Energy Future Crown Jewel Creates Rift: Corporate Finance

The jockeying has begun for the prized asset of Energy Future Holdings Corp., which filed for bankruptcy in April with about $50 billion of debt after the largest leveraged buyout in history.

Rosneft Quarterly Net Jumps on $5.2 Billion Gain on TNK-BP Deal

OAO Rosneft, Russia’s largest oil producer, said third-quarter profit rose eightfold from the previous three-month period after it recorded a 167 billion-ruble ($5.2 billion) gain on the value of TNK-BP.