Word: slashe
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...accelerated, phone companies were creating a painful paradox in which their new technology generated a lower return on investment. The payoff for Internet traffic was particularly dismal, since data can travel across the street or around the world for the same basic charge. And this forced equipment suppliers to slash their prices, putting a further squeeze on their profits. "For the first time in history," says Tracey Vanik, a technical director of the RHK consulting firm, "there's no penalty for distance"--compliments of the Internet...
...deadly stalemate seems to be breaking up. Last week, even as the big pharmaceutical companies went to court to keep generic copies of their drugs out of South Africa, one of the biggest of these, Merck, announced it would slash prices of two of its major AIDS drugs, Crixivan and Stocrin, an additional 40% to 55%. Other drug giants--including GlaxoSmithKline and Bristol-Myers Squibb--immediately signaled they would follow suit...
Luring new hires with signing bonuses and in-house masseuses was the game less than a year ago. But today, as the economy staggers, it's slash-and-burn--perks, pay and personnel. The numbers are getting ugly. Outplacement firm Challenger, Gray & Christmas says announced job cuts for December were the highest since the firm began tracking them in 1993. And January's are bound to be even higher. General Electric is poised to idle 75,000, according to BusinessWeek Online, though GE disputes that figure...
...weren't invited to Davos? Well, make a few acquisitions, slash a few thousand jobs and maybe your company can claw its way to the level of the world's top 1,000 corporate titans. Either that or get your supporters to make enough ruckus on the streets outside to convince the power players they're better off meeting you over mulled wine and fondue...
...61st Street long enough for me to get a good look into the Barney's window. There in casual spartan urbanity were leather and suede accessories, a stark juxtaposition to the flashy holiday display that had twinkled there for weeks. But it wasn't the brown suede poncho-slash-bolero perched on a pedestal like the thing of beauty it was that made this capable shopper flush. No, it was the huge diagonal block of letters that read CLEARANCE SALE...