In Monday's Americas papers

11 February 2008 11:00  [Source: ICIS news]


Front Page

New hitches in markets may widen credit woes
A widening array of financial-market problems threatens to trigger a new phase in the global credit crunch, extending it beyond the risky mortgages that have cost banks and investors more than $100bn in losses and helped push the US economy toward recession.

After big defeats, Clinton replaces campaign manager
Senator Hillary Clinton replaced her campaign manager yesterday, the first step in what could be a broader shake-up in her campaign, after Senator Barack Obama won four weekend contests, turning up the pressure on the one-time Democratic front-runner.

Terror charges imminent in 9/11 case
Tomorrow, the US plans to unveil a sweeping series of criminal charges designed to showcase the global conspiracy behind the suicide-hijackings of 11 September 2001. The terror attacks hurtled America into a new era of war overseas and constitutional struggle at home.

Money & Investing

Big wireless-gear deal may loom
Motorola and Nortel Networks are in talks to combine their wireless-infrastructure units in a joint venture, said people familiar with the situation, the latest response to slowing growth in the telecom-equipment industry.

Writers near return, but web question lingers
A crippling three-month strike by film and television writers is drawing to a close, but the battle over its main issue - Internet compensation for Hollywood's creative talent - may have only just begun.

Yahoo's rejection pressures Microsoft to mull a new bid
Yahoo Inc's rejection of Microsoft Corp's buyout bid will test whether the software giant is willing to pay a lot more for the Internet company - or risk a truly hostile takeover attempt.


Front Page

In oil-rich Mideast, shades of the Ivy League
On a hot October evening, hundreds of families flocked to the sumptuous Ritz Carlton here in this Persian Gulf capital for an unusual college fair, the Education City roadshow.

US said to seek execution for 6 in 11 September case
Military prosecutors have decided to seek the death penalty for six Guantanamo detainees who are to be charged with central roles in the 11 September terror attacks, government officials who have been briefed on the charges said Sunday.

Business Day

Theory gains that trader had a helper
The police investigating the trading scandal at Societe Generale were moving on Sunday toward a theory that its rogue trader, whom the bank blames for losing it nearly $7.2bn, might not have acted alone, as he and the bank have claimed.

Putting candidates under the videoscope
One late night last November, Mitt Romney, campaigning in Greenville, SC, was approached by three young women in bright matching outfits looking for a hug. Mr Romney, thinking they were cheerleaders from nearby Clemson University, obliged.


Front Page

Clinton replaces top aide amid losses
Senator Hillary Rodham Clinton shook up her presidential campaign yesterday, replacing campaign manager and longtime aide Patti Solis Doyle with Maggie Williams, her former White House chief of staff, in an acknowledgment of the unexpectedly difficult struggle in which she finds herself against Senator Barack Obama.

Party girl's night in
The results are in, and the Recording Academy's official take on Winehouse is this: Yes, yes, yes, yes, yes. The exceptional if exceptionally troubled British soulstress with the whiskey-soaked oeuvre dominated Sunday's Grammy Awards, winning record of the year, song of the year (a writing award) and best female pop vocal performance for her defiant, autobiographical single, "Rehab."


Chavez threatens to halt Venezuela's oil sales to US
Venezuela's President Hugo Chavez yesterday threatened to cut off oil sales to the US if ExxonMobil pursues international court orders it has obtained against billions of dollars of Venezuelan state assets in a contract dispute.

Fed's rate cuts bring no relief for consumers' credit card bills
The Federal Reserve's dramatic rate cuts were expected to make it cheaper for consumers to use credit cards. But credit card interest rates remain high and in many cases have even climbed.


Front Page

Canadians 'winning' in Kandahar, general says
Secret military statistics show that Taliban attacks have decreased in Kandahar's core districts in the past year, illustrating the success of Canada's new strategy of pulling back its troops into the heart of the province, a top military commander says.

East Timor president seriously wounded in attack
Rebel soldiers shot and seriously wounded East Timor's president and opened fire on the prime minister Monday as part of a failed coup attempt in the recently independent nation, officials said. A top rebel leader was killed during one of the attacks.


Rough ride predicted for US auto dealers
The next five months or so will be difficult ones for US auto dealers, with sales expected to slump, but the chief economist for the National Automobile Dealers Association expects a bit of a rebound in the second half of the year.

Harper's capital gains promise fades from view
Prime Minister Stephen Harper's 2006 campaign pledge to give Canadian investors a big capital gains break has turned out to be the runt of the litter when it comes to election promises.


Front Page

Berlusconi is back
Media mogul Silvio Berlusconi launched his campaign yesterday to become Italy’s prime minister with his trademark flamboyance, attacking rivals as Marxists who overtaxed Italians and were lax on illegal immigration.

Two die from Acindar blast
Two out of the eight workers who were injured last week by an explosion at a plant of the Acindar steel company in Villa Constitucion, Santa Fe, died yesterday due to the injuries sustained, and the Villa Constitucion branch of the UOM steelworkers union called a 24-hour strike as from 2pm yesterday in mourning.

Davis sweep
Easy as pudding. David Nalbandian embraces teammate Jose Acasuso after defeating Great Britain's Ross Hutchins and Jamie Murray at a Davis Cup doubles tennis match to complete a 3-0 sweep

By: Staff Reporter
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