In Friday's Americas papers

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

THE WALL STREET JOURNAL

Front page

Gas prices spiral down to near $2
The sudden reversal in oil and gasoline prices - the fastest and sharpest since the government began tracking monthly gasoline prices - is bringing relief to some and complicating business for others.

Clinton nomination is 'on track'
President-elect Obama is "on track" to nominate Hillary Clinton as secretary of state after Thanksgiving.

Former union chief could lead FAA
A onetime pilots union leader is a top contender to head the Federal Aviation Administration.

Money & Investing

Citi weighs options, including firm's sale
Citigroup began weighing the possibility of auctioning off pieces of the company or even selling itself outright. Shares fell a further 26%.

Directors quit as firms flounder
A growing number of directors with demanding day jobs are quitting the boards of troubled companies, including Vodafone's Sir John RH Bond.

Big three head home empty-handed
Congressional efforts to rescue Detroit's auto makers collapsed, with lawmakers saying the industry lacked credible plans to return to profitability.

THE NEW YORK TIMES

Front page

Stocks drop sharply and credit markets seize up
As a new bout of fear gripped the financial markets, stocks fell sharply again, and the credit markets seized up as confidence in the nation’s financial system ebbed.

Winter hikes, skyline views
Hiking in the winter, through the skeletal trees, can lead to brilliant vistas of city skylines, such as Boston, above, that were cloaked by the greenery of summer.

Business Day

Fields of grain and losses
Hard times are back on the American farmstead, as the price paid for crops is dropping much faster than the cost of growing them.

Citigroup tries to stop the drop in its share price
The greatest banking turmoil is setting in around Citigroup, which has lost half its value in four days.

WASHINGTON POST

Front page

Five at Guantanamo ordered released
For the first time, a federal judge ordered the release yesterday of detainees from the US military prison at Guantanamo Bay after evaluating and rejecting government allegations that five men were dangerous enemy combatants.

Fears of deep recession cause market relapse
After glimmers of improvement, prices continued to plummet for all but the safest investments, dragged down by hard hit financial firms.

Business

Deflation becomes new concern
Economists warn sustained period of falling prices would deepen nation's economic troubles.

Mukasey collapses at event
The US attorney-general was hospitalised for "general illness" after fainting at a banquet.

GLOBE AND MAIL, Canada

Front page

File on 1980 Paris bombing revealed
The author of the 1980 bombing of a synagogue paraded in the streets of Paris with two fake Cypriot passports, and carried a stack of $100 bills to pay for the material used in his deadly deed, according to French police records released on Thursday.

RCMP interview Bernier about Couillard claims
The RCMP finally interviewed Conservative MP Maxime Bernier this month about allegations of influence peddling involving his former girlfriend, Julie Couillard, sources said.

Business

Citigroup weighing sale
Wall Street Journal reports second largest US bank by assets considering sale of all or part of company

Most Asian markets rebound after North American rout
Investors scoop up battered financial and technology shares after days of sharp declines

BUENOS AIRES HERALD

Front page

Congress scraps AFJPs
In a widely expected outcome, the Senate controlled by Peronist President Cristina Kirchner’s Victory Front, last night passed a law to renationalise the private pension fund system. 

New US jobless claims at 16-year high
Officials warn of grim job outlook with demand for workers falling and a 2:1 job hunter-new job ratio.

Cyndi Lauper and Queen + Paul Rodgers
The pop songstress and the new incarnation of the legendary pop group live tonight.

By: Staff Reporter
+44 20 8652 3214

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