Word: slump
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...Kodak's strategy of playing at both ends of photo technology isn't developing as planned. Last month Big Yellow, blaming a flagging film market on the U.S. economic slump, announced that its first-quarter net earnings were off almost 50% from the prior year. More troubling to Wall Street was that Kodak, citing the soft outlook, backed away from its previous forecasts for the second half of the year. "These are my picture takers that companies are laying off," Carp told analysts. Kodak is adding to the pile too. As part of its streamlining, the company will...
...misery loves company, investors hammered by the current slump in tech stocks can take solace in the tale of one of the original financial bubbles. The "Tulip Mania" exhibition at the Norton Simon Museum in Pasadena, Calif. (through July 23), displays a collection of watercolor paintings of tulips from the 1630s, along with intriguing information about the frenzy over them. During that decade, the price of a rare tulip bulb escalated to as much as 5,200 guilders. (By comparison, Rembrandt's fee for The Night Watch was 1,600 guilders.) Bulbs were used as dowries and exchanged for shiploads...
...Harvard men's lacrosse team broke out of its slump Tuesday night, winning 13-10 on the road against Colgate...
...Kodak's strategy of playing at both ends of photo technology isn't developing as planned. Last week Big Yellow, blaming a flagging film market on the nationwide economic slump, announced that its first-quarter net earnings were off almost 50% from the prior year. More troubling to Wall Street was that Kodak, citing the soft outlook, backed away from its previous forecasts for the second half of the year. "These are my picture takers that companies are laying off," Carp told analysts. Kodak is adding to the pile too. As part of its streamlining, the company will...
...fear. Koizumi says plainly - and rightly - that Japan's economy needs a sharper, deeper recession before it can pull out of its current, shallow one. Should Koizumi defy the odds and prove a wild success, a period of creative destruction in Japan could extend and deepen the current global slump. Yet after a decade of slow decay, it is no time to be squeamish about bleeding Japan in order to save...