Word: turnarounds
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...situation is a marked turnaround from 1986, when unemployment topped 12%, U-Haul trailers streamed out of the city, and foreclosures were rampant. Today the area has regained 77% of the 220,000 jobs it lost; unemployment has been whittled to 5.3%; and suburban condos that sank in value to as little as $5,000 have rebounded to more than...
...Washington, the freighter's turnaround was proof that eight months of intensive and mostly secret Soviet-American diplomacy was paying off, an important signal that a tortured and bumpy attempt to end the conflict in Central America was back on track. The drama didn't end with the Vladimir Ilyich's recall. A good deal of hard bargaining between Washington and Moscow ensued. But when Nicaragua finally held its first free election in February, and the Sandinistas peacefully transferred power to the opposition that had defeated them, the superpowers had reason to celebrate. They had shown they could work together...
...tough manager who demands tangible results. After 31 years with Philips, he became president of Polygram International, the company's recorded-music subsidiary, in 1983 and quickly transformed it from a money loser into one of the firm's standout successes. Timmer's reputation as a tough turnaround specialist was confirmed four years later when he moved the consumer-electronics division into the black through a combination of staff cuts and a stronger emphasis on marketing...
B.A.T. was forced to sell Saks as well as the Chicago-based Marshall Field's chain as part of a strategy to fend off a hostile takeover bid led by Sir James Goldsmith, the Anglo-French raider. In an abrupt turnaround early last week, the takeover artist said he would drop his pursuit of B.A.T. But with the Saks sale already in motion and bids running high, the British company went through with the transaction two days later...
Some economists believe U.S. industry as a whole will become healthier and more competitive by moving away from military production. Reason: the Pentagon procurement process is so elaborate that the development of new components often takes several years rather than the six-month turnaround that is commonplace in other manufacturing. "It's very clear that today's commercial electronics are higher performance, lower cost and higher quality than the same goods built by defense contractors," says Jacques Gansler, a Washington- based defense economist. Moreover, much of American's innovative brainpower will turn to designing products that enhance, rather than threaten...