1.   It also has fewer subsidiaries to shunt bad debt into.

2.   AlliedSignal has subsidiaries in the aerospace, automotive and engineered materials industries.

3.   Apart from serving d imarkets, Gas Natural has subsidiaries in Argentina, Chile and Colombia.

4.   Apart from serving the domestic consumer and industrial markets, Gas Natural has subsidiaries in Argentina, Chile and Colombia.

5.   Bad loan worries also hurt brokerages, which have finance subsidiaries that suffer from mountains of defaulted debt.

6.   Banks are now allowed to have operating subsidiaries with broad powers, but their reach remains undefined.

7.   Both Billa and Rewe already have subsidiaries in Hungary, the Czech Republic and Poland, as well as Italy.

8.   Alcan has two subsidiaries in Thailand that make packaging, construction and automotive products.

9.   Both manufacturers have three subsidiaries each whose operations will remain independent.

10.   CCH also has subsidiaries in Australia, Canada, the United Kingdom, New Zealand, Singapore and Japan.