Word: downturn
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...tech industry in which news seems to trudge to the same dreary drumbeat--a relentless sales downturn, profits stagnant at best, venture capitalists with their wallets shut tight--at least Larry Ellison can still come up with a surprise. The founder of Oracle--one of the world's richest men, with company stock worth more than $17 billion--spent last week pushing a hostile bid to take over rival business-software firm PeopleSoft for a lowball price of $16 a share--about 50¢ less than the market value of the stock. Neither analysts nor competitors seemed sure whether to take...
...Guppi, a trendy bar in the Prenzlauer Berg neighborhood, complains that there has been no growth in his business. "People come here but consume less," Stolz says. "I have let part-timers go because I can't afford them anymore." Stolz, 37, sees a plus side to the downturn: mediocre night spots can no longer make it and only the quality places survive. Josef Laggner, 37, owner of the Lutter & Wegner restaurant in East Berlin, says he has to seek out customers. "West Berliners don't go out to dinner very much anymore and East Berliners stay in their neighborhoods...
While the economic downturn has closed some doors to graduates this year, the change had positive aspects...
...effects of the economic downturn have landed a softer blow in Cambridge...
While careful fiscal management will help Harvard muddle through the current downturn, its ambitious plans will require skeptical donors to open their checkbooks during lean times...