In Friday's Americas papers
08 February 2008 11:13 [Source: ICIS news]
THE WALL STREET JOURNAL
Mounting inflation concerns weigh on the Fed's next move
Federal Reserve officials are acknowledging increasing weakness in the economy, signalling a willingness to cut rates again at their next meeting. But inflation concerns are rising among some officials, indicating the magnitude of their next move may be a matter of contention.
Credit-card pinch leads consumers to rein in spending
Credit-card delinquencies are rising across the nation, a sign that some Americans are at the end of their rope financially. And these mounting delinquencies, in turn, have prompted banks to tighten lending standards, keeping people who have maxed out their cards from finding new sources of credit.Congress approves economic-stimulus bill
Congress approved a $168bn bill to boost the economy, paving the way for more than 130m households to start receiving rebate checks this spring.
Money & Investing
Prosecutors widen probes into subprime
Federal criminal prosecutors are stepping up their interest in Wall Street's mortgage-securities activities. The Justice Department's US attorney's office in Manhattan, based near Wall Street, has notified the Securities and Exchange Commission that it wants to see information the agency is gathering in its investigation of Merrill Lynch, according to people familiar with the matter.
What if Muni insurance disappeared?
The financial crisis plaguing municipal-bond insurers has some people wondering what the world would look like without them. The answer: maybe not as bad as you would think.
Worries ring up at Sears
On-the-ball investors know to follow the cash when evaluating a company, especially a struggling one. If they follow the cash at Sears Holdings, they might consider heading for the door.
THE NEW YORK TIMES
Gunman kills 5 people at city council meeting
Five people were fatally shot and two others wounded on Thursday evening by a man who opened fire as a City Council meeting began in Kirkwood, a generally placid suburb of St Louis, the authorities there said. The gunman was shot to death by police.
Miscalculations dogged Romney from the start
With Mitt Romney’s campaign for president nearly in tatters, he huddled with his senior advisers on Wednesday morning, jotting notes with pen and paper, to go over his options.
Creators of credit crisis revel in Las Vegas
It was Monday night on the Strip, and John Devaney was giving a party for himself and fellow connoisseurs of risk who have seen their hot hands go cold. In a gilded ballroom at the Venetian, the revelers sipped cabernet, dined on surf and turf and crowed as the Blue Man Group put on a private show.
Is it too late for Yahoo?
One of the first questions that Jerry Yang and his top lieutenants pondered after he became chief executive of Yahoo last summer was whether the company could remain independent. They quickly answered yes.
THE WASHINGTON POST
Romney out, McCain looks ahead
Senator John McCain effectively sealed the Republican presidential nomination yesterday when former Massachusetts governor Mitt Romney abruptly left the race. The senator from Arizona immediately turned his attention to repairing relations with disgruntled conservatives and to opening the general election campaign with a sharp critique of his Democratic rivals.
Clinton focuses on matchup vs McCain
Senator Hillary Rodham Clinton, making her first appearance in Virginia yesterday before Tuesday's regional primary, matched herself up not with opponent Senator Barack Obama, but Senator John McCain, who is on the verge of the Republican presidential nomination.
Congress approves stimulus package
Congress gave overwhelming final approval last night to legislation that would send government payments to most American households and grant tax incentives for business investment, sending President Bush a $152bn stimulus plan for the faltering US economy.
Dependent on a dirty fuel
Underneath the marshy ground here is a huge deposit of cheap brown coal
- manna for a nearby power plant that is among the biggest emitters of global warming gases in Europe. The presence of the fuel may mean that this village and its 680 residents have to go, moved out by the unceasing demand for dirty fossil fuels.
GLOBE AND MAIL, Canada
France hints it will offer Canada troop support
The Canadian government dispatched a team of Defence Department officials to Paris Friday to discuss the logistics of a possible French deployment in southern Afghanistan.
Judge blasts Ottawa on Afghan detainees
A Federal Court judge has refused to block detainee transfers, but lambasted the Harper government for failing to put adequate safeguards in place to prevent prisoners from being tortured in the hands of Afghanistan's security forces.
Private sector to fund, run nuclear plant
A consortium of private sector companies is teaming up with Atomic Energy of Canada to finance a $5bn ACR1000 reactor in New Brunswick in a test of a new ownership model for nuclear plants that could boost AECL's international sales.
French police question second SocGen trader: report
French police had a second trader in custody Friday in their probe of trades that led to massive losses at bank Societe Generale, respected daily Le Monde reported. Police were unavailable to immediately confirm the report that they were questioning the trader.
SUBSCRIBER NOTE: The Buenos Aires Herald failed to update its site on FridayBy: Staff Reporter+44 20 8652 3214
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial
to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free
trial to ICIS Chemical Business.