What the other papers say this morning - 11 June 2014

FINANCIAL TIMES

Merkel warns Cameron over EU job
Angela Merkel yesterday told David Cameron to stop making “threats” over the allocation of top jobs in Brussels, as centre-right EU leaders met to discuss the bloc’s future economic direction. The German chancellor is frustrated by Mr Cameron’s claim that the appointment of Jean-Claude Juncker as European Commission president would hold back EU reforms and might prompt Britons to vote for an exit in his planned 2017 in-out referendum. Ms Merkel restated her backing for the former Luxembourg prime minister but held out the prospect of an alternative candidate emerging by saying that the “European spirit” involved a willingness to compromise.

Man puts £400,000 on Scots no vote
William Hill have taken a £400,000 bet on a “No” vote at odds of 1/4 meaning that the Surrey-based punter would take home £100,000 if Scotland votes against independence.

Peter Hancock new top boss at AIG
AIG named Peter Hancock as chief executive to succeed Bob Benmosche, who will step down in September from the insurance company he led to an unlikely recovery after its giant government bailout. Mr Hancock, chief executive of AIG’s property and casualty division, beat Jay Wintrob, who heads AIG’s life insurance division, to the top job after a lengthy consideration of both executives by the board.

THE TIMES

Spread of school extremism feared
Fears that hardline Muslims targeted schools in a second British city were raised last night after Ofsted inspectors moved into a school in Bradford. A team from the education watchdog visited Laisterdyke Business and Enterprise College yesterday and were expected to visit a second school, Carlton Bolling College, in the next few weeks.

Lockheed Martin has UK in its sights
Marillyn Hewson, chief executive of Lockheed Martin, said that it planned to increase its international sales from 17 per cent of revenues last year to 20 per cent in the next year.

The Daily Telegraph

Economic recovery to blame for surge in passport applications says minister
Hundreds of thousands more people are applying for passports than normal because the economic recovery means they can go on a foreign holiday, ministers have said.

Nigeria vies for control of oil cartel
The Organisation of Petroleum Exporting Countries – a group of 12 nations who control over a third of the world’s oil – meets today as ministers from the group's most powerful Arab members reportedly moved to block Nigeria’s plan to place its top oil official at the head of the organisation.

THE WALL STREET JOURNAL

Ford wins German flexible work deal
Ford Motor Company has agreed to keep making its best-selling Fiesta compact car in Cologne, after winning major labour concessions in a deal that shows what it takes to profitably produce small cars in high-cost European markets.

Japanese fund to invest in stocks
Japan's $1.26tn (£0.75tn) public pension fund will likely announce a boost to stock and foreign-bond investments in early autumn, the head of its investment committee said yesterday, potentially sending tens of billions of dollars into new markets.