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...Kraft bother? Announced hours before a late Monday deadline for a formal offer from the company under U.K. takeover rules, the proposal buys Kraft valuable time to figure out its next move. Under the British code, the Illinois-based firm now has 28 days to distribute the details of its proposals to Cadbury's investors; those shareholders could then expect a written response from Cadbury within two weeks. Once that's in the mail, Kraft will have just over a month to make any final offer. (See how to plan for retirement...
That the companies are set for a drawn-out saga - a likely revised bid could come as late as the end of January - is clear. What value Kraft may be prepared to place on Cadbury is less so. The British firm's shareholders are thought to want at least $13.4 a share; many analysts think they should hold out for more. But in the absence of a rival bidder, Kraft's proposal - which still offers a premium of 26% over Cadbury's share price prior to the company's initial approach in September - may start to look more appetizing. After...
...first proposal for using injected drugs as a form of capital punishment came in the late 19th century, when a New York commission on capital punishment included the suggestion that the method might prove more humane than hanging. According to Robert M. Bohm, a professor at the University of Central Florida who has written extensively on capital punishment, the proposal was rejected over concerns it would lead the public to associate the hypodermic needle - only recently introduced as an important medical tool - with death. During World War II, lethal injection was part of the Nazis' chilling arsenal of methods...
...possible nuclear deal and what the components of such a deal might be. Obama said during his presidential campaign, and has signaled since assuming office, that he's not averse to having the U.S. talk directly with the North. The fact that the North has been typically ornery of late - possibly crossing into Seoul's territorial waters, defiantly announcing that it's still reprocessing plutonium - may just be Kim Jong Il's way of getting ready to talk...
...episode late Tuesday morning only intensifies the deeply strained relations between the two Koreas. Earlier this year, North Korean dictator Kim Jong Il staged a bit of a charm offensive, ending a period of silence while he recovered from a stroke. Kim said he would again agree to talks about his nuclear program, and he hosted former President Bill Clinton in Pyongyang, who traveled to the North to win the release of two U.S. journalists who had been arrested there. But there's little sign of any thaw with Seoul. Pyongyang has been infuriated that South Korean President Lee Myung...