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...Japan's status quo isn't what it used to be. Three of the country's largest banks are engaged in an unusual corporate-takeover battle that could develop into something unheard of in the country's clubby and consensus-driven banking community: a hostile takeover bid. The combatants are Mitsubishi Tokyo Financial Group (MTFG) and Sumitomo Mitsui Financial Group (SMFG), Japan's second- and third-largest banks, respectively. They are vying to merge with UFJ Holdings, the sickest and smallest of the country's Big Four banks, in a bidding war that highlights the degree to which government reform...

Author: /time Magazine | Title: Wedding Crasher | 8/30/2004 | See Source »

What happens when a Prada-loving, Pilates-driven wife and mother from Manhattan trades places with a woodchopping, school-bus-driving, working-class mom from rural New Jersey? Not exactly what you'd expect. Welcome to the premiere episode of Wife Swap, ABC's riveting examination of family values (Wednesdays, 10 p.m. E.T.) starting Sept. 29. Unlike Trading Spouses: Meet Your New Mommy, Fox's current version of the same concept, Wife Swap involves no monetary reward. Just a simple premise: two matriarchs from different worlds swap lives for two weeks. One of the most entertaining new entries in reality...

Author: /time Magazine | Title: Fall Preview | 8/30/2004 | See Source »

Aggressive and driven, Citron built and sold two hugely successful financial-services companies within 10 years, netting more than $200 million before he was forced out of finance by an SEC investigation that accused him of stock manipulation. He paid a massive fine--$22.5 million--but admitted no wrongdoing. Instead of slinking into well-heeled obscurity, he plotted his return, this time determined to shake up a new industry. Citron, 33, is now CEO of Vonage, which has become, in 18 months, the leading player in the explosive new market for home-phone service via high-speed Web connections, known...

Author: /time Magazine | Title: The Internet Is Calling | 8/23/2004 | See Source »

...answer turned out to be a resounding YES. The stock, which many had written off as dog by Wednesday afternoon, soared about 18 percent above its $85 original price by the end of the first day of trading Thursday evening. Driven mostly by small investors, the share price seemed like a great deal to scores of traders who see no limits to Google?s growth...

Author: /time Magazine | Title: Google Go Lucky | 8/20/2004 | See Source »

MONTREAL—After two years in their midst, I thought I’d finally lost them. I had driven 18 hours into the deserted hinterland that is rural New England, passed below stormy skies and crawled alongside a sea of Phish and finally made my way across the border in the wee morning hours—and, I naively assumed, safely outside their pestering reach...

Author: By Timothy J. Mcginn, | Title: Of Sox and Sucking | 8/20/2004 | See Source »

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