Word: pinching
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...Herrmann, in the end, this is might be the only logical step in a progression that has seen him ascend from seldom-used pinch-hitter to, just last year, team leader and Harvard staff...
...corporate profit margins in China," says Ben Simpfendorfer, an economist at JPMorgan Chase in Hong Kong. Indeed, Shanghai Petrochemical, a unit of the state-owned oil company Sinopec, warned last week that profits in the second half of this year will decline significantly. If other companies feel a similar pinch, as Simpfendorfer fears, that could crimp one of the main drivers of China's current economic boom?spending by companies to build and equip new factories and other businesses. While the economy is still growing at an impressive clip, says Morgan Stanley's Xie, the trend toward deceleration "is pretty...
Crude oil is the single most important raw material for the chemical industry. So when oil prices rise sharply?as they have over the past few months?chemical companies usually feel the pinch hardest. But when the big German chemical firm Degussa announced its earnings last month, the news was far from gloomy. Heinz-Joachim Wagner, Degussa's chief financial officer, calculated that the firm's raw-material costs had risen by more than a third over the past 18 months. Still, sales and earnings were up in the first half of this year and Wagner says he expects...
...Indeed, Deutsche Bank estimates that a 5% appreciation of the yuan would slice 5-10% off the profits of China-based textile and electronics exporters, because they have narrow margins and little power to adjust their prices. The pinch will also be felt by the many foreign companies operating mainland factories. Tony Cheng, a Taiwan businessman who runs a factory in Shenzhen making Christmas ornaments, calls the revaluation "a big blow...
...Yahoo! at 6% and 9% respectively. And with the growth in broadband connections boosting the time Internet users spend online, advertisers get more chances to entice them. Global Internet ad revenues are set to soar by almost 20% this year. Not surprisingly, old-media firms are feeling the pinch. News Corporation chief executive Rupert Murdoch last week paid out $580 million for Los Angeles-based Intermix Media, the company behind the burgeoning social network at MySpace.com. The two-year-old service hosts music, chat rooms and blogs, as well as personal and classified ads. But not all online companies...