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...Obama Administration to freeze Israeli settlement construction and move toward a two-state peace with the Palestinians has reportedly spurred Minister-without-Portfolio Yossi Peled (who belongs to Prime Minister Benjamin Netanyahu's own Likud party) to recommended that Israel shop outside the U.S. for aircraft and military hardware, sell sensitive technology to clients disapproved of by Washington, and invite America's rivals to play a greater role in the Middle East. And if that sounds like chutzpah given the continued U.S. direct aid to Israel - $2.5 billion in military aid this year alone - two Israeli newspapers reported Wednesday that...

Author: /time Magazine | Title: Can Netanyahu Repair the Rift With the U.S.? | 6/12/2009 | See Source »

...This was definitely one of the hardest briefs I've ever received," says Eric Hirshberg, president and chief creative officer of Deutsch L.A., which created the ad. "How do you sell cars from a bankrupt company that a lot of people don't like right now?" The agency, which also worked on Coors Light's "Wing Man" ads and DirecTV's movie-spoof ads, decided to go with brutal frankness, says Hirshberg, "coupled with an honest and credible level of vision and optimism for the future...

Author: /time Magazine | Title: GM's New Ad Campaign: Will It Restart the Engines? | 6/11/2009 | See Source »

...supporters, it's the richest soccer club in the world, with revenues of more than $500 million for the 2007-08 season, double the level of seven years ago. Free to negotiate its own broadcast-rights deal - top teams in England or Germany, say, must sell TV rights collectively - Madrid is halfway through a $1.4 billion, seven-year contract with broadcaster Mediapro. (See the 100 best TV shows of all time...

Author: /time Magazine | Title: Recession? Spanish Club Pays $130M for Ronaldo | 6/11/2009 | See Source »

...Meanwhile, UAW president Ron Gettelfinger, who is concerned about the cash drain on the union's health-care trust, or VEBA, is eager to sell the shares as soon as possible. He may have to wait, however. The timing of the sale would be up to outside advisers, and there would be at least three - one for the U.S., one for Canada and one for the UAW - who would all have to reach consensus on a strategy for maximizing value. That most likely means a gradual release of the shares once an IPO of the new GM has occurred. After...

Author: /time Magazine | Title: Could General Motors' Stock Rise Again? | 6/11/2009 | See Source »

...union got slightly more flexibility in the stock-sale terms negotiated for the Chrysler VEBA. Those terms say the VEBA can start selling stock within six months of any Chrysler IPO, or if Fiat becomes the majority owner, or by June 30, 2012. Though the VEBA could sell its stake to Fiat in a private deal anytime, Gettelfinger has suggested he would like to see an IPO as the best way to maximize the value of the shares...

Author: /time Magazine | Title: Could General Motors' Stock Rise Again? | 6/11/2009 | See Source »

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