In Tuesday's Americas papers

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

THE WALL STREET JOURNAL

Front page

Obama prods Bush to aid detroit
President-elect Obama met with Bush at the White House, and pressed the president to take immediate action to help stave off the collapse of the auto industry.

China bets roads will drive growth
China hopes an infrastructure spending spree can help sustain its record of expansion and rising prosperity.

Scientists go wimp hunting
Unravelling the secret of dark matter is one of the grandest prizes of astrophysics because it is the key to understanding the shape, size and even the fate of the universe.

Money & Investing

Strains mount on bailout plans subscriber content
The US's financial-system rescue plans are coming under strain as an array of distressed companies ratchet up their requests for assistance.

AmEx gets access to bailout fund
American Express won fast approval to become a bank-holding company. The move shows how fast financial services firms are racing to shore up their funding sources.

Retail losses sap a jobs safety net
The retail sector is rapidly losing its place as the employer of last resort for the newly unemployed.

THE NEW YORK TIMES

Front page

Obama asks bush to provide help for automakers
President Bush indicated he might support some aid if Democrats accepted a free trade pact with Colombia, people familiar with the discussion said.

DHL cuts 9,500 jobs in US, and an Ohio town takes the brunt
When the owner of the big shipping company DHL US Express announced on Monday that it planned to cut 9,500 jobs in the United States, the news hit this town the hardest.

Business Day

A town drowns in debt as home values plunge
A visit to Mountain House, Calif, shows how the housing crisis is contributing to a broad slowdown of the economy.

American express to be bank holding company
American Express, the nation’s last big independent credit card company, said late Monday that it would transform into a bank holding company to strengthen its position in the market turmoil.

WASHINGTON POST

Front page

Regional strategy for Afghan war
Renewed search for Osama bin Laden is part of a broader planned effort, Obama's aides say.

Seeking help for automakers
President-elect Obama urges Bush to extend aid package to include the struggling Detroit Three.

Business

Fannie, AIG struggling after federal takeover
Two months after the government began taking over ailing financial companies, the two largest efforts fail to go as planned.

Obama pushes rescue of automakers
President-elect urges quick action to prop up the faltering automobile industry, as fears about General Motors's financial condition push its stock price to the lowest level in nearly 60 years.

GLOBE AND MAIL, Canada

Front page

Canadians deny prisoner swap for journalist
Canadian and Afghan leaders rejected reports that Taliban prisoners had been swapped for the release of Canadian journalist Mellissa Fung, with officials from Ottawa to Kandahar issuing a string of denials.

Homeowners' new reality: you're suddenly poorer
When Pat Webb moved to Vancouver a year ago, she didn't think twice about buying a condo in tony Kitsilano, among the hottest neighborhoods in the city's booming real estate market.

Business

Smile, and other ways to save the company
Air Canada, faced with depleting cash reserves, is vowing to return to financial health with the help of smiling staff and a renewed focus on customer service.

ACE ponders next step
ACE Aviation Holdings Inc, the majority owner of Air Canada, will announce on  Tuesday that it is continuing to examine its options for how to dissolve the holding company and won't be rushed into a decision on what to do with its 75% stake in the airline.

BUENOS AIRES HERALD

Front page

Criminal responsibility age issue: a head rolls
Buenos Aires Governor Daniel Scioli fired Deputy Secretary for Youth Martha Arriola, who had publicly stated she was against lowering the age of criminal responsibility and had criticised the work in office of Security Minister Carlos Stornelli and Health Minister Claudio Zin by saying the situation in those areas was “catastrophic".

Car workers bring traffic to a halt in downtown BA
SMATA auto industry union members cut off vast sections of traffic in Buenos Aires City yesterday as they protested against suspensions in the auto industry, marching down Avenida de Mayo to demonstrate in front of the Labor Ministry headquarters

Nadal not making it to Mardel
Rafael Nadal will miss Spain’s Davis Cup final against Argentina because of a knee injury. 

By: Staff Reporter
+44 20 8652 3214

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