AP Money Minute: Dow Deal OffShow Video Details ↓ Mark Hamrick: AP Money Minute. Analysts say Kuwait's decision to back out of a seventeen billion dollar joint venture with Dow Chemical will likely force the company to renegotiate its planned acquisition of Rohm and Hass. Kuwait's government says the joint venture was very risky due to the global financial crisis and low oil prices. Rohm and Hass says the $15 billion buyout is still on. Billionaire Mark Cuban has acquired a more than 9% stake in Carmike Cinemas. He's also a Co-owner of the Landmark theater cinema chain. Cuban acquired nearly $3 million worth of shares through his personal investment account. Days after the passage of a key deadline, the financing arm of General Motors remains mum on whether it cleared a final hurdle to become a bank holding company. It hopes to gain access to billions of federal bail up funds. Analysts have speculated that if GMAC financing services doesn't get financial help, they might have to file for bankruptcy protection or even shutdown. Baskin Robins has added healthier ice-cream to its famous lineup of flavors. Bright choices will include light and reduced fat, no sugar added ice cream as well as dairy free sorbet and fat free frozen yogurt. I'm Mark Hamrick with AP Money Minute. |