Monday Papers: tips and comment

FT Lex Column:

* US airlines -- in spite of US airlines having terrible business models there is a good chance that they are about to make record profits

* Meet the Tarps -- programmes at the US Treasury aimed at economic stabilisation such as the troubled asset relief programme seem to be multiplying at an alarming rate and funds are running thin

* Hong Kong bank lending -- the rivulets of cash swilling round the system are at their shallowest since records began and the Hong Kong Monetary Authority has become a reluctant sponge.

Other comment:

* Tax havens: harbours of resentment (p.11)

* Interview Clare Gaymard, president of General Electric in northern Europe (p.14)

* Interview Tim Clarke, chief executive Mitchells & Butlers (p.19)

* Dudley successor faces war of independence over future of TNK-BP (p.20)

* Interview Phuthuma Nhleko of MTN (p.23)

FTfm:

* Funds slash fees to pull in cash (p.1)

* Net redemptions for European Ucits funds hit a record 92 billion in third quarter (p.4)

* Face to face with Hugh Hendry of Eclectica (p.4)

* Fund Focus: PSigma European Income (p.15)

THE TIMES

* London Stock Exchange loses business to rivals

* Monday Manifesto: Paul Bulcke of Nestle

DAILY TELEGRAPH

Comment:

* After the comforting delusions come the cold winds of economic reality

Other comment:

* Tesco set to reveal worst sales figures since 1990

* Diageo proves consumers haven't lost their thirst for small luxuries

* Amlin works on plans to create a new syndicate at Lloyd's of London

* Profile Joanne Segars, chief executive National Association of Pension Funds

* Rio Tinto bid failure may hasten BHP succession

* AIM Market: PBR a help but lenders need to loosen purse strings

* Profile Ron Martin, chief executive Neovia (formerly Neteller)

* Ineos needs some financial alchemy

THE INDEPENDENT

* Compass Group faces $200 million racial discrimination lawsuit

* Tesco sales to fall 3% below industry norm

* Microsoft-Yahoo talks rubbished

THE GUARDIAN

* Northern Foods ready to expand by rail

* US carmakers rush to devise recovery plans before crucial bail-out talks

DAILY MAIL

* More must be done to pull us back from the brink: David Frost, director general British Chambers of Commerce

DAILY EXPRESS

Investment Analyst:

* BAE Systems' defensive nature wins over investors

AIM Market:

* Citbase.