Word: largest
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...double the challenge of his old one. Last week Seafirst, which owns the Seattle-First National Bank, reported a surprisingly large operating loss of $61.4 million for the fourth quarter, bringing its 1982 deficit to $90.2 million. Just before the stunning announcement, a dozen of the largest U.S. banks, including Wells Fargo, had agreed to make available $1.5 billion in standby credits lest some of Seafirst's large depositors lose confidence and withdraw their money, precipitating a run on the bank...
Many customers are in fact taking an economical approach. According to Phone City, the largest non-Bell retail outlet in Manhattan, the bestselling phone is a $32.95 replica by ITT of the standard Bell rotary unit. But the temptation is to upgrade. The next most popular phone is Bell's Trimline ($72), the familiar model with pushbuttons in the handle, and similar versions by other manufacturers. At some American Bell stores, buyers are picking up phones with flair, like the suave, curved Genie ($99) and the French-inspired Celebrity ($159). The fastest-growing sales are being...
Seafirst revealed that its portfolio contains $800 million in problem, or nonperforming, loans that have not been written off, a figure that is some $200 million more than analysts had thought. The trouble spots include a $40 million credit to Mexico's bankrupt Grupo Industrial Alfa, the largest private firm in Latin America. The so-called nonperforming loans amount to nearly 8% of Seafirst's $10 billion in total assets; the banking industry average is about 3%. What is more, the loans exceed by 7% the sum of the bank's shareholders' equity and loss reserves...
...roster of campus absentees, ranging from U.S. Steel to Philip Morris, reads like a Who's Who of corporate America. Among the most conspicuous no-shows are major oil companies, whose profits have tumbled along with oil prices. Exxon Corp., the largest U.S. industrial firm, plans to recruit at just 19 schools this season, compared with 50 a year ago. Part of the slack is being taken up by computer and electronics companies, as well as fast-growing younger firms. Says Arthur Letcher, director of graduate placement at the Wharton School: "The Fortune 500 companies are unquestionably not hiring...
Florida's Everglades, a unique mixture of rain forest, wildlife refuge and the world's largest cultivated organic soil bed, stretches 100 miles from Lake Okeechobee in the north to Florida Bay at the state's southern tip. Once the marshland measured an average 45 miles in width; today it extends 35 miles. Little of the land is in its pristine state. Huge tracts have been drained for agricultural and residential development, and thousands of miles of man-made canals have diverted the water from natural channels. Even much of the 62% of land lying within...