Word: turnaround
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Dates: during 1970-1979
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...were closed by a strike, and election buffs were reduced to crowding around the telly for their news. When the papers reappeared, after settling on a 10% pay increase, they reported opinion samplings showing that Labor had increased its lead by as much as 12.4%. It was a remarkable turnaround; a year ago, Labor trailed the Tories by as much as 26.8%. Wilson's current lead-if it stands up -would give the party a massive 140-seat majority in the Commons. That would be an even greater Labor victory than the one in 1966 that resulted...
...worth only $150. LTV's stock plunged from around $100 a share at the time of the acquisition to a low of $8.37 last week. Post put himself on the LTV board in February. When the first quarter ended with a $6.5 million loss and there was no turnaround in sight, Post's patience became shorter. Banker Stewart, 44, who was elected to the board just last month, joined with Post to force Ling's ouster...
...Courage. TelePrompTer's Kahn hailed the reported plan as "a historic move forward for American communications policy. This is a 180° turnaround toward cable television." A TV network executive professed not to be concerned. "I'll give them an A for courage," he said, "but these proposals are neither politic nor practical...
Everybody thinks that profits are just a problem for management and that no one else has to worry. But profits determine the level of employment, plant and equipment spending, and Government revenues. You cannot have a turnaround in the economy until you have a turn-around in profits...
...pattern of first-quarter profits made clear last week that such a turnaround had not yet occurred. A preliminary tabulation of 692 corporations by New York's First National City Bank showed that profits in 1970's first quarter declined 7% from the same quarter last year. As usual, manufacturers bore the brunt of a business slowdown. Their profits fell 9% from a year ago, and 13% compared with the last quarter of 1969. The sharpest losses were in electrical equipment, largely because of last winter's three-month General Electric strike, and in steel, building materials...