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After weeks of twists and turns in the battle for control of General Motors' European unit Opel, the U.S. car giant finally made up its mind Thursday and decided to sell a majority stake to a bid headed by Canadian car-parts firm Magna, albeit with strings attached. The deal came as something of a surprise; over the past few days there has been feverish speculation in Berlin that GM had decided to hang onto Opel in Germany as well as its Vauxhall brand...
Officer, a regular contributor to TIME.com, is director of automated trading and analytics at Traditum LLC, a Chicago-based proprietary trading firm...
...Slow Money differs from traditional socially responsible investing in that the partnerships are deeper, as the Alliance works to build not just a firm's profitability but also supportive structures. For example, rather than just lending money for, say, a farmer's barn, they would look at the farmer's other infrastructure needs, such as storage, retail outlets, transport to markets, etc. Also, inherent to the model is the notion that part of the "return" is the social and environmental benefit a company represents...
...order to hit the ground running after a nice, long summer, let’s consider a hypothetical. A group of representatives from People for the Ethical Treatment of Animals (PETA) walk into an advertising agency—say the firm from “Mad Men.” John Hamm’s character sits staring across the table, trying to act like he doesn’t want a cigarette, and he says to PETA, “Now tell me, who exactly would you like your ads to target? Because as of now, it seems...
...whistle on its misconduct. "Their goal was to maximize their profits, provide a fig leaf of security at the embassy and pray to God that nobody got killed," he told reporters Sept. 10 in a press conference by phone from Kabul, where he is working for another security firm he refused to name. Gordon added that employees and managers were allowed to "frequent brothels notorious for housing trafficked women," activity about which the company allegedly misled the State Department and Congress. Wackenhut Services Inc., the Palm Beach Gardens, Fla., company that is now the parent of ArmorGroup International, said that...