Word: consumerized
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Corporate fear stems in part from sliding consumer confidence, which this week hit its lowest point ever recorded. "Consumers have been impacted by a serious downturn in every form of wealth and income that supports consumer spending, and battered by high levels of volatility in their stock accounts," says Stuart...
Some sectors are getting hit harder than others. At the beginning of October, analysts were expecting the materials sector, which includes big mining and steel companies, to be up 29% for the fourth quarter. But that collective estimate is now -12%, a nosedive resulting at least in part from tanking...
Andy Warhol infamously said, “Everyone will be famous for 15 minutes.” By now Warhol has contradicted his own statement: his celebrity—and more importantly his artistic influence—has lasted for over 50 years.To commemorate what would have been his 80th...
Meanwhile, Chrysler plans to cut 25% of its 18,000 nonunion salaried workforce before Christmas. In an e-mail to employees, Nardelli said the layoffs would be handled as humanely as possible as he urged employees to retire or accept buyouts. Cash for the buyouts will apparently come from the...
The new survey, called the Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS), was created by a public-private partnership including the Centers for Medicare and Medicaid Services and the federal government's Agency for Healthcare Research and Quality. It was conducted in about 60% of all U.S. hospitals...