Fortune Magazine Releases Global 500 List the Fleming Cos., Phillips Petroleum Co. Rank in the Top 300 of the World's Biggest Companies
Glanton, Eileen, THE JOURNAL RECORD
NEW YORK -- Small can be sweeter, even for the world's biggest companies.
Having stripped down in the past few years, Fortune magazine's Global 500 list saw profits soar 25.1 percent in 1996, even as revenue barely budged.
There's also a new No. 1, albeit a familiar one: General Motors Corp. jumped to the top of the list released Tuesday, bumping Mitsubishi to No. 4. The Global 500, which combines the biggest industrial and service companies in the world, ranks companies by revenue. Together, the 500 took in $11.435 trillion last year, led by GM and No. 2 Ford Motor. But that's up only 0.5 percent from 1995, the smallest increase since the first Global 500 list …
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Publication information: Article title: Fortune Magazine Releases Global 500 List the Fleming Cos., Phillips Petroleum Co. Rank in the Top 300 of the World's Biggest Companies. Contributors: Glanton, Eileen - Author. Newspaper title: THE JOURNAL RECORD. Publication date: July 16, 1997. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
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