Word: ibm
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...Carnesale is an enormously able and gifted administrator," IBM Professor of Business and Government Roger B. Porter said last spring...
...IBM and Apple agreed to produce a personal computer that would operate the software of either company, but industry analysts were skeptical, noting that a common software system had yet to be approved...
...against hyperinflation and the sudden devaluation of their own currencies. In some cases, it is also the only way to do business. Taxi drivers in Almaty, the capital of Kazakhstan, prefer their fares in dollars, as do some restaurants in Kiev and St. Petersburg. Says a Russian importer of IBM computers, pulling a thick wad of $50 bills from his pocket: "What do I need rubles for? I want real money...
...sounds at first like another cruel tale from the world of corporate layoffs. Young IBM personnel specialist, 36, loses his job last July in cutbacks at the troubled computer giant. In dismay over leaving IBM -- the company where both his parents spent their careers -- young man plunges into the harsh job market. But there the miraculous happens: after a flurry of interviews, he is hired by Electronic Payment Services, a start-up Delaware company that processes credit-card transactions, for substantially more than his old salary. "I never knew how marketable I was," says Peter Dychkewich, the hero of this...
...good fortune reflects the astonishing strength and diversity of U.S. service industries, which account for 70% of the country's economic activity. Even as manufacturers such as IBM and General Motors shed workers by the tens of thousands, service providers from banking to health care are taking on new employees. Just last week the Labor Department reported that service companies created 153,000 new jobs in October. That dwarfed the 40,000 positions that manufacturers added and helped reduce the unemployment rate to 5.8% -- the lowest in four years...