Word: businessese
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On Monday, an auto industry consulting firm, Planning Perspectives Inc., reported that 68% of participants in a survey of executives for industry suppliers said their companies would have to downsize if General Motors declared bankruptcy, while 12% said their businesses would likely close or would definitely do so. In the...
Experts say the suppliers most vulnerable to collapse are those whose businesses are heavily dependent on the ailing U.S. automakers, or on raw materials for which rising costs cannot be easily passed onto the automakers. Kimberly Rodriguez, automotive industry analyst at Grant Thornton, says concern about how suppliers will be...
Nope, it's the specter of a scary, skeletal, credit-crunched holiday season that has Brits collectively behaving like Scrooges, unmoved by the government's newly unveiled 20 billion pound fiscal stimulus package and a cut in value-added tax. And unless retailers persuade consumers that redemption - for individuals, for...
Both businesses had attracted criticism for their sluggish response to changing consumer tastes, but it didn't matter much in fat years - and British retailers have enjoyed some very fat years. In June, government figures showed that free-spending British families had racked up debts equivalent to 173% of their...
The hostage situation remains very unclear. There are believed to be some 25 civilians trapped in the Taj, 40 at the Oberoi hotel, and perhaps 10 in the Colaba Market neighborhood. But in each place some of those people may be trapped rather than hostages. Authorities have cordoned off each...