In Monday's Americas papers

26 October 2009 11:30  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

Pan Am takes off in a California garage
Anthony Toth has built a precise replica of a first-class cabin from a Pan Am 747 in the garage of his condo in Redondo Beach, California.

Household debt can hasten recovery
The pain of millions of people across America losing their homes could be restoring the financial health of the US consumer faster than many recognise.

Pilots to tell NTSB they were awake
The pilots of Northwest Flight 188 planned to tell investigators that they lost track of time and location – but never went to sleep.

Money & Investing

Peltz grabs stake in fund firm
Legg Mason is expected to name Nelson Peltz a director after the billionaire investor accumulated a 4.3% stake in the mutual fund firm and pushed for a board seat.

Capmark seeks bankruptcy protection
Capmark, one of the nation’s largest commercial-real-estate lenders, filed for bankruptcy protection in Delaware, the latest sign that problems in that market are far from over.

ING to split off insurance unit
The Dutch financial-services firm plans to sell its insurance and investment management operations, and will launch a €7.5bn rights issue to help repay state aid it received at the height of the financial crisis.

THE NEW YORK TIMES

Front page

US considers reining in ‘too big to fail’ institutions
Congress and the White House will take up the issue of how to deal with companies that are so big that the government has no choice but to rescue them when they get in trouble.

14 Americans die in Afghan helicopter crashes
Seven American soldiers and three civilians were killed in one helicopter crash while a separate collision of two coalition helicopters resulted in the deaths of four US soldiers.

Business Day

Investor with Madoff is found dead in his pool
Jeffry Picower, a 67-year-old philanthropist, was one of the largest investors in Bernard L Madoff’s Ponzi scheme.

Twitter serves up ideas from its followers
Twitter is "smart enough, or lucky enough" to let its users create new features for it, says an MIT professor.

WASHINGTON POST

Front page

US tested two scenarios in Afghanistan war games
Obama, advisers evaluate exercise, led by Joint Chiefs of Staff chairman, that examined the likely outcomes of inserting different levels of troops.

14 Americans dead in two crashes
US military and civilian personnel die in a series of helicopter crashes, NATO-led forces say.

Business

AES taps into wind power
Arlington company has joined the rush to build wind turbines in China, mostly in Inner Mongolia.

Big business of a close look
With demand for colonoscopies increasing, gastroenterologist Robert Hardi and 13 others decided in January 1996 to join Metropolitan Gastroenterology Group (MGG), the biggest practice of its kind in Washington.

GLOBE AND MAIL, Canada

Front page

Ottawa to take action on pensions
Bill would alter tax policy so companies could set aside greater surpluses, protecting employees’ retirement plans from ‘rainy day’.

FBI raid in US heartland may have Canadian connection
Mystery surrounds dragnet that saw of scores of armed federal agents overrun Islamic slaughterhouse.

Business

Banks go for uniformity with say-on-pay votes
Canada’s nine largest financial services companies have reached an agreement to give shareholders a vote next year on the same resolution approving the firms’ compensation policies for top executives.

Flowers, taxis and Hollywood studios: CanWest receiver lists creditors
Hundreds of creditors are lining up to be paid by CanWest Global Communications Corp, as the company attempts to restructure, ranging from a small karate studio in Toronto owed about $25 to some of Hollywood’s most powerful television producers that may be owed millions.

BUENOS AIRES HERALD

Front page

Members of Radical Party call for Montenegro, Nardowski to resign
Members of the radicalists’ National Convention in Buenos Aires City said that the Security and Education Ministers "should be removed immediately from their posts," in reference to the espionage probe.

Uruguay will undergo runoff elections on 29 November
The Frente Amplio presidential candidate, José Alberto Mujica, said that he felt "positive" about the election results and asked for "a little more effort, because that is what the people of Uruguay asked for."

D'Elía charges against those ‘idiots’ in the gov’t that believe picketers are out of scene
Pro-government picket leader Luis D'Elía criticised some sectors of the government that look down on social organizations in a interview given to a local newspaper, "There are some idiots in the government that believe that we, the picketers, are demodé with no more room for action."

By: Staff Reporter
+44 20 8652 3214

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