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...news for consumers is that this legal battle may sap Skype's funding or even threaten its existence. Skype has more than 405 million subscribers who are able to make free and discounted calls around the globe...

Author: /time Magazine | Title: The Skype Founders' Revenge Against eBay | 10/1/2009 | See Source »

...December, Lewis will be out of a job. On Wednesday, he sent an e-mail to the bank's staffers saying he will retire by the end of the year. Lewis, 62, said it was his decision to leave, but no one could miss the huge legal dustup swirling around him over the bank's deal late last year to buy Merrill Lynch. The Securities and Exchange Commission (SEC) and New York attorney general Andrew Cuomo have been investigating whether Lewis misled shareholders to gain approval of that acquisition. He could soon face charges in those probes...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 10/1/2009 | See Source »

...Merrill deal, while risking the solvency of Bank of America, will end up being a boon for the bank. Merrill still has a strong investment-banking franchise, and even in the depth of the financial crisis, its wealth-management business continued to be profitable. Nonetheless, Lewis won't be around to see the fruits of the deal...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 10/1/2009 | See Source »

...building a uranium-enrichment facility in the mountains near Qom. (Obama announced the existence of the hitherto secret facility four days later, and U.S. officials claimed that Tehran had preempted him only because it was aware that it had been caught red-handed.) (See pictures of people around the world protesting Iran's election...

Author: /time Magazine | Title: Talking with Iran: Chances for a Breakthrough Are Low | 9/30/2009 | See Source »

...Iran's intentions. Administration officials have indicated that they will decide by the end of the year whether Iran is cooperating in good faith. European officials suggest that the metric for success in Geneva may be simply the tone of the meeting. The last time the same parties sat around the table, Iran's negotiator, Saeed Jalili, subjected his interlocutors to lengthy philosophical harangues in a kind of diplomatic filibuster. This time they'll be looking for signs that Iran is ready to cooperate in addressing international concerns - even if such cooperation will be viewed with suspicion and come...

Author: /time Magazine | Title: Talking with Iran: Chances for a Breakthrough Are Low | 9/30/2009 | See Source »

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