Word: largest
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Dates: during 1980-1989
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...decade, that July futures contracts in excess of 1 million bu. be liquidated. In one day soybean-futures prices plunged 5%, to $6.86 per bu. Traders speculated that a single buyer was trying to corner the market or drive up prices. The suspected culprit: Ferruzzi Finanziaria, Italy's second largest privately held company and the third largest U.S. soybean processor since it bought Indiana-based Central Soya...
Ferruzzi says its purchases -- a reported 30 million bu. of soybeans in the past 18 months -- were a legal effort to ensure adequate supplies for its customers. Many traders believe Ferruzzi's two largest U.S. rivals, Archer Daniels Midland of Decatur, Ill., and Cargill of Minneapolis, felt the pinch from rising prices and complained to the c.b.o.t. Said one trader: "Older, established firms ganged up on the new, foreign kid on the block." With prices taking a near panic dive, Ferruzzi has already lost an estimated $10 million. Harder hit may be U.S. soybean farmers, who last week...
...Sure, we could do a lot more to encourage economic reform in Eastern Europe. But we don't have the money. We are broke." Says Michael Mandelbaum, a Soviet scholar at the Council on Foreign Relations: "The foreign policy fruits of Reaganomics are that we are the world's largest debtor nation and have a budget deficit that constrains what we can spend...
...battle that has captured the attention of everyone from billion-dollar money & managers to Hollywood movie directors. At issue before Judge Allen was an effort by Paramount Communications to block Time Inc. from acquiring Warner Communications in a $14 billion friendly merger that would create the world's largest information and entertainment company. If the judge had granted Paramount's motion, which was joined by several major Time shareholders, Paramount could have pressed ahead with its hostile bid to acquire Time for $12 billion. But after 5 1/2 hours of hearings last week, Allen denied Paramount's request...
LANDS' END. The largest of the three, Lands' End posted revenues of $456 million for the twelve months ending last January, an increase of 35% from the previous year and not far from the $580 million in sales racked up in 1988 by L.L. Bean, still the captain of the sportswear-catalog industry. Lands' End, launched in 1963 by Chairman Gary Comer, then a 36-year-old advertising copywriter at Young & Rubicam in Chicago, sells moderately priced, well-made staples. Among them: oxford-cloth shirts ($19.50); cotton twill skirts ($32.50); and silk foulard ties ($19). One of the company...