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...sell its Swedish subsidiary Saab has fallen apart, jeopardizing the division's future, which had grown increasingly tenuous over the years as its American owner slid into insolvency and bankruptcy. Saab was tentatively scheduled to begin operating as an independent company starting Jan. 1, 2009, once GM's sale to Koenigsegg Group AB, a Swedish maker of exotic vehicles, had closed. (See pictures: "GM's Eight Great Hopes...

Author: /time Magazine | Title: Is This the End of the Line for Saab? | 11/25/2009 | See Source »

...know." Raymond Carver did exactly that. It so happens that for most of his life, what Carver knew best was hardship, both physical and psychological. In his short stories--tight-lipped parables of abjection that became hugely influential in the 1980s--life is a kind of nonstop distress sale. The apartments are shabby; the rent is unpaid; the living room furniture has been carried outside and strewn across the lawn. The people seem dislocated too, even when they're stuck in one place, licking their wounds and drinking hard...

Author: /time Magazine | Title: Man of Constant Sorrow | 11/23/2009 | See Source »

Grousbeck said he was motivated to buy the Celtics when he watched the sale of the Boston Red Sox baseball team to New England Sports Ventures. At the time, the basketball team was on sale for $360 million—then the most expensive team in the history of the NBA. It made $23 million per year...

Author: By Barbara B. Depena, CONTRIBUTING WRITER | Title: Celtics CEO Talks Careers at HBS | 11/18/2009 | See Source »

After months of anticipation and a full-court marketing rollout, Sarah Palin's memoir, Going Rogue, finally goes on sale Nov. 17. If early reviews are any indication, the reminiscences of John McCain's former running mate promise to be as divisive as their author. Several news organizations got hold of the 413-page book - which landed Palin a reported $5 million advance - ahead of its release date; their assessments are decidedly mixed. Melanie Kirkpatrick, a former deputy editor of the Wall Street Journal's editorial page, says the book reveals "a prodigious worker capable of mastering complicated issues," while...

Author: /time Magazine | Title: Sarah Palin's Going Rogue: The Early Reviews Are In | 11/17/2009 | See Source »

While newspapers in the U.S. are still filled with reports of foreclosures and ongoing declines in home prices, the headlines in China tell a different story. One local daily reports that in Shanghai on Oct. 30, more than 200 potential buyers crammed into the sales office of a new housing development, snapping up 120 of the 150 available apartments in just one night. Several weeks earlier in the central Chinese city of Wuhan, 300 people lined up to buy new apartments, some of them arriving two days before the sale. A picture in the local press showed eager customers...

Author: /time Magazine | Title: Bubble Trouble: Why Real Estate Is China's Biggest Headache | 11/16/2009 | See Source »

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