TCR_Public/100102.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Saturday, January 2, 2010, Vol. 14, No. 1

                            Headlines

ACCENTIA BIOPHARMA: Ends November With $4,521 Cash
ACCENTIA BIOPHARMA: Biovest Int'l Files November Operating Report
ASYST TECHNOLOGIES: Posts $424,186 Net Loss in November
AURORA OIL: Posts $2,179,944 Net Loss in November
BEARINGPOINT INC: Earns $38.9 Million in November

CAPE FEAR: Posts $24,662 Net Loss in October
CARITAS HEALTH: Earns $928,354 in November
COOPER-STANDARD: CSA FHS Reports $3.19 Mil. Income for November
COOPER-STANDARD: CSA Inc. Reports $2.32 Mil. Income for November
COOPER-STANDARD: CSA OH Reports $3.1 Mil. Income for November

EDDIE BAUER: Files November 2009 Operating Report
EXTENDED STAY: Reports $31.25 Mil. Net Loss for November
FLEETWOOD ENTERPRISES: Posts $9.5MM Net Loss From Oct. 26-Nov. 22
FONTAINEBLEAU LV: Has $159.3 Mil. Cash at November 30
GOODY'S LLC: Posts $560,616 Net Loss in October

GOTTSCHALKS INC: Posts $358,000 Net Loss from November 1 - 28
LANDAMERICA FIN'L: Reports $7,870,000 Net Loss for October
LEHMAN BROTHERS: Has $221.43 Billion in Assets at June 30
LTV CORP: Ends November 2009 With $9,875,000 Cash
MUZAK HOLDINGS: Reports $9.3 Mil. Net Loss for November

NORTEL NETWORKS: Earns $64 Million in Month Ended November 28
OPUS WEST: Records $23.2 Million Profit for November
PAPER INTERNATIONAL: Ends November With $191,996 Cash
PFF BANKCORP: Posts $320,657 Net Loss in November
PROTOSTAR LTD: Posts $3.3 Million Net Loss in November

PROTOSTAR LTD: ProtoStar I Posts $5.3 Million Net Loss in November
PROTOSTAR LTD: ProtoStar II Posts $706,259 Net Loss in November
RATHGIBSON INC: Reports $375,500 EBITDA in November
READER'S DIGEST: Reports $10,000,000 Net Income for November
SILICON GRAPHICS: Ends November With $1,900,658 Cash

SPANSION INC: Records $213,946 Loss for Month Ended Nov. 22
SPANSION INC: Spansion LLC Records $3 Mil. Profit for November
THORNBURG MORTGAGE: Ends November With $27,677,968 Cash
TRIBUNE CO.: Holds $1.34 Billion Cash on Nov. 22
TRONOX INC: Incurs $11.9 Million Net Loss for November

VERMILLION INC: Posts $612,687 Net Loss in November
WHITE ENERGY: Turns $2.9 Million Net Profit in October
YOUNG BROADCASTING: Reports $4.8 Million November Profit

                            *********

ACCENTIA BIOPHARMA: Ends November With $4,521 Cash
--------------------------------------------------
On December 21, 2009, Accentia Biopharmaceuticals, Inc., and
certain of its affiliates filed their unaudited combined monthly
operating report for the period November 1, 2009, through
November 30, 2009, with the United States Bankruptcy Court for
the Middle District of Florida, Tampa Division.

Their schedule of receipts and disbursements for November 2009,
showed:

    Funds at beginning of period            ($8,033)
    Total Receipts                         $231,040
    Total Funds Available for Operations   $223,007
    Total Disbursements                    $218,485
    Funds at November 30, 2009              $4,521

A full-text copy of the Debtors' monthly operating report for
November 2009 is available at no charge at:

             http://researcharchives.com/t/s?4c62

On November 24, 2009, the Debtors filed their monthly operating
report for the month of October.  The Debtors ended October with
($8,033) cash.  Beginning cash was $3,516.

A full-text copy of the Debtors' monthly operating report for
October 2009 is available at no charge at:

               http://researcharchives.com/t/s?4c63

Headquartered in Tampa, Florida, Accentia BioPharmaceuticals Inc.
(Nasdaq: ABPI) -- http://www.accentia.net/--is biopharmaceutical
company focused on the development and commercialization of drug
candidates that are in late-stage clinical development and
typically are based on active pharmaceutical ingredients that have
been previously approved by the FDA for other indications.  The
Company's lead product candidate is SinuNase(TM), a novel
application and formulation of a known therapeutic to treat
chronic rhinosinusitis.

The Company has acquired the majority ownership interest in
Biovest International Inc. and a royalty interest in Biovest's
lead drug candidate, BiovaxID(TM) and any other biologic products
developed by Biovest.  The Company also has a specialty
pharmaceutical business, which markets products focused on
respiratory disease and an analytical consulting business that
serves customers in the biopharmaceutical industry.

Accentia BioPharmaceuticals and nine affiliates filed for Chapter
11 protection on November 10, 2008 (Bankr. M.D. Fla., Lead Case
No. 08-17795).  Charles A. Postler, Esq., and Elena P. Ketchum,
Esq., at Stichter, Riedel, Blain & Prosser, in Tampa, Florida; and
Jonathan B. Sbar, Esq., at Rocke, McLean & Sbar, P.A., represent
the Debtors as counsel.  Attorneys at Olshan Grundman Frome
Rosenzweig, and Genovese Joblove & Battista PA, represent the
official committee of unsecured creditors.  The Debtors said
assets totalled $134,919,728 while debts were $77,627,355 as of
June 30, 2008.


ACCENTIA BIOPHARMA: Biovest Int'l Files November Operating Report
-----------------------------------------------------------------
Biovest International Inc. and certain of its debtor-affiliates
filed with the U.S. Bankruptcy Court for the Middle District of
Florida, Tampa Division on December 21, 2009, their unaudited
combined monthly operating report for the period November 1, 2009,
through November 30, 2009.

Their schedule of receipts and disbursements for November 2009
showed:

   Funds at beginning of period             $4,149
   Total Receipts                         $238,410
   Total Funds Available for Operations   $242,559
   Total Disbursements                    $236,043
   Funds at November 30, 2009               $5,516

A full-text copy of Biovest International Inc. and its debtor-
affiliates' monthly operating report for November 2009 is
available for free at http://researcharchives.com/t/s?4c65  

On November 24, 2009, the Debtors filed their monthly operating
report for the month of October.  The Debtors ended October with
$4,149 cash.  Beginning cash was $204,903.

A full-text copy of the Debtors' monthly operating report for
October 2009 is available at no charge at:

               http://researcharchives.com/t/s?4c66

Headquartered in Tampa, Florida, Accentia BioPharmaceuticals Inc.
(Nasdaq: ABPI) -- http://www.accentia.net/--is biopharmaceutical
company focused on the development and commercialization of drug
candidates that are in late-stage clinical development and
typically are based on active pharmaceutical ingredients that have
been previously approved by the FDA for other indications.  The
Company's lead product candidate is SinuNase(TM), a novel
application and formulation of a known therapeutic to treat
chronic rhinosinusitis.

The Company has acquired the majority ownership interest in
Biovest International Inc. and a royalty interest in Biovest's
lead drug candidate, BiovaxID(TM) and any other biologic products
developed by Biovest.  The Company also has a specialty
pharmaceutical business, which markets products focused on
respiratory disease and an analytical consulting business that
serves customers in the biopharmaceutical industry.

Accentia BioPharmaceuticals and nine affiliates filed for Chapter
11 protection on November 10, 2008 (Bankr. M.D. Fla., Lead Case
No. 08-17795).  Charles A. Postler, Esq., and Elena P. Ketchum,
Esq., at Stichter, Riedel, Blain & Prosser, in Tampa, Florida; and
Jonathan B. Sbar, Esq., at Rocke, McLean & Sbar, P.A., represent
the Debtors as counsel.  Attorneys at Olshan Grundman Frome
Rosenzweig, and Genovese Joblove & Battista PA, represent the
official committee of unsecured creditors.  The Debtors said
assets totalled $134,919,728 while debts were $77,627,355 as of
June 30, 2008.


ASYST TECHNOLOGIES: Posts $424,186 Net Loss in November
-------------------------------------------------------
Asyst Technologies, Inc., on December 21, 2009, filed with the
United States Bankruptcy Court for the Northern District of
California in Oakland a monthly operating report for the period
ended November 30, 2009.

As of September 1, 2009, the Company concluded the sale of all
U.S. assets related to Fab Automation, Connectivity Software and
AMHS.  The Company has ceased all commerical business operations
effective September 1, 2009.

Asyst posted a net loss of $424,186 for the month of November
2009.  

Asyst has incurred a net loss of $48,809,515 since filing for
bankruptcy.

At November 30, 2009, Asyst had $18,358,190 in total assets,  
$9,480,234 in total liabilities, and $8,877,956 in total equity.

During November, payments of $252,117 were issued to  
professionals, all of which related to restructuring
professionals.

A full-text copy of the Company's monthly operating report is
available at no charge at http://researcharchives.com/t/s?4c68  

Headquartered in Fremont, California, Asyst Technologies, Inc. --
http://www.asyst.com/-- is a leading provider of integrated
automation solutions primarily for the semiconductor and flat
panel display manufacturing industries.  The Company is the parent
company of seven subsidiaries located in various jurisdictions
worldwide.  Principally, the Company is the owner of a non-
operating holding company organized under the laws of Japan, Asyst
Technologies Holdings Company, Inc.  Asyst Japan Holdings in turn
owns the operating company Asyst Technologies Japan, Inc.

The Company filed for Chapter 11 on April 20, 2009 (Bankr. N.D.
Calif. Case No. 09-43246).  Ali M.M. Mojdehi, Esq., Janet D.
Gertz, Esq., and Rayla Dawn Boyd, Esq., at the Law Offices of
Baker and McKenzie, serve as the Debtor's bankruptcy counsel.
Epiq Bankruptcy Solutions LLC is the Debtors' notice and claims
agent.  AlixPartners, LLP  serves as financial advisor.  Andrew I.
Silfen, Esq., Mette H. Kurth, Esq., Michael S. Cryan, Esq., and
Schuyler G. Carroll, Esq., at Arent Fox LLP, represent the
official committee of unsecured creditors.  As of December 31,
2008, Asyst had total assets of $295,782,000 and total debts of
$315,364,000.

The Company's Japanese subsidiaries, Asyst Technologies Holdings
Company, Inc., and Asyst Technologies Japan, Inc., entered into
related voluntary proceedings under Japan's Corporate
Reorganization Law (Kaisha Kosei Ho) on April 20, 2009.  Kosei
Watanabe was appointed as Trustee of Asyst Japan Holdings and ATJ.


AURORA OIL: Posts $2,179,944 Net Loss in November
-------------------------------------------------
Aurora Oil & Gas Corporation and its subsidiary, Hudson Pipeline &
Processing Co., LLC, filed with the U.S. Bankruptcy Court for the
Western District of Michigan on December 18, 2009, their monthly
operating reports for November 2009.

As reported in the Troubled Company Reporter on December 16, 2009,
the U.S. Bankruptcy Court for the Western District of Michigan
entered an order confirming the Debtors' modified first amended
joint plan of reorganization under the Bankruptcy Code, as filed
with the Bankruptcy Court on November 5, 2009.  

Aurora Oil posted a net loss of $2,179,944 on total revenues of
$1,128,583 for the month of November.

For the one and eleven months ended November 30, 2009,
approximately $900,000 and $7.7 million, respectively was incurred
for restructuring/debt services and bankruptcy legal and
consulting services.  Of the $900,000 and $7.7 million, $500,000
and $3.7 million, respectively was incurred on behalf of the
creditors.

As of November 30, 2009, Aurora Oil had $97,847,549 in total
assets and $148,815,294 in total liabilities.

A full-text copy of Aurora Oil's November operating report is
available at no charge at http://researcharchives.com/t/s?4c69  

Hudson Pipeline reported net income of $80,986 on total revenues
of $326,528 in November.  As of November 30, 2009, Hudson Pipeline
had $11,718,195 in total assets against $356,200 in total current
liabilities and $217,079 in long-term liabilities.

A full-text copy of Hudson Pipeline's November operating report
is available at no charge at http://researcharchives.com/t/s?4c6a  

                      About Aurora Oil & Gas

Based in Traverse City, Michigan, Aurora Oil & Gas Corporation
(Pink Sheets: AOGS) is an independent energy company focused on
unconventional natural gas exploration, acquisition, development
and production, with its primary operations in the Antrim Shale of
Michigan, the New Albany Shale of Indiana and Kentucky.

The Company and one affiliate filed for Chapter 11 protection on
July 12, 2009 (Bankr. W.D. Mich. Case Nos. 09-08254 and 09-08255).
Judge Scott W. Dales presides over the case.  Stephen B. Grow,
Esq., at Warner Norcross & Judd, LLP, in Grand Rapids, Michigan;
and Joel H. Levitin, Esq., and Richard A. Stieglitz, Jr., at
Cahill Gordon & Reindel LLP, in New York, serve as the Debtors'
counsel.  Aurora listed between $100 million and $500 million each
in assets and debts.


BEARINGPOINT INC: Earns $38.9 Million in November
-------------------------------------------------
On November 30, 2009, BearingPoint, Inc., and certain of its
domestic U.S. subsidiaries filed their unaudited monthly operating
report for the month ended October 31, 2009, with the United
States Bankruptcy Court for the Southern District of New York.

BearingPoint reported net income of $38.9 million on revenue of
$689,000 for the month of November.  Results include income from
discontinued operations of $53.1 million.

At November 30, 2009, BearingPoint had $769.2 million in total
assets and $1.774 billion in total liabilities.

Since filing for bankruptcy on February 18, 2009, the Company has
completed the sales of substantially all of its businesses and
assets to a number of parties and is pursuing sales of its
remaining businesses and assets.  As a result, the Company filed
the second amended joint plan under Chapter 11 of the Bankruptcy
Code, which was subsequently modified by the modified second
amended joint plan under Chapter 11 of the Bankruptcy Code, dated
December 17, 2009, and a proposed disclosure statement related to
the Plan with the Bankruptcy Court on October 5, 2009.  On
November 4, 2009, the Bankruptcy Court approved the Disclosure
Statement.

On December 22, 2009, the Bankruptcy Court entered an order
confirming the Plan.  The Company anticipates that the effective
date of the Plan will be on or about December 29, 2009.

A full-text copy of the operating report is available at no charge
at http://researcharchives.com/t/s?4c61

                     About BearingPoint Inc.

BearingPoint, Inc. -- http://www.BearingPoint.com/-- was one of
the world's largest providers of management and technology
consulting services to Global 2000 companies and government
organizations in more than 60 countries worldwide.

BearingPoint, Inc., fka KPMG Consulting, Inc., together with its
units, filed for Chapter 11 protection on February 18, 2009
(Bankr. S.D.N.Y., Case No. 09-10691).  The Debtors' legal advisor
is Weil, Gotshal & Manges, LLP, their restructuring advisor is
AlixPartners LLP, and their financial advisor and investment
banker is Greenhill & Co., LLC. Jeffrey S. Sabin, Esq., at Bingham
McCutchen LLP represents the Creditors' Committee.  Garden City
Group serves as claims and notice agent.

BearingPoint disclosed total assets of $1.655 billion and debts
of $2.201 billion as of December 31, 2008.

On the petition date, BearingPoint filed a Chapter 11 plan of
reorganization negotiated with lenders prepetition.  BearingPoint,
however, changed course and has instead pursued a sale of its
units, after determining that creditor recoveries would be
maximized through sales of the businesses.  BearingPoint Inc. is
presently soliciting votes for the liquidating Chapter 11 plan.
The confirmation hearing is scheduled for December 17.


CAPE FEAR: Posts $24,662 Net Loss in October
--------------------------------------------
Cape Fear Bank Corporation filed with the U.S. Bankruptcy Court
for the Eastern District of North Carolina on November 5, 2009,
its monthly report for September 2009.  On December 8, 2009, the
Company filed with the Bankruptcy Court its monthly operating
report for October 2009.

Cape Fear reported a net loss of $24,662 for the month of October
2009.

At October 31, 2009, the Company had $1,065,450 in total assets
and $10,484,699 in total liabilities.  The Company ended October  
with $527,338 in cash.

A full-text copy of the October report is available at no charge
at http://researcharchives.com/t/s?4cb8

Cape Fear reported a net loss of $59,360 for the month of
September 2009.

At September 30, 2009, the Company had $1,090,112 in total assets
and $10,484,699 in total liabilities.  The Company ended September
with $367,124 in cash.

A full-text copy of the September report is available at no charge
at http://researcharchives.com/t/s?4cb7  

As reported in the Troubled Company Reporter on December 28, 2009,  
the Bankruptcy Court has confirmed the Company's First Amended
Plan of Liquidation.  Under the Plan each pre-petition executory
contract or unexpired lease which was not otherwise rejected,
assumed or assigned during the Debtor's Chapter 11 case will be
deemed rejected by the Debtor as of the effective date, unless
otherwise assumed.

Plan documents state, "The Debtor initiated this Chapter 11 case
in an effort to wind down its operations under the supervision of
the Court, and bring all claims and potential claimants to one
forum so that all assets could be distributed to all known and
unknown claimants.  The Debtor's Plan proposes to distribute its
assets pro rata to all of its creditors, in accordance with the
priorities of claims, the priorities of the Bankruptcy Code, and
any Final Orders entered by the Court.  The Debtor's current board
of directors and officers will continue to manage the Debtor's
affairs until such time as the Debtor's Plan is consummated."

Cape Fear Bank Corp.'s primary asset consisted of its stock in
Cape Fear Bank, which was lost after the FDIC was appointed as the
receiver for the bank.

                       About Cape Fear Bank

Based in Raleigh, North Carolina, Cape Fear Bank Corporation, fdba
Bank of Wilmington Corporation, filed for Chapter 11 bankruptcy
protection on June 23, 2009 (Bankr. E.D.N.C. Case No. 09-05179).
Judge J. Rich Leonard presides over the case.  Trawick H. Stubbs,
Jr., Esq., at Stubbs & Perdue, P.A., in New Bern, North Carolina,
serves as the Debtor's counsel.  In its petition, the Debtor
disclosed $473,852 in total assets and $10,560,000 in total debts

Cape Fear Bank was closed April 10, 2009, by the North Carolina
Office of Commissioner of Banks, which then appointed the Federal
Deposit Insurance Corporation as receiver.  To protect the
depositors, the FDIC entered into a purchase and assumption
agreement with First Federal Savings and Loan Association of
Charleston, Charleston, South Carolina, to assume all of the
deposits of Cape Fear Bank.


CARITAS HEALTH: Earns $928,354 in November
------------------------------------------
On December 21, 2009, Carital Health Care, Inc., filed a monthly
operating report for the period ended November 30, 2009, with the
U.S. Bankruptcy Court for the Eastern District of New York.

The Company reported net income of $928,354 for the month ended
November 30, 2009.  Results for November include a gain from sale
of equipment of $2,428,634.  

At November 30, 2009, the Company had $40,837,937 in total assets
and $169,259,612 in total liabilities.

A full-text copy of Caritas Health's operating report for the
month ended November 30, 2009, is available for free at:

      http://bankrupt.com/misc/caritashealth.novembermor.pdf

On November 23, 2009, Carital Health Care, Inc., filed a monthly
operating report for the period ended October 31, 2009, with the
U.S. Bankruptcy Court for the Eastern District of New York.

The Company reported a net loss of $1,356,234 for the month ended
October 31, 2009.  Reorganization expenses totaled $418,219 for
the period.

At October 31, 2009, the Company had $55,147,425 in total assets
and $185,345,827 in total liabilities.

A full-text copy of Caritas Health's operating report for the
month ended October 31, 2009, is available for free at:

      http://bankrupt.com/misc/caritashealth.octobermor.pdf

                  About Caritas Health Care Inc.

Caritas Health Care Inc. is the owner of Mary Immaculate Hospital
and St. John's Queens Hospital.  Caritas, created by Wyckoff
Heights Medical Center, purchased the two hospitals in a
bankruptcy sale in early 2007 from St. Vincent Catholic Medical
Centers of New York.  St. John's has 227 generate acute-care beds
while Mary Immaculate has 189.

Caritas Health Care and eight of its affiliates filed for Chapter
11 on February 6, 2009 (Bankr. E.D. N.Y., Lead Case No. 09-40901).
Adam T. Berkowitz, Esq., at Proskauer Rose LLP, has been tapped as
counsel.  JL Consulting LLC is the Debtors' restructuring
advisors.  Caritas in its bankruptcy petition estimated assets of
$50 million to $100 million, and debts of $100 million to
$500 million.


COOPER-STANDARD: CSA FHS Reports $3.19 Mil. Income for November
---------------------------------------------------------------
           Cooper-Standard Automotive FHS Inc.
                 Unaudited Balance Sheet
                 As of November 30, 2009

ASSETS
Current Assets
Cash and cash equivalents                             $629,262
Account receivable, net                             24,916,940
Inventories, net                                     9,899,092
Prepaid expenses                                        71,492
Intercompany receivable                             76,511,184
Others                                                       -
                                                 --------------
Total current assets                               112,027,970

Property, plant and equipment, net                   38,395,157
Goodwill                                                      -
Intangibles, net                                        647,083
Intercompany investments                              2,405,255
Long-term intercompany receivable                             -
Other assets                                              8,832
                                                 --------------
Total assets                                       $153,484,297
                                                 ==============

LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

Liabilities not subject to compromise:
Current liabilities:
Debt Payable within One Year                                 -
Accounts payable                                     6,763,647
Payroll liabilities                                    957,618
Accrued liabilities                                  1,448,146
Intercompany payable                                         -
                                                 --------------
Total current liabilities                             9,169,411

Long-term debt                                                -
Pension benefits                                              -
Post-retirement benefits other than pensions                  -
Deferred tax liabilities                              5,853,239
Other long-term liabilities                             204,722
Liabilities subject to compromise                     2,577,699
                                                 --------------
Total liabilities                                    17,805,071

Common stock                                                  -
Intercompany common stock                                     -
Additional paid-in capital                                    -
Intercompany paid-in capital                        120,523,333
Retained Earnings (Accumulated deficit)              15,136,604
Accumulated other comprehensive income (loss)            19,289
                                                 --------------
Total stockholders' equity (deficit)                135,679,226
                                                 --------------
Total liabilities and equity (deficit)             $153,484,297
                                                 ==============

             Cooper-Standard Automotive FHS Inc.
                 Unaudited Income Statement
            For the Period Ended November 30, 2009

Sales                                               $16,117,433
Material                                             7,024,955
Labor                                                1,084,800
Overhead                                             3,846,305
Scrap & Other                                          490,246
                                                 --------------
Cost of products sold                                12,446,306

Gross profit                                          3,671,127

Salary & Benefits                                            -
Supplies/Occupancy                                           -
Travel & Entertainment                                       -
Contract Services                                            -
Other                                                  352,489
Impairment                                                   -
Amortization of intangibles                              6,585
Restructuring                                           34,799
                                                 --------------
Total SG&A Expenses                                     393,873

Operating profit (loss)                               3,277,254

Reorganization Items, net                                     -
Royalty income (loss)                                         -
Other income (expense)                                  (85,155)
Equity earnings (losses)                                      -
                                                 --------------
EBIT                                                  3,192,099

Interest income (expense)                                     -
                                                 --------------
Income (loss) before income taxes                     3,192,099

Provision for income tax (benefit)                            -
                                                 --------------
Net income (loss)                                    $3,192,099
                                                 ==============

CS Automotive FHS also reported total receipts of $617,787 and
total disbursements of -$33,612,696 for November.

                       About Cooper-Standard

Cooper-Standard Automotive Inc. -- http://www.cooperstandard.com/
-- headquartered in Novi, Michigan, is a leading global automotive
supplier specializing in the manufacture and marketing of systems
and components for the automotive industry.  Products include body
sealing systems, fluid handling systems and NVH control systems.
The Company is one of the leading suppliers of chassis products in
North America, with about 14% of market share.  The Company's main
custoemrs include Ford Motor Company, General Motors, Chrysler,
Audi, Volkswagen, BMW, Fiat and Honda, among other automakers.
Cooper-Standard Automotive employs approximately 16,000 people
globally with more than 70 facilities throughout the world.

Cooper-Standard is a privately held portfolio company of The
Cypress Group and Goldman Sachs Capital Partners Funds.

Cooper-Standard Holdings Inc., together with affiliates, filed for
Chapter 11 on August 4, 2009 (Bankr. D. Del. Case No. 09-12743).
Attorneys at Fried, Frank, Harris, Shriver & Jacobson LLP and
Richards, Layton & Finger, P.A., will serve as bankruptcy counsel
to the Debtors.  Lazard Freres & Co. is serving as investment
banker while Alvarez & Marsal is financial advisor.  Kurtzman
Carson Consultants LLC is notice, claims and solicitation agent.
In its bankruptcy petition, the Company said that assets on a
consolidated basis total $1,733,017,000 while debts total
$1,785,039,000 as of March 31, 2009.

The Company's Canadian subsidiary, Cooper-Standard Automotive
Canada Limited, also sought relief under the Companies' Creditors
Arrangement Act in the Ontario Superior Court of Justice in
Toronto, Ontario, Canada.

Bankruptcy Creditors' Service, Inc., publishes Cooper-Standard
Bankruptcy News.  The newsletter tracks the Chapter 11 and CCAA
proceedings undertaken by Cooper-Standard Holdings Inc. and its
various affiliates.  (http://bankrupt.com/newsstand/or 215/945-
7000)


COOPER-STANDARD: CSA Inc. Reports $2.32 Mil. Income for November
----------------------------------------------------------------
               Cooper-Standard Automotive Inc.
                   Unaudited Balance Sheet
                   As of November 30, 2009

ASSETS
Current Assets
Cash and cash equivalents                          $94,882,288
Account receivable, net                             92,360,986
Inventories, net                                    27,236,790
Prepaid expenses                                     3,374,853
Intercompany receivable                                      -
Others                                              10,777,906
                                                 --------------
Total current assets                               228,632,823

Property, plant and equipment, net                   90,993,888
Goodwill                                             87,728,335
Intangibles, net                                      1,066,841
Intercompany investments                            430,969,993
Long-term intercompany receivable                   208,153,970
Other assets                                         13,880,868
                                                 --------------
Total assets                                     $1,061,426,718
                                                 ==============

LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

Liabilities not subject to compromise:
Current liabilities:
Debt Payable within One Year                       $74,859,268
Accounts payable                                    48,997,776
Payroll liabilities                                 17,905,653
Accrued liabilities                                 11,910,469
Intercompany payable                               634,707,954
                                                 --------------
Total current liabilities                           788,381,120

Long-term debt                                        3,083,058
Pension benefits                                     73,702,227
Post-retirement benefits other than pensions         58,085,788
Deferred tax liabilities                                902,544
Other long-term liabilities                           9,937,659
Liabilities subject to compromise                 1,074,780,150
                                                 --------------
Total liabilities                                 2,008,872,546

Common stock                                                 35
Intercompany common stock                            (2,390,999)
Additional paid-in capital                              587,384
Intercompany paid-in capital                       (287,080,111)
Retained Earnings (Accumulated deficit)            (538,596,546)
Accumulated other comprehensive income (loss)      (119,965,591)
                                                 --------------
Total stockholders' equity (deficit)               (947,445,828)
                                                 --------------
Total liabilities and equity (deficit)           $1,061,426,718
                                                 ==============

               Cooper-Standard Automotive Inc.
                  Unaudited Income Statement
             For the Period Ended November 30, 2009

Sales                                               $43,034,458
Material                                            25,082,662
Labor                                                3,281,550
Overhead                                             5,488,323
Scrap & Other                                         (164,402)
                                                 --------------
Cost of products sold                                33,688,133

Gross profit                                          9,346,325

Salary & Benefits                                    3,657,948
Supplies/Occupancy                                   1,167,618
Travel & Entertainment                                 213,209
Contract Services                                    1,157,822
Other                                                   80,511
Impairment                                                   -
Amortization of intangibles                             28,833
Restructuring                                         (342,209)
                                                 --------------
Total SG&A Expenses                                   5,963,732

Operating profit (loss)                               3,382,593

Reorganization Items, net                            (4,922,353)
Royalty income (loss)                                 2,224,053
Other income (expense)                                  545,749
Equity earnings (losses)                                      -
                                                 --------------
EBIT                                                  1,230,042

Interest income (expense)                            (2,021,047)
                                                 --------------
Income (loss) before income taxes                      (791,005)

Provision for income tax (benefit)                   (3,115,225)
                                                 --------------
Net income (loss)                                    $2,324,220
                                                 ==============

CS Automotive Inc. also reported total receipts of $346,909,627
and total disbursements of -$188,381,769 for November.

                       About Cooper-Standard

Cooper-Standard Automotive Inc. -- http://www.cooperstandard.com/
-- headquartered in Novi, Michigan, is a leading global automotive
supplier specializing in the manufacture and marketing of systems
and components for the automotive industry.  Products include body
sealing systems, fluid handling systems and NVH control systems.
The Company is one of the leading suppliers of chassis products in
North America, with about 14% of market share.  The Company's main
custoemrs include Ford Motor Company, General Motors, Chrysler,
Audi, Volkswagen, BMW, Fiat and Honda, among other automakers.
Cooper-Standard Automotive employs approximately 16,000 people
globally with more than 70 facilities throughout the world.

Cooper-Standard is a privately held portfolio company of The
Cypress Group and Goldman Sachs Capital Partners Funds.

Cooper-Standard Holdings Inc., together with affiliates, filed for
Chapter 11 on August 4, 2009 (Bankr. D. Del. Case No. 09-12743).
Attorneys at Fried, Frank, Harris, Shriver & Jacobson LLP and
Richards, Layton & Finger, P.A., will serve as bankruptcy counsel
to the Debtors.  Lazard Freres & Co. is serving as investment
banker while Alvarez & Marsal is financial advisor.  Kurtzman
Carson Consultants LLC is notice, claims and solicitation agent.
In its bankruptcy petition, the Company said that assets on a
consolidated basis total $1,733,017,000 while debts total
$1,785,039,000 as of March 31, 2009.

The Company's Canadian subsidiary, Cooper-Standard Automotive
Canada Limited, also sought relief under the Companies' Creditors
Arrangement Act in the Ontario Superior Court of Justice in
Toronto, Ontario, Canada.

Bankruptcy Creditors' Service, Inc., publishes Cooper-Standard
Bankruptcy News.  The newsletter tracks the Chapter 11 and CCAA
proceedings undertaken by Cooper-Standard Holdings Inc. and its
various affiliates.  (http://bankrupt.com/newsstand/or 215/945-
7000)


COOPER-STANDARD: CSA OH Reports $3.1 Mil. Income for November
-------------------------------------------------------------
              Cooper-Standard Automotive OH, LLC
                   Unaudited Balance Sheet
                   As of November 30, 2009

ASSETS
Current Assets
Cash and cash equivalents                               $2,382
Account receivable, net                             26,113,511
Inventories, net                                     5,351,708
Prepaid expenses                                       705,685
Intercompany receivable                            497,607,647
Others                                                       -
                                                 --------------
Total current assets                               529,780,933

Property, plant and equipment, net                   41,734,056
Goodwill                                                      -
Intangibles, net                                              -
Intercompany investments                                      -
Long-term intercompany receivable                             -
Other assets                                            105,955
                                                 --------------
Total assets                                       $571,620,944
                                                 ==============

LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

Liabilities not subject to compromise:
Current liabilities:
Debt Payable within One Year                                 -
Accounts payable                                     5,398,616
Payroll liabilities                                  2,107,677
Accrued liabilities                                    295,220
Intercompany payable                                         -
                                                 --------------
Total current liabilities                             7,801,513

Long-term debt                                                -
Pension benefits                                              -
Post-retirement benefits other than pensions                  -
Deferred tax liabilities                                      -
Other long-term liabilities                              80,516
Liabilities subject to compromise                       682,057
                                                 --------------
Total liabilities                                     8,564,086

Common stock                                                  -
Intercompany common stock                                     -
Additional paid-in capital                                    -
Intercompany paid-in capital                         18,336,000
Retained Earnings (Accumulated deficit)             544,720,858
Accumulated other comprehensive income (loss)                 -
                                                 --------------
Total stockholders' equity (deficit)                563,056,858
                                                 --------------
Total liabilities and equity (deficit)             $571,620,944
                                                 ==============

             Cooper-Standard Automotive OH, LLC
                 Unaudited Income Statement
            For the Period Ended November 30, 2009

Sales                                               $14,663,738
Material                                             5,444,215
Labor                                                2,148,718
Overhead                                             3,279,661
Scrap & Other                                          681,891
                                                 --------------
Cost of products sold                                11,554,485

Gross profit                                          3,109,253

Salary & Benefits                                            -
Supplies/Occupancy                                           -
Travel & Entertainment                                       -
Contract Services                                            -
Other                                                        -
Impairment                                                   -
Amortization of intangibles                                  -
Restructuring                                                -
                                                 --------------
Total SG&A Expenses                                           -

Operating profit (loss)                               3,109,253

Reorganization Items, net                                     -
Royalty income (loss)                                         -
Other income (expense)                                   (2,162)
Equity earnings (losses)                                      -
                                                 --------------
EBIT                                                  3,107,091

Interest income (expense)                                     -
                                                 --------------
Income (loss) before income taxes                     3,107,091

Provision for income tax (benefit)                            -
                                                 --------------
Net income (loss)                                    $3,107,091
                                                 ==============

CS Automotive OH also reported total disbursements of
-$40,062,269 for November.

                       About Cooper-Standard

Cooper-Standard Automotive Inc. -- http://www.cooperstandard.com/
-- headquartered in Novi, Michigan, is a leading global automotive
supplier specializing in the manufacture and marketing of systems
and components for the automotive industry.  Products include body
sealing systems, fluid handling systems and NVH control systems.
The Company is one of the leading suppliers of chassis products in
North America, with about 14% of market share.  The Company's main
custoemrs include Ford Motor Company, General Motors, Chrysler,
Audi, Volkswagen, BMW, Fiat and Honda, among other automakers.
Cooper-Standard Automotive employs approximately 16,000 people
globally with more than 70 facilities throughout the world.

Cooper-Standard is a privately held portfolio company of The
Cypress Group and Goldman Sachs Capital Partners Funds.

Cooper-Standard Holdings Inc., together with affiliates, filed for
Chapter 11 on August 4, 2009 (Bankr. D. Del. Case No. 09-12743).
Attorneys at Fried, Frank, Harris, Shriver & Jacobson LLP and
Richards, Layton & Finger, P.A., will serve as bankruptcy counsel
to the Debtors.  Lazard Freres & Co. is serving as investment
banker while Alvarez & Marsal is financial advisor.  Kurtzman
Carson Consultants LLC is notice, claims and solicitation agent.
In its bankruptcy petition, the Company said that assets on a
consolidated basis total $1,733,017,000 while debts total
$1,785,039,000 as of March 31, 2009.

The Company's Canadian subsidiary, Cooper-Standard Automotive
Canada Limited, also sought relief under the Companies' Creditors
Arrangement Act in the Ontario Superior Court of Justice in
Toronto, Ontario, Canada.

Bankruptcy Creditors' Service, Inc., publishes Cooper-Standard
Bankruptcy News.  The newsletter tracks the Chapter 11 and CCAA
proceedings undertaken by Cooper-Standard Holdings Inc. and its
various affiliates.  (http://bankrupt.com/newsstand/or 215/945-
7000)


EDDIE BAUER: Files November 2009 Operating Report
-------------------------------------------------
On December 18, 2009, EBHI Holdings, Inc., formerly known as
Eddie Bauer Holdings, Inc., and certain other debtor-in-possession
subsidiaries filed unaudited monthly operating reports for the
period beginning on November 1, 2009, and ending on November 28,
2009, with the U.S. Bankruptcy Court for the District of Delaware.

EBHI Holdings, Inc., had no income and expense transactions for
the
period.

At November 28, 2009, EBHI Holdings, Inc., had $220,498,964 in
total assets, $76,260,778 in total liabilities, and $144,238,186
in net owner equity.  Intercompany receivables from affiliates
accounted for $198,626,2225 of EBHI's assets.

A copy of the Debtors' monthly operating reports are available for
free at http://researcharchives.com/t/s?4c6b  

                         About Eddie Bauer

Established in 1920 in Seattle, Washington, Eddie Bauer is a
specialty retailer that sells outerwear, apparel and accessories
for the active outdoor lifestyle.  The Eddie Bauer brand is a
nationally recognized brand that stands for high quality,
innovation, style and customer service.  Eddie Bauer products are
available at 371 stores throughout the United States and Canada,
through catalog sales and online at http://www.eddiebauer.com/
Eddie Bauer participates in a joint venture in Japan and has
licensing agreements across a variety of product categories.

Eddie Bauer, Inc., was a subsidiary of Spiegel, Inc.  Eddie Bauer
Inc. emerged from Spiegel's 2003 Chapter 11 case as a separate,
reorganized entity under the control and ownership of Eddie Bauer
Holdings, Inc.

Eddie Bauer Holdings, Inc., and eight affiliates filed for
bankruptcy on June 17, 2009 (Bankr. D. Del. Lead Case No.
09-12099).  Judge Mary F. Walrath presides over the case.  David
S. Heller, Esq., Josef S. Athanas, Esq., and Heather L. Fowler,
Esq., at Latham & Watkins LLP, serve as the Debtors' general
counsel.  Kara Hammond Coyle, Esq., and Michael R. Nestor, Esq.,
at Young Conaway Stargatt & Taylor LLP, serve as local counsel.
The Debtors' restructuring advisors are Alvarez and Marsal North
America LLC.  Their financial advisors are Peter J. Solomon
Company.  Kurtzman Carson Consultants LLC acts as claims and
notice agent.  As of April 4, 2009, Eddie Bauer had $525,224,000
in total assets and $448,907,000 in total liabilities.

Eddie Bauer Canada, Inc., and Eddie Bauer Customer Services filed
for protection from their creditors in Canada on June 17, 2009,
the same day the U.S. Debtors filed for protection from their
creditors.  The Canadian Debtors have obtained an initial order of
the Canadian Court staying the proceedings against the Canadian
Debtors and their property in Canada.  RSM Richter Inc. was
appointed as monitor in the Canadian proceedings.

On August 4, 2009, Golden Gate Capital closed a deal to acquire
Eddie Bauer Holdings for $286 million.  Golden Gate will maintain
the substantial majority of Eddie Bauer's stores and employees in
a newly formed going concern company.  Golden Gate beat an
affiliate of CCMP Capital Advisors, LLC, at the auction.  The CCMP
unit's $202 million cash offer served as stalking horse bid.

Golden Gate Capital -- http://www.goldengatecap.com/-- is a San
Francisco-based private equity investment firm with roughly
$9 billion of assets under management.


EXTENDED STAY: Reports $31.25 Mil. Net Loss for November
--------------------------------------------------------
                   Extended Stay Inc., et al.
                     Combined balance Sheet
                    As of November 30, 2009

ASSETS
Current assets
Cash and cash equivalents, unrestricted             $2,359,000
Debtor in possession cash account                   58,288,000
Cash management account, including
   deposits in transit                               15,575,000
Accounts receivable-net of allowance
   for doubtful accounts                             15,038,000
Restricted cash, escrows and reserves                        -
Other current assets                                29,684,000
Investment in derivative instruments, at fair value          -
Due from insiders - non-debtor affiliates                    -
                                                 --------------
Total current assets                                120,944,000

Property and equipment, net of
accumulated depreciation                         6,393,008,000
Land available for sale                               2,000,000
Deferred financing costs, net of
accumulated amortization                            15,997,000
Trademarks                                           15,000,000
License of trademarks, net of
accumulated amortization                             9,814,000
Under market trademark licenses,
net of accumulated amortization                     13,631,000
Intangible assets, net of accumulated amortization   17,035,000
Other assets                                         17,276,000
                                                 --------------
Total assets                                     $6,604,705,000
                                                 ==============

LIABILITIES AND SHAREHOLDERS/MEMBERS' (DEFICIT) EQUITY
Liabilities not subject to compromise
Current liabilities
Accounts payable                                      $221,000
Accrued occupancy taxes payable                      3,622,000
Accrued state franchise/income tax                   1,902,000
Accrued sales and use taxes payable                  5,171,000
Accrued property & general liability
   insurance reserves                                 5,033,000
Accrued utilities                                    5,714,000
Other property accruals                              1,073,000
Deferred revenue                                    10,780,000
General and administrative accruals                  1,433,000
Accrued professional fees                            7,987,000
Accrued real estate taxes                           25,578,000
Accrued interest payable                             9,307,000
Advance from insider, including accrued interest of
   $1,410 at November 30, 2009                        7,910,000
Due to insiders - non-debtor affiliates             27,098,000
                                                 --------------
Total current liabilities                           112,829,000

Other liabilities                                     4,789,000
                                                 --------------
Total liabilities not subject to compromise         117,618,000

Liabilities subject to compromise
Accounts payable                                       585,000
Accrued interest payable                             9,577,000
Mortgages payable                                4,108,349,000
Mezzanine loans                                  3,295,456,000
Subordinated notes, net of discount                  7,408,000
                                                 --------------
Total liabilities subject to compromise           7,421,375,000

Shareholders'/Members' (deficit) equity
Additional paid in capital                         573,141,000
Retained deficit - pre-petition                 (1,369,013,000)
Retained deficit - post-petition                  (138,416,000)
                                                 --------------
Total shareholders'/members' (deficit) equity      (934,288,000)
                                                 --------------
Total liabilities and shareholders'/members'
  (deficit equity)                               $6,604,705,000
                                                 ==============

                   Extended Stay Inc., et al.
                Combined Statement of Operations
              For the period November 1 to 30, 2009

Revenues
Room revenues                                       $61,789,000
Other property revenues                               1,325,000
                                                  --------------
Total revenues                                        63,114,000

Operating expenses
Property operating expenses                          34,960,000
Corporate operating expenses                          1,163,000
Officer/Insider Compensation                                  -
Trademark license fees expense                           67,000
Management fees and G&A reimbursement expense         6,420,000
Depreciation and amortization                        31,102,000
                                                  --------------
Total operating expenses                              73,712,000

Other income                                                   -
                                                  --------------
Operating loss                                       (10,598,000)

Interest expense                                     (17,974,000)
Loss on investments in debt securities &
interest rate caps                                       (1,000)
Interest income                                            1,000
                                                  --------------
Net loss before reorganization items                 (28,572,000)

Reorganization items
Professional fees                                     2,637,000
U.S. Trustee quarterly fees                              40,000
Interest earned on accumulated cash
   from Chapter 11                                             -
                                                  --------------
Total reorganization items                             2,677,000
                                                  --------------
Net loss                                            ($31,249,000)
                                                  ==============

The Debtors reported $71,763,107 in total cash receipts and
$94,801,828 in total disbursements for November 2009.

                        About Extended Stay

Extended Stay is the largest owner and operator of mid-price
extended stay hotels in the United States, holding one of the most
geographically diverse portfolios in the lodging sector with
properties located across 44 states (including 11 hotels located
in New York) and two provinces in Canada. As a result of
acquisitions and mergers, Extended Stay's portfolio has expanded
to encompass over 680 properties, consisting of hotels directly
owned or leased by Extended Stay or one of its affiliates.
Extended Stay currently operates five hotel brands: (i) Crossland
Economy Studios, (ii) Extended Stay America, (iii) Extended Stay
Deluxe, (iv) Homestead Studio Suites, and (v) StudioPLUS Deluxe
Studios.

For the year ending December 31, 2008, Extended Stay's audited
financial statements show consolidated assets (including nondebtor
affiliates) totaling approximately $7.1 billion and consolidated
liabilities totaling approximately $7.6 billion.  Consolidated
revenues for the 12 months ending December 31, 2008 were
approximately $1 billion.

Extended Stay Inc. and its affiliates filed for Chapter 11 on
June 15, 2009 (Bankr. S.D.N.Y. Case No. 09-13764).  Judge James M.
Peck handles the case.  Marcia L. Goldstein, Esq., at Weil Gotshal
& Manges LLP, in New York, represents the Debtors.  Lazard Freres
& Co. LLC is the Debtors' financial advisors.  Kurtzman Carson
Consultants LLC is the claims agent.

Bankruptcy Creditors' Service, Inc., publishes Extended Stay
Bankruptcy News.  The newsletter provides gavel-to-gavel coverage
of the Chapter 11 proceedings undertaken by Extended Stay Inc. and
its various affiliates. (http://bankrupt.com/newsstand/or
215/945-7000).


FLEETWOOD ENTERPRISES: Posts $9.5MM Net Loss From Oct. 26-Nov. 22
-----------------------------------------------------------------
Fleetwood Enterprises, Inc. and certain of its direct and indirect
subsidiaries filed on December 21, 2009, its monthly operating
report for the period beginning on October 26, 2009, through
November 22, 2009, with the United States Trustee for the Central
District of California, Riverside Division.

Fleetwood posted a net loss of $9,507,204 in the October-November
period.

As of November 22, 2009, the Company had total assets of
$175,110,000 and total liabilities of $360,046,000.  The balance
sheet includes non-debtors.  The most significant is Gibraltar the
captive insurance company with assets of $25.2 million and
liabilities of $22.9 million.

As of November 22, 2009, Fleetwood Enterprises had $62,376,445
cash in the general account.

    Beginning balance                     $61,496,661
    Receipts                               $7,258,981
    Disbursements                          $6,379,187
    Ending Balance                        $62,376,454

A full-text copy of the October-November monthly operating report
is available at no charge at http://researcharchives.com/t/s?4c6c


Based in Riverside, California, Fleetwood Enterprises, Inc.,
together with 19 of affiliates, filed for Chapter 11 protection on
March 10, 2009 (Bankr. C. D. Calif. Lead Case No. 09-14254).
Craig Millet, Esq., and Solmaz Kraus, Esq., at Gibson, Dunn &
Crutcher LLP, represent the Debtors in their restructuring
efforts.  FTI Consulting Inc. is the financial advisors to the
Debtors.  The Debtors tapped Greenhill & Co. LLC as its investment
banker.


FONTAINEBLEAU LV: Has $159.3 Mil. Cash at November 30
-----------------------------------------------------
                  FONTAINEBLEAU LAS VEGAS, LLC
            Schedule of Receipts and Disbursements
          For The Period From November 1 to 30, 2009

                                                   Cumulative
                                                   to the
                                    As of          Petition
                                    Nov. 2009      Date
                                   -------------  --------------
Funds At Beginning Period           $171,125,306    $191,916,782
                                   -------------   -------------
Receipts
  (a) Cash Sales                               0               0
      Minus: Cash Refunds                      0               0
      Net Cash Sales                           0               0
  (b) Accounts Receivable                      0               0
  (c) Other Receipts                   7,289,524       7,580,683
                                   -------------   -------------
Total Receipts                         7,289,524       7,580,683
                                   -------------   -------------
Total Funds Available For            178,414,831     199,497,466
Operations                         -------------   -------------

Disbursement
  (a) Advertising                              0               0
  (b) Bank Charges                             0          19,485
  (c) Contract Labor                     135,425       1,550,315
  (d) Fixed Asset Payments               613,922       3,863,877
  (e) Insurance                           14,241       1,151,915
  (f) Inventory                                0               0
  (g) Leases                                   0               0
  (h) Manufacturing Supplies                   0               0
  (i) Office Supplies                    261,998       1,247,625
  (j) Payroll - Net                      250,412       3,137,657
  (k) Professional Fees                1,280,510       3,230,807
  (l) Rent                               191,454       1,777,116
  (m) Repairs                             69,733         206,098
  (n) Secured Creditor Payments       16,011,596      19,835,433
  (o) Taxes Paid - Payroll                79,464       1,128,889
  (p) Taxes Paid - Sales                       0               0
  (q) Taxes Paid - Other                   8,916       1,545,383
  (r) Telephone                                0               0
  (s) Travel & Entertainment                   0               0
  (y) U.S. Trustee Quarterly Fees              0          31,700
  (u) Utilities                          196,968       1,470,974
  (v) Vehicle Expenses                         0               0
  (w) Other Operating Expenses                 0               0
                                   -------------   -------------
Total Disbursements                   19,114,646      40,197,281
                                   -------------   -------------
Ending Balance                      $159,300,184    $159,300,184
                                   =============   =============

              FONTAINEBLEAU LAS VEGAS RETAIL, LLC
            Schedule of Receipts and Disbursements
          For The Period From November 1 to 30, 2009

                                                   Cumulative
                                                   to the
                                    As of          Petition
                                    Nov. 2009      Date
                                   -------------  --------------
Funds At Beginning Period                    $93             $93
                                   -------------   -------------
Receipts
  (a) Cash Sales                               0               0
      Minus: Cash Refunds                      0               0
      Net Cash Sales                           0               0
  (b) Accounts Receivable                      0               0
  (c) Other Receipts                           0               0
                                   -------------   -------------
Total Receipts                                 0               0
                                   -------------   -------------
Total Funds Available For                     93              93
Operations                         -------------   -------------

Disbursement
  (a) Advertising                              0               0
  (b) Bank Charges                             0               0
  (c) Contract Labor                           0               0
  (d) Fixed Asset Payments                     0               0
  (e) Insurance                                0               0
  (f) Inventory                                0               0
  (g) Leases                                   0               0
  (h) Manufacturing Supplies                   0               0
  (i) Office Supplies                          0               0
  (j) Payroll - Net                            0               0
  (k) Professional Fees                        0               0
  (l) Rent                                     0               0
  (m) Repairs                                  0               0
  (n) Secured Creditor Payments                0               0
  (o) Taxes Paid - Payroll                     0               0
  (p) Taxes Paid - Sales                       0               0
  (q) Taxes Paid - Other                       0               0
  (r) Telephone                                0               0
  (s) Travel & Entertainment                   0               0
  (y) U.S. Trustee Quarterly Fees              0               0
  (u) Utilities                                0               0
  (v) Vehicle Expenses                         0               0
  (w) Other Operating Expenses                 0               0
                                   -------------   -------------
Total Disbursements                            0               0
                                   -------------   -------------
Ending Balance                               $93             $93
                                   =============   =============

Fontainebleau Las Vegas Holdings, LLC, Fontainebleau Las Vegas
Capital Corp., Fontainebleau Las Vegas Holdings, LLC,
Fontainebleau Las Vegas Retail Mezzanine, LLC, and Fontainebleau
Las Vegas Retail Parent, LLC also delivered to the Court on
December 21, 2009, a copy of their Monthly Operating Report for
the period November 1 to 30, 2009.  However, since the Debtors
have no business activity, the report contains zero figures for
all financial reports.

Full-text copies of the Debtors' November Monthly Operating
Reports may be accessed for free at:

  http://bankrupt.com/misc/FB_CapitalCorpMOR1130.pdf
  http://bankrupt.com/misc/FB_HoldingsLLCMOR1130.pdf
  http://bankrupt.com/misc/FB_RetailMezzanineMOR1130.pdf
  http://bankrupt.com/misc/FB_RetailParentMOR1130.pdf

                   About Fontainebleau Las Vegas

Fontainebleau Las Vegas -- http://www.fontainebleau.com/-- is
constructing a luxury resort, Fontainebleu Las Vegas, on the
northern end of the Las Vegas Strip.

Fontainebleau Las Vegas Holdings, LLC, Fontainebleau Las Vegas,
LLC, Fontainebleau Las Vegas Capital Corp. filed for Chapter 11
protection on June 9, 2009 (Bankr. S.D. Fla. Lead Case No.
09-21481).  Judge A. Jay Cristol presides over the Debtors' cases.
Scott L Baena, Esq., at Bilzin Sumberg Baena Price & Axelrod LLP,
represents the Debtors in their restructuring efforts.  The
Debtors' Financial Advisor are Moelis & Company LLC and Citadel
Derivatives Group LLC.  The Debtors' Special Litigation Counsel is
David M. Friedman, Esq., at Kasowitz, Benson, Torres & Friedman
LLP and the Debtors' Special Counsel is Jack J. Kessler, Esq., and
Alan Rubin, Esq., at Buchanan Ingersoll & Rooney PC.  The Debtors'
Claims Agent is Kurtzman Carson Consulting LLC.  Attorneys at
Genovese Joblove & Battista, P.A., and Fox Rothschild, LLP,
represent the Official Committee of Unsecured Creditors.

As of June 9, 2009, Fontainebleau Las Vegas LLC listed more than
$1 billion in debt and a similar amount in assets, while each of
Fontainebleau Las Vegas Capital Corp. and Fontainebleau Las Vegas
Holdings, LLC, listed less than $50,000 in assets and more than
$1 billion in debts.

Bankruptcy Creditors' Service, Inc., publishes Fontainebleau
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Fontainebleau Las Vegas Holdings, LLC, and its debtor-
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


GOODY'S LLC: Posts $560,616 Net Loss in October
-----------------------------------------------
Goody's LLC reported a net loss of $560,616 for the month of
October 2009.

At October 31, 2009, the Debtor had total assets of $56,038,544,
total liabilities of $73,772,716, and stockholders' deficit of
$17,734,172.

During the month of October 2009, the Company's schedule of cash
receipts and disbursements showed:

     Cash, beginning         $6,978,725
     Total Receipts            $284,199
     Total Disbursements       $247,867
     Net Cash Flow              $36,333
     Cash, end               $7,015,057

Of the total cash disbursements of $247,867 for the month of
October, $103,334 represented payments made for professional fees.

A full-text copy of the Debtor's monthly operating report for
October 2009 is available for free at:

        http://bankrupt.com/misc/goody'sllc.octobermor.pdf

Goody's LLC reported a net loss of $226,995 for the month of
September 2009.

At September 30, 2009, the Debtor had total assets of $50,892,986,
total liabilities of $68,066,542, and stockholders' deficit of
$17,173,557.

During the month of September 2009, the Company's schedule of cash
receipts and disbursements showed:

     Cash, beginning         $7,171,417
     Total Receipts            $239,720
     Total Disbursements       $432,413
     Net Cash Flow            ($192,692)
     Cash, end               $6,978,725

Of the total cash disbursements of $432,413 for the month of
September, $150,316 represented payments made for professional
fees.

A full-text copy of the Debtor's monthly operating report for
September 2009 is available for free at:

       http://bankrupt.com/misc/goody'sllc.septembermor.pdf

                         About Goody's LLC

Headquartered in Wilmington, Delaware, Goody's LLC, successor to
Goody's Family Clothing Inc., operates a chain of clothing stores.

Goody's Family Clothing Inc., and 19 of its affiliates filed for
Chapter 11 protection on June 9, 2008 (Bankr. D. Del. Lead Case
No. 08-11133).  Gregg M. Galardi, Esq., and Marion M. Quirk, Esq.,
at Skadden Arps Slate Meagher & Flom LLP, and Paul G. Jennings,
Esq., at Bass, Berry & Sims PLC, represented the Debtors.  The
Company emerged from bankruptcy October 20, 2008, after closing
more than 70 stores.  The reorganized entity was named Goody's
LLC, and headquartered in Wilmington, Delaware.

Goody's subsequently announced plans to liquidate in January
2009 when it was unable to restructure terms with creditors.
Goody's LLC and 13 of its affiliates filed for Chapter 11
protection on January 13, 2009 (Bankr. D. Del. Lead Case No.
09-10124).  M. Blake Cleary, Esq., at Young, Conaway, Stargatt &
Taylor, LLP; Paul G. Jennings, Esq., Gene L. Humphreys, Esq.,
Edward C. Meade, Esq., and Kristen C. Wright, Esq., at Bass Berry
& Sims PLC represent the Debtors as counsel.  Skadden, Arps, Slate
Meagher & Flom, LLP, is the Debtors' special counsel; FTI
Consulting Inc. is the Debtors' financial advisor.  Goody's has
closed its 282 stores and liquidated its inventory and other
assets.  In its schedules, Goody's LLC listed assets of
$542,231,601 and liabilities of $510,471,005.


GOTTSCHALKS INC: Posts $358,000 Net Loss from November 1 - 28
-------------------------------------------------------------
On December 17, 2009, Gottschalks Inc. filed with the U.S.
Bankruptcy Court for the District of Delaware its monthly
operating report for the period November 1, 2009, to November 28,
2009.

The Debtor ended the period with $11,431,000 cash.  During the
period, the Debtor paid $823,053 in professional fees and
reimbursed $30,356 in professional expenses.

The Company reported a net loss of $358,000 for the period.  

At November 28, 2009, the Company had $42,379,000 in total assets
and $81,051,000 in total liabilities.

The November report is available at no charge at:
   
               http://researcharchives.com/t/s?4c67                 

Headquartered in Fresno, California, Gottschalks Inc. (Pink
Sheets: GOTTQ.PK) -- http://www.gottschalks.com/-- is a regional
department store chain, operating 58 department stores and three
specialty apparel stores in six western states.  Gottschalks
offers better to moderate brand-name fashion apparel, cosmetics,
shoes, accessories and home merchandise.

The Company filed for Chapter 11 protection on January 14, 2009
(Bankr. D. Del. Case No. 09-10157).  O'Melveny & Myers LLP
represents the Debtor in its Chapter 11 case.  Lee E. Kaufman,
Esq., and Mark D. Collins, Esq., at Richards, Layton & Finger,
P.A., serves as the Debtors' co-counsel.  The Debtor selected
Kurtzman Carson Consultants LLC as its claims agent.  The U.S.
Trustee for Region 3 appointed seven creditors to serve on an
official committee of unsecured creditors.  When the Debtor filed
for protection from its creditors, it listed $288,438,000 in total
assets and $197,072,000 in total debts.


LANDAMERICA FIN'L: Reports $7,870,000 Net Loss for October
----------------------------------------------------------
              LandAmerica Financial Group, Inc.
                       Balance Sheet
                   As of October 31, 2009

ASSETS

  Cash                                            $91,537,000
  Restricted Cash                                  15,838,000
  Notes:
     Fidelity National Title                       51,020,000
     Other                                         11,924,000

  Fidelity National Title Stock                    20,879,000

  Taxes receivable                                 21,462,000
  Property and equipment                            2,094,000
  Title Plans                                         945,000
  Other assets                                     44,818,000
  Investments in subsidiaries and
     consolidated joint ventures                  651,318,000
  Intercompany receivable                         245,049,000
                                              ---------------
     Total Assets                              $1,156,884,000
                                              ===============

LIABILITIES

  Accounts payable and accrued liabilities        $17,276,000
  Liabilities subject to compromise               477,592,000
                                              ---------------
     Total Liabilities                            494,868,000
     Total Shareholders' Equity                   662,016,000
                                              ---------------
     Total Liabilities & Shareholders' Equity  $1,156,884,000
                                              ===============

               LandAmerica Financial Group, Inc.
                    Statement of Operations
              For the month ended October 31, 2009

Revenue:
  Investment and other income                        $619,000
  Valuation adjustment related to
     Fidelity National Title Stock                 (1,129,000)
                                              ---------------
     Total Revenue                                  ($511,000)
                                              ===============

Expenses
  General, administrative and other expenses        1,285,000
  Professional fees                                 5,631,000
  Impairment of assets                                302,000
  Depreciation and amortization                       141,000
  Interest Expense                                          0
  Loss (Gain) on disposal of subsidiaries                   0
                                              ---------------
     Total Expenses                                 7,359,000
                                              ---------------
     Net Loss before income taxes                  (7,870,000)

  Income tax benefit                                        0
                                              ---------------
     Net Loss                                     ($7,870,000)
                                              ===============

               LandAmerica Financial Group, Inc.
          Schedule of Cash Receipts and Disbursements
               For Month Ended October 31, 2009

Operating Cash and Cash Equivalents

Held for the benefit;
  LandAmerica Financial Group, Inc.               $71,299,000
  Underwriters                                              0
  Retained Subsidiaries                                     0
                                              ---------------
     Opening Cash                                  71,299,000
                                              ---------------

Cash Receipts

  Collection received for the benefit of:
     Underwriters                                           0
     Retained subsidiaries                            112,000

  Payment reimbursements by:
     Underwriters                                           0
     Retained Subsidiaries                            126,000

  Proceeds from sale of the
  Underwriting business;
     LandAmerica Financial Group, Inc.                      0
     Retained Subsidiaries                                  0

  Proceeds from LadAm Valuation Corp.                 675,000
  Proceeds from LoanCare, net                               0
  Proceeds from RealEC                                      0
  Proceeds from FNF Settlement                              0
  Proceeds from sale of FNF Stock                  25,862,000
  Other Receipts                                      927,000
                                              ---------------
     Total Receipts                                27,702,000
                                              ---------------

Cash Disbursement

  Related to LFG
     Payroll                                          702,000
     Rent & other occupancy costs                      64,000
     Insurance                                        931,000
     Leases                                            88,000
     Information Technology                           172,000
     Payables                                          99,000
     Bankruptcy Professional Fees                   3,772,000
     Return of Funds - Underwriters                         0
     Transfers to Restricted Cash                           0
     Others                                           359,000
                                              ---------------
     Total                                          6,187,000
                                              ---------------
  Payments made for the benefit of;
     Underwriters                                      40,000
     Retained subsidiaries                          1,236,000
                                              ---------------
     Total Disbursements                            7,464,000

Net Cash Flow                                      20,238,000
                                              ---------------
Ending Cash and Cash Equivalents                  $91,537,000
                                              ===============

Ending Cash and Cash Equivalents

  Held for the benefit:
     LFG                                          $91,537,000
     Underwriters                                           0
     Retained subsidiaries                                  0
                                              ---------------
     Total                                        $91,537,000
                                              ===============

                   About LandAmerica Financial

LandAmerica Financial Group, Inc., provides real estate
transaction services with offices nationwide and a vast network of
active agents.  LandAmerica and its affiliates operate through
approximately 700 offices and a network of more than 10,000 active
agents throughout the world, including Mexico, Canada, the
Caribbean, Latin America, Europe, and Asia.

LandAmerica Financial Group and its affiliate LandAmerica 1031
Exchange Services, Inc. filed for Chapter 11 protection Nov. 26,
2008 (Bankr. E.D. Va. Lead Case No. 08-35994).  Attorneys at
Willkie Farr & Gallagher LLP and McGuireWoods LLP serve as co-
counsel.  Zolfo Cooper is the restructuring advisor.  Epiq
Bankruptcy Solutions serves as claims and notice agent.

Attorneys at Akin Gump Strauss Hauer & Feld LLP and Tavenner &
Beran, PLC, serve as counsel to the Creditors Committee of 1031
Exchange.  Bingham McCutchen LLP and LeClair Ryan serve as counsel
to the Creditors Committee of LFG.

In its bankruptcy petition, LFG listed total assets of
$3,325,100,000, and total debts of $2,839,800,000 as of Sept. 30,
2008.

On March 6, 2009, affiliate LandAmerica Assessment Corporation,
aka National Assessment Corporation, filed its own petition for
Chapter 11 relief.  Affiliate LandAmerica Title Company filed for
for Chapter 11 relief on March 27, 2009.   LandAmerica Credit
Services, Inc., filed for Chapter 11 in July 2009.

Bankruptcy Creditors' Service, Inc., publishes LandAmerica
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by LandAmerica Financial and its affiliate LandAmerica
1031 Exchange Services, Inc. (http://bankrupt.com/newsstand/or
215/945-7000)


LEHMAN BROTHERS: Has $221.43 Billion in Assets at June 30
---------------------------------------------------------
Assets
Cash and investments                          $9,377,000,000
Cash and investments pledged or restricted    13,281,000,000
Financial instruments and other inventory
positions:
Real estate                                    3,910,000,000
Loans                                          3,270,000,000
Private equity/Principal investments           2,069,000,000
Derivatives and other contractual agreements  12,039,000,000
                                             ----------------
Total financial instruments and other
inventory positions                            21,288,000,000

Receivables and other assets                    2,427,000,000

Investments in affiliates:
LBHI controlled debtor entities                1,628,000,000
LBHI controlled non-debtor entities          (25,190,000,000)
Non-LBHI controlled entities                  14,838,000,000
                                             ----------------
Total Investments in affiliates                (8,724,000,000)

Due from affiliates:
LBHI controlled entities - post petition       1,493,000,000
LBHI controlled debtor entities               54,604,000,000
LBHI controlled non-debtor entities           52,360,000,000
Non-LBHI controlled entities                  75,334,000,000
                                             ----------------
Total due from affiliates                     183,791,000,000
                                             ----------------
Total assets                                 $221,439,000,000
                                             ================

Liabilities and stockholders' equity
Accounts payable and other liabilities:
Payables                                      $1,540,000,000
Due to LBHI controlled entities                1,080,000,000
                                             ----------------
Total accounts payable and liabilities          2,620,000,000

Liabilities (subject to compromise for
Debtor entities only):
Derivatives and other contractual agreements  13,818,000,000
Borrowings                                    99,007,000,000
Payables                                       3,155,000,000
Due to affiliates:
LBHI controlled debtor entities               54,249,000,000
LBHI controlled non-debtor entities           26,900,000,000
Non-LBHI controlled entities                  55,850,000,000
                                             ----------------
Total due to affiliates                       136,999,000,000

Total liabilities (subject to compromise for
Debtor entities only)                        252,978,000,000
                                             ----------------
Total liabilities                             255,598,000,000

Stockholders' equity
Preferred stock                                8,993,000,000
Common stock and additional paid-in capital   12,515,000,000
Retained earnings and other
stockholders' equity                         (55,666,000,000)
                                             ----------------
Total common stockholders' equity             (43,151,000,000)
                                             ----------------
Total stockholders' equity                    (34,159,000,000)
                                             ----------------
Total liabilities and stockholders' equity   $221,439,000,000
                                             ================

                       About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy September 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
listed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On September 19, 2008, the Honorable Gerard E. Lynch, Judge of the
U.S. District Court for the Southern District of New York, entered
an order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI

The Bankruptcy Court has approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also
bought Lehman's operations in the Asia Pacific for US$225 million.

              International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion
(US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


LTV CORP: Ends November 2009 With $9,875,000 Cash
-------------------------------------------------
On December 17, 2009, The LTV Corporation, et al., submitted to
the United States Bankruptcy Court for the Northern District of
Ohio, Eastern Division their operating report for the period ended
November 30, 2009.

LTV ended the period with a $9,875,000 cash balance.  LTV reported
$0 receipts and $403,000 in disbursements in November, including
$369,000 paid to Chapter 11 professionals.

A full-text copy of LTV's November 2009 operating report is
available at no charge at http://researcharchives.com/t/s?4c64  

Headquartered in Cleveland, Ohio, The LTV Corp. is a manufacturer
with interests in steel and steel-related businesses, employing
some 17,650 workers and operating 53 plants in Europe and the
Americas.  The Company filed for chapter 11 protection on
December 29, 2000 (Bankr. N.D. Ohio, Case No. 00-43866).  On
August 31, 2001, the company listed $4,853,100,000 in assets and
$4,823,200,000 in liabilities.


MUZAK HOLDINGS: Reports $9.3 Mil. Net Loss for November
-------------------------------------------------------
Muzak Holdings LLC reported a $3.9 million net loss in
November on net revenue of $17.6 million.  Reorganization
expenses in the month were $1.5 million.

Headquartered in Fort Mill, South Carolina, Muzak Holdings LLC --
http://www.muzak.com/-- creates a variety of music programming
from a catalog of over 2.6 million songs and produces targeted
custom in-store and on-hold messaging.  Through its national
service and support network, Muzak designs and installs
professional sound systems, digital signage, drive-thru systems,
commercial television and more.  The Company and 14 affiliates
filed for Chapter 11 protection on February 10, 2009 (Bankr. D.
Del. Lead Case No. 09-10422).  Moelis & Company is serving as
financial advisor to the Company.  Kirkland & Ellis LLP is the
Debtors' counsel.  Klehr Harrison Harvey Branzburg & Ellers has
been tapped as local counsel.  Epiq Bankruptcy Solutions LLC
serves as claims and notice agent.  Muzak's petition listed assets
of $324 million against debt of $465 million, including
$101 million owed on a senior secured credit facility,
$220 million in senior notes and $115 million in subordinated
notes.


NORTEL NETWORKS: Earns $64 Million in Month Ended November 28
-------------------------------------------------------------
Nortel Networks Inc., a direct subsidiary of Nortel Networks Ltd.,
and several other direct and indirect U.S. subsidiaries and
certain affiliates of Nortel Networks Limited filed on
December 23, 2009, their unaudited condensed combined debtors-in-
possession financial statements included in the monthly operating
report for the period from November 1, 2009, to November 28, 2009,
with the United States Bankruptcy Court for the District of
Delaware.

Nortel Networks Inc. reported net income of $64 million on total
revenues of $141 million for the period.

As of November 28, 2009, Nortel Networks Inc. had $3.3 billion in
total assets and $7.4 billion in total liabilities.

A full-text copy of the monthly operating report is available at
no charge at http://researcharchives.com/t/s?4c70

                       About Nortel Networks

Nortel Networks (OTCBB:NRTLQ) -- http://www.nortel.com/--
delivers communications capabilities that make the promise of
Business Made Simple a reality for the Company's customers.  The
Company's next-generation technologies, for both service provider
and enterprise networks, support multimedia and business-critical
applications.  Nortel's technologies are designed to help
eliminate the barriers to efficiency, speed and performance by
simplifying networks and connecting people to the information they
need, when they need it.

Nortel Networks Corp., Nortel Networks Inc., and other affiliated
corporations in Canada sought insolvency protection under the
Companies' Creditors Arrangement Act in the Ontario Superior Court
of Justice (Commercial List).  Ernst & Young has been appointed to
serve as monitor and foreign representative of the Canadian Nortel
Group.  The Monitor also sought recognition of the CCAA
Proceedings in the Bankruptcy Court under Chapter 15 of the
Bankruptcy Code.

Nortel Networks Inc. and 14 affiliates filed separate Chapter 11
petitions on January 14, 2009 (Bankr. D. Del. Case No. 09-10138).
Judge Kevin Gross presides over the case.  James L. Bromley, Esq.,
at Cleary Gottlieb Steen & Hamilton, LLP, in New York, serves as
general bankruptcy counsel; Derek C. Abbott, Esq., at Morris
Nichols Arsht & Tunnell LLP, in Wilmington, serves as Delaware
counsel.  The Chapter 11 Debtors' other professionals are Lazard
Freres & Co. LLC as financial advisors; and Epiq Bankruptcy
Solutions LLC as claims and notice agent.

The Chapter 15 case is Bankr. D. Del. Case No. 09-10164.  Mary
Caloway, Esq., and Peter James Duhig, Esq., at Buchanan Ingersoll
& Rooney PC, in Wilmington, Delaware, serves as Chapter 15
petitioner's counsel.

Certain of Nortel's European subsidiaries have also made
consequential filings for creditor protection.  The Nortel
Companies related in a press release that Nortel Networks UK
Limited and certain subsidiaries of the Nortel group incorporated
in the EMEA region have each obtained an administration order
from the English High Court of Justice under the Insolvency Act
1986.  The applications were made by the EMEA Subsidiaries under
the provisions of the European Union's Council Regulation (EC)
No. 1346/2000 on Insolvency Proceedings and on the basis that
each EMEA Subsidiary's centre of main interests is in England.
Under the terms of the orders, representatives of Ernst & Young
LLP have been appointed as administrators of each of the EMEA
Companies and will continue to manage the EMEA Companies and
operate their businesses under the jurisdiction of the English
Court and in accordance with the applicable provisions of the
Insolvency Act.

Several entities, particularly, Nortel Government Solutions
Incorporated have material operations and are not part of the
bankruptcy proceedings.

As of September 30, 2008, Nortel Networks Corp. reported
consolidated assets of $11.6 billion and consolidated liabilities
of $11.8 billion.  The Nortel Companies' U.S. businesses are
primarily conducted through Nortel Networks Inc., which is the
parent of majority of the U.S. Nortel Companies.  As of
September 30, 2008, NNI had assets of about $9 billion and
liabilities of $3.2 billion, which do not include NNI's guarantee
of some or all of the Nortel Companies' about $4.2 billion of
unsecured public debt.

Bankruptcy Creditors' Service, Inc., publishes Nortel Networks
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
and ancillary foreign proceedings undertaken by Nortel Networks
Corp. and its various affiliates.  (http://bankrupt.com/newsstand/
or 215/945-7000)


OPUS WEST: Records $23.2 Million Profit for November
----------------------------------------------------

                     Opus West Corporation
                         Balance Sheet
                    As of November 30, 2009

ASSETS:
Unrestricted cash                                    $5,841,325
Restricted cash                                               0
                                                   ------------
Total cash                                            5,841,325

Accounts receivable                                   1,305,013
Inventory                                                     0
Notes receivable                                      2,219,600
Prepaid expenses                                         88,489
Other security deposits                                  24,792
                                                   ------------
Total current assets                                  9,479,219

Property, plant, & equipment                            196,969
Less: accumulated depreciation/depletion                111,667
                                                   ------------
Net property, plant, & equipment                         85,302

Due from insiders                                             0
Other assets                                         25,785,027
                                                   ------------
Total assets                                        $35,349,548
                                                   ============

POSTPETITION LIABILITIES:
Accounts payable                                            $47
Taxes payable                                                 0
Notes payable                                                 0
Professional fees                                             0
Secured debt                                                  0
Other - employee benefits                                29,684
                                                   ------------
Total postpetition liabilities                          $29,731

PREPETITION LIABILITIES:
Secured debt                                        $26,551,747
Priority debt                                           433,628
Unsecured debt                                      186,899,295
Other - GAAP accruals                                 3,064,127
                                                   ------------
Total prepetition liabilities                       216,948,797
                                                   ------------
Total liabilities                                   216,978,528

EQUITY:
Prepetition owners' equity                           26,255,853
Postpetition cumulative profit (loss)              (207,884,833)
Direct charges to equity                                      0
                                                   ------------
Total equity                                       (181,628,980)
                                                   ------------
Total liabilities & owners' equity                  $35,349,548
                                                   ============

                     Opus West Corporation
                       Income Statement
              For the month ended November 30, 2009

Revenues:
Gross revenue                                                $0
Less: returns & discounts                                     0
                                                   ------------
Net revenue                                                   0

Cost of Goods Sold:
Material                                                     0
Direct labor                                                 0
Direct overhead                                              0
                                                   ------------
Total cost of goods sold                                      0

Gross profit                                                  0

Operating Expenses:
Officer/insider compensation                            26,288
Selling & marketing                                          0
General & administrative                               302,547
Rent & lease                                            10,072
Other                                                        0
                                                   ------------
Total operating expenses                                338,907

Income before non-operating income & expense           (338,907)

Other Income & Expenses:
Non-operating income                               (23,362,310)
Non-operating expense                                        0
Interest expense                                             0
Depreciation/depletion                                       0
Amortization                                                 0
Other - interest income                               (193,174)
                                                   ------------
Net other income & expenses                         (23,555,484)

Reorganization Expenses:
Professional fees                                    1,111,720
U.S. Trustee fees                                            0
Other                                                        0
                                                   ------------
Total reorganization expenses                                 0
                                                   ------------
Income tax                                                    0
                                                   ------------
Net profit (loss)                                   $23,216,577
                                                   ============

                      Opus West Corporation
                  Cash Receipts & Disbursements
              For the month ended November 30, 2009

Cash - beginning of period                           $7,278,849

Receipts From Operations:
Cash sales                                                8,500

Collection of Accounts Receivable:
Prepetition                                                  0
Postpetition                                                 0
                                                   ------------
Total operating receipts                                  8,500

Non-operating Receipts:
Loans & advances                                             0
Sale of assets                                               0
Other                                                   42,833
                                                   ------------
Total non-operating receipts                             42,833

Total receipts                                           51,333

Total cash available                                  7,330,182

Operating Disbursements:
Net payroll                                             95,969
Payroll taxes paid                                      16,028
Sales, use & other taxes paid                                0
Secured/rental/leases                                   27,409
Utilities                                                4,554
Insurance                                                5,066
Inventory purchases                                          0
Vehicle expenses                                             0
Travel                                                   5,899
Entertainment                                              227
Repairs & maintenance                                        0
Supplies                                                   523
Advertising                                                  0
Other                                                   77,431
                                                   ------------
Total operating disbursements                           233,106

Reorganization Expenses:
Professional fees                                    1,208,584
U.S. Trustee fees                                            0
Other                                                   47,167
                                                   ------------
Total reorganization expenses                         1,255,751
                                                   ------------
Total disbursements                                   1,488,857
                                                   ------------
Net cash flow                                        (1,437,524)
                                                   ------------
Cash - end of period                                 $5,841,325
                                                   ============

                          Opus West L.P.
                          Balance Sheet
                     As of November 30, 2009

ASSETS:
Unrestricted cash                                      $309,892
Restricted cash                                               0
                                                   ------------
Total cash                                              309,892

Accounts receivable                                   6,065,529
Inventory                                                     0
Notes receivable                                              0
Prepaid expenses                                              0
Other security deposits                                       0
                                                   ------------
Total current assets                                  6,375,421

Property, plant, & equipment                                  0
Less: accumulated depreciation/depletion                      0
                                                   ------------
Net property, plant, & equipment                              0

Due from insiders                                             0
Other assets                                                  0
                                                   ------------
Total assets                                         $6,375,421
                                                   ============

POSTPETITION LIABILITIES:
Accounts payable                                             $0
Taxes payable                                            40,924
Notes payable                                                 0
Professional fees                                             0
Secured debt                                                  0
Other - employee benefits                                     0
                                                   ------------
Total postpetition liabilities                           40,924

PREPETITION LIABILITIES:
Secured debt                                           $639,806
Priority debt                                                 0
Unsecured debt                                        1,618,500
Other - GAAP accruals                                 1,541,924
                                                   ------------
Total prepetition liabilities                         3,800,230
                                                   ------------
Total liabilities                                     3,841,154

EQUITY:
Prepetition owners' equity                           32,047,284
Postpetition cumulative profit(loss)                (26,444,517)
Direct charges to equity                             (3,068,500)
                                                   ------------
Total equity                                          2,534,267
                                                   ------------
Total liabilities & owners' equity                   $6,375,421
                                                   ============

                        Opus West L.P.
                       Income Statement
              For the month ended November 30, 2009

Revenues:
Gross revenue                                                $0
Less: returns & discounts                                     0
                                                   ------------
Net revenue                                                   0

Cost of Goods Sold:
Material                                                      0
Direct labor                                                  0
Direct overhead                                              30
                                                   ------------
Total cost of goods sold                                     30

Gross profit                                                (30)

Operating Expenses:
Officer/insider compensation                                 0
Selling & marketing                                          0
General & administrative                                  (173)
Rent & lease                                                 0
Other                                                        0
                                                   ------------
Total operating expenses                                   (173)

Income before non-operating income & expense                143

Other Income & Expenses:
Non-operating income                                         0
Non-operating expense                                        0
Interest expense                                             0
Depreciation/depletion                                       0
Amortization                                                 0
Other - interest income                                      0
                                                   ------------
Net other income & expenses                                   0

Reorganization Expenses:
Professional fees                                            0
U.S. Trustee fees                                            0
Other                                                        0
                                                   ------------
Total reorganization expenses                                 0
                                                   ------------
Income tax                                                    0
                                                   ------------
Net profit (loss)                                          $143
                                                   ============

                         Opus West L.P.
                  Cash Receipts & Disbursements
              For the month ended November 30, 2009

Cash - beginning of period                             $330,006

Receipts from Operations:
Cash sales                                                    0

Collection of Accounts Receivable:
Prepetition                                                  0
Postpetition                                                 0
                                                   ------------
Total operating receipts                                      0

Non-operating Receipts:
Loans & advances                                             0
Sale of assets                                               0
Other                                                      173
                                                   ------------
Total non-operating receipts                                173

Total receipts                                              173

Total cash available                                    330,179

Operating Disbursements:
Net payroll                                                  0
Payroll taxes paid                                           0
Sales, use & other taxes paid                                0
Secured/rental/leases                                        0
Utilities                                                    0
Insurance                                                2,258
Inventory purchases                                          0
Vehicle expenses                                             0
Travel                                                       0
Entertainment                                                0
Repairs & maintenance                                        0
Supplies                                                     0
Advertising                                                  0
Other                                                    3,029
                                                   ------------
Total operating disbursements                             5,287

Reorganization Expenses:
Professional fees                                        15,000
U.S. Trustee fees                                             0
Other                                                         0
                                                   ------------
Total reorganization expenses                            15,000
                                                   ------------
Total disbursements                                      20,287
                                                   ------------
Net cash flow                                           (20,114)
                                                   ------------
Cash - end of period                                   $309,892
                                                   ============

                   Other Opus West Affiliates

Three affiliates of Opus West Corporation also delivered separate
individual monthly operating reports to the Court.  The Opus West
affiliates reported these assets and liabilities as of
November 30, 2009:

Debtor Affiliate                 Total Assets     Total Debts
----------------                --------------  --------------
Opus West Construction Corp.       $9,090,437     $39,967,422
OW Commercial, Inc.                 2,705,303      12,125,036
Opus West Partners, Inc.              334,825               0

The Debtor affiliates listed net income or loss for the period
from November 1 to 30, 2009:

Company                                      Net Income (Loss)
-------------                                ----------------
Opus West Construction Corp.                         $287,245
OW Commercial Inc.                                          0
Opus West Partners Inc.                                 5,000

The Debtor affiliates also reported their cash receipts and
disbursements for the reporting period:

Company                   Receipts   Disbursements  Cash Flow
-------------           -----------  -------------  ---------
Opus West Construction      $43,617        $71,950   ($28,333)
OW Commercial Inc.                0          3,125     (3,125)
Opus West Partners Inc.           0         47,075     47,075

                     About Opus West Corporation

Based in Phoenix, Arizona, Opus West Corporation is a full-service
real estate development firm that focuses on acquiring,
constructing, operating, managing, leasing and/or disposing of
real estate development projects primarily located in the western
United States.

Opus West and its affiliates filed for Chapter 11 on July 6, 2009
(Bankr. N.D. Tex. Case No. 09-34356).  Clifton R. Jessup, Jr., at
Greenberg Traurig, LLP, represents the Debtors in their
restructuring efforts.  Franklin Skierski Lovall Hayward, LLP, is
co-counsel to the Debtors. Pronske & Patel, P.C., is conflicts
counsel.  Chatham Financial Corp. is financial advisor.  BMC Group
is the Company's claims and notice agent.  As of May 31, Opus West
-- together with its non-debtor affiliates -- had $1,275,334,000
in assets against $1,462,328,000 in debts.  In its bankruptcy
petition, Opus West said it had assets and debts both ranging from
$100 million to $500 million.

Opus West joins affiliates that previously filed for bankruptcy.
Opus East LLC, a real estate operator from Rockville, Maryland,
commenced a Chapter 7 liquidation on July 1 in Delaware.  Opus
South Corp., a Florida condominium developer based in Atlanta,
filed a Chapter 11 petition April 22 in Delaware.

Bankruptcy Creditors' Service, Inc., publishes Opus West
Bankruptcy News.  The newsletter tracks the separate Chapter 11
proceedings of Opus West Corp. and Opus South Corp. and their
related debtor-affiliates. (http://bankrupt.com/newsstand/
or 215/945-7000)


PAPER INTERNATIONAL: Ends November With $191,996 Cash
-----------------------------------------------------
On December 23, 2009, Paper International, Inc., et al., filed
a post-confirmation monthly operating report for the period
November 1, 2009, thorugh November 30, 2009.

The Debtors ended November 2009 with 191,996 in cash:

     Cash, beginning         $884,181
     Income or receipts          $166
     Total disbursements     $692,351
     Cash, end               $191,996

A full-text copy of the Company's post-confirmation monthly
operating report for November 2009 is available for free at:

       http://bankrupt.com/misc/paperint'l.novembermor.pdf

On November 20, 2009, Paper International, Inc., et al., filed
a post-confirmation monthly operating report for the period
October 1, 2009, thorugh October 31, 2009.

The Debtors ended October 2009 with $884,181 in cash:

     Cash, beginning         $2,027,018
     Income or receipts            $223
     Total disbursements     $1,143,061
     Cash, end                 $884,181

A full-text copy of the Company's post-confirmation monthly
operating report for October 2009 is available for free at:

        http://bankrupt.com/misc/paperint'l.octobermor.pdf

                      About Paper International

Headquartered in Prewitt, New Mexico, Paper International, Inc.
-- http://www.internationalpaper.com/-- is the wholly-owned
direct subsidiary of Corporacion Durango, S.A.B. de C.V., a
corporation organized under the laws of Mexico, which maintains
its principal place of business in Durango, Mexico.  The Debtor
currently owns 100% of the equity shares in Fiber Management of
Texas, Inc., a corporation organized under the laws of Texas, as
well as 100% of the equity shares in non-debtor Durango McKinley
Paper Company, a New Mexico company.  Paper International is a
holding company which has no employees, no operations, and whose
primary assets are its ownership interests in Durango McKinley and
Fiber Management.

Before August 2008, Fiber Management's primary business was the
procurement of paper materials to manufacture recycled paper
products for use by Durango McKinley and other paper manufacturing
affiliates of Corporacion Durango located in Mexico.  In August
2008, Fiber Management ceased procuring fiber and began winding up
all of its business operations.

Paper International and Fiber Management filed for Chapter 11
protection on October 6, 2008 (Bankr. S.D. N.Y. Lead Case No.08-
13917).  Larren M. Nashelsky, Esq., and Lorenzo Marinuzzi, Esq.,
at Morrison & Foerster LLP, represent the Debtors as counsel.
Eric Kate Mautner, Esq., at Bingham McCutchen LLP, represents the
Official Committee of Unsecured Creditors as counsel.  APS
Services, LLC, serves as the Debtors' crisis managers.  The
Debtors designated Meade Monger, a managing director of
AlixPartners, LLP, an affiliate of AP Services, as its chief
restructuring officer.  The Court appointed Kurtzman Carson
Consultants, LLC, as claims agent in the Debtors' bankruptcy case.

At March 31, 2009, the Debtors had $123,365,705 in total assets,
$552,348,876 in total liabilities, and $428,983,171 in
stockholders' deficit.


PFF BANKCORP: Posts $320,657 Net Loss in November
-------------------------------------------------
On December 18, 2009, PFF Bancorp, Inc., and Glencrest Investment
Advisors, Inc., Glencrest Insurance Services, Inc., Diversified
Builder Services, Inc., and PFF Real Estate Services, Inc., filed
their monthly operating reports for the period November 1, 2009,
to November 30,2009, with the United States Bankruptcy Court for
the District of Delaware.

PFF Bancorp reported a net loss of $320,657 for the month of
November 2009.  

The Company ended November 2009 with $2,400,604.  The Company paid
$284,808 in professional fees and reimbursed $2,838 in
professional expenses for the month of November 2009.

At November 30, 2009, PFF Bancorp had total assets of $15,416,592
and total liabilities of $117,430,056.

A full-text copy of the Debtors' November operating report is
available for free at http://researcharchives.com/t/s?4c6f

PFF Bancorp Inc. -- http://www.pffbank.com/-- was a non-
diversified unitary savings and loan holding company within the
meaning of the Home Owners' Loan Act with headquarters formerly
located in Rancho Cucamonga, California.  Bancorp is the direct
parent of each of the remaining Debtors.

Prior to filing for bankruptcy, Bancorp was also the direct parent
of PFF Bank & Trust, a federally chartered savings institution,
and said bank's subsidiaries.

PFF Bancorp Inc. and its affiliates sought Chapter 11 protection
on December 5, 2008 (Bankr. D. Del. Case No. 08-13127 to 08-
13131).  Chun I. Jang, Esq., and Paul N. Heath, Esq., at Richards,
Layton & Finger, P.A., represent the Debtors in their
restructuring efforts.  Kurtzman Carson Consultants LLC serves as
the Debtors' claims agent.  Jason W. Salib, Esq., at Blank Rome
LLP, represents the official committee of unsecured creditors as
counsel.


PROTOSTAR LTD: Posts $3.3 Million Net Loss in November
------------------------------------------------------
ProtoStar Ltd. filed with the U.S. Bankruptcy Court for the
District of Delaware on December 23, 2009, a monthly operating
report for the reporting period of November 2009.

ProtoStar Ltd. reported a net loss of $3.3 million for the month
of November.  Interest expense was approximately $3.4 million.

At November 30, 2009, ProtoStar Ltd. had total assets of
$356.2 million, total liabilities of $309.5 million, and net owner
equity of $46.6 million.

A full-text copy of the November report is available at no charge
at http://bankrupt.com/misc/protostarltd.novembermor.pdf


PROTOSTAR LTD: ProtoStar I Posts $5.3 Million Net Loss in November
------------------------------------------------------------------
ProtoStar I Ltd. filed with the U.S. Bankruptcy Court for the
District of Delaware on December 23, 2009, a monthly operating
report for the reporting period of November 2009.

The Debtor had cash and cash equivalents of $43.4 million at
November 30, 2009, which consists of $1.7 million of unrestricted
cash and equivalents and $41.7 million of restricted cash and
equivalents.  Beginning cash was $55.5 million.

ProtoStar I reported a net loss of $5.3 million for the month of
November.  Interest expense for the month of November totaled
$3.4 million .

At November 30, 2009, ProtoStar I had total assets of
$271.1 million and total liabilities of $298.3 million.

A full-text copy of the November report is available at no charge
at http://bankrupt.com/misc/protostarI.novembermor.pdf


PROTOSTAR LTD: ProtoStar II Posts $706,259 Net Loss in November
---------------------------------------------------------------
ProtoStar II Ltd. filed with the U.S. Bankruptcy Court for the
District of Delaware on December 23, 2009, a monthly operating
report for the reporting period of November 2009.

The Debtor had cash and cash equivalents of $2,051,527 at
November 30, 2009.  Beginning cash was $555,704.

ProtoStar II reported a net loss of $706,259 on net revenue of
$1.4 million for the month of November.

At October 31, 2009, ProtoStar II had total assets of
$274.0 million, total liabilities of $195.4 million, and net owner
equity of $78.6 million.

A full-text copy of the November report is available at no charge
at http://bankrupt.com/misc/protostarII.novembermor.pdf


RATHGIBSON INC: Reports $375,500 EBITDA in November
---------------------------------------------------
Bill Rochelle at Bloomberg News reports that RathGibson Inc. had a
$4.3 million net loss and a $2.25 million operating loss in
November on net sales of $14.3 million. Earnings before interest,
taxes, depreciation and amortization in the month were $373,500.

Based in Lincolnshire, Illinois, RathGibson Inc. --
http://www.RathGibson.com/, http://www.GreenvilleTube.com/
and http://www.ControlLine.com/-- is a worldwide manufacturer of
highly engineered stainless steel, nickel, and titanium tubing for
diverse industries such as chemical, petrochemical, energy --
power generation, energy -- oil and gas, food, beverage,
pharmaceutical, biopharmaceutical, medical, biotechnology, and
general commercial.

Manufacturing locations include: Janesville, Wisconsin, North
Branch, New Jersey, Clarksville, Arkansas (Greenville Tube), and
Marrero, Louisiana (Mid-South Control Line).  In addition to the
sales offices in Janesville, North Branch, and Marrero, RathGibson
has also strategically placed sales offices in Houston, Texas,
USA; Shanghai, China; Manama, Bahrain; Melbourne, Australia;
Seoul, Republic of Korea; Mumbai, India; Singapore; Vienna,
Austria; and Buenos Aires, Argentina.

RathGibson, Inc., together with three affiliates, filed for
Chapter 11 on June 13, 2009 (Bankr. D. Del. Case No. 09-12452).
Attorneys at Young, Conaway, Stargatt & Taylor and Willkie Farr &
Gallagher LLP serve as co-counsel.  Jefferies & Company Inc. and
Mesirow Financial Consulting LLC have been hired as financial
advisors.  Kelley Drye & Warren LLP serves as special corporate
counsel.  Garden City Group is claims and notice agent.  The
petition says that Rathgibson has assets and debts of $100 million
to $500 million.

Scott Welkis, Esq., Kristopher M. Hansen, Esq., and Jayme T.
Goldstein, Esq., at Stroock & Stroock & Lavan represent Wilmington
Trust FSB, as administrative agent, and an ad hoc committee of
certain holders of Senior Notes.  Attorneys at Richards, Layton &
Finger P.A., also represent the ad hoc noteholders committee.


READER'S DIGEST: Reports $10,000,000 Net Income for November
------------------------------------------------------------
         The Reader's Digest Association, Inc., et al.
                    Combined Balance Sheet
                    As of November 30, 2009

Assets
Current assets:
  Cash and cash equivalents                        $195,900,000
  Restricted cash                                     2,300,000
  Accounts receivable & other receivables, net      121,200,000
  Inventories                                        54,000,000
  Intercompany receivable                            41,600,000
  Investment in subsidiaries, at cost             1,688,500,000
  Other current assets                              132,100,000
                                                 --------------
     Total current assets                         2,235,600,000

Property, plant and equipment, net                   37,700,000
Restricted cash                                       9,100,000
Goodwill                                            410,100,000
Other intangible assets, net                        155,300,000
Other noncurrent assets                             237,100,000
                                                 --------------
Total assets                                     $3,084,900,000
                                                 ==============

Liabilities and stockholder's deficit
Current liabilities:
  Short-term borrowings                            $150,000,000
  Accounts payable                                   77,700,000
  Accrued expenses                                   61,100,000
  Other current liabilities                         308,800,000
                                                 --------------
     Total current liabilities                      597,600,000

Unearned revenues                                   150,400,000
Postretirement and postemployment
  benefits other than pensions                       13,200,000
Intercompany long-term                               99,500,000
Other noncurrent liabilities                        211,800,000
                                                 --------------
Liabilities not subject to compromise             1,072,500,000

Liabilities subject to compromise                 2,428,400,000
                                                 --------------
Total Liabilities                                 3,500,900,000
                                                 --------------
Total stockholder's deficit                        (416,000,000)
                                                 --------------
Total liabilities and stockholder's deficit      $3,084,900,000
                                                 ==============

         The Reader's Digest Association, Inc., et al.
               Combined Statement of Operations
                 Month Ended November 30, 2009

Revenues                                            $87,400,000

Product, distribution and editorial expenses         34,200,000
Promotion, marketing and admin. expenses             36,800,000
Other operating items, net                              500,000
                                                 --------------
Operating profit                                     15,900,000

Interest expense, including amortization              3,100,000
Other expense (income), net                          (1,200,000)
                                                 --------------
Income before reorganization items,                  14,000,000
  income taxes and discontinued operations

Reorganization items:
  Professional fees                                   5,200,000
  Gains on LSTC                                        (700,000)
  Compensation and retention                            700,000
  Other                                                 500,000
                                                 --------------
Total Reorganization items                            5,700,000
                                                 --------------
Income before income taxes and                        8,300,000
  discontinued operations

Income tax provision                                 (1,700,000)
                                                 --------------
Income from continuing operations                    10,000,000

Income from discontinued operations, net of tax               -
                                                 --------------
Net Income                                          $10,000,000
                                                 ==============

         The Reader's Digest Association, Inc., et al.
               Combined Statement of Cash Flows
                 Month Ended November 30, 2009

Cash flows from operating activities:
Net Income                                          $10,000,000
Adjustments to reconcile net loss to
operating cash flows:
  Income from discontinued operations, net                    -
  Depreciation and amortization                       2,400,000
  Amortization of debt issuance costs                 1,400,000
Changes in assets and liabilities, net:
  Restricted cash                                    (3,300,000)
  Accounts receivable, net                            5,200,000
  Inventories                                        (2,800,000)
  Prepaid and deferred promotion costs                2,400,000
  Other assets                                          700,000
  Unearned revenues                                  (4,000,000)
  Income taxes                                       (1,800,000)
  Intercompany payables/receivables                   1,400,000
  Accounts payable and accrued expenses              (2,700,000)
  Other liabilities                                  (1,900,000)
                                                 --------------
Net change in cash due to                             7,000,000
  continuing operating activities

Net change in cash due to discontinued
  operating activities                                  100,000
                                                 --------------
Net change in cash due to operating activities        7,100,000

Cash flows from investing activities:
  Proceeds from Note                                          -
  Capital expenditures                                 (400,000)
                                                 --------------
Net change in cash due to investing activities         (400,000)
  Short-term borrowings, net                                  -
  Effect of exchange rate changes on cash            (1,500,000)
                                                 --------------
  Net change in cash and cash equivalents             5,200,000

  Cash & cash equiv. at beginning of period         190,700,000
                                                 --------------
Cash & cash equivalents at end of period           $195,900,000
                                                 ==============

               About The Reader's Digest Association

RDA is a global multi-brand media and marketing company that
educates, entertains and connects audiences around the world.  The
company builds multi-platform communities based on branded
content.  With offices in 44 countries, it markets books,
magazines, and music, video and educational products reaching a
customer base of 130 million in 78 countries.  It publishes 94
magazines, including 50 editions of Reader's Digest, the world's
largest-circulation magazine, operates 65 branded Web sites
generating 22 million unique visitors per month, and sells
40 million books, music and video products across the world each
year.  Its global headquarters are in Pleasantville, N.Y.

Reader's Digest said that as of June 30, 2009, it had total assets
of $2.2 billion against total debts of $3.4 billion.

Reader's Digest, together with its 47 affiliates, filed for
Chapter 11 on August 24 (Bankr. S.D.N.Y. Case No. 09-23529).
Kirkland & Ellis LLP has been engaged as general restructuring
counsel.  Mallet-Prevost, Colt & Mosle LLP has been tapped as
conflicts counsel.  Ernst & Young LLP is auditor.  Miller Buckfire
& Co, LLC, is financial advisor.  AlixPartners, LLC, is
restructuring consultant.  Kurtzman Carson Consultants is notice
and claims agent.

The Official Committee of Unsecured Creditors is tapping BDO
Seidman, LLP, as financial advisor, Trenwith Securities, LLP, as
investment banker and Otterbourg, Steindler, Houston & Rosen,
P.C., as counsel.

Bankruptcy Creditors' Service, Inc., publishes Reader's Digest
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Reader's Digest and its affiliates
(http://bankrupt.com/newsstand/or 215/945-7000)


SILICON GRAPHICS: Ends November With $1,900,658 Cash
----------------------------------------------------
On December 18, 2009, Graphics Properties Holdings, Inc., f/k/a
Silicon Graphics, Inc., filed with the U.S Bankruptcy Court for
the Southern District of New York a monthly operating report for
the period from November 1, 2009, to November 30, 2009.

The Debtor ended November 2009 with $1,900,658 in cash:

     Cash, beginning         $2,714,732
     Total disbursements       $814,074
     Net cash flow            ($814,074)
     Cash, end               $1,900,658

A full-text copy of the November 2009 operating report is  
available at no charge at:

   http://bankrupt.com/misc/graphicsproperties.novembermor.pdf

The Debtor ended October 2009 with $2,714,732 in cash:

     Cash, beginning         $3,146,564
     Total disbursements       $431,832
     Net cash flow            ($431,832)
     Cash, end               $2,714,732

A full-text copy of the October 2009 operating report is available
at no charge at:

    http://bankrupt.com/misc/graphicsproperties.octobermor.pdf

Headquartered in Sunnyvale, California, Silicon Graphics Inc.
n/k/a Graphics Properties Holdings, Inc. -- http://www.sgi.com/--
delivers an array of server, visualization, and storage software.

This is the second bankruptcy filing for Silicon Graphics.  The
Debtors first filed for Chapter 11 on May 8, 2006 (Bankr. S.D.N.Y.
Case Nos. 06-10977 through 06-10990).  Gary Holtzer, Esq., and
Shai Y. Waisman, Esq., at Weil Gotshal & Manges LLP, represent the
Debtors in their restructuring efforts.  The Court confirmed
the Debtors' Plan of Reorganization on September 19, 2006.  When
the Debtors filed for protection from their creditors, they listed
total assets of $369,416,815 and total debts of $664,268,602.

The Company and 14 of its affiliates filed for protection for the
second time on April 1, 2009 (Bankr. S.D.N.Y. Lead Case No.
09-11701).  Mark R. Somerstein, Esq., at Ropes & Gray LLP,
represents the Debtors in their restructuring efforts.  The
Debtors proposed AlixPartners LLC as restructuring advisor;
Houlihan Lokey Howard & Zukin Capital, Inc., as financial advisor;
and Donlin, Recano & Company, Inc., as claims and noticing agent.
When the Debtors filed for protection from their creditors, they
listed $390,462,000 in total assets and $526,548,000 in total
debts as of 2008.

On June 4, 2009, the Company amended its Amended and Restated
Certificate of Incorporation pursuant to the Certificate of
Amendment of Amended and Restated Certificate of Incorporation of
Silicon Graphics, Inc., to change its name to Graphics Properties
Holdings, Inc.


SPANSION INC: Records $213,946 Loss for Month Ended Nov. 22
-----------------------------------------------------------
Spansion Executive Vice President and Chief Financial Officer
Randy Furr filed on December 21, 2009, Spansion Inc.'s monthly
operating report for November 2009.

Mr. Furr notes that Spansion Inc., is the holding company
that directly and indirectly owns Spansion LLC, the principal
operating company of Spansion.  It does not have any employees,
nor does it conduct any business that generates any revenue.  It
also does not file any separate income or payroll tax returns, he
says.  However, Spansion Inc., is the parent company for
Spansion's federal consolidated and California worldwide unitary
tax returns.

A full-text copy of Spansion Inc.'s November Operating Report is
available for free at:

         http://bankrupt.com/misc/Spansion_IncNovMOR.pdf

                         Spansion Inc.
                         Balance Sheet
                    As of November 22, 2009

ASSETS
Unrestricted Cash & Cash Equivalents                       $0
Restricted Cash & Cash Equivalents                          0
Accounts Receivable (net)                                   0
Notes Receivable                                            0
Inventories                                                 0
Prepaid Expenses                                            0
Professional Retainers                                      0
Other Current Assets                               14,229,259
                                                  ------------
Total current assets                                14,229,259

Property and Equipment                                       0
Real Property & Improvements                                0
Machinery and Equipment                                     0
Furniture, fixtures & Office Equipment                      0
Leasehold Improvements                                      0
Vehicles                                                    0
Less Accumulated Depreciation                               0
                                                  ------------
Total Property and Equipment                                0
OTHER ASSETS
Loans to Insiders
OTHER ASSETS                                                0
                                                  ------------
Total Other Assets                                           0
                                                  ------------
Total Assets                                       $14,229,259
                                                  ============

LIABILITIES AND OWNER EQUITY
Liabilities Not Subject to Compromise (Postpetition)
Accounts Payable                                           $0
Taxes Payable                                               0
Wages Payable                                               0
Notes Payable                                               0
Rent/Lease                                                  0
Secured Debt                                                0
Professional Fees                                           0
Amounts Due to Insiders                                     0
Other Postpetition Liabilities                              0
                                                  ------------
Total Postpetition Liabilities                               0
Liabilities Subject to Compromise Prepetition
Secured Debt                                                0
Priority Debt                                               0
Intercompany Payable                                   64,907
Unsecured Debt                                              0
                                                  ------------
Total Prepetition Liabilities                          64,907
                                                  ------------
Total Liabilities                                       64,907
OWNER EQUITY
Capital Stock                                         162,030
Additional Paid-in Capital                      2,361,868,288
Partners' Capital Account                                   0
Owner's Equity Account                                      0
Retained Earnings-Prepetition                  (2,340,367,595)
Retained Earnings-Postpetition                     (7,498,370)
Adjustments to Owner Equity                                 0
Postpetition Contributions                                  0
                                                  ------------
Net Owner Equity                                   14,164,352
                                                  ------------
Total Liabilities and Owner Equity                 $14,229,259
                                                  ============

                         Spansion Inc.
                   Statement of Operations
      For the Period October 26 through November 22, 2009

REVENUES
Gross Revenues                                             $0
Less: Returns & Allowances                                  0
                                                  ------------
Net Revenue                                                 0
Cost of Goods Sold
Add: Other costs                                       141,113
Gross Profit                                                 0
Cost of Goods Sold                                     141,113
                                                  ------------
Gross Profit                                          (141,113)
Operating Expenses
Advertising                                                 0
Auto and Truck Expense                                      0
Bad Debts                                                   0
Contributions                                               0
Employee Benefits Programs                                  0
Insider Compensation                                        0
Insurance                                                   0
Management Fees/Bonuses                                     0
Office Expense                                              0
Pension & Profit-sharing Plans                              0
Repairs and Maintenance                                     0
Rent and Lease Expense                                      0
Salaries/Commissions/Fees                                   0
Supplies                                                    0
Taxes-Payroll                                               0
Taxes-Real Estate                                           0
Taxes-Others                                                0
Travel and Entertainment                                    0
Utilities                                                   0
Other                                                  72,833
                                                  ------------
Total Operating Expense Before Depreciation            72,833
Depreciation/Depletion/Amortization                          0
                                                  ------------
Net Profit(loss) Before Other Income & Expenses       (213,946)

OTHER INCOME AND EXPENSES
Other Income                                                0
Interest Expense                                            0
Other Expense                                               0
                                                  ------------
Net Profit(loss)Before Reorganization Items          (213,946)
Reorganization Items
Professional Fees                                           0
U.S. Trustee Quarterly Fees                                 0
Income Taxes                                                0
                                                  ------------
Net Profit(loss)                                     ($213,946)
                                                  ============

                        About Spansion Inc.

Spansion Inc. (NASDAQ: SPSN) -- http://www.spansion.com/-- is a
Flash memory solutions provider, dedicated to enabling, storing
and protecting digital content in wireless, automotive,
networking and consumer electronics applications.  Spansion,
previously a joint venture of AMD and Fujitsu, is the largest
company in the world dedicated exclusively to designing,
developing, manufacturing, marketing, selling and licensing Flash
memory solutions.

Spansion Inc., Spansion LLC, Spansion Technology LLC, Spansion
International, Inc., and Cerium Laboratories LLC filed voluntary
petitions for Chapter 11 on March 1, 2009 (Bankr. D. Del. Lead
Case No. 09-10690).  On February 9, 2009, Spansion's Japanese
subsidiary, Spansion Japan Ltd., voluntarily entered into a
proceeding under the Corporate Reorganization Law (Kaisha Kosei
Ho) of Japan to obtain protection from its creditors as part of
the company's restructuring efforts. None of Spansion's
subsidiaries in countries other than the United States and Japan
are included in the U.S. or Japan filings.  Michael S. Lurey,
Esq., Gregory O. Lunt, Esq., and Kimberly A. Posin, Esq., at
Latham & Watkins LLP, have been tapped as bankruptcy counsel.
Michael R. Lastowski, Esq., at Duane Morris LLP, is the Delaware
counsel.  Epiq Bankruptcy Solutions LLC, is the claims agent.
The United States Trustee has appointed an official committee of
unsecured creditors in the case.  As of September 30, 2008,
Spansion disclosed total assets of US$3,840,000,000, and total
debts of US$2,398,000,000.

Spansion Japan Ltd. filed a Chapter 15 petition on April 30, 2009
(Bankr. D. Del. Case No. 09-11480).  The Chapter 15 Petitioner's
counsel is Gregory Alan Taylor, Esq., at Ashby & Geddes.  It said
that Spansion Japan had US$10 million to US$50 million in assets
and US$50 million to US$100 million in debts.

Bankruptcy Creditors' Service, Inc., publishes Spansion Bankruptcy
News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Spansion Inc. and its affiliates
(http://bankrupt.com/newsstand/or 215/945-7000)


SPANSION INC: Spansion LLC Records $3 Mil. Profit for November
--------------------------------------------------------------
Spansion LLC Executive Vice President and Chief Financial Officer
Randy Furr filed on December 21, 2009, Spansion LLC's monthly
operating report for November 2009.  Spansion LLC is the
principal operating company of the Debtors.  It is the parent
company of Spansion International, Inc., and all other foreign
Spansion entities.

According to Mr. Furr, Spansion LLC has employees, and
conducts businesses that generate revenue.  It files its own
payroll tax returns, and it is included in Spansion Inc.'s
federal consolidated and California worldwide unitary tax
returns.

Mr. Furr further notes that Spansion LLC recognizes the operating
results of its wholly owned subsidiaries worldwide based on the
equity method of accounting.  However, since one of its
subsidiaries, Spansion Japan Limited, filed a proceeding under
the Corporate Reorganization Law (Kaisha Kosei Ho) of Japan on
February 10, 2009, which was formally commenced on March 3,
Spansion LLC no longer "controls" SPJ.  SPJ's results are no
longer consolidated in Spansion Inc.'s consolidated financial
results effective March 2009, and have never been reflected in
Spansion LLC's monthly Operating Reports.

                          Spansion LLC
                          Balance Sheet
                    As of November 22, 2009

ASSETS
Unrestricted Cash & Cash Equivalents             $298,366,459
Short Term Investment                            $107,275,001
Restricted Cash & Cash Equivalents                  4,193,632
Accounts Receivable (net)                          71,636,452
Notes Receivable                                            0
Inventories                                       140,349,814
Prepaid Expenses                                    6,210,618
Professional Retainers                              1,425,855
Intercompany Receivables                          417,277,683
Other Current Assets                               39,914,815
                                                --------------
Total current assets                            $1,086,650,328

Property and Equipment
Real Property & Improvements                       13,078,518
Machinery and Equipment                         1,109,541,535
Furniture, fixtures & Office Equipment                      0
Leasehold Improvements                            734,358,529
Vehicles                                                    0
Less Accumulated Depreciation                  (1,593,940,578)
                                                --------------
Total Property and Equipment                      263,038,004
OTHER ASSETS
Loans to Insiders
Intercompany Investments                          148,163,203
Other assets                                       48,283,601
                                                --------------
Total Other Assets                                 196,446,804
                                                --------------
Total Assets                                    $1,546,135,136
                                                ==============

LIABILITIES AND OWNER EQUITY
Liabilities Not Subject to Compromise (Postpetition)
Accounts Payable                                  $37,696,959
Taxes Payable                                       3,234,591
Wages Payable                                       4,022,956
Secured Debt                                       64,322,981
Accrued Expense                                    33,517,328
Deferred Income                                    33,829,867
Intercompany                                      213,866,012
Other Postpetition Liabilities                     49,678,579
                                                --------------
Total Postpetition Liabilities                     440,169,274

Liabilities Subject to Compromise Prepetition
Secured Debt                                      665,734,789
Priority Debt                                      20,809,711
Unsecured Debt                                    676,062,074
Intercompany                                      262,395,932
                                                --------------
Total Prepetition Liabilities                   1,625,002,505
                                                --------------
Total Liabilities                                2,065,171,779
OWNER EQUITY
Intercompany Common Stock                       2,289,379,270
Additional Paid-in Capital                        124,015,097
Partners' Capital Account                                   0
Owner's Equity Account                                      0
Retained Earnings-Prepetition                  (2,933,120,971)
Retained Earnings-Postpetition                     (4,826,698)
Retained Earnings-Adjustment                        5,516,659
                                                --------------
Net Owner Equity                                 (519,036,643)
                                                --------------
Total Liabilities and Owner Equity              $1,546,135,136
                                                ==============

                         Spansion LLC
                  Statement of Operations
     For the Period October 26 through November 22, 2009

REVENUES
Gross Revenues                                    $89,280,646
Less: Changes in reserves                            (733,627)
                                                --------------
Net Revenue                                        88,547,019
Cost of Goods Sold
Manufacturing expense                              36,130,261
Disty/OEM cost adjustment                            (671,645)
Intercompany purchase                              30,372,066
Foreign currency gain/loss                            890,213
Inventory change                                   (4,562,728)
                                                --------------
Cost of Goods Sold                                  62,158,167
                                                --------------
Gross Profit                                        26,388,852
Operating Expenses
Building Expense                                    1,040,981
Labor & Benefits                                    7,789,927
Freight                                                 8,617
Marketing and communications                           39,235
Material                                              384,771
Outside Services                                    6,367,041
Repair & Maintenance                                  291,171
Telecom and Software                                  513,384
Travel                                                237,935
Other                                               1,082,818
                                                --------------
Total Operating Expenses                            17,755,881
Depreciation/Depletion/Amortization                    747,810
                                                --------------
Net Profit (loss) Before Income & Expenses           7,885,161

OTHER INCOME AND EXPENSES
Other loss (Income), net                           (3,049,786)
Interest Expense                                    2,046,832
Other Expense                                               0
                                                --------------
Net Profit(loss)Before Reorganization Items         8,888,116
Reorganization Items
Professional Fees                                   2,752,177
Interest Earned on Accumulated Cash
From Chapter 11                                       (51,167)
Other Reorganization Expenses                       3,173,082
                                                --------------
Total reorganization expenses                        5,874,092
Income Taxes                                              186
                                                --------------
Net Profit (loss)                                   $3,013,837
                                                ==============

                         Spansion LLC
         Schedule of Cash Receipts and Disbursement
    For the Period October 26 Through November 22, 2009

Cash Beginning of Month                           $274,844,129
Receipts
Customer Receipts                                  72,304,094
Intercompany Transfer                                       0
Other Receipts                                      9,438,184
                                                --------------
Total Receipts                                     81,742,278
Disbursements
Buildings                                           1,358,033
Foundry & Subcon                                    2,373,937
Intercompany Disbursements                                  0
Labor & Benefits                                   12,682,173
Material                                           12,680,977
Other                                               1,513,378
Outside Services                                    3,694,863
Repair & Maintenance                                1,900,379
Capital Expenditures                                2,760,175
Debt Obligations & Capital Leases                     864,065
Taxes                                                 389,831
Facility Closure Costs                                      0
Key Employee Incentive Plan                           902,403
Reduction in Force                                    338,397
Restructuring Professional Fees                     4,224,991
Utilities Deposit                                           0
Intercompany Transfers(debtor entities)             1,529,948
Intercompany Transfers(non-debtor entities)        11,006,398
                                                --------------
Total Disbursements                                58,219,948
Net Cash Inflow/(Outflow)                           23,522,330
                                                --------------
Cash End of Month                                 $298,366,459
                                                ==============

A full-text copy of Spansion LLC's November Operating Report is
available for free at:

           http://bankrupt.com/misc/Spansion_LLCmor.pdf

                        About Spansion Inc.

Spansion Inc. (NASDAQ: SPSN) -- http://www.spansion.com/-- is a
Flash memory solutions provider, dedicated to enabling, storing
and protecting digital content in wireless, automotive,
networking and consumer electronics applications.  Spansion,
previously a joint venture of AMD and Fujitsu, is the largest
company in the world dedicated exclusively to designing,
developing, manufacturing, marketing, selling and licensing Flash
memory solutions.

Spansion Inc., Spansion LLC, Spansion Technology LLC, Spansion
International, Inc., and Cerium Laboratories LLC filed voluntary
petitions for Chapter 11 on March 1, 2009 (Bankr. D. Del. Lead
Case No. 09-10690).  On February 9, 2009, Spansion's Japanese
subsidiary, Spansion Japan Ltd., voluntarily entered into a
proceeding under the Corporate Reorganization Law (Kaisha Kosei
Ho) of Japan to obtain protection from its creditors as part of
the company's restructuring efforts. None of Spansion's
subsidiaries in countries other than the United States and Japan
are included in the U.S. or Japan filings.  Michael S. Lurey,
Esq., Gregory O. Lunt, Esq., and Kimberly A. Posin, Esq., at
Latham & Watkins LLP, have been tapped as bankruptcy counsel.
Michael R. Lastowski, Esq., at Duane Morris LLP, is the Delaware
counsel.  Epiq Bankruptcy Solutions LLC, is the claims agent.
The United States Trustee has appointed an official committee of
unsecured creditors in the case.  As of September 30, 2008,
Spansion disclosed total assets of US$3,840,000,000, and total
debts of US$2,398,000,000.

Spansion Japan Ltd. filed a Chapter 15 petition on April 30, 2009
(Bankr. D. Del. Case No. 09-11480).  The Chapter 15 Petitioner's
counsel is Gregory Alan Taylor, Esq., at Ashby & Geddes.  It said
that Spansion Japan had US$10 million to US$50 million in assets
and US$50 million to US$100 million in debts.

Bankruptcy Creditors' Service, Inc., publishes Spansion Bankruptcy
News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Spansion Inc. and its affiliates
(http://bankrupt.com/newsstand/or 215/945-7000)


THORNBURG MORTGAGE: Ends November With $27,677,968 Cash
-------------------------------------------------------
On December 22, 2009, the Chapter 11 trustee for TMST, Inc.,
formerly known as Thornburg Mortgage, Inc., filed on behalf of the
Debtors, except for ADFITECH Inc., a monthly operating report
covering the period from November 1, 2009, through November 30,
2009.  Also on November 20, 2009, ADFITECH filed a monthly
operating report covering the period from November 1, 2009,  
through November 30, 2009.

TMST, Inc., et al. ended November with $27,677,968 cash.  The
Debtors posted a net loss of $4,254,109 for the month.  At
November 30, 2009, the Debtors had $153,039,349 in total assets
and $3,470,222,552 in total liabilities.

A full-text copy of the TMST, Inc.'s November 2009 operating
report is available at no charge at:

               http://researcharchives.com/t/s?4c6d

ADFITECH ended November with $11,242,694 cash.  ADFITECH reported
net income of $460,539 on total operating revenue of $2,622,099
for the period.  At November 30, 2009, ADFITECH had $31,397,216 in
total assets and $1,640,129,890 in total liabilities.

A full-text copy of the ADFITECH, Inc.'s November 2009 operating
report is available at no charge at:

               http://researcharchives.com/t/s?4c6e


Thornburg Mortgage, Inc., and its four affiliates filed for
Chapter 11 on May 1 (Bankr. D. Md. Lead Case No. 09-17787).  Judge
Duncan W. Keir is handling the case.

David E. Rice, Esq., at Venable LLP, in Baltimore, Maryland, has
been tapped as counsel.  Orrick, Herrington & Sutcliffe LLP is
employed as special counsel.  Jim Murray, and David Hilty, at
Houlihan Lokey Howard & Zukin Capital, Inc., have been tapped as
investment banker and financial advisor.  Protiviti Inc. has also
been engaged for financial advisory services.  KPMG LLP is the tax
consultant.  Epiq Systems, Inc., is claims and noticing agent.  In
its bankruptcy petition, Thornburg listed total assets of
$24,400,000,000 and total debts of $24,700,000,000, as of
January 31, 2009.


TRIBUNE CO.: Holds $1.34 Billion Cash on Nov. 22
------------------------------------------------
Bill Rochelle at Bloomberg News reports that Tribune Co. reported
a $39.7 million operating profit for a month ended Nov. 22 on
revenue of $252 million.  The net income for the month was
$500 million thanks to $471 million in income from the sale of the
Chicago Cubs professional baseball club and Wrigley Field where
the team plays.  

According to the report, from the inception of the case in
December 2008, the cumulative net loss is $2.8 billion on revenue
of $3 billion.  The aggregate loss from continuing operations is
$3.3 billion.

The balance sheet for Nov. 22 show the Company holding
$1.34 billion in cash and cash equivalents.

The monthly report includes only the companies in Chapter 11
reorganization and doesn't eliminate intercompany revenue and
expense, the footnotes say.

                       About Tribune Co.

Headquartered in Chicago, Illinois, Tribune Co. --
http://www.tribune.com/-- is a media company, operating
businesses in publishing, interactive and broadcasting, including
ten daily newspapers and commuter tabloids, 23 television
stations, WGN America, WGN-AM and the Chicago Cubs baseball team.

The Company and 110 of its affiliates filed for Chapter 11
protection on Dec. 8, 2008 (Bankr. D. Del. Lead Case No. 08-
13141).  The Debtors proposed Sidley Austion LLP as their counsel;
Cole, Schotz, Meisel, Forman & Leonard, PA, as Delaware counsel;
Lazard Ltd. and Alvarez & Marsal North Americal LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims agent.  As
of Dec. 8, 2008, the Debtors have $7,604,195,000 in total assets
and $12,972,541,148 in total debts.

Bankruptcy Creditors' Service, Inc., publishes Tribune Bankruptcy
News.  The newsletter tracks the Chapter 11 proceeding undertaken
by Tribune Company and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


TRONOX INC: Incurs $11.9 Million Net Loss for November
------------------------------------------------------
            TRONOX INCORPORATED CHAPTER 11 DEBTORS
       Unaudited Condensed Consolidated Balance Sheet
                    As of November 31, 2009

ASSETS
Cash and cash equivalents                           $59,000,000
Notes and accounts receivable intercompany          353,700,000
Accounts receivable, third parties                   88,100,000
Inventories, net                                    102,000,000
Prepaid and other assets                             16,200,000
Income tax receivable                                   500,000
Deferred income taxes                                 1,200,000
                                                 ---------------
Total Current Assets                               620,700,000

Property, plant and equipment, net                  180,500,000
Notes and advances receivable, intercompany         107,200,000
Other long-term assets                              386,700,000
                                                ----------------
Total Assets                                      $1,295,100,000
                                                ================

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable, third parties                     $44,700,000
Accrued liabilities                                  46,100,000
Long-term debt due within one year                   10,000,000
Income taxes payable                                  1,400,000
Long-term debt classified as current                212,600,000
                                                ----------------
Total Current Liabilities                          314,800,000

Noncurrent liabilities:
Deferred income taxes                                24,100,000
Environmental remediation and restoration           132,700,000
Notes and advances payable, intercompany              9,900,000
Other                                               124,800,000
                                                ----------------
Total Liabilities
  Not Subject to Compromise                         606,300,000

Minority Interest                                     3,400,000

Liabilities Subject to compromise                   436,600,000

Commitments and contingencies                                 0

Stockholders' equity
Common stock                                            400,000
Capital in excess of par value                      496,200,000
Retained earnings (accumulated deficit)            (223,500,000)
Accumulated other comprehensive
  income (loss)                                      (17,100,000)
Treasury stock, at cost                              (7,200,000)
                                                ----------------
Total Stockholders' Equity                          248,800,000
                                                ----------------
Total Liabilities and Stockholders' Equity        $1,295,100,000
                                                ================

            TRONOX INCORPORATED CHAPTER 11 DEBTORS
  Unaudited Condensed Consolidated Statement of Operations
                 Month Ended November 30, 2009

Net Sales                                            $46,700,000
Cost of goods sold                                    37,700,000
                                                 ---------------
Gross margin                                          9,000,000
Selling, general and admin. Expenses                   2,000,000
Gain on land sales                                             0
Impairement of goodwill                               11,600,000
Restructuring charges                                  1,300,000
Provision for doubtful notes and accounts                      0
                                                ----------------
                                                     (5,900,000)

Interest and debt expense                              2,300,000
Other (income) expense, net                           (1,800,000)
Reorganization items                                   5,100,000
                                                ----------------
Income from continuing operations
before income taxes                                 (11,500,000)

Income tax provision (benefit)                                  0
                                                ----------------
Income (Loss) from continuing operations             (11,500,000)

Income (loss) from discontinued operations,
net of tax                                             (400,000)
                                                ----------------
Net income                                          ($11,900,000)
                                                ================

                         About Tronox Inc.

Headquartered in Oklahoma City, Tronox Incorporated (Pink Sheets:
TRXAQ, TRXBQ) is the world's fourth-largest producer and marketer
of titanium dioxide pigment, with an annual production capacity of
535,000 tonnes.  Titanium dioxide pigment is an inorganic white
pigment used in paint, coatings, plastics, paper and many other
everyday products.  The Company's four pigment plants, which are
located in the United States, Australia and the Netherlands,
supply high-performance products to approximately 1,100 customers
in 100 countries.  In addition, Tronox produces electrolytic
products, including sodium chlorate, electrolytic manganese
dioxide, boron trichloride, elemental boron and lithium manganese
oxide.

Tronox has $1.6 billion in total assets, including $646.9 million
in current assets, as at September 30, 2008.  The Company has
$881.6 million in current debts and $355.9 million in total
noncurrent debts.

Tronox Inc., aka New-Co Chemical, Inc., and 14 other affiliates
filed for Chapter 11 protection on January 13, 2009 (Bankr.
S.D.N.Y. Case No. 09-10156).  The case is before Hon. Allan L.
Gropper. Richard M. Cieri, Esq., Jonathan S. Henes, Esq., and
Colin M. Adams, Esq., at Kirkland & Ellis LLP in New York,
represent the Debtors.  The Debtors also tapped Togut, Segal &
Segal LLP as conflicts counsel; Rothschild Inc. as investment
bankers; Alvarez & Marsal North America LLC, as restructuring
consultants; and Kurtzman Carson Consultants serves as notice and
claims agent.

An official committee of unsecured creditors and an official
committee of equity security holders have been appointed in the
cases.  The Creditors Committee has retained Paul, Weiss, Rifkind,
Wharton & Garrison LLP as counsel.

Until September 30, 2008, Tronox Inc. was publicly traded on the
New York Stock Exchange under the symbols TRX and TRX.B.  Since
then, Tronox Inc. has traded on the Over the Counter Bulletin
Board under the symbols TROX.A.PK and TROX.B.PK.  As of
December 31, 2008, Tronox Inc. had 19,107,367 outstanding shares
of class A common stock and 22,889,431 outstanding shares of class
B common stock.

Bankruptcy Creditors' Service, Inc., publishes Tronox Bankruptcy
News.  The newsletter tracks the Chapter 11 proceeding undertaken
by Tronox Inc. and its 14 affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


VERMILLION INC: Posts $612,687 Net Loss in November
---------------------------------------------------
On December 22, 2009, Vermillion, Inc., filed its financial
statements included in the monthly operating report for the
periods from November 1, 2009, to November 30, 2009, with the
United States Bankruptcy Court for the District of Delaware.

Vermillion reported a net loss of $612,687 for the month of
November.

At November 30, 2009, the Debtor had total assets of $13.0 million
and total liabilities of 30.9 million, resulting in a
stockholders' deficit of $17.9 million.

A full-text copy of the Debtor's November operating report is
available for free at http://researcharchives.com/t/s?4c71

                       About Vermillion Inc.

Vermillion, Inc. -- http://www.vermillion.com/-- is dedicated to
the discovery, development and commercialization of novel high-
value diagnostic tests that help physicians diagnose, treat and
improve outcomes for patients.  Vermillion, along with its
prestigious scientific collaborators, has diagnostic programs in
oncology, hematology, cardiology and women's health.  Vermillion
is based in Fremont, California.

The Company filed for Chapter 11 on March 30, 2009 (Bankr. D. Del.
Case No. 09-11091).  Francis A. Monaco Jr., Esq., and Mark L.
Desgrosseilliers, Esq., at Womble Carlyle Sandridge & Rie, PLLC,
represent the Debtor as counsel.  At September 30, 2008, the
Debtor had $7,150,000 in total assets and $32,015,000 in total
liabilities.


WHITE ENERGY: Turns $2.9 Million Net Profit in October
------------------------------------------------------
Bill Rochelle at Bloomberg News reports that White Energy Inc.
reported a $2.9 million net profit in October on net sales of
$30.6 million.  From the inception of the reorganization, the
cumulative net profit is $1.1 million on $163 million in net
sales.  

White Energy has a plan on file where secured lenders owed
$308 million will take nearly all the new stock.

Headquartered in Dallas, Texas, White Energy, Inc. --
http://www.white-energy.com/-- owns three ethanol plants.  White
Energy's plants have a combined capacity of producing 240 million
gallons of ethanol a year, making it one of the 10 largest ethanol
producers in the U.S. and the second-largest gluten maker.  Two
plants are in Texas with the third in Kansas.  White spent $323
million building the plants in Texas.

The Company and its debtor-affiliates filed for Chapter 11 on
May 7, 2009 (Bankr. D. Del. Lead Case No. 09-11601).  Michael R.
Lastowski, Esq., at Duane Morris LLP, represents the Debtors in
their restructuring efforts.  The Debtors tapped The Garden City
Group Inc. as claims agent.  On the petition date, White Energy
disclosed assets and debts ranging from $100 million to
$500 million.


YOUNG BROADCASTING: Reports $4.8 Million November Profit
--------------------------------------------------------
Young Broadcasting Inc. reported a $4.8 million net profit in
November on total operating revenue of $18.9 million.  In the
month, net operating income was $7.4 million while reorganization
costs were $2 million.

Young is scheduled to begin a contested confirmation hearing on
Jan. 19 where competing plans will vie for approval
from the bankruptcy judge in New York.  The official creditors'
committee created its own plan to compete with the company's plan
where its constituency would be nearly wiped out.

                     About Young Broadcasting

Young Broadcasting, Inc. -- http://www.youngbroadcasting.com/--
owns 10 television stations and the national television
representation firm, Adam Young, Inc.  Five stations are
affiliated with the ABC Television Network (WKRN-TV -Nashville,
TN, WTEN-TV - Albany, NY, WRIC-TV - Richmond, VA, WATE-TV -
Knoxville, TN, and WBAY-TV - Green Bay, WI), three are affiliated
with the CBS Television Network (WLNS-TV - Lansing, MI, KLFY-TV -
Lafayette, LA and KELO-TV - Sioux Falls, SD), one is affiliated
with the NBC Television Network (KWQC-TV - Davenport, IA) and one
is affiliated with MyNetwork (KRON-TV - San Francisco, CA).  In
addition, KELO- TV- Sioux Falls, SD is also the MyNetwork
affiliate in that market through the use of its digital channel
capacity.

The Company and its affiliates filed for Chapter 11 protection on
February 13, 2009 (Bankr. S.D.N.Y. Lead Case No. 09-10645).  Jo
Christine Reed, Esq., at Sonnenschein Nath & Rosenthal LLP,
represents the Debtors in their restructuring effort.  The Debtors
selected UBS Securities LLC as consultant; Ernst & Young LLP as
accountant; Epiq Bankruptcy Solutions LLC as claims agent; and
David Pauker chief restructuring officer Andrew N. Rosenberg,
Esq., at Paul Weiss Rifkind Wharton & Harrison LLP, serves as
counsel to the official unsecured creditors committee.



                            *********

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.

The Sunday TCR delivers securitization rating news from the week
then-ending.

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.  Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Howard
C. Tolentino, Joseph Medel C. Martirez, Denise Marie Varquez,
Philline Reluya, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Carlo Fernandez, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

Copyright 2010.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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The TCR subscription rate is $775 for 6 months delivered via e-
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