Word: overhaul
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Although an overhaul of the Holyoke Street building—which has housed the Hasty Pudding Theatricals’ annual productions since its construction in 1888—was originally slated to begin in May 2002, it has since been pushed back to 2005. The College purchased the dilapidated structure from the Hasty Pudding Theatricals...
...many might have imagined and may no longer be able to write his own exit lines. And they revived plans, long abandoned, of a badly needed reform of the nation's numerous, mysterious, overlapping and often quarrelsome intelligence agencies. Bush had shelved the idea of a massive, one-time overhaul after 9/11, lest the undertaking distract the nation's spooks from their job of protecting the country from further calamity. But if the resulting work has not been effective, as Kay's findings suggest, there's little reason to put off a fix much longer...
While Breen's overhaul is improving margins, Tyco is still "a little behind the curve," says Joel Levington, an analyst at Standard & Poor's. He notes that Tyco's recent gains in efficiency had been accomplished by most other industrial manufacturers several years earlier. Once Tyco catches up, it will have to find ways to drive organic growth--increasing revenue by adding customers and developing new products, rather than just finding one-off savings by streamlining business models. Healthcare has already started to do that, but Tyco's other business units have further to climb. Still, a sustained rebound...
America's no. 1 automaker has gone for an overhaul of its fleet, unleashing 29 new or updated models. The company hopes to entice young buyers with zippy entries like the Chevy Cobalt. Replacing the aging but best-selling Cavalier, the compact Cobalt offers extras--heated leather seats, an MP3 player and a power sunroof--that should help it compete with the more upscale Honda Civic and Volkswagen Jetta. But the upgrades aren't just aesthetic: relatively large 15-in. tires come with the coupe and the sedan, and a peppier, 170-h.p. engine will be standard on the coupe...
Ultimately, even the most ambitious overhaul will not be enough to keep some types of manufacturing in the U.S. When the semiconductor industry moved to a different type of fabrication standard, Agere Systems found itself with 6,000 employees in the Lehigh Valley and an obsolete plant. Over the past three years, the $2 billion company has shifted its manufacturing to Florida and Singapore and reduced its head count in the valley to 2,500. Although Agere has made a commitment to keep its design and testing operations in the area, recently bringing 600 of those jobs to Allentown...