| Water department will seek bids for two more wells
The Forrest City Water Commission on Tuesday granted permission to Jim Beazley, manager of the Forrest City Water Utility, to bid out two new wells. During the meeting, Beazley told commissioners that the results of one of the most recent well projects are still unknown. Layne Arkansas lowered the screens on the Plant 2 well behind the Forrest City Civic Center, and we havent received the report back on that yet, said Beazley. The well was having problems, and we thought resetting the screens would help it. We hope to have that report soon. I met with the Industrial Development Corporation and they were gracious enough to okay the sites for wells 6 and 7 (in the area of Dawson and Eldridge roads), stated Beazley. Once we get them up and running, it will improve the system.
Iran soon to accept bids for two more nuclear power plants
TEHRAN, April 15 (RIA Novosti) - Iran will soon announce a tender for the construction of two more nuclear power plants in the south of the Islamic Republic, an official of Iran's Atomic Energy Organization said Sunday. Ahmad Fayazbakhsh said the power plants will each have a capacity of 1,000 to 1,600 megawatts and will be built at Bushehr where Russia is completing the construction of Iran's first nuclear power plant. Iran has been at the center of international concerns since January 2006 over its nuclear program, which some countries, particularly the United States, suspect is geared toward nuclear weapons development. Tehran has consistently denied the claims, saying it needs nuclear power for civilian purposes. Fayazbakhsh said some major European and Asian contractors have already displayed interest in the construction of NPPs.
Rosneft subsidiary wins 5th auction for bankrupt Yukos assets
MOSCOW, April 18 (RIA Novosti) - A subsidiary of Russia's state-run crude producer Rosneft has won the fifth auction for smaller assets of the now bankrupt oil company Yukos [RTS: YUKO], the country's federal property fund said Wednesday. Yukos, once Russia's largest oil company, was declared bankrupt August 1, 2006, after three years of litigation with tax authorities over the company's tax arrears. Neft-Aktiv was declared the auction winner after it offered 1.03 billion rubles (about $40 million) for the lot compared with the lot's initial price of 992.31 million rubles (about $38.5 million). The other bidders included the companies Akkord and MorTransInvest, the fund said. The first auction held March 27 to sell Yukos's 9.44% stake in Rosneft was won by Rosneft's subsidiary RN-Razvitiye, which offered 197.84 billion rubles for the lot (about $7.6 billion), compared with the lot's initial price of slightly over 195.5 billion rubles (about $7.5 billion).
Foreclosure nightmare worsens
The worst of the U.S. housing slump may be over but not the foreclosure nightmare that haunts many of the nations homeowners, says a Central Valley real estate investment and foreclosure information company. More than a quarter-million (253,803) pre-foreclosures and notices of pending foreclosure auctions were filed nationwide in the first quarter of the year, according to figures compiled by Foreclosures.com of Fair Oaks. That means 2.4 out of every 1,000 homeowners faced losing their property to foreclosure in the first three months of 2007, according to its calculations. Those numbers are up 22.5 percent from the 207,128 filings in the fourth quarter 2006. They also dont include tens of thousands more now-vacant properties that actually were lost to foreclosure during that same period, says Foreclosures.com.
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