Word: turnarounds
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...Lake Quinsigamond in Worcester, Mass., winning their first heats by decisive margins to advance to the Grand Finals.“Last year was a disappointing season for the whole team,” lightweight captain Jeff Overington said. “This year was a complete 180-degree turnaround. We decided from Day 1 that we were going to turn things around this year.”Upon reaching the final heats, both first varsity boats faced stiff competition.The heavyweights found themselves in a fierce three-way battle with Wisconsin and Brown. While Harvard outpaced the Badgers by almost...
...company lost $13.5 million, compared with a $25 million profit in the fourth quarter of 2007. Talbots has updated its merchandise to fit its repositioning as a younger company. According to Chen, however, the company is too indebted to revamp its musty stores, a big hindrance to its turnaround plans. In an April research report, Brian Tunick, retail analyst at JPMorgan Securities, listed his top 10 myths that "along with the Easter Bunny, we're not sure we believe in either." No. 4: The Michelle Obama Bounce...
...Some of the revival is due to the greater availability of trade finance, which had dried up as banks clamped down on lending in late 2008, hamstringing global trade. But China, the world's third-largest economy, is likely a more crucial factor in the turnaround. China sits in the middle of an increasingly important trading system within Asia. Countries like Japan, South Korea and Indonesia export capital goods, components and raw materials to China, where they are used to manufacture final products for shipment to the West. This network broke down as demand in the U.S. and Europe shriveled...
...population of 1 billion, is holding up. In March, China imported a record amount of iron ore and coal, while imports of crude oil hit a 12-month high. The binge is being fueled in part by optimism that Beijing's $565 billion stimulus program will drive a turnaround in the sagging economy. "After a brief pause, China's appetite for natural resources has returned to buoyant levels," Jing Ulrich, chairman of China equities at J.P. Morgan in Hong Kong, wrote in a report this month...
...course, different types of commodities will react differently as the global economy improves, based on their own specific supply and demand conditions. This makes timing a turnaround complicated. Rogers says he expects commodities prices to be among the first to rise, out of all asset classes, when economic growth begins to return. Other experts argue against a rapid rebound, because inventories are high for commodities such as oil, and because demand for natural resources has been so thoroughly squelched in some industries that it may not fully recover anytime soon. Francisco Blanch, head of commodities research for Merrill Lynch...