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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 »

...Thanks to Hollywood's 2007-08 work stoppages, next summer so far looks light on blockbusters. J.J. Abrams' Star Trek, Hugh Jackman's Wolverine and sequels to Harry Potter, Transformers and The Da Vinci Code will bring built-in audiences. Bruno, Sacha Baron Cohen's follow-up to Borat, may pique some interest, as should Pixar's Up. Still missing from the slate is anything to capture that female-over-40 Mamma Mia! spirit. Madonna, perhaps now's the time to pitch your jukebox musical...

Author: /time Magazine | Title: Summer Box Office: Good, Not Great | 8/29/2008 | See Source »

...court's legitimacy echoes that of his one-time ally, former Yugoslav President Slobodan Milosevic, who died in 2006 before his four-year trial could produce a verdict. But there are important differences between the two men. For one, Karadzic is healthy, so the numerous delays and light court schedule that plagued Milosevic's trial shouldn't apply. While Karadzic also defies the court, he's far less aggressive than Milosevic. And more respectful. He stands when the judges enter the court; he wears his translation headphones, something Milosevic never deigned to do. Although his insistence on representing himself...

Author: /time Magazine | Title: "Not Guilty" Plea Entered for Karadzic | 8/29/2008 | See Source »

...always promise harmony and light. At a downtown meeting with 4,000 supporters in the afternoon, Hillary Clinton officially released her delegates so they would have "the chance to vote what's in [their] heart during the roll call vote." As for herself, she noted, "I signed my ballot this morning for Senator Obama. But a lot of other people who are signing their ballots have made a different choice...

Author: /time Magazine | Title: Clinton Builds a Bridge to Obama | 8/28/2008 | See Source »

Barack Obama is usually the candidate who begs his staff to let him take one more question at every event, but this week he hasn't been a man to linger. Even though his public schedule was relatively light, behind the scenes he was racing his own internal clock to finish what is the most important speech of his career...

Author: /time Magazine | Title: How Obama Writes His Speeches | 8/28/2008 | See Source »

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