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...Industry Research Associates, because the Chinese companies, most still state owned, are "willing to accept a lower rate of return." Those concerns may be overwrought. To acquire Unocal, CNOOC (whose market capitalization is about $22 billion) would have to offer more than $17 billion, plus pay the $500 million breakup fee Chevron booby-trapped to its Unocal bid. "It's all about money," says a banker close to CNOOC. "Nothing else...
...China respond? Beijing acts in its own best interests; stability at home is what counts. And it doesn't like being lectured by the West: these guys were using paper money in the 9th century, when Washington ran on wampum. Predicting when China will act is like forecasting the breakup of Brad and Angelina-you're pretty sure it will happen, but you don't know when. Many economists expect a small adjustment of around 3-6% before the end of the year. That wouldn't much hurt either Beijing or cheapskates like you. A Chinese DVD player after revaluation...
...Colorado via Wyoming. Except in feeble, quivering bursts, normal radio signals can't conquer that barrenness, but thanks to some wonderful gizmo in outer space, I was able to stay in touch with the most minute developments in the Michael Jackson trial and the Brad Pitt--Jennifer Aniston breakup. I couldn't have been more clued in to those events if I'd been living on Sunset Boulevard, nor could I have been more detached from central Wyoming, whose raw sagebrush flats were looming in my windshield but were entirely absent from my consciousness. Until an antelope crossed the road...
...call to GM senior management and had a friendly conversation," he says. "They said, 'welcome aboard.'" In a perverse way, Kerkorian may be the bogeyman GM needs, allowing CEO Rick Wagoner to play the good cop in negotiations with GM's union, with the specter of a Kerkorian-led breakup in the background. GM can now go to the United Auto Workers and say "you can deal with nice Rick Wagoner or Gordon Gekko," says auto analyst Stephen Cheetham of Bernstein Research...
...observed Harvard relationships as they developed and in the post-breakup stage. She found that relationships between Harvard students differ from the national average in one key area. “Whereas satisfaction increases over time in most relationships, it decreases over time at Harvard,” Zuzul said, though she admitted that the times she tested people could have contributed to this depressing statistic. She tested her pool at the beginning and end of first semester—in work-free September and and during reading period, at the winter solstice...