In Friday's Americas papers

05 September 2008 12:00  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

McCain bets on maverick appeal
McCain seized the Republican nomination he has long sought by vowing to cross partisan divides. The move is designed to help reclaim his image as a reformer at a time when his maverick reputation has been questioned.

Iraq seeks F-16 fighters
The Iraqi government is seeking to buy 36 advanced F-16 fighters from the U.S., a move that could help reduce its reliance on US air power, while creating a concern for its neighbours.

Dell plans to sell factories
Dell has approached contract computer manufacturers with offers to sell its factories world-wide, as the PC giant overhauls a production model that is no longer competitive.

Money & Investing

Productivity jumps as costs fall
US productivity soared and labour costs fell in the second quarter, but the job market remains weak, new data show.

Indonesia raises interest rate
The key interest rate in Indonesia was raised a quarter point to 9.25%, predicting high inflation for the rest of the year.

McCain's bipartisan hope
McCain's advisers are working on strategies for a McCain White House to avoid legislative gridlock if Democrats, as is likely, deepen their control of Congress.

THE NEW YORK TIMES

Front page

McCain vows to end ‘partisan rancour’, seizing theme of change from rival
Senator John McCain sought to move from a convention marked by an effort to reassure the party base to an appeal to a broader electorate.

Abramoff gets 4 years in prison for corruption
The sentence for Jack Abramoff, the lobbyist tied to influence peddling, was longer than prosecutors sought.

Business Day

Altria said to be in talks with tobacco maker UST
Altria Group is in advanced talks to buy UST, the maker of the popular Skoal and Copenhagen smokeless tobacco brands, for more than $10 billion. The terms could not be learned.

Lehman weighs split to rid itself of troubling loans
The ailing Wall Street bank is working toward a radical solution in its fight for survival: Splitting itself into a “good” bank and a “bad” one.

WASHINGTON POST

Front page

'Change is coming'
Sen. John McCain of Arizona completed a long and often improbable journey to the Republican presidential nomination Thursday night, offering himself as an "imperfect servant" who will never surrender in his fight to change Washington and the country.

Woodward: US spied on Iraqi Prime minister
Journalist's new book reveals sharp dissent within administration and points to "groundbreaking" covert techniques that shaped course of the war.

Business

FCC may loosen telecom rule
If approved, rule will cut the amount of data phone firms must report to the regulatory agency, from consumer complaints to investments made for their networks.

Revisions weighed for pension fund payouts
Actuaries group considers revising accounting methods, which could force state and local governments to raise their contributions to workers' retirement plans.

GLOBE AND MAIL, Canada

Front page

Inside the Taliban's deadly ambush
The ambush that killed three Canadians this week was a carefully planned trap, using an elite team of Taliban fighters and the insurgents' most powerful weapon to strike in a symbolic location near the scene of Canada's bloodiest battles of the mission.

Conservatives, Bloc in virtual tie in Quebec, poll finds
The Conservatives and the Bloc Quebecois are deadlocked in a virtual tie in Quebec, with polling numbers suggesting that Stephen Harper is poised to make major inroads in the province as he prepares to call an election this weekend.

Business

'Panic' grips global markets
In the span of just 72 hours, the S&P/TSX composite index has plunged 957 points or 7%, including a 324-point tumble Thursday that could have been much worse: At one point, the index was down as much as 428 points before a few brave – or reckless – bargain hunters stepped in.

Fed not ‘magical piggy bank', Greenspan says
Troubled by the Bear Stearns debacle, former Federal Reserve Chairman Alan Greenspan is advocating a new way of dealing with government bailouts of companies whose sudden collapse could wreak havoc on U.S. economic and financial stability.

BUENOS AIRES HERALD

Front page

Govt: premeditated ‘sabotage’
Rail commuters torched seven train carriages over delays during Thursday morning’s rush-hour at Merlo station in western Greater Buenos Aires.

Opposition: society will foot US$890M Aerolíneas debt
The government yesterday celebrated Aerolíneas Argentinas renationalisation - the Senate passed the bill on Wednesday night - although the price of shares expected to be bought from Spanish Group Marsans has not been determined yet.

Dow down 340 points, LatAm markets plunge
Latin American stock markets plunged in afternoon trade on Thursday as weak US jobs data helped push the Dow Jones industrial average down nearly 3.0% and worries over Europe’s economic health flared further.

By: Staff Reporter
+44 20 8652 3214

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