Tuesday's Americas papers

09 September 2008 12:17  [Source: ICIS news]


Front page

Lawyer picked for possible Google suit
The Justice Department hired top litigator Sanford Litvack for a possible antitrust challenge to Google’s growing power in advertising.

BG gives up pursuit of origin energy
BG Group said it will let its offer to buy Australia’s Origin Energy lapse, a day after the target company agreed to sell a half share of key assets to ConocoPhillips.

Money & Investing

Fed expected to hold rates steady
The Federal Reserve is not likely to change its current course for interest-rate policy amid the takeover of Fannie Mae and Freddie Mac.

UK data suggest easing inflation
British producer prices fell in August, which may lead the Bank of England to cut rates if inflation keeps easing.


Front page

Forgoing subsidy, Obama team presses donors
Bypassing public financing may not provide the Obama campaign with the expected financial advantage.

To have (as a running mate), and to hold (politely)
For John McCain and Sarah Palin, handshakes are out; businesslike embraces are in - a far cry from 1984.

Business Day

Reinventing two mortgage giants: A big rebuild or a teardown?
Policy makers and Congress have begun an epic fight over how to restructure the companies once the current crisis ends.

A risky high-wire act
By many in the financial industry say a more formal debate is needed to set criteria to guide decisions on future requests for help from individual companies or industries.


Front page

Palin billed state for nights spent at home
Governor and GOP’s vice presidential nominee have also billed Alaska taxpayers for travel expenses for her children, according to travel documents.

US to re-examine Afghan strike
US team will reinvestigate air attack that led to a conflicting number of civilian casualties.


2002’s news leads to yesterday’s sell-off
A six-year-old article mistakenly seen by Bloomberg financial news users reporting the bankruptcy of United Airlines triggers a sell-off that nearly obliterated company’s stock in a matter of minutes.

Justice’s monopoly guidelines assailed
Bipartisan majority of the Federal Trade Commission characterises Justife Department report as “a blueprint for radically weakened enforcement” against monopolies that engage in illegal tactics.


Front page

Liberals show ‘another side’ of Dion
The Liberal Party will unveil today a website profile of leader Stephane Dion as an outdoorsy, passionate, family- and dog-loving man with rugged interests welded to the Canadian mythologies of nature and the North.

Hurricane Ike heads for Gulf as Cuba recovers
A weakened Hurricane Ike swept toward western Cuba and the Gulf of Mexico oil fields on Monday after its high winds and heavy rains ripped a wide swath of destruction through the eastern side of the island, killing at least four people.


CI Financial in talks to swap Blackmont for Canaccord stake
Mutual fund manager CI Financial Income Fund is in preliminary talks to sell investment banking unit Blackmont Capital Inc. to Canaccord Capital Inc. in exchange for a minority stake in the Vancouver-based investment dealer.

The energy industry’s Mediterranean love affair
Algeria and Libya have gone from no-go countries to the hottest of the oil and gas hot spots in only a few years. After a spate of recent deals, more evidence of the new love affair with the two Mediterranean countries came yesterday when Italian energy giant Eni SpA agreed to buy Toronto-listed First Calgary Petroleums Ltd., which owns a natural gas field in Algeria, for about $923m.


Front page

New dam to link Argentina, Brazil
President Cristina Fernández yesterday returned from her three-day-long tour of Brazil, where she signed bilateral cooperation agreements on energy, trade, and public works with her Brazilian counterpart, President Luiz Inácio Lula da Silva.

Arrest order in triple murder case
The probe into the triple murder case advanced yesterday, with a new arrest warrant being issued against the owner of a drug wholesale business, Jorge Alberto Ochoa. Meanwhile, the judge in charge of the probe ordered searches at warehouses in the port of Buenos Aires.

By: Staff Reporter
+44 20 8652 3214

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