Word: turnaround
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...conglomerate in the 1960s, has been in an agonizing decline since 1981, the last year it made a profit. Now desperately short of cash after losing more than $1.5 billion, the company chose bankruptcy because it saw no prospect for a fast turnaround in the U.S. steel industry's epic slump. The company will operate in Chapter 11 for an estimated 1 1/2 to four years, shielded from creditors to whom it owes more than $4 billion, while it tries to overhaul its steel operations. Declared Chairman Raymond Hay: "We are fully confident that we will emerge from Chapter...
...wage concessions. The cost of carrying a passenger for a mile on traditional airlines averaged only 7.7 cents during the first quarter of 1986, an 11% decrease from 1985. Wall Street analysts predict that as traffic picks up during the peak summer travel season, the industry will enjoy a turnaround and make a profit for 1986 as a whole...
...average overall rate of economic growth in developing countries in the past 25 years is higher that that of Western Europe," said Cabot Professor of Economics Hollis B. Chenery. Other panelists cited the turnaround made by Japan, once a country desperately in need of aid and now a lending nation itself...
Although the Administration is aware of that scenario, it contends that both sides may continue to observe what Shultz called "a de facto form of mutual restraint." Nevertheless, Reagan maintains that only a dramatic change in Soviet behavior would cause him to alter his new stand. Could a significant turnaround in Soviet policy actually be on the horizon? "We do not expect that," says a U.S. official. "Not in compliance, not in modernization, not in negotiation...
...major turnaround, state licensing boards are seizing the initiative and clamping down. Several have received new authority and beefier budgets. In Pennsylvania, for example, the board has been given emergency powers to suspend temporarily the license of any doctor who appears to pose a clear danger to the public; such a decision may even be made in a telephone conference call among board members. The board is now required to investigate every complaint and has been given the staff and money to do so. The result: disciplinary actions in the state rose from .7 per 1,000 doctors...