Word: turnaround
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Dates: during 1980-1989
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MOST MIRACULOUS TURNAROUND Disney, long in the box-office cellar, which has turned out a string of hits, including Outrageous Fortune, Stakeout and Three Men and a Baby, since Honchos Michael Eisner, Jeffrey Katzenberg and Richard Frank took over just three years...
Experts have been surprised for months now that the long fall of the dollar, which has declined by 40% against the major currencies since early 1985, has not produced a turnaround in the trade balance. According to economic theory, a cheaper dollar makes U.S. products less expensive to foreigners and thus eventually boosts demand for American exports. Conversely, a weak dollar makes foreign goods more costly in the U.S. and dampens Americans' enthusiasm for imports. That, in fact, is what has happened: this year exports have increased, and the growth of imports has slowed sharply. The problem is that with...
Struggling to put the scandal behind it, Hutton's board recruited Robert Rittereiser, 49, from Merrill Lynch.The board forced out Chairman Robert Fomon after promoting Rittereiser to chief executive. But the company was no quick- turnaround candidate. Last year Hutton posted a net loss of $90.3 million at a time when other brokerages were prospering. Even attempts to restore the firm's prestige seemed ineffectual. Hutton hired Bill Cosby as a TV spokesman in 1986 and recently changed its motto to "We listen...
...company's hopes for a turnaround rest on its latest round of talking toys, including the Mickey Mouse doll and Mother Goose (each $60), as well as dancing Disney figures called Little Boppers ($20). WOW is especially proud of Julie (up to $125), which it claims is the "most sophisticated toy ever to be introduced in America . . . and still a little girl's best friend." A voice- recognition system allows Julie to "understand" questions. If a child asks, "Are you hungry?" the doll is programmed to respond with a bright "I'm hungry. Let's eat!" The doll can also...
...Owls slowly whittled the Crimson advantage down to nothing, and took a one-point lead with just three minutes remaining on a turnaround jumper by Cooper, who had seven points and an important nine rebounds on the evening...