Word: deals
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...Bethlehem, looking to begin the next phase - private development - and got some takers, including a Palestinian developer named Bashar Masri who is building an entire new city for 50,000 just outside Ramallah. "We could not have done this without Fayyad's reforms," Masri told me. "I mean, you deal with the police or with bureaucrats. They don't ask for a bribe. That never happened in Palestine before...
...Specific reasons for the failure of the deal, first announced last June, were not released. But Chinese regulators had frowned on the purchase for much the same reasons that U.S. consumers shunned the Hummer: the vehicle's size and poor fuel economy were impractical in an era of high fuel prices, general economic weakness and greater concern about the harmful effects of vehicle emissions on the environment. (See the 50 worst cars of all time...
...first put the brand up for sale in 2008, hoping to raise as much as $500 million. The Tengzhong offer was estimated to be closer to $150 million. "We have since considered a number of possibilities for Hummer along the way, and we are disappointed that the deal with Tengzhong could not be completed," John Smith, GM's vice president of corporate planning and alliances, said in a written statement that was released on Wednesday. "GM will now work closely with Hummer employees, dealers and suppliers to wind down the business in an orderly and responsible manner...
...Thursday could mark the beginning of a new phase of their relationship. The buzz in New Delhi foreign policy circles is that Indian Prime Minister Manmohan Singh wants peace with Pakistan to be the crowning achievement of his second term in office - just as the U.S.-India civilian nuclear deal was in the first. Pakistan, meanwhile, is looking for a settlement of its long fight with India over Kashmir, something that the U.S. believes is a key to long-term stability in the region, especially Afghanistan. "In essence, this is a 'talk about talks,' " says Wilson John, a senior fellow...
...Hudson's Bay Co., a 339-year-old retailer that is the oldest in North America, signed a sponsorship deal with the Canadian Olympic Committee through the 2012 Olympics. Hudson's Bay owns 92 Bay department stores in Canada, the Canadian general-merchandise chain Zellers and the Lord & Taylor retail chain in the U.S. Jeffrey Sherman, who was installed as CEO in September 2008, after Hudson's Bay was bought by Connecticut-based private-equity firm NRDC Equity Partners, wanted to use the Vancouver Olympics as a platform to reconnect the company with its Canadian heritage. He gave his design...