Word: witters
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Flint, GM is trying to boost profit margins by outsourcing, a source of contention. But the company needs to make great leaps, not incremental steps. Analyst Stephen J. Girsky of Morgan Stanley Dean Witter estimates that to get into fighting shape, GM would have to close three assembly plants, eliminating as many as 34,500 blue-collar jobs. Try negotiating that. And the company needs to close about 2,300 dealerships...
There are skeptics. Stephen Roach, chief global economist at Morgan Stanley Dean Witter, suspects that e-commerce is being oversold, though he admits it's growing rapidly. "I question if it'll ever be big." He is right when he notes that e-commerce is no more than 1% of the U.S.'s $8.5 trillion economy; in fact, consumer online sales now account for only .2% of total retail. And e-commerce, Roach argues, is hardly on a par with the Industrial Revolution. "This is an intangible cerebral revolution, which is a lot harder to pull...
...balanced, Wall Street's view on the too-hot, too-cold question is as divergent as ever. Merrill Lynch rushed out a report saying profits are in trouble and interest rates must surely decline. Goldman Sachs discerns continued bliss as far as the eye can see. Morgan Stanley Dean Witter is convinced that inflation and higher rates are just around the bend. That's all I need to hear. There's enough muscle on both sides of the hinge to keep any momentum from carrying too far. I'll worry when the pros all line up on one side...
...positions. Chase Manhattan, after combining with Chemical Bank in 1996, is laying off about 3,000. The Swiss Bank Corp. merger with Union Bank of Switzerland has prompted a flood of pink slips in New York City. There's been selective pruning at the merged Morgan Stanley Dean Witter Discover. And since Asia tanked, international firms, including NatWest Securities, J.P. Morgan and Deutsche Morgan Grenfell, have been letting people go around the world. Says Howard Gabler, president of the Wall Street executive-search firm GZ Stephens: "The overall job scene on the Street is pretty...
...chaos that began with deregulation in 1978. Midsize carriers such as U.S. Airways are viewed as ripe for merger. "In a mature industry, if you want growth you have to acquire your neighbor or form an alliance," explains Kevin Murphy, an analyst at Morgan Stanley, Dean Witter, Discover. "And that's what they've done...