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...latest turn in Kraft's effort to forge the world's biggest confectionary business, the low-ball offer - worth $12 per Cadbury share, or 4% less than its earlier proposal thanks to an interim fall in Kraft's shares - was never likely to be welcomed. As a multiple of Cadbury's profit before deductions for tax and other charges, the deal is worth roughly a third less than the average for takeovers in the global food business since 2000, according to investment-research firm Sanford C. Bernstein. Granted, the world is in an economic slump and there's no rival...

Author: /time Magazine | Title: Despite Two Rebuffs, Kraft Is Still Sweet on Cadbury | 11/10/2009 | See Source »

...think if it does turn out to be true,” he said, “it’s a win-win for everyone...

Author: By Julie M. Zauzmer, CONTRIBUTING WRITER | Title: MIT May Add 300 To Undergrad Class | 11/10/2009 | See Source »

...proportion of students who are of legal drinking age. This encourages hosts to devote money to non-alcoholic drinks and food, which is precisely what the Office of Alcohol and Other Drug Services and other health professionals recommend in order to ensure that casual alcohol consumption does not turn into unhealthful binge drinking...

Author: By The Crimson Staff | Title: Responsible Fun | 11/10/2009 | See Source »

...Basanta Raj Bhattarai, deputy coordinator of the National Unit for Coordination of Refugee Affairs at the Ministry of Home Affairs, the government has requested the UNHCR not to recognize any more cases of urban refugees living in its borders. There are fears, he says, that the country might turn into a safe haven for illegal immigrants. "We don't want Nepal to be a hub for human-trafficking," says Bhattarai. The government recently imposed a ban on issuing on-arrival visas for the residents of a dozen countries, including Somalia, Burma, Iraq, Iran, Afghanistan, Nigeria and Sudan...

Author: /time Magazine | Title: Somali Refugees in Nepal: Stuck in the Waiting Room | 11/10/2009 | See Source »

...character of the city's native population, and the city's heroic local police force led by three generals - a Kurd, an Arab and a Turkoman. The relative calm in Kirkuk may also be a vindication of the Baghdad government's foot-dragging over the question of whether to turn Kirkuk over to Kurdish control. (See pictures of Iraq's revival...

Author: /time Magazine | Title: Iraq Elections Set, but Kurdish Tensions Remain | 11/10/2009 | See Source »

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