Global 500 rank: 256 (Previous rank: 261)
2006 loss: $1.1 billion
The German conglomerate sold off its manufacturing business last year to focus solely on shipping and tourism. While a weak travel market hurt profits at TUI, Europe's largest tourism company, the loss was the result of a one-time restructuring charge. This year TUI bought the No. 3 tourism shop in Europe, Britain's First Choice Holidays, to strengthen its lead as competition grows.
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