CNN (April 2)
“GE once did almost everything for the typical American family…. No longer. With Tuesday’s split into two companies, the break up of the once mighty industrial icon is complete.” Founded in 1892 by Thomas Edison, GE was “built into the world’s largest and most valuable company by the once legendary, but now oft-criticized CEO Jack Welch” before floundering during the 21st century.
Tags: 1892, Break-up, CEO, Criticized, Edison, Floundering, GE, Industrial, Largest, Legendary, Most valuable, Split, U.S., Welch
New Yorker (May 26)
“Big Oil’s Bad, Bad Day.” On May 26, “crushing blows to three of the world’s largest oil companies… made it clear that the arguments many have been making for decades have sunk in at the highest levels.”
Financial Times (February 3)
“The pandemic’s devastating impact on Big Oil was illustrated yesterday when some of the world’s largest energy groups reported record annual losses, marking a brutal 12 months of an industry under mounting pressure to speed up a transition to cleaner fuels.”
Tags: Big oil, Brutal, Cleaner fuels, Devastating, Energy, Impact, Largest, Losses, Pandemic, Pressure, Record, Transition
Bloomberg (July 3)
“Much more than survive the pandemic lockdown, the largest American companies are seeing their advantage widen drastically as a result of it, with investors flocking to anything with size and stability.”
Reuters (September 24)
“Hedge funds are betting big against sterling, the most since May last year. And following last week’s Brexit debacle in Salzburg, that bet will probably be even bigger now, closing in on the largest on record.”
Mother Jones (July 12)
“One of the largest icebergs ever recorded broke off Antarctica’s Larsen C ice shelf…permanently altering the coastline of our planet’s frozen continent. Twice the size of Long Island and packing a trillion tons of ice—fully melted, that’s enough water to fill Lake Michigan—the newly birthed iceberg seems like a perfect symbol for our overheating world.” And yet, that is slightly misleading. Other than posing a shipping hazard, “as long as the parent ice shelf remains stable, A68 should have no measurable impact on the rest of the planet.”
Tags: A68, Antarctica, Hazard, Ice shelf, Iceberg, Largest, Larsen C, Melted, Overheating, Ships, Stable
