Part of the reduction in head count in Tokyo was achieved through layoffs — the firm announced
global cuts in March 2009, and Asia was not spared.
As a longtime observer of a wide range of efforts to limit global warming, I see this as one of the least likely to succeed — and a bad match of tool and task — if the goal is, in fact, to limit warming, which would require
global cuts in emissions.
[UPDATED below, 7/9, 11 am to include link to final statement by the Major Economies Forum on Energy and Climate, which dropped language aiming at a specific
global cut in warming emissions by 2050.]
We believe, we need
a global cut in emissions of 60 % by 2030, and that this is likely to require a 90 % cut in UK emissions by 2030.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected
in such forward - looking statements and that should be considered
in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases
in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of
global economic conditions on the business aircraft market and expanding conflicts or political unrest
in the Middle East or Asia; 7) customer cancellations or deferrals as a result of
global economic uncertainty or otherwise; 8) the effect of economic conditions
in the industries and markets
in which we operate
in the U.S. and globally and any changes therein, including fluctuations
in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain
in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both
in the U.S. and abroad; 20) the effect of changes
in tax law, such as the effect of The Tax
Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction
in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco
in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations
in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
The higher the oil price the Saudis (or OPEC) target and possibly reach, the more areas
in the U.S. would be profitable to drill and add to the
global oil supply, potentially wiping out the effect of the
cuts and depressing oil prices again.
After news broke
in November 2006 that Siemens had been involved
in a
global corruption scandal, involving thousands of acts of bribery
in several different countries by hundreds of employees, the company had its work
cut out for it
in complying with securities investigations, and paying hefty fines (about $ 2.5 billion
in total).
For example,
in 2008 they
cut interest rates together
in response to the deepening
global downturn, and
in 2011 they helped prevent runaway appreciation of the Japanese yen following a devastating earthquake.
Global stocks have rallied on promises of large investments
in infrastructure and tax
cuts in the U.S., but markets are now set for a sharp correction
in the second part of this year.
Energy companies
in North America have been ramping up production
in tandem with OPEC's efforts to
cut global output
in a bid to take advantage of rising prices.
The Gateses point out that
in a recent survey, only 1 % of respondents knew that
global poverty has been
cut in half since 1990.
The World Trade Organization
cut its forecast for
global trade growth this year by more than a third on Tuesday, reflecting a slowdown
in China and falling levels of imports into the United States.
It wasn't immediately clear how much of the change reflected confidence that the tax -
cut legislation moving through Congress will boost growth, or other factors such as pickups
in business spending and
global growth.
A number of funds bet heavily on an oil rally early
in the year, boosting long futures positions to a record
in late February, before oil went into a prolonged slump as
global supply remained elevated despite
cuts from OPEC.
Dean Baquet, the executive editor of the Times, told his own newspaper
in an interview that the
cuts boil down to «needing to free up resources to build a digital report,» which the paper is trying to do with NYT
Global and its other efforts.
Its chief rival, the National Post — which endured eight years of ever - deeper cost
cuts after being sold to the now - bankrupt Canwest
Global Communications empire
in 2001 — has racked up nine - figure losses since being launched
in 1998.
In December, the Ministry of Finance cut export taxes on some types of steel products in a move analysts said could worsen global oversuppl
In December, the Ministry of Finance
cut export taxes on some types of steel products
in a move analysts said could worsen global oversuppl
in a move analysts said could worsen
global oversupply.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions
in the industries and markets
in which United Technologies and Rockwell Collins operate
in the U.S. and globally and any changes therein, including financial market conditions, fluctuations
in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand
in construction and
in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges
in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies
in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including
in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including
in connection with the proposed acquisition of Rockwell; (7) delays and disruption
in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes
in political conditions
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate, including the effect of changes
in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions,
global trade policies and currency exchange rates
in the near term and beyond; (16) the effect of changes
in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax
Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result
in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including
in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted
in their operation of their businesses while the merger agreement is
in effect; (21) risks relating to the value of the United Technologies» shares to be issued
in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
In other words, Osborne's
cuts could lead to another downturn, which is why some economists argue he should put down the axe until the
global economy strengthens.
«
Global supply chains are a huge turnaround opportunity,» said Niedermaier, describing the garment industry as engaged
in a «race to the bottom» as it
cuts corners to keep costs down.
The agreement aims to hold
global warming to «well below» two degrees Celsius from the levels of the Industrial Revolution, and puts
in place a system for tracking efforts to
cut carbon emissions and report on progress every five years.
«Trade wars, a recession, any notion of any weakness
in global economies are going to
cut into,» oil prices, Kloza said.
Meanwhile,
global oil stockpiles
in developed countries could actually fall below the five - year average — the level OPEC is targeting — as inventories approach normal levels, oil demand potentially outstrips Goldman's estimate and OPEC possibly
cuts output too deeply.
The
global drop
in oil prices, while terrible for Wall Street upon first blush, has yielded a decrease
in gasoline prices that may act as a massive tax
cut for those who have reaped very few benefits from the economic recovery.
The
global drop
in oil prices, while terrible for Wall Street upon first blush, has yielded a commensurate decrease
in gasoline prices that may act as a massive tax
cut for the very people who have, so far, reaped very few benefits from the economic recovery.
Recognizing GE needed to be much leaner and faster - moving to compete globally
in the 21st Century, Welch slashed its bloated corporate staff,
cut several layers of management, and radically changed GE's cumbersome processes to accelerate decision making — enabling GE to move
in front of major
global competitors like Siemens, Phillips and Mitsubishi.
Breen and Dow CEO Andrew Liveris have vowed to
cut R&D and break the combined company into three smaller firms, leaving it a weakened player
in a competition against
global chemical giants like Germany's BASF and Bayer, and China's Sinopec and Sinochem.
The shipping sector, along with aviation, avoided specific emissions -
cutting targets
in a
global climate pact agreed
in Paris at the end of 2015, which aims to limit a
global average rise
in temperature to «well below» 2 degrees Celsius from 2020.
Thursday's announcement follows similar price
cuts of the console
in Asia, including its home market Japan, and adds pressure on rival Microsoft (MSFT), whose Xbox One system has lagged the PlayStation 4
in global sales.
He pointed out that
global economic activity is increasing, a tax
cut could boost growth and the European Central Bank is implementing «absurd» stimulus policies
in the euro zone.
In particularly nationalistic media outlets, such as the Communist Party - controlled Global Times, the issue has been presented as cut and dry: This is China's property, everyone else is getting in the way, and the military may have to get involve
In particularly nationalistic media outlets, such as the Communist Party - controlled
Global Times, the issue has been presented as
cut and dry: This is China's property, everyone else is getting
in the way, and the military may have to get involve
in the way, and the military may have to get involved.
However, the company is now
in the process of
cutting its
global workforce by 4,500 as it struggles to deal with a shrinking market share and disappointing sales of that device.
Yes, a clutch of weighty organizations have recently lowered their economic forecasts for
global growth, but the IMF and the OECD had already
cut their outlooks
in 2013 and again early
in 2014.
The deals have been spurred by quickening
global growth and robust business confidence, as well as tax
cuts passed
in the US last year that have added to the firepower for marquee acquisitions.»
HALIFAX — Embattled tech giant BlackBerry announced the closure Thursday of its offices
in the Halifax area, eliminating more than 300 high - paying jobs as part of a
global push to
cut costs.
In September 2008, as the global financial crisis was in full throttle, the hedge fund lending to the Olympic Village developer cut off fundin
In September 2008, as the
global financial crisis was
in full throttle, the hedge fund lending to the Olympic Village developer cut off fundin
in full throttle, the hedge fund lending to the Olympic Village developer
cut off funding.
The European Central Bank is all but certain to
cut back on its bond - buying stimulus on Thursday, one of the biggest factors supporting the rally
in global stock markets
in recent months.
POOR
global market conditions for high - quality diamonds has forced the De Beers controlled Central Selling Organisation to
cut back sales
in an attempt to stabilise the market.
UCI's unyielding commitment to rigorous academics,
cutting - edge research, and leadership and character development makes the campus a driving force for innovation and discovery that serves our local, national and
global communities
in many ways.
Poloz's bold and unexpected move to
cut rates this year — not once, but twice — has been credited for dampening the impact of the sharp drop
in global oil prices on the Canadian economy.
On Monday, WTI closed at US$ 52.22 a barrel, up by 3 percent, while Brent crude settled at US$ 59.02 — its highest since July 2015 — on the back of growing optimism that the OPEC production
cut deal is finally having a palpable effect on
global supplies of crude oil, and the equally growing worry that the Middle East could be
in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an independence referendum
in the Kurdistan autonomous region
in Iraq.
Europe needs a stronger banking union, including a cross-Continental guarantor of deposits; structural reforms to improve growth prospects; more monetary easing; and better plans for budget -
cutting in the countries struggling to convince
global investors of their financial stability, the fund said.
Our work is
cut out for us, as clearly demonstrated
in the Sustainable Development agenda adopted by the UN General Assembly
in 2015 — and perhaps just as much by the
global political developments of 2016.
When the state
cut back educational and health spending
in order to minimize taxes, ostensibly to attract business,
global companies pulled out on...
Global oil prices, meanwhile, are quietly testing one - month highs ahead of next week's OPEC meeting
in Vienna, where ministers from the cartel's members are widely expected to extend and agreement on production
cuts into the first quarter of 2018.
In addition, the International Monetary Fund (IMF), in its Global Financial Stability Report, warned that a «wholesale dilution or backtracking» of existing regulations in the U.S., coupled with deep tax cuts, could lead to dangerously high financial risk - taking such as we saw pre-200
In addition, the International Monetary Fund (IMF),
in its Global Financial Stability Report, warned that a «wholesale dilution or backtracking» of existing regulations in the U.S., coupled with deep tax cuts, could lead to dangerously high financial risk - taking such as we saw pre-200
in its
Global Financial Stability Report, warned that a «wholesale dilution or backtracking» of existing regulations
in the U.S., coupled with deep tax cuts, could lead to dangerously high financial risk - taking such as we saw pre-200
in the U.S., coupled with deep tax
cuts, could lead to dangerously high financial risk - taking such as we saw pre-2008.
Ford is reportedly planning to
cut $ 3 billion
in costs and to achieve it, it will
cut 10 percent of its
global workforce.
In the process, GE plans to
cut 12,000 jobs from its
global power business.
The new funds will be used to promote the company's
global expansion strategy and investment
in the field of
cutting - edge technologies.
The following commentary also appears on The Globe and Mailâ $ ™ s
Global Exchange blog: What Obamaâ $ ™ s Corporate Tax Proposal Means for Canada Last week, there was much consternation
in Canadaâ $ ™ s business press that some modest reversals of provincial corporate tax
cuts and President Obamaâ $ ™ s proposed corporate tax changes could erode our competitiveness.