Ten years ago: Texaco Inc., fighting an $11 billion judgment in favor of Pennzoil Co. stemming from Texaco’s acquisition of Getty Oil Co., filed for federal bankruptcy protection. Texaco later settled with Pennzoil for $3 billion.
Five years ago: After five years in the making, Euro Disneyland, a theme park costing $4 billion, opened in Marne-La-Vallee, France, amid controversy as French intellectuals bemoaned the invasion of American pop culture.
One year ago: President Clinton named U.S. Trade Representative Mickey Kantor to succeed the late Ron Brown as commerce secretary.
sponsored Jargon is confusing, by definition. And the financial world has its own set of cryptic words.