Word: downturns
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...outright global recession, economists concede, is still a real possibility. "The risks of a deeper, wider, more prolonged downturn have escalated," the International Monetary Fund reported in its most recent global forecast; the Commerce Department said last month that in August the trade deficit ballooned $2.2 billion, to $16.8 billion. Warning signs abound that this involves more than just collapsing Asian and Latin American markets. After years of low unemployment, a number of major U.S. companies have responded to their earnings troubles with year-end job cuts, among them Merrill Lynch (3,400), Raytheon (14,000), LSI Logic...
...mostly FORTUNE 500 execs, the mood might have best been described as resolute, reflecting a determination to make the best of what most of the attendees regard as a fast-approaching worldwide recession. A survey of 75 of the council's 300 CEOs showed that 95% expected the global downturn to have some negative effect on their earnings. More telling, 64% were planning cost-cutting measures that included less hiring, and 57% expected to reduce capital spending significantly. Yet there was a buoyant sense that the U.S. would ride it out. "I don't think the economy is capable...
...Atlas Asia-Pacific, which distributes paint and automotive oil in Asia, management used a combination of work-force reduction and other strategies to save itself from diving markets overseas. Atlas, of Burlingame, Calif., suffered a catastrophic 65% drop in sales this year. The downturn led the company to lay off four of its 16 employees and to slash its travel budget from $450,000 to $75,000. With the help of its suppliers, Atlas cut the cost of its products in order to keep its struggling customers. "It's been the most difficult time in our history...
...large equipment purchases in December and to start full production in February. He says he's not bothered much by what is going on around him. "I'd always assumed we would be dealing in a very volatile market," he says. "I knew there was going to be a downturn. I just didn't know it was going to be as large as it was in Asia." McCarthy, who says he factored a market crash into his plans from the start, may have hit upon the boldest approach to the new global economy: Damn the torpedoes! Full speed ahead...
Officials with the AAMC are uncertain about the cause of the recent downturn, which follows eight consecutive years of increasing medical school applicants...