Word: steers
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...vipers, I begin to wonder if a trip down the Kameng is more than I'd bargained on. Luckily, our expedition is led by two of India's most skilled river guides, Yousuf Zaheer and Anvesh Singh Thapa, who supply cooks, tents and the oarsmen who will steer our inflatable rafts as we paddle like crazy through the 75-mile (120 km) stretch of whirlpools and roller-coaster rapids. (See pictures of Hinduism's sacred annual pilgrimage...
Advising companies on mergers has long been one of the big moneymakers on Wall Street. Companies doing an acquisition or being bought typically hire an investment bank, or a few, to steer them through the transaction. The companies pay fees for this work, which advisers for both the buyer and seller usually split. For large transactions these fees can be substantial: Pfizer is paying an estimated $207 million in M&A fees to the seven banks that are acting as advisors to both companies...
...President Nicolas Sarkozy looks set to eclipse them all in trips to the continent. On Thursday, Sarkozy began his fifth African sojourn in less than three years with a trip to the Democratic Republic of Congo (DRC), a violence-plagued Central African nation that of which most Western officials steer well clear. His goal? To sell his ambitious plan economic cooperation aimed at bring peace to some of the region's embattled countries - and in the process restore French influence in Africa...
...designed to support Mexican President Felipe Calderón's two-year-old offensive against the cartels, which has had to rely on the Mexican military, given the corruption and incompetence of most Mexican police forces. Seven thousand troops now patrol Juárez. The Merida Initiative does steer resources to Mexico's fledgling police- and judicial-reform efforts, including sorely needed police retraining, but critics say it should do more in that area, since professionalized cops are the long-term solution to the crisis. Then again, that responsibility is Mexico City's, not Washington's. Clinton and Obama...
...only bailed-out financial firm paying big bucks to managers who helped steer their company to near collapse. Citigroup has pledged millions of dollars in bonuses to senior executives for the next few years, despite lawmakers efforts to eliminate such payments...