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...Fritz Henderson phoned Chancellor Angela Merkel's office Thursday to seal the deal. The decision to sell Opel and Vauxhall to Magna is a coup for Merkel who has staked her credibility on the bid, a joint offer from the Canadian car-parts manufacturer and Russia's state-owned Sberbank. Since May, Merkel and the German government have thrown their weight behind Magna's offer, arguing that Magna already had extensive experience in building autos. Berlin also likes the fact that the Magna bid will keep open Opel's four factories in Germany, thus saving more jobs there than rival...

Author: /time Magazine | Title: GM Accepts Canadian-Russian Bid for Opel | 9/11/2009 | See Source »

Hershey and Nestlé have had discussions but faced an impasse over who would get the gum business, according to someone familiar with the situation. Nestlé wants the gum operations for itself, while Hershey prefers it be shared through a joint venture...

Author: /time Magazine | Title: Could Hershey Make a Play for Cadbury? | 9/11/2009 | See Source »

...years ago, several countries - France in particular - raised the alarm and proposed grand plans to scan Europe's literary bounty. Still, "only some 1% of the books in Europe's national libraries have been digitized so far," Viviane Reding, E.U. Commissioner for Information Society and Media, noted in a joint statement, warning that "if we are too slow to go digital, Europe's culture could suffer in the future." With Google rewriting the book on the way we read, it's time for Europe to catch...

Author: /time Magazine | Title: European Publishers Fight Against Google Books | 9/10/2009 | See Source »

...part of our special report on service, I spoke with the President and the First Lady in their first joint sit-down interview since the Inauguration. They agreed to do this because of their extraordinary commitment to service. The President noted more than once not to forget that the commitment to face-to-face volunteering was good for both the giver and the receiver...

Author: /time Magazine | Title: Doing Well by Doing Good | 9/10/2009 | See Source »

...vulnerable freshmen and sophomore lawmakers to vote for the bill in order to pass it - a big gamble in an uncertain electoral atmosphere. So skittish are a few vulnerable Democrats that they are actually considering skipping President Obama's much-touted speech on health-care reform before a joint session of Congress on Sept. 9, for fear of being caught on camera applauding any health-care initiatives. "There are a lot of freaked-out moderate and swing-district Democrats who are now gun-shy, regardless of what is in the bill," says Charlie Cook, editor of the nonpartisan Cook Political...

Author: /time Magazine | Title: Can Pelosi Win Over Wary Dems on Health Care? | 9/9/2009 | See Source »

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