Word: colossuses
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
When Citicorp and Travelers in October 1998 closed what was then the largest merger in history, creating a $751 billion financial colossus, a piece of unfinished business kept resurfacing like a bad odor amid the celebrations and predictions of imminent world dominion. This was the so-called Salinas affair, the curious tale of how a resourceful Citibanker named Amy Elliott helped Raul Salinas move some $100 million into untraceable accounts owned by offshore "trusts" that were in turn owned by dummy corporations in the Cayman Islands...
...choice for company of the century is General Electric, which began the century as an industrial company with sales of less than $16 million and, catching almost every wave, evolved into a diversified manufacturing and finance colossus with strong positions in media and information. This year's sales are expected to exceed $100 billion, and with market capitalization of $302 billion, the company is in a close race with Microsoft for the title of Most Valuable. GE chairman Jack Welch isn't the innovator that GE's founder Thomas A. Edison was, but this son of a railroad conductor...
...world's computers and so thoroughly dominated the industry that even rivals like Univac--which built the first large commercial computer--were dismissed as merely part of "the Bunch." And while newcomers such as Compaq and Microsoft brought the company to its knees in the 1980s, the colossus that Watson inherited and reinvented in the 1950s and '60s stands strong again today, the sixth largest U.S. company...
...fast in the world economy. Countries no longer slide into recession; they plunge headfirst over the cliff, faster than a fund manager can hit the redial button on his phone. Now that Russia's finances have imploded, the worriers are turning their attention to the other onetime communist colossus grappling with economic reform: China. Since the once vaunted "Asian miracle" has taken on the aura of a curse, a lot of investors and governments are asking if the People's Republic of China will be the next to fall...
...check and say, 'Give it back when you have it.'" He still believes in the group's pledge to "take good men and make them better." He eventually joined the Shriners, the fez-headed Masonic subgroup with a philanthropic specialty and more recently undertook the hyping of a dying colossus. "We're in a very strong rebuilding program," he insists. "Young people are starting to show a dramatic interest...