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...deal, the price of which has not been disclosed, comes a day after GM filed for Chapter 11 bankruptcy protection. The U.S. automaker says the sale of Hummer, which GM valued at $500 million, should allow it to preserve more than 3,000 American jobs. Tengzhong says it plans to maintain Hummer's existing senior management team and will enter into long-term assembly and supply agreements with GM. (Read "China's Auto Bailout Takes a Different Route...
...cheap, they might undermine the buyer's ability to signal her status - a desire built into our evolutionary psychology. Griskevicius and his colleagues recommend that companies find a way to publicize the fact that celebrities buy green products. They might also consider keeping those products at a higher price, since penniless people can't afford to indulge in status-seeking and others will pay a premium for it. We may all be selfish and petty, but there's no reason the planet can't benefit from those shortcomings...
...illustrated by the sprawling nature of the 112-page report and its $1 billion price tag, the House renewal initiative is ambitious both in its scope and its bottom line...
...School professor Robert C. Merton says that finance, unlike other subfields of economics, had never claimed to forecast the exact movements of securities prices.Merton was a co-recipient of the Nobel prize in economics in 1997 for his work on the Black-Scholes model, ubiquitously used by traders to price options and determine expected volatility.But he has also gained notoriety in financial circles for his membership on the board of directors of Long-Term Capital Management, whose collapse threatened to imperil the global economy in 1998, prompting a government-orchestrated intervention.“If you look at the options...
...tidbits - delicate molds of peanut tofu alternating with abalone on mashed potato; cups of herring, pumpkin and lotus root; baskets of raw corn, edible flowers and salmon eggs; slow-boiled medicinal soups; and passion-fruit compotes. These dishes are punctuated with palate-refreshing shots of homemade fruit vinegars. The price is modest (set meals start at just $33), presentation is painterly, combinations daring and ingredients haute rustic. Chef Lin plans to relocate Shi Yan Shan Fang by year's end to a nearby plot with waterfalls and four old stone buildings. On land he can finally own, he will make...