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Business Secretary Peter Mandelson has the power to intervene in the deal but has indicated that he does not intend to do so. Lord Mandelson's social interaction with another oligarch, metals magnate Oleg Deripaska, attracted negative press commentary in the fall; the minister may prefer to keep a distance...

Author: /time Magazine | Title: From Soviet Agent to London Newspaper Proprietor | 1/23/2009 | See Source »

At its peak, that fortune was believed to be around $3 billion, amassed after Lebedev abandoned espionage in 1992 in favor of a more lucrative occupation as a businessman. Lebedev became chairman of Russia's National Reserve Bank and acquired a substantial stake in Russian national carrier, Aeroflot. The smoothest...

Author: /time Magazine | Title: From Soviet Agent to London Newspaper Proprietor | 1/23/2009 | See Source »

A bit of background: there are 12 Chinese zodiac animals, each of which is subdivided by five elements signaling different qualities - wood, earth, water, fire and metal. This year's ox is an earth ox. That may sound innocuous enough, but according to one astrological interpretation, financial markets are in...

Author: /time Magazine | Title: China Not So Bullish About the Year of the Ox | 1/23/2009 | See Source »

• "Why are you still here?" - To a colleague, thirty minutes after Cook remarked to that same coworker that Apple's Asian operations had encountered a problem and "someone should really be in China driving this." Fortune, Nov. 10, 2008

Author: /time Magazine | Title: Tim Cook: The New Steve Jobs? | 1/16/2009 | See Source »

• "Though he's capable of mirth, Cook's default facial expression is a frown, and his humor is of the dry variety. In meetings he's known for long, uncomfortable pauses, when all you hear is the sound of his tearing the wrapper of the energy bars he constantly...

Author: /time Magazine | Title: Tim Cook: The New Steve Jobs? | 1/16/2009 | See Source »

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