In Tuesday's Americas papers

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

THE WALL STREET JOURNAL

Front page

Iran guardian council rules out new vote
Iran’s top election review board ruled out an annulment of election results, a day after admitting that irregularities may have affected some 3m votes.

UK lawmakers pick Bercow as speaker
British MPs picked John Bercow, a 46-year-old member of the Conservative Party, to drive reform as speaker of parliament’s lower house, still reeling from an expenses scandal.

RBS chief’s pay deal draws ire
RBS is under fire for the £9.7m pay package granted its new CEO. The bank has received billions in taxpayer support.

Money & Investing

Netflix boss plots life after the DVD
Netflix’s chief is racing to shift the DVD-rental company’s business to make more movies available online.

Ford, Nissan to tap federal loans
The government is poised to disclose that Ford, Tesla and Nissan will be among the first beneficiaries of a $25bn loan programme to help develop fuel-efficient vehicles.

Carriers plan to offer Google phone
Verizon Wireless and T-Mobile USA plan to launch Motorola smart phones based on Google’s Android operating system before year end.

THE NEW YORK TIMES

Front page

Top clerical council in Iran rejects plea to annul vote
Iran’s most powerful oversight council has refused to nullify the contested presidential election just one day after it announced that the number of votes recorded in 50 cities exceeded the number of eligible voters there by 3m, further tarnishing a presidential election that has set off the most sustained challenge to Iran’s leadership in 30 years, Iranian state television said on Tuesday.

Mexican cartels lure American teens as killers
Along the US-Mexican border, drug cartels recruit young men and operate their smuggling and murder-for-hire rings on both sides of the divide.

Business Day

Settlement anticipated in UBS case
The Justice Department may drop a closely watched legal case aimed at forcing the Swiss bank UBS to divulge the names of 52,000 wealthy American clients suspected of offshore tax evasion, a United States official briefed on the matter said on Monday.

Despite law, job conditions worsen in China
With China’s exports reeling and unemployment rising because of the global slowdown, there is growing evidence that factories are ignoring or evading a new contract labour law.

WASHINGTON POST

Front page

At least six killed in Red Line crash
One Metro train slammed into the back of another on the Red Line at the height of the evening rush yesterday, killing at least six and injuring 70 others in the deadliest accident in Metrorail’s 33-year-history.

Iran unrest reveals split in US on its role abroad
Iran’s post-election tumult has exposed the sharply divergent ways in which the Obama administration and its Republican opponents view the nature of American power and the president’s role in speaking to political dissent outside the borders of the United States.

Business

World Bank: Slow economic growth
Developing nations bear the brunt of a stubborn credit crunch as rising unemployment leaves émigrés with less money to send home, demand for exports is down, and foreign banks and investors pull back.

Deal reached on derivative oversight
The two agencies responsible for overseeing financial trading reach a broad agreement over how, for the first time, to regulate the vast, multitrillion-dollar derivatives market.

GLOBE AND MAIL, Canada

Front page

UN details allegations on Abdelrazik’s terrorism links
Abousfian Abdelrazik, the Canadian the government was told to bring home after years of forced exile, is a senior al-Qaeda operative personally acquainted with Osama Bin Laden and a key member of a Montreal terrorist cell, the United Nations Security Council blacklist committee alleged on Monday.

Nine dead in Washington train crash
The worst accident in 33-year history of Metrorail, Washington’s subway system, is under investigation by authorities trying to determine why a train plowed into the rear of another, killing at least nine people and injuring scores of others.

Business

Executive pay practices changing - but not fast enough for some
With corporate executives facing unprecedented scrutiny of their pay packages, Canadian companies are drafting an array of complex new compensation plans for CEOs aimed at addressing shareholder demands for reform.

Tim Hortons sets sights on Nunavut
Whenever Iqaluit Mayor Elisapee Sheutiapik returns home from a trip to southern Canada, she brings back a gift for friends and family: a few dozen Timbits.

BUENOS AIRES HERALD

Front page

Two subway trains collide in Washington DC
At least six people were killed and others were injured when a Washington DC subway train derailed and smashed into another train on tracks on the outskirts of the city during today’s afternoon rush hour.

Kirchner: The people will ‘remember the failures from the 90’s on 28 June’
Candidate for the Victory Front, Néstor Kirchner, said that on 28 June the people would act with good memory, in the name of the national conscience.

Heavy police, militia presence in Tehran continues
Iranian riot police and members of an Islamic militia were deployed in force in downtown Tehran, after earlier reports of hundreds of pro-reformers gathering in a central square.

By: Staff Reporter
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