Word: mondays
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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...
...Monday morning, the Boston Police roused scores of sleeping protesters—including several Harvard students and top NASA climate scientist James E. Hansen—from their tents pitched on Boston Common, asking them to ready their identification cards...
...hardly surprising that President Barack Obama chose to schedule a White House visit by Israel's Prime Minister Benjamin Netanyahu in the dead of night on Monday, because right now Obama has little to show for his 10-month effort to revive a Middle East peace process. The Israeli leader's refusal to abide by Washington's demand for a complete freeze of settlement construction in the West Bank and East Jerusalem - and the Palestinians' refusal to enter talks without one - has left the Obama Administration's plans in tatters, with Palestinian Authority (PA) President Mahmoud Abbas threatening to resign...
...editor of China's most influential business magazine, she managed to publish groundbreaking stories on official ineptitude and financial malfeasance despite China's tight control of the media. She may be on the verge of even greater freedom after cutting her ties with the owners of her magazine. On Monday, Hu announced that she was resigning from Caijing (Finance and Economics), the publication she built into one of China's rare voices of journalistic autonomy. Instead, she and a core group of reporters and editors are going to form a new magazine...
Managing editor Wang Shuo also said he was leaving the magazine. Staffers were told on Monday that they had until Wednesday to decide whether they wanted to leave to join Caixin, which will be a weekly magazine. The extent of the exodus of Caijing staffers is unclear, although people close to the magazine indicate a strong support for Hu's move and confidence that the new venture would be built on the independent model of the old one. "We were told that we will be doing the same thing, just with a different name and a different office," says...