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...marathon negotiating session in the German Chancellery over the future of General Motors' European operations ended inconclusively on Wednesday night, rancor is growing elsewhere in Europe over the prospects of deep job losses...

Author: /time Magazine | Title: Rescuing GM in Europe: A Political Hot Potato | 5/28/2009 | See Source »

...surprised and I was disappointed, but I understood,” said Faust, who first heard of Forst’s decision several weeks ago. “He’s been a huge asset this year, in part because of his deep understanding of finances and markets...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: Executive VP To Step Down After Less Than a Year | 5/27/2009 | See Source »

...store, which opened last July, is airy and well lit. The produce section is stocked with fresh mustard greens, popular among blacks with roots in the Deep South. There's also elephant-ear-size fried pork skins, a Mexican-American favorite. The neighborhood has few bakeries, so Farmers Best sells cakes and loaves of bread. Produce, meat and dairy products account for roughly 62% of Farmers Best's sales. Slowly, it is attracting customers like Vera Johnson, a restaurant cashier who lives nearby...

Author: /time Magazine | Title: Can America's Urban Food Deserts Bloom? | 5/26/2009 | See Source »

Jacobs tells TIME he still sees California as the epicenter of these fights. Obama will get a taste of the passions running deep in the Golden State as soon as Wednesday night, when he appears at the Beverly Hills Hilton in Los Angeles for a fundraiser. Lieutenant Dan Choi, an Arabic-speaking Iraq War veteran who is the first soldier to be dismissed from the Army under Obama, will be standing outside with Jacobs and others to urge the President to take action. "So much is coming from California right now," says Jacobs. "Don't Ask Don't Tell...

Author: /time Magazine | Title: After Prop. 8, Gay-Marriage Proponents Plot Next Step | 5/26/2009 | See Source »

...last, dizzying days: the lawyers swarming the sixth floor, the pleading phone calls to investors for emergency billions, the sickening realization that a lifesaving loan from the Federal Reserve would last two days--not 28. Kelly flicks at Bear Stearns' backstory--how its eat-what-you-kill culture and deep dive into mortgage securities sowed the seeds of its demise--but the real draw is the book's surgical detail. The day Bear sold itself to JPMorgan Chase for a paltry $2 a share, its CEO, worn down by round-the-clock negotiations, stood in a Starbucks and softly cried...

Author: /time Magazine | Title: The Skimmer | 5/25/2009 | See Source »

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