In Monday's Americas papers

26 November 2007 11:09  [Source: ICIS news]

THE WALL STREET JOURNAL

Front Page

Recession fears weigh heavily on the markets
Battered stock and bond markets are sending an increasingly ominous signal that a US recession could be near.

After rush, retailers try new shopping lures
Holiday shopping started with a bang, delivering stronger than expected sales Friday but retailers still fearing a weak season quickly began pulling out the stops in an effort to keep up the momentum.

Airbus, China sign $14.8bn deal
Airbus said it signed contracts on Monday to sell 160 commercial passenger jets to China in a deal valued at around $14.8bn.

Money & Investing

Citigroup feels heat to modify mortgages
Paulo Perez, a graphic artist, hasn't made payments in months on the $330,000 mortgage on his ranch house in La Puente, Calif. It fell to Citigroup mortgage-servicing unit to decide what to do about that.

Where Countrywide chief is finding a life preserver
When Countrywide Financial chief executive Angelo Mozilo needs cash to fund home loans these days, he doesn't look to investment banks in New York or London.

Treasury prices poised to climb as investors fret
The sky appears to be the limit for US Treasury prices as investors remain unnerved about the well-being of the financial system.

THE NEW YORK TIMES

Front Page

Short of money, GOP enlists rich candidates
Confronting an enormous fund-raising gap with Democrats, Republican Party officials are aggressively recruiting wealthy candidates who can spend large sums of their own money to finance their Congressional races, party officials say.

Rice’s turnabout on Mideast peace talks
At President Bush’s first National Security Council meeting in January 2001, he announced that he did not want to be drawn into the shattered Middle East peace process, people at the meeting recalled, because he believed that former president Bill Clinton had pushed so hard for an Israeli-Palestinian accord that he made the situation worse.

Business Day

Retail sales rise, but stores relied on discounts
Black Friday was big--but with a big caveat. With stores dangling steep discounts and consumers worried about the economy, retail sales surged on the day after Thanksgiving, yet the amount of money each shopper spent fell, according to two reports released yesterday.

FCC chief seeks votes to tighten cable rules
The head of the Federal Communications Commission is struggling to find enough support from a majority of the agency’s commissioners to regulate cable television companies more tightly.

THE WASHINGTON POST

Front Page

Iraqis detail shooting by guard firm
Guards employed by Unity Resources Group, a security company responsible for the shooting deaths of two Iraqi women here on 9 October, had shot and seriously wounded a man driving a van 3 1/2 months earlier on the same Baghdad thoroughfare, according to four witnesses.

Romney and Giuliani turn negative in New Hampshire
With Rudolph Giuliani looking to spring a surprise against Mitt Romney in the state hosting the nation's first primary, the race for the Republican presidential nomination took a sharply negative turn here Sunday as the two candidates traded accusations about taxes, crime, immigration, abortion and ethical standards.

Business

As the price of oil soars, many turn to renewables
Thomas Rainwater spent 25 years in what people today call the traditional, old-fashioned energy business. An engineer by training, he worked at nuclear and coal-fired power stations, was a marketing executive for a natural gas producer and pipeline, and finally a top strategist for a Canadian power-generation company with a market capitalization of $5.5bn.

'Cleantech' investing gets its day in the sun
Everybody seems to be looking for ways to make money on technologies that are said to reduce fossil-fuel emissions, wean the country from foreign oil and, generally, save the world.

GLOBE AND MAIL, Canada

Front Page

Grey Cup goes green
Stepping onto the field before a sea of green to begin the 95th Grey Cup game, the Saskatchewan Roughriders must surely have felt the responsibility of not letting their enormously loyal fans down.

Defiant Harper pans climate change critics
An unapologetic Stephen Harper emerged from a weekend Commonwealth meeting convinced that his stand on climate change is the right way to go despite allegations that he isolated Canada at a major international forum.

Business

Business gets better at the business of disclosure
Canadian companies are giving shareholders a growing volume of information about their executive compensation and their boards of directors, a Report on Business review of corporate governance trends reveals.

ACTS readies its expansion plan
Canada's largest aircraft repair company, a specialist in fixing Air Canada jets, plans to quadruple the size of its El Salvador operations as it pursues heavy maintenance contracts from foreign carriers.

BUENOS AIRES HERALD

Front Page

Australia ushers in new era with Rudd
Australia’s Labor leader Kevin Rudd, a Mandarin speaking former diplomat, swept into power at a national election yesterday on a wave of support for generational change, ending 11 years of conservative rule.

Benedict elevates two Argentines to cardinal
Thousands of people, among them 150 cardinals, as well as priests, bishops and pilgrims’ groups were present at the joyful ceremony. The director of Catholic Faith of the Foreign Ministry, Luis Saguier Fonrouge, attended the consistory inside St. Peter’s Basilica representing the Argentine government.

Chavez loses ground on reform plebiscite
The survey was conducted by Caracas polling firm Datanalisis, whose polls ahead of past votes have consistently matched Chavez’s electoral victories. It found about 49% of likely voters oppose Chavez’s reforms, well ahead of 39 percent who favour the changes.

By: Staff Reporter
+44 20 8652 3214

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