Word: corps
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...banks and thrifts, there are well-defined procedures for dealing with insolvencies through the Federal Deposit Insurance Corp. But much of the financial action in recent years has moved to companies for which there is no such shutdown plan. When Wall Street firm and major mortgage player Bear Stearns experienced something akin to a bank run in March, the solution that Paulson and Bernanke came up with was a hastily arranged sale to JPMorgan Chase & Co., backed by a $29 billion guarantee from the Fed. The Fed is responsible for keeping prices stable and credit flowing. Bailing out troubled lenders...
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
...would ''be accepted as an indication of no objection.'' To many companies, the letter was a veiled threat of public censure and even criminal prosecution against companies that sell ''adult'' publications. At least six retail chains that received the letter, with 8,632 outlets nationwide--most notably the Southland Corp., owner of 7-Eleven convenience stores--have stopped selling Playboy and Penthouse. Playboy, along with the Magazine Publishers Association and other groups, is suing the commission to retract the letter and issue a statement explaining its intentions. They charged that the letter has touched off a ''blaze of censorship across...
...country. Compucorp, a California-based information-services company, is able to hire Irish programmers and computer engineers for about one-third the $50,000 annual salary that they would command in the U.S. The company now employs 66 people in Ireland. Irwin Cohen, president of Virginia- based ILM Corp., a data-processing firm, points out that ILM's Jamaican subsidiary was founded in 1964 to meet a shortage of American computer operators. Now, he says, operating in Jamaica is ''very similar to operating in a small U.S. town.'' Very similar, but not the same...