Word: slump
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...losing their bestselling models and the prospect of a national walkout. "A strike puts a pall on the entire industry, not just GM," said Ronald Kelly, a Ford dealer in Stamford, Conn. After the tough years of the late 1970s and early 1980s, dealers once again face a sales slump. Those with low inventory are especially worried. Said Clara Benjamin, co-owner of Bay Chevrolet in Queens, N.Y.: "A strike is going to affect us very badly. We will be laying off help if this turns out to be a long...
...successful strategy for sprucing up Sears' stodgy image by introducing new store designs and more big-name labels. He traveled the country, popping into stores and giving pep talks to local managers. As a result of Brennan's innovative moves, Sears' retail sales have gone from slump to boom...
After an understandable slump-common among U.S. swimmers and something of a national malaise, as Jimmy Carter might say-Meagher rallied grandly. Now she can contemplate three golds. "The Pan-Am Games are great, the Worlds are wonderful," she says. "But the Olympics are the Olympics. Everyone walking around the village smiling, speaking their own language but understanding all the same. This is just how I've always dreamed it would be, maybe even more cheerful...
...investment banking firm, were putting together a group of investors to rescue Continental with a $2 billion infusion of capital. The story seemed plausible because Abboud was once chairman of First Chicago, Continental's crosstown competitor. He was abruptly fired in 1980, after his bank suffered an earnings slump...
...Wall Street, investors began battering bank stocks. Hardest hit was Manufacturers Hanover, which lost 3% points, or nearly 11% of its value, in a single day of trading. A sharp slump in bank issues helped drive the Dow Jones industrial average to 1103.43, its lowest level in 15 months. In bond trading, prices also sank. Elsewhere, sell-offs rocked the London Stock Exchange, and the high-flying U.S. dollar went into a steep tailspin...