Bizwatch

The Best Man For the Job?
If ever a company needed saving, it is Yukos. The troubled Russian oil titan, hit by the jailing last year of top shareholders Mikhail Khodorkovsky and Platon Lebedev, learned last week that the Kremlin allegedly favors the idea of France's Total taking 25% of Sibneft — the oil company in which Yukos says it has a 92% holding. (Total denied it was interested.) A group of foreign banks warned Yukos that with Russia having frozen its assets over a $3.5 billion tax claim, the company was in danger of defaulting on a...

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