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After weeks of twists and turns in the battle for control of General Motors' European unit Opel, the U.S. car giant finally made up its mind Thursday and decided to sell a majority stake to a bid headed by Canadian car-parts firm Magna, albeit with strings attached. The deal came as something of a surprise; over the past few days there has been feverish speculation in Berlin that GM had decided to hang onto Opel in Germany as well as its Vauxhall brand...

Author: /time Magazine | Title: GM Accepts Canadian-Russian Bid for Opel | 9/11/2009 | See Source »

...believe Hershey will be faced with a difficult competitive situation," says Growe, in which the larger entities could use their scale to operate more cheaply than Hershey could. "If there was ever a time for the trust to reconsider its position of maintaining control of the company, this is no doubt...

Author: /time Magazine | Title: Could Hershey Make a Play for Cadbury? | 9/11/2009 | See Source »

Mendillo also emphasized that HMC has taken steps this past year to increase flexibility and control over internal and external funds. The report said that she intends to continue using a “hybrid model” of internal and external managers, but that she is not targeting any specific proportion. Instead, she noted that internal management is highly cost effective and that HMC would look to “increase the share of our internally managed assets under the right conditions...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard Endowment, Largest in Higher Education, Plummets by 27% | 9/10/2009 | See Source »

...speech on his own health-care plan in that same spot 16 years ago. It turned out to be the high-water mark for an initiative that spent the next year in a drawn-out death spiral and that proved to be a failure that helped cost the Democrats control of Congress in the 1994 elections...

Author: /time Magazine | Title: Obama's Health-Care Challenge: Keeping the Focus on the Larger Goals | 9/10/2009 | See Source »

...Canberra has been in damage-control mode for months - to little effect. Hundreds of students took to the streets of Sydney and Melbourne again on Sept. 3 to protest not just the earlier attacks but substandard private colleges and courses that market to South Asian students, as well as poor-quality housing, exploitative work conditions and the need for local benefits like travel concession cards which, they say, will improve safety. The protests were timed to coincide with Deputy Prime Minister Julia Gillard's trip to India at the start of September, in which she aimed to calm the diplomatic...

Author: /time Magazine | Title: Australia: Attacks on Indian Students Raise Racism Cries | 9/10/2009 | See Source »

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