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...bank's chief executive, Hugh McColl. Soon Lewis became the wingman to McColl's swashbuckling merger ways. McColl would do the deals, and Lewis would parachute in to do the cost-cutting and integration. Along the way, the two built Bank of America to become the country's largest bank in terms of deposits...
...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...
...rule will oblige those large emitters to get permits that demonstrate they are using the best available technology for controlling carbon whenever they engage in new construction or upgrading. "By using the power and authority of the Clean Air Act, we can begin reducing emissions from the nation's largest greenhouse-gas emitters without placing an undue burden on the businesses that make up the vast majority of our economy," said EPA administrator Lisa Jackson in a speech at the Governors' Global Climate Change Summit in Los Angeles...
...temptation to export our political and economic model," Lula foreign policy adviser Marco Aurélio Garcia told TIME last year. "We don't believe everyone should be like us." But at the same time, Lula is on a crusade to make Brazil, with the world's fifth largest population and ninth largest economy, a serious international player. He's stumping hard for a permanent Brazilian seat on the U.N. Security Council and more input from developing nations in setting global trade and economic policy. (He is also personally cheerleading in Copenhagen for the Brazilian bid for the 2016 Olympics...
...Free Democrats, was the real winner, becoming the first openly gay leader of a governing German party. Though Merkel's conservative Christian Democrats pulled in one-third of the vote - less than in 2005 - Westerwelle's party captured 14.6% of the ballots, a 4.7% increase that was the largest of any group. Germany will now be ruled by a coalition of the two parties. Following German tradition, Westerwelle is slated to become Germany's next Foreign Minister and Vice Chancellor in Merkel's new government. (Read "Guido Westerwelle, Germany's Mittelman...