Word: ge
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Dates: during 2000-2009
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While some 120 insurance companies offer LTC, the top 10 to 12 companies, which include John Hancock, Conseco and GE Capital, write 80% of the policies. "The policies have moved away from the dreaded nursing home toward community-based care," says Timothy Otto, president of M and O Marketing, an insurance brokerage in Dearborn, Mich. "What most people want is to stay at home...
...that it will be three to five years before tech stocks dazzle again. Too many investors bought tech near the top, and they'll be selling into rallies for years, he says. Further, the tech-spending slowdown is gaining momentum. "A decline in IT spending by big companies like GE and Morgan Stanley hasn't even happened yet. It's going to," Biggs says...
Incidentally, Bush was elected by scarcely more voters in Florida than there were members of the Harvard Board of Overseers who met Sunday on the 64th floor of the GE building in Manhattan to vote unanimously for Summers. This slim mandate means a soured economy, and no tax cuts may prompt voters to turn against Bush in the polls for his inability to stop the market slide. Perhaps he'll call on Baker Professor of Economics Martin S. Feldstein, another world-renowned economist who, like Summers, used to work in government but has since returned to the Academy. If Feldstein...
...government and culture where real responsibility generally arrives at around 60. Zhou's years of studies in the U.S. were what qualified him for his last job, as the guy in Shanghai responsible for playing host to foreign big shots, such as Microsoft's Bill Gates and GE's Jack Welch. Zhou picked up their style. But his politics are old China...
...numbers are getting ugly. Outplacement firm Challenger, Gray & Christmas says announced job cuts for December were the highest since the firm began tracking them in 1993. And January's are bound to be even higher. General Electric is poised to idle 75,000, according to BusinessWeek Online, though GE disputes that figure...