Word: forecasts
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...loan guarantees offered by the British government in January, for instance, should boost struggling carmakers' access to much-needed credit to fund areas like research and development. In London on March 11, British carmakers and banks gathered to kick-start the distribution of the loan guarantees. With car registrations forecast to slide 20% in Britain this year, the government will be hoping that it can still save its auto factories, and the jobs that go along with them, from the scrap heap...
...economy is not nearly as dependent on trade as Japan's. Nonetheless, the contraction of world trade is hitting the U.S. too. This is a global recession - the World Bank has forecast that the global economy will shrink this year for the first time since 1945 - and it needs global solutions. When world leaders meet in London in April, they will be trying to coordinate a tide that lifts all boats...
...appeared to prosper, the second-largest conglomerate in the U.S., United Technologies (UTX) said it would fire 11,600 people and cut its financial forecasts. In the current environment, it may be considered shrewd business to cut the payroll. However UTX's management did not inspire confidence when it revised its forecast down sharply...
Hidden among the verbiage were two parts of the economic forecast which mattered most. One was that almost all indications show credit tightening, "Unless we start seeing a reversal of the widening of a lot of these credit spreads, any equity rally is going to be short-lived," said David Lutz, managing director of institutional trading at Stifel Nicolaus, in an interview with CNBC...
...prevailing fog that has occluded the administration’s plans for J-term lifted momentarily this past weekend, but the forecast looks bleak nonetheless. At a question-and-answer session for junior parents this past Friday, Dean of Undergraduate Education Jay M. Harris informed parents that housing at the College during January of next year—which will no longer host reading period or exams—might only be granted to international students, athletes, and other special-interest groups. This sudden revelation is emblematic of the disturbing mixed signals that the student body is now receiving about...