Word: paring
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...concept to teach others how to reach the targets they would soon face in design. At that point, Mizuno says, he understood 120% of what needed to be done, but "others knew zero." Nissan held a global design competition--a first for the company--to pare down submissions for the car from 80 designers. About eight months later, Mizuno put together an approximately 100-person global team to execute the final design, which came under the direction of a six-person steering committee led by Ghosn in the spring...
...Business was brisk today. Hands, whose London-based private equity company Terra Firma picked up EMI for $6.5 billion last year, told his staff that as many as 2,000 of them would lose their jobs over the coming months as part of a plan to pare EMI's costs by around $400 million a year. More effort had to go into finding fresh acts, Hands said, as well as into getting more out of those the firm already has. Out will go diverse sales, marketing, manufacturing and distribution units, to be replaced by a single division. "We believe...
...credit debacle now look far worse than previously expected. Housing sales and starts are down sharply, while shares in everything from homebuilders to banks to mortgage insurers have been massacred. Moreover, there's a deepening fear that U.S. consumers - a key driver of global economic growth - might dramatically pare back their spending in the wake of this assault upon their wealth and confidence. In a recent letter to shareholders, legendary U.S. money manager Bill Miller warned: "The difference between what is unfolding now and the Crash of '87, or the problems with Long-Term Capital Management in 1998, is that...
...Attorney Wayne Margolis. Simpson first raised suspicions when she approached a MassPort employee working in Terminal C to ask about the status of an arriving flight. After briefly meandering through the terminal, Simpson exited and was confronted by Massachusetts State Police troopers wielding submachine guns, State Police Major Scott Pare said in a press conference Friday morning. “She followed instructions as was required by the State Police and within minutes the Explosive Ordinance Disposal unit found that it was an innocuous device and we took her into custody,” Pare said according to MIT?...
...proposed revisions could hurt the U.S. venture-capital industry, which helps small companies get big and is the envy of the world. Private-equity firms--which buy companies with mostly borrowed money, fix them up or pare them down, then sell them--are more controversial but have perhaps made corporate America more efficient and competitive. Ramping up taxes on these guys could lead to unpleasant consequences: think about the next Google going unfunded because money was diverted to pay taxes. Losing such opportunities might far outweigh the few billion dollars in annual revenue the tax change would bring...