Word: slump
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...Wednesday’s interview Summers also discussed University-wide repercussions of the corporate scandals and the continuing economic slump...
...past year the number of people in the work force 55 or older--the only age group that's growing--jumped 8%, to 20 million. Despite a hiring slump, the average job search for those over 50 fell to less than three months for the first time in memory, according to outplacement firm Challenger, Gray & Christmas. "Companies are looking ahead," says its CEO, John Challenger, who foresees a worker shortage as the boomers who can afford to retire do so and the much smaller Generation X proves unable to fill the gap. So, whether they like...
...Broadcasting, who was seen as a Pittman ally. Bewkes led HBO to develop such hits as The Sopranos, Sex and the City and Six Feet Under and saw it collect 93 Emmy nominations last week. Warner Bros. is enjoying a successful run. But the music division faces an industrywide slump in sales, caused in part by widespread downloading of songs from the Internet...
...stocks slump for a third consecutive year, investors are rediscovering the benefits of true international exposure. Mutual funds that invest in foreign stocks are seeing net inflows, and much of the action is in emerging markets, a sector that boasts economies with heady growth rates of 4% to 8% and companies that are relatively disconnected from conditions in the U.S. In a period of weakness for the U.S., the best foreign funds will be those that own shares of local companies that don't do a lot of business in the States. These funds, like Pioneer Emerging Markets and Dreyfus...
...Bayer's 314 billion debt. INDICATORS The Dollar takes a dip The euro reached and passed parity with the dollar for the first time in two and a half years, ending the week worth $1.013. The dollar's fall is good news for U.S. exporters, but a sustained slump could spell trouble for export-dependent nations like Japan and Germany. Baby You Can Buy My Car n Auto prices may be rolling downhill after the European Commission changed car-sale rules to increase competition. Dealers will soon be allowed to sell multiple brands and open showrooms across the E.U., where...