In Tuesday's Americas papers

25 September 2007 11:58  [Source: ICIS news]

Front Page

Fight over jobs, cost cuts spurs walkout at GM
Workers at General Motors (GM) walked out of factories across the US, exploding a nearly decade-long truce between the auto maker and its union.

Microsoft fires volley at Google in ad battle
The battle of titans between Microsoft and Google over the future of the Internet is about to get even hotter.

Ahmadinejad gets rebuke, creates political theatre
Iranian President Mahmoud Ahmadinejad, in a rambling presentation to a packed hall at Columbia University, asserted that there are no homosexuals in Iran, reiterated that his country isn't seeking nuclear weapons and said the Holocaust may have occurred, but the subject requires more research.

Money & Investing

How Cerberus hedged auto bets
With General Motors hit by a nationwide strike and the debt of companies in the auto industry gyrating, hedge funds and private equity firms could be more exposed to any possible problems than many even in the industry realise.

World Bank nears rate reduction
For the first time in nearly a decade, the World Bank is poised to make significant cuts in the interest rates it charges China, Brazil, Mexico and other big developing countries as part of a deal to boost aid for the world's poorest nations.

Veronis to invest in plans to announce today a majority investment by private equity firm Veronis Suhler Stevenson. The investment values the online job-and-education information service at between $60m and $85m, people familiar with the matter say.

Front Page

In GM strike, both sides see a crossroads
The United Automobile Workers union wielded its most potent weapon against GM yesterday, sending 73,000 workers to picket lines in its first national strike at GM since 1970.

Ahmadinejad, at Columbia, parries and puzzles
He said that there were no homosexuals in Iran - not one - and that the Nazi slaughter of 6 million Jews should not be treated as fact, but theory, and therefore open to debate and more research.

Business Day

Outsourcing works so well, India is exporting jobs
Thousands of Indians report to Infosys Technologies’ campus here to learn the finer points of programming. Lately, though, packs of foreigners have been roaming the manicured lawns, too.

Microsoft is said to consider a stake in Facebook
Some people laughed at Mark Zuckerberg when he reportedly turned down a $900m offer last year for Facebook, the social networking website he founded three and a half years ago.

Front Page

What defines a killing as sectarian?
On 1 September, the bullet-riddled bodies of four Iraqi men were found on a Baghdad street. Two days later, a single dead man, with one bullet in his head, was found on a different street. According to the US military in Iraq, the solitary man was a victim of sectarian violence. The first four were not.

Live from New York, Mahmoud Ahmadinejad's unreality show
"For hundreds of years, we've lived in friendship and brotherhood with the people of Iraq," Iranian President Mahmoud Ahmadinejad told the National Press Club yesterday.


Workers at GM walk off the job
The autoworkers union called its first national strike in more than three decades against GM on Monday, sending thousands of workers streaming from plants across the country even as both sides prepared to resume negotiations on a new contract.

Radio One in talks with DC officials over return to city
Radio One, the country's largest radio broadcasting company targeting black listeners, may be returning its headquarters to the District from Lanham in a proposed deal that would require the city to provide $22m in public financing, according to city officials.

Front Page

Myanmar monks defy threat of force
Thousands of monks marched towards central Yangon on Tuesday in defiance of a threat by Myanmar's ruling generals to send soldiers in to end the biggest anti-junta protests in 20 years.

Ottawa signs on to rival emissions pact
Prime Minister Stephen Harper used a United Nations conference aimed at saving the Kyoto Protocol as a backdrop yesterday to announce that Canada would join a rival climate change pact.


CI plays spoiler to Scotiabank's Dundee bid
CI Financial Income Fund is seizing the chance to pursue its decade-old desire for DundeeWealth by launching an unsolicited $2.36bn offer for the company that kicks off a high-stakes bidding war.

Flaherty presses for stock exchange merger
Federal Finance Minister Jim Flaherty called on the Montreal Exchange and TSX Group to resume stalled merger talks, saying it would be in the national interest for the country's two main financial market operators to pursue combining.

Front Page

Seabed plan isn’t as bad as all that
The reaction comes after news that the British may want to expand their claims to cover even more square kilometres of Atlantic seabed, including an area around the disputed Malvinas Islands.

Fukuda chosen to lead Japan
Fukuda the 71-year-old son of a prime minister from the 1970s and a former right-hand man to two premiers, garnered 63% of the vote among Liberal Democratic Party lawmakers and delegates, beating his lone rival, former foreign minister Taro Aso.

Cheney "wanted Israel to hit Iran"
Citing two unidentified sources, Newsweek said former Cheney Middle East adviser David Wurmser told a small group several months ago that Cheney was considering asking Israel to strike the Iranian nuclear site at Natanz.

By: Aaron Rodrigues
+65 6780 4359

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