Part 2 News Reports For the second year in a row,the General Electric Corporation is ranked number one in an annual survey of the 100 most powerful corporations in the world The survey,compiled and published by Forbes business magazine,shows General Electric of the United States ranked number one,followed in second and third place by the U>S>banking and financial services giants Citigroup and Bank of America.In fourth and fifth place are British-based HSBC Banking Company and Diamler-Chrysler,the German-American auto-company.The companies are ranked with a composite formula,which includes total sales,profits,assets and market capitalization,or the total value of its (their)stock.What the magazine calls its "Super 100 Global" list are 46 companies based in the United States and 54 in Europe and Japan. Mike Ozanian,the Forbes editor who compiled the list,says. there is a growing trend of international mergers and acquisitions, citing companies such as Daimler-Chrysler and BP-Amoco,the Anglo- American Oil Company.Mr.Ozanian says that despite the huge capitalizations of many Internet-related firms,none were included because most have little,if any,profits-at least not yet.Part 2 News Reports A For the second year in a row, the General Electric Corporation is ranked number one in an annual survey of the 100 most powerful corporations in the world. The survey, compiled and published by Forbes business magazine, shows General Electric of the United States ranked number one, followed in second and third place by the U>S> banking and financial services giants Citigroup and Bank of America. In fourth and fifth place are British-based HSBC Banking Company and Diamler-Chrysler, the German-American auto-company. The companies are ranked with a composite formula, which includes total sales, profits, assets and market capitalization, or the total value of its (their) stock. What the magazine calls its “Super 100 Global” list are 46 companies based in the United States and 54 in Europe and Japan. Mike Ozanian, the Forbes editor who compiled the list, says there is a growing trend of international mergers and acquisitions, citing companies such as Daimler-Chrysler and BP- Amoco, the Anglo￾American Oil Company. Mr. Ozanian says that despite the huge capitalizations of many Internet-related firms, none were included because most have little, if any, profits- at least not yet