Word: downturn
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Following the recession and economic downturn from Sept. 11—which cost the school millions in cancellations for its executive education programs—the school could no longer finance large overhead costs of several of its centers and research projects. It cut 47 staff and adjunct faculty positions, and Nye now meets quarterly with the Harvard Corporation to review financial plans...
...this week it hopes to announce the sale of its custody business for up to [EURO] 1.2 billion. Still, it will take more than that to regain the confidence of investors, who've sent shares in Germany's three largest banks plummeting since the start of the economic downturn. A brief rally last Thursday suggested that, after the poor third-quarter announcement, Deutsche might be a takeover target. But the next day, shares fell again. "At the end of the day," says Sen, "the banks are still exposed to Germany...
While the economy and Lewis’ letter have been blamed for everything from PBHA shortfalls to a downturn in Undergraduate Council candidates, some students also acknowledge that a stern Sept. 8 speech by Dean of the Faculty William C. Kirby to the Class of 2006 may have played a role in decreased participation by first-years...
...president of the Brussels commercial tribunal declared Sabena bankrupt. "Until the last day we believed it would be impossible for Sabena to go bankrupt," says Karel Gacoms, a leader of the powerful metalworkers' union, who acknowledges that labor bears some blame for the collapse. But the post-Sept.11 downturn didn't kill Sabena. Corporate misconduct did. As the commission has dug into company files, it has unearthed troubling details about a range of decisions, most notably the Airbus deal. Sabena was a longtime Boeing customer and a group inside Sabena lobbied hard to buy Boeing planes. But Swissair flew...
...selling personal-finance author Suze Orman. "When you lose it, you lose part of yourself." That may be true, but an economic setback can also give families an opportunity to figure out what really matters in their lives. And some are finding that there can be upsides to the downturn...