Word: largest
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Dates: during 1980-1989
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...other financial concerns to file a report (Internal Revenue Service Form 4789) whenever they accept more than $10,000. By running the forms through computers, investigators can pinpoint who is handling inordinate amounts of cash. Until recently, however, the reporting rule has been widely ignored. The second- and third-largest banks in Boston, the Bank of New England and Shawmut Bank, have admitted that they too made unreported cash transfers. Meanwhile, the Treasury Department is investigating at least 60 U.S. banks for failing to comply with the reporting law. Many institutions apparently brushed aside the regulations because of the paperwork...
Last week the war of attrition between the largest U.S. overseas carrier and the strikers grew hotter. Weakened by the return to work of Pan Am's 1,400 pilots, the T.W.U. headed back to the bargaining table. But even as the talks resumed, Pan Am sent termination notices to more than 1,000 flight attendants who refused to cross picket lines and said it would replace them with new workers...
...Reynolds, the second-largest U.S. cigarette maker, is another frustrat- ed American manufacturer. Japanese policies leave just a minuscule 2% of the country's $11.5 billion tobacco market to foreigners. Says Peter Hoult, Reynolds' vice president of marketing: "Some of the government controls are like a land mine. You never know where they'll show up." Not only do the Japanese slap taxes on imported cigarettes to boost some of their prices 40% above Japanese brands, but they have also laid down a phalanx of other barriers. It was not until 1981, for example, that Japan increased the number...
Still, some U.S. firms have succeeded. IBM, Polaroid, NCR, Ralston Purina and Motorola have flourishing Japanese operations. McDonald's of Japan is the country's largest food-service company, with 457 shops. 7-Eleven has 2,299 stores in Japan, 308 of which opened during the past year. IBM has been operating in Japan since 1937, and earns more than $350 million a year there. Among the reasons: the vast majority of its 15,000 employees in Japan are locals, and the company works with several Japanese partners, including Mitsubishi and Kanematsu-Gosho...
...began the task of bringing new faces into the uppermost reaches of the bureaucracy, replacing 32 of the 157 regional party secretaries, often with younger men. That was only a small tremor in a shift that is still moving through the bureaucracy. According to a senior British diplomat, the largest turnover of local Communist officials in recent memory took place during biennial party committee elections between November 1983 and January 1984. Nonetheless, the pace of change remains slow, and most top officials in the Soviet bureaucracy are, like most Politburo members, in their...