Word: largest
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Dates: during 1980-1989
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...videotaped tidings that Frederick Joseph handed out to the TV networks last Wednesday evening were not exactly festive. Looking tired and tense, the silver-haired chief executive officer of Drexel Burnham Lambert discussed the settlement that Drexel had reached that day with federal prosecutors to end the largest probe ever of a U.S. securities firm. Declaring that the long-awaited agreement "makes sense from a business and human point of view," Joseph, 51, tried to be upbeat. The deal, he said, would leave the firm "in a very strong financial position, and allows us to refocus our energies on running...
...return, Giuliani agreed to drop his stated plan to bring racketeering charges that could have crippled Drexel, the fifth largest U.S. securities firm. Before the deal can be completed, however, Giuliani stipulated, a 184- page civil complaint that the Securities and Exchange Commission brought against Drexel in September must be settled by Jan. 10. The SEC could conceivably ask for a larger pool of money to compensate alleged victims, who range from ordinary stockholders to Drexel's clients. Even so, Giuliani declared Drexel's fines and concessions "appropriate punishment." He added, "You do not put corporations in prison...
...silvery aluminum-skinned Boeing airliner rolls out of one of the company's four giant hangars in suburban Seattle and is sprayed with the colors of its new owner: red and blue for American, yellow and blue for Lufthansa, emerald green for Aer Lingus. The world's largest aircraft manufacturer (a record $29 billion in orders this year, up from $20 billion in 1987) is stepping up production, from 25 jetliners a month...
...year-old European aerospace consortium still loses money on every plane it sells, but its British, French, West German and Spanish co- owners have been willing to subsidize costs in order to develop a robust European aircraft industry. Airbus is eclipsing Douglas as the world's second largest jetmaker. One reason: the manufacturer outfits its jet cockpits with advanced flight-control systems that are not yet available on most U.S.-made , airliners. By constantly monitoring flight conditions, the Airbus onboard computers help cut maintenance and fuel costs...
Boeing seems assured of maintaining its dominance of the commercial-airliner market, commanding about a 60% share. As the largest exporter of U.S.-manufactured products, Boeing through its sales contributes not only to Washington State's economy but to the U.S. trade position as well. Foreign airlines have placed some 60%, or $50 billion worth, of the company's current order backlog...