Word: deal
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...will give in, now that they have watched the Administration steam-roll the Chrysler debt holders. That is not likely. If the bankruptcy court gives Chrysler creditors even a brief hearing, GM's creditors will see it as a sign that it is worth holding out for a better deal which may only require them to send attorneys to the federal bankruptcy court in New York City...
...telephone equipment on the continent, will emerge from bankruptcy stripped of many of its most valuable assets along with its ambitions to be a world beater. Meanwhile, Montreal-based BCE Inc., parent of the country's biggest telco, Bell Canada, has continued its slide since a record $42.1 billion deal to privatize the company was abruptly killed in the final weeks...
...they were “99.99 percent certain” the MAC would close its doors to Harvard affiliates from June to August, others stressed that no final decision has been made. “I don’t think it’s an appropriate time to deal with hypotheticals,” associate athletic director Jeremy L. Gibson said. “We’re exploring a number of different ways to address the financial situation.” Athletic officials noted that the MAC—“the University’s primary...
Taiwan's third-largest telecoms service provider, Far EasTone Telecommunications Co. announced Wednesday that it plans to sell a 12% stake to China Mobile Ltd. for $528 million, - the largest cross-strait business deal in over 60 years. The two companies also announced plans to partner in China and offer roaming services and technology upgrades for their networks, which will strengthen FarEasTone's position in Taiwan. This would be the first direct investment by a Chinese state-owned company in Taiwan in six decades. "It is especially significant," says Dr. Edward Chow, a professor at National Chengchi University...
News of the deal follows close on the heels of another major breakthrough in China-Taiwan relations. After over 10 years of trying, Taiwan received invitation on Wednesday to attend the United Nations World Health Assembly (WHA) as an observer in the 62nd meeting of the World Health Organization's governance body in May. It will be the first time that Taiwan, an island of 23 million people, has been allowed to participate in a United Nations body since it lost its U.N. seat to China in 1971. Taiwan has been pushing for an invitation every year since 1997, only...