In Tuesday's Americas papers

21 April 2009 11:30  [Source: ICIS news]


Front page

Shell’s plan to lead in storage of carbon dioxide hits a snag
Royal Dutch Shell PLC’s push to become a world leader in the technology to capture and store carbon dioxide has hit a snag in the Netherlands, where locals are trying to block the company’s plan to bury carbon dioxide under their town.

Tesco posts slight rise in annual net
Tesco PLC posted a 1.7% rise in annual net profit, despite higher-than-expected losses on its US venture, as the UK’s biggest retailer was able to retain customers during the downturn by cutting prices and introducing more affordable products.

UK retail prices fall for first time since 1960
UK retail prices fell on a year-to-year basis for the first time in nearly 50 years in March, while consumer price inflation continued to show more resilience than had been expected, the Office for National Statistics said on Tuesday.

Money & Investing

Oracle snatches Sun, foiling IBM
Oracle struck a surprise deal to buy Sun Microsystems for $7.38bn, swooping in after talks between Sun and IBM stalled.

IBM profit slips amid weak sales
IBM’s profit slipped 1% as revenue declined 11%, pulled down by the stronger dollar’s effects on sales abroad.

For BofA, a $4.2bn profit is not a fix
Bank of America posted profit of $4.2bn for the quarter but investors focused on expected credit losses and the stock slid 24%.


Front page

Lawmaker is said to have agreed to aid lobbyists
Representative Jane Harman was overheard on calls agreeing to seek favourable treatment from the Bush administration for two pro-Israel lobbyists investigated for espionage.

Pressure grows to investigate interrogations
Despite his assurances to the CIA, President Obama may not be able to avoid an inquiry into interrogation tactics used under the Bush administration.

Business day

Bid to organise nurses faces setback in Congress
In Louisville and around the country, organised labour may be facing a major setback in the most contentious fight over labour laws since the 1940s.

Spain’s falling prices fuel deflation fears in Europe
Economists fear that the country may be in the early grip of deflation, which can result in a downward spiral that can be difficult to reverse.


Front page

Health-care dialogue alarms Obama’s allies
Democrats’ disputes over creating government-sponsored insurance programme to compete with private companies may threaten reform effort.

Agency, Chrysler dispute loan
Watchdog group says federal money was spurned because of pay limits, which automaker denies.


Bank of America’s profit mainly due to recent deals
Bank of America said yesterday it earned $4.2bn in the first quarter, the latest sign that the government is succeeding in stabilising the banking industry.

Card issuers brace for stern warning
President Obama will meet directly with credit card executives this week and plans to tell them to support strict measures that curb lending abuses or face the wrath of angry consumers and a determined Congress, according to banking industry officials.


Front page

‘I really thought we were dead’
After a half hour of stalking the aisles of the Canjet plane he had hijacked, demanding to be flown away, a deranged 21-year-old gunman strode towards a flight attendant and sought to make his point.

Clinton, Bush booked for joint Toronto appearance
Former US presidents Bill Clinton and George W Bush will appear together in Toronto next month on a public stage for the first time since Bush ended his presidency, in a remarkable twist on the cultural cold war that Barack Obama and others are trying to lay to rest.


Rate cuts have limited effect
The Governor of the Bank of Canada is laying the groundwork to take an active role in the economy as a buyer of last resort.

Banks brace for wave of credit card losses
The retrenching American consumer appears to be putting the brakes to Wall Street’s hopes for an early recovery.


Front page

Ahmadinejad triggers UN walkout
Iranian President Mahmoud Ahmadinejad prompted a rare walk-out at the United Nations yesterday when he called Israel a "cruel and repressive racist regime" in his remarks to a conference on race.

Michetti resigns, will run
Buenos Aires Deputy Mayor Gabriela Michetti yesterday quit her post to lead the ticket of the Unión-PRO alliance in June’s mid-term election for the national Congress in the capital, basing her decision on the lack of co-operation from the national administration on key issues affecting the City.

2nd Lugo paternity suit
Paraguay’s president was hit with another paternity claim yesterday, just a week after the former Roman Catholic bishop acknowledged fathering a different illegitimate child while still subject to his vows of chastity.

By: Staff Reporter
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