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...After a series of bad years for Hershey, however, the trust board briefly toyed in 2007 with the idea of selling its stock to Wrigley, famous for its chewing-gum brand, but backed down within hours of closing the deal. State and federal authorities had tried to block the sale, in part because of concerns about the size of a combined Wrigley-Hershey company. Residents of the town of Hershey, meanwhile, expressed outrage and even convinced a local judge to delay the sale, saying it would cause "irreparable harm" to the community...

Author: /time Magazine | Title: In Hershey's Possible Cadbury Bid, a School's Fate | 12/15/2009 | See Source »

...crisis last winter. The $17 billion debt does not include $3.2 billion in notes or preferred stock that GM also owes to employees' health care trusts, or VEBAs, in the U.S. and Canada. GM expects to repay the notes to U.S. and Canadian VEBAs with money from the eventual sale of new stock - an IPO that will be successful only if GM returns to sustainable profitability...

Author: /time Magazine | Title: GM's New Leaders: Ambitious for Change | 12/11/2009 | See Source »

...forgiveness; in righteous fury, they throw her out of the house.) Meanwhile, the glee-club director, Mr. Schuester, is unhappily married to a perky little spider, which makes the adultery subplot involving him look positively charitable. The students lie, they cheat, they steal, they lust, they lace the bake-sale cupcakes with pot in order to give the student body a severe case of the munchies. Nearly all the Ten Commandments get violated at one point or another, while the audience is invited to laugh at people's pain and folly and humiliation...

Author: /time Magazine | Title: The Gospel of Glee: Is It Anti-Christian? | 12/7/2009 | See Source »

...ground. Back in May, the Treasury Department announced that it would issue guidelines on how lenders might speed up dealing with borrowers who simply want to hand back the deed to their house or sell their home for less than is owed on the mortgage (a so-called short sale). Distressed homeowners and housing counselors have long complained about short sales being scuttled by lenders that take too long to respond to a potential buyer's offer. The plan to beef up the process for these sales, originally announced in May, wasn't unveiled until Nov. 30 - and doesn...

Author: /time Magazine | Title: Why the Loan-Modification Program Isn't Working | 12/4/2009 | See Source »

...Barack Obama mentioned Somalia as one of the next battlegrounds in the fight against al Qaeda in his December 1 speech on Afghanistan. The United States supplied 40 tons of weapons to the TFG in June, but a security expert has told TIME that those guns ended up for sale in downtown Mogadishu...

Author: /time Magazine | Title: Suicide Bombing Marks a Grim New Turn for Somalia | 12/3/2009 | See Source »

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