December 6, 2007  
* Fitch Upgrades Republic of Karelia's Ratings to BB-
Fitch Ratings has upgraded Russia's Republic of Karelia's Long-
term foreign and local currency ratings to 'BB-' from 'B+'.  The 
Short-term foreign currency rating is affirmed at 'B'.  Fitch 
has also upgraded Karelia's National Long-term rating to...
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* Upcoming Meetings, Conferences and Seminars
Dec. 6, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Seattle Holiday Party
         Athletic Club, Seattle, Washington
            Contact: 206-223-5495; http://www.turnaround.org/  
 
Dec. 6-8, 2007
   AMERICAN BANKRUPTCY INSTITUTE
      Winter Leadership...
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CLEAR CHANNEL: Gets FCC Approval for US$1.3BB Sale to Newport TV
Clear Channel Communication Inc. received approval from the 
Federal Communications Commission to sell 35 television stations 
to Newport Television LLC, a private equity firm controlled by 
Providence Equity Partners Inc., for US$1.3 billion, various...
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FRESENIUS SE: Kabi Arm to Acquire Nestle French & Spanish Units
Fresenius Kabi, a unit of Fresenius SE, has reached an agreement 
to acquire Nestle's enteral nutrition businesses in France, 
Novartis Nutrition S.A.S., and in Spain, Nestle Healthcare 
Nutrition Spain....
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IDB DISKOTHEKENBETRIEBE: Claims Registration Ends Jan. 8, 2008
Creditors of DB Diskothekenbetriebe GmbH have until Jan. 8, 
2008, to register their claims with court-appointed insolvency 
manager Michael Selker....
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NORTHERN ROCK: Treasury Mulls Nationalization Absent Sale Deal
The British government wants interested bidders for Northern 
Rock plc to submit their offers by the end of the week so their 
details can be compared to a consortium led by Virgin Group 
Ltd., the mortgage lender's preferred bidder, Katherine 
Griffiths...
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POPE & TALBOT: Selects KPMG LLP as Independent Auditor
Pope & Talbot Inc. and its debtor-affiliates ask the United 
States Bankruptcy Court for the District of Delaware for 
permission to employ KPMG LLP as their independent auditor, 
effective as of Nov. 19, 2007...
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REID TRANSPORT: Seeks Administrators After Sale Attempts Failed
Reid Transport Ltd sought the advice of administrators after a 
loss of more than 200 jobs and attempts to sell the company 
failed, BBC News reports.  The failure to find a buyer meant 
Reid Transport had no option but to close the business and 
"implement...
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