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...Only a month ago, investor Sam Zell acquired effective control of the Tribune company - owner of such venerable papers as the Los Angeles Times and the Chicago Tribune - for not much more than the value of the company's landmark headquarters. After that debacle, Murdoch's cash-on-the-barrel offer of roughly $25 above the Dow Jones share price seemed to spell the end of a nightmare...

Author: /time Magazine | Title: Is the Wall Street Journal Worth It? | 5/1/2007 | See Source »

...unspecified foreign country to receive aviation training for use in suicide attacks, copying the operational method of the 9/11 attacks in the U.S. According to the Interior Ministry, the security forces confiscated weapons, computers, cell phones and more than 20 million Saudi riyals (more than $5 million) in cash...

Author: /time Magazine | Title: The Saudi Arrests: How Big a Plot? | 4/27/2007 | See Source »

...cash, $5.5 billion deal, Nestlé will buy the Gerber baby-food business from Swiss pharma giant Novartis. The purchase catapults Nestlé to the top of the U.S. baby-food market...

Author: /time Magazine | Title: Deals: Merger Mania | 4/26/2007 | See Source »

Jamestown also was the first place to find a cash cow and an economic system for exploiting it. The Powhatan smoked a crude indigenous species of tobacco. But in 1612, John Rolfe imported seeds of Nicotiana tabacum, the Spanish-American weed that was already a craze in England. By 1620 the colony had shipped almost 50,000 lbs. home. Fifty years later, Virginia and Maryland would ship 15 million lbs. Tobacco and foodstuffs were grown on privately owned farms. Beginning in 1618, old settlers were offered 100 acres of land, and newcomers who paid their way were given 50 acres...

Author: /time Magazine | Title: Jamestown: Inventing America | 4/26/2007 | See Source »

...Obama "works the phones like a dog. He probably did three to four times the number of events she did" in the first quarter. "No matter who I call," McAuliffe says, "he has already called them three or four times." So Clinton is stepping up the pace of her cash raising. Instead of big galas, she will be doing more fund-raisers in smaller settings that offer extra attention from the candidate - especially for those contributors who can pony up the maximum $4,600 total allowed by law for the primary and general elections. Whereas her forces once warned donors...

Author: /time Magazine | Title: Inside Hillary's Obama Counterattack | 4/26/2007 | See Source »

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