Word: terme
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...filed for Chapter 11 bankruptcy protection. The U.S. automaker says the sale of Hummer, which GM valued at $500 million, should allow it to preserve more than 3,000 American jobs. Tengzhong says it plans to maintain Hummer's existing senior management team and will enter into long-term assembly and supply agreements with GM. (Read "China's Auto Bailout Takes a Different Route...
...Sound. It is a remarkable turnaround since the Exxon spill, the worst man-made environmental disaster in U.S. history - the immediate shock of which killed hundreds of thousands of shorebirds that made their home in the Sound along with sea otters that choked on the crude. Over the long term, populations of orcas, killer whales, herring and other species would be injured by the accident. (Read "Remembering the Lessons of the 'Exon Valdez...
...Harvard colleagues used a proprietary database called Osiris, which updates its financial data daily, to cull information on the major shareholders of tobacco-related equities. The researchers cite New Jersey-based insurer Prudential Financial as a typical example of what they discovered. Prudential, which sells both life and long-term-disability insurance, owned about $264 million in the stocks of Reynolds American, which makes Camel cigarettes, and Philip Morris International, which manufactures the Marlboro brand. (Watch TIME's video "Au Revoir Cigarettes...
...company's $100 billion investment portfolio, less than 0.005% was exposure to tobacco stocks. "Sun Life's investments in renewable-energy projects are over $1.2 billion. We also invested about $1 billion in the last three years to help build or renovate about 20 hospitals and long-term-care facilities," Leduc added. "Together, these two categories alone amount to nearly 500 times the size of tobacco stocks...
...Brown dismissed the suggestion. Labour's term doesn't expire until June 2010. But rumors are swirling that Labour backbenchers are collecting signatures on a petition asking for Brown to step aside. Some opinion polls are suggesting that Labour might even slide into third or fourth place in some parts of the country in Thursday's municipal and European elections. So nobody is taking bets on the Brown government lasting into next year. (See pictures of Brown as he prepared for power...