Word: second-largest
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...first fruits of the union came last week as Mitterrand approved Chirac's selection of a new Cabinet after 48 hours of intense negotiations. Thirteen of the ministerial appointments were filled by Chirac associates, and nine went to representatives of Giscard's U.D.F., the second-largest conservative faction. As the new Cabinet took office, outgoing Premier Laurent Fabius formally submitted his government's resignation and used the occasion for a touch of political prophecy. Said he: "We will be back...
...smashing Wall Street rally that started last fall, even the long-moribund technology stocks have come back to life. Since October, according to the California Technology Stock Letter, shares in its index of 30 high-tech companies have climbed about 22%. Cashing in on that market strength, Microsoft, the second-largest independent manufacturer of computer software (1985 revenues: $163 million), announced last week that it will make an initial public offering of 2.5 million shares in March. The Bellevue, Wash., company hopes to garner $16 to $19 for each share. Microsoft may serve as a bellwether of the high-tech...
...black Daimler attracted a crowd as soon as it pulled up last week near the burned-out hulk of what had been a postal substation in Birmingham, Britain's second-largest city. Out of the limousine stepped Home Secretary Douglas Hurd, anxious to show his concern. "I'm just here to listen," Hurd told a crowd of residents of Handsworth, one of Birmingham's poorest neighborhoods. But the crowd was in no mood to talk. Hurd was showered first with jeers, then with rocks, and was hustled to safety by police...
...same time, IBM is treading on AT&T's territory. The computer giant made another move into the $50 billion U.S. market for long-distance service when it announced plans to buy up to 30% of MCI Communications of Washington, whose $2 billion in revenues makes it the second-largest long-distance company after...
...become still more competitive with IBM in its backyard of computers, the telephone company is expected by industry analysts to go shopping for a major acquisition of its own. Among the most frequently discussed possible targets are several prominent data-processing firms. They include Digital Equipment, the second-largest maker of computers, and Amdahl, a manufacturer of mainframe machines...