Word: turnaround
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...begin to stimulate investment by other businesses and increased spending by consumers. The fall in the value of the dollar, a 26% decline against major world currencies since early 1985, is expected to help reduce the trade deficit by making imports more expensive and American goods cheaper abroad. A turnaround in trade has been surprisingly slow in coming, but economists point out that changes in currency values usually affect trading patterns only after a long...
...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...
...recent years. "Stranger things have happened," says Chairman Leland Prussia. "If someone comes up with a good proposal, we would consider it seriously." Time could be running out for the bank's president and chief executive, Samuel | Armacost, who may be ousted if he fails to engineer a turnaround in the next year...
...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...
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...