In Friday's Americas papers

06 November 2009 11:30  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

Lethal rampage at US army base
An Army officer opened fire at Texas's Fort Hood, killing 12 people and injuring at least 31, in one of the worst cases of soldier-on-soldier violence in US military history.

RBS posts loss and a cautious outlook
Royal Bank of Scotland posted a £1.8bn net loss for the third quarter, hurt by £3.28bn in impairment losses, and said it remains cautious on the outlook.

UK aide urges EU to revamp economy
The European Union needs to reshape its budget and redesign state-aid rules to focus on strategic, high-growth sectors if it hopes to compete with the US and China, UK Business Secretary Peter Mandelson is expected to say on Friday.

Money & Investing

Fourteen charged in insider probe
The US filed criminal charges against 14 people, including lawyers and an ex-Moody's analyst, in an expanding insider-trading probe that had identified some $40m in improper profits.

Worries as rush into commodities slows
The flood of cash into commodities is abating amid worries prices could fall and evidence that some popular investment products have failed to live up to their promises.

Deposit curbs may imperil weak banks
A looming federal rule to cap the interest rates paid by weak banks could accelerate their demise and make life even harder for depositors.

THE NEW YORK TIMES

Front page

Army doctor held in Fort Hood rampage
An Army psychiatrist facing deployment to one of America’s war zones killed 12 people and wounded 31 others on Thursday in a shooting rampage with two handguns at the sprawling Fort Hood army post in central Texas, military officials said.

Suspect was ‘mortified’ about deployment to war
Born and reared in Virginia, the son of immigrant parents from a small Palestinian town near Jerusalem, he joined the army right out of high school, against his parents’ wishes.

Business Day

14 charged with insider trading in Galleon case
After weeks of speculation on Wall Street, prosecutors brought a fresh round of insider trading charges on Thursday that left no doubt they were aiming at hedge funds and the networks of market gossip that are endemic on trading floors.

Retailers report sales increases
Of all the retailers hurt by the recession, no group has been pummelled as badly as luxury chains.

WASHINGTON POST

Front page

Suspect wanted army discharge
Nidal Hasan, 39, a psychiatrist who served at Walter Reed, is a devout Muslim from Virginia.

Strain of deployments hit base
Fort Hood leads army posts in number of suicides since Iraq invasion, according to official data.

Business

Companies flush with cash
Steel giant Nucor, like many other firms, is sitting on a large pile of cash due its continued pessism on the economy and the pace of the recovery from the recession.

Retail sales trend up for October
The retail industry posted solid sales increases last month compared with the previous year, but performance among chain stores was uneven.

GLOBE AND MAIL, Canada

Front page

Army psychiatrist held in shooting at Fort Hood
A US army psychiatrist, fighting orders sending him to Iraq, gunned down dozens of soldiers at Fort Hood, Tex., on Thursday, killing 13 and wounding at least 30 in the worst American military fratricide in decades.

Canada needs two vaccine suppliers, Ottawa admits
Canada needs more than one vaccine manufacturer to deal with future flu pandemics and to avoid production delays that have affected the fight against the H1N1 virus, federal officials say.

Business

Magna in talks with GM about plant in Russia
Magna International Inc is in discussions with General Motors and auto maker OAO GAZ to build a vehicle assembly plant in Russia, Magna chairman Frank Stronach says, showing that the parts giant remains eager to tap the country’s emerging economy.

Suncor reports third quarter profit of $929m
Suncor Energy Inc is reporting third quarter net earnings of $929m, or 74 cents per common share, in its first quarterly earnings report since merging with Petro-Canada.

By: Staff Reporter
+44 20 8652 3214

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