Word: turnaround
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Dates: during 2000-2009
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...accent. "'Why aren't you guys making sure that he's not uncomfortable?'" Whether the cameras, Booker's patrols or the Policing 101 measures instituted by McCarthy - moving more officers to night and weekend shifts, when, get this, crime is more likely to happen - were most responsible for the turnaround, the results are stunning. Murders dropped 36% in Newark - from 105 to 67 - from 2006 to 2008. Shooting incidents dropped 41%. Rapes fell 30%, and auto thefts 26%. Newark went 43 days without a homicide in early 2008, the city's longest such stretch in 48 years. In the first...
...case of Tonghua Iron and Steel, it seems the steel industry's turnaround helped spark the riot. Jianlong had invested in the company in 2005 but then pulled out as Tonghua lost money amid the global downturn this spring. But as China's steel demand surged, Tonghua turned a profit of $6 million last month, renewing Jianlong's interest. After the killing of Jianlong's representative on Friday, the local government announced the deal was canceled, China Daily reported...
...Spooking analysts and investors is the fact that losses at several of Citi's businesses continue to grow. What's more, a number of executive departures are complicating the bank's turnaround efforts. Lastly, while Citi's lending losses are not growing as fast as they were, the bank's loans are still going bad at a higher rate than that of its rivals...
...part, Citigroup says its turnaround plan - which has effectively split the company in two - is working. And while Citi Holdings, in which Citi has stuck its mortgage loans, is still in bad shape, Citi officials say Citicorp, which the bank calls its "core" investment bank and its retail bank divisions, is on the mend. Later this week, Citi plans to complete the first stage of a deal to swap a large chunk of its preferred shares for common stock, which will greatly improve the financial standing of the bank - though it will also more than quadruple the company's shares...
...real estate, pushing prices up too far and too fast for the underlying economic fundamentals. "We're not in a full-blown bubble yet," says David Cui, China strategist for Banc of America Securities - Merrill Lynch in Shanghai. "But the risk is there. There is such a sharp turnaround, especially since it is largely fueled by easy money...