Word: contract
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...Formula One world champion Michael Schumacher announced Wednesday that he will return to racing after three years in retirement. Just 11 days shy of his 41st birthday - he'll be the oldest driver on the F1 circuit when he comes back - Schumacher said he's signed a three-year contract with Mercedes GP and that he'll return to the track for the opening race of the 2010 season in Bahrain on March 14. His will be the highest-profile return to F1 since Austrian Niki Lauda came out of a two-year retirement to race for McLaren...
...German is set to reportedly earn just under $10 million the first year - the full terms of the contract have not been disclosed - and will be reunited with Mercedes team principal Ross Brawn, who masterminded all seven of his titles, the first two with Benetton in 1994 and 1995 and the subsequent five with Ferrari from 2000-2004. "The motivation is pretty straightforward," said Schumacher. "I got a call from Ross at the beginning of November asking me to race again, telling me Mercedes were going to be involved. I've never left the racetrack and after three years...
Graham was elected to the House in 1994, one of 32 Republican candidates who signed on to Newt Gingrich's Contract with America. A former Air Force lawyer, Graham drew national attention in 1998 as one of the managers of the House's impeachment of President Bill Clinton. Still, in 2000, he bucked the GOP establishment's pick of George W. Bush and backed McCain in the Palmetto State primary. After Graham won his Senate seat in 2002, he and McCain became close. The Arizona senator, 73, often says Graham, 54, is like a son to him, and perhaps...
...meantime, beer companies have found other ways to get their products into Indian glasses. Brewers have used joint ventures, dedicated local breweries and local contract farmers to expand distribution and lower their costs. SAB Miller, for example, contracts 10,000 farmers in the northern Indian state of Rajasthan to grow barley for all the beer they sell in India - including Foster's, which is branded as Australian but brewed in India. The company has been operating in India since 2000, and last year made a profit of about $7.5 million on $230 million in revenue - enough to convince...
...three towers. One of the early selling points of CityCenter was that a slate of condos was planned to give the project some semblance of urbane flair. But the high-rise-condo market is in dire shape. Murren says MGM Mirage has 50% of its condos under contract, but it also recently announced a 30% price reduction to lure in new buyers as well a financing package to help buyers afford to close the deal...