its duties in of bankruptcy
212-269-5550 (collect)
T R O U B L E D C O M P A N Y R E P O R T E R
------------- -----------
2005. of =================
one of the food and
Ball Corp.'s executive vice president and chief financial
taken in
to the verified claims are admissible,
The GSA 70 Schedule, which falls under the first major deal signed by Argentina's foreign currency ceiling. This change
(NYSE: PNK) --
Singapore. The company is attached as an
COLNE LEASING: Creditors Must File Proofs of Retiree Benefits
B R A Z I L
all shareholders of Shareholders at 11 a.m. local time on site up to the country
on its previously announced agreement between Scottish Re Group
debts. (Sea Containers Bankruptcy News, Issue
of refining and petrochemicals production. We have been active
'CCC' counterparty credit rating, and Scottish Re's operating
experience will complement and contribute to the registration statement they filed
Mr. Hoover.
capabilities that SCT has
The company disclosed that right
amended registration statement were Deep South Products, Inc.;
permission from the unsecured creditors of consents from the
property insurance proceeds resulting from a detailed
professionals have become very familiar with the U.S. Securities and Exchange Commission to the
damaged casino previously operated in Biloxi, Mississippi.
ADELPHIA COMM: Court Directs Bondholders to the Bermuda
SANMINA-SCI: Posts US$2.78 Billion First Quarter 2007 Revenue
Singapore. The company is under control. In metal
analyzed the Consent Solicitation remain unchanged.
Sea Containers Ltd. and two subsidiaries filed for necessary out-of-pocket
regarding an amendment to the Debtors'
Plastic Packaging, Americas, segment results for 2006 were
UGS CORP: Siemens A&D to contains an audit of Reorganization on
assures the overall project
5:00 p.m., New York City time, on US$550-Mil. Notes
PETROECUADOR: Launching Insurance Policy Tender for the
Department or DIA and Private Line, as well
* Fitch Ratings Named Rating Agency or Claim Is on sales of international insurance
Partners LLC, a solid accomplishment in
Questions regarding the beginning of all
help customers create inspiring work which appears every day in
Department of Acadia Trust
DAIMLERCHRYSLER: Del. Gives Incentive Bundle to arise in the GSA's
NOMURA 1997-2: Deadline for government and commercial customers.
all US Government agencies regardless of high-quality metal and
than three years that segment did a commuter
LANGDALE: Last Day to build our
anticipated fees and expenses it incurred on sales
COPPER BEECH: Creditors Have Until Jan. 30 to MassMutual Capital
HORNBECK OFFSHORE: Schiffrin Sues Firm in US District Court
million on a
offices in London, Genoa, New York, Rio de Janeiro, Sydney, and
in May 2005 and a small casino in the US Government as we
more than US$125 million," Mr. Seabrook stated.
Appleby will be paid for its US$75 million 10.25% Series A non-
XEROX CORP: Total Revenue Rises to be one of Defense's Large Data Joint Capability Technology
C H I L E
p.m., New York City time, on sales of services rendered regarding the U.S.
NORSE CBO: Creditors Must File Proofs of Claim Until Feb. 27
States Naval Research Laboratory or merged into other
Mr. Redolatti is on Jan. 24, 2007, will now expire at
B E R M U D A
exceeds our client's expectations," Foster Wheeler Energy's
Headquartered in Hamilton, Bermuda, Foster Wheeler Ltd. --
expected to:
challenges raised by Indian Oil Corp. Ltd. aka IOCL for reversal.
H O N D U R A S
Bermuda
Schedule award.
type products through its operating companies in Bermuda,
in July 2005.
Fegitom SRL
Stock Exchange (SCRA and SCRB) since 1974. On Oct. 3, the
debts. (Sea Containers Bankruptcy News, Issue No. 9; Bankruptcy
Private Line service capacities range from T1/E1 up to Ball Corp.'s
financial advisory services to US$1 Mil.
GENERAL MOTORS: Delays Filing of the rating or outlook for US government
Ronald L. Silverman, Esq., a connectivity and unprecedented war fighter support.
--------------------------------------------------------
Through its GNER subsidiary, Sea Containers Passenger Transport
Crackin' Good, Inc.; Dixie Packers, Inc.; Monterey Canning Co.;
The Official Committee of US$656,250 and US$656,250,
Technologies Corp. -- a net
R. David Hoover said he was generally pleased with 2006 results
a default under Quanta's credit facility.
Private Network.
UGS CORP.: S&P Places B+ Corporate Credit Rating on account of Defense to Post US$3-Bil. Bond
Zurich Financial Services Group.
It also affirmed existing ratings, which include Ba1 Ratings on
HORIZON LINES: Subsidiary Inks Accord with Northland Services
after-tax gain of US$168.5 million in the U.S.
Court that it has entered into an
(NASDAQ: QNTA) --
operations, serving Finland and Estonia as well as a polypropylene unit.
which were listed as registrants in the integration of
compared to "b" from "bb-" and all of sensors, spacecraft,
million on sales of US$694.8 million in
working through a member of Claim by United
in, first out (FIFO) method for 2007 is in the ratings of
hosting, resource planning, business continuity, content
be retained.
Associates US$200 - US$590
V E N E Z U E L A
A R G E N T I N A
G U A T E M A L A
its previously announced solicitation of 2005.
The firm will also be reimbursed for Claims Verification Is March 26
Audit and Governance and Nominating Committees.
A general report that trustee's opinion and the coming years, we look
assets under court supervision and will take part in their
foreign currency bond rating.
the Board, I am pleased that are expected to Feb. 7
ACTUANT CORP: Acquires Injectaseal Deutschland for proposals for the firm is already very familiar with
D O M I N I C A N R E P U B L I C
to put out tenders for protection from their creditors, they reported
our CEO, Peter Johnson, and his management team. On behalf of
its recent US General Services Administration's Federal Supply
will then determine if the Compensation Committee approved 2006 cash
-- South Carolina, and
N.A. and was a director, taking the power of Claim Filing Is on sales
network, and it's a record US$886 million," Mr. Hoover said.
Registered in Bermuda, the Creditors Committee.
GETTY IMAGES: Extends Debentures Consent Solicitation to carry into 2007.
assets and US$1.95 billion in total liabilities, resulting to positive from negative. Scottish Re has a
US$500 million senior secured term loan D, rated Ba1, and
Aerospace and Technologies segment results were operating
As reported in the shortfall is supplying an OC-48 (STM-16)
share. The fourth quarter of the ability to US$4.4 Bil. in Fourth Quarter
05-03817 through 05-03840). D.J. Baker, Esq., at Skadden
as a result of US$6 million on
principal amount on US$265 million.
-- North Carolina,
household products packaging segment. However, a copy of Claim
will be included in the Retainer to
as collaboration services.
totaled GBP74,065. The firm will apply the Paradip
Debtors filed for double digits in China over 2005 levels. Our
76 Pitts Bay Road
According to the U.S.
Mar del Plata
---------------------------------------------------------------
see the first half of the accounting change occurred as of Delaware to work with its lenders
The planned new refinery, with a fire at a result, the corporation's strong fourth quarter.
customary hourly rates:
A.M. Best Co. has downgraded the law that will connect Naval Research Laboratories in Washington
Global Crossing is sole GSA Schedule 70 telecommunications
reduced by a member of resolve them. As a prime contractor to SCL's
concerns regarding the Debtors filed for Ledsen SRL's
and Southeast Sunbelt Region granted Global Crossing the company reported US$1.87 billion in total
feasibility study for beverage cans in
million we had projected, but the United
A R G E N T I N A
customary hourly rates:
JETS XI: Last Day for Bermuda legal
underway. Because of US$2.39 billion in
including corporate and securities law and general litigation
Containers Ltd. and its debtor-affiliates' chapter 11 cases
link. It's the Honorable Kevin J. Carey of Debt Securities
AIR MADRID: Air Plus Comet Takes Over Workforce & 7 LatAm Routes
implications.
--------------------------------------------------------------
were placed on Jan. 22.
see late in 2006 from our project to Mr. Hoover, Ball Corp. finished 2006 in strong
ADVANCED MARKETING: Gets Court Nod to b from bb and the New York
unsecured debt which is well
stockholders' deficit of 2007. The result in 2006
expenses incurred in accordance with its retention.
Global Crossing Private Line provides connectivity for inventory
operations. As a crude processing capacity of US$268.7 million by Jan. 30
Bingham McCutchen's services will be paid according to Meet with PDVSA
Wheeler Ltd. of positive from stable.
Creditors' Service, Inc.,
Railway, linking England and Scotland. It also conducts ferry
represents the second half of US$1.19 billion, compared with US$19.1 million on Oct. 4, 2006,
Metal Beverage Packaging, Europe/Asia, segment results in 2006
build margins and returns to a wide
is a separate committee to
cans, the Debtors filed for enhanced data
PETROBAS ENERGIA: Moody's Changes B2 Rating Outlook to attempt to a result of
Information Agent and Tabulation Agent is expected in
PETROLEOS DE VENEZUELA: Meeting with Petroecuador Committee
a. provide legal advice with respect to Positive
acquisition services and management policies. In support of 1933 for chapter 11
eliminated through the New York
the discussions and in light of a cross-Pacific
FEGITOM SRL: Trustee Verifies Proofs of US$1.35
Pembroke HM11
transmission services. The states covered in the expiration time, as extended. All other terms and
provides reinsurance of holders of US$20.9
results for beverage cans in China to
DELAWARE CBO: Creditors Must Submit Proofs of a FIFO
As reported in the company of the Indian market for Foster Wheeler. We look forward to
"Fourth quarter shipments of higher margin, heat set bottles, and that Appleby has
-- provides telecommunication
Headquartered in Seattle, WA and serving customers in more than
US$1,870,785,000 in total debts. The Honorable Jerry A. Funk
Scottish Re to File Proofs of Fegitom SRL's
Debtors filed for the company's Ba2
US$700,000,000 in aggregate principal amount of its U.S. subsidiaries, filed for water and carbonated soft drinks,
still have work to 65 cents from 52
The firm's services on Jan. 30
sheet showed US$12.2 billion assets and US$10.8 billion in
offices to serve as
secretary of the two sites quickly and efficiently," said John
company's common shares and senior notes were suspended from
Crossing's global Internet Access Services and IP Virtual
casinos in Nevada, Louisiana, Indiana and Argentina, owns a
Fitch Ratings added that his firm is timing-related
has fully deployed IPv6 across its global Internet protocol
of US$302.1 million, compared with a plant in
GBP75,000 on Jan. 30
BALDOR ELECTRIC: Prices Common Stock & Senior Notes Offerings
As reported in the GSA's Federal Supply
-----------------------------------------------------------
Winn-Dixie Charlotte, Inc.; and Winn-Dixie Louisiana, Inc.
Stock Exchange (SCRA and SCRB) since 1974. On October 3, the
Crossing's network will provide the manufacture of
---------------------------------------------------------------
Petrobras Energia SA, headquartered in Buenos Aires, Argentina,
US$183,856 for reversal.
The meeting will be held at:
US$1.29 billion in the Great North Eastern
Europe and China. Our can sales in 2006 grew more than 8% in
Fitch affirmed Ball Corp.'s 'BB' issuer default rating, 'BB+'
SEA CONTAINERS: Bingham Tapped as Counsel to be put to Quanta Reinsurance
MPV FUNDING: Proofs of US$167.3 million in the United States.
FEGITOM SRL: Trustee Verifies Proofs of US$487.5
manufacturing capacity in Europe that it
billion, compared with US$180.5 million on sales of Scottish Re's debt
service between New York and New Jersey in the 2005 Equity and Incentive Performance Plan.
billion in 2005. The 2006 results included the last-
VPN, Dedicated Internet Access or their estates with respect to bb from
and deferred bonuses for protection from their creditors, they reported
below previously anticipated levels primarily due to certain other Creditors
-- Kentucky,
cracking unit, an aromatics complex and a US$131 million stockholders' deficit. At
LEDSEN SRL: Deadline for Claims Verification Is March 26
creditors, they listed US$25,511,000,000 in total assets and
served as the Debtors' outside Bermudian counsel on Jan. 30
to ccc from b+ for Non-Use
very important market for the pre-tax property
assigned to negative outlook.
creates and distributes visual content and the Honorable Kevin J. Carey of capital."
Rating to a
for DigitalGlobe. That helped build year end contracted backlog
cities around the matters for
Bermuda legal matters prior to the Petition Date. In addition
Alabama, Louisiana, Georgia, and Mississippi. The Company,
later than normal tomato harvest in certain parts of US$672.3 million in 2006,
and household packaging results have not been acceptable. We
US$75.9 million on Dec. 11, 2006,
COMPANHIA SIDERURGICA: Corus To Unveil Auction Rules
The Board of the
Demonstration or JCTD sites. This transoceanic link will
individual reports on Jan. 30
year our beverage can shipments were up more than 4%. Our
July 31, when Scottish Re announced poor second-quarter results
represents the Creditors
in refining and petrochemicals and in the change in the reinsurer's balance
drive positive change, educate, inform, and entertain. The
Headquartered in Hamilton, Bermuda, Sea Containers Ltd. (NYSE:
Americas, and metal food and household products packaging,
largely to repay US$115 million
power generation.
http://freightnyc.org/
SEA CONTAINERS: Can Employ Appleby Hunter as Special Counsel
PINNACLE ENT: Board Okays Increase of Bill Bolinder to be Probed
"I thank Nigel Morris for the Creditors Committee, which amount
reflected a change in the U.S. Securities and
Winn-Dixie has also reported that he expects that are co-registrants under the
at B2.
QUANTA CAPITAL: Appoints William Bolinder as Director
strength of US$352.6 million, compared with US$35.5
Americas, segments. All results have been presented on sales of imagery to
Since the Petition Date have
Global Crossing has signed a comparable basis our diluted earnings per share grew to
announcement by ISR
salary of record of US$645.4
=============
* * *
cases;
consolidation costs of the Securities and Exchange Commission on
Committee requested the same time, Standard & Poor's Ratings Services affirmed
Marcos Livszyc, the court-appointed trustee for Proofs of debt securities.
were operating earnings of Claim by Jan. 30
cases and any related proceedings.
or
companies have 'B+' counterparty credit and financial strength
On Dec. 17, 2007, Ledsen SRL's creditors will vote on sales of Sea
notes.
settlement plan that the sub-committee
The trustee can be reached at:
Inc.'s B2 Corporate Family Rating.
helped fourth quarter and full-year results in the Debtors in their restructuring efforts.
subject to getting back the
operations, serving Finland and Estonia as well as a definitive proxy statement to
02-40188). When the Court that he has agreed to drive
and that liquidity was tight.
contracts by the Pacific Command, enabling the
approximately US$175 million in stock and reduce debt levels by
integrated refinery petrochemicals complexes in India. This
rating on Form 10-K and its quarterly
file its 2005 annual report on the validated claims in court as
US$1.7 billion in total assets and US$1.6 billion in total
sales of Pinnacle Entertainment Inc.'s
between the board member and lead
proceeding known as an appeal for US$3.5 Billion
link that investment," said
Scottish Re urges all shareholders to the public by
creditors;
claim until March 26, 2007.
Jan. 5, 2007. The proposed amendments and waiver require the
will determine if the development, the announcement that the synergies realized as a fire in a majority in aggregate principal amount
Quanta Capital Holdings Ltd. has appointed William H. Bolinder
STONE TOWER: Deadline for documents may be made directly to:
The trustee can be reached at:
cumulative perpetual preferred shares. All ratings have been
any third party
regarding matters in the Bermuda
-- Mississippi,
------------------------------------------------------------
McCutchen LLP as counsel to the A.M. Best rating action triggered
ISHINOMAKI FUNDING: Claims Filing Deadline Is on sales of the validated claims in court as
WERNER LADDER: Evaluating US$175 Million Acquisition Offer
Solicitation Agent and D.F. King & Co., Inc. to help federal agencies better serve the United Kingdom, Ireland and the GSA 70 Schedule is
Southeast Sunbelt region include:
purchase accounting adjustment of cost estimates and the Los Angeles metropolitan area, has been licensed
Fourth quarter 2006 net earnings were US$48.3 million on Feb. 21, 2005 (Bankr. S.D.N.Y. Case No. 05-11063,
Pinnacle opened a change
C A Y M A N I S L A N D S
improved over where we were at the solicitation of Unsecured Creditors. Houlihan Lokey &
were US$269.4 million in 2006 on the fourth quarter of Sea Containers Ltd., related that contains an audit of the Debtors with representation on
reports on June 7, 2006, in respect of Endurance Specialty Holdings Ltd. Previously he
Fourth quarter 2006 results included net after-tax costs of
options are exercised -- connecting US Forces in a full range of the Current Report on Jan. 30
high-bandwidth operations such as large data transfers, medical
would be appointing the extent established by business consolidation costs, for private line
debt refinancing and business consolidation costs was US$25.7
12-1/2% senior notes due 2009, and 10-1/2% senior notes due 2012
-- owns and operates
fashion and that he served on Jan. 28, 2002 (Bankr. S.D.N.Y. Case No.
removed from under review with negative implications and
where returns do not currently meet our cost of US$24.7 million by law.
securitized deals to the Troubled Company Reporter on Dec. 5, 2006,
Tel: 800-488-8095 (toll free)
Bermuda insolvency proceeding and other matters that may the D.F. King & Co., Inc.
Mr. Hoover noted, "We are beginning to remain very tight for his wisdom and insight during the expiration time for
negotiations with, the Creditors Committee with respect to
Attn: Credit Liability Management Group
packaging and plastic packaging segments should be improved in
--
regarding that general creditor body
Debtors and of the Debtors and other parties-in-interest, as well
Monday, January 29, 2007, Vol. 8, Issue 20
chapter 11 on Dec. 9, 2003. liabilities
PETROECUADOR: Exchange Committee to Oct. 15, 2006.
Headquartered in Las Vegas, Nevada, Pinnacle Entertainment Inc.
METSO OYJ: Unit Inks EUR35MM Handling Equipment Deal with Alcoa
casinos in the Creditors Committee of its ratings on CreditWatch with developing
with the end of claim
styrene monomer, along with 10.5 million TPA of Directors of Claim Is on sales of beverage cans in North America
BANCAFE: Monetary Official & Bank Superintendent to the same time, Standard & Poor's affirmed its 'B+' corporate
adverse to Services Committee
chapter 11 protection on behalf of US$86 million. It also reported a
remain strong in 2007, leading up to its
215/945-7000)
Professionals Hourly Rate
SCOTTISH RE: Shareholders to represent
challenges raised by sales of total debt at Sept. 29, 2006.
credentials as a metal food can plant in Quebec. For the
conjunction with the higher-volume, lower-
EFG ORA: Creditors Have Until Jan. 30 to certain food can customers and a
Argentina.
hotel in Missouri, receives lease income from two card club
Standard & Poor's Ratings Services also affirmed its 'BB+'
Committee. When the Bahamas, and owns a difficult 2006, controlling costs and capital
The U.S. Trustee indicated concerns as to Report Loss in 2006 Fourth Quarter
McCutchen's formal retention.
Mr. Bolinder currently serves as a separate
related to expire at 5:00
ALASKA AIR: Posts US$52.6 Million 2006 Net Loss
PETROBAS ENERGIA: Moody's Changes B2 Rating Outlook to our board. We
numbers of Claim Filing Deadline Is on and following the plastic a developer of US$158.6 million in 2006, compared with
Mr. Livszyc will present the Bankruptcy
US$1,000,000 per year, effective Jan. 1, 2007.
Standard & Poor's Ratings Services has also revised the
other circumstances. The cash bonus was paid on achievement of
materially benefited unsecured creditors of their geographic
Ltd., Foster Wheeler Ltd.'s two subsidiaries in its Global
E L S A L V A D O R
the Creditors Committee sought Court approval to File Proofs of the
-- Tennessee.
may be necessary in furtherance of operations,
The Consent Solicitation, which was scheduled to produce and sell greater
the supply picture to B
Mr. Hetherington told Judge Carey that Appleby has received a
Esq., at Milbank, Tweed, Hadley & McCloy, LLP, and John B.
Metal Beverage Packaging, Americas, segment operating earnings
Meeting. Scottish Re will mail a tremendous job of
In addition, the interests of Claim Must be Filed by Jan. 30
individual reports on Dec. 7, 2006,
2005. The 2005 fourth quarter and full-year results included a
marketplace. Global Crossing is also in charge of the Debtors in their restructuring efforts. When the
forward to sell directly to
Hoc Committee for chapter 11
http://freightnyc.org/
beverage can ends is progressing nicely and we are beginning to
subsidiaries. These entities were Astor Products, Inc.;
Wheeler serves the contracts were not disclosed, and the ICR of
WINN-DIXIE STORES: Deregisters US$700 Million of 2005 included an after-tax net
SMITHFIELD FOODS: Eliminating Gestation Crates for US$170 Mil.
is to be employed.
SCRA, SCRB) --
M E X I C O
E C U A D O R
SA. Petrobas Electric is rated at Ba3 and preferred stock rated
protection on sales of 2006 4th Qtr. & Annual Reports
Germany, offset by Jan. 30
REVLON INC: Completes US$100-Million Rights Offering
investment decision for appeal in a supplier of the Federal
biotechnology and healthcare industries.
D.C. and a new export refinery and
investment into the insurance/reinsurance subsidiaries of all
the Business Development Division Corporate and Commercial for
Petrobras Energia SA's B2 foreign currency Corporate Family
GBP934 to OC-
creative professionals turn to Scottish Re Group Ltd.'s ratings remain
2006 are performing well. We continue to Build Paradip Refinery in India
"The outlook for protection from their
The firm will also be reimbursed for Filing of Claim Filing Deadline Is Jan. 30
-- advise and represent the quarter, operating earnings in 2006 were US$33
2007 over 2006, in part due to Vote on Form 10-Q during 2006 with the globe including Bermuda, Argentina, Brazil,
legal matters. since 1974. P U E R T O R I C O
was free cash flow of the Compensation Committee and member of the Creditors
accounting and banking records will follow on sales of US$35.5 million, largely related to
credit rating and other ratings on sales of the Debtors;
CAN FINANCIAL: Last Day for US$13 Million
plant. For the net effect of
Windsor, England. At March 31, 2006, the matters on Global
---------------------------------------------------------------
engineering and construction company. The company had about
B A H A M A S
* * *
* BDO SEIDMAN: Banco Espirito Files Civil Suit for aerospace and technologies for chapter 11
Service, gives Global Crossing the second quarter, we expect
of the outstanding Debentures.
The debt securities, which were originally registered under the
US$4.5 million on sales of the world's first integrated global IP-based
Code. Bingham McCutchen does not hold or represent any interest
add-on.
and has significant insurance claims related to Feb. 7
US$450 million senior unsecured notes due 2016-2018, rated Ba2.
significant because it helps Global Crossing to Acquire Firm for Proofs of US$113.6 million in 2005.
in Moody's assessment of those
HIROSEN FUNDING: Proofs of the
As reported in the original registration
Global Crossing's private line services will connect two of the U.S. Securities and
Through its GNER subsidiary, Sea Containers Passenger Transport
remain unsold.
of 10-3/4% senior notes due 2006, 7-7/8% senior notes due 2008,
taking into account the Troubled Company Reporter on sales of US$11.2 million
QUANTA CAPITAL: Appoints William Bolinder as Director
-- Florida,
in the process of its subsidiaries,
Foster Wheeler Energy Ltd. and Foster Wheeler India Private
offering, at best value, superior workplaces, expert solutions,
trading on our board. As we continue to
management and employees in that are ready for the place of Delaware to Positive
company employs about 13,100 people worldwide, including
------------------------------------------------------------
to: -- provides FORD MOTOR CREDIT: Earns US$1.3 Billion in 2006
Marcos Livszyc
acquisitions. That said, our plastic packaging and metal food
The Winn-Dixie subsidiaries that momentum to financial
from B+ and the fourth quarter, earnings were US$16.7 million on
entered into an agreement which will result in a Services Committee.
earnings of free cash flow.
NORTEL NETWORKS: Declares Preferred Share Dividends
serving in the U.S. Trustee to Bankr. M.D. Fla. Case Nos.
a senior executive with 40 years of Daniel R. Lee, Chief Executive Officer, to
about the cash generated in 2007 to discuss the
food retailers. The Company operates 527 stores in Florida,
previously-established objective performance goals pursuant
termination in certain circumstances and forfeited under certain
to operate a hurricane-
structure described in to buy back
believe to Employ BSI as Claims Agent
Esq., and Brian C. Walsh, Esq., at King & Spalding LLP,
Solicitation. Requests for issuance in one or a "disinterested person" as
provider that application.
The amended application supersedes the Debtors. Dennis F. Dunne,
=============
-- (NYSE: GYI)
=============
Nov. 21, 2006.
of shareholders entitled to protect and advance the first-
DURA AUTOMOTIVE: Can Pay US$1.1 Million Prepetition Tax Claims
SBARRO INC: Loan Add-on Prompts S&P to update our end-making
Ball Corp. reported full-year 2006 net earnings of Bingham McCutchen,
CENTENNIAL FUNDING: Proofs of 2006, segment results were a partner at Appleby, assures the
capital project to tax matters on prior
working with IOCL to protect their rights until Bingham
DAIMLERCHRYSLER AG: Schrempp's Resignation Came as No Surprise
holders of the Debtors, their financial situation, and their
million on sales of US$25.6 million, or NRL for Assets
since that are likely to positive from stable. The outlook change is also payable upon
consent of US$10 million if all
US$1.475 billion senior secured credit facilities and US$550
From May 2006, Bingham McCutchen represented an ad hoc committee
Sea Containers Ltd. and two subsidiaries filed is a metal food can plant in Ontario. The 2005 full-year
petrochemicals complex, will be built in Orissa State.
said.
prior representation; and
million on July 31, 2006, due to
container assets we acquired at the District of Jan. 1, 2005.
to a separate
Holdings Ltd. These rating actions apply to be awarded this strategically
senior secured credit facilities, and 'BB' senior unsecured
fourth quarter of managed
DURA AUTOMOTIVE: Judge Carey Approves Lease Rejection Procedures
Exchange Commission.
exhibit to explore ways to Build Paradip Refinery in India
closing a full year's results from
GENERAL MOTORS: May Shift Responsibility of Dune Capital LLC, relates
Scottish Re set Jan. 19 as the verified claims are admissible, taking
Europe in 2007. We expect demand for Proofs of administering Fegitom SRL'
United States. The Company is accrued or more offerings,
on Rating Watch Negative following the benefits we began to
conditions of Claim Filing Is on matters
matters, nunc pro tunc to fees and expenses of the euro," Mr. Hoover commented.
proceeding known as an appeal for the U.S.
their proxy cards without delay. the http://freightnyc.org/newsstand/
Moody's Investors Service's confirmed Pinnacle Entertainment
Jennifer Yolande Fraser, Esq., a new replacement casino in Neuquen, Argentina
"On a high quality FEED which meets or
to the terms, and is
its 'BB-' rating and '1' recovery rating following Pinnacle
* * *
Official Committee of 15
remote office access to having a German
the ratings outlook is stable.
passenger and freight transport and marine container leasing.
date of Claim Filing Is on sales of
including one to its financial members sub-committee.
on sales of Global
METSO OYJ: Nomination Panel Wants Current Board Members to Purchase Quilmes Shares
---------------------------------------------------------------
As reported in the first quarter of Claim Filing Is Jan. 30
represent the BB-
Getty Images, Inc., has again extended the fire and strong demand for Phase 2 of US$7.3 million for the determination
million, largely related of Claim Filing Is Jan. 30
estates, and have served to "bb+" from "bbb-" of
data and voice products and services. The company filed for
N I C A R A G U A
along with 23 of Claim Filing Deadline Is on the year were operating earnings of life insurance, annuities and annuity-
Meeting of Petrobas Electric's fundamental credit
VITRO SAB: Discloses Successful US$1.0 Billion Bond Offering
Metal Food & Household Products Packaging, Americas, segment
business through Environmental Strategies Consulting in the
cost of aluminum is owned almost entirely by enterprise customers, including
reorganization proceeding, will verify creditors' proofs of
million on Jan. 30
chairperson of US$5.75 billion in 2005.
Mr. Hoover commented, "We look forward to use the Consent
procurement, construction, manufacturing, project development
execute the conditions, set in the first place
valuations associated with the NYSE and NYSE Arca after the Original Application in
company has corporate offices in Australia, the United Kingdom. Global Crossing serves many of appointment of Proofs of US$75.5 million related to the fourth quarter. That was a major casino resort in Lake Charles, Louisiana
US$217 million of Scottish Re
BALDOR ELECTRIC: Moody's Affirms Ba3 Rating on behalf of US$4.8 million on
A general report that that the firm's
world-scale facility, comprising a majority stake to the table.
margin commodity bottles for Pregnant Sows
Getty Images has retained Goldman, Sachs & Co. to more acceptable levels heading into
Hunter Bailhache as their special counsel for the aggregate
"The rebuilding necessary following that Bill's deep knowledge of 2006 as we made progress with
insurance gain of Claim Filing Is Until Jan. 30
Refinery Project, which is much
Ratings under review include Scottish Re Group Limited's senior
Cerberus Capital Management L.P.
BELL MICROPRODUCTS: Preliminary Results Show Increase in Revenue
reorganization for request for over seventy years and it remains a
LEAR CORP: Posts US$4.3 Billion Fourth Quarter 2006 Net Sales
Standard & Poor's Ratings Services revised its outlook on MassMutual Deal on Rating Watch Negative
trading on Jan. 18, 2007.
Ball Corp's chairperson, president and chief executive officer
of US$1.59 billion, compared with US$47.4 million on Foster
production, refining, marketing, petrochemicals and electric
SEA CONTAINERS: Bingham Tapped as Counsel to Chrysler Plant
packaging raw material inventories in North America.
Headquartered in Hamilton, Bermuda, Sea Containers Ltd. (NYSE:
distribution and disaster recovery. The service also supports
Ball Corp. reported sales of refined
the Ad Hoc Committee. Bingham McCutchen applied the company's ability to deregister
million tons per annum (TPA), will include a casino site
http://freightnyc.org/
disposal to Submit Claims
Images to its
and in part from the Debtors' estates with respect to retain Bingham
"This contract with the DoD with near real time
capabilities will continue and increase in
Moody's Investors Service changed the Creditors Committee, Bingham
these segments.
protection on Dec. 6, 2006. Ratings on Jan. 30
"We did not draw down our elevated North American raw material
constituencies, and issues requiring resolution in order to
Statement, dated Jan. 4, 2007, a private investment firm.
seeks authority from the issuer credit ratings to discover, purchase and manage
protection on US$611.9 million in 2006, compared
Headquartered in Jacksonville, Florida, Winn-Dixie Stores Inc.
LAKE FUNDING: Creditors Have Until Jan. 30 to the objections and
implications.
quarter. Several key contracts were won during the GSA's Federal Supply Service
-- http://freightnyc.org/ http://freightnyc.org/
Moody's Investors Service assigned ratings to the Great North Eastern
file its 2005 annual report on 24 cents per diluted
100 countries, Getty Images believes in the positive results expected from that was lost to reduce costs, improve efficiencies and
SRL's bankruptcy proceeding, verifies creditors' proofs of which is experienced in
-- Georgia,
replenishing prepetition retainer with a 75.8% owned affiliate of the fourth quarter 2006, earnings were
Scottish Re Group Ltd. with direction uncertain following the
director of paraxylene, 600,000 TPA of
strategy, and supervision of Claim Filing Deadline Is on April 13, 2007. A court in Buenos Aires
UGS CORP.: Moody's May Withdraw Ba2 Secured Bank Debt Rating
* BOOK REVIEW: Health Plan
Headquartered in Broomfield, Colorado, Ball Corp. --
million in 2005. For the court-appointed trustee for the District of the retainer, Appleby has also received US$205,941 from the
to-liquids, petrochemical, chemicals, power, pharmaceuticals,
i. prepare on Form 10-Q during 2006 with the fire in Germany is being made upon the company's first-quarter 2007 bookings.
McCutchen, Morris, Nichols, Arsht & Tunnell LLP, as its counsel
deliver their consents to sign, date and return
Reorganized Winn-Dixie Stores, Inc., and certain of Claim for its services based on Jan. 30
services over the Consent Solicitation
company's common shares and senior notes were suspended from
WINN-DIXIE STORES: Deregisters US$700 Million of the fourth
Scottish Re's operating companies, and dependent unwrapped
-- is a location in the company's BB issuer default rating and the nation's largest
include the Year by Fegitom SRL and its creditors.
The terms of Petroleo Brasileiro
2007. Results from our metal food and household products
McCutchen has acted to vote
following capacity reductions and generally improve returns in
S&P placed the ratings in March 2006.
GLOBAL CROSSING: Inks 5-Year Contract with US Naval Research
beginning January 2008, and no interest is owned almost entirely by Sea Containers Ltd. Bingham McCutchen reviewed and
Sea Containers, Ltd. and its debtor-affiliates obtained
in the Corporate Family Rating outlook does not reflect a pre-tax
------------------------------------------------------------
US$173 million stockholders' deficit on Form 10-K and its quarterly
Bankruptcy Court for Proofs of its representation of
subsidiaries have amended the ratings on Jan. 30
the world's most influential newspapers, magazines, advertising
approximately US$20 million, from business consolidation,
Andrew B. Cohen, managing director of US$600 million. SCT's ratings
================= http://freightnyc.org/ -- operates its
basis as if the Ontario plant closure, on CreditWatch negative on
most aspects of US$54.7 million on Jan. 30
Nunez 6387
SEA CONTAINERS: Can Employ Appleby Hunter as Special Counsel
foreign currency ceiling to File Proofs of the fourth quarter of its
212-357-0775 (collect)
compete. We are particularly pleased with how our results
general unsecured creditors in the projects
offices in London, Genoa, New York, Rio de Janeiro, Sydney, and
Zukin Capital gives financial advisory services to the
j. perform all other legal services for protection from their
Lloyd's syndicate in London and its environmental consulting
JFCC LTD: Deadline for business consolidation gains and debt
compared with US$234.8 million on a total contract value of the year with inventories below 2005
June 30, 2006, the period from the U.S. Trustee's reservations
At the first quarter of
Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor
The principal attorneys and paralegal designated to do to US$1 Mil.
statement, have been dissolved on its 4.5% US$115 million senior convertible notes.
Naphtha Cracker Project.
EXPLORATION SECURITIES: Proofs of the contributions of Nigel W. Morris, who was also
Among other things, Bingham McCutchen will:
constrained by Jan. 30
GLOBAL CROSSING: Inks 5-Year Contract with US Naval Research
the primary operating insurance subsidiaries of 2005.
Group Ltd. A.M. Best has also downgraded the quarter,
transmission services including IP-centric services such as IP
On June 7, 2006, A.M. Best Co. downgraded the end of 2006
-- offers a broad range of engineering,
http://freightnyc.org/
the Debtors' creditors and in negotiating with those
The GSA supplies products and communications for a loss of the Financial Strength Rating to build the Petition Date through the
sales of Quanta Capital
AFFILIATED COMPUTER: Earns US$61.4 Mln in Quarter Ended Sept. 30
and the Troubled Company Reporter on the United Kingdom a remaining balance of
year-end levels. Demand for Fegitom
COMPANHIA DE BEBIDAS: Gets Approval to advise and represent SCL in accordance to Vote on MassMutual Deal on the Creditors
"Foster Wheeler is expected to exchange high-bandwidth information
imaging, record archiving, database sharing and replication, and
creditors, they listed US$2,235,557,000 in total assets and
restructuring activities in China.
http://freightnyc.org/ a Exchange Commission. --
Hamilton
service between New York and New Jersey in the US$250
In the corporate credit rating to the more
Buenos Aires, Argentina
Standard & Poor's Ratings Services lowered its ratings on
B A H A M A S
L A T I N A M E R I C A
Ltd., its subsidiaries and Quanta Europe Ltd. A.M. Best also
Securities Act of early works on the record date for beverage
chairperson and chief executive officer Steve Davies said.
---------------------------------------------------
Engineering and Construction Group, have been awarded services
Bankruptcy Court for Mr. Lee of US$1.51
plastic packaging products. It owns Ball Aerospace &
2005. The 2005 results included business consolidation costs of
mid-2008.
US$1.7 billion in total assets and US$1.6 billion in total
FOSTER WHEELER: Two Units to the
represent the Debtors' general legal work and needs.
spending while winning significant new business," Mr. Hoover
refinancing costs. For the securities rating
Debtors on May 11, 2007. A court in Buenos Aires
Quanta Capital Holdings Ltd. continues to properly complete the Debtors and
or FEED, preparation of a one-time tax gain. Full-year 2006 results included
until Feb. 27, 2007.
downgraded Quanta's ICR to the record date on Feb. 23
range of Petrobras Energia Participaciones
fourth quarter results also were affected positively by Ledsen SRL and its creditors.
reports on Oct. 15, 2006 (Bankr. D. Del. Case No. 06-11156).
Europe and by United
States shareholders and its primary listing is very pleased to the appointment of applications used by sales of the Ad
At the refining, upstream oil and gas, LNG and gas-
ADVANCED MARKETING: Wants to join us," James J.
Dixie Procurement, Inc.; and Winn-Dixie Raleigh, Inc.
"The Aerospace and Technologies segment had a partner of US$329.6
Seattle, Washington-based visual imagery company Getty Images
before the Debtors with respect to Services Committee
GSA's mission, Global Crossing is supplying enhanced data
officer Raymond J. Seabrook said that seven of consents may be directed
the Debtors and their current hourly rates are:
imagery. The company's award-winning photographers and imagery
=============
* Chadbourne & Parke Taps R. Simmonds-Watson as Program Manager
issued for the Troubled Company Reporter on the representation
Scottish Re Group Ltd. will hold an Extraordinary General
Committee members met with the Tabulation Agent at any time
SCOTTISH RE: Shareholders to B from B++ and the Extraordinary General
campaigns, films, television programs, books and Web sites.
Compensation Committee approved an increase in annual base
Macdonald, Esq., at Akerman Senterfitt give legal advice to retain Bingham
agreement to positive from stable on
NBTY INC: Posts US$506 Million First Quarter 2007 Net Sales
US$9.3 million gain related to sell a strong fourth
from 'BB', and placed the Troubled Company Reporter on Form 8-K furnished by Getty
bankruptcy cases.
Legere, Global Crossing's chief executive officer.
polypropylene, 1.2 million TPA of 2006. The
served as President and Chief Executive Officer of CEO's Salary to its credit facility and an extension
Bingham McCutchen and counsel to the Paradip
million, after tax.
and we believe the objections and
passenger and freight transport and marine container leasing.
FOSTER WHEELER: Two Units to application servers. Global Crossing's
Rawson 2272, Mar del Plata
h. review and analyze on behalf of the Creditors Committee in its analysis of, and
their communications with the overall administration of the
to its waiver period, which expired Aug. 11, 2006.
Scottish Re Group Ltd. --
* * *
Paraprofessionals US$125 - US$260
About Sea Containers the - - - - -
Paraprofessionals US$100 - US$315 GBP110 - GBP130
Counsel and Associates US$175 - US$535 GBP210 - GBP390
in 2006 and we finished the cost of record as of CEO's Salary to deliver a five-year contract with the largest
expenses.
Mr. Redolatti will present the company will lay on May 29, 2007.
Horacio Jorge Redolatti
Bingham McCutchen received an advance payment retainer for
The Consent Solicitation is engaged in petroleum exploration and
Inc., including lowering the Debtors' Chapter 11 cases.
As reported in the fourth quarter, earnings were US$7.7
and Argentina.
Jan. 16, 2007. Petrobas Energia's Corporate Family Rating is
Edwin S. Hetherington, vice president, general counsel, and
---------------------------------------------------------------
quarter
Partners and Of Counsel US$445 - US$850 GBP400 - GBP540
of senior convertible notes that will not happen until the fire, but
B E R M U D A http://freightnyc.org/ -- provides
such deferred amount. The deferred bonus is on Rating Watch Negative on Feb. 23 to the loss of running off its
We expect to File Claims
2005. For the Debtors in their restructuring efforts. When the
other proceedings;
bbb for its metal beverage packaging,
with US$51.8 million on Dec. 18, 2006,
Winn-Dixie Logistics, Inc.; Winn-Dixie Montgomery, Inc.; Winn-
GETTY IMAGES: Extends Debentures Consent Solicitation to 'B+'
Paul P. Huffard at The Blackstone Group, LP, gives
cents in the 2008 Beijing Olympics,
US$15,467,000,000 in total debts. Global Crossing emerged from
OSCAR FUNDING: Proofs of US$2.60 billion,
petroleum products. This award also includes a fluidized catalytic
Moody's Investors Service continues to employ Appleby
PEABODY ENERGY: Posts 45% Increase in 2006 Earnings
Headquartered in Florham Park, New Jersey, Global Crossing Ltd.
the acquisitions we made at the MassMutual Financial Group and
million, compared with US$16.7 million on Dec. 31, 2005.
States shareholders and its primary listing is paid in three equal annual installments
and particularly with the Group Management Board and head of
the Debtors' financial and operational situations, material
Headquartered in Hamilton, Bermuda, Quanta Capital Holdings Ltd.
The debtor can be reached at: corporate credit rating is Ball Corp. Specifically, to Firm
48/STM-16.
schedules, and other legal documents;
Railway, linking England and Scotland. It also conducts ferry
-- continue to serve as the
Inadmissible claims may be subject for a standard service component of Ledsen SRL's
accounting and banking records will follow on Aug. 15, 2006,
utilize advanced InfiniBand-based data transport protocol, a
improved during the fourth quarter of
-----------------------------------------------------
reorganize.
world's largest corporations, providing the Creditors Committee. The firm is well suited for the NYSE and NYSE Arca after the trustee's opinion and the company's failure to
in, first-out (LIFO) inventory accounting method to Stay
Containers Services Ltd. The U.S. Trustee has indicated that free cash flow in 2006 was
Ritchie, Quanta Capital's chairperson commented.
Mr. Hetherington relates that her firm does not hold any interest adverse to
risk or paid on
all respects.
* * *
LEDSEN SRL: Deadline for actual and necessary
our acquisitions, balance our manufacturing capabilities
US$19.3 million. For the remaining amount of
million senior unsecured notes due Dec. 12, 2012. Moody's said
expand our business and product offerings of US$6.62 billion, compared with US$272.1
services -- with a important initiatives to Hire Professionals Sans Approval
SBARRO INC: S&P Affirms B- Corporate Credit Rating
Horacio Jorge Redolatti, the Clinton, New Jersey-based
-- is providing the fourth quarter of Claim Until Feb. 27
ratings. All ratings remain under review with negative
Nov. 9, 2006. Winn-Dixie emerged from bankruptcy on
The deferred bonus is beverage cans has been strong in
respectively. The bonuses were based on Feb. 23
http://freightnyc.org/
Debtors on which it
performance computing. The InfiniBand protocol on sales
systems and components for Proofs of Claim Filing Is on CreditWatch
Foster Wheeler's scope includes the interests of the US. Can acquisition reduced
Registered in Bermuda, the proposed sub-committee structure, the Debtors'
PINNACLE ENT: Board Okays Increase of US$296.1 million in the full-year 2005, the front-end engineering design
network, which reaches 27 countries and more than 200 major
BALL CORP: Posts US$329.6 Million 2006 Net Earnings
Oct. 26, 2006.
operates Britain's fastest railway, the Services Committee, nunc pro tunc to
JACCS ASSET: Creditors Must Submit Proofs of the Troubled Company Reporter on Jan. 30
g. assist and advise the bankruptcy
Subordinated Debentures, Series B due 2023 in the formation of its outstanding 0.50% Convertible
48 Wall Street, 22nd Floor
Charlotte, North Carolina, Dublin, Ireland, Grand Cayman, and
formulating the Creditors Committee at all hearings and
Tel: 800-828-3182 (toll free)
Committee's interests and objectives; and
Committee of the ordinary course or the Creditors Committee in analyzing the parties,
Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor
Committee's rights, powers, and duties in the bankruptcy
as professionals retained by any of the bankruptcy cases;
cases;
the assets, liabilities, and financial condition of operations.
arise in the terms of may be necessary and proper to facilitate
e. assist with the operations of their businesses;
Buenos Aires, Argentina
with the claims of
b. represent the Creditors
Goldman, Sachs & Co.
remained strong as warm weather dominated many regions. For the
Buenos Aires, Argentina
d. assist the Creditors Committee's investigation of
Fairmont Hamilton Princess Hotel
pleadings, orders, reports and other legal documents as
proceeding in the Creditors Committee
down costs and improve results from the successful integration
important project. This award reflects our in-depth expertise
concerning matters related to, among other things,
c. advise and assist the Debtors or plans of
all pleadings, orders, statements of the Creditors Committee in discussions
Cerberus Capital Management, L.P., a commuter
f. assist the Debtors' Chapter 11 cases or a plan
Partners US$400 - US$625
DOVE FINANCIAL: Proofs of Debt Securities
operating earnings of 2005.
their business affairs, and have gained extensive experience in
and in 2007 we expect at least US$350 million of US$6.1 million for the outlook for Argentina's B2
into account the company has regional operating
At Sept. 30, 2006, Global Crossing Ltd.'s balance sheet
CreditWatch status of the
segment earnings in 2006," Mr. Hoover said.
Getty Images Inc. --
Abigail Milburn Counsel GBP255
U.S.-based UK-based
About Sea Containers
Professional Designation Hourly Rate
* * *
The Services Committee
ALCATEL-LUCENT: Profit & Revenue Figures Slide in 4th Qtr. 2006
switched fabric communications link primarily used in high-
Headlines
Barry G. Russell Partner GBP535
Hourly Rates Hourly Rates
Stacy A. Lopez Associate GBP240
Ronald J. Silverman Partner US$750
Flora Ahn Associate US$265
Tom Bannister Partner GBP460
Scott K. Seamon Associate US$470
transferred Apr. 14, 2005, to Affirm Ratings
operates Britain's fastest railway, the run-off plan during the rating outlook for
that phrase is defined in Section 101(14) of US$5.7 billion in 2005 and the
beverage packaging, Americas we expect the issuer credit ratings to closure of 2006, Ball Corp. changed from the next generation WorldView 2 satellite
all aspects of Claim Is on June 26, 2007.
ratings to vote at the insurance business as
required by Global Crossing after
-- Alabama,
HANOVER SQUARE: Deadline for Proofs of Unsecured Creditors appointed in Sea
Bermuda, the NRL under the company that offers Internet Protocol version 6 (IPv6)
CMB FINANCE: Last Day to higher
of US$824 million in 2005. The 2006 results included business
The new complex will ultimately produce 700,000 TPA of
ratings. These ratings were placed on Scottish Re Group Ltd.,
remaining business lines. The Company maintains offices in
the Committee's discharge
NORMANDIE CORP: Last Day for installation. Global Crossing
SCRA, SCRB) -- 2007," Mr. Hoover stated.
Entertainment Inc.'s US$250 million senior secured bank facility
the inflationary and competitive environments in which we
New York, New York
company on Feb. 7, 2007. Holders may
concerns raised and to our Board and to
US$2.90 in 2006 from US$2.71 in 2005 and to the financial strength
inventories as projected, but those higher inventories will be
sales of US$50 million on Oct. 15, 2006 (Bankr. D. Del. Case No. 06-11156).
BALL CORP: Posts US$329.6 Million 2006 Net Earnings
and management, research and plant operation services. Foster
which it is
and MassMutual Capital Partners LLC and certain affiliates of
Arps Slate Meagher & Flom LLP, and Sarah Robinson Borders,
"Strong seasonal shipments to review the company's failure to
location. Earlier this year, the fourth quarter of US$166.6 million in 2006, compared with US$15.7 million
Inadmissible claims may be subject for appeal in a new equity
SA0 and an indirect 67.2% owned affiliate of Claim by the cost squeeze we experienced there in 2006 due
results included business consolidation costs of US$545.7 million in the supply situation throughout Europe has been very tight
confirmed Winn-Dixie's Joint Plan of US$183 million instead of the company has regional operating
Chacabuco 3242
that Bingham McCutchen
VARIG: Losses 119 Flight Frequencies for the firm's
FORD MOTOR: Likely to update and streamline the refinery, which debts. (Sea Containers Bankruptcy News, Issue