Word: largest
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Dates: during 1970-1979
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...York's Chemical, the country's seventh biggest bank, paid the defunct Security National company, which had been the 79th largest, $40 million for its assets. Explaining the speedy takeover, Chemical Chairman Donald C. Flatten said that Comptroller Smith "wanted it done quickly." Added Flatten: "The public interest was involved...
...special surveillance on more than 70 banks whose capital reserves are particularly low in relation to their loans. The Fed has sent out unmistakable signals that it wants banks to slow their rush to diversify. Last year the Fed rejected bids by* four-of the nation's ten largest banks to make acquisitions, citing various reasons including weak capital positions...
...Great Atlantic & Pacific Tea Co. has had a hard time living up to its name lately. Having closed down unprofitable operations on the West Coast, the U.S.'s largest food chain (3,500 stores) now reaches no closer to the Pacific than Kansas City. There has been nothing great, moreover, about A. & P.'s financial performance. Saddled with too many small or poorly located stores, the company in 1972 gambled on a discount-pricing program known as WEO (for Where Economy Originates) to win more customers, and ended up with a $51 million loss that fiscal year. Earnings...
...educated in the cities. Most of them are students graduating from middle school, the rough equivalent in nine years of an American high school. They are required to do productive labor for at least two years before they can go on to universities. They constitute one of the largest migrations in history. The ostensible object of sending these hordes of educated youths to the countryside is to bring urban skills and culture to rural areas. The unspoken reason for this mandatory rustication is that there are more youths in the cities than jobs and there is always need for labor...
Grant's deficit is not the largest hi American business history-the Anaconda Co., for example, lost $356 million when Chile nationalized its copper mines in 1970, and Penn Central recorded a $560 million loss in 1971-but it is one of the biggest ever posted by a retailer...