Word: dropping
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...bottom line, given the parent company's $65 billion in sales. But owning Rolls-Royce gives BMW prestige and bragging rights. It proves it can sell cars that sweep the breadth of the market, from budget to budget-busting. Should the world's economy sputter and car sales drop off a cliff, "Rolls-Royce would probably be the first thing to go," Rhys says. But for now, like that iconic spirit of ecstasy that makes up its hood ornament, Rolls-Royce looks poised to speed ahead...
...Democrats declined to campaign against Iowa Senator Tom Harkin, who handily won his state but later became one of the first candidates to drop...
Although Katzive predicts the loonie will drop below par by the end of 2008, that may be too little too late for many. "No one can adjust cost and pricing fast enough," says Jayson Myers, president of Canadian Manufacturers & Exporters, the country's largest trade and industry association, referring to the loonie's 18% run-up over the past 10 months. "We're going to see more manufacturers close down as a result...
...same time, auto-parts makers are expected to see profits drop nearly 41%, to about $1 billion in 2007, according to the Conference Board of Canada, a leading economic-research group. Not everyone is equally affected. "You have to be smart to offset the impact of foreign-exchange fluctuations," says Mark Hogan, president of Magna International, based in Aurora, Ont. The $24.2 billion company--a strategic supplier to the world's leading automakers with operations in North America, Europe and Asia--moved more than 300 jobs from Canada to Mexico in the past two years in anticipation of a stronger...
...editors to feature France's Olympic swimmer Laure Manadou on page one. "This is a big bone of contention," Charles Jaigu, who covers Sarkozy for Le Figaro, told TIME on Monday. "But it is a new fact that we have to deal with." That new reality includes a sharp drop in advertising revenues at the paper, as well as other publications, as they compete on the newsstands with numerous flashy gossip magazines...