21.   Microsoft will keep its separate subsidiaries in China and Taiwan while centralizing management in Hong Kong.

22.   New England Electric had some advantages when it jumped into the deregulation fray, namely lower costs and a separate subsidiary holding its power-producing facilities.

23.   On Tuesday, Apple confirmed reports that it has decided not to spin off its Newton hand-held computer business into a separate subsidiary.

24.   Omico and Arcon will establish each hotel under a separate corporate subsidiary whose capital stock they will divide between themselves.

25.   Plans call for Macys.Com to be a separate subsidiary of Federated.

26.   Separate Euram subsidiaries hold actual title to foreclosed properties.

27.   Sherritt last year split off its Cuban businesses into a separate subsidiary, Sherritt International, to protect the parent company from U.S. lawsuits.

28.   Some bank holding companies, for example, have been forced to create separate subsidiaries in each state in which they operate.

29.   Smith also sees the day when drugmakers, through separate subsidiaries, could manage care for people with diabetes, asthma or other chronic diseases.

30.   Staples said it will run Quill as a separate subsidiary.