Word: laggardly
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...another. Says Jerry Jasinowski, chief economist for the National Association of Manufacturers: "We're in the eye of a hurricane right now. All the usual indicators aren't very useful in telling what's going to happen next." While the consensus is that growth will slow to a laggard 1% or 2% early in 1988, there are no concrete signs so far of a drastic consumer-spending slowdown. Last week the Commerce Department reported that retail sales during October were up .7%, not including autos. Even with car purchases, which declined because of an end to rebate promotions, sales were...
...play David to the Goliath Times (circ. 1.1 million), with its 850 staffers and annual profits of $200 million. Though the Herald has much to commend it, including playing up local stories and sometimes producing sprightlier writing than the Times, Hearst seems unsure what to do with its laggard child. Company officials, especially Robert Danzig, general manager of Hearst newspapers, are chronically indecisive about a redesign, despite having commissioned five prototypes over the past eight years, including versions of a tabloid format favored by Acting Editor John Lindsay. He quit in disgust in February. Lindsay is not alone; the positions...
...Reagan Administration, which has complained strongly about Mexico's apparently laggard efforts to catch the murderers, was quick with praise. The arrest came only five days after the capture in San Jose, Costa Rica, of another Mexican drug kingpin, Rafael Caro Quintero, 29, who had fled shortly after the murder of Camarena and his Mexican pilot Alfredo Zavala Avelar. Caro Quintero was deported to Mexico and last week was charged in a Mexico City court with drug trafficking, arms smuggling and criminal association. Authorities have not yet determined whether he is to be charged with murder...
What Capital Cities is buying is the TV network that, despite its laggard ratings, is America's most consistently profitable. From 1977 to last year, ABC led CBS and NBC in pretax earnings and revenues, a sharp improvement from its early years of being the network everyone joked about (see following story). In 1984 ABC's pretax profits were $428 million vs. $409 million for CBS and $218 million...
...subsidiary for $240 million. But Araskog's time is running short. Two weeks ago, Minneapolis Investor Irwin Jacobs snapped up more than 3 million of ITT's 139 million outstanding shares. No one knows whether Jacobs has a power grab in mind, but his usual prescription for laggard companies like ITT is clearly spelled out in his nickname: "Irv the Liquidator...