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...Indeed, analysts who follow a number of different industries rushed out reports about how CIT would affect the companies they watch. The biggest areas of concern were for the insurers that hold a large amount of CIT debt and retailers, which rely heavily on the type of short-term lending that CIT provides. The consensus was that CIT's failure alone was not likely to bring down any other firm...

Author: /time Magazine | Title: In CIT Woes, Some See Restart of Financial Crisis | 7/16/2009 | See Source »

...they were told that Pakistani officials may have organized the strike. This new theory hinges on the change in France's government in 1995, a year after Paris signed a $1 billion deal to sell Agosta submarines to Pakistan. The cabinet of newly elected President Jacques Chirac decided to hold back payment of some $33 million in kickbacks that had been promised to Pakistani officials. French security officials tell Time that investigators have obtained documents and testimonies from people involved with the deal naming Pakistani officials who were designated to receive "commissions" for their help...

Author: /time Magazine | Title: Could Seven Dead Monks Upset President Nicolas Sarkozy's Bold Plans To Remake France's Legal System? | 7/16/2009 | See Source »

...recovery will rest on its ability to hold on to customers or win over new ones. That's no small task, as GM has been forced to skimp on cash for engineering during its yearlong financial crisis. Even so, GM is off to a good start with its new Camaro, which shows signs of becoming a runaway hit. According to Ed Peper, the general manager of the Chevrolet division, which accounts for 70% of the new GM's total sales, Chevy dealers already have 25,000 orders for the Camaro, making it the hottest car GM has rolled...

Author: /time Magazine | Title: Can GM's New Models Woo Back Buyers? | 7/15/2009 | See Source »

...first time since the Shoah - since Nazi occupation, [French] collaboration, and deportations - that a Jew was murdered in France purely because he was Jewish," Sammy Ghozlan, president of the National Office of Vigilance Against Anti-Semitism, told reporters outside the Justice Ministry following the decision to hold a retrial. (See pictures of the rise of Adolf Hitler...

Author: /time Magazine | Title: France Mulls Anti-Semitic Killers' Retrial | 7/14/2009 | See Source »

...facilities or overflight rights for commercial aircraft - in return for Israel's simply complying with its obligations under the 2003 "road map" for peace. Each side seems to doubt the seriousness of the other, and each will cite the other's reluctance to move forward as a reason to hold back themselves...

Author: /time Magazine | Title: Despite Jewish Concerns, Obama Keeps Up Pressure on Israel | 7/14/2009 | See Source »

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