Word: steel
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Dates: during 1980-1989
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...severity of the current recession was written in red across scores of first-quarter corporate earnings reports last week. Beset by sagging sales and oppressive interest rates, companies in a broad array of industries, from autos and airlines to steel and even oil, posted sharp profit declines or outright losses...
...auto slump has devastated the steel industry, which relies heavily on shipments to Detroit. National Steel lost $40 million last quarter, and Republic dropped $67 million. At U.S. Steel profits were down 71%, to $80 million. The firm would have had almost no profit without the earnings of Marathon Oil, which U S Steel acquired in January. Company Chairman David Roderick said last week that steel shipments had reached their lowest level in 40 years...
Tighter control of stocks is being made possible by the spreading use of computers throughout business. With computers, managers from supermarkets to steel mills are able to know, from one minute to the next, exactly what is in their warehouses and storage bins. This helps save hundreds of thousands and even millions of dollars a year by holding stocks to the absolute minimum levels needed to keep production lines humming...
However, Boston College allows Southwestern to recruit through its career planning office, and this year 26 B.C. students are planning to join. John Steel, director of career planning at B.C., says. Steel explains that the company has a fine reputation but adds that problems with student managers sometimes develop. With the high turnover of personnel. Steel says relationships with recruiters differ each year, adding that last year Southwestern wasn't sponsored because recruiters didn't stay in contact with the school. Galloway says the recruiters' independent relationship to Southwestern contributes to the problems because there is no one overseer...
...broken leg. Gertsch, 38, felt what he thought was a cramp starting after seven miles. But he was determined to finish, and so he pounded on for 19 more miles before collapsing at the finish line. Doctors, who later set his right femur with a steel rod, theorized that his powerful thigh muscle had acted as a splint until he finally relaxed at race...