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After weeks of twists and turns in the battle for control of General Motors' European unit Opel, the U.S. car giant finally made up its mind Thursday and decided to sell a majority stake to a bid headed by Canadian car-parts firm Magna, albeit with strings attached. The deal came as something of a surprise; over the past few days there has been feverish speculation in Berlin that GM had decided to hang onto Opel in Germany as well as its Vauxhall brand...

Author: /time Magazine | Title: GM Accepts Canadian-Russian Bid for Opel | 9/11/2009 | See Source »

...Fritz Henderson phoned Chancellor Angela Merkel's office Thursday to seal the deal. The decision to sell Opel and Vauxhall to Magna is a coup for Merkel who has staked her credibility on the bid, a joint offer from the Canadian car-parts manufacturer and Russia's state-owned Sberbank. Since May, Merkel and the German government have thrown their weight behind Magna's offer, arguing that Magna already had extensive experience in building autos. Berlin also likes the fact that the Magna bid will keep open Opel's four factories in Germany, thus saving more jobs there than rival...

Author: /time Magazine | Title: GM Accepts Canadian-Russian Bid for Opel | 9/11/2009 | See Source »

...hastily arranged news conference on Thursday afternoon, Merkel, an often serious, even dour leader, was overjoyed when she broke the news. "I am exceptionally happy about this decision, which is along the lines of what the government wanted," she said. "It's clear the patience and determination of the government paid...

Author: /time Magazine | Title: GM Accepts Canadian-Russian Bid for Opel | 9/11/2009 | See Source »

Times are changing at Harvard University. Last Thursday, the once pristine Harvard Yard, that manicured display of Ivy League tidiness and efficiency, transformed into a bona fide outdoor disco, fit for half-naked men in sheaths of glitter and metallic booty shorts. No, this wasn’t the unveiling of a new Harvard clothing line; it was the inaugural presentation of the Common Spaces initiative, featuring the American Repertory Theater’s (A.R.T.) latest theatrical extravaganza, “The Donkey Show,” a spin-off of Shakespeare’s “A Midsummer...

Author: By Mia P. Walker, CRIMSON STAFF WRITER | Title: What's For Lunch? Theater. | 9/11/2009 | See Source »

...said Martin. “It also ensures that there is consistency House-to-House in everyday staples.” Brain Break is now on a schedule that repeats every two weeks. Offerings include cheese and crackers tonight, pita and hummus on Monday, and a brownie bar next Thursday. Basics like beverages, breads, condiments, fruit, and cereal will also be guaranteed in every dining hall. Still, this has not prevented some Houses from featuring special Brain Break events. Last night, Lowell House had an ice cream sundae bar as part of what the House Newsletter called...

Author: By Naveen N. Srivatsa, CRIMSON STAFF WRITER | Title: HUDS Serves New Late Night Snacks | 9/10/2009 | See Source »

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