He put Mr. Lesar, a top executive at Halliburton's biggest subsidiary, in charge of daily operations.

The Boston-based company said deep losses at McCaw's cellular subsidiary contibuted to its loss.

The company, one of Japan's leading chemical concerns, blamed lower earnings at its pharmaceutical subsidiary and other units for the downward revision.

At Caterpillar's Brazilian subsidiary, a six-year, $300 million investment has cut the average assembly time for a tractor to three days from five.

Compulsory rural work for graduate trainees at Unilever's Indian subsidiary is one example of corporate social responsibility going global.

The Bank of America made him an assistant vice president at its international subsidiary on Wall Street in 1964.

One of the first things Sprint did at its new subsidiary was lay off 70 workers, claiming their Social Security numbers were "irregular."

They are doing much the same at Brother's headquarters in Nagoya, Japan, and at its American subsidiary.

In his response, he said management positions at Nomura's subsidiary were filled on a temporary, rotating basis by Japanese employees from the parent company.

But the new regulations were tied to an annual rate reduction of $391 million, which cut earnings and revenues at Pactel's main subsidiary, Pacific Bell.