Word: giants
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...Lewis took over. But rather than retrenching as most people expected, Lewis proved he liked the art of the deal as much as McColl. In 2003, Bank of America bought Boston-based bank Fleet for $47 billion. Two years later he spent $35 billion to buy credit card giant MBNA. And as the credit crisis began to unfold, Lewis picked up Countrywide, which at its height was the nation's largest independent mortgage lender, for just over $4 billion...
...returned from vacation in Aspen, Colo., last month, the clean-cut Southerner was sporting scruff for the first time in memory. That wasn't the last change he had in store: on Sept. 30, Lewis unexpectedly announced he will step down by the end of the year, leaving the giant bank scrambling to find a successor. The 62-year-old garnered plaudits as he climbed the firm's rungs over 40 years, but he has absorbed a series of blows for his stewardship of the company during the financial crisis - particularly his bold takeover of Merrill Lynch in September...
...message seems to be getting across. The French energy giant Total recently failed to bid on a major block in Iran's South Pars field - the world's biggest natural gas field - after spending years eyeing the business. Like other energy companies, it calculated that its Iran business was becoming a problem it could live without...
...that - long submersible cannons called airguns - has drawn loud criticism since the 1990s from marine-mammal experts. They say firing airguns in certain waters and at certain times of the year can be extremely harmful to a long list of sea creatures, including dolphins, whales, porpoises, giant squids, crabs and sea turtles. The noise the guns generate causes some animals to flee their native habitat, says Naomi Rose, senior scientist with the Maryland office of Humane Society International (HSI). "Their use can cause stress to some animals as well - and you should never underestimate the harm that stress can cause...
...unique to Delhi - it's just worse here. But that's not the image of its national capital that India wants to project to the world. In the run-up to the Commonwealth Games, India has displayed the same touchiness about its self-image as the other rising Asian giant, China. "It's the same case with all Asian cultures," says Joshi. "They want to showcase their modernity to show they've arrived. Take spitting, for instance. In Singapore, China, India ... it's seen as something that belongs to the past and should be left behind...