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However, there are signs that the Chinese government might have reservations about the deal, observers note. Among the sticking points, China's National Development and Reform Commission has said publicly the purchase of Hummer is inconsistent with China's effort to become greener. In addition Sichuan Tengzhong has no experience...

Author: /time Magazine | Title: Could Hummer Be Headed for the Heap? | 9/28/2009 | See Source »

In a rare move, a federal judge threw out a proposed $33 million settlement between the Securities and Exchange Commission and Bank of America stemming from the company's January takeover of Merrill Lynch. The SEC had sued the bank over $3.6 billion in undisclosed bonuses paid to Merrill staff...

Author: /time Magazine | Title: The World | 9/28/2009 | See Source »

There are signs his counterparts in Berlin agree. Merkel made a point of mentioning Sarkozy in her final campaign appearance on the eve of the election, and there's a growing belief that new joint initiatives could now follow. "There is a desire for a new spring in French-German...

Author: /time Magazine | Title: Can France and Germany Fall in Love Again? | 9/26/2009 | See Source »

Since Sept. 8, chairman and chief executive Robert Toll has unloaded more than 4.3 million shares and pocketed at least $82.5 million in pretax net proceeds, according to filings with the Securities and Exchange Commission. At least two other insiders - director Bruce Toll and president Zvi Barzilay - have also been...

Author: /time Magazine | Title: Insider Selling at Toll Brothers Concerns Investors | 9/25/2009 | See Source »

Afghanistan's election commission, overseen by a U.N. watchdog body, has spent more than a month counting votes from the Aug. 20 election, trying to weed out the fraudulent ballots that may account for as much as 20% of the 5.5 million votes cast. When these tainted ballots are discounted...

Author: /time Magazine | Title: Why Karzai May Be Obama's Best Bet in Afghanistan | 9/25/2009 | See Source »

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