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Word: deal (lookup in dictionary) (lookup stats)
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...Frankfurt, the Messe Frankfurt GmbH, a company that operates Frankfurt's convention center, leased its exhibition halls to an American investor for 99 years and signed a deal to rent it back for 28 years. The Messe would not disclose any details of the deal or say whether AIG is providing its credit insurance...

Author: /time Magazine | Title: German Cities Suffer in the U.S. Financial Crisis | 4/9/2009 | See Source »

...financed its purchases of new street cars through a similar arrangement. The city of Stuttgart leased and rented back its drinking-water system. Bottrop, a city in the Ruhr industrial region, financed a sewage-treatment plant in the same fashion, and Ulm, a southern German city, did such a deal to pay for construction of a refuse incinerator...

Author: /time Magazine | Title: German Cities Suffer in the U.S. Financial Crisis | 4/9/2009 | See Source »

...asked that all the time. Here's the deal: if I were in my 20s, I'd be like, Oh yeah, no problem. But I'm almost 42. I had three orthopedic surgeries in the fall. My body breaks down much more than it would if I were in my 20s. But I haven't reached my peak. I'm not ruling it out, but I'm going to take...

Author: /time Magazine | Title: 10 Questions for Dara Torres | 4/9/2009 | See Source »

...optimism--naive optimism, it turned out. Beijing's fledgling sovereign wealth fund China Investment Corp. poured $3 billion into New York City--based private-equity firm Blackstone in return for a 10% stake in the company--just before the bottom fell out of U.S. debt and equity markets. That deal was followed by a $5 billion purchase of a 9.9% stake in Morgan Stanley, whose share price has since fallen by more than half...

Author: /time Magazine | Title: Buying Binge | 4/9/2009 | See Source »

...vast quantities in the long run. In the past two months, Chinese companies have sought to buy assets abroad at an unprecedented pace. Aluminum Corp. of China (Chinalco) has announced plans to invest $19.5 billion in Rio Tinto, one of the world's largest mining companies. If completed, the deal would be the biggest foreign purchase any Chinese company has ever made. In late February, Hunan Valin Iron & Steel Group of China purchased a $771 million stake in the Australian iron-ore exporter Fortescue Metals Group. And China Minmetals, another state-owned firm, offered to pay $1.2 billion in cash...

Author: /time Magazine | Title: Buying Binge | 4/9/2009 | See Source »

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