

* Large Companies with Insolvent Balance Sheets

                             *********

800 S. WELLS: Case Summary & 13 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: 800 S. Wells Commercial LLC
        505 North Lake Shore Drive, Suite 214
        Chicago, IL 60611

Bankruptcy Case No.: 06-15500

Chapter 11 Petition Date: November 27, 2006

Court: Northern District of Illinois (Chicago)

Judge: Jacqueline P. Cox

Debtor's Counsel: Alan I. Ehrenberg, Esq.
                  Joshua M. Bernstein, Esq.
                  Scott C. Frost, Esq.
                  Statman Harris Siegel & Eyrich, LLC
                  333 West Wacker
                  Chicago, IL 60606
                  Tel: (312) 263-1070
                  Fax: (312) 263-1201

Estimated Assets: $1 Million to $100 Million

Estimated Debts:  $1 Million to $100 Million

Debtor's 13 Largest Unsecured Creditors:

   Entity                     Nature of Claim       Claim Amount
   ------                     ---------------       ------------
River City Facilities         Trade debt                 $68,204
c/o American Invsco
1030 N. Clark St., Suite 300
Chicago, IL 60610

Midway Building Services Ltd. Trade debt                 $12,000
2425 East Devon Avenue
Elk Grove Village, IL 6007

Millennium Properties, Inc.   Receiver's fee             $10,000
20 S. Clark, Suite 630
Chicago, IL 60603

INVSCO Management Co.         Management fees             $5,000

Schindler Elevator Corp.      Trade debt                  $3,000

ComEd                         Utility debt                $2,000

Flood Brothers Disposal       Trade debt                  $1,700

A-1 Maintenance Experts Inc.  Trade debt                  $1,000

Emerald Plant Services        Trade debt                  $1,000

McAdam Landscaping, Inc.      Trade debt                    $500

Cintas Corporation #21        Trade debt                     $50

Orkin, Inc.                   Utility debt                   $50

WRT Marc RC                   Bank loan                  Unknown


ADVOCACY & RESOURCES: Judge Lundin Approves Inventory Sale
----------------------------------------------------------
The Honorable Keith M. Lundin of the U.S. Bankruptcy Court for the
Middle District of Tennessee in Cookeville allows Michael E.
Collins, the Chapter 11 Trustee of Advocacy and Resources
Corporation, to sell all of the Debtor's remaining inventory
pursuant to Section 363 of the Bankruptcy Code.

The inventory will be conveyed free and clear of all security
interests, liens, claims and interests.  All security interests
and liens will attach to the net proceeds of the sales in the
order of their existing priority.

Mr. Collins has hired John Heldreth & Associates to supervise the
sale.  John Heldreth will conduct private sale of the assets by
noticing likely potential buyers and soliciting bids.

A list of the assets to be sold is available for free at:

            http://researcharchives.com/t/s?15d2

Headquartered in Cookeville, Tennessee, Advocacy and Resources
Corporation is a non-profit corporation that manufactures food
products for feeding programs operated by the U.S. Government.
Customers include the U.S. Department of Agriculture, the
Department of Defense, and other private distribution firms.
The Company filed for chapter 11 protection on June 20, 2006
(Bankr. M.D. Tenn. Case No. 06-03067).  Michael E. Collins, Esq.,
serves as Chapter 11 Trustee.  Manier & Herod PC represents Mr.
Collins.  When the Debtor filed for chapter 11 protection, it
estimated assets and debts between $10 million and $50 million.


AGRIBIOTECH INC: Court Enters Decree Closing Chapter 11 Cases
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Nevada entered a
final decree and closed the chapter 11 cases of AgriBioTech Inc.
and its debtor-affiliates.  The debtor-affiliates whose cases were
closed include Las Vegas Fertilizer Co., Garden West Distributors,
Inc., and Geo W. Hill & Co., Inc.

The Court also dismissed the chapter 11 case of AgriBioTech
Canada, another debtor-affiliate.

Further, the Court corrected the Debtors' confirmed Plan to enable
Anthony H.N. Schnelling, Trustee of the AgriBioTech Creditor Trust
and Responsible Natural Person for ABT Canada, to donate unclaimed
funds to an agricultural charity or scholarship fund.

                         Case Closing

The Trustee reminds the Court that the ABT Creditor Trust was
established pursuant to the provisions of the Debtors' Court-
approved Amended Plan.  All assets of the Debtors were assigned to
the Creditor Trust with the Trustee charged with liquidating these
assets for distribution.

The Trustee tells the Court that as required by the Plan, he has
finished liquidating all the assets of the Creditors Trust and has
made several interim distributions which included an $11.4 million
distribution in August 2005 and $500,000 distribution in January
2006.  The Trustee relates that he has also made a final
distribution of $105,000 on Aug. 30, 2006.

                AgriBioTech Canada Case Dismissal

The Trustee sought dismissal of AgriBioTech Canada's chapter 11
proceeding citing that since ABT Canada's assets were located in
Canada, it had filed an insolvency proceeding in Canada.  The
Trustee discloses that the Canadian case has been substantially
concluded and all creditor claims filed in the Court against ABT
Canada were transferred to the Canadian court.  For this reason,
ABT Canada was excluded from the Debtors' Confirmed Amended Plan.  
The Trustee contends that dismissing ABT Canada's case is in the
best interest of the creditors and will preserve the
administration of the ABT Canda estate through the completion of
its Canadian insolvency proceeding.

                         Plan Corrections

The Trustee asked the Court to make corrections in the confirmed
Plan citing that the Plan did not contain a mechanism to dispose
of unclaimed funds.  The unclaimed funds, according to the
Trustee, are impossible or impractical to redistribute to known
beneficiaries since the costs outweighs the benefits.  The Trustee
instead wants these amounts donated and assures the Court that the
amount will not impact the amount of the final distribution.

                       About AgriBioTech Inc.

Headquartered in Henderson, Nevada, AgriBioTech Inc. was a
leading turf grass seed and forage seed supplier before filing for
bankruptcy protection in January 2000 (Bankr. D. Nev. Case No.
00-10533), in one of the largest agricultural bankruptcies in U.S.
history.  The Court approved ABT's reorganization plan in 2001,
appointing nationally recognized turnaround expert Anthony
Schnelling as Creditor Trustee to pursue claims for the benefit of
creditors.  The Trustee is represented by James Patrick Shea,
Esq., and Shawn W. Miller, Esq., at Shea & Carylon, Ltd.


AIRBASE SERVICES: Disclosure Statement Hearing Set for December 20
------------------------------------------------------------------
A hearing to consider the adequacy of the disclosure statement
explaining Airbase Services Inc.'s Plan of Reorganization is
scheduled at 9:30 a.m. on Dec. 20, 2006.  

Dennis Faulkner, the Chapter 11 Trustee appointed in Airbase
Services' bankruptcy case, filed the Plan of Reorganization and
accompanying Disclosure Statement with the U.S. Bankruptcy Court
for the Northern District of Texas in Fort Worth on Nov. 16, 2006.

The Debtor no longer has any officers or employees and has sold
substantially all of its assets to 4316924 Canada Inc. and Regent
Aerospace Corporation.  Mr. Faulkner has been given authority to
manage all of the affairs of the Debtor.  Following confirmation
of the Plan, he will be appointed as Plan Administrator.

From the proceeds of the sale of the Debtor's assets, the Chapter
11 Trustee has reserved a total of $1,505,000 for:

     -- up to $130,000 for the claims of taxing authorities;

     -- $25,000 related to claims of secured creditors holding an
        interest in titled vehicles;

     -- $350,000 related to that portion of the Airbase Canada
        stock not pledged to Harris;

     -- $100,000 representing the General Unsecured Claim Carve-
        Out; and

     -- $900,000 with respect to the carve-out for the payment of
        certain administrative expenses.

Pursuant to the records of the Debtor, Mr. Faulkner has identified
approximately 500 creditors.  The Debtor's records show secured
debt of $16,735,506, priority debt of $18,971 plus material
unknown priority debt, and unsecured debt of $11,557,406.

                     Treatment of Claims

Administrative Expense and Priority Tax Claims will be paid in
full on the effective date of the Plan or upon the Court's
approval.

Harris N.A. fka Harris Trust and Savings Bank N.A. are parties to
a January 2000 credit agreement.  When the Debtor filed for
bankruptcy, it owed Harris approximately $15,089,996, plus
interest, costs and expenses.  The loan is secured by
substantially all of the Debtor's assets.  Harris has received
$9,523,026 as paydown for the secured portion of its claim.  The
total deficiency claim of Harris, treated as an unsecured claim,
is currently unknown.  Harris' claim will be paid on the effective
date unless the Court allows an earlier payment.

The claims of other secured creditors will be paid on the latter
of the effective date or the date upon which all secured claims
are resolved with respect to this class or classes with a higher
or conflicting priority of payment.

General unsecured creditors will get a Pro Rata Share of the
residual assets of the Debtor after the payment of all other
creditors.  The Chapter 11 Trustee anticipates distributing to
unsecured creditors $100,000 from the asset sale carve-out plus
35% or approximately $350,000 from the sale of the Airbase Canada
stock.

Equity interest holders get nothing under the Plan.  All equity
interest will be cancelled on the effective date and new equity
will be deemed held by the Plan Administrator.

Headquartered in Grand Prairie, Texas, Airbase Services, Inc. --
http://www.airbaseservices.com/-- maintained and repaired a wide  
range of cargo equipment and cabin interior designs for commercial
airlines, and provided maintenance and management services for the
airline industry.  Due to bankruptcies filed by several of its
airline customers, the Company eventually filed for bankruptcy
protection on May 1, 2006 (Bankr. N.D. Tex. Case. No. 06-41231).  
The Court approved the appointment of Dennis Faulkner as Chapter
11 Trustee in the Debtor's chapter 11 case on May 3, 2006.  Mark
J. Petrocchi, Esq., at Goodrich Postnikoff Albertson & Petrocchi,
LLP, represents the Trustee.  No Official Committee of Unsecured
Creditors has been appointed in the Debtor's case.  In its
schedules of assets and liabilities, the Debtor listed $12,628,078
in total assets and $28,311,883 in total liabilities.


ARROW SEAFOODS: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Arrow Seafoods, Inc.
        800 Food Center Drive, Unit 66
        Bronx, NY 10474

Bankruptcy Case No.: 06-12790

Type of Business: The Debtor sells seafood products.

Chapter 11 Petition Date: November 27,, 2006

Court: Southern District of New York (Manhattan)

Judge: Stuart M. Bernstein

Debtor's Counsel: Jonathan S. Pasternak, Esq.
                  Julie A. Cvek, Esq.
                  Rattet, Pasternak & Gordon Oliver, LLP
                  550 Mamaroneck Avenue, Suite 510
                  Harrison, NY 10528
                  Tel: (914) 381-7400
                  Fax: (914) 381-7406

Debtor's Financial Condition as of June 30, 2006:

         Total Assets: $4,167,006

         Total Debts:  $5,871,115

Debtor's 20 Largest Unsecured Creditors:

   Entity                                           Claim Amount
   ------                                           ------------
   Great Oceans LLC                                     $285,565
   400 Jericho Turnpike, Suite 322
   Jericho, NY 11753

   North Landing                                        $141,762
   610 Brighton Road
   Clifton, NJ 07012

   Dixie Fish Company                                    $92,682
   218 South Cove Lane
   Panama City, FL 32401

   Stark Macrobiotic Fisheries                           $91,853
   29-14 122nd Street
   College Point, NY 11354

   Lindy's Seafood Inc.                                  $82,542

   Acme Smoked Fish Corp.                                $69,001

   Tony & Son Seafood Corp.                              $68,156

   Certified Clam Corp.                                  $60,926

   Viking Village Inc.                                   $60,178

   Early Morning Seafood                                 $58,055

   Clear Springs Foods Inc.                              $57,657

   Steven's Seafood Inc.                                 $55,888

   New Zealand Seafood Mktg.                             $52,398

   Waldman Imports Inc.                                  $51,163

   Fishermen's Dock Cooperative                          $48,091

   MAR Seafood, Inc.                                     $44,685

   Aquachile Inc.                                        $43,742

   Bristol Seafood                                       $43,238

   Stavis Seafood Inc.                                   $40,771

   Nature's Catch Inc.                                   $38,673


AUTOCAM CORP: 10-Q Filing Cues Moody's Review on Junk Ratings
-------------------------------------------------------------
Moody's Investors Service has downgraded Autocam Corporation's
Corporate Family Rating to Ca from Caa1 and placed the ratings
under review for possible further downgrade.  Ratings on Autocam's
and Autocam France SARL's first lien bank debt has been lowered to
Caa1, LGD-2, 20% from B1 LGD-2, 13% and on Autocam's subordinated
debt to C LGD-5, 85% from Caa2 LGD-5, 79%.  The company's
Speculative Grade Liquidity rating was affirmed at
SGL-4.  

The actions come after the disclosure in the company's 10-Q for
Sept. 30, 2006 that it may not be able to satisfy financial
covenants in its senior bank debt and second lien credit facility
at the next measurement date of Dec. 31, 2006, and that it intends
to enter into discussions with those lenders for covenant relief
as well as discussions with holders of its subordinated notes for
potential restructuring.

Autocam's operating results have been negatively impacted by
reduced automotive production levels in North America and Western
Europe, lower market shares of the traditional Big 3 OEMs in North
America, and weak margins arising from agreed price downs and less
than full recovery of higher raw material costs.

The company has also been adversely affected by start-up
expenditures at new facilities in China and Poland, and recent
higher than expected costs on new business launches and other
operating inefficiencies at its European subsidiaries.  Over the
last twelve months, the company has experienced negative free cash
flow of approximately $28 million.

As a result, its liquidity has been under stress and debt/EBITDA
increased to roughly 10 times at the end of the third quarter.  On
an LTM basis, EBIT/interest was 0.3X.  Interest payments on
Autocam's subordinated notes are due on Dec. 15, and on its second
lien notes and bank credit facilities at the end of December.

At mid-Nov., the company stated its consolidated cash holdings
were $13 million, and it had $1.2 million of remaining
availability under its revolving credit facilities.  While it was
in compliance with its financial covenants at Sept. 30, it
revealed that ..."based on current projections, we believe it is
unlikely we will be in compliance with the financial covenants in
our senior credit facilities and second lien credit facility as of
December 31, 2006."

The Corporate Family Rating of Ca emphasizes weak scores for key
credit metrics, poor liquidity, and elevated risk of default.
While certain qualitative factors under the Auto Supplier
Methodology produce higher scores for geographic and customer
diversification, revenue growth and reinvestment rate, scores for
the overwhelming majority of other factors are in the Caa rating
category and pull the overall recommended rating per the
methodology into the low B category.  Disclosures in Autocam's 10-
Q imply a risk of near-term default.  The combination of these
risk attributes produces a Corporate Family rating of Ca.

Ratings have been placed under review for possible further
downgrade.  

The review will focus on both near term developments and
intermediate term prospects for Autocam to return to meaningful
profitability and generate sustainable free cash flow.  In the
short term, the review will evaluate the company's ability to
obtain covenant relief from its lenders and make required debt
payments, as well as any changes to its liquidity profile and
capital structure.  

The review will also assess any related changes to terms and
conditions to Autocam's debt agreements which may result should
waivers, amendments or other alterations to terms be negotiated.

The Caa1, LGD-2, 20% rating for the first lien obligations
reflects the benefit of their "all asset" collateral package and
the magnitude of junior capital beneath their claims.  Junior
capital consists of approximately $77 million of second lien debt,
which is not rated, and $140 million of subordinated notes. The C
LGD 5, 85% rating on the subordinated notes reflects both the
extent of senior claims with higher priority and the beneficial
aspects of its upstreamed guarantees from material domestic
subsidiaries.  The bank debt and second lien term loan similarly
have upstreamed guarantees from Autocam's material domestic
subsidiaries.

The SGL-4 liquidity rating represents poor liquidity over the
coming twelve months.  This reflects the absence of positive free
cash flow, minimal cash balances, approaching interest payments,
and limited remaining availability under its revolving credits.
Furthermore, it incorporates the noted challenges in complying
with its financial covenants when measured at Dec. 31, 2006.

Substantially all of is assets in its domestic and European
operations are pledged as collateral, limiting options to develop
incremental alternative liquidity.  The company has negotiated a
"social agreement" with its French unions to orchestrate
additional measures in its European restructuring.  Should this
proceed, Autocam would incur expenses of the Euro equivalent of
approximately $9 million.

Autocam is also exploring options to reduce its working capital,
liquidate idle equipment and arrange for additional external
capital.

Ratings lowered;

   * Autocam Corporation

      -- Corporate Family Rating, Ca from Caa1

      -- Probability of Default, Ca from Caa1

      -- First lien multicurrency revolving credit, Caa1 LGD2,
         20%, from B1 LGD2, 13%

      -- First lien term loan, Caa1 LGD2, 20% from B1 LGD2, 13%

      -- Senior subordinated notes, C LGD5, 85% from Caa2 LGD5,
         79%

   * Autocam France SARL

      -- EURO denominated revolving credit, Caa1, LGD2, 20%, from
         B1 LGD2, 13%

      -- EURO denominated term loan, Caa1 LGD2, 20%, from B1
         LGD2, 13%

Ratings affirmed:

   * Autocam Corporation

      -- Speculative Grade Liquidity rating, SGL-4

The last rating action was on Sept. 22, 2006 when ratings for
Autocam were adjusted upon the implementation of Moody's Loss
Given Default Methodology.

Autocam Corporation, headquartered in Kentwood, Mich., is a
manufacturer of extremely close tolerance precision-machined,
metal alloy components, sub-assemblies and assemblies, primarily
for performance and safety critical automotive applications.
Revenues in 2005 were approximately $350 million from operations
in North America, Europe, and Brazil.


BISYS GROUP: $65.80-Mil. Settlement Hearing Set for January 18
--------------------------------------------------------------
The Honorable Jed S. Rakoff of the U.S. District Court for the
Southern District of New York will convene a hearing at 10:00 a.m.
on Jan. 18, 2007, to consider:

     a) approval of a $65,875,000, plus interest, proposed
        settlement between The BISYS Group, Inc. and parties who
        purchased or acquired the Company's common stock during
        the period between Oct. 23, 2000 and Aug. 11, 2006;

     b) certification of the settlement class; and

     c) approval of the proposed Plan of Allocation under the
        settlement agreement.  

In order to share in the distribution of the settlement fund,
settlement class members must submit a Proof of Claim and Release
no later than March 26, 2007.  The Proof of Claim and Release can
be obtained from:

        In Re BISYS Securities Litigation
        c/o A.B. Data Ltd.
        PO Box 170200
        Milwaukee, WI 53217

Objections to the settlement or the Plan of Allocation must be
filed with the District Court no later than Dec. 28, 2006, at:

       Clerk of Court
       U.S. District Court
       Southern District of New York
       500 Pearl Street
       New York, NY 10007-1312

Copies of the objections must be furnished to:

      1) Lead Plaintiff's Counsel and Coordinating Counsel:

         Cauley Bowman Carney & Williams, PLLC
         S. Gene Cauley, Esq.
         J. Allen Carney, Esq.
         Marcus N. Bozeman, Esq.
         11311 Arcade, Suite 200
         Little Rock, AR 72212

      2) Co-Lead Plaintiff's Counsel:

         Kirby McInerney & Squire LLP
         Peter S. Linden, Esq.
         Ira M. Press, Esq.
         830 Third Avenue, 10th Floor
         New York, NY 10022

      3) Counsel for BISYS:

         Skadden, Arps, Slate, Meagher & Flom, LLP
         Jerome Hirsch, Esq.
         Four Times Square
         New York, NY 10036-6522

     4) Counsel for Dennis R. Sheehan, Lyn J. Mangum
        Andrew C. Corbin, James L. Fox, Kevin Dell and
        Mark J. Rybarcyzk:

        Cahill Gordon & Reindel LLP
        Joel Kurtzberg, Esq.
        80 Pine St.
        New York, NY 10005-1702       

     5) Counsel for Rusell P. Fradin

        Jenner & Block LLP
        David W. Debruin, Esq.
        919 Third Avenue, 37th Floor
        New York, NY 10023908

The BISYS Group, Inc. (NYSE: BSG) - http://www.bisys.com/--   
provides outsourcing solutions that enable investment firms,
insurance companies, and banks to serve their customers, grow
their businesses, and respond to evolving regulatory requirements.  
Its Investment Services group provides administration and
distribution services for mutual funds, hedge funds, private
equity funds, retirement plans and other investment products.  
Through its Insurance Services group, BISYS is the distributes
life insurance, commercial property/casualty insurance, long-term
care, disability, and annuity products.  BISYS' Information
Services group provides industry-leading information processing,
imaging, and back-office services to banks, insurance companies
and corporate clients.  Headquartered in New York, BISYS generates
more than $1 billion in annual revenues worldwide.

                         *     *     *

On Nov. 15, 2006, BISYS entered into a second amendment to its
Credit Agreement dated as of Jan. 3, 2006.  The Amendment amends
the Credit Agreement to, among other things, extend to
Jan. 15, 2007, the time to deliver its Form 10-K for the fiscal
year ended June 30, 2006 and the related compliance certificate
and to also extend the time to deliver its Form 10-Q for the first
and second quarters of fiscal 2007.

The Amendment further allows BISYS to seek an extension in the
Maturity Date of the Credit Agreement from June 30, 2007 to
Dec. 31, 2007 and includes an uncommitted accordion feature that
allows BISYS to request a term loan of up to $50 million under the
Credit Agreement.  SunTrust, or participating lenders if the
credit facility is syndicated, has no obligation to make such term
loan.


BOMBARDIER INC: Wins $605 Million Train Order From France
---------------------------------------------------------
Bombardier Transportation has received an additional order for 112
high-capacity trains AGC type from the French National Railways,
valued at about EUR467 million ($605 million).  The SNCF
represents the French Regions in this transaction.  

Deliveries of the trains are scheduled to begin in October 2007.  
Bombardier will manufacture these AGC trains at its Crespin plant,
in the Valenciennes region in France.

This firm order follows the announced selection of Bombardier by
SNCF in September 2001 for the supply of 500 high-capacity
regional trains AGC type for the French Regions.  The total number
of firmly ordered AGC trains by SNCF is now 612.

Twenty-one French regions have already ordered AGC trains,
including most recently Poitou-Charentes and Ile-de-France.

"This new order confirms the AGC's impressive success with the
operator and the French regions alike.  Passenger surveys have
yielded a positive feedback of more than 90 % on design, comfort
and convenience of these trains," commented Jean Berge, Chief
Country Representative France, Bombardier Transportation.  "We are
especially proud of this new milestone.  It bears witness to
SNCF's confidence in the AGC, positioning it firmly in the
exclusive circle of large-scale modern railway series."

In France, Bombardier Transportation operates primarily at its
Crespin factory in the Valenciennes region, which employs 1,600
people and is the leading French manufacturing site in the railway
industry.  Bombardier Transportation is involved in all TGV (high-
speed rail) programs.  The group manufactures a wide range of
rolling stock for public transport.

The Bombardier Transportation Group has its global headquarters in
Berlin, Germany with a presence in over 60 countries.  It has an
installed base of approximately 97,000 vehicles worldwide.  The
Group offers the broadest product portfolio and is recognized as
the leader in the global rail sector.

                         About Bombardier

Headquartered in Valcourt, Quebec, Bombardier Inc. (TSX: BBD) --
http://www.bombardier.com/-- manufactures transportation  
solutions, from regional aircraft and business jets to rail
transportation equipment.

                         *     *     *

As reported in the Troubled Company Reporter on Nov. 1, 2006,
Dominion Bond Rating Service confirmed the ratings of Bombardier
Inc. and Bombardier Capital Ltd.  The Senior Unsecured Debentures
of both Bombardier Inc. and Bombardier Capital Ltd. are confirmed
at BB, and Preferred Shares of Bombardier Inc. at Pfd-4.  All
trends are Negative.

In October 2006, Fitch Ratings downgraded the debt and Issuer
Default Ratings for both Bombardier Inc.  The Company's issuer
default rating was downgraded from BB to BB-.  Other rating
actions include, Senior unsecured debt revised to 'BB-' from 'BB';
Credit facilities revised to 'BB-' from 'BB' and Preferred stock
revised to 'B' from 'B+'.  The Rating Outlook is Stable.

Also in October 2006, Standard & Poor's Ratings Services affirmed
its 'BB' long-term corporate credit rating on Bombardier.  At the
same time, Standard & Poor's assigned its 'BB' issue rating to
Bombardier's proposed issuance of up to EUR1.8 billion seven-to-
ten-year multi-tranche senior unsecured notes.

Bombardier Inc.'s proposed EUR1.8 billion in new senior unsecured
notes carry Moody's Investors Service Ba2 rating.


BON-TON STORES: Board Declares Dividend of 2-1/2 Cents Per Share
----------------------------------------------------------------
The Bon-Ton Stores Inc.'s Board of Directors declared a cash
dividend of 2-1/2 cents per share on the class A common stock and
common stock of the Company payable Jan. 16, 2007 to shareholders
of record as of Jan. 2, 2007.

The Bon-Ton Stores Inc. -- http://www.bonton.com/-- operates 271  
department stores and seven furniture stores in 23 states in the
Northeast, Midwest and Great Plains under the Bon-Ton, Bergner's,
Boston Store, Elder-Beerman, Carson Pirie Scott, Herberger's and
Younkers nameplates.  The stores offer a broad assortment of
brand-name fashion apparel and accessories for women, men and
children, as well as cosmetics, home furnishings and other goods.

                         *     *     *

As reported in the Troubled Company Reporter on Mar. 2, 2006,
Fitch Ratings rated The Bon-Ton Stores, Inc.'s $1 billion senior
secured credit facility at 'B+/RR2'; $260 million mortgage loan
facility at 'B+/RR2'; and $525 million of senior unsecured notes
at 'CCC/RR6'.  Fitch also rated the Company's Issuer default
rating at 'B-'.

Fitch estimated that approximately $1.2 billion of debt would be
outstanding following BON-TON's acquisition of Saks Incorporated's
Northern Department Store Group, and said the Rating Outlook is
Stable.

As reported in the Troubled Company Reporter on Feb. 21, 2006,
Moody's Investors Service assigned first time ratings to The Bon
-Ton Stores Inc., including a B1 Corporate family rating and B2
rating on $525 million of senior unsecured guaranteed notes.  The
outlook is stable.


BRICKMAN GROUP: Earns $7.9 Million in Quarter Ended September 30
----------------------------------------------------------------
The Brickman Group Ltd. reported net income of $7.9 million on
$126.8 million of revenue for the three months ended Sept. 30,
2006.

Brickman's third quarter net income of $7.9 million is
$2.5 million greater than 2005's third quarter net income of
$5.4 million.  These increases were attributable to higher revenue
of $12.7 million, and higher gross profit of $4.6 million related
to the higher revenue.

Third quarter revenues of $126.8 million represents an increase of
$12.7 million, or 11.1% over the same period in 2005.  This
increase was driven by an increase in landscape services revenues.
The increase in landscape maintenance revenues was the result of
new landscape maintenance contracts and supplemental landscaping
services.

The Company's balance sheet at Sept. 30, 2006, showed $255,953,000
in total assets, $240,870,000 in total liabilities and $15,083,000
in stockholders' equity.

Brickman's working capital at Sept. 30, 2006, was $25.3 million
compared to working capital of $20.1 million at Dec. 31, 2005.  
The increase in working capital resulted from seasonal factors
resulting from additional landscaping services performed in the
spring and summer months.  There was a $4 million outstanding
balance on Brickman's $30 million revolving credit facility at
Sept. 30, 2006.

A full-text copy of the Company's quarterly report is available
for free at http://researcharchives.com/t/s?15d4

The Brickman Group Ltd. -- http://www.brickmangroup.com/--  
performs landscape maintenance, landscape construction and
enhancement, and snow removal services for commercial customers in
major metropolitan areas in 25 states throughout the United
States.

                         *     *     *

As reported in the Troubled Company Reporter on Nov. 24, 2006,
Moody's placed the ratings of the Brickman Group Ltd. under review
for possible downgrade.  The ratings placed under review include,
its Ba3 corporate family rating and probability of default rating,
the Baa3 rating on its senior secured bank credit facility, and
the Ba3 rating on its senior subordinated notes.

As reported in the Troubled Company Reporter on Nov. 9, 2006,
Standard & Poor's Ratings Services revised its outlook on The
Brickman Group Ltd. to stable from positive.  At the same time,
the company's 'BB-' senior secured debt rating was withdrawn.  
Existing ratings on the company, including the 'BB-' corporate
credit and 'B' subordinated debt ratings, were affirmed.


CALPINE CORP: Wants to Extend Plan-Filing Period to June 2007
-------------------------------------------------------------
Calpine Corp. and its debtor-affiliates ask the U.S. Bankruptcy
Court for the Southern District of New York to further extend
their exclusive period to propose a reorganization plan through
and including June 20, 2007, and to solicit acceptances of that
plan through and including Aug. 20, 2007.  

As reported in the Troubled Company Reporter on May 8, 2006,
the Debtors obtained permission from the Court to extend its
exclusive periods to file a plan of reorganization through Dec.
31, 2006; and file and solicit acceptances of that plan through
March 31, 2007.

Richard M. Cieri, Esq., at Kirkland & Ellis LLP, in New York, says
the Debtors have made enormous progress towards successfully
restructuring their businesses, however, many tasks remain to be
done.  

During the course of their bankruptcy, the Debtors have analyzed
the profitability of their operations, contracts and other
agreements and assets.  The Debtors have also divested certain
underperforming plants, restructured unprofitable contractual
obligations related to certain plants, and sold surplus or idle
assets, while continuing to evaluate whether to sell or
restructure other assets to address the company's longer-term
balance sheet.  As a result of their efforts, the Debtors have:

   * reduced their outstanding debt by approximately
     $1,100,000,000;

   * generated more than $260,000,000 in sales proceeds; and

   * enhanced annual cash flow by approximately $150,000,000.

In addition, the Debtors have revamped nearly their entire senior
management team and put in place a major organization
restructuring and cost-reduction plan, which will eliminate nearly
a third of the their workforce and bring nearly $180,000,000 in
annual savings once fully implemented in 2007.

Furthermore, the Debtors have nearly finalized their determination
of whether to assume or reject more than 460 leases and 28,000
executory contracts.  

The Debtors have also begun engaging an evaluation and
restructuring of their entire business model to rationalize and
enhance the efficiencies of their businesses, according to Mr.
Cieri.  The business plan will not only serve as the basis for the
Debtors' plan of reorganization, it also represents their vision
for a new Calpine.

The Debtors expect to have their business plan ready for sharing
with their Board of Directors and committees by mid-December this
year.  The Debtors expect that from the business plan, a due
diligence and dialogue from their constituents will continue, and
from those discussions, a development of a plan of reorganization.

Mr. Cieri contends that while the Debtors could rush to exit
Chapter 11 with a business plan that did not have the benefit of
interaction and dialogue with their stakeholders, the Debtors
believe the more reasoned approach is to spend an adequate amount
of time with their creditor constituencies.  Given the size and
complexity of the Debtors' cases, Mr. Cieiri says, the process
will take some time.

Going forward, the Debtors estimate that they will require
approximately six months to distribute and build support for their
business plan and to formulate and attempt to build consensus
around a reorganization plan that is based on the finalized
business plan.  

Headquartered in San Jose, California, Calpine Corporation
(OTC Pink Sheets: CPNLQ) -- http://www.calpine.com/-- supplies  
customers and communities with electricity from clean, efficient,
natural gas-fired and geothermal power plants.  Calpine owns,
leases and operates integrated systems of plants in 21 U.S. states
and in three Canadian provinces.  Its customized products and
services include wholesale and retail electricity, gas turbine
components and services, energy management and a wide range of
power plant engineering, construction and maintenance and
operational services.

The company previously produced a portion of its fuel consumption
requirements from its own natural gas reserves. However, in July
2005, the company sold substantially all of its remaining domestic
oil and gas assets to Rosetta Resources Inc.

The company filed for chapter 11 protection on Dec. 20, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard M. Cieri, Esq.,
Matthew A. Cantor, Esq., Edward Sassower, Esq., and Robert G.
Burns, Esq., Kirkland & Ellis LLP represent the Debtors in their
restructuring efforts.  Michael S. Stamer, Esq., at Akin Gump
Strauss Hauer & Feld LLP, represents the Official Committee of
Unsecured Creditors.  As of Dec. 19, 2005, the Debtors listed
$26,628,755,663 in total assets and $22,535,577,121 in total
liabilities.  (Calpine Bankruptcy News, Issue No. 32; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000)


CENTRAL VERMONT: Earns $7 Million in Quarter Ended September 30
---------------------------------------------------------------
Central Vermont Public Service reported $7 million of net income
on $79.9 million of net revenues for the three months ended
Sept. 30, 2006, in contrast to $2.7 million of net income on
$75 million of net revenues for the same period in 2005.

The company's balance sheet showed $464.1 million in total assets
and $158.5 million in total liabilities at Sept. 30, 2006.

The Company had cash and cash equivalents of $3.3 million included
in total working capital of $9.8 million at Sept. 30, 2005.  The
Company had cash and cash equivalents of $11.5 million included in
total working capital of $81.2 million.  Its cash and cash
equivalents at Sept. 30, 2005, included $3.1 million from
discontinued operations.

A full-text copy of the Company's quarterly report is available
for free at http://researcharchives.com/t/s?15c9

Founded in 1929, Central Vermont Public Service (NYSE: CV) is
Vermont's largest electric utility.  Central Vermont's non-
regulated subsidiary, Eversant Corporation, sells and rents
electric water heaters through a subsidiary, SmartEnergy Water
Heating Services.

                        *     *     *

As reported in the Troubled Company reporter on Aug. 4, 2006,
Standard & Poor's Ratings Services affirmed its 'BB+' corporate
credit rating and 'BBB' senior secured bond rating on electric
utility Central Vermont Public Service Corp.

At the same time, the preferred stock rating was lowered to 'B+'
from 'BB-'.  The outlook is stable.


CHARMING CASTLE: Court Approves Shields as Bankruptcy Counsel
-------------------------------------------------------------
Charming Castle LLC obtained authority from the United States
Bankruptcy Court for the Northern District of Alabama to employ
The Shields Law Firm as its bankruptcy counsel.

As reported in the Troubled Company Reporter on Oct. 18, 2006,
Shields is expected to:

    a. prepare pleadings and applications and conducting
       examinations incidental to any related proceedings or to
       the administration of this case;

    b. develop the relationship of the status of the Debtor to the
       claims of creditors in this case;

    c. advise the Debtor of its rights, duties, and obligations as
       Debtor operating under Chapter 11 of the Bankruptcy Code;

    d. take any and all other necessary action incident to the
       proper preservation and administration of this Chapter 11
       case; and

    e. advise and assisting the Debtor in the formation and
       preservation of a plan pursuant to Chapter 11 of the
       Bankruptcy Code, the disclosure statement, and any and all
       matters related thereto.

The Debtor disclosed that Robert L. Shields, III, Esq., will bill
$305 per hour for this engagement.  The Debtor further disclosed
that other attorneys of the firm bill between $100 to $175 per
hour while paralegals bill $95 per hour.

The Debtor told the Court that it paid the firm a $25,000
retainer.

To the best of the Debtor's knowledge, the firm is a
"disinterested person" under Section 101(14) of the Bankruptcy
Code.

Mr. Shields can be reached at:

        Robert L. Shields, III, Esq.
        The Shields Law Firm
        2025 Third Avenue North, Suite 301
        Birmingham, AL 35203
        Tel: (205) 323-0010
        Fax: (205) 322-8385

Headquartered in Hackleburg, Alabama, Charming Castle LLC, dba
Indies House -- http://www.indieshouse.net/-- manufactures mobile
homes.  The Company filed for chapter 11 protection on Oct. 5,
2006 (Bankr. N.D. Ala. Case No. 06-71420).  Burr & Forman LLP
represents the Official Committee of Unsecured Creditors.  When
the Debtor filed for protection from its creditors, it listed
estimated assets of less than $50,000 but estimated debts between
$10 million and $50 million.  The Debtor's exclusive period to
file a chapter 11 expires on Feb. 2, 2007.


CHARMING CASTLE: Files Schedules of Assets and Liabilities
----------------------------------------------------------
Charming Castle LLC delivered its schedules of assets and
liabilities to the U.S. Bankruptcy Court for the Northern District
of Alabama, disclosing:

     Name of Schedule                Assets         Liabilities
     ----------------                ------         -----------
  A. Real Property                    $700,000
  B. Personal Property               3,002,355
  C. Property Claimed
     as Exempt
  D. Creditors Holding
     Secured Claims                                  $1,548,679
  E. Creditors Holding
     Unsecured Priority Claims                                8
  F. Creditors Holding
     Unsecured Nonpriority
     Claims                                          10,919,925
                                    ----------      -----------
     Total                          $3,702,355      $11,468,612

Headquartered in Hackleburg, Alabama, Charming Castle LLC, dba
Indies House -- http://www.indieshouse.net/-- manufactures mobile
homes.  The Company filed for chapter 11 protection on Oct. 5,
2006 (Bankr. N.D. Ala. Case No. 06-71420).  Robert L. Shields,
III, Esq., at the Shields Law Firm represents the Debtor in its
restructuring efforts.  Burr & Forman LLP represents the Official
Committee of Unsecured Creditors.  When the Debtor filed for
protection from its creditors, it listed estimated assets of less
than $50,000 but estimated debts between $10 million and $50
million.  The Debtor's exclusive period to file a chapter 11
expires on Feb. 2, 2007.


CHICAGO HUDSON: Court Converts Case to Chapter 7 Proceeding
-----------------------------------------------------------
At the request of William T. Neary, the U.S. Trustee for Region 6,
the U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division, converted Chicago Hudson LLC's Chapter 11 case
into a liquidation proceeding under Chapter 7 of the Bankruptcy
Code.

In his motion for conversion, as published in the Troubled Company
Reporter on Oct. 19, 2006, Mr. Neary argued that the Debtor's
estate has suffered a substantial diminution and that there is no
longer any reasonable likelihood of rehabilitation following the
Debtor's sale of its real property located at 750 North Hudson in
Chicago.  The Debtor's schedules of assets and liabilities, filed
on May 31, 2006, had listed the property as the Debtor's sole
asset.

Mr. Neary has appointed Joseph A. Baldi as trustee in the Debtor's
Chapter 7 estate.

Headquartered in Chicago, Illinois, Chicago Hudson LLC filed for
chapter 11 protection on May 16, 2006 (Bankr. N.D. Ill. Case No.
06-05596).  Richard S. Lauter, Esq., at Levenfeld Pearlstein, LLC,
represents the Debtor in its restructuring efforts.  No Official
Committee of Unsecured Creditors has been appointed in the
Debtor's case to date.  When the Debtor filed for protection from
its creditors, it estimated assets and debts between $10 million
and $50 million.


CHICAGO HUDSON: Meeting of Creditors Scheduled Tomorrow
-------------------------------------------------------
William T. Neary, the U.S. Trustee for Region 6, will convene a
meeting of Chicago Hudson LLC's creditors tomorrow, Nov. 29, 2006,
4:00 p.m., at Room 3360, 227 W. Monroe Street, in Chicago,
Illinois.  This is the first meeting of creditors after the
Debtors' chapter 11 case was converted to a chapter 7 proceeding.

All creditors are invited, but not required, to attend.  This
Meeting of Creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible officer of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

Headquartered in Chicago, Illinois, Chicago Hudson LLC filed for
chapter 11 protection on May 16, 2006 (Bankr. N.D. Ill. Case No.
06-05596).  Richard S. Lauter, Esq., at Levenfeld Pearlstein, LLC,
represents the Debtor in its restructuring efforts.  No Official
Committee of Unsecured Creditors has been appointed in the
Debtor's case to date.  When the Debtor filed for protection from
its creditors, it estimated assets and debts between $10 million
and $50 million.


CHURCH & DWIGHT:  Earns $38.7 Million in 2006 Third Quarter
-----------------------------------------------------------
Church & Dwight Co. Inc. reported a $38.7 million net income on
$518.6 million of net sales for the quarter ended Sept. 29, 2006,
compared with a $34.6 million net income on $442.7 million of net
sales for the same period in 2005.

At Sept. 30, 2006, Church & Dwight Co.'s balance sheet showed
$2.36 billion in total assets, $1.52 billion in total liabilities,
$219,000 in minority interests, and $834.9 million in total
stockholders' equity.

The Company's net sales for the quarter ended Sept. 29, 2006,
increased $75.8 million or 17.1% above net sales during the same
quarter last year, mainly due to the inclusion of revenues of
$62.8 million from three businesses acquired since late last year,
the Spinbrush battery-powered toothbrush business, a skin care
brand in Brazil, and the recently completed acquisition on Aug. 7,
2006, of the net assets of Orange Glo International Inc., which
markets OXICLEAN and other products.  Favorable foreign exchange
rates accounted for $4.1 million of the increase.

The Company's gross profit in the quarter ended Sept. 29, 2006,
increased to $203 million, an increase of $35.4 million compared
to the third quarter of 2005.  Approximately $25.8 million of the
increase was associated with the acquired businesses' products and
the balance of the increase is due to the net effect of the price
increases, partially offset by a substantial increase in commodity
costs over the past year.

                Purchase of Orange Glo International

On Aug. 7, 2006, the Company closed on its acquisition of the net
assets of Orange Glo International Inc., which sells laundry and
cleaning products.  The company paid approximately $326 million,
plus fees of approximately $4.1 million, which was financed
through a $250 million addition to its existing bank credit
facility and available cash.

                        Changes in Cash Flow

The Company's net cash provided by operations in the first nine
months of 2006 decreased $21.9 million to $109.3 million as
compared to the same period in 2005, primarily due to an increase
in working capital, specifically receivables and inventories
associated with the Spinbrush acquisition.

Net cash used in investing activities during the first nine months
of 2006 was $370.2 million, reflecting $33.2 million of additions
for property, plant and equipment, $7 million to purchase the USAD
Canadian business and approximately $330.1 million for the
purchase of Orange Glo International.

Net cash provided by financing activities during the first nine
months of 2006 was $226.7 million.  This represents an increase
in variable rate debt of $250 million to purchase Orange Glo
International, $7.5 million in short-term borrowings related to
the company's accounts receivable securitization, and proceeds of
and tax benefits from stock option exercises of $15.1 million
partially offset by Tranche A term loan payments of $23.2 million
and the payment of cash dividends of $12.3 million.

Full-text copies of the company's consolidated financial
statements are available for free at:
              
               http://researcharchives.com/t/s?15c0

Headquartered in Princeton, New Jersey, Church & Dwight Co. Inc.
-- http://www.churchdwight.com/-- manufactures and sells sodium  
bicarbonate products popularly known as baking soda.  The company
also makes laundry detergent, bathroom cleaners, cat litter,
carpet deodorizer, air fresheners, toothpaste, and
antiperspirants.

                          *      *      *

As reported in the Troubled Company Reporter on Sept. 28, 2006,
Moody's Investors Service affirmed its B2 Corporate Family Rating
for Church & Dwight Company Inc. in connection with the
implementation of its new Probability-of-Default and Loss-Given-
Default rating methodology for the US Consumer Products, Beverage,
Toy, Natural Product Processors, Packaged Food Processors and
Agricultural Cooperative sectors.  Moody's also upgraded its  
probability-of-default rating for the Company's $100 million
Revolving Credit from Ba2 to Baa3.


COI MIDWEST: Court Approves Mitchell Silberberg as Special Counsel
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
allowed COI Midwest Investment LLC to employ Mitchell Silberberg &
Knupp LLP as its special environmental counsel, nunc pro tunc to
Aug. 7, 2006.

Mitchell Silberberg will assist the Debtor in evaluating
environmental issues related to preparing the Debtor's real
property located at 900 South Turnball Canyon Road, in City of
Industry, California, for sale.

Arthur Fine, Esq., a Mitchell Silberberg partner, discloses that
the firm's professionals bill:

              Designation               Hourly Rate
              -----------               -----------
              Partners                  $385 - $600
              Associates                $215 - $395
              Paralegals & Project      $110 - $190
              Assistants

Mr. Fine assures the Court that his firm has no interest adverse
to the Debtor's estate.

Headquartered in the City of Industry, California, COI Midwest
Investments LLC leases its real property in Canyon Road.  The
Company filed for bankruptcy protection on June 1, 2006 (Bankr.
C.D. Calif. Case No. 06-12329).  Ron Bender, Esq., and David B.
Golubchik, Esq., at Levene, Neale, Bender, Rankin & Brill, LLP,
represent the Debtor in its restructuring efforts.  No Official
Committee of Unsecured Creditors has been appointed in this case.
When the Debtor filed for bankruptcy, it reported assets amounting
between $10 million and $50 million and debts aggregating between
$1 million and $10 million.


COI MIDWEST: Hires Cushman & Wakefield as Real Estate Brokers
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
gave COI Midwest Investment LLC permission to employ Cushman &
Wakefield as its real estate brokers.

As reported in the Troubled Company Reporter on Aug. 15, 2006,
Cushman & Wakefield will:

    a. advertise and market the Debtor's property to interested
       parties;

    b. show the Debtor's property to interested parties;

    c. represent the Debtor's estate as seller in connection with
       the sale of the Debtor's property;

    d. advise the Debtor with respect to obtaining the highest and
       best offer available in the present market for its
       property; and

    e. execute all documents necessary to consummate a sale of the
       Debtor's property to the highest and best buyer, including
       an offer sheet, escrow instructions, a grant deed and all
       other purchase and sale and closing documents.

The Debtor disclosed that under a Sales Listing Agreement with
Cushman & Wakefield, the Debtor will reimburse Cushman & Wakefield
for expenses incurred but not to exceed $20,000.

Mr. Hasbrouck assured the Court that Cushman & Wakefield does not
represent any interest adverse to the Debtor or its estate.

Headquartered in the City of Industry, California, COI Midwest
Investments LLC leases its real property in Canyon Road.  The
Company filed for bankruptcy protection on June 1, 2006 (Bankr.
C.D. Calif. Case No. 06-12329).  Ron Bender, Esq., and David B.
Golubchik, Esq., at Levene, Neale, Bender, Rankin & Brill, LLP,
represent the Debtor in its restructuring efforts.  No Official
Committee of Unsecured Creditors has been appointed in this case.
When the Debtor filed for bankruptcy, it reported assets amounting
between $10 million and $50 million and debts aggregating between
$1 million and $10 million.


COMPLETE RETREATS: Hires Donlin Recano as Claims & Balloting Agent
------------------------------------------------------------------
The Honorable Alan H.W. Shiff of the U.S. Bankruptcy Court for the
District of Connecticut permitted Complete Retreats LLC and its
debtor-affiliates to employ Donlin, Recano & Company Inc. as their
claims, notice, and balloting agent, nunc pro tunc to Sept. 27,
2006.

Judge Shiff ruled that if the Debtors' cases are converted to
cases under Chapter 7 of the Bankruptcy Code:

   * Donlin Recano's services as claims, noticing, and balloting
     agent will automatically terminate without further Court
     order; and

   * Donlin Recano will not automatically be paid for its
     services until the claims filed in the Chapter 11 cases have
     been completely processed.

As reported in the Troubled Company Reporter on Oct. 11, 2006,
the Debtors have more than 5,000 creditors and other potential
parties-in-interest.  The Debtors believe that the Bankruptcy
Clerk's Office is not equipped to (i) distribute notices, (ii)
process all of the proofs of claim filed in the Chapter 11 cases,
and (iii) assist in the balloting process.

According to Holly Felder Etlin, the Debtors' chief restructuring
officer, Donlin Recano was chosen based on its experience and the
competitiveness of its fees.  Ms. Etlin noted that Donlin Recano
has provided identical or substantially similar services that the
Debtors seek from it in other large Chapter 11 cases.

As the Debtors' claims, notice, and balloting agent, Donlin
Recano will:

   (a) design, maintain, and administer a claims database;

   (b) provide copy and notice service consistent with the
       applicable local bankruptcy rules;

   (c) file with the Bankruptcy Clerk an affidavit or certificate
       of service that includes a copy of the notice, a list of
       persons to whom it was mailed, and the date the notice was
       mailed;

   (d) docket all claims received, maintain the official claims
       registers for each of the Debtors, and provide the Clerk
       with certified duplicate unofficial Claims Registers on a
       monthly basis, unless otherwise directed;

   (e) specify for each claim docketed in the applicable Claims
       Register:

         * the claim number assigned,

         * the date received,

         * the claimant's name and address or that of the agent
           who filed the claim,

         * the filed claim amount, if liquidated, and

         * the classification of the claim;

   (f) record and provide notices of all claims transfers as
       required by Rule 3001 of the Federal Rules of Bankruptcy
       Procedure;

   (g) make changes in the Claims Register pursuant to an order
       of the Court;

   (h) turn over to the Clerk copies of the Claims Registers for
       the Clerk's review upon completion of the docketing
       process for all claims received to date by the Clerk's
       office;

   (i) maintain the Claims Register for public examination
       without charge during regular business hours;

   (j) maintain the official mailing list for each Debtor of all
       entities that have filed a proof of claim and make the
       list available to parties-in-interest or the Clerk upon
       their request;

   (k) assist with, among other things, solicitation,
       calculation, and tabulation of votes and distribution; and

   (l) provide and maintain a web site where parties can view the
       claims filed, status of claims, and pleadings or other
       documents filed with the Court by the Debtors;

   (m) box and transport all original documents in proper format,
       as provided by the Clerk's office, to the Federal Records
       Center at the close of the Debtors' bankruptcy cases.

The Debtors will pay for Donlin Recano's consulting services at
these hourly rates:

   Professional                          Hourly Rate
   ------------                          -----------
   Principals                                $250
   Sr. Bankruptcy Consultant/Attorneys   $170 - $230
   Bankruptcy Analysts                   $130 - $155
   Programming Consultants                   $135
   Case Administrators                        $65
   Data Encoders                              $35

The Debtors asked the Court to treat Donlin Recano's fees and
expenses as an administrative expense of their estates.  The
Debtors further asked the Court for permission to pay Donlin
Recano's fees and expenses in the ordinary course of business
without the need for Donlin Recano to seek the Court's approval
of its fees and expenses.

Donlin Recano will maintain records of all services provided to
the Debtors, showing dates, categories of services, fees charged,
and expenses incurred and that it will serve monthly invoices on
the counsel of the Official Committee of Unsecured Creditors and
any other official committees that may be appointed in the
Debtors' Chapter 11 cases.

In the event the Debtors' cases are converted to cases under
Chapter 7 of the Bankruptcy Code, the Debtors sought the Court's
permission to continue to pay Donlin Recano for its services
until the claims filed in the cases have been completely
processed.  Moreover, if claims agent representation is necessary
in the converted Chapter 7 cases, the Debtors asked to continue
paying Donlin Recano's fees and expenses in accordance with
Section 156(c).

Louis A. Recano, a principal of Donlin, Recano & Company, Inc.,
assured the Court that his firm neither holds nor represents any
interest adverse to the Debtors' respective estates on matters
for which it is to be employed and that it has no prior
connection with the Debtors.  Donlin Recano is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code, Mr. Recano said.

                     About Complete Retreats

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.  

Complete Retreats and its debtor-affiliates filed for chapter 11
protection on July 23, 2006 (Bankr. D. Conn. Case No. 06-50245).  
Nicholas H. Mancuso, Esq. and Jeffrey K. Daman, Esq. at Dechert
LLP represent the Debtors in their restructuring efforts.  Michael
J. Reilly, Esq., at Bingham McCutchen LP, in Hartford,
Connecticut, serves as counsel to the Official Committee of
Unsecured Creditors.  No estimated assets have been listed in the
Debtors' schedules, however, the Debtors disclosed $308,000,000 in
total debts.  

The Debtors' exclusive period to file a plan expires on
February 18, 2007.  They have until April 19, 2007, to solicit
acceptance to that plan.  (Complete Retreats Bankruptcy News,
Issue No. 15; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


CONMED CORP: Reports $3.3 Million Net Income in 2006 Third Quarter
------------------------------------------------------------------
For the three months ended Sept. 30, 2006, Conmed Corp. recorded
$3.3 million of net income on $154.9 million of net revenues
compared to $7.9 million of net income earned on $149.9 million of
net revenues for the same period in 2005.

At Sept. 30, 2006, the Company's balance sheet reported
$919.8 million in total assets and $456.8 million in total
liabilities.

A full-text copy of the Company's quarterly report is available
for free at http://researcharchives.com/t/s?15ca

                       New CEO For Next Year

Conmed Corp.'s Board of Directors has elected Joseph J. Corasanti
as its next chief executive officer, effective Jan. 1, 2007.  Mr.
Corasanti currently serves as President and Chief Operating
Officer.  He will succeed Eugene R. Corasanti who will continue to
serve as Chairman of the Board of Directors in the capacity of
non-executive Chairman.  Mr. Eugene Corasanti will relinquish his
executive functions at the Company on Dec. 31, 2006, remaining
employed by the Company as Vice Chairman.

Mr. Corasanti is the founder of Conmed Corporation and has led its
growth from a start-up in the 1970's to its present position as a
leader in the medical technology marketplace. Mr. Corasanti joined
the Company in 1993 as General Counsel and Vice President of Legal
Affairs. He was elected to the Board of Directors in 1994.  In
1998, he assumed the role of Executive Vice-President and General
Manager.  In 1999, he was appointed to his present position of
President and Chief Operating Officer.  He will remain a Director
of the Company.

Mr. Corasanti will add the title of Chief Executive Officer
effective Jan. 1, 2007, in addition to his present title as
President.  He is also a member of the Board of Directors of II-
VI, Inc. (Nasdaq: IIVI), a manufacturer of optical and electro-
optical components and devices for infrared, e-ray, gamma-ray,
telecommunication and other applications, where he also serves as
a member of the audit committee.  He holds a B.A. degree in
Political Science from Hobart College and a J.D degree from
Whittier College School of Law.  He is admitted to the state bar
of both New York and California. Prior to joining CONMED Corp., he
worked as a trial attorney in the Los Angeles office of Morgan
Wenzel and McNichols, a practice concentrating on business and
civil litigation.

Headquartered in Utica, New York, Conmed Corp. (Nasdaq: CNMD) --
http://www.conmed.com/-- is a medical technology company with an  
emphasis on surgical devices and equipment for minimally invasive
procedures and monitoring.  The Company's products serve the
clinical areas of arthroscopy, powered surgical instruments,
electrosurgery, cardiac monitoring disposables, endosurgery and
endoscopic technologies. They are used by surgeons and physicians
in a variety of specialties including orthopedics, general
surgery, gynecology, neurosurgery, and gastroenterology.  The
Company's 3,100 employees distribute its products worldwide from
several manufacturing locations.

                           *     *     *

As reported in the Troubled Company Reporter on Oct. 12, 2006,
Moody's Investors Service confirmed its Ba3 Corporate Family
Rating for ConMed Corporation in connection with its
implementation of its new Probability-of-Default and Loss-Given-
Default rating methodology.


CONSECO INC: Earns $48.4 Mil. of Net Income in 2006 Third Quarter
-----------------------------------------------------------------
Conseco Inc. reported a $48.4 million net income on $1.12 billion
of revenues for the third quarter ended Sept. 30, 2006, compared
with a $77.9 million net income on $1.11 billion of revenues for
the same period in 2005.

At Sept. 30, 2006, the company's balance sheet showed
$32.31 billion in total assets, $27.59 billion in total
liabilities, and $646.9 million in total stockholders' equity.

Revenues increased by $4.8 million in the third quarter of 2006,
compared to the same period in 2005, mainly due to the increase in
Bankers Life revenues of $48.2 million, offset by decreases in
Conseco Insurance Group revenues of $23.2 million, in Other
Business in Run-off revenues of $19 million, and Corporate
revenues of 1.2 million.

Total expenses increased by $49.5 million mainly due to increases
in Bankers Life expenses of $39.3 million, Other Business in Run-
off expenses of $20.9 million and Corporate expenses of
$2.6 million, offset by decreases in Conseco Insurance Group
expenses of $13.3 million.

Income tax expense decreased by $15.2 million.

The above factors accounted for the $29.5 million decrease in net
income for the quarter ended Sept. 30, 2006.

Full-text copies of the company's consolidated financial
statements for the quarter ended Sept. 30. 2006, are available for
free at:  http://researcharchives.com/t/s?15c2

Headquartered in Carmel, Indiana, Conseco, Inc. (NYSE:CNO) --
http://www.conseco.com/-- is a holding company for a group of  
insurance companies operating throughout the United States that
develop, market and administer supplemental health insurance,
annuity, individual life insurance and other insurance
products.

The company operates in two segments, Bankers Life and Conseco
Insurance Group, and a third segment comprised of businesses in
run-off, which includes blocks of business that the company no
longer markets or underwrites and are managed separately from its
other businesses. The company also has a corporate segment  which
consists of holding company activities and certain noninsurance
company businesses that are not related to its operating segments.

                          *      *      *

As reported in the Troubled Company Reporter on Nov. 22, 2006,
Fitch Rating affirmed the BB+ Issuer Default rating, the BBB-
Senior secured debt, and BB- Preferred stock rating of Conseco
Inc.  At the same time, Fitch affirmed the issuer financial
strength rating of Conseco's primary insurance operating
subsidiaries.


COPANO ENERGY: Commences Public Offer of 2.5 Million Common Units  
-----------------------------------------------------------------
Copano Energy, LLC has commenced an underwritten public offering
of 2,500,000 common units pursuant to an effective shelf
registration statement on Form S-3 (File No. 333-138341).  In
connection with the offering, Copano Energy has granted the
underwriters the option to purchase up to 375,000 additional
common units.

Copano Energy intends to use the net proceeds from the offering to
repay in full its $100 million unsecured term loan and for general
company purposes, including reducing amounts outstanding under its
senior secured revolving credit facility, entering into new hedge
arrangements as market conditions warrant or funding capital
expenditures.

UBS Investment Bank and Morgan Stanley & Co., Incorporated are
joint book-running managers for the offering.  The co-managing
underwriters participating in the offering are RBC Capital Markets
Corporation, Lehman Brothers Inc., Citigroup Global Markets Inc.,
Wachovia Capital Markets, LLC, Banc of America Securities LLC,
Deutsche Bank Securities Inc., J.P. Morgan Securities Inc.,
KeyBanc Capital Markets, a Division of McDonald Investments Inc.,
and Sanders Morris Harris Inc.

A copy of a preliminary prospectus supplement and related base
prospectus, meeting the requirements of Section 10 of the
Securities Act of 1933, as amended, can be obtained from:

     UBS Securities LLC
     Prospectus Department
     299 Park Avenue
     New York, NY 10171
     Telephone: 212-821-3000

              and

     Morgan Stanley
     Prospectus Department
     1585 Broadway
     New York, NY 10036.

Headquartered in Houston, Texas, Copano Energy, L.L.C. --
http://www.copanoenergy.com/-- is a midstream natural gas company   
with natural gas gathering, intrastate pipeline and natural gas
processing assets in the Texas Gulf Coast region and in Central
and Eastern Oklahoma.

                          *     *     *

As reported in the Troubled Company Reporter on Oct. 17, 2006,
Moody's Investors Service affirmed its B1 corporate family rating
on Copano Energy, LLC.  At the same time, the rating agency held
its B2 probability-of-default rating on the Company's 8.125%
Senior Unsecured Global Notes due 2016, and attached an LGD5
rating on these notes, suggesting noteholders will experience a
72% loss in the event of a default.


CYBERCARE INC: Has Until Nov. 30 To File Amended Chapter 11 Plan
----------------------------------------------------------------
The Honorable Michael G. Williamson of the U.S. Bankruptcy Court
for the Middle District of Florida gave Cybercare Inc. and its
debtor-affiliate Cybercare Technologies Inc. until Nov. 30, 2006,
to file an amended disclosure statement and amended plan of
reorganization.

Judge Williamson has set 9:30 a.m., on Jan. 3, 2007, to consider
the adequacy of the Debtors' disclosure statement.  Judge
Williamson also set 9:30 a.m., on Feb. 7, 2007, to consider
confirmation of the Debtors' plan.

The Debtors say that since the Court entered an Amended Order
Conditionally Approving Disclosure Statement, Fixing Time to File
Objections to the Disclosure Statement, Fixing Time to File
Applications for Administrative Expenses, Fixing the Record Date
for Holders of Equity Interests Setting Hearing on Confirmation of
the Plan, and Setting Deadlines With Respect to Confirmation
Hearing on July 21, 2006, they have filed motions seeking
continuances of the dates set forth in the Order.

The Court entered orders continuing the dates in the order,
including its Order Continuing Hearing to Consider Approval of the
Disclosure Statement and Confirmation of the Plan, Fixing New
Deadlines.  The Second Order, the Debtors relate, provided that
they would be required to file any supplements to the disclosure
statements, modifications to plan, an amended disclosure statement
or amended plan of reorganization on or before Oct. 6, 2006.  The
Second Order also scheduled a hearing on Oct. 29, 2006 to consider
the adequacy of the amended disclosure statement.

The Debtors disclose that it is currently working on a term sheet
to resolve disputes with the Tang Entities, their largest
creditors and Cast-Crete Corporation.  The Debtors tell the Court
that the bulk of the settlement relates to agreements between the
Tang Entities and Cast-Crete and those parties need additional
time to resolve some remaining issues.

The Debtors contend that they are not in a position to file an
amended disclosure statement until the Tang Entities and Cast-
Crete finalize such issues.  The extension would provide them with
additional time to disclose the terms of the settlement with the
Tang Entities in any amended disclosure statement and any amended
plan of reorganization as well as making other changes.

Headquartered in Tampa, Florida, CyberCare, Inc., fka Medical
Industries of America, Inc. (PINKSHEETS: CYBR) is a holding
company that owns service businesses, including a physical therapy
and rehabilitation business, a pharmacy business, and a healthcare
technology solutions business.  The Company and its debtor-
affiliate, CyberCare Technologies, Inc., filed for chapter 11
protection on Oct. 14, 2005 (Bankr. M.D. Fla. Case No. 05-27268).
Scott A. Stichter, Esq., at Stichter, Riedel, Blain & Prosser
represents the Debtors in their restructuring efforts.  No
Official Committee of Unsecured Creditors has been appointed in
the Debtors' case.  When the Debtors filed for protection from
their creditors, they listed $5,058,955 in assets and $26,987,138
in debts.


DELTA AIR: DP3 Gets Support for $719-Million Additional Claim    
-------------------------------------------------------------
Delta Air Lines disclosed that working with DP3, Inc., the group
representing a majority of Delta's retired pilots before the U.S.
Bankruptcy Court for the Southern District of New York, it has
secured the support of the Official Committee of Unsecured
Creditors to allow an additional estimated $719 million in
unsecured, pre-petition claims for non-qualified pension benefits
for its retired pilots.  Together with claims already approved in
a prior settlement with DP3, retired Delta pilots and their
beneficiaries now will have a total of approximately $800 million
in allowed claims.

"We are extremely pleased that our work with these groups to
secure claims to improve pension benefit recoveries for our
retired pilots was successful.  As a result of this effort, our
retired pilots will recover through the claim process a
significant portion of their unpaid non-qualified benefits," said
Edward H. Bastian, Delta's chief financial officer.

The agreement, subject to bankruptcy court approval, allows these
general unsecured claims in the Delta bankruptcy cases and
calculates the present value using factors that are favorable to
retired pilots taking all considerations into account.

These "post-termination claims" arise from the period on and after
the expected Sept. 2, 2006 termination date of the non-qualified
pilot pension plans.  Once the individual calculations are
completed, they are expected to add up to approximately $719
million. Earlier this year, these parties reached agreement on
"pre-termination claims" totaling approximately $80 million for
the period between Delta's chapter 11 filing in September of 2005
up to Sept. 2, 2006.

Together, retired pilots are expected to be awarded allowed claims
on account of unpaid nonqualified pension benefits of
approximately $800 million, $9 million of which will be
administrative in nature, with the balance being general,
unsecured, pre-petition claims.

"This agreement represents another important milestone in what we
believe is shaping up to be a very successful transformation of
Delta, and we remain focused on proceeding with our plan to emerge
from bankruptcy in the first half of 2007 as an independent,
stand-alone company," Mr. Bastian said.

Headquartered in Atlanta, Georgia, Delta Air Lines
-- http://www.delta.com/-- is the world's second-largest airline   
in terms of passengers carried and the leading U.S. carrier across
the Atlantic, offering daily flights to 502 destinations in 88
countries on Delta, Song, Delta Shuttle, the Delta Connection
carriers and its worldwide partners.  The Company and 18
affiliates filed for chapter 11 protection on Sept. 14, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-17923).  Marshall S. Huebner,
Esq., at Davis Polk & Wardwell, represents the Debtors in their
restructuring efforts.  Timothy R. Coleman at The Blackstone Group
L.P. provides the Debtors with financial advice.  Daniel H.
Golden, Esq., and Lisa G. Beckerman, Esq., at Akin Gump Strauss
Hauer & Feld LLP, provide the Official Committee of Unsecured
Creditors with legal advice.  John McKenna, Jr., at Houlihan Lokey
Howard & Zukin Capital and James S. Feltman at Mesirow Financial
Consulting, LLC, serve as the Committee's financial advisors.  As
of June 30, 2005, the Company's balance sheet showed $21.5 billion
in assets and $28.5 billion in liabilities.


DURA AUTOMOTIVE: Court Approves First Day Motions
-------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware approved
all of the "first day motions" that DURA Automotive Systems Inc.
submitted as part of its Chapter 11 filing.

In addition, DURA filed an amended affidavit to reflect its
company-wide cash position of $75.8 million as of Oct. 13, 2006.  
The original affidavit only stated liquidity for the company's
U.S. and Canada subsidiaries, which were included in the Chapter
11 filing, and did not include available cash from DURA's European
and other operations outside the U.S. and Canada, which were not
included in the filing.

DURA received approval to access $50 million of the approximately
$300 million in debtor-in-possession financing from Goldman Sachs,
GE Capital and Barclays.  DURA will use the DIP financing to fund
normal business operations and continue its operational
restructuring program initiated in February 2006.

Among the other first day motions granted, DURA received approval
to:

   * Continue to pay employee salaries, wages and benefits;

   * Pay certain critical pre-petition vendor claims after the
     filing and continue to pay its post-petition obligations
     in the ordinary course of business;

   * Provide "adequate assurance" to utilities;

   * Pay "trust fund" and similar taxes; and

   * Continue using the pre-petition cash management system.

Rochester Hills, Mich.-based DURA Automotive Systems, Inc.
(Nasdaq: DRRA) -- http://www.DURAauto.com/-- is an independent  
designer and manufacturer of driver control systems, seating
control systems, glass systems, engineered assemblies, structural
door modules and exterior trim systems for the global automotive
industry.  The company is also a supplier of similar products to
the recreation vehicle and specialty vehicle industries.  DURA
sells its automotive products to North American, Japanese and
European original equipment manufacturers and other automotive
suppliers.

The Debtors filed for chapter 11 petition on October 30, 2006
(Bankr. District of Delaware Case No. 06-11202).  Richard M.
Cieri, Esq., Marc Kieselstein, Esq., Roger James Higgins, Esq.,
and Ryan Blaine Bennett, Esq., of Kirkland & Ellis LLP are lead
counsel for the Debtors' bankruptcy proceedings.  Mark D. Collins,
Esq., Daniel J. DeFranseschi, Esq., and Jason M. Madron, Esq., of
Richards Layton & Finger, P.A. Attorneys are the Debtors'
co-counsel.  Baker & McKenzie acts as the Debtors' special
counsel.  Togut, Segal & Segal LLP is the Debtors' conflicts
counsel.  Miller Buckfire & Co., LLC is the Debtors' investment
banker.  Glass & Associates Inc., gives financial advice to the
Debtor.  Kurtzman Carson Consultants LLC handles the notice,
claims and balloting for the Debtors and Brunswick Group LLC acts
as their Corporate Communications Consultants for the Debtors.  As
of July 2, 2006, the Debtor had $1,993,178,000 in total assets and
$1,730,758,000 in total liabilities.  (Dura Automotive Bankruptcy
News, Issue No. 2; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


DURA AUTOMOTIVE: Hires Baker & McKenzie as General Counsel
----------------------------------------------------------
DURA Automotive Systems Inc. and its debtor-affiliates obtained
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ Baker & McKenzie as their general corporate
counsel for European operations, nunc pro tunc to Oct. 30, 2006.

The Debtors relate that Baker & McKenzie has acted as general
corporate counsel for European operations and has generally
represented them in several major undertakings in Europe since
2003.  Specifically, the firm assisted in:

    (a) consolidating the Debtors' operations in Western Europe
        and expanding into lower cost locations in Eastern Europe;

    (b) implementing necessary corporate controls over the
        Debtors' European assets and operations so that any
        disposition of those assets are controlled from their
        domestic offices; and

    (c) selling three plants located in Germany.

The Debtors inform the Court that the primary goal of Baker &
McKenzie's services was to restructure their European operations
in preparation for the company's overall restructuring.

In addition, the Debtors note, Baker & McKenzie has also assisted
them with miscellaneous, non-bankruptcy-related domestic matters,
including but not limited to:

    (1) domestic corporate work related to European restructuring;

    (2) defense of miscellaneous civil suits;

    (3) domestic labor and equipment matters like U.S.
        terminations and "whistle-blower" actions;

    (4) intellectual property issues; and

    (5) tax issues.

Accordingly, the Debtors believe Baker & McKenzie is intimately
familiar with the complex legal issues in connection with the
foreign and international aspects of their corporate structure,
debt structure, strategic and transactional goals, and ongoing
business operations, as well as certain domestic issues.

The Debtors want Baker & McKenzie to continue its representation
in connection with their European operations and to advise them
and their board of directors with respect to European operations
issues.

Keith Marchiando, Dura Automotive Systems, Inc.'s chief financial
officer, tells the Court that Baker & McKenzie will be involved in
the bankruptcy and reorganization issues as they relate to foreign
and international aspects of the Debtors' operations.  The firm
will not serve as the Debtors' primary bankruptcy and
reorganization counsel.

Mr. Marchiando asserts that Baker & McKenzie's services will
complement, rather than duplicate, the services to be performed by
the Debtors' co-counsel -- Kirkland & Ellis LLP and Richards,
Layton & Finger, P.A.

In accordance with Section 330(a) of the Bankruptcy Code, Baker &
McKenzie will be paid on an hourly basis, plus reimbursement of
actual, necessary expenses incurred by the firm.

Baker & McKenzie's rates are:

     Professionals                              Hourly Rate
     -------------                              -----------
     Partners                                   $220 to $1,048
     Associates                                 $130 to $790
     Para-professional                           $77 to $362
     Others (interpreters, law clerks, etc.)     $58 to $280

Brian S. Arbetter, Esq., a partner at Baker & McKenzie, relates
that his firm has received compensation from the Debtors for its
prepetition services, including compensation paid during the 90
days preceding the Petition Date.  The firm also received an
advance payment of $300,000 on Oct. 12, 2006.

The Debtors and Baker & McKenzie maintain that the payments made
within the 90 days before the Petition Date are not recoverable
preferences for various reasons, and that the receipt of those
payments does not constitute an interest adverse to the Debtors.

Mr. Arbetter attests that his firm does not represent or hold any
interest adverse to the Debtors or their estates with respect to
the matters for which it is to be employed.  The firm also does
not have any connection with any creditor or other parties-in-
interest, their attorneys or accountants, or the United States
Trustee, Mr. Arbetter adds.

Rochester Hills, Mich.-based DURA Automotive Systems, Inc.
(Nasdaq: DRRA) -- http://www.DURAauto.com/-- is an independent
designer and manufacturer of driver control systems, seating
control systems, glass systems, engineered assemblies, structural
door modules and exterior trim systems for the global automotive
industry.  The company is also a supplier of similar products to
the recreation vehicle and specialty vehicle industries.  DURA
sells its automotive products to North American, Japanese and
European original equipment manufacturers and other automotive
suppliers.

The Debtors filed for chapter 11 petition on October 30, 2006
(Bankr. District of Delaware Case No. 06-11202).  Richard M.
Cieri, Esq., Marc Kieselstein, Esq., Roger James Higgins, Esq.,
and Ryan Blaine Bennett, Esq., of Kirkland & Ellis LLP are lead
counsel for the Debtors' bankruptcy proceedings.  Mark D. Collins,
Esq., Daniel J. DeFranseschi, Esq., and Jason M. Madron, Esq., of
Richards Layton & Finger, P.A. Attorneys are the Debtors'
co-counsel.  Baker & McKenzie acts as the Debtors' special
counsel.  Togut, Segal & Segal LLP is the Debtors' conflicts
counsel.  Miller Buckfire & Co., LLC is the Debtors' investment
banker.  Glass & Associates Inc., gives financial advice to the
Debtor.  Kurtzman Carson Consultants LLC handles the notice,
claims and balloting for the Debtors and Brunswick Group LLC acts
as their Corporate Communications Consultants for the Debtors.  As
of July 2, 2006, the Debtor had $1,993,178,000 in total assets and
$1,730,758,000 in total liabilities.  (Dura Automotive Bankruptcy
News, Issue No. 5; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


DYNEA INTERNATIONAL: Sells U.S. Operations to Teacher's Private
----------------------------------------------------------------
Dynea International Oy sold its North American operations to
Teacher's Private Capital on Nov. 21.

The divestment of operations in North America allows Dynea to
focus on growing markets in Eastern Europe and Asia Pacific and to
further strengthen its market position in these areas.

"The divestment of Dynea's North American operations is a logical
step in our strategy to take a leading position in the markets
where we operate.  The transaction also gives us the opportunity
to create added value by investing in new technology to support
our customers," Roger Carlstedt, Dynea's president and CEO
disclosed.

Dynea's operations in North America include 13 production units
with approximately 700 employees in Canada, the United States and
Mexico, and annual sales of more than EUR450 million.

"This transaction will also give us resources for expansion in our
key growth areas.  With operations in 23 countries, Dynea will
continue to help its customers grow by providing value through our
leading resins and overlays technology world-wide," Filip
Frankenhaeuser, Dynea's executive vice president and CFO added.

                 About Teachers' Private Capital

Headquartered in Ontario, Canada, Teachers' Private Capital --
http://www.otpp.com/-- is a private investment arm of the CDN96  
billion Ontario Teachers' Pension Plan, an independent corporation
responsible for investing the fund and administering the pensions
of Ontario's 264,000 active and retired teachers.

With more than CDN11 billion in assets, Teachers' Private Capital
is one of Canada's largest private investors, providing equity and
mezzanine debt capital for large and mid-cap companies, venture
capital for developing industries, and financing for a growing
portfolio of infrastructure and timberland assets worldwide.

                   About Dynea International

Headquartered in Helsinki, Finland, Dynea International Oy --
http://www.dynea.com/-- provides adhesion and surfacing  
solutions.  In 2005, Dynea had revenues of EUR1.2 billion.  After
the transaction Dynea has 39 production units and some 2,200
employees in 23 countries in Europe, Asia Pacific and South
America.


DYNEA INT'L: Unit Sale Cues S&P's Developing Watch on B Rating
--------------------------------------------------------------
Standard & Poor's Ratings Services placed its 'B' long-term
corporate rating on Finnish specialty chemicals company Dynea
International Oy on CreditWatch with developing implications,
following Dynea's announcement of the sale of its U.S. unit.

The CreditWatch developing status means that the rating could be
raised, lowered, or affirmed.  

"The outcome will depend on the amount of the sale proceeds, their
use, and the business profile of the remaining assets," said
Standard & Poor's credit analyst Lucas Sevenin.  The company had
debt of nearly EUR480 million at end-September 2006.

The rating could be favorably affected if:

   -- the proceeds are sufficient and used to redeem all or a
      great part of financial debt;

   -- the group obtains sufficient new financing for its
      remaining operations; and

   -- the group's leverage policy is in line with the
      new business profile.

On the other hand, the rating could be negatively affected if the
business profile of the remaining operations is far weaker than at
present and leverage does not decrease sufficiently to compensate,
and/or if S&P expects the leverage to increase to fund potential
future acquisitions.  Furthermore, the rating agency expects to
evaluate the company's new business strategy and future financial
policy.

The rating could, alternatively, be affirmed, depending on the
final mix of debt reduction and business risk profile.

"From a business standpoint, we view the sale of this main EBITDA
contributor as negative," said Mr. Sevenin.  "We will resolve the
CreditWatch status once we obtain more clarity on the net amount
and uses of proceeds, future operational strategy, financial
policy, and the main shareholder's position."

The rating on Dynea primarily reflects its high leverage, exposure
to very competitive markets, and concentration in the cyclical
construction and furniture industries.  These factors are somewhat
offset by Dynea's strong market shares in the formaldehyde-based
resins industry, and its good geographic diversification.

With 2005 sales of EUR1.1 billion, Dynea is one of the world's
largest producers of formaldehyde-based resins, key in the
manufacture of wood products--such as plywood and particle board--
used in the building industry.


EASTGROUP PROPERTIES: Third Quarter Net Income Increases to $5.9MM
------------------------------------------------------------------
For the three months ended Sept. 30, 2006, EastGroup Properties
Inc. reported $5.9 million of net income on $34.4 million of net
revenues compared to $5.8 million of net income on $31.2 million
of net revenues for the same period in 2005.

At Sept. 30, 2006, the company's balance sheet showed
$880.2 million in total assets and $459.6 million in total
liabilities.

A full-text copy of the Company's quarterly report is available
for free at http://researcharchives.com/t/s?15cb

On Sept. 13, 2006, the Company closed on the sale of 1,437,500
shares of its common stock.  The net proceeds from the offering of
the shares were approximately $68.1 million after deducting the
underwriting discount and other offering expenses.  EastGroup used
the proceeds to repay borrowings under its credit facilities.

In August 2006, the Company closed on a $38 million, nonrecourse
first mortgage loan secured by properties containing 778,000
square feet.  The loan has a fixed interest rate of 5.68%, a ten-
year term and an amortization schedule of 20 years.  The proceeds
of the note were used to repay the maturing mortgages on these
properties of $15.4 million and to reduce floating rate bank
borrowings.

In October 2006, the Company closed on a $78 million, nonrecourse
first mortgage loan secured by properties containing  1,316,000
square feet.  The loan has a fixed interest rate of 5.97%, a ten-
year term and an amortization schedule of 20 years.  The proceeds
of the note were used to repay a maturing $20.5 million mortgage
and to reduce floating rate bank borrowings.

Headquartered in Jackson, Mississippi, EastGroup Properties Inc.
-- http://www.eastgroup.net/-- is a real estate investment trust  
engaged in the development, acquisition, and operation of
industrial properties in the United States.

                          *     *     *

EastGroup Properties Inc.'s preferred stock carries Fitch's BB+
rating with a positive outlook.  The rating was placed on
Aug. 25, 2003.


ECHOSTAR COMM: Earns $139.6 Million in Third Quarter of 2006
------------------------------------------------------------
Echostar Communications Corp. reported a $139.6 million net income
on $2.47 billion of revenues for the quarter ended Sept. 30, 2006,
compared with a $208.9 million net income on $2.13 billion of
revenues for the same period in 2005.

At Sept. 30, 2006, the company's balance sheet showed
$9.35 billion in total assets and $9.72 billion in total
liabilities, resulting in a $364.9 million stockholders' deficit.

Of total revenues of $2.47 billion, $2.37 billion was subscriber-
related revenue, $74.8 million was equipment sales, and
$22.7 million was other revenues.
                          
Subscriber-related revenue for the three months ended Sept. 30,
2006, increased by $363.4 million compared to the same period in
2005, due to subscriber growth and an increase in monthly average
revenue per subscriber.  This increase in average revenue was
primarily due to price increases in February 2006 on some of the
company's packages, smaller monthly programming discounts, higher
equipment rental fees, fees for digital video recorders, revenue
from increased availability of standard and high definition local
channels by satellite and fees earned from the company's DishHOME
Protection Plan.  This increase was partially offset by a decrease
in revenues from installation and other services related to the
company's original agreement with AT&T compared to the same period
in 2005.

During the three months ended Sept. 30, 2006, the company recorded
an additional $1.4 million Tivo litigation expense, increasing its
prior estimate to reflect the full amount of the July 31, 2006
Texas court judgment, which was not issued until August 17, 2006.
This litigation involved a patent infringement case filed by Tivo
against the company. The Texas court subsequently issued an
injunction prohibiting the company from offering digital video
recorder functionality. A Court of Appeals has stayed that
injunction during the pendency of the company's appeal.

The company's restricted and unrestricted cash, cash equivalents
and marketable investment securities at Sept. 30, 2006 totaled
approximately $3 billion, compared to approximately $1.25 billion
at Dec. 31, 2005.  The increase primarily resulted from the
issuance on Feb. 2, 2006 of $1.5 billion of 7-1/8% Senior Notes
due 2016, together with cash flow generated from operations,
partially offset by the redemption of the company's outstanding
9-1/8% Senior Notes due 2009 for approximately $442 million.

Full-text copies of the company's consolidated financial
statements for the quarter ended Sept. 30, 2006, are available for
free at: http://researcharchives.com/t/s?15cc

EchoStar Communications Corporation serves more than 12.46 million
satellite TV customers through its DISH NetworkTM, and provides
advanced digital television services.  DISH Network's services
include hundreds of video and audio channels, Interactive TV,
HDTV, sports and international programming, together with
professional installation and 24-hour customer service.

                        *     *     *

As reported in the Troubled Company Reporter on Oct. 2, 2006,
Moody's Investors Service affirmed all ratings including the Ba3
corporate family and SGL-1 liquidity rating for EchoStar
Communications Corporation and its subsidiary EchoStar DBS
Corporation following the company's announcement of a proposed
$500 million of EDBS notes.

At the same time, Standard & Poor's Ratings Services assigned a
'BB-' rating to Echostar DBS Corp.'s aggregate $500 million senior
notes with maturities of 2013 and 2016.


ENRON CORP: Reaches $250,000 Settlement Pact With Transamerica
--------------------------------------------------------------
Enron Corp. and its debtor-affiliates entered into a settlement
agreement with Transamerica Occidental Life Insurance Company over
the collection of an insurance premium payment for the insurance
policy of the late Enron CEO and founder Kenneth Lay, Stephen Taub
of CFO.com reports.

Transamerica will pay the Debtors $250,000 pursuant to the
settlement.

The settlement amount is a fraction of the $11,000,000 death
benefit coverage limit owed under the policy, according to The
Associated Press.

Before the Debtors filed for bankruptcy, Mr. Lay purchased a life
insurance policy from Transamerica, and in subsequent amendments
to the policy, Mr. Lay gave the Debtors the authority to collect
the insurance proceeds in the event of his death.

A federal jury on May 25, 2006, found Mr. Lay and his co-accused,
former Enron CEO Jeffrey Skilling guilty of conspiracy and
securities and wire fraud in the Enron fraud case.  Mr. Lay died
of a heart attack on July 5, 2006, while vacationing in Aspen,
Colorado.

                       About Enron Corp.

Headquartered in Houston, Texas, Enron Corporation filed for
chapter 11 protection on December 2, 2001 (Bankr. S.D.N.Y. Case
No. 01-16033) following controversy over accounting procedures,
which caused Enron's stock price and credit rating to drop
sharply.  Judge Gonzalez confirmed the Company's Modified Fifth
Amended Plan on July 15, 2004, and numerous appeals followed.  The
Debtors' confirmed chapter 11 Plan took effect on Nov. 17, 2004.  
Albert Togut, Esq., at Togut Segal & Segal LLP, Brian S. Rosen,
Esq., Martin Soslan, Esq., Melanie Gray, Esq., Michael P. Kessler,
Esq., Sylvia Ann Mayer, Esq., at Weil, Gotshal & Manges LLP,
Frederick W.H. Carter, Esq., Michael Schatzow, Esq., Robert L.
Wilkins, Esq., at Venable, Baetjer and Howard, LLP, and Mark C.
Ellenberg, Esq., at Cadwalader, Wickersham & Taft, LLP represent
the Debtor.  Jeffrey K. Milton, Esq., Luc A. Despins, Esq.,
Matthew Scott Barr, Esq., and Paul D. Malek, Esq., at Milbank,
Tweed, Hadley & McCloy LLP represents the Official Committee of
Unsecured Creditors.  (Enron Bankruptcy News, Issue No. 182;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


EXABYTE CORP: Chief Financial Officer and Six Directors Resign
--------------------------------------------------------------
Leonard W. Busse, John R. Garrett, A. Laurence Jones, Stephanie
Smeltzer McCoy, Thomas E. Pardun and G. Jackson Tankersley
resigned as directors of Exabyte Corporation, effective
Nov. 20, 2006.

The Company disclosed that at the time of their resignation,
Mssrs. Busse and Pardun were chairmen of its Audit and
Compensation Committees, respectively.  In addition, effective
Nov. 20, 2006, Carroll A. Wallace resigned as chief financial
officer.  The resignations relate to the sale of substantially all
of the assets of the Company to Tandberg Data Corp. on Nov. 20,
2006, and its filing of a statement of dissolution, which is
expected to occur shortly after the sale.

Exabyte Corporation -- http://www.exabyte.com/-- manufactures  
tape storage products.  The Company's products back up and restore
critical business information.

                        Going Concern Doubt

Ehrhardt Keefe Steiner & Hottman PC expressed substantial doubt
about Exabyte Corporation and its subsidiaries' ability to
continue as a going concern after auditing the Company's
consolidated financial statements for the years ended
Dec. 31, 2005, and 2004.  The auditing firm pointed to the
Company's recurring losses and accumulated deficit of
$123,869,000.


EXIDE TECH: Posts $35.1 Million Loss in Fiscal 2007 Second Quarter
------------------------------------------------------------------
Exide Technologies Inc. reported a $35.1 million net loss on
$680.3 million of net sales for the second quarter ended Sept. 30,
2006, compared with a $33 million net loss on $686.5 million of
sales for the same period in 2005.

At Sept. 30, 2006, the company's balance sheet showed $2.1 billion
in total assets, $1.8 billion in total liabilities, $13.3 million
in minority interest, and $292.5 million in total stockholders
equity.

Net sales for the second quarter of fiscal year 2007, excluding
foreign currency translation impact, decreased by $20.7 million
due to weaker Transportation demand outside North America in
aftermarket sales, weaker Industrial Energy demand outside North
America in the motive power market, and weaker Industrial Energy
demand in North America in the net power market.  

Gross profit was flat as a result of higher average selling prices
due to lead and other related pricing actions and by improved
efficiencies, offset by higher lead costs.

Full-text copies of the company's consolidated financial
statements for the 2nd quarter ended Sept. 30, 2006, are available
for free at:  http://researcharchives.com/t/s?1552

                          About Exide Tech

Headquartered in Princeton, New Jersey, Exide Technologies
(NASDAQ: XIDE) -- http://www.exide.com/-- manufactures and  
distributes lead acid batteries and other related electrical
energy storage products.  The Company filed for chapter 11
protection on Apr. 14, 2002 (Bankr. Del. Case No. 02-11125).
Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, represented the Debtors in their successful restructuring.
Exide's confirmed chapter 11 Plan took effect on May 5, 2004.  


FLINTKOTE COMPANY: Court Extends Exclusivity Period to Dec. 28
--------------------------------------------------------------
The Honorable Judith K. Fitzgerald of the U.S. Bankruptcy Court
for the District of Delaware extended until Dec. 28, 2006, the
period within which Flintkote Company and Flintkote Mines Ltd.
have the exclusive right to file a chapter 11 plan of
reorganization.  In addition, the Court also extended the Debtors'
time to solicit acceptances of that plan to Feb. 28, 2007.

As reported in the Troubled Company Reporter on Sept. 8, 2006, the
Debtors told the Court that there has been a development in
the litigation against Imperial Tobacco Company of Canada seeking
to recover, with interest, at least $525,200,000 transferred by
Flintkote to Imperial Tobacco.

In addition, the Debtors had made significant progress in the
insurance coverage action againts Aviva Insurance Company of
Canada Limited and Aviva PLC.  According to the Debtors, the
District Court recently denied Aviva's move to dismiss, on
ripeness and jurisdictional grounds, the Debtors' request in the
amended complaint for a declaration of coverage for future claims,
and extensive discovery is continuing.

The Debtors believe that the extension will give them, together
with the Asbestos Claimants Committee and Future Claimants
Representative, more time to finalize the terms of the joint plan
of reorganization and disclosure statement.

Headquartered in San Francisco, California, The Flintkote Company
is engaged in the business of manufacturing, processing and
distributing building materials.  The Company and its affiliate,
Flintkote Mines Limited, filed for chapter 11 protection on
April 30, 2004 (Bankr. D. Del. Case No. 04-11300).  James E.
O'Neill, Esq., Laura Davis Jones, Esq., and Sandra G. McLamb,
Esq., at Pachulski, Stang, Ziehl, Young, Jones & Weintraub P.C.,
represent the Debtors in their restructuring efforts.  The
Bankruptcy Court appointed James J. McMonagle as the Legal
Representative for Future Asbestos Personal Injury Claimants for
Flintkote and Mines on Aug. 26, 2004, and Sept. 9, 2004,
respectively.  When the Debtors filed for protection from their
creditors, they estimated assets and debts of more than
$100 million.


FLINTKOTE COMPANY: Court Extends Removal Period Until Dec. 28
-------------------------------------------------------------
The Honorable Judith K. Fitzgerald for the U.S. Bankruptcy Court
for the District of Delaware gave Flintkote Company and Flintkote
Mines Ltd. until Sept. 8, 2006, to remove prepetition actions.

As reported in the Troubled Company Reporter on Sept. 8, 2006, the
Debtors reminded the Court that they are defendants in 157,000
asbestos-related personal injury actions.  The Debtors and their
creditor constituencies have not yet completed their analysis in
this matter.

The Debtors explained that they have been working with Asbestos
Claimants Committee and Future Claimants Representative to design
and propose a joint plan of reorganization for the Debtors and
their estates.

The extension, the Debtors said, will preserve the estates'
existing rights while the Parties will finalize a consensual joint
chapter 11 plan, disclosure statement and related trust documents.

Headquartered in San Francisco, California, The Flintkote Company
is engaged in the business of manufacturing, processing and
distributing building materials.  The Company and its affiliate,
Flintkote Mines Limited, filed for chapter 11 protection on
April 30, 2004 (Bankr. D. Del. Case No. 04-11300).  James E.
O'Neill, Esq., Laura Davis Jones, Esq., and Sandra G. McLamb,
Esq., at Pachulski, Stang, Ziehl, Young, Jones & Weintraub P.C.,
represent the Debtors in their restructuring efforts.  The
Bankruptcy Court appointed James J. McMonagle as the Legal
Representative for Future Asbestos Personal Injury Claimants for
Flintkote and Mines on Aug. 26, 2004, and Sept. 9, 2004,
respectively.  When the Debtors filed for protection from their
creditors, they estimated assets and debts of more than
$100 million.


FLYI INC: Judge Walrath Approves Solicitation Procedures
--------------------------------------------------------
The Hon. Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware, in a final written order issued Nov. 21,
2006, approved the contents of FLYi Inc. and its six debtor-
affiliates' proposed solicitation packages to be distributed to
creditors and other parties-in-interest in connection with the
solicitation of votes on the Debtors' First Amended Joint Plan of
Liquidation.

Judge Walrath approved the solicitation and tabulation
procedures, including the "Convertible Notes Solicitation and
Tabulation Procedures" and the rules associated with aircraft
claims.

Judge Walrath directed the Debtors to mail Solicitation Packages
not later than Dec. 25, 2006.  Judge Walrath established Nov. 17,
2006, as the record date to determine which creditors are entitled
to receive Solicitation Packages.

To be counted as votes to accept or reject the Plan, all ballots
must be properly executed, completed, and delivered to Kurtzman
Carson Consultants LLC by mail or personal delivery no later than
5:00 p.m., Pacific Time, on Jan. 29, 2007.  Kurtzman will file its
official voting tabulation report with the Court on or before
Feb. 5, 2007.

The Court will conduct a Plan confirmation hearing starting
March 12, 2007, at 10:00 a.m. Wilmington Time, and continuing on
March 13, to the extent necessary.  Objections to the
confirmation of the Plan, if any, are due Feb. 12, 2007.

                       About FLYi, Inc.

Headquartered in Dulles, Virginia, FLYi, Inc., aka Atlantic Coast
Airlines Holdings, Inc. -- http://www.flyi.com/-- is the parent
of Independence Air Inc., a small airline based at Washington
Dulles International Airport.  The Debtor and its six affiliates
filed for chapter 11 protection on Nov. 7, 2005 (Bankr. D. Del.
Case Nos. 05-20011 through 05-20017).  Brendan Linehan Shannon,
Esq., M. Blake Cleary, Esq., and Matthew Barry Lunn, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in their
restructuring efforts.  Brett H. Miller, Esq., at Otterbourg,
Steindler, Houston & Rosen, P.C., represents the Official
Committee of Unsecured Creditors.  As of Sept. 30, 2005, the
Debtors listed assets totaling $378,500,000 and debts totaling
$455,400,000.  (FLYi Bankruptcy News, Issue No. 29; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


FOAMEX INTERNATIONAL: Gets OK to Enter Into Toyota Forklifts Lease
------------------------------------------------------------------
Foamex International Inc. and its debtor-affiliates obtained
permission from the U.S. Bankruptcy Court for the District of
Delaware to authorize Foamex L.P. to enter into a lease with
Toyota Motor Credit Corporation for two electric forklift trucks.

The lease agreement provides, among others, that:

   (a) Foamex agrees to perform, at its own cost and expense, all
       maintenance, service and repair to the forklift trucks,
       including:

        * daily maintenance;

        * preventive maintenance service;

        * repairing, overhauling or adjusting of the forklift
          trucks' parts;

        * replacing or repairing of tires; and

        * repairs required as determined by Toyota during its
          periodic inspection and report to Foamex;

   (b) Foamex assumes all risks and liabilities arising from its
       possession, use and operation of the forklift trucks for
       the duration of the Lease;

   (c) Foamex will provide and pay for an all-risk insurance
       insuring against physical loss or damage to the forklift
       trucks in an amount satisfactory to Toyota; and

   (d) In case of theft or destruction of any of the forklift
       truck, Foamex will reimburse Toyota immediately by paying
       Toyota an amount equal to the then unpaid balance of
       aggregate rental for that forklift truck plus the fair
       market value at the expiration of the Lease.

Headquartered in Linwood, Pa., Foamex International Inc. --
http://www.foamex.com/-- is the world's leading producer of       
comfort cushioning for bedding, furniture, carpet cushion and
automotive markets.  The Company also manufactures high-
performance polymers for diverse applications in the industrial,
aerospace, defense, electronics and computer industries.  The
Company and eight affiliates filed for chapter 11 protection on
Sept. 19, 2005 (Bankr. Del. Case Nos. 05-12685 through 05-12693).  
Attorneys at Paul, Weiss, Rifkind, Wharton & Garrison LLP,
represent the Debtors in their restructuring efforts.  Houlihan,
Lokey, Howard and Zukin and O'Melveny & Myers LLP are advising the
ad hoc committee of Senior Secured Noteholders.  Kenneth A. Rosen,
Esq., and Sharon L. Levine, Esq., at Lowenstein Sandler PC and
Donald J. Detweiler, Esq., at Saul Ewings, LP, represent the
Official Committee of Unsecured Creditors.  As of July 3,
2005, the Debtors reported $620,826,000 in total assets and
$744,757,000 in total debts.  (Foamex International Bankruptcy
News, Issue No. 33; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


FOAMEX INTERNATIONAL: Delaware Court Approves Disclosure Statement
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware approved
Foamex International Inc. and certain of its subsidiaries' plan
funding commitments and the Disclosure Statement describing the
Company's Second Amended Plan of Reorganization.  The Court also
authorized the Company to begin soliciting approvals to the Plan
from its creditors and shareholders that are entitled to vote on
the Plan and scheduled a hearing on Jan. 18, 2007, to consider
confirmation of the Plan.  The Company expects to emerge from
chapter 11 during the first quarter of 2007.

Raymond E. Mabus, Jr., Chairman and Chief Executive Officer of
Foamex International, stated,  "We are extremely pleased with the
Bankruptcy Court's decision to approve the Disclosure Statement.  
This is a significant milestone in Foamex's chapter 11 process and
one, which moves us closer to our ultimate goal of emerging from
chapter 11 as a stronger company, better positioned to compete in
the marketplace.  The announcement represents the concerted effort
of many people, including our employees, and we are pleased to
have their support throughout this process."

Headquartered in Linwood, Pa., Foamex International Inc.
(FMXIQ.PK) -- http://www.foamex.com/-- is the world's leading  
producer of comfort cushioning for bedding, furniture, carpet
cushion and automotive markets.  The Company also manufactures
high-performance polymers for diverse applications in the
industrial, aerospace, defense, electronics and computer
industries.  The Company and eight affiliates filed for chapter 11
protection on Sept. 19, 2005 (Bankr. Del. Case Nos. 05-12685
through 05-12693).  Attorneys at Paul, Weiss, Rifkind, Wharton &
Garrison LLP, represent the Debtors in their restructuring
efforts.  Houlihan, Lokey, Howard and Zukin and O'Melveny & Myers
LLP are advising the ad hoc committee of Senior Secured
Noteholders.  Kenneth A. Rosen, Esq., and Sharon L. Levine, Esq.,
at Lowenstein Sandler PC and Donald J. Detweiler, Esq., at Saul
Ewings, LP, represent the Official Committee of Unsecured
Creditors.  As of July 3, 2005, the Debtors reported $620,826,000
in total assets and $744,757,000 in total debts.


FORD HOLDINGS: Moody's Holds Corporate Family Rating at B3
----------------------------------------------------------
Moody's Investors Service affirmed Ford Motor Company's B3
corporate family rating, but lowered the company's senior
unsecured rating to Caa1, LGD4, 62 from B3, LGD3, 48 after Ford's
disclosure of a planned debt financing of up to $18 billion that
would include a $7 billion secured term loan, an $8 billion
secured revolving credit facility, and approximately $3 billion in
capital market transactions which may include unsecured notes
convertible into Ford common stock.

Ford's Caa2, LGD6 trust preferred rating remains unchanged, but
the LGD rate changes to 93% from 92%.  

The downgrades of the unsecured ratings reflect the reduction in
asset protection afforded to this class of creditors, as modeled
in Moody's Loss Given Default Methodology, based on Ford's plan to
provide secured lenders with liens on the majority of its assets.

The affirmation of the B3 corporate family rating recognizes that
this funding initiative will support Ford's fundamental credit
profile by enhancing its liquidity.

The outlook remains negative.

Upon the completion of the transactions Moody's expects that the
secured obligations would be rated Ba3 based on its Loss Given
Default Methodology, and that the company's speculative grade
liquidity rating of SGL-3 would improve.

"Completing this financing would considerably strengthen Ford's
ability to fund the large cash requirements it will face through
2008. However, the relatively robust security package being
afforded to the term loan and the revolving credit facility hurts
the position of unsecured creditors," Moody's senior vice
president Bruce Clark said.

During the next two years Ford will face potentially large cash
requirements that will result from:

      -- operating losses in North America as the market
         continues to shift away from trucks and SUVs;

      -- expenditures under the Way Forward restructuring
         program;

      -- cash outflows associated with achieving a new UAW
         contract in 2007; and,

      -- the possibility of a slowdown in US auto industry sales.

The company's current liquidity position, consisting of
$23.6 billion in cash and short-term Voluntary Employee Benefit
Association balances, and a $6 billion credit facility, might have
been taxed by these cash requirements, particularly in light of
Ford's need to maintain sizable cash balances in order to run its
operations.

The proposed transactions would increase Ford's cash position to
over $30 billion and add about $1 billion to its committed credit
lines.

"It was important for Ford to structure this type of financing
plan in order to ensure that it had adequate liquidity as it
enters a highly challenging period. The company still faces
daunting competitive and market challenges, but this plan would
give it some breathing room over the next two years," Clark added.

Ford's ability to maintain a sound liquidity cushion during the
next two years as it implements its restructuring program and
funds the anticipated cash requirements will be an important
factor in supporting the B3 corporate family rating.

This rating anticipates that through 2007, Ford's cash and short-
term VEBA position will remain above $20 billion.

Should Ford's rate of cash consumption during 2007 make it
unlikely that this level of liquidity can be maintained, the B3
rating could be placed on review for possible downgrade.

Ford Motor Company, headquartered in Dearborn, Michigan, is the
world's third largest automobile manufacturer.


FORD MOTOR: Borrowing $18-Bil. for Restructuring, Added Liquidity  
-----------------------------------------------------------------
Ford Motor Company plans to obtain financing totaling
approximately $18 billion in order to address near- and
medium-term negative operating-related cash flow, to fund
its restructuring, and to provide added liquidity to protect
against a recession or other unanticipated events.

The financing transactions consist of:

   * new five-year senior secured revolving credit facility of
     approximately $8 billion that is intended to replace Ford's
     existing unsecured credit facilities of $6.3 billion;

   * senior secured term loan of approximately $7 billion; and

   * unsecured capital market transactions of approximately
     $3 billion, which may include unsecured notes convertible
     into Ford common stock.

The size of the individual components of the financing may vary
depending on market conditions.

Borrowings under the senior secured revolving and term loan credit
facilities will be secured on an equal basis by first-priority
liens on principal domestic manufacturing facilities (subject to
public debt indenture limitations) and substantially all of the
Company's other domestic automotive assets, certain intellectual
property, certain real property, all or a portion of the stock
of certain subsidiaries (including Ford Motor Credit Company and
Volvo), certain intercompany payables and notes, and up to
$4 billion of domestic cash without restriction on its use.

The arrangers for the senior secured credit facilities are
Citigroup Corporate and Investment Banking, Goldman Sachs Credit
Partners L.P., and J.P. Morgan Securities Inc.

Ford expects these transactions to close prior to Dec. 31, 2006.

Upon completion of the transactions, Ford expects to have
Automotive liquidity of approximately $38 billion at year end
2006, consisting of gross cash (i.e., cash, cash equivalents,
loaned and marketable securities and short-term Voluntary Employee
Beneficiary Association assets) and available credit facilities.

Headquartered in Dearborn, Michigan, Ford Motor Company (NYSE: F)
-- http://www.ford.com/-- manufactures and distributes  
automobiles in 200 markets across six continents.  With more than
324,000 employees worldwide, the company's core and affiliated
automotive brands include Aston Martin, Ford, Jaguar, Land Rover,
Lincoln, Mazda, Mercury and Volvo.  Its automotive-related
services include Ford Motor Credit Company and The Hertz
Corporation.


FRONTIER OIL:  Earns $120.9 Million in 2006 Third Quarter
---------------------------------------------------------
Frontier Oil Corp. reported a $120.9 million net income on
$1.38 billion of revenues for the three months ended Sept. 30,
2006, compared with a $109.2 million net income of $1.19 billion
of revenues for the same period in 2005.

At Sept. 30, 2006, the company's balance sheet showed
$1.44 billion in total assets, $752.2 million in total
liabilities, and $691.3 million in total stockholders' equity.

Refined product revenues increased $173.3 million, or 15%, from
$1.2 billion to $1.4 billion for the three months ended Sept. 30,
2006, compared to the same period in 2005.  This increase was due
to increased sales prices ($11.78 higher average per sales
barrel), largely the result of higher crude oil prices and
continued tight product availability, offset by less sales volumes
in 2006 (2,393 less bpd).

Other revenues increased nearly $22 million to $20.3 million for
the three months ended Sept. 30, 2006, compared to a loss of
$1.7 million for the same period in 2005, the source of which was
$20.2 million in net gains from derivative contracts in the three
months ended Sept. 30, 2006, compared to net derivative losses of
$1.7 million for the same period in 2005.

Net cash provided by operating activities was $283.4 million for
the nine months ended Sept. 30, 2006, compared to net cash
provided by operating activities of $239.7 million during the nine
months ended Sept. 30, 2005.  Improved results of operations
increased cash flow significantly but were offset by higher uses
of cash for working capital

During the nine months ended Sept. 30, 2006, the company used
$85.4 million to repurchase stock.  Payments totaling
$64.2 million in dividends during the nine months ended Sept. 30,
2006, were the company's second largest use of cash for financing
activities.

Cash and cash equivalents at the end of the nine month period
ended Sept. 30, 2006, was $396.5 million compared to
$286.6 million at the end of the nine month period ended Sept. 30,
2005.   
                
Full-text copies of the company's consolidated financial
statements for the third quarter ended Sept. 30, 2006, are
available for free at: http://researcharchives.com/t/s?15ce

Headquartered in Houston, Texas, Frontier Oil Corporation --
http://www.frontieroil.com/-- engages in crude oil refining and  
the wholesale marketing of refined petroleum products.

                          *      *      *

As reported in the Troubled Company Reporter on Sept. 28, 2006,
Moody's Investors Service affirmed its Ba3 Corporate Family Rating
for Frontier Oil Corp. in connection with the implementation of
its new Probability-of-Default and Loss-Given-Default rating
methodology for the oilfield service and refining and marketing
sectors.  Moody's also held its B1 Probability-of-Default rating
for Frontier Oil's 6.625% Senior Unsecured Guaranteed Global Notes
Due 2011.


GALVEX HOLDINGS: Meeting of Creditors Continued to December 4
-------------------------------------------------------------
Diana G. Adams, the United States Trustee for Region 2, will
continue the meeting of Galvex Holdings Limited's creditors at
9:30 a.m., on Dec. 4, 2006, at the Second Floor of the Office of
the United States Trustee, 80 Broad Street in New York.  This is
the first meeting of creditors after the Debtors' chapter 11 case
was converted to a chapter 7 proceeding.

All creditors are invited, but not required, to attend.  This
Meeting of Creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible officer of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

Headquartered in New York City, New York, Galvex Holdings
Limited -- http://www.galvex.com/-- and its affiliates operate     
the largest independent galvanizing line in Europe.  The Debtors
have offices in New York, Tallinn, Bermuda, Finland, Ukraine,
Germany and the United Kingdom.  The company and four of its
affiliates filed for chapter 11 protection on Jan. 17, 2006
(Bankr. S.D.N.Y. Lead Case No. 06-10082).  Galvex Capital, LLC,
is represented by David Neier, Esq., at Winston & Strawn LLP,
and Gerard DiConza, Esq., at DiConza Law, P.C.  Galvex Holdings
Ltd. and the other debtor-affiliates are represented by David
Neier, Esq., at Winston & Strawn LLP, and Lori R. Fife, Esq.,
Marcia L. Goldstein, Esq., and Shai Waisman, Esq., at Weil,
Gotshal & Manges, LLP.  John P. McNicholas, Esq., and Thomas R.
Califano, Esq., at DLA Piper Rudnick Gray Cary US LLP, represent
the Official Committee of Unsecured Creditors.  When the Debtors
filed for protection from their creditors, they estimated assets
and debts of more than $100 million.  On Aug. 30, 2006, Judge
Drain converted the chapter 11 case of Galvex Holdings to a
chapter 7 liquidation proceeding.  John S. Pereira is the Debtor's
Chapter 7 Trustee.


GE-RAY FABRICS: Lustar Wants Cushman to Sell Real Property
----------------------------------------------------------
Lustar Dyeing & Finishing Inc., Ge-Ray Fabrics Inc.'s debtor-
affiliate, asks the U.S. Bankruptcy Court for the Southern
District of New York for permission to employ Cushman & Wakefield
Inc. as its exclusive real estate broker.

Lustar wants Cushman & Wakefield to market and solicit offers for
the sale of its real property at 144 Caribou Road in Asheville,
North Carolina.

Lustar tells the Court that the property consists of an improved
parcel of real estate and consists of approximately 11.5 acres of
land on which a plant building is situated.  Lustar says that it
no longer needs the plant in its business operations.

Lustar discloses that the Property is subject to a first mortgage
held by Buncombe County Industrial development Agency which loaned
Lustar $2 million some years ago.  Upon information and belief,
Lustar says that Wachovia Bank claims to be the current holder of
the Mortgage and that the outstanding principal balance on the
Mortgage is approximately $1.875 million plus accrued interest.

Luster tells the Court that for this engagement, Cushman &
Wakefield's fee will be 6% of the sales price.

To the best of Lustar's knowledge, Cushman & Wakefield does not
represent an interest adverse to its estate.

New York City-based Ge-Ray Fabrics, Inc. -- http://www.geray.com/  
-- supplies circular knitted fabrics to the apparel industry.  The
fabrics include cottons and synthetics, with and without spandex,
and range from basic jersey to high fashion knits.  Lustar Dyeing
& Finishing, Inc., its subsidiary, is a dyeing & finishing
processing plant for textile fabrics.  The Debtors filed for
chapter 11 on April 4, 2005, (Bankr. S.D.N.Y. Case Nos. 05-12201 &
05-12207).  Avrom R. Vann, Esq., at Avrom R. Vann, P.C.,
represents the Debtors in their restructuring efforts.  David A.
Matthews, Esq., and David M. Groganm, Esq., at Shumaker, Loop &
Kendrick, LLP, represent the Official Committee of Unsecured
Creditors.  When they filed for bankruptcy, the Debtors reported
assets and debts totaling between $10 million to $50 million.


GRAFTECH INTERNATIONAL: Earns $9.8 Million in 2006 Third Quarter
----------------------------------------------------------------
Graftech International Ltd. reported a $9.8 million net income on  
$246.6 million of net sales for the quarter ended Sept. 30, 2006,
compared with a $15.6 million net income on $208.2 million of net
sales for the same period in 2005.

At Sept. 30, 2006, the company's balance sheet showed
$875.5 million in total assets, $1.06 billion in total liabilities
and $28.3 million in minority interests, resulting in a
$185.7 million stockholders' deficit.

Net sales of $246.6 million in the 2006 third quarter represented
a $38.4 million, or 18.4%, increase from net sales of
$208.2 million in the 2005 third quarter, primarily due to a
$44.1 million increase in net sales in the company's synthetic
graphite segment that was offset by a decrease of $5.7 million in
net sales in the company's carbon electrodes and natural graphite
products  segment.

Cost of sales of $175.7 million in the 2006 third quarter
represented a $25.7 million, or 17.1%, increase from cost of sales
of $150.0 million in the 2005 third quarter, primarily due to
higher sales volumes and increases in raw material and other
production costs.

Gross profit of $70.8 million in the 2006 third quarter
represented a $12.6 million, or 21.6%, increase from gross profit
of $58.2 million in the 2005 third quarter.

Cash and cash equivalents at the end of the nine-month period
ended Sept. 30, 2006 was $18.7 million compared to $5.8 million at
the end of the nine-month period ended Sept. 30, 2005.  

Full-text copies of the company's consolidated financial
statements for the quarter ended Sept. 30, 2006, are available for
free at: http://researcharchives.com/t/s?15d0  

GrafTech International Ltd. -- http://www.graftechaet.com/--   
manufactures and provides synthetic and natural graphite and
carbon based products and technical and research and development
services, with customers in 80 countries engaged in the
manufacture of steel, aluminum, silicon metal, automotive products
and electronics.  The Company manufactures graphite electrodes and
cathodes, products essential to the production of electric arc
furnace steel and aluminum.  It also manufactures thermal
management, fuel cell and other specialty graphite and carbon
products for, and provides services to, the electronics, power
generation, semiconductor, transportation, petrochemical and other
metals markets.  GrafTech operates 13 manufacturing facilities
located in four continents.  

                          *      *      *

As reported in the Troubled Company Reporter on Nov. 9, 2006,
Moody's Investors Service affirmed its B1 Corporate Family Rating
for Graftech International Ltd., in connection with the
implementation of its new Probability-of-Default and Loss-Given-
Default rating methodology for the U.S. Chemicals and Allied
Products sectors.  Moody's also upgraded its Probability-of-
Default rating on Graftech International's $215 million Guaranteed
Senior Secured Revolving Credit Facility due 2010 to Ba1 from Ba3.


GRANT PRIDECO: Earns $126.5 Million in 2006 Quarter Ended Sept. 30
------------------------------------------------------------------
Grant Prideco Inc. reported net income of $126.5 million for
the quarter ended Sept. 30, 2006, compared with net income of
$48.1 million for the same quarter in 2005.

Revenues for the quarter ended Sept. 30, 2006, increased 34% to
$471.3 million, from $352.2 million in last year's third quarter.  
The current quarter revenues include $20 million in license and
royalty fee from a drill bit license agreement with Smith
International, Inc.  Last year's third quarter includes
refinancing charges of $21.7 million related to the Company
repurchasing its 9% Senior Notes.

For the current quarter operating income was $160.4 million,
versus operating income of $84.8 million for the prior year
quarter.

For the nine-months period ended Sept. 30, 2006, net income was
$324.4 million from revenues of $1.3 billion, compared with net
income of $110.6 million from revenues of $961.2 million for the
comparable period in 2005.

Operating income for the nine-months ended Sept. 30, 2006, was
$404.8 million, versus $218.3 million for the same period in 2005.

Headquartered in Houston, Texas, Grant Prideco Inc. --
http://www.grantprideco.com/-- provides drill bits and related  
equipment.  The company also makes engineered tubular products for
oil field exploration and development, including drill pipe and
drill stem products, large-diameter casings, tubing and
connections, and risers.  Grant Prideco offers sales, technical
support, repair, and field services to customers worldwide.  The
company is a spin off of drilling equipment maker Weatherford
International in 2000.

                         *     *     *

As reported in the Troubled Company Reporter on Sept. 29, 2006,
Moody's Investors Service in connection with the implementation of
its new Probability-of-Default and Loss-Given-Default rating
methodology for the oilfield service and refining and marketing
sectors this week, confirmed its Ba1 Corporate Family Rating for
Grant Prideco Inc.  Additionally, Moody's affirmed its Ba1 rating
on the company's 6.125% Senior Unsecured Guaranteed Global Notes
Due 2015 and assigned the debentures an LGD4 rating suggesting
noteholders will experience a 55% in the event of a default.

As reported in the Troubled Company Reporter on Aug. 3, 2006,
Standard & Poor's Ratings Services raised its corporate credit
rating and senior unsecured credit ratings on Grant Prideco Inc.
to 'BB+' from 'BB'.  The rating outlook is stable.


GREY WOLF: Earns $55.2 Million in Quarter Ended September 30
------------------------------------------------------------
Grey Wolf Inc. reported $55.2 million of net income on
$242.7 million of net revenues for the three months ended
Sept. 30, 2006, in contrast to $31.7 million of net income on
$181.5 million of net revenues for the same period in 2005.

At Sept. 30, 2006, the company's balance sheet showed $1 billion
in total assets and $553.6 million in total liabilities.

A full-text copy of the Company's quarterly report is available
for free at http://researcharchives.com/t/s?15cd

                        Significant Changes

The changes in the Company's financial position from Dec. 31,
2005, to Sept. 30, 2006, are an increase in working capital of
$61.8 million, an increase in net property and equipment of
$68.3 million, an increase in net other noncurrent assets of
$9.0 million, an increase in other long-term liabilities of
$13.4 million, and an increase in shareholders' equity of
$125.6 million.

The increase in working capital is primarily the result of higher
balances in cash and cash equivalents and accounts receivable,
partially offset by an increase in accounts payable, other accrued
liabilities and current income taxes payable.  The increase in
cash and cash equivalents is due to more rigs working at higher
dayrates as well as the proceeds from the sale of five of our rigs
previously held for refurbishment during the first quarter of
2006.  Also contributing to the increase were insurance proceeds
received during the second quarter of 2006 in connection with the
loss of one of our rigs and top drives. The increase in cash and
cash equivalents is partially offset by repurchases we made of the
Company's common stock during the second and third quarters of
2006.  The increase in accounts receivable and accounts payable is
due to more rigs working and increased dayrates.  The increase in
other accrued liabilities is primarily the result of bonuses
accrued in connection with the employee retention programs
implemented in November 2005 and February 2006 to retain
experienced personnel, as well as to higher property and sales and
use tax accruals.  The increase in current income taxes payable is
due to higher net income during 2006.

The increase in net property and equipment is due to capital
expenditures during 2006, partially offset by the write-off of one
of the Company's rigs and top drives due to total loss in March
2006 and by 2006 depreciation.  Capital expenditures of
$132.1 million in 2006 include costs to reactivate five rigs that
were held for refurbishment, drill pipe purchases, and betterments
and improvements to our rigs.  The increase in net other
noncurrent assets is due primarily to deposits for the purchase of
six new rigs expected to be delivered between late 2006 and the
third quarter of 2007, partially offset by the sale of five of our
rigs in January 2006 which were classified as rigs held for sale
at Dec. 31, 2005.  The increase in other long-term liabilities is
primarily related to an increase in deferred income taxes in
connection with the net income for the period, as well as to long-
term bonuses accrued for the employee retention programs.  The
increase in shareholders' equity is primarily due to the net
income for the period partially offset by repurchases of common
stock.

Houston, TX-based Grey Wolf Inc. -- http://www.gwdrilling.com/--  
through its subsidiaries, provides onshore contract drilling
services to the oil and gas industry.  It conducts its operations
primarily in drilling markets of Ark-La-Tex, Gulf Coast,
Mississippi/Alabama, south Texas, Rocky Mountain, and the Mid-
Continent markets in the United States.

                            *    *    *

Moody's Investors Service, in connection with its implementation
of its new Probability-of-Default and Loss-Given-Default rating
methodology for the oilfield service and refining and marketing
sectors, confirmed its Ba3 Corporate Family Rating for Grey Wolf
Inc., and revised its rating on the company's 3.75% Senior
Unsecured Guaranteed Convertible Notes Due 2023 to B1 from Ba3.  
Moody's assigned those debentures an LGD4 rating suggesting
noteholders will experience a 61% loss in the event of a default.


GULF COAST: Chapter 7 Conversion Hearing Set for December 4
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas in
Dallas will convene a hearing at 9:00 a.m., on Dec. 4, 2006, to
consider the request of MTGLQ Investors L.P. for the conversion of
Gulf Coast Holdings Inc.'s Chapter 11 case into a liquidation
proceeding under Chapter 7.  

MTGLQ is a prepetition lender holding claims of approximately
$9,142,419 as of the Debtor's bankruptcy filing.

Todd C. Crosby, Esq., at Vinson & Elkins LLP, points to the
Debtor's lack of operations following the sale of substantially
all of its assets to Jered LLC in June.  Mr. Crosby says that the
Debtor is merely liquidating: a process that he says is properly
conducted under a Chapter 7 setting.

In addition, Mr. Crosby cited the Debtor and the Official
Committee of Unsecured Creditors' failure to reach a consensual
reorganization plan with his client, MTGLQ.  According to Mr.
Crosby, administrative costs of maintaining the Chapter 11 estate
continue to accrue without any reasonable likelihood of
rehabilitation.  He says the protracted Chapter 11 process is
eroding the collateral position of MTGLQ.

                          About Gulf Coast

Headquartered in Conroe, Texas, Gulf Coast Holdings, Inc., filed
for bankruptcy protection on April 28, 2006 (Bankr. N.D. Tex. Case
No. 06-31695).  Daniel I. Morenoff, Esq., and Jeffrey R. Fine,
Esq., at Hughes & Luce, LLP, represent the Debtor in its
restructuring efforts.  The Debtor has employed David Hull as its
chief restructuring officer.  J. Frasher Murphy, Esq., Jaime
Myers, Esq., and Phillip L. Lamberson, Esq., at Winstead, Sechrest
& Minick represent the Official Committee of Unsecured Creditors.  
In its schedules filed with the Court, the Debtor reported assets
amounting to $18,258,575 and debts totaling $19,553,664.


INVERNESS MEDICAL: Incurs $9.6 Million Net Loss in Third Quarter
----------------------------------------------------------------
For the three months ended Sept. 30, 2006, Inverness Medical
Innovations Inc. posted a $9.6 million net loss on $144.9 million
of net revenues compared to a $6.5 million net loss on
$106.2 million of net revenues for the same period in 2005.

At Sept. 30, 2006, the company's balance sheet showed $1 billion
in total assets and $373.8 million in total liabilities.

A full-text copy of the Company's quarterly report is available
for free at http://researcharchives.com/t/s?15cf

On July 17, 2006, the Company signed a non-binding letter of
intent with The Procter & Gamble Company to form a joint venture
to develop and market consumer diagnostic products.

On Nov. 17, 2006, discussions with P&G regarding Inverness
Medical's previously disclosed consumer diagnostics joint venture
remain on course and the Company continues to be hopeful that
definitive agreements can be signed during the fourth quarter.  

While the joint venture will be complex, the Company expects the
core of the arrangement to involve a 50/50 partnership to develop,
acquire and market consumer diagnostic and monitoring products,
other than for cardiology and diabetes.  

The Company will contribute its assets related to this business to
the joint venture in exchange for $325 million cash, however the
Company will retain all of its manufacturing assets and it will
supply the joint venture with its products.  P&G will retain an
option to put its interest in the venture back to us at market
value on the 4th anniversary of the closing.  The nature of any
relationship that the Company enters into with P&G remains subject
to negotiation and may ultimately differ significantly.

Based in Waltham, Massachusetts, Inverness Medical Innovations,
Inc. -- http://www.invernessmedical.com/-- makes diagnostic  
products including home pregnancy tests and fertility monitors.
The Company also manufactures consumer vitamins and nutritional
products.

                          *     *     *

As reported in the Troubled Company Reporter on Nov. 6, 2006,
Standard & Poor's Ratings Services placed its 'B' corporate credit
rating and 'CCC+' subordinated debt rating for Inverness Medical
Innovations Inc. on CreditWatch with positive implications.

As reported in the Troubled Company Reporter on Oct. 13, 2006,
Moody's Investors Service upgraded Inverness Medical Innovations,
Inc.'s corporate family rating to B2 from B3.  Additionally,
Moody's upgraded the company's Probability of Default rating to B2
from B3, the rating on its senior subordinated notes to Caa1 from
Caa2, and revised the rating outlook to stable from negative.


MACK MADDEN: Case Summary & Four Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Mack Martin Madden, Jr.
        Cynthia Ann Madden
        31805 Highway 79 South, Box 684
        Temecula, CA 92592

Bankruptcy Case No.: 06-03636

Chapter 11 Petition Date: November 21, 2006

Court: Southern District of California (San Diego)

Judge: Peter W. Bowie

Debtors' Counsel: Robert P. Goe, Esq.
                  Goe & Forsythe, LLP
                  660 Newport Center Drive, Suite 320
                  Newport Beach, CA 92660
                  Tel: (949) 467-3780
                  Fax: (949)721-0409

Total Assets: $3,219,500

Total Debts:  $1,954,047

Debtors' Four Largest Unsecured Creditors:

   Entity                     Nature of Claim       Claim Amount
   ------                     ---------------       ------------
Goe & Forsythe, LLP           Legal fees                 $54,261
660 Newport Center Drive
Suite 320
Newport Beach, CA 92660

Toyota Motor Credit Corp.     Automobile loan            $18,567
P.O. Box 15012
Chandler, AZ 85244-5012

Garnet M. Madden              Promissory note            $15,000
c/o Guerin Butterworth, Esq.
110 Pine Avenue #630
Long Beach, CA 90802

Jocers                        Judgment                    $5,558
c/o Castlebrook Barns
14600 Whittram Avenue
Fontana, CA 92335


MESABA AVIATION: Finalizes Labor Deals with Pilots & Mechanics
--------------------------------------------------------------
Mesaba Airlines confirmed yesterday that its pilots, represented
by the Airline Pilots Association, its flight attendants,
represented by the Association of Flight Attendants-CWA and its
mechanics, represented by the Aircraft Mechanics Fraternal
Association have agreed to new contracts with the carrier.

"Reaching this point has been difficult and complex; yet
throughout this process, Mesaba employees have exemplified the
true commitment and professionalism that makes Mesaba the
exceptional airline it is," said John Spanjers, Mesaba Airlines
president and COO.  "The pilots, flight attendants, and mechanics
along with every single Mesaba employee, are making a considerable
sacrifice to ensure the survival of this company and I am
confident we will see brighter days ahead.

"We look forward to working together with all of Mesaba's
employees to make certain Mesaba emerges from bankruptcy
positioned for growth and success."

The Bankruptcy Court has already approved a ratified contract for
Mesaba's dispatchers represented by the Transport Workers Union of
America.

The ratified union contracts and changes to wage and benefits for
all non-contract employees, including management, will start being
implemented Dec. 1, 2006.

The company's restructuring plan centers on securing its core
business of 49 Saabs with Northwest Airlines and achieving a cost
structure that positions Mesaba to be very competitive for new
opportunities.

Headquartered in Eagan, Minnesota, Mesaba Aviation, Inc., dba
Mesaba Airlines -- http://www.mesaba.com/-- operates as a  
Northwest Airlink affiliate under code-sharing agreements with
Northwest Airlines.  The Company filed for chapter 11 protection
on Oct. 13, 2005 (Bankr. D. Minn. Case No. 05-39258).  Michael L.
Meyer, Esq., at Ravich Meyer Kirkman McGrath & Nauman PA,
represents the Debtor in its restructuring efforts.  Craig D.
Hansen, Esq., at Squire Sanders & Dempsey, L.L.P., represents the
Official Committee of Unsecured Creditors.  When the Debtor filed
for protection from its creditors, it listed total assets of
$108,540,000 and total debts of $87,000,000.


METABOLIFE INT'L: Court Sets Jan. 22 as Admin. Claims Bar Date
--------------------------------------------------------------
The Honorable John J. Hargrove of the U.S. Bankruptcy Court for
the Southern District of California in San Diego set Jan. 22,
2007, as the deadline for all administrative creditors owed money
by Metabolife International Inc., now known as MII Liquidation
Inc., and Alpine Health Products LLC, now known as AHP Liquidation
LLC, on account of claims arising during the period from July 1,
2005, to Dec. 31, 2006, to file their proofs of claim.

The Administrative Claims Bar Date will not apply to:

   -- professionals employed by the Debtors, the Official
      Committee of Unsecured Creditors, the Official Committee of
      Indemnitee/Retailer Creditors, and the U.S. Trustee;

   -- administrative claims allowed by the Bankruptcy Court as of
      Dec. 31, 2006; and

   -- administrative claims arising after Dec. 31, 2006.

Creditors must file written proofs of claim on or before the
January 22 Administrative Claims Bar Date and those forms must be
delivered to:

      Clerk of the U.S. Bankruptcy Court
      Southern District of California
      325 West F Street
      San Diego, CA 92101

      with a copy to:

      Allen Matkins Leck Gamble Mallory & Natsis LLP
      Attention: Debra Riley, Esq.
      501 West Broadway, 15th Floor
      San Diego, CA 92101

Headquartered in San Diego, California, Metabolife International
Inc. -- http://www.metabolife.com/-- sells dietary supplements
and management products in grocery, drug and mass retail locations
nationwide.  The Company and its subsidiary, Alpine Health
Products, LLC, filed for chapter 11 protection on June 30, 2005
(Jointly Administrated Under Bankr. S.D. Calif. Case No.
05-06040).  David L. Osias, Esq., and Deb Riley, Esq., at Allen
Matkins Leck Gamble & Mallory LLP, represent the Debtors in their
chapter 11 cases.  No Official Committee of Unsecured Creditors
has been appointed in this case.  When the Debtors filed for
protection from their creditors, they listed $23,983,112 in total
assets and $12,214,304 in total debts.


MEYER'S BAKERIES: Chapter 7 Trustee Hires Austerlitz as Analyst
---------------------------------------------------------------
Richard L. Cox, the Chapter 7 Trustee appointed in Meyer's
Bakeries Inc.'s chapter 7 liquidation proceedings, obtained
authority from the U.S. Bankruptcy Court for the Western District
of Arkansas to employ Austerlitz Management L.L.C. as his analyst.

The Trustee tells the Court that he needs the services of
Austerlitz Management regarding multiple possible preference
action demand letters in the Debtor's case.

The Trustee discloses that Austerlitz Management will be paid a
flat fee of $3,700.

Headquartered in Hope, Arkansas, Meyer's Bakeries Inc. produces
English muffins, bagels, bread sticks, energy bars, and hearth
baked specialty breads and rolls.  The Company and its affiliates
filed for chapter 11 protection on Feb. 6, 2005 (Bankr. W.D. Ark.
Case No. 05-70837).  On March 23, 2006, the Debtors case was
converted into a chapter 7 proceeding (Bankr. W.D. Ark. Case No.
05-70837).  Charles T. Coleman, Esq., Judy Simmons Henry, Esq.,
and Kimberly Wood Tucker, Esq., at Wright, Lindsey & Jennings LLP
represent the Debtors.  Richard L. Cox is trustee overseeing the
Debtors' liquidation.  The Trustee is represented by his firm
RICHARD COX, P.A. in Hot Springs, AR.  No Official Committee of
Unsecured Creditors has been appointed in this case.  When the
Company filed for protection from its creditors, it listed total
assets of $44,226,139 and total debts of $48,699,754.


MILLENIUM BIOLOGIX: Closes $1.475 Mil. Investment in Subsidiary
---------------------------------------------------------------
Millenium Biologix Corporation completed a corporate
reorganization and closed the non-dilutive investment in
its wholly owned subsidiary, Millenium Biologix Inc., for
$1.475 million.

The investment in MBI was completed after a corporate
reorganization that transferred all of MBI's intellectual
property, operational assets and liabilities to Millenium
Biologix Technologies Inc., a newly created, wholly owned
subsidiary of the Company.

In order to effect the corporate reorganization necessary to
complete the financing transaction, MBI had filed a Notice of
Intent to make a proposal to its creditors under the Bankruptcy
and Insolvency Act (Canada) on Oct. 6, 2006.  The Proposal was
made on Oct. 18, 2006 and approved by the creditors on Oct. 30,
2006.  The completion of the reorganization and investment in MBI
satisfy all of the conditions of the Proposal.

"The completion of this transaction is a critical component in
Millenium's restructuring efforts," noted Brian Fielding,
Millenium's CEO.  "The funds from this transaction will provide
the Company with additional time to move forward with its
partnering and M&A activities in an effort to maximize the value
of Millenium's technologies.

"Despite challenging financial circumstances, the Board and
management team of Millenium are pleased and appreciative that the
Company has been able to maintain core staff in all key program
areas.  We recognize that the value of Millenium's programs are
dependent upon the continued contributions of our talented team."

                        Financial Results

The Company reported consolidated revenue for the period of
$719,983 and a net loss of $10,048,936.

Revenues for the three and six months ended Sept. 30, 2006, were
$558,870 and $719,983 respectively, compared with revenues of
$314,248 and $532,858 for the same periods in 2005.  These reflect
a quarter over quarter increase for both comparable periods in
2005 of $244,622 and $187,125 respectively.  These increases are
primarily driven from increases in the Company's contract research
activities with the Canadian and European space agencies.

At Sept. 30, 2006, the Company had cash and cash equivalents of
$357,000 compared to March 31, 2006 balances of $4,606,000.  At
Sept. 30, 2006, the Company had negative working capital of
$2,602,523, compared with working capital of $2,648,551 at
March 31, 2006.

During the quarter the Company issued $1,000,000 of convertible
debentures.  Additionally, subsequent to the quarter end, the
Company issued a further $325,000 of convertible debentures to
assist the financing of MBC's operations.  These funds enabled the
Company to maintain operations on a limited basis in both Canada
and Switzerland.

Millenium continues to explore various strategic options for the
Company.  There can be no assurance that such efforts will be
successful.  In the event the Company is unable to secure
sufficient financing, there is substantial doubt as to the
Company's ability to continue as a going concern, which could
require the partial or complete divestiture of its core
technologies.

Also during the quarter the Company's shares were suspended by the
Toronto Stock Exchange.  As announced by the Exchange, formal
delisting has been delayed until such time as MBI has completed
proceedings under the Proposal.

                    About Millenium Biologix

Headquartered in Ontario, Canada, Millenium Biologix Corporation
(TSX: MBC) -- http://www.millenium-biologix.com/-- is focused on  
the development and commercialization of next generation cell
culture and tissue engineering systems that will drive change from
synthetic implants to more effective biologics-based solutions.  
Its wholly owned subsidiary, Millenium Biologix Inc., filed a
Notice of Intent to make a proposal to its creditors under the
Bankruptcy and Insolvency Act (Canada) on Oct. 6, 2006.  


MUSICLAND HOLDING: Agrees to Adjourn Hayes' Hearing Today
---------------------------------------------------------
Musicland Holding Corp., its debtor-affiliates, and James and
Susan Hayes agree to adjourn the hearing on the Hayes' request
until today, Nov. 28, 2006.

As reported in the Troubled Company Reporter on Oct. 20, 2006,
James and Susan Hayes sought the U.S. Bankruptcy Court for the
Southern District of New York to lift the automatic stay to allow
them to commence:

   (a) negotiations with St. Paul Travelers Insurance with
       regards to the personal injury incident; and

   (b) an action for negligence against the Debtors in the Supreme
       Court, County of Erie.

Joel A. McMahon, Esq., at Watson, Bennett, Colligan, Johnson &
Schechter, L.L.P., in Buffalo, New York, said that in February
2004, Mr. Hayes suffered severe injuries to his left lower
extremities when he slipped and fell in the parking lot of a
Mediaplay store.  The Mediaplay store is owned and managed by
Musicland Group, Inc.

Mr. McMahon asserted that Mr. Hayes sustained his injuries due to
the Debtors' negligence.

The parties waive their rights under Section 362(e)(1) of the
Bankruptcy Code, regarding the automatic stay being terminated on
the expiration of the 30-day period after the filing of the
Motion.  The automatic stay will remain in effect with respect to
the Hayes' claims against the Debtors until the conclusion of the
hearing and the entry of a Court order granting or denying the
Motion.

Headquartered in New York, New York, Musicland Holding Corp., is a
specialty retailer of music, movies and entertainment-related
products.  The Debtor and 14 of its affiliates filed for chapter
11 protection on Jan. 12, 2006 (Bankr. S.D.N.Y. Lead Case No.
06-10064).  James H.M. Sprayregen, Esq., at Kirkland & Ellis,
represents the Debtors in their restructuring efforts.   Mark T.
Power, Esq., at Hahn & Hessen LLP, represents the Official
Committee of Unsecured Creditors.  When the Debtors filed for
protection from their creditors, they estimated more than $100
million in assets and debts.  (Musicland Bankruptcy News, Issue
No. 23; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


MUSICLAND HOLDING: Court Approves St. Clair Settlement Agreement
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
approved the settlement agreement Musicland Holding Corp. and its
debtor-affiliates entered into with St. Clair Entertainment Group
pursuant to Sections 105(a), 362 and 363(b)(1) of the Bankruptcy
Code.

As reported in the Troubled Company Reporter on Nov. 10, 2006, the
parties engaged in negotiations and ultimately entered into a
settlement to resolve the Adversary Proceeding, Claim No. 1633 and
other related disputes.

The salient terms of the Settlement Agreement are:

   * In full and final satisfaction of the claims alleged in the
     Adversary Proceeding and Claim No. 1633, St. Clair will have
     an Allowed Secured Claim for $85,000 and an Allowed
     Unsecured Claim for $145,000;

   * St. Clair's Allowed Unsecured Claim will be treated as a
     Class 5 Claim under the proposed Plan of Liquidation;

   * The parties will mutually release and discharge all claims
     and liabilities against each other; and

   * St. Clair will dismiss the Adversary Proceeding, with
     prejudice.

Headquartered in New York, New York, Musicland Holding Corp., is a
specialty retailer of music, movies and entertainment-related
products.  The Debtor and 14 of its affiliates filed for chapter
11 protection on Jan. 12, 2006 (Bankr. S.D.N.Y. Lead Case No.
06-10064).  James H.M. Sprayregen, Esq., at Kirkland & Ellis,
represents the Debtors in their restructuring efforts.   Mark T.
Power, Esq., at Hahn & Hessen LLP, represents the Official
Committee of Unsecured Creditors.  When the Debtors filed for
protection from their creditors, they estimated more than $100
million in assets and debts.  (Musicland Bankruptcy News, Issue
No. 23; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


NAKOMA LAND: Alan Smith Wants to Withdraw as Bankruptcy Counsel
---------------------------------------------------------------
Alan R. Smith, Esq., and the Law Offices of Alan R. Smith, ask the
U.S. Bankruptcy Court for the District of Nevada for permission to
withdraw as Nakoma Land Inc. and its debtor-affiliates' bankruptcy
counsel.

Mr. Smith tells the Court that he wants to withdraw as counsel
pursuant to Nevada Supreme Court Rule 166, Subsections (2)(c) and
(e), citing:

    * the Debtors insist upon pursuing an objective that the he
      considers imprudent; and

    * the representation will result in an unreasonable financial
      burden on himself or has been rendered unreasonably
      difficult by the Debtors.

Mr. Smith contends that it is his ethical duty at this time to
request that to withdraw as counsel.

Headquartered in Reno, Nevada, Nakoma Land, Inc., operates the
Nakoma Resort in Plumas County, California.  The Debtor along with
its affiliates filed for chapter 11 protection on May 19, 2005
(Bankr. D. Nev. Case No. 05-51556).  Alan R. Smith, Esq., at the
Law Offices of Alan R. Smith represented the Debtors.  When the
Debtors filed for protection from its creditors, they listed total
assets of $18,000,000 and total debts of $15,252,580.  The Court
then appointed Angelique I.M. Clark as chapter 11 trustee.  The
U.S. Trustee for Region 13 recommended Ms. Clark's appointment
after Investors Financial LLC, sought for the appointment of a
trustee.


NASDAQ STOCK: Gets $5.8-Bil. Debt & Equity Financing for LSE Bid
----------------------------------------------------------------
The Nasdaq Stock Market Inc. has secured up to $5.1 billion of
debt financing and $775 million of equity financing from a group
of lenders, led by Bank of America Corp.'s Bank of America
Securities, to fund its bid for the London Stock Exchange's
remaining shares, Reuters reports.

The new credit facility consists of a:

   -- six-year $75 million secured revolving credit facility;
   -- seven-year $750 million secured term loan facility;
   -- seven-year $2.5 billion term loan; and
   -- $1.75 billion unsecured bridge loan.

Nasdaq disclosed that as part of the transaction, 775,000 shares
of perpetual preferred shares, at $1,000 per share, will be sold
to a Bank of America unit and Dresdner Bank's Dresdner Kleinwort
Securities.  Dresdner Bank is a unit of German insurer Allianz.

Reuters says the new loans would also refinance Nasdaq's existing
debt, fund the repurchase of some LSE bonds and cover other costs
related to Nasdaq's EUR2.7 billion offer for LSE.  Last week, LSE
rejected Nasdaq's offer to buy the outstanding LSE shares from
investors.  Nasdaq, According to Reuters, currently holds 28.75%
of LSE.

The Nasdaq Stock Market Inc. -- http://www.nasdaq.com/-- is the  
largest electronic equity securities market in the United States
with approximately 3,200 companies.

                           *     *     *

As reported in the Troubled Company Reporter on Nov. 22, 2006,
Standard & Poor's Ratings Services placed its 'BB+' long-term
counterparty credit ratings on The Nasdaq Stock Market Inc. on
CreditWatch with negative implications.

The CreditWatch action follows Nasdaq's announcement of its final
cash offer to purchase the 75% of the London Stock Exchange that
it doesn't already own for 1,243 pence per ordinary share.  The
financing details will be made public in the very near future when
Nasdaq submits its Offer Document.

Moody's Investors Service assigned in April 2006 ratings to three
new bank facilities of The Nasdaq Stock Market Inc.: a $750
million Senior Secured Term Loan B, a $1,100 million Secured Term
Loan C, and a $75 million Senior Secured Revolving Credit
Facility.  Moody's said each facility is rated Ba3 with a negative
outlook.


NOVELIS INC: Posts $102 Million Net Loss in 2006 Third Quarter
--------------------------------------------------------------
Novelis Inc. incurred a net loss of $102 million for the third
quarter ended September 30, 2006, on net sales of $2.5 billion,
compared with net income of $10 million, on net sales of
$2.1 billion for the third quarter of 2005.

For the nine months ended September 30, 2006, Novelis incurred a
net loss of $170 million on net sales of $7.4 billion, compared
with net income of $32 million on net sales of $6.3 billion for
the same period of 2005.

The net loss for the third quarter includes an income tax benefit
of $52 million while the net loss for the nine months ended
September 30, 2006, includes income tax expense of $30 million.

Novelis' earnings in 2006 have been adversely affected by higher
metal prices that the Company is unable to pass through to certain
customers as a result of metal price ceilings on a portion of the
Company's can sheet sales in North America.  Year to date, this
impact was partially offset by the increase in fair value of
certain of the Company's derivative instruments.  Additional items
adversely affecting earnings include higher energy and
transportation costs; the adverse effects of currency exchange
rates; and expenses related to the Company's restatement and
review process, delayed financial reporting and continued reliance
on third-party consultants to support its financial reporting
requirements.

During the third quarter, the Company paid down debt by
$37 million, bringing its total debt reduction for the first nine
months of 2006 to $184 million, which exceeds its principal
payment obligations.  Novelis has reduced its debt by $505 million
since its spin-off in January 2005.  Cash and cash equivalents as
of September 30, 2006, were $71 million.

Total rolled product shipments increased to 737 kilotonnes in the
third quarter of 2006 from 725 kilotonnes in the third quarter of
2005.  For the nine months ended Sept. 30, 2006, total rolled
products shipments increased approximately 3 percent to 2,231
kilotonnes from 2,168 kilotonnes for the corresponding period of
2005.

"We believe that the timely filing of our third-quarter financial
results illustrates the progress we are making to transform
Novelis into a disciplined, shareholder-focused company," said
William T. Monahan, Chairman and Interim Chief Executive Officer.
"In addition, our operations and market position remain strong,
which we expect will enable us to continue to deliver on our
commitment to reduce debt."

In addition, Novelis announced that it has concluded its
previously announced exploration of divestment options for its
upstream mining, energy and smelting related assets in Brazil.  
The Company has sold its interest in Petrocoque S.A. Industria e
Comercio, a producer of calcined petroleum coke, and transferred
certain hydroelectric development rights.  At this time, the
Company intends to retain its remaining upstream assets in Brazil.

Based in Atlanta, Georgia, Novelis, Inc., (NYSE: NVL) (TSX: NVL)
-- http://www.novelis.com/-- provides customers with a regional  
supply of technologically sophisticated rolled aluminum products
throughout Asia, Europe, North America, and South America.  The
company operates in 11 countries and has around 13,000 employees.  
Through its advanced production capabilities, the company supplies
aluminum sheet and foil to the automotive and transportation,
beverage and food packaging, construction and industrial, and
printing markets.  The company has facilities in Hongkong,
Malaysia, Canada, U.S. and Switzerland, among others.

                        *    *    *

As reported in the Troubled Company Reporter on Sept. 7, 2006,
Moody's Investors Service downgraded Novelis Inc.'s corporate
family rating to B1 from Ba3, the bank revolver rating to Ba3
from Ba2, the bank term loan rating to Ba3 from Ba2, and senior
unsecured notes to B2 from B1.  Moody's also downgraded Novelis
Corp.'s bank term loan rating to Ba3 from Ba2.


OPAL CONCEPTS: Court Okays Back Bay to Assist in Pending Action
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
authorized Waller Lansden Dortch & Davis LLP, special litigation
counsel of the Official Committee of Unsecured Creditors in Opal
Concepts Inc. and its debtor-affiliates' chapter 11 cases, to
employ Back Bay Management and its division, the Michel-Shaked
Group, as its consultants, nunc pro tunc to Sept. 27, 2006.

Back Bay and Michel-Shaked will assist Waller Lansden in the
prosecution of certain pending litigations.

Stephen Kempainen and Dr. Dennis Logue will be the primary persons
in charge for Back Bay and Michel-Shaked's engagement.  Messrs.
Kempainen and Logue's hourly billing rates are $475 and $575,
respectively.

The firm will receive a $100,000 retainer as requested.

Mr. Kempainen assures the Court that his firm is a "disinterested
person" as that term is defined in Section 101(4) of the
Bankruptcy Code.

Opal Concepts Inc. used to manage Fantastic Sams, one of the
largest franchised hair salon chains in the country with
approximately 1,300 salons operating under its name.  The Company
and its affiliates filed for bankruptcy on July 16, 2002 (Bankr.
C.D. Calif. Case No. 02-15441).  Michael A. Morris, Esq., of Los
Angeles, Calif., represent the Debtors in their restructuring
efforts.  Ames Davis, Esq., of Nashville, Tenn., and Derek W
Edwards, Esq., at Waller Lansden Dortch & Davis, represent the
Joint Committee of Creditors.  The Debtors no longer have business
operations after selling substantially all of their assets.
Howard M. Ehrenberg is the Debtors' sole employee and responsible
person handling the Debtors' estates.


PERFORMANCE TRANSPORTATION: Court Approves Disclosure Statement
---------------------------------------------------------------
The Honorable Michael J. Kaplan of the U.S. Bankruptcy Court for
the Western District of New York approved the disclosure statement
explaining Performance Transportation Services Inc. and its
debtor-affiliates' Revised First Amended Joint Plan of
Reorganization.

Judge Kaplan held that the Revised First Amended Disclosure
Statement contains adequate information pursuant to Section 1125
of the Bankruptcy Code that will "enable a hypothetical
reasonable investor typical of holders of claims or interests of
the relevant class to make an informed judgment about the plan."

The Debtors filed the revised version of their First Amended Plan
and Disclosure Statement on November 21, 2006, to reflect the
changes made to address the issues raised by Frank Pietroniro and
five other objectors:

    (1) the Official Committee of Unsecured Creditors,
    (2) Credit Suisse, Cayman Islands Branch,
    (3) Chris Powers,
    (4) Finnis Hodge, and
    (5) General Electric Capital Corporation

The Creditors Committee has argued, among other things, that (i)
the Plan Proponents do not identify or value potential Avoidance
Actions, including any Avoidance Actions arising from the
Debtors' 2005 refinancing; (ii) there is inadequate information
as to Yucaipa's possible intent to combine the Debtors'
operations with Allied Holdings, Inc., the Debtors' primary
competitor -- also a Chapter 11 debtor in the U.S. Bankruptcy
Court for the Northern District of Georgia; and (iii) there is
inadequate information as to the total amount of Allowed General
Unsecured Claims.

Credit Suisse wanted the Debtors and Yucaipa to amend the Plan
and Disclosure Statement to properly characterize the First Lien
Lenders -- holders of Class 1 Claims -- as "Impaired" under the
Plan, and therefore, entitled to vote to accept or reject the
Plan.

Personal injury claimants, Messrs. Powers, Hodge and Pietroniro
asserted that the Disclosure Statement contains incomplete
information on personal injury actions instituted against the
Debtors.

GECC, on the other hand, complained that the Debtors failed to
identify which leases will be assumed and which ones will be
rejected.

To address the objections, the Debtors included additional
language and amended and clarified some provisions in the Final
Version of the Disclosure Statement.  Specifically, the Debtors
disclosed that their analysis of potential Avoidance Actions is
ongoing and that they have not yet reached determination as to
the validity of any of those potential actions.  Hence, the
Debtors deem it inappropriate to provide an assessment of the
value of the Avoidance Actions at this time.

The Debtors have also included additional language that describes
their 2005 refinancing and the Creditor Committee's assertion
that the refinancing may constitute a potential Avoidance Action
in the amount of approximately $36,000,000 that could be pursued.

With respect to Allied and Yucaipa, the Debtors disclosed that
Yucaipa holds approximately $100,000,000 of senior unsecured
claims against Allied.  However, the Debtors noted that "nothing
in the Plan is dependent or conditioned upon any particular
result, outcome or other action occurring or not occurring in
Allied's Chapter 11 cases."  Additionally, the Debtors noted that
as of November 21, 2006, Allied has not filed any plan of
reorganization in its Chapter 11 cases.

Although the Plan Proponents believe that the holders of First
Lien Claims are unimpaired by the Plan, and therefore, not
entitled to vote to accept or reject the Plan, the Debtors
amended the Plan to provide that holders of First Lien Claims
will receive a Ballot and the Court will determine at the
Confirmation Hearing to the extent necessary whether Class 1
Claims are Impaired and entitled to vote on the Plan.

The Debtors have also amended the Plan to reflect that each of
the Personal Injury Claimants' causes of action are covered under
the Debtors' insurance policy with Discover Property & Casualty
Insurance Company.  Under the terms of the insurance policy, the
Debtors are responsible for paying:

    -- the first $500,000 to Messrs. Powers and Hodge; and
    -- the first $1,000,000 to Mr. Pietroniro,

of defense costs and any judgment rendered against the Debtors.
To the extent these become Allowed Claims, the three causes of
action will be covered under a letter of credit.

Pursuant to negotiations between GECC and the Debtors, GECC has
withdrawn its objection to the First Amended Disclosure
Statement.

                         Other Amendments

With respect to Yucaipa's Allowed Claim for substantial
contribution under Section 503(b) of the Bankruptcy Code -- and
the Creditors Committee assertion that Yucaipa is not entitled to
an Allowed Claim for substantial contribution -- the Debtors note
that the Revised First Amended Plan constitutes a request for
approval of payment of that substantial contribution Claim.  In
conjunction with the Confirmation Hearing, the Debtors anticipate
that there may be a contested hearing with respect to the
substantial contribution Claim issue if the Creditors Committee
continues to contest Yucaipa's right to obtain the claim.

With respect to their senior executives, the Debtors disclose
that they have withdrawn their request to modify the performance
incentive bonus program.  The holders of the Second Lien Claims
agreed to carve out of their recoveries incentive payments to
Jeffrey Cornish, Jack Stalker and John Richter.  The incentive
payments will not increase the amount of the Second Lien Claims
or the recovery paid to the holders of those Claims.  Instead,
the incentive payments will be paid from the proceeds otherwise
received from the holders of the Second Lien Claims and the
payments will in no way impact or otherwise diminish the amount
of distributions received by any other creditor Class of the
Debtors.

                   Treatment of Class 5 Claims

The Debtors estimate that the total amount of Allowed General
Unsecured Claims will be in the range of approximately
$10,000,000 to $25,000,000.  The Debtors note, however, that the
General Unsecured Claims contain certain unliquidated litigation
claims.  Therefore, the total amount of General Unsecured Claims
could be substantially more or less than the estimated range.

The Debtors and the Reorganized Debtors will have the right but
not the obligation to file, litigate or settle an objection to
Disputed Class 5 Claims to the extent the Debtors or the
Reorganized Debtors or their insurance carriers are or could be
liable in any way for payment, indemnification or any cost or
expense arising from or related to the Class 5 Claims.  In this
circumstance, the Plan Proponents can provide no assurance that
holders of General Unsecured Claims will receive any distribution
on behalf of their Claims.

The Debtors currently contemplate that the Liquidating Trust will
be funded only with the General Unsecured Claim Distribution.  If
the Debtors and Reorganized Debtors determine not to pursue the
Avoidance Actions, the Liquidating Trust will have the right to
pursue the Avoidance Actions that are part of the General
Unsecured Claim Distribution.  The Debtors and the Reorganized
Debtors, however, will have no obligation to provide any funding
to the Liquidating Trust except that no payments or distributions
will be made on account of a Disputed Claim until the Claim or
Interest becomes an Allowed Claim.

                           Other Claims

The Debtors are currently unaware of any claims that would be
classified as Allowed Class 6 Claims.

The total principal amount of the Second Lien Claims as of the
Petition Date is $35,000,000.

Intercompany Claims, which consist of claims among the Debtors,
may be eliminated on or after the Effective Date by offset, the
distribution or contribution of the Claims, or otherwise, as
determined by the Debtors.  The Debtors estimate that the amount
of Intercompany Claims is approximately $14,000,000.

The provision of the tail coverage remains subject to further
discussions among the Plan Proponents.  Accordingly, the
provision of the tail coverage may be modified or deleted before
the Confirmation Hearing.

                    Balance Sheet Adjustments

Under the Revised First Amended Plan, the secured portion of the
second lien debt is removed from the balance sheet and assumed to
be converted to equity in accordance with the Plan.  Moreover,
Yucaipa has informed the Debtors that the holders of the Second
Lien Debt will be asserting an unsecured deficiency claim to the
extent the amount of the Second Lien Claims exceeds the value of
the collateral that secures the debt.  Based on the valuation of
the Reorganized Debtors, the unsecured deficiency claim on
account of the Second Lien Claims is estimated to be in the range
of approximately $10,000,000 to $28,000,000, excluding any
postpetition fees, expenses and interest.

                       Junior DIP Facility

The lenders under the Junior DIP Facility have the option, in
their sole discretion, to seek payment of the Junior DIP Facility
Obligations from the proceeds of Avoidance Actions, all as
described in the Junior DIP Facility Order.  If the lenders under
the Junior DIP Facility make the election, any proceeds recovered
on account of Avoidance Actions will be allocated first to
satisfy the Junior DIP Obligations before any distribution of the
proceeds being made to holders of General Unsecured Claims.  In
that circumstance, the Plan Proponents can provide no assurance
that holders of General Unsecured Claims will receive any
distribution on behalf of their Claims.  The Creditors Committee,
however, believes that in that circumstance, holders of General
Unsecured Claims will not receive a distribution on behalf of
their Claims.

                    Releases by the Debtors

The Debtors do not believe that any valid potential actions exist
against the "Debtor Releasees".  In addition, the Debtors have
not been made aware of any potential actions against the Debtor
Releasees.  Since March 2006, the financial advisors to the
Creditors Committee have had access to, among other things:

    (a) The Debtors' 2005 Credit Agreements; and

    (b) The documents related to the Debtors' 2004 acquisition of
        Leaseway.

The Creditors Committee has not pursued, or informed the Debtors,
of any valid potential actions against the Debtor Releasees
arising from the transactions.  Additionally, the Debtors believe
that litigating over the validity of any theoretically potential
claims against the Debtor Releasees would require a significant
expenditure of the Debtors' time and resources and would
unnecessarily impair their businesses and the administration of
their Chapter 11 cases, particularly in light of the fact that
the DIP Facility expires in January 2007.

                    Valuation and Feasibility

The Revised First Amended Plan clarifies that FTI Consulting,
Inc., Debtors' financial advisors, estimates the Estimated
Reorganized Debtors' Enterprise Value to be between approximately
$100,000,000 to $120,000,000, with a midpoint of $110,000,000.

The Debtors believe that, with a deleveraged capital structure,
their businesses will be able to return to viability.  In
particular, under the Revised First Amended Plan, the Debtors
will extinguish all $35,000,000 of Second Lien Claims and all
unsecured claims that have been asserted against them.

          Personal Injury Actions and Related Insurance

With regards the four personal injury claims filed in different
courts by Messrs. Pietroniro, Hodge, Powers, and Donald W.
Crumlich, the Revised First Amended Plan provides that to the
extent the personal injury claimants have a right to insurance or
any letter of credit on their claims, they will not be a party to
Class 5 under the Amended Plan.  To the extent the claimants are
not entitled to insurance or letters of credit on behalf of their
claims, the claimants will be a party to Class 5 under the Plan
to the extent they are ultimately determined to have Allowed
Claims.

Any objections to approval of the Disclosure Statement, which
were not withdrawn or settled at or before the Disclosure
Hearing, were overruled.

A full-text copy of the final version of the Revised First
Amended Plan is available at no charge at:

              http://researcharchives.com/t/s?15d6

A full-text copy of the final version of the Revised First
Amended Disclosure Statement is available at no charge at:

              http://researcharchives.com/t/s?15d7

Headquartered in Wayne, Michigan, Performance Transportation
Services, Inc. -- http://www.pts-inc.biz/-- is the second largest  
transporter of new automobiles, sport-utility vehicles and light
trucks in North America.  The Company provides transit stability,
cargo damage elimination and proactive customer relations that are
second to none in the finished vehicle market segment.  The
company's chapter 11 case is administered jointly under Leaseway
Motorcar Transport Company.

Headquartered in Niagara Falls, New York, Leaseway Motorcar
Transport Company Debtor and 13 affiliates filed for chapter 11
protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Case No. 06-00107).
James A. Stempel, Esq., James W. Kapp, III, Esq., and Jocelyn A.
Hirsch, Esq., at Kirkland & Ellis, LLP, and Garry M. Graber, Esq.,
at Hodgson Russ LLP represent the Debtors in their restructuring
efforts.  David Neier, Esq., at Winston & Strawn LLP, represents
the Official Committee of Unsecured Creditors.  When the Debtors
filed for protection from their creditors, they estimated assets
between $10 million and $50 million and more than $100 million in
debts.  (Performance Bankruptcy News, Issue No. 18; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000)


PERFORMANCE TRANSPORTATION: Court Approves Solicitation Procedures
------------------------------------------------------------------
The Honorable Michael J. Kaplan of the U.S. Bankruptcy Court for
the Western District of New York approved Performance
Transportation Services Inc. and its debtor-affiliates' proposed
solicitation procedures, including the Debtors' preferred
solicitation package.

The Court sets Dec. 15, 2006, as the deadline for filing objection
to the Confirmation of the Debtors' Plan.

The Court has also set Dec. 18, 2006, as the last day to vote on
the Plan.  The voting record date was Nov. 22, 2006.

The Court will convene hearing on Dec. 21, 2006, to consider        
confirmation of the Debtors' Plan.

Judge Kaplan says the Confirmation Hearing Date may be continued
from time to time -- by the Court or the Debtors -- without
further notice other than the adjournments announced in open
court.

The Debtors and Yucaipa American Alliance Fund I, LP, and Yucaipa
American Alliance (Parallel) Fund I, LP, may file their reply to
objections, if any, to confirmation of the Amended Plan on or
before Dec. 19, 2006, Judge Kaplan adds.

Moreover, provided that the Debtors file a notice of extension to
voting creditors, Judge Kaplan rules that the Debtors may extend
the Voting Deadline, without further Court order, to a date that
is not later than two days before the Confirmation Hearing.

The Debtors reserve their right to further amend or supplement
the Solicitation Procedures to better facilitate the solicitation
process.

Headquartered in Wayne, Michigan, Performance Transportation
Services, Inc. -- http://www.pts-inc.biz/-- is the second largest  
transporter of new automobiles, sport-utility vehicles and light
trucks in North America.  The Company provides transit stability,
cargo damage elimination and proactive customer relations that are
second to none in the finished vehicle market segment.  The
company's chapter 11 case is administered jointly under Leaseway
Motorcar Transport Company.

Headquartered in Niagara Falls, New York, Leaseway Motorcar
Transport Company Debtor and 13 affiliates filed for chapter 11
protection on Jan. 25, 2006 (Bankr. W.D.N.Y. Case No. 06-00107).
James A. Stempel, Esq., James W. Kapp, III, Esq., and Jocelyn A.
Hirsch, Esq., at Kirkland & Ellis, LLP, and Garry M. Graber, Esq.,
at Hodgson Russ LLP represent the Debtors in their restructuring
efforts.  David Neier, Esq., at Winston & Strawn LLP, represents
the Official Committee of Unsecured Creditors.  When the Debtors
filed for protection from their creditors, they estimated assets
between $10 million and $50 million and more than $100 million in
debts.  (Performance Bankruptcy News, Issue No. 18; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000)


PREMIER ENT: Can Access U.S. Bank Cash Collateral Until Dec. 12
---------------------------------------------------------------
Premier Entertainment Biloxi LLC and its debtor-affiliate, Premier
Finance Biloxi Corp., obtained authority from the Honorable Edward
R. Gaines of the U.S. Bankruptcy Court for the Southern District
of Mississippi to use the cash collateral securing repayment of
its prepetition obligations to U.S. Bank National Association
until Dec. 12, 2006.  Judge Gaines declares that the Debtors have
met the requirements necessary to obtain to use the requested
funds on an interim basis according to a 13-week projected budget.

A full-text copy of the budget is available for free at:

              http://ResearchArchives.com/t/s?15ba

U.S. Bank serves as the indenture trustee of $160 million in
10-3/4% First Mortgage Notes due 2012, issued under a Cash
Collateral and Disbursement Agreement date Jan. 23, 2004.  The
Notes are secured by first priority liens on the Debtors' property
resort, the Hard Rock Hotel & Casino Biloxi, and insurance
proceeds related to the resort.

In August 2005, the Debtors collected $160.8 million in insurance
proceeds from prepetition insurers for damages resulting from
Hurricane Katrina and deposited them with U.S. Bank.  However, the
Debtors' prepetition secured bondholders have unreasonably
withheld access to insurance proceeds and delayed the
reconstruction and repair of the resort.

The purported event of default triggering the bondholders'
restraint of the insurance proceeds was the Debtors' inability to
commence operations by Dec. 31, 2005.  The bondholders also
declined two tender offers, which would have repaid the
indebtedness owed to them.

The Debtors will use the cash collateral to repair, rebuild, and
open the resort; and pay certain claims, including payables that
relate to the original building of the facility; and to remediate
and clean-up after Hurricane Katrina.

To protect the Indenture Trustee's interest in the cash
collateral, the Debtors secured replacement liens on the cash
collateral.  The Debtors assure the Court that the resort has been
and will be adequately reinsured at all times by financially sound
ans reputable insurers in accordance with the terms of the
Indenture.

                   About Premier Entertainment

Based in Biloxi, Mississippi, Premier Entertainment Biloxi LLC dba
Hard Rock Hotel & Casino Biloxi -- http://www.hardrockbiloxi.com/
-- owns and operates hotels.  The Company filed for chapter 11
protection on Sept. 19, 2006 (Bankr. S.D. Ms. Case No. 06-50975).  
Nicholas Van Wiser, Esq., and Robert Alan Byrd, Esq., at Byrd &
Wiser, represent the Debtors.  Corby Davin Boldissar, Esq., at
Locke Liddell & Sapp, LLP, represents the Official Committee of
Unsecured Creditors.  When the Debtor filed for protection from
its creditors, it listed $252,862,215 in assets and $226,069,921
in debts.


PREMIER ENT: Wants Locke Liddell & DDKF as Panel's Bankr. Counsel
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors appointed in the
bankruptcy cases of Premier Entertainment Biloxi LLC and Premier
Finance Biloxi Corp. asks permission from the U.S. Bankruptcy
Court for the Southern District of Mississippi to retain Locke
Liddell & Sap LLP and Dukes Dukes Keating & Faneca PA as its
bankruptcy counsels, nunc pro tunc to Oct. 16, 2006.

The firms will:

   a. assist and advise the Committee in its consultations with
      the Debtors and other committees relative to the overall
      administration of the estate;

   b. represent the Committee at hearings to be held before the
      Bankruptcy Court and communicate with the Committee
      regarding the matters heard and issues raised as well as
      decisions and considerations of the Court;

   c. assist and advise the Committee in its examination and
      analysis of the Debtors' conduct and financial affairs;

   d. review and analyze all applications, orders, operating
      reports, schedules, and statements of affairs filed and to
      be filed with the Bankruptcy Court by the Debtors or other
      interested parties in the Debtors' cases; advise the
      Committee as to their necessity and propriety and their
      impact on the rights of the lesser related claimants, and
      upon the case generally; and, after consultation with and
      approval of the Committee or its designees, consent to or
      object to appropriate orders on its behalf;

   e. assist the Committee in preparing appropriate legal
      pleadings and proposed orders as may be required in
      support of positions taken by the Committee and prepare
      witnesses and review relevant documents;

   f. coordinate the receipt and dissemination of information
      prepared by and received from other professionals
      retained by the Debtors, as well as the information as
      may be received from independent professionals engaged by  
      the Committee and other committees, as applicable;

   g. advise and assist the Committee in the negotiations with
      respect to any proposed plan or plans of reorganization;

   h. assist and advise the Committee with regard to
      communications to the unsecured creditors regarding the
      Committee's efforts, progress, and recommendation with
      respect to matters arising in the Debtors' cases as well as
      any proposed plans of reorganization; and

   i. assist the Committee generally by providing other
      services as may be in the best interest of the parties
      represented by the Committee.

C. Davin Boldissar, Esq., an associate at Locke Liddell, will bill
at $260 per hour for this engagement.  

Locke Liddell's other professionals bill:

           Professional                   Hourly Rate
           ------------                   -----------
           Omer F. Kuebel, III, Esq.          $350
           Victoria M. de Lisle, Esq.         $350
           Mark Chavez, Esq.                  $260
           Demond Smith                        $85
           Julie Burmaster                     $85
      
Hugh D. Keating, Esq., a partner at DDKF, will charge $250 per
hour for this engagement.

Mr. Boldissar and Mr. Keating assure the Court that their firms do
not hold any interest adverse to the Debtors and are disinterested
pursuant to Section 101(14) of the Bankruptcy Code.

The attorneys of Locke Liddell can be reached at:

     Omer F. Kuebel, III, Esq.
     C. Davin Boldissar, Esq.
     Victoria de Lisle, Esq.
     601 Poydras Street, Suite 2660
     New Orleans, LA 70130
     Tel: (504) 558-5100
     http://www.lockeliddell.com/  

        -- and --

     Mark Chavez, Esq.
     3400 J.P. Morgan Chase Tower
     600 Travis Street
     Houston, TX 77002
     Tel: (713) 226-1200
     Fax: (7130 223-3717      

Mr. Keating of DDKF can be reached at:

     Hugh D. Keating, Esq.
     Dukes Dukes Keating & Faneca, PA
     P.O Drawer W
     Gulfport, MS 39502
     Tel: (228) 868-1111
     Fax: (228) 863-2886
     http://www.ddkf.com/

Headquartered in Biloxi, Mississippi, Premier Entertainment Biloxi
LLC dba Hard Rock Hotel & Casino Biloxi --
http://www.hardrockbiloxi.com/-- owns and operates hotels.  The  
Company filed for chapter 11 protection on Sept. 19, 2006 (Bankr.
S.D. Ms. Case No. 06-50975).  When the Debtors filed for
protection from their creditors, they listed $252,862,215 in
assets and $226,069,921 in debts.


PSS WORLD: Earns $12.7 Million for the Three Months Ended Sept. 29
------------------------------------------------------------------
PSS World Medical Inc. reported net income of $12.7 million on net
sales of $427.2 million for the three months ended Sept. 29, 2006,
compared with net income of $10.7 million on $385.8 million net
sales for the same period in 2005.

Income from operations for the three months ended Sept. 30, 2006,
was $21.5 million, compared with $16.8 million in the prior year
period.

For the nine-month period ended Sept. 29, 2006, the Company
reported net income of $23.7 million and income from operations of
$40.3 million on net sales of $840.5 million, versus net income
$18.9 million and income from operations $31.1 million on net
sales of $772.9 million for the comparable period in 2005.

Gross profit increased approximately $11.6 million and $21 million
and operating income increased approximately $4.8 million and
$9.1 million during the three and six months ended Sept. 29, 2006,
respectively as a result of the net sales growth.

As of Sept. 29, 2006, the Company had $199.8 million available on
its revolving line of credit.  Cash flow from operations during
the six months ended Sept. 29, 2006, was about $33.9 million.

              Cash Flows From Operating Activities

Cash flows from operating activities during six months ended
Sept. 29, 2006, and Sept. 30, 2005, include the Company's
utilization of $3.9 million and $11.8 million, respectively, of
net operating loss carryforwards, generated in fiscal 2003 from
the disposition of its Imaging Business, to offset cash payments
for Federal and state tax liabilities.  As of Sept. 29, 2006, the
Company has $2.5 million of state NOL carryforwards remaining and
expects to utilize mos of the state NOL carryforwards in fiscal
year 2007.

              Cash Flows From Investing Activities

Net cash used in investing activities was $8.7 million and
$44.2 million during the six months ended Sept. 29, 2006, and
Sept. 30, 2005, respectively.

Capital expenditures totaled $7.7 million and $9.2 million during
the six months ended Sept. 29, 2006 and Sept. 30, 2005, of which
approximately $5.1 million and $6.5 million, respectively, related
to development and enhancement of the Company's ERP system,
electronic commerce platforms, and supply chain integration.

The Company paid approximately $800,000 and $2 million to sales
representatives for the execution of nonsolicitation agreements
during the six months ended Sept. 29, 2006 and Sept. 30, 2005,
respectively.

Payments for business combinations, net of cash acquired, were
$100,000 and $34.8 million during the six months ended
Sept. 29, 2006 and Sept. 30, 2005, respectively.

              Cash Flows From Financing Activities

Net cash used in by financing activities was $3.4 million during
the six months ended Sept. 29, 2006, compared to net cash provided
by financing activities of $8.2 million during the six months
ended Sept. 30, 2005.

The Company received proceeds from the exercise of stock options
of approximately $5 million and $6.4 million during the six months
ended Sept. 29, 2006 and Sept. 30, 2005, respectively and
recognized excess tax benefits from share-based compensation
arrangements of $2.6 million during the six months ended
Sept. 29, 2006.

Approximately 600,000 shares of its common stock at an average
price of $19.47 per common share for approximately $12.2 million,
were repurchased by the Company during the six months ended
Sept. 29, 2006.

A full text-copy of the Company's quarterly report may be viewed
at no charge at http://ResearchArchives.com/t/s?159b

Based in Jacksonville, Florida, PSS World Medical Inc. (NASDAQ:
PSSI) -- http://www.pssworldmedical.com/-- is a national  
distributor of medical products to physicians and elder care
providers through its two business units.

                         *     *     *

In August 14, 2006, Standard & Poor's Ratings Services raised its
ratings on PSS World Medical Inc.  The corporate credit rating was
raised to 'BB' from 'BB-'.  The rating outlook is stable.


PURADYN FILTER: Brings In Webb & Company as Accountants
-------------------------------------------------------
Puradyn Filter Technologies Incorporated has engaged Webb &
Company as its independent registered public accounting firm to
replace Daszkal Bolton LLP.

The Company says that it has not consulted with Webb regarding the
application of accounting principles to any transactions nor the
type of audit opinion that might be rendered on the Company's
financial statements, and no advice was provided that would be an
important factor considered by the Company in reaching a decision
as to an accounting, auditing or financial reporting issue.

Daszkal Bolton, by letter dated Nov. 20, 2006, has resigned as the
Company's independent registered public accounting firm.

The reports of Daszkal Bolton on the financial statements of the
Company for the past two fiscal years contained no adverse opinion
or disclaimer of opinion, and were not qualified or modified as to
uncertainty, audit scope of accounting principles, but did include
an explanatory paragraph relating to the Company's ability to
continue as a 'going concern' as a result of recurring operating
losses, liabilities exceeding assets and the reliance on cash
inflows from an institutional investor and current stockholders,
the Company says.

The Company further says that the decision to change accountants
was approved by the Audit Committee of its Board of Directors and
that there have been no disagreements between the Company and
Daszkal Bolton LLP, for which Webb was consulted upon.

Based in Boynton Beach, Florida, puraDYN Filter Technologies, Inc.
-- http://www.puradyn.com/-- designs, manufactures and markets  
the puraDYN(R) Bypass Oil Filtration System.  The Company's
patented and proprietary system is effective for internal
combustion engines, transmissions and hydraulic applications.

                      Going Concern Doubt

DaszkalBolton LLP in Boca Raton, Florida, raised substantial doubt
about puraDYN Filter Technologies, Inc.'s ability to continue as a
going concern after auditing the Company's consolidated financial
statements for the year ended Dec. 31, 2005.  The auditor pointed
to the Company's recurring operating losses, stockholders'
deficit, and reliance on cash inflows from an institutional
investor and current stockholder.


SAINT VINCENTS: Fixes Cure Costs with New York Hyperbaric
---------------------------------------------------------
Saint Vincents Catholic Medical Centers of New York and its
debtor-affiliates have signed a stipulation with New York
Hyperbaric & Wound Care Centers LLC fixing the cure amounts for
contracts and leases related to the provision of hyperbaric
services at St. John's Hospital and St. Vincent's Hospital, Staten
Island.

The U.S. Bankruptcy Court for the Southern District of New York
previously approved the Debtors' sale of:

   (a) St. John's Hospital, Queens, and Mary Immaculate Hospital,
       Queens, and certain related assets to Caritas Health Care
       Planning, Inc.; and

   (b) St. Vincent's Hospital, Staten Island, and certain related
       assets to Castleton Acquisition Corporation.

In connection with the sale of the Queens Assets and the Staten
Island Assets, the Debtors are assuming and assigning certain
executory contracts and unexpired leases to Caritas and Castleton.

The Assumed Contracts and Leases include agreements between the
Debtors and New York Hyperbaric for the provision of hyperbaric
services at St. John's and SV Staten Island.

NY Hyperbaric objected to the assumption and assignment of the
Hyperbaric Agreements to both Caritas and Castleton based on the
amount the Debtors propose to pay to NY Hyperbaric to cure all
defaults under the Agreements to satisfy the requirements of
Section 365(b) of the Bankruptcy Code.

In separate Court-approved stipulations, NY Hyperbaric agreed to
the assumption and assignment of the Hyperbaric Agreements
subject to a determination of the proper Cure Amounts.   

NY Hyperbaric has also filed a request that seeks to compel the
Debtors to assume or reject the Hyperbaric Agreements.  The
Debtors objected to the request.

NY Hyperbaric timely filed Claim Nos. 2809, 2816, and 2818
related to the Queens Hyperbaric Agreement and Claim No. 2810
related to the Staten Island Hyperbaric Agreement.

To resolve the dispute, the parties agree that as of November 14,
2006, the amounts owed by the Debtors to NY Hyperbaric pursuant
to the Hyperbaric Agreements are:

   Hospital                                    Amount Owed
   --------                                    -----------
   St. John's Hospital, Queens                    $379,950
   Mary Immaculate Hospital, Queens                160,000
   St. Joseph's Hospital, Queens                   150,150
   St. Vincent's Hospital, Staten Island           136,950

Accordingly, the Parties stipulate that:

   1. the proper Cure Amount for the Queens Hyperbaric Agreement
      is $690,100 plus any amount that becomes due and owing
      under that Agreement after November 14, 2006, and before
      the closing date of the Queens' sale, and is not paid by
      the Debtors before that date;

   2. the proper Cure Amount for the Staten Island Hyperbaric
      Agreement is $136,950 plus any amount that becomes due and
      owing under that Agreement after November 14 and before the
      closing date of the SV Staten Island sale, and is not paid
      by the Debtors before that date;

   3. the payment of the Cure Amounts will fully satisfy the
      requirements of Section 365(b), and neither the Debtors,
      Caritas, or Castleton will be required to pay any other
      amount for the assumption and assignment of the Hyperbaric
      Agreements;

   4. upon payment of the Cure Amounts and assignment of the
      Hyperbaric Agreements, NY Hyperbaric's Claims will be
      disallowed in their entirety and NY Hyperbaric will have no
      further claim against the Debtors relating to the
      Agreements; and

   5. NY Hyperbaric withdraws its request to compel assumption of
      the Hyperbaric Agreements, without prejudice.

Headquartered in New York, New York, Saint Vincents Catholic
Medical Centers of New York -- http://www.svcmc.org/-- the  
largest Catholic healthcare providers in New York State, operate
hospitals, health centers, nursing homes and a home health agency.
The hospital group consists of seven hospitals located throughout
Brooklyn, Queens, Manhattan, and Staten Island, along with four
nursing homes and a home health care agency.  The Company and six
of its affiliates filed for chapter 11 protection on July 5, 2005
(Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951).  Gary
Ravert, Esq., and Stephen B. Selbst, Esq., at McDermott Will &
Emery, LLP, filed the Debtors' chapter 11 cases.  On Sept. 12,
2005, John J. Rapisardi, Esq., at Weil, Gotshal & Manges LLP took
over representing the Debtors in their restructuring efforts.
Martin G. Bunin, Esq., at Thelen Reid & Priest LLP, represents the
Official Committee of Unsecured Creditors.

As of Apr. 30, 2005, the Debtors listed $972 million in total
assets and $1 billion in total debts.  (Saint Vincent Bankruptcy
News, Issue No. 39 Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


SANDISK CORP: Earns $103.2 Mil. in 3rd Fiscal Quarter Ended Oct. 1
------------------------------------------------------------------
SanDisk Corp. reported net income of $103.2 million on total
revenues of $751.3 million for the third fiscal quarter ended
Oct. 1, 2006, compared with net income of $107.4 million on total
revenues of $589.6 million for three months ended Oct. 2, 2005.

For the three months ended Oct. 1, 2006, operating income was
$128.3 million versus operating income of $158.5 million in the
prior year quarter.

For the nine months ended Oct. 1, 2006, net income was
$234 million from total revenues $2 billion, compared with
$252.4 million of net income on total revenues of $1.5 billion for
the comparable period in 2005.

Operating income was $314.7 million for the nine months ended
Oct. 1, 2006, versus operating income of $378.1 million for the
same period in 2005.

Product revenues for the three months ended Oct. 1, 2006,
increased compared with the three months ended Oct. 2, 2005, due
to a 217% increase in the number of megabytes sold, partially
offset by a 60% reduction in the Company's average selling price
per megabyte.

The increase in product revenues for the nine months ended
Oct. 1, 2006, compared with the nine months ended Oct. 2, 2005,
was comprised of a 191% increase in the number of megabytes sold,
partially offset by a 54% reduction in the Company's average
selling price per megabyte.  Its year-over-year product revenue
growth for the three months and nine months ended Oct. 1, 2006,
was primarily due to increased sales of its memory products for
mobile phones, Sansa(TM) MP3 players, memory cards for gaming
devices and USB drives.

The Company disclosed that its top 10 customers represented
approximately 51% of its total revenues for both the three and
nine months ended Oct. 1, 2006, compared with 46% and 53% in three
and nine months ended Oct. 2, 2005, respectively.  Customers who
exceeded 10% of total revenues in either of the three and nine
months ended Oct. 1, 2006, or Oct. 2, 2005, were Sony Ericsson
Mobile Communications AB, which was 10% for the three months ended
Oct. 1, 2006, and Samsung Electronics Co. Ltd., which was 11% in
the nine months ended Oct. 1, 2006.

The increase in the Company's license and royalty revenues for the
three and nine months ended Oct. 1, 2006, was primarily driven by
increased overall sales by its licensees as well as increased
royalties related to licensee sales of multi-level-cell (MLC)
based products.

The Company's research and development expense growth for the
three months ended Oct. 1, 2006, was primarily due to stock
compensation expense of $10.3 million, related to the adoption of
SFAS 123(R), increased payroll costs of $8.2 million, higher
engineering consulting costs of $2.8 million, and FlashVision and
Flash Partners common research and development costs of
$11.3 million.

At Oct. 1, 2006, the Company had cash, cash equivalents and short-
term investments of $2.55 billion and a working capital balance of
$2.88 billion.  The Company does not expect any liquidity
constraints in the next 12 months.

The Company expects total investments, loans, expenditures and
guarantees over the next 12 months to be approximately
$1.3 billion, of which, it expects to loan, make investments or
guarantee future operating leases for expansion of approximately
$1 billion and spend approximately $300 million on property and
equipment.  The additions for property and equipment includes
assembly, test and engineering equipment, information systems as
well as a plan to purchase land and equipment and construct a
captive assembly and test manufacturing facility in Shanghai,
China.  The anticipated expenditure for this China project over
the next 12 months is approximately $100 million of the total
property and equipment expenditure, subject to approval by the
Chinese government.

At Oct. 1, 2006, the Company's balance sheet showed $5.050 billion
in total assets, $1.737 billion in total liabilities, and
$3.313 billion in total stockholders' equity.

Full-text copies of the Company's third fiscal quarter financials
are available for free at http://ResearchArchives.com/t/s?15d3

Headquartered in Milpitas, Calif., SanDisk Corp. (NASDAQ:SNDK)
-- http://www.sandisk.com/-- manufactures various formats of  
flash memory cards for use in consumer electronics products,
including digital cameras, mobile phones, and game systems.  The
company also produces devices such as USB drives and MP3 music
players.

                           *     *     *

In May 2006, Standard & Poor's Ratings Services assigned its 'BB-'
rating to Sunnyvale, California-based SanDisk Corp.'s proposed
issue of $1 billion of senior unsecured convertible notes due
2013.  The 'BB-' corporate credit rating on SanDisk was affirmed.  
The rating outlook is stable.


SANTIAGO ASSOCIATES: Judge Curley Moves Bankruptcy Case to Calif.
-----------------------------------------------------------------
The Chapter 11 Case of Santiago Associates Inc. has been
transferred to the U.S. Bankruptcy Court for the Central District
of California pursuant to an order from the Honorable Sarah Sharer
Curley of the U.S. Bankruptcy Court for the District of Arizona.

As reported in the Troubled Company Reporter on July 27, 2006,
Ilene J. Lashinsky, the U.S. Trustee for Region 14, asked Judge
Curley to transfer the Debtor's chapter 11 case to an appropriate
district, or in the alternative, dismiss the case.

The U.S. Trustee explained that the Debtor's case meets none of
the requirements for proper venue in Arizona under Section 1408 of
Title 28 of the U.S. Code.

Section 1408 provides four bases for venue of bankruptcy cases,
any one of which could satisfy venue in a chosen district:

   1) domicile;
   2) residence;
   3) principal place of business; or
   4) location of principal assets.

The U.S. Trustee told the Court that the Debtor, as a Nevada
corporation, is domiciled and has residence in Nevada.  However,
the Debtor's principal place of business, the majority of its
assets, and the majority of its creditors are located in
California.

Headquartered in Phoenix, Arizona, Santiago Associates, Inc.,
filed for chapter 11 protection on May 18, 2006 (Bankr. D. Ariz.
Case No. 06-01454).  Lawrence d. Hirsch, Esq., at Hirsch Law
Office, P.C., represents the Debtor.  No Official Committee of
Unsecured Creditors has been appointed in the Debtor's case.  When
the Debtor filed for protection from its creditors, it estimated
assets and debts between $10 million and $50 million.


SATELLITE RECORDS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Satellite Records LLC
        259 Bowery
        New York, NY 10002

Bankruptcy Case No.: 06-12789

Type of Business: The Debtor is a record store that specializes
                  in dance music.  See
                  http://www.satelliterecords.com/

Chapter 11 Petition Date: November 25, 2006

Court: Southern District of New York (Manhattan)

Judge: Allan L. Gropper

Debtor's Counsel: Todd E. Duffy, Esq.
                  Duffy & Amedeo LLP
                  Seven Penn Plaza, Suite 420
                  New York, NY 10001
                  Tel: (212) 268-2685
                  Fax: (212) 500-7972

Total Assets: $61,904

Total Debts:  $1,059,793

Debtor's 20 Largest Unsecured Creditors:

   Entity                     Nature of Claim       Claim Amount
   ------                     ---------------       ------------
Scott Richmond                Trade debt                $150,000
333 Court Street #2
Hoboken, NJ 07030

Jonathan Kadish                                         $150,000
613 East 6th Street
New York, NY 10012

Thomas Mayer                                            $100,000
104 North 6th Street
Brooklyn, NY 11211

NYS Insurance Fund                                       $76,974

Record Industry               Trade debt                 $40,594

Windson Productions Ltd.      Trade debt                 $35,055

Syntax                        Trade debt                 $30,000

Watts Music                                              $20,672

Citrin & Cooperman            Trade debt                 $20,401

Amato                         Trade debt                 $19,059

Yoshi Toshi/ Deep Dish        Trade debt                 $18,676
Records

Q                             Trade debt                 $14,070

T.H.E./The Total Home         Trade debt                 $13,738
Entertainment

Venus                         Trade debt                 $12,079

Downtown 161                  Trade debt                 $12,000

UPS                           Trade debt                 $11,923

Discograph                    Trade debt                 $11,047

Cyber                         Trade debt                 $10,336

Justin Johnson                Trade debt                 $10,000

DBI Music                     Trade debt                 $10,000


SBARRO INC: MidOcean Partners Will Buy Company at Undisclosed Term
------------------------------------------------------------------
Sbarro Inc. has signed a definitive agreement with MidOcean
Partners LLC, a private-equity firm.

MidOcean will acquire Sbarro for an undisclosed amount.

Rob Sharp, a partner at MidOcean, said, "We were extremely pleased
that we had the exclusive opportunity to work with the Sbarro
family to complete this exciting transaction.  Sbarro is a
tremendously strong and stable brand with unique positioning in
the market.  Today, the company is poised for significant future
growth.  We are very impressed with the performance of CEO Peter
Beaudrault and his management team and we look forward to working
with them to continue to build the business globally and to
capitalize on its significant growth potential."

Mario Sbarro said, "My brothers and I are pleased to have MidOcean
and Peter Beaudrault and his management team guide Sbarro to the
future.  We are proud of the vision that our parents had over 50
years ago and the company which we built over these years.  We are
confident that the team of MidOcean and management will care for
the brand, which bears our family name."

Peter Beaudrault, president and chief executive officer of Sbarro,
is an experienced restaurant industry veteran who previously
served as President and CEO at Hard Rock Cafe International and
held senior executive positions at TGI Friday's Inc.

Since joining Sbarro in 2004, Mr. Beaudrault has successfully
implemented a strategic growth plan with his experienced and
cohesive senior management team that has driven significant
increases in sales and profitability.  Mr. Beaudrault and the
entire management team will continue in their positions after the
acquisition.

Mr. Beaudrault said, "A key to our future growth is the fact that
we have committed partners in the MidOcean team who have
significant experience in building branded consumer businesses.
The management team is pleased that we will be able to continue to
build our vision for this company with them.  In addition, we will
continue to have the creativity and vision of the founding Sbarro
family that for 50 years has made this outstanding brand
synonymous with high quality and affordable Italian cuisine."

Northpoint Advisors served as advisors to MidOcean.  Credit Suisse
and Bank of America will provide financing for the transaction.
Kirkland & Ellis LLP provided legal counsel to MidOcean.  Willkie
Farr & Gallagher LLP provided legal counsel to Sbarro.

                      About MidOcean Partners

Based in New York and London, MidOcean Partners LLC --
http://www.midoceanpartners.com/-- is a private equity firm  
focused on the middle market.  MidOcean is committed to investing
in high quality companies with stable market positions and
multiple opportunities for growth in the United States and Europe.  
Targeted sectors include consumer and leisure, media and
communications, business and financial services, and industrials.  
MidOcean utilizes a broad foundation of expertise in its focus
industries and its transatlantic platform to create value for its
investors and partners.

                         About Sbarro Inc.

Melville, New York-based Sbarro Inc. -- http://www.sbarro.com/--  
is a quick service restaurant chain that serves Italian specialty
foods.  The Company has approximately 1,000 locations across 34
countries and 11,000 employees under brand names such as
"Sbarro,", "Umberto's," and "Carmela's Pizzeria".

                           *     *     *

As reported in the Troubled Company Reporter on Nov. 9, 2006,
Moody's Investors Service held Sbarro Inc.'s Caa1 Corporate
Family Rating and Caa1 rating on the company's $255 million
Guaranteed 11% Senior Unsecured Notes due on September 2009 in
connection of the rating agency's implementation of its new
Probability-of-Default and Loss-Given-Default rating methodology.


SEA CONTAINERS: Gets GBP35.7-Million Dividend from GNER
-------------------------------------------------------
Sea Containers Ltd. received a GBP35.7 million dividend from its
railway subsidiary, Great North Eastern Railway, before Sea
Containers filed for Chapter 11 protection on Oct. 15, Mark Smith
writes for The Herald.

For the year ended Jan. 7, 2006, GNER's pre-tax profits stood at
GBP8.6 million, compared with GBP22.2 million for the same period
in 2005.

"Sea Containers' Chapter 11 status does not affect the operations
of GNER.  Sea Containers is in Chapter 11, not GNER," Lisa
Barnard, Sea Containers' director of communications was quoted by
the Herald as saying.

When asked by the Herald why GNER's pre-tax profit fell sharply,
Ms. Barnard answered, "That was the year of the July 7 (London)
bombings."

As per the accounts obtained by the Herald from the Companies
House, GNER's operating expenditure for the year ended Jan. 7,
2006, was GBP470.5 million from GBP15 million in 2005.

At 52 weeks to Jan. 7, 2006, GNER paid out a dividend of GBP8.8
million, compared with the GBP26.9 million dividend for the 53
weeks to Jan. 8, 2005.

Turnover was GBP477 million in 2006 compared with GBP475 million
in 2005.

Mr. Barnard told the Herald that she could not provide additional
information at this stage.

As reported in the Troubled Company Reporter on Aug. 15, GNER must
pay the U.K. Department for Transport GBP1.3 billion for the right
to run trains on the east coast main line until 2015.

Sea Containers agreed to stand behind a GBP30 million standby
credit facility during the term of the franchise and a GBP10
million overdraft facility to provide additional working capital
if needed.

According to the Herald, rivals like FirstGroup and Virgin Rail
were waiting for GNER to falter to take over the east coast
franchise.

Headquartered in London, United Kingdom -- Great North Eastern
Railway (GNER) Limited -- http://www.gner.co.uk/-- operates high-
speed express train services on the East Coast Main Line. Most of
their trains run between London King's Cross and either Edinburgh
Waverley or Leeds.

                    About Sea Containers

Headquartered in Hamilton, Bermuda, Sea Containers Ltd. --
http://www.seacontainers.com/-- provides passenger and freight  
transport and marine container leasing.  Registered in Bermuda,
the company has regional operating offices in London, Genoa, New
York, Rio de Janeiro, Sydney, and Singapore.  The company is
owned almost entirely by United States shareholders and its
primary listing is on the New York Stock Exchange (SCRA and
SCRB) since 1974.  On Oct. 3, the company's common shares and
senior notes were suspended from trading on the NYSE and NYSE
Arca after the company's failure to file its 2005 annual report
on Form 10-K and its quarterly reports on Form 10-Q during 2006
with the U.S. Securities and Exchange Commission.

Through its GNER subsidiary, Sea Containers Passenger Transport
operates Britain's fastest railway, the Great North Eastern
Railway, linking England and Scotland.  It also conducts ferry
operations, serving Finland and Estonia as well as a commuter
service between New York and New Jersey in the U.S.

Sea Containers Ltd. and two subsidiaries filed for chapter 11
protection on Oct. 15, 2006 (Bankr. D. Del. Case No. 06-11156).
Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor
represents the Debtors in their restructuring efforts.  When the
Debtors filed for protection from their creditors, they reported
$1.7 billion in total assets and $1.6 billion in total debts.


SKYEPHARMA PLC: Lehman Increases Holdings to 7.25%
--------------------------------------------------
SkyePharma PLC, in accordance with the Companies Act 1985, was
informed by Lehman Brothers International (Europe) of its
increased holding in the Company by 14,492,734 since their last
filing on Oct. 19, 2006.

Lehman's revised holding amounts to 54,670,736 ordinary shares,
representing 7.25% of the issued share capital of the Company.

Headquartered in London, SkyePharma PLC (Nasdaq: SKYE; LSE: SKP)
-- http://www.skyepharma.com/-- develops pharmaceutical products  
benefiting from world-leading drug delivery technologies that
provide easier-to-use and more effective drug formulations.  There
are now twelve approved products incorporating SkyePharma's
technologies in the areas of oral, injectable, inhaled and topical
delivery, supported by advanced solubilisation capabilities.

                      Going Concern Doubt

As reported in the Troubled Company Reporter on Aug. 1, 2006,
PricewaterhouseCoopers LLP in London raised substantial doubt
about Skyepharma PLC's ability to continue as a going concern
after auditing the company's financial statements for the year
ended Dec. 31, 2005.  The auditing firm pointed to the uncertainty
as to when Skyepharma's certain strategic initiatives may be
concluded and their effect on the company's working capital
requirements.


SOLANO BAKING: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Solano Baking Company, Inc.
        1160 Pitt School Road
        Dixon, CA 95620

Bankruptcy Case No.: 06-24921

Type of Business: The Debtor operates a bakery.

Chapter 11 Petition Date: November 21, 2006

Court: Eastern District of California (Sacramento)

Judge: Christopher M. Klein

Debtor's Counsel: David M. Meegan, Esq.
                  Meegan, Hanschu & Kassenbrock
                  1545 River Park Drive #550
                  Sacramento, CA 95815-4615
                  Tel: (916) 925-1800

Total Assets: $104,103

Total Debts:  $$1,187,030

Debtor's 20 Largest Unsecured Creditors:

   Entity                     Nature of Claim       Claim Amount
   ------                     ---------------       ------------
Westco Bake Mark              Trade debt                 $66,692
61101
11350 Sunrise Park Drive
Rancho Cordova, CA 95742

Washington Mutual             Trade debt                 $44,094
729073684
990 South Second Street
Coos Bay, OR 97420

City of Dixon                 Loan                       $40,000
600 East A Street             Collateral:
Dixon, CA 95620               $46,675
                              Unsecured:
                              $37,946

Dawn Food Products            Trade debt                 $33,727

Robb Ross Foods               Trade debt                 $29,621

ABS                           Trade debt                 $16,000

Savings Finders               Trade debt                 $15,089

Spectrum Properties           Trade debt                 $13,000

Bunzl Northern California     Trade debt                  $9,382

Sams Club                     Trade debt                  $8,445

The Hartford                  Trade debt                  $7,388

USAA                          Trade debt                  $7,289

Sams Club Discover            Trade debt                  $7,215

PG&E                          Trade debt                  $6,956

Ron Dupratt Ford              Trade debt                  $6,788

JBS Bake Service              Trade debt                  $6,398

Charles Lomell                Trade debt                  $6,337

George Schields Properties    Trade debt                  $5,016

Dixon Sanitary Service        Trade debt                  $4,388

Dixon Plaza                   Trade debt                  $3,348


TITANIUM METALS: Earns $54.1 Million in Quarter Ended Sept. 30
--------------------------------------------------------------
Titanium Metals Corporation reported net income of $54.1 million
for the quarter ended Sept. 30, 2006, compared with $36.2 million
for the same quarter in 2005.

Net sales during the third quarter of 2006 increased 43%, or
$81.8 million, to $271.8 million from $190 million for the third
quarter of 2005.  The increase, the Company says, was due to
increased demand for titanium across all major industry market
sectors that has driven melted and mill titanium prices to record
levels.  Average selling prices for melted and mill products have
increased 68% and 37%, respectively, over the same period in the
prior year.

Cost of sales increased $39.7 million, or 30%, in the third
quarter of 2006 as compared to the third quarter of 2005,
substantially due to higher cost of raw materials, including
purchased titanium sponge and purchased titanium scrap.

Gross margin, during the third quarter 2006, increased to
$97.8 million from $55.7 million for the same period in 2005, and
resulting gross margin percentage increased to 36% in the third
quarter of 2006 from 29% in the third quarter of 2005.

Operating income for the third quarter of 2006 increased by 63% to
$84.6 million, from $51.7 million for the same period in 2005.

                First Nine Months of 2006 Results

Net sales for the first nine months of 2006 increased by 62%, or
$330.6 million, to $859.6 million from $529 million for the first
nine months of 2005, due to increased demand for titanium.

Gross margin during the first nine months of 2006 increased 136%
to $312.4 million compared to the same period in 2005.  Gross
margin percentage increased to 36% in the first nine months of
2006 from 25% in the first nine months of 2005.

Operating income for the first nine months of 2006 increased by
153% to $273.3 million from $108 million for the same period in
2005, and operating income percentage increased to 32% in the
first nine months of 2006 from 22% in the first nine months of
2005.

                      European operations

The Company disclosed that approximately 36% of its sales
originated in Europe for the nine months ended Sept. 30, 2006, of
which approximately 53% were denominated in the British pound
sterling or the euro.  Certain purchases of raw materials,
principally titanium sponge and alloys, for our European
operations are denominated in U.S. dollars, while labor and other
production costs are primarily denominated in local currencies.

The Company also disclosed that it does not use currency contracts
to hedge its currency exposures.  At Sept. 30, 2006, its
consolidated assets and liabilities denominated in currencies
other than functional currencies were approximately $84.5 million
and $65.5 million, respectively, consisting primarily of U.S.
dollar cash, accounts receivable and accounts payable.

                            Outlook

At Sept. 30, 2006 the Company's backlog was at $1 billion,
compared to $870 million at Dec. 31, 2005 and $710 million at
Sept. 30, 2005.  

The Company anticipates full year 2006 net sales revenue to range
from $1.1  billion to $1.2  billion and full year 2006 operating
income to range from $350 million to $365 million.

Headquartered in Denver, Colorado, Titanium Metals Corporation
(NYSE: TIE) -- http://www.timet.com/-- is a worldwide producer of   
titanium metal products.

                           *     *     *

Moody's Investors Services placed a Caa1 issuer rating and B3 LT
Corp Family Rating on Titanium Metals.


TOWER RECORDS: Creditors Can File Proofs of Claim Until Jan. 21
---------------------------------------------------------------
The Honorable Brendan L. Shannon of the U.S. Bankruptcy Court
for the District of Delaware fixed Jan. 21, 2007, as the last day
for persons owed money by MTS Inc. dba Tower Records and its
debtor-affiliates to file proofs of claim against the Debtors.

The Jan. 21 Bar Date applies to:

   -- entities other than governmental units holding claims that
      arose prior to Aug. 20, 2006; and

   -- entities asserting administrative expense claims against
      the Debtors arising or accruing on or before Nov. 1, 2006.

Governmental units have until Feb. 16, 2007, to file their proofs
of claim.

All entities who disagree with any amendment to the Debtors'
schedules must file their proofs of claim on or before the later
of:

   (i) Jan. 21, 2007; and

  (ii) 20 days after the date that notice of the applicable
       amendment to the schedules is served on the claimant.

Holders of claims arising from the Bankruptcy Court-approved
rejection of executory contracts or unexpired leases must
file their proofs of claim on or before the later of:

   (a) Jan. 21, 2007; and

   (b) 30 days after the date of the applicable rejection order.

Proofs of claims must be received on or before the applicable bar
date by the Debtor's claims agent at this address:

     Three A's Holdings LLC
     c/o Omni Management Group LLC
     Claims Agent
     16161 Ventura Boulevard
     PMB 617
     Encino, CA 91436

Headquartered in West Sacramento, California, MTS, Inc., dba Tower
Records -- http://www.towerrecords.com/-- is a retailer of music  
in the U.S., with nearly 100 company-owned music, book, and video
stores.  The Company and its affiliates previously filed for
chapter 11 protection on Feb. 9, 2004 (Bankr. D. Del. Lead Case
No. 04-10394).  The Court confirmed the Debtors' plan on March 15,
2004.

The Company and seven of its affiliates filed their second
voluntary chapter 11 petition on Aug. 20, 2006 (Bankr. D. Del.
Case Nos. 06-10886 through 06-10893).  Richards, Layton & Finger,
P.A. and O'Melveny & Myers LLP represent the Debtors.  The
Official Committee of Unsecured Creditors is represented by
McGuirewoods LLP and Cozen O'Connor.  When the Debtors filed for
protection from their creditors, they estimated assets and debts
of more than $100 million.  The Debtors' exclusive period to file
a chapter 11 plan expires on Dec. 18, 2006.


TOWER RECORDS: Files Schedules of Assets and Liabilities
--------------------------------------------------------
MTS Incorporated, dba Tower Records and its debtor-affiliates,
delivered their schedules of assets and liabilities to the U.S.
Bankruptcy Court for the District of Delaware, disclosing:

     Name of Schedule                Assets         Liabilities
     ----------------                ------         -----------
  A. Real Property                 $13,532,000
  B. Personal Property            $299,748,081
  C. Property Claimed
     as Exempt
  D. Creditors Holding
     Secured Claims                                $151,706,635
  E. Creditors Holding
     Unsecured Priority Claims                         $372,275
  F. Creditors Holding
     Unsecured Nonpriority
     Claims                                        $132,925,351
                                  ------------     ------------
     Total                        $313,280,081    [$285,004,261]

A full-text copy of the Debtors' 603-page list of their schedules
is available for a fee at:

  http://www.researcharchives.com/bin/download?id=061124034432

Headquartered in West Sacramento, California, MTS, Inc., dba Tower
Records -- http://www.towerrecords.com/-- is a retailer of music  
in the U.S., with nearly 100 company-owned music, book, and video
stores.  The Company and its affiliates previously filed for
chapter 11 protection on Feb. 9, 2004 (Bankr. D. Del. Lead Case
No. 04-10394).  The Court confirmed the Debtors' plan on March 15,
2004.

The Company and seven of its affiliates filed their second
voluntary chapter 11 petition on Aug. 20, 2006 (Bankr. D. Del.
Case Nos. 06-10886 through 06-10893).  Richards, Layton & Finger,
P.A. and O'Melveny & Myers LLP represent the Debtors.  The
Official Committee of Unsecured Creditors is represented by
McGuirewoods LLP and Cozen O'Connor.  When the Debtors filed for
protection from their creditors, they estimated assets and debts
of more than $100 million.  The Debtors' exclusive period to file
a chapter 11 plan expires on Dec. 18, 2006.     


UNIVERSITY HEIGHTS: U.S. Trustee Unable to Form Creditors Panel
---------------------------------------------------------------
Diana G. Adams, Acting U.S. Trustee for Region 2, tells the U.S.
Bankruptcy Court for the Northern District of New York that she is
unable to appoint an Official Committee of Unsecured Creditors in
University Heights Association, Inc.'s chapter 11 case.

The Trustee relates that despite her efforts to contact unsecured
creditors listed in the debtor's List of Creditors Holding 20
Largest Unsecured Claims, there was an insufficient number of
creditors willing to serve on a committee.

Headquartered in Albany, New York, University Heights Association
Inc. -- http://www.universityheights.org/-- is composed of four
educational institutions that aim to enhance the economic vitality
and quality of life of its immediate community.  The company filed
for chapter 11 protection on Feb 13, 2006 (Bankr. N.D.N.Y. Case
No. 06-10226).  Judge Littlefield dismissed the Debtor's chapter
11 case due to bad faith filing.  On Oct. 12, 2006, the Debtor
filed a chapter 22 petition (Bankr. N.D.N.Y. Case No. 06-12672).  
Francis J. Smith, Esq., at McNamee, Lochner, Titus & Williams, PC,
represents the Debtor in its second chapter 11 bankruptcy
proceeding.  When the Debtor filed its second bankruptcy,  it
estimated assets and liabilities between $10 million and
$50 million.


WHEELING-PITTSBURG: Election of New Board May Cause Default
-----------------------------------------------------------
Wheeling-Pittsburgh Corporation disclosed that a replacement of a
majority of its board of directors effectively constitutes a
change of control under its $250 million Term Loan Agreement and
$225 million Revolver, and would cause a default on the loans.

The Company disclosed that if a default occurs, the indebtedness
would become immediately due and payable.

"We have reviewed the results of the voting for the election of
directors at the Annual Meeting of Shareholders," James G.
Bradley, chairman and chief executive officer, announced.  "Based
on preliminary figures available, we expect the Esmark slate will
be certified as the new Board, following verification by our
independent inspector of elections."

On July 17, 2006, The Bouchard Group LLC and Esmark Incorporated
announced that they plan to seek the election of a new slate of
directors at WPC's 2006 annual meeting.  On Oct. 19, 2006, Esmark
filed a definitive proxy statement for the election of their
proposed director nominees.  Esmark stated that, if it is
successful in the election of its nominees to the WPC board of
directors, it intends to present a proposal to the WPC board of
directors to merge Esmark with WPC.

                         About Esmark Inc.

Founded by James P. Bouchard and Craig T. Bouchard, Esmark Inc.
provides steel services that combines the economic and strategic
firepower of Ferrostaal, Mars Industries, and Meda Steel with the
vision, industry knowledge, and financial expertise of the
Bouchard Group.  Esmark distributes and provides value-added steel
products to approximately 2,000 core customers in the Midwest.  
The Company has acquired nine steel companies since it was formed
in 2003, focusing on older, established companies.

                     About Wheeling-Pittsburgh

Based in Wheeling, West Virginia, Wheeling-Pittsburgh Corporation
is a holding company that, together with its several subsidiaries
and joint ventures, produces steel and steel products using both
integrated and electric arc furnace technology, with major
production facilities in the Upper Ohio and Monongahela valleys.  
The Company has slab making production capacity of 2.8 million
short tons and hot rolling capacity of 3.4 million short tons.


XS NRG: Voluntary Chapter 11 Case Summary
-----------------------------------------
Debtor: XS NRG Children's Sports & Fitness, Inc.
        aka Aerial Works Gymnastics
        aka Aerial Works
        aka Team Works USA
        5009 Martin Drive
        Rowlett, TX 75088

Bankruptcy Case No.: 06-35084

Type of Business: The Debtor provides recreational and
                  competitive gymnastics, cheerleading,
                  and related sports training.  See
                  http://www.aerialworksgymnastics.com/

Chapter 11 Petition Date: November 24, 2006

Court: Northern District of Texas (Dallas)

Judge: Northern District of Texas (Dallas)

Debtor's Counsel: Eric A. Liepins, Esq.
                  Eric A. Liepins, P.C.
                  12770 Coit Road, Suite 1100
                  Dallas, TX 75251
                  Tel: (972) 991-5591
                  Fax: (972) 991-5788

Estimated Assets: Less than $10,000

Estimated Debts:  $1 Million to 4100 Million

The Debtor did not file a list of its 20 Largest Unsecured
Creditors.


* Large Companies with Insolvent Balance Sheets
-----------------------------------------------  

                                Total  
                                Shareholders  Total     Working  
                                Equity        Assets    Capital  
Company                 Ticker  ($MM)          ($MM)     ($MM)  
-------                 ------  ------------  -------  --------  
Abraxas Petro           ABP         (20)         118       (3)
Achillon Pharmac.       ACHN          3           19        7
Acorda Therapeut.       ACOR         (8)          40        5
AFC Enterprises         AFCE        (39)         157        4
Alaska Comm Sys         ALSK        (25)         566       26
Alliance Imaging        AIQ         (18)         674       30
AMR Corp.               AMR        (514)      30,128   (1,202)
Armstrong World         AWI      (1,197)       4,721    1,132
Atherogenics Inc.       AGIX       (136)         197      146
Aventine Renewab.       AVR         301          383      224
Bare Essentials         BARE       (619)         139       42
Biomarin Pharmac        BMRN        122          467      296
Blount International    BLT        (107)         441      121
CableVision System      CVC      (5,400)       9,776     (400)
Centennial Comm         CYCL     (1,062)       1,434       33
Cenveo Inc              CVO          34          993      140
Choice Hotels           CHH         (78)         286      (48)
Cincinnati Bell         CBB        (679)       1,889       55
Clorox Co.              CLX         (55)       3,539      (20)
Columbia Laborat        CBRX          7           28       22
Compass Minerals        CMP         (74)         671      145
Corel Corp.             CRE         (22)         113       11
Crown Media HL          CRWN       (449)         917      190
Deluxe Corp             DLX         (68)       1,296     (188)
Denny's Corporation     DENN       (231)         454      (73)
Domino's Pizza          DPZ        (592)         360      (20)
Echostar Comm           DISH       (365)       9,351    1,696
Emeritus Corp.          ESC        (115)         713      (34)
Emisphere Tech          EMIS          6           35       12
Empire Resorts I        NYNY        (25)          61       (2)
Encysive Pharm          ENCY        (88)          69       33
Foster Wheeler          FWLT         42        2,302       20
Gencorp Inc.            GY          (98)       1,017       (3)
Graftech International  GTI        (157)         875      253
H&E Equipment           HEES        214          733      (20)
Hansen Medical          HNSN        (32)          38       33
HealthSouth Corp.       HLS      (1,339)       3,310     (314)
Hercules Inc.           HPC         (90)       2,544      187
I2 Technologies         ITWO        (46)         208        1
ICOS Corp               ICOS        (18)         285      111
IMAX Corp               IMAX        (21)         244       33
Immersion Corp          IMMR        (22)          47       31
Incyte Corp             INCY        (66)         465      295
Indevus Pharma          IDEV       (147)          79       35
J Crew Group Inc.       JCG         (55)         414      128
Kaiser Aluminum         KALU     (3,105)       1,598      123
Koppers Holdings        KOP         (86)         637      148
Labopharm Inc.          DDS          88          134       98
Level 3 Comm. Inc.      LVLT        562        9,343      843
Ligand Pharm            LGND       (238)         232     (162)
Linn Energy LLC         LINE        157          844       42
Lodgenet Entertainment  LNET        (62)         269       18
McDermott Int'l         MDR         243        3,511      184
McMoran Exploration     MMR         (38)         438      (46)
Morgans Hotel           MHGC        146          756       45
New River Pharma        NRPH        (65)         170      135
Nighthawk Radiol.       NHWK         98          109       82
Northwest Airlines      NWACQ    (6,731)      13,635        5
NPS Pharm Inc.          NPSP       (182)         237      150
Omnova Solutions        OMN          (2)         366       72
ON Semiconductor        ONNN         (1)       1,417      316
Osiris Therapeut.       OSIR         23           61       26
Portal Software         PRSF        (20)         112      (14)
Quality Distrib.        QLTY         29          419       75
Qwest Communication     Q        (2,576)      21,114   (1,569)
Riviera Holdings        RIV         (29)         222       10
Rural Cellular          RCCC       (540)       1,410      165
Rural/Metro Corp.       RURL        (89)         305       51
Savvis Inc.             SVVS       (142)         442       16
Sealy Corp.             ZZ         (188)         933       89
Sepracor Inc.           SEPR        (33)       1,352      424
St. John Knits Inc.     SJKI        (52)         213       80
Sun Healthcare          SUNH         10          523      (45)
Sun-Times Media         SVN        (322)         905     (383)
Tivo Inc.               TIVO        (32)         132       10
Town Sports Inte.       CLUB        (25)         417      (55)
Traffic.Com Inc         TRFC         16           64       26
UAL Corp.               UAUA      2,445       25,863     (710)
Unisys Corp.            UIS       1,128        5,042      361
Uranium Res. Inc.       URRE         38           47       24
USG Corp.               USG       1,551        6,363       48
Vertrue Inc.            VTRU         (9)         441      (75)
Visicu Inc.             EICU        100          151      101
Warrior Energy          WARR         68          147       (4)
Weight Watchers         WTW        (103)         935      (72)
Worldspace Inc.         WRSP     (1,574)         604      140
WR Grace & Co.          GRA        (480)       3,641      902

                             *********

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 $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
Wednesday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

On Thursdays, the TCR delivers a list of recently filed chapter 11
cases involving less than $1,000,000 in assets and liabilities
delivered to nation's bankruptcy courts.  The list includes links
to freely downloadable images of these small-dollar petitions in
Acrobat PDF format.

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/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                             *********

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 is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Marie Therese V. Profetana, Robert Max Victor M. Quiblat II,
Shimero R. Jainga, Joel Anthony G. Lopez, Melvin C. Tabao, Rizande
B. Delos Santos, Cherry A. Soriano-Baaclo, Ronald C. Sy, Jason A.
Nieva, Lucilo M. Pinili, Jr., Tara Marie A. Martin, and Peter A.
Chapman, Editors.

Copyright 2006.  All rights reserved.  ISSN: 1520-9474.

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 subscription rate is $725 for 6 months 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
$25 each.  For subscription information, contact Christopher Beard
at 240/629-3300.

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