Word: deal
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...period of several months where I pledged to engage every stranger I could in political conversation every single day. Also, my children, along with some of their friends from school, organized a yard sale - Families for Obama. They went through the house grabbing things and made a good deal of money. We were really proud of that, because Obama himself really captured the imagination of my children...
...According to The New York Times, Slim will put $250 million into NYT, the paper's parent. "Under the terms of the deal, Mr. Slim, who already owns 6.9% of the Times Company, would invest $250 million in the form of six-year notes with warrants that are convertible into common shares...
...both American and European carmakers face plummeting sales and an industry in flux, the storied Turin automaker is set to return to Detroit for a new, though less fixed, marriage. Fiat and Chrysler announced a nonbinding deal Tuesday to create a partnership that will give the Italian automaker a 35% stake in the smallest of the badly strapped American Big Three. The joint announcement stipulated that Fiat's commitment to its struggling partner would be solely an equity interest and that "the alliance does not contemplate that Fiat would make a cash investment in Chrysler or commit to funding Chrysler...
...turnaround with the whopping cash payout from GM in 2005, is also struggling again, along with the rest of the auto industry, as car sales plummet amid a deepening economic crisis. Fiat has been itching to get its stylishly economic models on the market in the U.S., and the deal with Chrysler can be seen as part of a series of "strategic partnerships" it has sealed with other automakers in recent years, including one with Tata motors and a deal to build diesel engines with Daimler-Chrysler, before the breakup last year of that German-American alliance...
...might even be able to acquire American assets at favorable prices in the shakeout. A senior Fiat official calls Tuesday's signature "just a start," noting that much will depend on how the U.S. auto bailout proceeds under the new Obama Administration. "This is still far from a done deal," says the official. "We've already said that with the current situation in world markets, there needs to be major consolidation in the car business, and as we've shown today, we'd like to be part of that." Still, despite its more recent success, the Italian company's share...