Word: trimly
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...boom-time levels. The economy, after all, is unlikely to be cruising along at the breakneck pace of the '90s. Overall, business travel has fallen more than 20% since 2000, according to the Business Travel Coalition. As many as 80% of road warriors surveyed by the coalition plan to trim air travel even more this year, and nearly three-quarters think some of the cutbacks will be permanent. Phil Condit, CEO of Boeing, has said that at least 10% of the peak business-travel demand could be gone forever. No wonder the S&P Airlines Index is off 37% this...
...long as he doesn't actively manage them, has been widely derided as toothless. Yet Italian voters don't seem too bothered by his conflicts of interest. A graver threat is the imminent showdown with CGIL, the country's largest labor union, over the government's efforts to trim Italy's job-protection benefits. While two more moderate unions agreed to a labor-reform package Friday, CGIL chief Sergio Cofferati wants a referendum on the issue and vowed to call a general strike in the fall. But Berlusconi might prevail here too. His party and its allies in the National...
Since Jan. 1, Tyco shares have fallen some 80%, hitting a six-year low of $10.10 on Friday. Late last week the debt-rating agencies S&P and Moody's downgraded Tyco's debt, fueling worries that the company, which is trying to trim its $27 billion in debt--$12.8 billion of it coming due in the next 18 months--could be caught in a cash squeeze. Tyco announced last week that it may have to delay the IPO of its CIT financial division--which was expected to raise $5 billion in cash--because of concerns...
This promises to be a contentious process, since some schools may favor cutting the five recruits with the lowest academic indexes, while others may seek to eliminate recruits with the least athletic promise. Yet others may seek to trim recruits more evenly from among the various academic groupings, or “bands...
While the Kennedy School of Government announced major staff and faculty cuts in an effort to trim an expanding deficit, the majority of schools say they have remained financially in the black...