Francesco Clark: The Other Side of the Mole Hill
60 Black Music Style Icons
Russia's Richest Woman Seeks Government Bailout
Filed under: Wealth
Russia's richest woman, Yelena Baturina,is now seeking a financial bailout. Baturina owns a construction and real estate firm, Inteko, which has fallen on hard times recently.Yelena Baturina started out as a factory worker but got a degree in management and worked for the Moscow government where she met her husband Moscow Mayor Yuri Luzhkov. She founded Inteko with her brother and the rumor is that she used her husband's political power to secure lucrative federal and municipal building contracts.
Now Inteko is in trouble as falling real estate prices have led to construction slowdowns and Inteko is struggling with major debt accrued when it used bank loans to buy stakes in companies like Gazprom. Baturina's wealth has plummeted and she is off the Forbes list of billionaires. She's seeking around $1.4 billion in government loan guarantees to help expand Inteko's manufacturing base. While it seems that no one really wants to see Baturina get her hands on more money the bailout might be necessary to prop up the construction market.
PHOTOS: Most And Least Christian States In America
Rookie Cop Reportedly Berated, Called 'A Rat' For Arresting Off-Duty Officer
Brooke Shields Goes From 'Pretty Baby' To Gorgeous Woman
Rodents Run Amok at Upstate New York Walmart
Apple CEO Tim Cook interview at D10: the liveblog
New Video Shows Face-Eating Attack Lasted 18 Minutes
How I Went Bankrupt at 23
Can a New Guy Save Best Buy?
Waiter Down On His Luck Scores 19,000 Percent Tip
Walmart Ending Membership in Conservative Group
Beyonce 60-Pound Weight Loss: Queen B Flaunts New Figure During Comeback Concert Series
Does Tebow Have A Secret Girlfriend?
I'm A Successful Entrepreneur But Might Get Deported
What's a Realistic Retirement Age?
The State With The Most Smokers Is...
Mark Zuckerberg Makes Surprise Cameo on Chinese TV
Do Women Have A "Sexual Prime'"?
PHOTOS: Did Jess Get Too Much Photoshop?
Seattle Gunman Kills 5, Injures 1 Before Shooting Self To Death
Disturbing Video Allegedly Shows Montreal Torso Suspect Murdering Victim
LOOK: Photos Of Military Moms Breastfeeding In Uniform Cause Controversy
WATCH: Fox News Makes A Straight-Up GOP Commercial
VIDEO, PHOTOS: Man Who Chewed Off Victim's Face ID'd
Chander Lost More Than 70 Pounds: 'I'm A Fitness Freak!'
10 Inventors Killed By Their Own Inventions
CNN Crisis Worsens
Kathie Lee's Awkward Gaffe About Martin Short's Dead Wife
Naked Face Eater's Victim ID'd
'Private Practice' Cast Shake Up
Parents Arrested On Suspicion Of Murder After Children's Tragic Deaths
Boy Buys Old Polaroid Camera, Finds Picture Of Uncle
Man Allegedly Disembowels Himself And Throws Intestines At Cops