Word: inc
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Dates: during 2000-2009
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...Adds Takako Hosomi, president of Princess House Inc., whose clients demand that their living spaces be transformed to mimic 18th-century European palaces: "It's every girl's dream to wake up on a splendid canopy bed with a kiss from a handsome prince...
...Indeed, quarterly results emanating from Japan Inc. last week sounded like a dirge: Honda lowered its profit forecast for the fourth time this year; Panasonic, the world's largest maker of consumer electronics, is slated to post a loss of at least $1 billion in its current fiscal year, its largest ever; and Toshiba, one of the world's largest producers of memory chips, and computer maker NEC Electronics also forecast big losses...
...greater reductions may be needed as the global economic slump deepens. Toyota's plight illustrates the challenges faced by Japan Inc. The company recently achieved its long-standing goal of surpassing GM as the world's top automaker - only to run head-on into a recession far more severe than anyone anticipated. With its global sales down 4% last year, Toyota has already announced a management shakeup as well as plans to temporarily close factories for an additional 11 days over the next two months. The goal is to slash output to less than half the number of vehicles Toyota...
...Looking at Japan Inc. as a whole, BNP Paribas' Shiraishi expects production levels to hit bottom in the second quarter of this year, and says some recovery might be seen in the second half of this year. Shiraishi adds that manufacturers could start growing again around 2012, when a wave of Japan's baby boomers will reach age 65 and begin to spend their nest eggs. "They've been saving a lot to prepare for their retirement," says Shiraishi. "That could be a stabilizing factor for Japan." One catch, he says: they probably won't buy more cars...
TANIA LUNDEEN, Ty Inc. spokeswoman, claiming the $9.99 dolls are not named after the First Daughters...