Word: corpe
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Dates: during 2000-2009
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BUSINESS Betting on the 21st Century In a merger with potentially historic implications for the communications and entertainment industries, Bell Atlantic Corp. announced it would acquire Tele- Communications Inc., the nation's largest cable-TV operator, and its cable- programming affiliate, Liberty Media. The resulting company could dominate the ''information superhighway'' of the future. The complicated stock transaction is valued at $21.4 billion...
...army. Israel's high taxes kept him from moving his corporate empire there until 1970, after the Knesset passed the so-called Eisenberg Law, exempting offshore-trading income from taxes. Today the Eisenberg Group, with 40 offices around the world, is divided into two main holding companies -- the Israel Corp. and Panama-registered United Development Inc. The Israel Corp., of which
Faced with a combination of falling sales, an increasingly unstable U.S. economy and rising gasoline prices, General Motors Corp. has unleashed another huge wave of budget and financial cuts that the company's top executives described as a "self-help" plan designed to stave off any potential "liquidity crisis." The cutbacks appear to involve every level of GM's operations, including shedding the Hummer and decreasing its support for NASCAR. Said GM's chairman and chief executive officer Richard Wagoner: "Conditions are extremely unsettled. We're trying to protect the enterprise long-term. We're going to have to ride...
Toyota Motor Corp. has worked hard to demonstrate how American a car company it can be. The company bought naming rights to the Toyota Arena in Houston (and the connected Toyota Tundra garage), built a truck plant deep in the heart of Texas and even joined NASCAR. Now Toyota is really behaving like its Detroit cousins: it's shedding production because of slow sales...
...Toyota, which is No. 2 in vehicle sales after General Motors Corp., plans to suspend temporarily its production of Tundra pickup trucks and the Sequoia sport utility vehicle, starting August 8. Suburban cowboys are dumping their trucks and SUVs in the face of higher gas prices, and Toyota is not immune. "They're facing the same structural problems as everybody else," said David Cole, chairman of the Center For Automotive Research in Ann Arbor. The names Tundra and Sequoia just scream "more...