Word: behemoths
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Dates: during 2000-2009
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...Toyota, the industry behemoth, just recorded its seventh consecutive month of declining sales, and the company's second-quarter net profit plunged nearly 70%. Toyota has cut its earnings forecast for the fiscal year ending March 2009 to $6 billion, which is just one-third the profit it made the previous year. "You are looking at the deepest downturn that Japanese automakers have ever seen," says Chris Richter, senior research analyst at CLSA, a Hong Kong-based brokerage house. "They've faced downturns before, but not downturns in virtually every global market simultaneously. Even Honda Civics and Toyota Priuses aren...
There's a fair share of defensive in these documents, but also a decent amount of penitence. It's fascinating to see these behemoth companies admitting that they've made mistakes in the past and realizing that they need to shift production to smaller, more fuel-efficient vehicles (though it does seem as if they're just tossing that in there because such talk is all the rage these days). Who knows how much is genuine. Can giant corporations be genuine about stuff like that? Yet the case is also effectively made that the failure of the Big Three would...
Citigroup may soon get all the sleep it needs. Investors are growing increasingly concerned that the global financial behemoth could go the way of Bear Stearns, Lehman Brothers and Merrill Lynch. Shares of the company, which was once the world's largest bank, closed at $3.77 on Friday. The company's board members reportedly met on Friday and will continue to talk over the weekend to discuss the firm's options. There are a number of possible outcomes, not all of which conclude with the end of Citi. "Somehow they need to get the price of their stock up," says...
...Kids have already made this love saga a multimedia sensation, with 17 million copies of the Twilight tetralogy in print and with the CD of the movie sound track at No. 1 on Billboard's chart. Could this be a Harry Potter-like pancultural behemoth? (See the 100 best novels of all time...
...Woolworth & Co. in 1912 put the firm on the map. And from there, Goldman--long stigmatized as an outsider "Jewish" firm by its white-shoe rivals--plows on, evolving from what Ellis terms a "marginal eastern U.S. commercial paper dealer" into a global-trading, investment-banking and financial-services behemoth...