Word: second-largest
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Acknowledging that it no longer controls the market, opec wants oil producers outside the 11-nation cartel to share its pain. Chief among those countries is Russia, the world's second-largest producer. If Russia (along with Norway and Mexico) doesn't cooperate, OPEC has hinted there will be no production cuts. That could mean a price war that would drive crude oil down to around $10 a barrel - well below the $25 average that OPEC favors. So far, Russia has agreed only to a 50,000-barrel...
...major industry restructuring may be on the way. Look for discounters to gain even more market share and for some of the majors to merge. Worst hit will be the mid-sized players: the chief executive of British Midland, the U.K.'s second-largest airline, conceded this month that B.M.I. needs to adopt low-cost principles and forge alliances with other airlines to survive...
...world's second-largest application-software supplier after Microsoft, SAP soared to global prominence with software that helps speed decision-making, slash costs and give managers control over global empires by bringing together a company's operations, from order-taking to manufacturing to accounting...
Harvard’s announcement comes a day after Yale’s. The University’s Ivy League rival, which has the country’s second-largest university endowment, announced that its $10.1 billion endowment increased 9.2 percent overall during FY01, minus $300 million in additional spending, bringing their endowment to $10.7 billion...
...follow-up. After five years of pain-staking work, the world was once again mesmerized by the master. With the largest advance orders for any album ever, Bad solidified Jackson’s success and ignited Michael-mania once again. The album spawned single after single, becoming the second-largest musical success story after Thriller and earning the young musician the coveted title of the King of Pop. Songs like “The Way You Make Me Feel” and “Man in the Mirror” still hold up well after so many years, still...