Word: quarterly
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...core businesses are being hurt badly and are coy about when they think the situation will improve. Large companies have gotten into the habit of saying that they cannot forecast earnings because they have "limited visibility." In most cases that means they cannot predict their sales beyond the current quarter. (See pictures of Bill Gates' early years...
...What's the best-case scenario? If you do everything right, you avoid an L, and that's really good news. But you still have a situation in which global growth this year is negative. GDP growth in advanced economies is going to be negative through the fourth quarter of this year, and next year, growth will be anemic - probably 1% or lower. Job creation is going to be negative. In the best of circumstances, we have a two- to three-year recession in advanced economies...
...advertising just isn't there. One of member of the Newhouse publishing clan, Carr said, told him that their ad base at the New Jersey Star-Ledger is a quarter of what is once...
...sharp down note after absorbing a weekend of anxiety over AIG, the black hole of an insurance company that is swallowing another $30 billion of government assistance with no assurance that it won't need more. Monday morning, AIG reported a colossal loss of $61.66 billion for the fourth quarter of 2008. Citigroup also cast its own dark shadow with news last week that the government will convert preferred shares it owns for up to a 36% stake in the troubled financial services firm...
...freshman Devan Kennifer added. PRINCETON 13, HARVARD 6 Seeking redemption after last week’s tight 10-8 loss to the Tigers, Harvard faced off against Princeton in the final game of the tournament. Last week, the Crimson nearly caught up to the Tigers with a strong fourth-quarter performance. This week there would be no late game heroics.Yesterday, the Tigers’ defense kept Crimson’s offensive attack on a tight leash until the final whistle blew; Princeton held Harvard to its lowest point total since its two-goal performance versus Michigan in the season?...