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...rale is now considered a fat and defenseless takeover target. The likely prospect that its post-merger work force would be slashed is a chilling one in a France groggy with nearly 8% unemployment. During trading Tuesday, SocGen's stock price jumped nearly 11% amid heavy trading on rumors rival BNP is planning a hostile bid on the bank. That prospect appeared even more feasible on Wednesday, as BNP announced 2007 profits of $11 billion - smaller, to be sure, than 2006, but far better than European competitors reporting billions of losses linked to subprime exposure. Against that troubling background, many...

Author: /time Magazine | Title: SocGen Boss Keeps Job | 1/30/2008 | See Source »

...longer used by migrant janitors and support staff, but by lawyers, accountants and bankers. Umar Aziz, a litigator in London, recalls a clutch of law firms courting a top-flight Muslim candidate. Aziz's firm, with its prayer room and strong Muslim community, had a clear edge. When a rival firm called and vowed to match any offer, the candidate said: "I'd like a prayer room and ablution facilities." They said they'd have to get back to him on that, so he went with Aziz's firm...

Author: /time Magazine | Title: Breaking Through | 1/30/2008 | See Source »

...clear ethnic cleansing." As in the conflicts in what was once Yugoslavia, the purpose of the increasingly organized mobs killing and threatening members of other tribes was to force all members of that tribe to leave an area. And it may take a lot more than agreement among rival political parties to bring such a conflict under control...

Author: /time Magazine | Title: Can Kenya Avert a Bloodbath? | 1/30/2008 | See Source »

...paper, Harvard’s win over Ivy League rival Dartmouth Saturday night looked more like a junior varsity high school matchup than a contest between what have been the league’s top two squads for the past decade. The Crimson turned the ball over 24 times, tied a season low for points scored, and saw only one starter reach double figures. But on a night when Harvard turned in by far its best defensive effort of the season, it was enough. The Crimson (8-8, 1-1 Ivy) held the Big Green...

Author: By Emily W. Cunningham, CRIMSON STAFF WRITER | Title: Defense Serves Revenge in NH | 1/29/2008 | See Source »

...victim of his own success. With Iraq overtaken by the flagging economy as voters' number one concern, McCain has not been able to turn his South Carolina victory of a week ago into a solid lead in the Florida polls, and Romney suddenly looks like a much more formidable rival for the nomination...

Author: /time Magazine | Title: Is McCain Fighting a Losing Battle? | 1/28/2008 | See Source »

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