In Monday's Americas papers

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

THE WALL STREET JOURNAL

Front page

Iran’s web spying gets Western aid
Iran has developed, with the assistance of European telecom companies, one of the world’s most sophisticated mechanisms for controlling and censoring the Internet.

Taliban Chief asserts control over militants
Mullah Omar is reasserting direct control over the Taliban’s loose-knit insurgency in Afghanistan in preparation for the arrival of thousands of US troops.

Xstrata invites Anglo to merge
Anglo-Swiss miner Xstrata made a bold merger approach to rival Anglo American, underscoring the competitive pressure facing miners.

Money & Investing

Siemens sees boost from stimulus cash
Siemens said it expects to land about $21bn globally in new orders as governments seek to help industries cut energy consumption.

Land deals help home builders
Major US homebuilders have largely weathered the economic downturn, due to favourable land deals, loan agreements and tax strategies.

Tech giants ramp up online offerings
The recession is forcing tech heavyweights into a low-profit business that the companies have traditionally resisted - selling online software.

THE NEW YORK TIMES

Front page

In Iran battle, both sides seek to carry Islam’s banner
In the battle to control Iran’s streets, both sides are deploying religious symbols and parables to portray themselves as pursing the ideal of a just Islamic state.

After week of rain, co-leaders face the heat on Monday
On the longest day of the year, an endless United States Open changed shape in a New York minute Sunday. Ricky Barnes, who had led after 36 holes and 54 holes, became the co-leader on the 55th hole.

Business Day

Small carmakers benefit from Detroit’s woes
Many smaller automakers are gaining a bigger share of the American market, most notably Hyundai and Kia.

Asian markets rise on optimism about China
Asian stock markets rose for a second session on Monday amid optimism about China after the Chinese premier said the economy was improving. But European markets opened lower.

WASHINGTON POST

Front page

A tense calm on streets of Tehran
The Iranian government and opposition leader Mir Hossein Mousavi stepped up their war of words on Sunday after at least 10 people were killed in clashes on Saturday, while an uneasy calm prevailed on the streets of Tehran on Sunday for the first time since Iran’s worst political crisis in 30 years began a week ago.

Recovery’s missing ingredient: New jobs
Despite signs that the recession gripping the nation’s economy may be easing, the unemployment rate is projected to continue rising for another year before topping out in double digits, a prospect that threatens to slow growth, increase poverty and further complicate the Obama administration’s message of optimism about the economic outlook.

Business

At general dynamics, chief leaves a legacy of nailing the numbers
When Nicholas D Chabraja, a former Chicago trial lawyer, took over running General Dynamics 12 years ago, the giant defence contractor had $4bn in sales, 29,000 employees and pretty simple businesses - one made tanks, another made nuclear submarines.

Test-driving a foreign business model
Government-backed companies once brought blackouts to Eastern Europe and produced Russia’s Lada car. But last year, such firms launched the world’s largest jumbo jet, ranked among the wealthiest of investment firms and laid claim - in China - to being the biggest cellphone operator on earth.

GLOBE AND MAIL, Canada

Front page

Toronto city workers on strike
Toronto residents will be without garbage collection, day care and a wide range of other services starting today after a legal strike was called by the city’s 24,000 unionised workers.

Alberta’s oil sands show signs of life
Unlimited overtime pay was just one of the many perks John Halbauer enjoyed as a welder during Alberta’s super-sized energy boom.

Business

Nortel breakup signals R&D power shift
The federal government could have prevented the liquidation of Nortel Networks Corp with a massive bailout, but instead Ottawa has decided that the best way to salvage something from the biggest corporate bust in Canadian history is to help fund a foreign breakup.

Xstrata seeks merger with Anglo American
Swiss mining giant Xstrata PLC said on Sunday it is seeking a merger with rival Anglo American PLC.

BUENOS AIRES HERALD

Front page

Fraud confirmed in Iran’s 12 June elections
The Iranian press informed that there were irregularities in the presidential elections in Iran on 12 June.

Scioli: The opposition is being ‘underestimated’
Buenos Aires Governor and government candidate Daniel Scioli insisted in an eventual unity between Peronists after the elections, but also said that "the Radicalism branch is being underestimated" in the polls which put Margarita Stolbizer in third place.

Molina criticises the ‘Mothers of Plaza de Mayo’
Neurosurgeon and Cuban dissident Hilda Molina accused the Human rights organisation Mothers of Plaza de Mayo of "demonising" anyone who thinks differently than them.

By: Staff Reporter
+44 20 8652 3214

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