Yukos seeks refuge in U.S. court

Article Abstract:

Fearing that it would not get a fair hearing in its home country, Russia's OAO NK Yukos is filing for bankruptcy protection in the United States. The petroleum company is hoping that a Chapter 11 bankruptcy ruling in a court in Houston, Texas, will block the Russian government from forcing the sale of its main production unit, Yuganskneftegas.

United States, Legal issues & crime, Government expenditures, Financial management, Management dynamics, Other General Government Support, Russia, Legal/Government Regulation, Government Enterprises-Total Govt, Company legal issue, Cases, Finance, Practice, Economic policy, Putin, Vladimir, Government business enterprises, Public enterprises, Company financing, Bankruptcy reorganizations, Bankruptcy reorganization, Company bankruptcy, Yuganskneftegas, Clark, Letitia

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Enel plans a bid for Yukos assets: profit falls 22%

Article Abstract:

Italian electric power company ENEL S.p.A. is planning to acquire assets of bankrupt Russian petroleum company OAO Yukos. ENEL, which posted a 22% net profit loss in 2006, is hoping the acquisition will help further its international expansion plans.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Sales, profits & dividends, Electric services, Italy, Company sales and earnings, Company earnings/profit, ENEL S.p.A.

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