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...while Blessing and Allianz chief executive Michael Dieckmann, 54, celebrated the deal, investors thrashed Commerzbank for paying too much and analysts questioned whether Blessing and his team were up to the task of successfully completing the merger. In light of the ongoing financial crisis, analysts were surprised to learn that Commerzbank values the struggling Dresdner bank at a premium of 1.1 times its current book value. Commerzbank shares fell as much as 12.1% in trading Monday, the biggest decline in the company's stock since October 2002, according to the news agency Bloomberg...

Author: /time Magazine | Title: The German Merger Against the Odds | 9/1/2008 | See Source »

...mystery, like James Bond suavely passing through Miami International Airport. My grandmother and I greeted him as he came off a plane and we sat in a coffee shop, where he diagrammed an atom on a napkin and explained his job - nuclear physicist. Only years later did I learn that he was involved in Operation Dominic, as the U.S. detonated 105 nuclear explosions in the Pacific and he flew in an airplane trying to measure a bomb's electro-magnetic pulse. He hardly ever discussed...

Author: /time Magazine | Title: The Oldest Man at Burning Man | 9/1/2008 | See Source »

...Foster was facing ruin, he appears to have retained to the end a veneer of decorum befitting an English gentleman. In interviews with the Telegraph and other papers, his neighbors were shocked to learn that Foster was in financial trouble at all. They described a genial man besotted with his family and his daughter, Kirstie, whose smiling picture has run across front pages alongside images of the charred ruins of her house. Friends have remembered her as a vibrant girl who loved her three horses, Scrumpy Jack, Breezy and Bramble, all now dead...

Author: /time Magazine | Title: Britain Puzzled By Mansion Murder | 9/1/2008 | See Source »

...they had been out caribou hunting and gold mining - how Alaska is that? - so there wasn't any advance warning for them. Her mother Sally told me this before remembering that she's not allowed to talk to reporters now, that they've been told that they have to learn about the new protocol. She seems genuinely sorry about this. "We're very, very proud of her," she told me before hanging...

Author: /time Magazine | Title: Where Palin Made Her Name | 8/30/2008 | See Source »

...raising it $4 million. By interviewing 6,000 people with liquid assets of at least $5 million, they have written a comprehensive book that statistically defines this well-heeled group. You might not be one of them, but that doesn't mean you can't enjoy their peculiarities--or learn how to sell them something...

Author: /time Magazine | Title: Business Books | 8/28/2008 | See Source »

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