Word: second-largest
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...lava spilled down blackened mountain slopes in thick rivers of gleaming marigold fire, looking demonically magical, an apprentice sorcerer's wish for gold gone awry. At week's end the menacing wall had oozed to within four miles of Hawaii's second-largest city, Hilo...
...forces, which clung tenaciously to Majnoon oilfield. At week's end military officials in Baghdad claimed that Iraqi forces had also destroyed four oil tankers and commercial ships near Kharg Island, the major terminal for Iran's oil exports. Along the border near Basra, Iraq's second-largest city, troops loyal to the Ayatullah Ruhollah Khomeini massed for yet another offensive. Iraq appeared to have lost a bit of its much vaunted technological edge with the news that one of the five Super Etendard fighter-bombers it had bought from France had been damaged in a training...
...Steel, as the merged company will be called, will replace Bethlehem Steel as America's second-largest producer, J. Paul McGrath behind U.S. Steel. After some inefficient operations are phased out, the new firm will have the capacity to produce 19 million tons annually and will concentrate on flat-rolled, bar, stainless and tubular steel. Its headquarters will be located at Republic's Cleveland offices...
International Harvester. The second-largest maker of farm implements in the U.S., after Deere, was all but plowed out of business in 1980 and 1981. Sales were erratic down on the farm, and losses piled up; by 1981 Harvester had an accumulated debt of $3.5 billion. Recalls Chief Financial Officer James Cotting, 50: "The most difficult time was when I had to go tell the banks, 'I know x million is due tomorrow, and we're not going to be able to pay.' " Says he of his company's ensuing comeback: "In my heart, I always...
...approved some of the biggest corporate mergers in history: Du Pont and Conoco, U.S. Steel and Marathon Oil and, tentatively, Texaco and Getty. Last week, in a stunning reversal, it blocked the planned marriage of LTV and Republic Steel. Proposed in September, the deal would have created the second-largest steel company in America, behind U.S. Steel. Assistant Attorney General J. Paul McGrath, named two months ago to succeed William Baxter as the Justice Department's antitrust chief, said the merger would violate the Clayton Act, which bans excessive concentration in any industry...