Word: multibillion
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...Multibillion-dollar mergers and acquisitions used to constitute high drama in the corporate world. Today, however, these episodes seem to be just business as usual. Last week talk of mergers brewed on three major fronts. Nabisco Brands (1984 sales: $6.3 billion) held exploratory talks with R.J. Reynolds (1984 sales: $13 billion). Wall Street speculates that Reynolds, which sells cigarettes, Kentucky Fried Chicken and Del Monte foods, would pay some $5.3 billion to gobble up Nabisco, king of the snack cupboard and maker of Oreo cookies, Ritz crackers and Baby Ruth candy bars...
...Mexican-born, naturalized American agent, known as Kiki, seemed to bring out long-simmering resentments among U.S. officials about Mexican law enforcement in general. Above all, the officials were irate over the toughest of bilateral problems: the reach and political power of the crime barons who control Mexico's multibillion-dollar drug trade...
...lingering fears and possible long-term medical effects, while Union Carbide had to face the complex financial and legal fallout from the disaster. Even as the Indian Central Bureau of Investigation set into motion its official inquiry, U.S. lawyers descended on the stricken city to help its residents file multibillion-dollar lawsuits against Union Carbide...
That sort of security is useful nowadays in Bogotá. U.S. and Colombian authorities believe the bombing was the work not of leftist, anti-U.S. terrorists, but of a powerful Colombian drug mafia intent on discouraging recent efforts by the two governments to curb the country's multibillion-dollar cocaine and marijuana industry. In response to a U.S.-Colombian move to extradite 78 Colombian dealers to face charges in the U.S., unnamed drug barons three weeks ago threatened to kill five Americans for every Colombian extradited. Colombian police believe that the prime target of last week...
...seems to be working. Losses for 1983 were $485 million, vs. $1.74 billion the year before. Truck sales are strong, and the farm equipment business is sprouting healthily. The best part came in January, when Lennox told shareholders that Harvester's creditors had agreed to refinance its multibillion-dollar debt. Without that understanding, the company would undoubtedly have been forced into bankruptcy...