Word: bargaining
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...about $29 per share for Merrill shareholders - which means Temasek could walk away with about a 20% return should it sell it shares. The Temasek deal last December, banking sources say, taught everyone in the region a lesson: If you're talking to Wall Street, drive as hard a bargain as you possibly can - or walk. They need you much more than you need them...
...Scholastic Corporation bought the U.S. rights to a young-adult fantasy novel by an unknown English author for $105,000. That was a lot of money at the time, especially to the not yet ultra-rich Joann Rowling, but it turned out to be the bargain of the century - that one, and probably this one too. Over the next decade or so Scholastic went on to print (spoiler alert!) over 140 million Harry Potter books. (Read about Harry Potter's last adventure here...
...help keep his end of the bargain in four years, he is keeping a spreadsheet with contact information for all of the donors who did not send money anonymously. Among them is Chris Sperry, a sponsorship manager in Atlanta who put $5 in the mail for Stephenson even though the two of them have never exchanged a single word. Like other donors, Sperry says he wants Stephenson to have an easier time paying for school than he did. "It's a shame that you get saddled with [loans] right out the gate," Sperry says, recalling that during his own years...
...expect a bargain, though: Conversion kits range anywhere from $5,000 for lead-acid batteries to more than $30,000 for lithium-ion technology. The more expensive kits buy you a longer all-electric range, don't need replacing as often, and take up less space. The catch is that the additional battery has to be recharged by plugging your car into an electric outlet for several hours every time the battery gets drained, which can be inconvenient. Cox paid $9,999 for a 207-lb. Hymotion lithium-ion battery module, which fits into the spare tire well behind...
...just a prediction but a wish, because it would prove her right about his weaknesses as a general-election candidate and possibly pave the way for her to run again in 2012. Clinton is also annoyed that Obama has yet to deliver on his end of an informal bargain, reached as part of their truce, that each would raise $500,000 for the other. "Hillary has done her part in that regard," says an adviser. "Obama...