Word: downturned
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...growth. Introduced to the market only five years ago, it is scheduled to break-even by the end of this year, and has reported a threefold increase of revenue from the same time last year. Its subscriber base has climbed 124 percent since last year as well. With the downturn in the economy and dwindling advertising budgets, TiVO has the potential to severely undermine television advertising as we know...
...yellow flags emerging? Sure. Last month's 3.6% downturn in housing starts and 11.7% drop in existing-home sales came just after homebuilding companies like Toll Brothers and Ryland saw their stocks sag for the first time in a year. But keep in mind that contractors and banks became more cautious about overbuilding after they were scorched in the savings-and-loan fiasco of the late...
History may not repeat itself, Mark Twain said, but it often rhymes. As the markets growled, historians recalled the grisly years of 1973-74, a downturn driven not just by a sick economy but by disillusion over everything from Vietnam to Watergate. This too is a summer not of one scandal but of many--the Roman Catholic Church, and the FBI, and Major League ballplayers on steroids. Comedians joke that Arthur Andersen tries to cover up corruption by rotating accountants from diocese to diocese, that Enron and K Mart will merge so Martha Stewart can design the prison uniforms...
...History may not repeat itself, Mark Twain said, but it often rhymes. As the markets growled, historians recalled the grisly years of 1973-74, a downturn driven not just by a sick economy but by disillusion over everything from Vietnam to Watergate. This too is a summer not of one scandal but of many-the Roman Catholic Church, and the FBI, and Major League ballplayers on steroids. Comedians joke that Arthur Andersen tries to cover up corruption by rotating accountants from diocese to diocese, that Enron and K Mart will merge so Martha Stewart can design the prison uniforms...
...time for the drug industry to pop an anti-anxiety pill. Twenty-nine U.S. states sued Bristol-Myers Squibb, alleging it blocked cheaper versions of its breast-cancer drug Taxol. The Banking Blues UBS Warburg will cut 10% of its London investment bankers because of the industry-wide downturn in trading. This is only the latest round of cuts to hit the financial sector, which lost about 25,000 staff last year. INDICATORS Breaking Windows' Hold Dell Computer, Oracle, and Red Hat are teaming up to sell computers running Linux, the free "open source" operating system. The announcement came just...