In Monday's Americas papers

10 August 2009 11:30  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

UK grocers find value in crisis
The global recession is spoiling the summer for a lot of industries, but not the UK’s supermarkets. With an estimated five million Britons staying home this summer instead of travelling, the country’s leading grocers are slugging it out for shoppers’ time and money.

Resolution revises bid for Friends
UK insurer Friends Provident said it received a new buyout proposal from restructuring firm Resolution.

Taliban gain upper hand in Afghanistan
The US will increase troop levels in Afghan population centres in response to the Taliban’s growing momentum.

Money & Investing

Pace of job losses sets stage for quick labour-market rebound
The rapid pace at which businesses shed jobs during the recession comes with a flip side: Workers will need to be hired back quickly as the economy improves.

AIG Chief: Loud voice and a listener’s ear
Robert Benmosche will be the most decisive, direct and tough leader to run AIG since Maurice R "Hank" Greenberg’s nearly four-decade reign ended in 2005.

Dynegy to unwind power plant venture
LS Power is to buy nine power plants from onetime partner Dynegy, paying $1bn and returning nearly $500m in shares.

THE NEW YORK TIMES

Front page

US to hunt down Afghan drug lords tied to Taliban
Fifty Afghans believed to be drug traffickers with ties to the Taliban have been placed on a Pentagon target list to be captured or killed, reflecting a major shift in American counternarcotics strategy in Afghanistan, according to a Congressional study to be released this week.

Bombings in Iraq kill dozens
At least 43 people were killed and hundreds were wounded early Monday morning as a series of bomb attacks struck Baghdad and a village near the northern city of Mosul.

Business Day

Lament for a dying field: Photojournalism
The company that owns the photo agency Gamma has sought protection from creditors, the latest sign of distress for photographers as newspapers and magazines cut back.

As rivals branch out, SAP is sticking to software
The German software giant is focused on its core business and says expanding into hardware would pose challenges.

WASHINGTON POST

Front page

US prepares for second wave of swine flu virus
As the first influenza pandemic in 41 years has spread during the Southern Hemisphere’s winter over the past few months, the United States and other northern countries have been racing to prepare for a second wave of swine flu virus.

Subway safety panel foiled by constraints
Before June’s deadly subway crash, no federal agency stepped in to ensure that Metro found and fixed the electrical circuits now suspected of contributing to the worst accident in the system’s history.

Business

Capital One copes as clients kick habits
Credit card giant Capital One Financial has traditionally made good money in fees from customers who pay late but ultimately pay up and others who rack up charges and surpass their credit limits.

Cash for this, cash for that: You name it, they want it
Toiling away in the face of recession - no act of Congress to help him - Jeffrey Aronson and company single-handedly pumped $100m into the economy.

GLOBE AND MAIL, Canada

Front page

Harper blames Canada for visa furore
Stephen Harper is trying to repair frayed relations with Mexico despite his refusal to roll back new entry restrictions for its citizens, emerging from a meeting with Mexican President Felipe Calderon Sunday night to say it was Canada’s dysfunctional refugee system that made him do it.

Bombs in Baghdad, northern Iraq kill dozens
A double truck bombing tore through a Shiite community near the northern city of Mosul, while a series of blasts struck Baghdad on Monday in a wave of predawn violence that killed at least 40 people, according to Iraqi officials.

Business

CanWest, CRTC to talk ownership
CanWest Global Communications Corp has initiated talks with the federal government on a potential change of ownership as the company and its creditors negotiate a financial restructuring of its vast media properties.

Canada plays catch-up in race for trade with China
When the world’s biggest import market crashed last year and economists advised Canadian exporters to chase growth in emerging markets, Winnipeg plastics manufacturer Craig McIntosh did just the opposite: He hired more salespeople and redoubled his efforts south of the border.

BUENOS AIRES HERALD

Front page

Scioli calls for meeting of the Provincial Security Council
Buenos Aires Governor Daniel Scioli has, for the first time, called upon the Provincial Security Council in response to a request by national lawmaker from the Civic Coalition, Margarita Stolbizer.

‘Irregularities in gas and light bills cannot be attributed to technical errors,’ Carlos Kunkel
Lawmaker Carlos Kunkel said that he is convinced that the irregularities in gas and light bills have the intention of "creating a feeling of discontentment".

Cobos: ‘I would vote for Carrió’
Vice-President Julio Cobos answered to Elisa Carrió’s attacks, saying he "would actually vote for her".


By: Staff Reporter
+44 20 8652 3214



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