In Tuesday's Americas papers

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


Front page

Pandemic risk grows as new cases pop up
The number of confirmed cases of a deadly new strain of the flu continued to rise on Monday, as the World Health Organisation moved one step closer to declaring a pandemic.

Trichet: Threats to growth remain
Policymakers around the world are "united in purpose" to restore confidence in the financial system, but the threat of further turmoil remains, ECB President Trichet said.

Flu fears drag oil below $49 a barrel
Oil prices fell below $49 a barrel as traders mulled how much a global outbreak of swine flu could undermine demand for crude.

Money & Investing

SEC charges Pang with fraud
Danny Pang was charged in a civil case by the SEC with defrauding investors in Taiwan and elsewhere of hundreds of millions of dollars.

UAW to get 55% stake in Chrysler
The UAW would eventually own 55% of the stock in a restructured Chrysler under the deal it struck with the firm.

Ross, Invesco plan toxic superfund
Wilbur Ross will lead a $1bn investment in the government attempt to rid banks of toxic assets.


Front page

Borders are tightened as flu cases rise
Countries around the world began tightening their border and immigration controls on Tuesday as the number of swine flu cases continued to grow.

Obama acts to ease flu fears; US says it is prepared
The Obama administration dispatched high-level officials from several agencies to demonstrate that it was fully prepared to confront the outbreak.

Business day

GM’s latest plan envisions a much smaller automaker
GM expects to pare its American work force to 38,000 union employees, compared with 395,000 at its peak in 1970.

Daimler reaches deal to unload Chrysler stake
The German automaker said it agreed to divest its remaining 19.9m stake in Chrysler, ending all vestiges of a stunning 1998 merger that later went sour.


Front page

WHO raises global threat level as reports of swine flu increase
With the number of swine flu cases and deaths continuing to mount, the World Health Organisation yesterday raised its pandemic threat level one notch, saying the dangerous new virus was clearly causing sustained community-wide outbreaks.

Flu crisis tests administration
Key public health posts remain unfilled as Obama team implements nascent pandemic response plan.


GM’s new road map: Partial nationalisation
The automaker would be half owned by Treasury under a sweeping plan that would also shut down GM’s Pontiac operations, lay off 21,000 workers and impose harsh terms on the company’s bondholders.

Mortgage modification bill faces trouble in Senate
Days before an expected vote, Senate leaders yesterday touted their version of a proposal to allow bankruptcy judges to modify mortgages, but have yet to secure the support of the financial services industry and face fierce opposition that could derail the proposal again.


Front page

WHO raises alert level as virus spreads its reach
The spread of the swine flu virus across continents can no longer be stopped, and countries should instead look to mitigate its impact, the World Health Organisation said as it raised the pandemic alert level for the first time yesterday.

Washington, auto union set to take control of GM, Chrysler
In a historic reshaping of American capitalism, the US government and the auto workers’ union are on the verge of controlling both General Motors Corp and Chrysler LLC.


Chrysler edges closer to Fiat deal
Chrysler LLC moved closer to a life-saving deal with Fiat SpA on Monday by eliminating two hurdles that threatened to block a strategic alliance between the auto makers.

The blueprint for a new GM
General Motors Corp’s decision to cut 42% of its North American dealerships by next year could mean the loss of as many as 12,000 jobs in Canada.


Front page

WHO raises swine flu alert a notch
The new swine fever virus has killed up to 149 people in Mexico and world health experts moved closer yesterday to declaring it the first flu pandemic in 40 years as more people were infected in the US and Europe, with cases reported in Spain and also Scotland.

Argentine godmother for Chaco War agreement
Bolivian President Evo Morales and Paraguayan President Fernando Lugo signed the final document of the border agreement between the two countries yesterday, 74 years after the end of the 1932-1935 Chaco War that confronted the neighbouring nations, at a ceremony hosted by President Cristina Fernández de Kirchner at the Argentine Government House.

British bill to fight privilege with affirmative action
Is the end near for the English gentleman of privilege? Britain has proposed an affirmative action bill meant to tackle thorny class divisions and encourage equal opportunities for women and minorities - a proposal already causing an uproar in some circles.

By: Staff Reporter
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