Word: largest
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...been ordered by Britain's Royal Air Force. As more countries step up production of military hardware, they are buying less from traditional suppliers. Tokyo's insistence earlier this year on participating in joint production of the FSX jet with the U.S. suggests that - Japan, the world's sixth largest importer of weapons, may be moving in that direction...
What the subcommittee found was that while the largest and most feared civilian bureaucracy (total employees: 123,000) routinely clamps down on its low-level miscreants, it is prone to ignore wrongdoing by members of its old- boy network. At the same time, IRS managers appear to be so concerned with the agency's public image that they would rather suppress whistleblowers than root out unethical and illegal activity. Last week's hearings explored the results of a year-long probe by the subcommittee, which found evidence of misconduct and cover-ups involving more than 25 top IRS officials...
...days after the Delaware Supreme Court gave Time Inc. and Warner Communications the go-ahead to join forces, another megamerger was announced. Bristol-Myers (1988 sales: $6 billion) and Squibb ($2.6 billion) said they had agreed to an $11.2 billion stock swap that would create the world's second largest drug company. The friendly merger would be the largest so far in the current race to create globe-spanning pharmaceutical giants. The new company, with headquarters in Manhattan, would bring together such products as Bristol-Myers' Bufferin painkiller and Windex glass cleaner with Squibb's Capoten, a leading prescription formula...
...trouble Mexico is finally getting a modest dose of debt relief, but whether it will be enough to right the country's economy is in question. Last week Mexico and 15 of its largest creditor banks said they had reached a tentative agreement under which the country will save some $12 billion in payments over the next four years on its foreign-bank loans; these represent $54 billion of its total debt. Mexico's President Carlos Salinas de Gortari hailed the agreement on television, declaring, "This is the culmination of one of the most difficult, complex and tense financial negotiations...
Although the cleaning bill has slashed Exxon's second-quarter profits from $1 billion to $160 million, the world's largest oil company has so far suffered no serious financial hardship. Even so, warns Bryan Jacoboski, who follows the oil industry for PaineWebber, "I think this could be only the tip of the iceberg...