Word: walked
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...last week, Merrill traded at just over $17 a share, increasing the pressure on CEO John Thain to do a deal. Over the weekend, he sold the firm to Bank of America in an all-stock transaction worth about $29 per share for Merrill shareholders - which means Temasek could walk away with about a 20% return should it sell it shares. The Temasek deal last December, banking sources say, taught everyone in the region a lesson: If you're talking to Wall Street, drive as hard a bargain as you possibly can - or walk. They need you much more than...
They're watching you. And every time you click on a website, make a cell-phone call, swipe a credit card or walk past a security camera, they take note. Stephen Baker could have easily gone for spooky in this depiction of the Numerati--his term for the computer scientists and mathematicians who sort through all the data we throw off in our daily lives, helping corporations and governments predict (and manipulate) our next move. But Baker's deep reportage goes beyond smart shopping carts that entice us to run up our grocery bills and political messages crafted...
...best kind of fashion show is called a "presentation." Instead of sitting down and waiting an hour for models to walk, you walk around to different rooms where models lounge around in gowns. It's like a Disney revue--the Country Bear Jamboree, except the bears are women who never eat and the jamboree consists of acting bored. When I exited, I asked if I could go again...
...Rogoff and Frankel both said that the Fed is best positioned to walk the tightrope between encouraging future risky behavior by intervening too much, and potentially damaging the financial system by intervening too little...
...slim majority in the 120-seat Knesset, or Israeli parliament. But Shas is making demands on Livni, such as pushing for an increase in child allowance (ultra-Orthodox families tend to be large) and making state education more religious. If Livni bends to Shas' demands, Labourites are threatening to walk out of her future coalition. But if she succeeds, she will become Israel's first woman Prime Minister since Gold Meir stepped down...