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...deal Thursday to sell off 78% of General Motors Acceptance Corp., its commercial mortgate business, to a group of outside investors that includes Kohlberg Kravis Roberts & Co.and Goldman Sachs Capital Partners. Selling GMAC also will help cover the cost of the buyouts, which are expected to exceed $2 billion, pending approval by the bankruptcy judge presiding over Delphi's Chapter 11 filing - since GM also has agreed to assume Delphi's financial responsibility for post-retirement benefits as part of the deal with the union...
...Center, in response to resident complaints. In a letter dated yesterday, Harvard’s Director of Environmental Health and Safety Joseph Griffin said the quantity of arsine at the Laboratory for Integrated Science and Engineering—set to be completed early next year—would not exceed two pounds. “We do not envision having more than a cylinder or two on premise at any point in time,” Griffin wrote in the letter, addressed to Captain Gerard E. Mahoney, chair of Cambridge’s Local Emergency Planning Commission. Residents...
...Academic Competitiveness Grants also may potentially fail to meet the full needs of students due to the nature of the grants which are “mandatory dollars” and cannot exceed the budgeted amount. This is in contrast to the Pell Grant, which frequently runs a deficit...
Just a few weeks ago, Takafumi Horie would retire every evening to his palatial home in one of Tokyo's most prestigious apartment towers, where it's said that rents can exceed $50,000 a month. Now, however, Horie spends his days and nights in an unheated jail cell the size of three tatami mats. On Jan. 23, a week after investigators from the Tokyo District Court Public Prosecutor's Office raided the headquarters of Livedoor, the Internet company Horie founded a decade ago, he and three other executives were arrested on suspicion of securities fraud. The 33-year...
...budget deficits in the Faculty of Arts and Sciences (FAS), which are expected to exceed $40 million for fiscal year 2006 and could grow in coming years (see story, page 1), could make it challenging for Harvard to find the resources to offer such courses. In light of these deficits, Dean of the Faculty William C. Kirby insists that he is prepared to invest heavily in better introductory classes...