In Thursday's Americas papers

11 June 2009 11:30  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

Russians outfox US in latest great game
In the West, hopes were high that the financial crisis would rein in Putin’s assertive foreign policy. But hard times have had the opposite effect.

United accepts record bid for Ronaldo
Manchester United has accepted an £80m offer for Cristiano Ronaldo from Real Madrid.

Ticketmaster deal faces UK inquiry
A UK competition regulator said it will investigate the proposed merger of Ticketmaster Entertainment and Live Nation.

Money & Investing

Fiat closes deal with Chrysler
Chrysler and Fiat closed their government-brokered alliance, but the new company faces tough challenges as it tries to reinvigorate its vehicle line-up and win back consumer confidence.

Fed emails bash BofA chief Lewis
Federal Reserve officials criticised BofA and its CEO in emails after the bank tried to pull out of its deal to buy Merrill Lynch.

Dell looks to ramp up acquisitions
Dell Inc is cranking up its mergers and acquisitions engine, just as competition for technology deals begins heating up again.

THE NEW YORK TIMES

Front page

In Iran race, ex-leader works to oust president
Though not a candidate himself, former president Ali Akbar Hashemi Rafsanjani has engaged in a bitter behind-the-scenes feud with President Mahmoud Ahmadinejad that has helped define the Iranian presidential race.

More leeway for new US commander in Afghanistan
The new American commander in Afghanistan has been given carte blanche to handpick a dream team of subordinates, including many Special Operations veterans, as he moves to carry out an ambitious new strategy that envisions stepped-up attacks on Taliban fighters and narcotics networks.

Business Day

Treasury to set executives’ pay at seven ailing firms
The Obama administration’s sweeping new proposal to restrict executive pay is likely to be a humbling exercise for seven of the nation’s largest companies, which have received billions of dollars in federal assistance to survive the economic crisis.

Overseer of big pay is seasoned arbitrator
Kenneth R Feinberg, appointed by the Obama administration as the compensation official for companies on federal assistance, has experience in mediating complicated disputes.

WASHINGTON POST

Front page

At a monument of sorrow, a burst of deadly violence
At 12:40 pm yesterday a man stepped through the doors of the US Holocaust Memorial Museum. He took two paces, lowered his rifle at a security guard and before anyone could react, opened fire in a popular national landmark.

Obama administration finds health-care model in Green Bay
When President Obama touches down today in Green Bay, he will be landing in one of the highest-value health communities in the nation, a city that by numerous measures has managed to control medical spending while steadily improving health outcomes.

Business

Digital TV ready to rule the tube, leaving some viewers in the dark
Almost 3m US homes - 60,000 households in the Washington area alone - could wake up on Saturday to a blank TV screen.

US targets excessive pay for top executives
The Obama administration named a "compensation czar" yesterday to set salaries and bonuses at some of the biggest firms at the heart of the economic crisis, as part of a broader government campaign to reshape pay practices across corporate America.

GLOBE AND MAIL, Canada

Front page

Ottawa plans $1bn boost for forestry
Ottawa is stitching together a $1bn lifeline for the forest industry designed to rescue pulp producers from the devastating effect of billions of dollars in subsidies from Washington to their US rivals.

Ottawa blasts Rae’s ‘absurd’ deportation
The Canadian government condemned Sri Lanka yesterday for expelling Liberal MP Bob Rae on the pretext that he was a security risk, calling the move "unacceptable".

Business

Africa’s heavy toll
Wealthy donor countries have long preached the joys of globalisation to struggling African economies.

Nortel says it will not appear before MPs
Nortel Networks Corp (NT-T0.19-0.02-7.50%) has rejected an invitation from the House of Commons finance committee to answer questions in Ottawa about why it has reduced pension payments and withheld severance at the same time it hands out bonuses to employees.

BUENOS AIRES HERALD

Front page

Influenza: 25 new cases
H1N1 virus cases in Argentina add up to 281 and there are 1,032 samples being tested in Malbrán Institute, said Health Ministry sources.

Grassi sentenced to 15 years in prison on charges of child abuse
A court in Buenos Aires sentenced Julio César Grassi to 15 years in prison on several charges of child abuse at the Felices los Niños foundation in Hurligham in the late 1990s.

Air France crash: Terrorist attack not to be discarded
French intelligence service revealed that among the list of passengers of the Air France AF447 airbus airliner that went missing on 1 June during its Rio-Paris air-route and crashed in the middle of the Atlantic Ocean were two suspect names.

By: Staff Reporter
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