Word: agreement
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Meanwhile, reports surfaced that Cerberus might be willing to sell a 20% stake in Chrysler to Renault/Nissan. Any kind of agreement with Renault/Nissan will mean Chrysler has come full circle over 21 years. In 1987 it was Chrysler that acquired the American Motors Corp. from the struggling French automaker. Chrysler employees, reeling ever since Daimler AG cut them loose last summer, are now utterly demoralized as they await their fate, according to sources inside the company...
...first study, which was published in the journal Health Affairs, found that the 1998 agreement between four tobacco companies and 46 state attorneys general effectively impeded the industry’s targeting of youth in print advertising...
Sumner Redstone filed for divorce on Oct. 17, when his more than 16 million Viacom shares were at $18.85, down from $39.40 six months ago; his CBS shares had dropped about $288 million in value in the same period. Redstone and his wife Paula reportedly have a prenuptial agreement, so it's unlikely the market has much to do with timing, but Mrs. Redstone divorces a poorer man than she would have six weeks...
...Spanish energy company Repsol-YPF has entered into a production-sharing agreement with Cupet and is scheduled to start drilling the first real well in the EEZ next year. Other international firms, including Norway's StatoilHidro and India's Oil & Natural Gas Corp., are part of the Repsol-led consortium. Venezuela's state-run Petroleos de Venezuela is considered a lesser player because it has little deep-water drilling experience. (China is also interested but so far only involved in onshore drilling in Cuba.) Cuba is now in important negotiations with Brazil's Petrobras, which just made its own multibillion...
...Just six years ago, close to a million combat-ready troops were deployed along the Line of Control - the truce boundary bisecting Kashmir that has functioned as a de facto border between the Indian- and Pakistani-controlled sides of the disputed territory. A 2003 cease-fire agreement managed to pull the two sides back from the brink of what could have been the fourth major war between them. And in the intervening years, as events related to the U.S. "war on terror" came to dominate Pakistan's security situation, the conflict that began at birth between modern India and Pakistan...