In Monday's Americas papers

19 May 2008 12:06  [Source: ICIS news]

Microsoft revives Yahoo fight, considers more limited deal
Microsoft said it has resumed its effort to team up with Yahoo - and reopened the door to the possibility of making a new bid for the Internet company.

Daimler, BMW discuss linkup on components
BMW and Daimler's Mercedes-Benz Cars division are in talks to explore teaming up in developing, producing and purchasing car components, according to people familiar with the matter.

Stalwart P/E shows stocks getting pricey
Stocks have had a nice run these past couple of months. The downside: They may no longer be a bargain. The Dow Jones Industrial Average has bounced nearly 11% from its 10 March low, and many people think stocks still have juice.

PIK and roll: Companies seize on perks of loose lending terms
Some risky debt structures created during the leveraged-buyout boom are coming home to roost. A number of companies that issued debt with easy terms are now making use of those options to conserve cash.

Dairy co-op faces price-manipulation probe
Federal regulators are investigating allegations that the nation's largest dairy cooperative, Dairy Farmers of America, has manipulated milk and cheese prices, and are separately reviewing a secret transfer of cash to a former director of the organization.

Putting his money where his values are
Nicolas Berggruen became a billionaire through classic value investing. Now, he is switching to a new strategy. Call it "values investing".

Offenders return to society, but under her watchful eye
An unmarked police car so obviously a police car pulls into the circular driveway of a tired motor lodge that was maybe, maybe, a nice place at one time. The driver steps out in a blue-and-white windbreaker long enough to conceal the Glock on her right hip.

McCain to rely on party money
Pivoting toward the general election, Senator Barack Obama is turning again to his history-making fund-raising machine, which helped to anoint him as a contender against Senator Hillary Rodham Clinton and then became a potent weapon in their battle for the Democratic nomination.

Pursuit of Yahoo shows Microsoft needs a franchise
Two weeks after walking away from takeover talks with Yahoo, Microsoft made clear on Sunday that it still needed to create an Internet powerhouse that could rival Google - and that its interest in Yahoo had not waned.

Banks’ terms imperil deal to buy out Bell Canada
The $51.8bn takeover of Bell Canada, the largest leveraged buyout ever proposed, appeared to be in trouble over the weekend as the Wall Street banks that committed to finance the deal sought to renegotiate the lending terms, people on both sides of the transaction said on Sunday.

Inertia at the Top
The problem at first was that the problem was ignored: For almost two decades, young people in the US got fatter and fatter - ate more, sat more - and nobody seemed to notice. Not parents or schools, not medical groups or the government.

China faces economic aftershocks
Statistically speaking, Zhang Zhengjie and his factory are fine. Number of workers injured: zero. Number dead: Zero. The factory's steel-reinforced walls shook but held during last week's massive earthquake.

Regional office leasing activity lowest since 1995
Demand for office space in the Washington region continued its decline in the first quarter, with leasing activity dropping to its lowest level in more than a decade.

At high school, pit stops add 21,000 calories in two hours
At 10:59am, Bladensburg High School's three vending machines are hungrily whirring, anticipating the first quarters of the day.

Russian rhapsody
You didn't need a scoreboard, you could see it in the faces. Rick Nash's face, white, fallen, mouth open, eyes staring with the sort of stunned bewilderment people show when stepping out from a hard fender-bender.

The rise of junior hockey's Sunbelt kids
The rink was located in a mall in Palm Springs, California, the desert resort that is home to golfing retirees, weekending celebrities, and September temperatures in the high 30s.

Dead end for free trade
Peter Durant is getting edgy. The 41-year-old Ontario trucker should be on his way to Toledo, Ohio, to pick up a load of Oreo cookies for Kraft Canada.

Microsoft talks to Yahoo about new kind of deal
Microsoft is once again trying to team up with Yahoo to challenge Internet search and advertising leader Google, although at this point the renewed talks haven't escalated to another attempt to take over Yahoo.

BUENOS AIRES HERALD

Front Page

Chavez accuses Colombia of incursion
Venezuela yesterday accused 60 Colombian troops of entering inside its territory in what it said was a provocation by a warmongering government seeking to destabilize the region.

Shakira shakes in solidarity
Colombian pop star Shakira yesterday performed with several artists during the "The Concert for Children" in Buenos Aires, as her ALAS foundation, Latin America in Solidarity Action, hosted two simultaneous concerts in Argentina and Mexico to raise awareness to help the neediest kids in Latin America.

Ted Kennedy hospitalised after seizure
Senator Edward Kennedy, the lone surviving son in a famed political family who helped define national Democratic Party politics, suffered a seizure at his Cape Cod home yesterday and was recovering in good spirits at a Boston hospital.

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