Word: forecast
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With some of its biggest rivals in disarray, Hyundai sees an opportunity to build on its progress overseas. Slammed by rising costs and slumping U.S. sales, General Motors recently shocked investors by reporting a $1.1 billion first-quarter loss, and Ford has downgraded its 2005 profit forecast. Chung is determined to keep the pressure on. He's moving Hyundai's product line into larger, higher-profit vehicles. In October, Hyundai unveiled a small sport-utility vehicle, the Tucson. Later this year the company will launch a new high-end sedan for the U.S. market, the Azera, and early...
...membership, in 1992; a poll in 2001 shelved the possibility of membership talks even though around two-thirds of the country's exports head into the E.U. Instead, Bern has crafted bilateral deals with Brussels governing trade and commerce. But does Swiss cherry-picking pay off? While economists forecast slow growth this year of a little over 1%, unemployment is 3.7%, well below rates across all 25 E.U. states. And Switzerland 's GDP per capita trumps its near neighbors', according to the O.E.C.D. For firms operating in the country, that's a sign of "stability in the workforce," says Matt...
...sure he was an Arab." If that is indeed the case, then it would point to al-Qaeda. While the Taliban have denied involvement, Muslim claims the authorities "have evidence that the Taliban were at least indirectly involved in this attack, as well as al-Qaeda." If so, the forecast for summer is beginning to look increasingly ominous...
This is the $64 billion question of the 21st century's first boom: Are today's real estate revelers partying like it's 1999--just before the stock-market bubble burst? To Edward Leamer, economist and director of the UCLA Anderson Forecast, the housing market, especially in hot coastal areas, is a bubble just as ripe for popping. "We've had a more than doubling of housing prices in the past three years here in Southern California, for instance, and there's no fundamental driving it," he says. "There isn't some big crush of people coming to California. That...
...American online stockbrokers. Sliding trade volumes and fierce competition for fees point to "further consolidation" among America's online brokerages, Joe Ricketts, chairman of Ameritrade Holding, admitted last week. Ricketts hailed his firm as "a leader in consolidating this industry." But not everyone agreed. Hours after Ricketts' forecast, rival E*Trade Financial confirmed it had placed an unsolicited $6 billion bid for Ameritrade - but to no avail. Ameritrade "is not for sale," Ricketts said. So where else might online firms be looking to unite? Expect a shake-up of the Internet gambling market, says Chhabra. Gibraltar-based PartyGaming, the company...