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Even for a firm that's in the business of creating headlines, this one is special: British-based Reuters today announced that its board had agreed, after weeks of negotiations, to a $17.2 billion takeover bid from Canadian information provider Thomson. Assuming anti-trust regulators in the E.U., U.S. and U.K. sign off, the deal will forge the world's largest business news and information provider. Thomson-Reuters, as that merged business is to be known, will be led by current Reuters CEO Tom Glocer...

Author: /time Magazine | Title: What Does Rivals' Merging Mean For Bloomberg? | 5/15/2007 | See Source »

...improve his situation, the American paid a bribe - which embassy officials say is usually around $1,000 - for a spot in a special upstairs area where living conditions are more tolerable. There, inmates can have access, for a price, even to such luxuries as Direct TV or an Xbox. Some install kitchens in their rooms and pay someone to bring food from outside, so as to avoid the sardines and third-grade meat served in the prison. Funds come from prisoners' families and, in some cases, taxpayers' money in their home countries...

Author: /time Magazine | Title: Venezuela's U.N. for Drug Traffickers | 5/15/2007 | See Source »

...exempt institutions like Harvard are privy to some special options when it comes to investing their money. But in light of recent discussions in the Senate, these options may soon become quite taxing. Staff members of the Senate Finance Committee met privately with experts on Monday to discuss how universities—specifically Harvard, Yale, and Stanford—avoid paying taxes on money that is invested in offshore hedge funds, according to an article in Bloomberg News. Depending on the conclusions reached, Harvard and other universities may have to change the way they invest their endowments, but no legislation...

Author: By Nathan C. Strauss, CRIMSON STAFF WRITER | Title: Harvard’s Taxes Face Senate Scrutiny | 5/11/2007 | See Source »

UNITED NATIONS (AP) - Three U.N. special envoys will be soliciting the views of world leaders on tackling climate change to help Secretary-General Ban Ki-moon prepare for a June meeting of major industrialized nations and decide whether to hold a high-level U.N. event on global warming in September...

Author: /time Magazine | Title: U.N. Envoys Seek Input on Climate Change | 5/10/2007 | See Source »

...Brundtland said she and the other special envoys - former South Korean Foreign Minister Han Seung-soo and former Chilean President Ricardo Lagos - will be consulting ahead of the G-8 summit with leaders from the main emitters of greenhouse gases, from the major developing world economies, and from small island nations and the poorest countries...

Author: /time Magazine | Title: U.N. Envoys Seek Input on Climate Change | 5/10/2007 | See Source »

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