Word: flagship
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Dates: during 1990-1999
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...Teachers, with a staggering $236 billion under management, was founded in 1918 by Andrew Carnegie to provide retirement security for educators. Its funds have never before been available outside education circles. The flagship CREF Stock Account was started in 1952, and since then has returned an average annual 11.7%--under the S&P 500's 12.7%, but a noteworthy return in that it invests in a broader range of stocks that makes it less risky. The open-end funds are run much like the highly successful institutional funds, which are focused on the long term, engage in limited trading...
...look sells. The single boutique in Milan has grown into a Prada empire of 120 shops around the world. Last year the firm opened 27 flagship stores and 13 in-store boutiques. This year it is planning 15 Prada stores (in such places as Chicago and Taipei) and five Miu Miu shops. According to Bertelli, Prada had a pretax profit of $130.1 million on revenues of $674 million last year. This year he expects $150 million on sales of $824 million--tidy numbers for a family firm...
...late Sunday night, the appropriately named pilot union spokesman Christian Paris booted the ball into Air France's half by suggesting the airline set up special flights for World Cup ticket holders. Management is tackling that proposal right now -- but with just two days before the tournament begins, the flagship carrier has barely 25 percent of its scheduled planes in the air. In other words, the fans' battle to join their teams is set to go into injury time...
After leaving CBS he went briefly to "Captain Kangaroo," and then helped start Channel 13, the flagship public television station in New York...
...have ordered an astonishing $10 billion worth of floating pleasure palaces, some of which will be the largest passenger ships ever built. The new vessels, to be delivered through 2002, will increase the number of berths a whopping 50%. Among them: the $450 million, 2,600-passenger Grand Princess, flagship of the Princess line. At a record-breaking 109,353 tons (the Titanic displaced, temporarily, 46,328 tons), Grand Princess will have 15 decks, three show lounges and the world's largest floating casino when it sails this month from Istanbul...