January 23, 2008  
* EL SALVADOR: Power Firm Relaunches El Chaparral Tender
El Salvador's state-run power firm CEL said in a statement that
it has relaunched a tender for the construction of the
65.7-megawatt El Chaparral hydro project...
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* URUGUAY: Paper Mill Not Hurting Argentina, Latest Study Says
A report from the Green Cross Organization said that the paper
mill constructed along the river border between Argentina and
Uruguay is not causing pollution, confirming the results of a
previous environmental study made by the National Environment
Directions,...
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CONTINENTAL AIRLINES: Reports 2007 Pre-Tax Income of US$566 Mil.
Continental Airlines reported on Thursday 2007 pre-tax income of
US$566.0 million, up 53% percent over 2006 pre-tax income of
US$369.0 million.  Excluding US$24 million of previously
disclosed pre-tax special items, Continental's pre-tax income
for the...
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DIRECTV GROUP: Board Okays US$1-Billion Stock Repurchase Program
The DIRECTV Group Inc.'s Board of Directors has approved the
repurchase of up to US$1 billion of its common stock, from time
to time through open market purchases or in negotiated
transactions, using available cash on hand and cash expected to
be provided...
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GRUPO MEXICO: Can't Lay Off Protesting Cananea Workers
A court in Mexico has ruled that striking workers at Grupo
Mexico SA, de C.V.'s Cananea mine can't be dismissed, the
Associated Press reports...
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KINGSWAY FINANCIAL: Hires Shelly Gobin as VP/Chief Fin'l Officer
Financial Services Inc. has appointed Shelly Gobin as Vice
President and Chief Financial Officer...
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MUTUAL GUAPAY: Bolivian Banking Regulator Intervenes Firm
A spokesperson of Bolivian banking regulator Superintendencia de
Bancos y Entidades Financieras de Bolivia told Business News
Americas that the watchdog has ordered the intervention of local
savings and credit mutual institution Mutual Guapay...
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PETROLEOS DE VENEZUELA: Earmarks US$1.2 Bil. for Social Programs
Rafael Ramirez, Petroleos de Venezuela SA's president, said that
the company has set aside US$1.2 billion for social programs,
the Associated Press says.  He added that a new subsidiary in
the agricultural sector will be launched, a move that met with...
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Featured Companies and Professionals

British Airways PLC
Chrysler LLC
Continental Airlines Inc
DIRECTV Group Inc, The (fka Hughes Electronics Corp)
Dura Automotive Systems Inc
Grupo Mexico SA de CV
McDermott International Inc
Musicland Holding Corp
National Commercial Bank Jamaica Ltd.
PDVSA aka Petroleos de Venezuela SA
Quebecor World Inc
URUGUAY, ORIENTAL REPUBLIC OF
VENEZUELA, BOLIVARIAN REPUBLIC OF

Professionals
Arnold & Porter
Ernst & Young
Glass & Associates
KPMG
Kirkland & Ellis
Miller Buckfire & Co.

 THE TROUBLED COMPANY REPORTER - LATIN AMERICA
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