Word: overhaul
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...relatively short working hours and high pay, in contrast to what they see as a more cutthroat, competitive American way. But as global competition grows, European firms are under pressure to trim costs. Private-equity transactions--in which investors buy up a company using substantial amounts of debt, overhaul operations, then sell out after a few years--have been common for years in the U.S. and Britain. They used to be the rare exception in continental Europe, where financial leverage has long been frowned on and relationships with investors were based on tradition. No longer...
Cassell intends to keep these operations running during renovation, which could begin as soon as next spring, provided he reaches an agreement with Halperin and secures the requisite permits. The Garment District could move, during the overhaul, to a temporary location...
...rosary in Manila nowadays without snaring a self-professed "destabilizer": someone trying to undermine the presidency of Gloria Macapagal Arroyo. Or an accuser charging the government with some malfeasance, or a Senator or Congressman calling for Arroyo to quit, or a prophet forecasting "major change"?meaning a complete overhaul of the Philippine political system. The press is certainly looking for them, and writing up breathless copy even when they don't quite fit the bill. Eugenia Apostol, publisher of the new Mr. & Ms., did some television interviews at the relaunch soir?e and was asked: "Are you going to overthrow Arroyo...
Under the tolerant gaze of the Reagan Administration, giant U.S. companies have been merging at an unprecedented rate. Now the White House wants to make it still easier for firms to consolidate. Officials last week unveiled a sweeping plan to overhaul antitrust laws that have held sway since the early part of the 20th century. "The Reagan crew is obviously determined to leave its mark on business policy," said James Maher, managing director of mergers and acquisitions at the First Boston investment-banking firm. "These ideas, if enacted, will fuel more fires in merger activity...
...merger wave has already gone too far, and that sentiment is likely to be reflected among legislators. Peter Rodino, a New Jersey Democrat and chairman of the House Judiciary Committee, predicted last week that his panel will not support "substantial or precipitous changes in the antitrust laws." The overhaul should receive a warmer greeting in the Senate, where South Carolina Republican Strom Thurmond, who heads the Judiciary Committee, plans to give it careful consideration. An aide described Thurmond as a longtime advocate of "sensible" antitrust reform. --By John Greenwald. Reported by Gisela Bolte/Washington