December 5, 1991 |
Weakening profits. Plummeting consumer confidence. Continuing layoffs in dozens of industries. Now comes another horseman of the current economic malaise: A soaring rate of business failures. In its current newsletter, the venerable Dun & Bradstreet Corp. reported that U.S. business failures in July jumped 60 percent from July 1990, to 7,627. The July figures marked the 17th consecutive monthly increase from the same month the year before. For the first seven months of the year, business failures were up 51.5 percent compared with the same period a year ago. No region or industrial grouping was spared.
August 11, 1988 |
From a historical perspective, the new federal plant-closing law marks the culmination of a decade-long process to restrict business mobility. During the last 10 years, several cities, including Philadelphia, and some states have imposed restrictions on business mobility. In other industrialized nations, advance notification of worker layoffs and plant closings is already a common practice. This is not the first time that the federal government has legislated labor-management practices - consider, for example, the laws setting a minimum wage and worker health and safety rules.
March 9, 2014 |
Starting a business is complicated, but there is support for entrepreneurs. And advice can come even from unusual sources. Example: the ex-Navy SEAL with lessons in business leadership. Hard-core leadership lessons are taught at Entrepreneur.com by the likes of well-named Jeff Boss, a former Navy SEAL, now a business consultant. In this recent post, Boss describes the ways "a leader should show up. " That includes dressing the part, listening, and being candid. And, he says, there are no excuses: "Tired after a rough night sleep?
February 24, 1989 |
Strikes and lockouts fell in 1988 to their lowest level in the 41 years the government has kept track, reflecting a change in attitudes between labor and management, the U.S. Labor Department said yesterday. Only 40 major work stoppages - those involving 1,000 or more workers for one shift or more - began in 1988, involving 118,000 workers. About 4.4 million workdays were lost because of stoppages. The number of stoppages has steadily declined - the 1950s average of 332 a year dropped to 299 in the 1960s, to 270 in the 1970s and to 88 a year between 1981 and 1985.
February 24, 1987 |
Interest rates on short-term Treasury securities fell in yesterday's auction to the lowest levels in five weeks. The Treasury Department sold $6.6 billion in three-month bills at an average discount rate of 5.40 percent, down from 5.66 percent last week. Another $6.6 billion was sold in six-month bills at an average discount rate of 5.41 percent, down from 5.70 percent last week. The rates were the lowest since Jan. 20, when three-month bills sold for 5.23 percent and six-month bills were 5.27 percent.
May 7, 1987 |
Dominion Textile Inc. and New York financier Asher B. Edelman launched a $1.62 billion tender offer for Burlington Industries Inc. yesterday after Burlington threatened to use the "Pac Man" defense - buying Dominion first. The Edelman-Dominion group, which owns 11.6 percent of Burlington's 27.3 million common shares outstanding, announced a $67-a-share bid for the remaining stock after Burlington indicated that it strongly opposed the group's earlier offer of $60 a share. Burlington, of Greensboro, N.C., the nation's largest textile-maker, has not commented on the offers but has filed two lawsuits challenging the group's tactics.
August 13, 1995 |
Plate glass windows covered with butcher paper. Blank stucco facades where plastic letters once announced shops selling office products and car stereos. Though business isn't slowing in this bustling commercial hub, some businesses are failing. "Space available" placards listing realty company names and phone numbers have sprouted up in shopping centers throughout Montgomery Township. At the same time, many businesses still see gold in Montgomeryville, with developers of commercial space begging to get their projects approved.
April 25, 1994 |
Environmentally sensitive products used to sell only in offbeat camping stores or at collectives run by volunteers in tie-dye. Those days are gone. Now, to be green - or Earth-friendly - is to be mainstream. And profitable. Dan Soskin is cashing in on the green at One World, an environmental store in Haddonfield that celebrated its first anniversary Friday, on Earth Day . "One World is a combination of The Nature Company, The Body Shop and a green store," said Soskin.
August 20, 1990 |
At tiny Advance Truss Systems Inc. in Plumsteadville, success means just opening the door for business every day. "You're starting from scratch," said John W. Bohn, who runs the firm. "You're starting from below scratch, really. " Confronted with a decline in the housing industry and management problems, Advance Truss, which makes roof frames used in construction, this year filed for protection from creditors in U.S. Bankruptcy Court in Philadelphia. The company hopes to hang on until the building industry turns around, said Bohn, who, in addition to spending time in the office, works on the shop floor with the Bucks County firm's seven other employees.
January 12, 1993 |
CAFE BERLIN Fiction. By Harold Nebenzal Overlook Press. $21.95 The year is 1943 and an immigrant in Germany is writing about the decadence that defined Berlin after dark in the late 1930s, leading up to World War II and the Nazi nightmare. A nightclub is the focal point of the drama, the debauched melting pot for storm troopers, strippers and pseudonymous spies. Sound familiar? Sound like good roles for Joel Grey and Liza Minnelli? The similarity to the Academy Award-winning film Cabaret, which was based on Christopher Isherwood's Goodbye to Berlin, is not coincidental.