In Thursday's Americas papers

07 February 2008 12:47  [Source: ICIS news]

THE WALL STREET JOURNAL

Front Page

Candidates mobilise as race grinds on
After campaigning for more than a year, spending more than $180m between them, and facing voters in more than half the states, Hillary Clinton and Barack Obama are essentially tied in their battle for the Democratic presidential nomination.

Airline merger talks may lead to double wedding
Merger discussions between Delta Air Lines and Northwest Airlines have picked up steam, and a deal could be announced in the next two weeks, according to people who have been briefed on the negotiations.

Fed chief lends his ear to a diverse group
Alan Greenspan, the former Federal Reserve chairman, tops a long list of academics, executives and economists who met with the Fed's current chairman, Ben Bernanke, during a turbulent period for the nation's economy.

Money & Investing

Rescue plans won't prevent downgrades
Rescue plans are starting to take shape for struggling bond insurers, but they aren't likely to prevent further ratings downgrades for many of the companies.

S&P plans series of moves to counter conflict claims
Standard & Poor's Ratings Services plans to announce 27 separate actions it will take in hopes of bolstering confidence in credit markets and the bond-rating firm's analytical integrity, including tougher oversight of analysts to spot potential conflicts of interest.

EU balance gets shaky
When the European Central Bank meets today to decide whether it needs to cut interest rates to combat a widening economic slowdown, its task will be further complicated by uneven economic performance across the continent.

THE NEW YORK TIMES

Front Page

The vanishing point
Hedi Slimane or blame him. The type of men Slimane promoted when he first came aboard at Dior Homme some years back (he has since left) were thin to the point of resembling stick figures; the clothes he designed were correspondingly lean.

Obama and Clinton brace for drawn-out campaign
With no breakout winner in Tuesday’s Democratic primaries, Senators Hillary Rodham Clinton and Barack Obama on Wednesday began fortifying for a drawn-out nomination fight, with Clinton disclosing that she had lent her campaign $5m while Obama raised $3m online in a single day and rejected calls for more debates.

Business Day

Drug ads raise questions for heart pioneer
Dr Robert Jarvik is best known for the artificial heart he pioneered more than a quarter-century ago. Since then he had toiled in relative obscurity - until he began appearing in television ads two years ago for the Pfizer cholesterol drug Lipitor.

Senate GOP blocks additions to stimulus Bill
By a single vote, Senate Republicans on Wednesday blocked an expansive fiscal stimulus package championed by Democrats, as partisan rancor engulfed the effort to inject a quick burst of spending into the slowing economy.

THE WASHINGTON POST

Front Page

Virginia is next battleground in Democrats' long fight
Senators Hillary Rodham Clinton and Barack Obama, digging in for a delegate-by-delegate fight for the Democratic presidential nomination, returned to Washington yesterday with plans to make Tuesday's Virginia primary a major battleground.

Clinton's California dream team
He had spent long nights squirming in a chair at the Kodak Theatre waiting to find out whether he had won an Academy Award, but Rob Reiner had rarely felt so nervous. Thirty minutes before last week's Democratic debate, the movie director and ardent Hillary Rodham Clinton supporter tugged at the knot in his red tie as he entered the venue's four-story archway on Hollywood Boulevard.

Business

Clarity sought on electronics searches
Nabila Mango, a therapist and a US citizen who has lived in the country since 1965, had just flown in from Jordan last December when, she said, she was detained at customs and her cellphone was taken from her purse.

Polar bears' plight raised in drill bids for oil, gas
The Interior Department yesterday announced $2.6bn in winning bids from companies seeking to drill for oil and gas in Alaska's Chukchi Sea despite protests from environmental groups and members of Congress that oil and gas exploration would endanger polar bears.

GLOBE AND MAIL, Canada

Front Page

PM's line in sand fuels election fever
Parliament will be given three chances over the next two months to plunge the country into a spring election.

US army accuses Khadr of killing Afghans
The US is holding Canadian Omar Khadr responsible not only for the death of an American soldier, but also for the killing of two other Afghan soldiers who were shot before American troops rushed the compound where the then-15-year-old was staying.

Business

Air Canada pulls to profit in fourth quarter
Currency translation gains and higher revenues combined with cost controls helped Air Canada record a net fourth quarter profit of $35m, reversing a $144m loss for the same period the previous year.

Bank of England cuts rates
The Bank of England lowered its key interest rate to 5.25% on Thursday, its second cut in three months. The European Central Bank, meanwhile, was expected to keep its own rate unchanged.

BUENOS AIRES HERALD

Front Page

Tornadoes rip across US South killing 54
Tornadoes ripped through the US South on Tuesday and yesterday, killing at least 54 people and injuring more than 150 in the deadliest such onslaught in nine years.

Kunkel rails at Vatican
Kirchnerist Deputy Carlos Kunkel yesterday accused the Vatican of putting up resistance in accepting the credentials of Alberto Iribarne, the government’s designated ambassador to the Vatican.


By: Staff Reporter
+44 20 8652 3214



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