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Today, the company's share price collapsed as it announced that it needed additional help from its bankers to "improve its resilience if trading conditions remain difficult".The reason is easy to see: the company, the second-biggest travel agency in Europe, is suffering from what Harold Macmillan, a British prime minister in the 1950s and '60s, famously described as "events, dear boy, events".
In late July, Advance announced that it needed to obtain wage and work-rule concessions from its unions, and to have at least 200 of The Star-Ledger's roughly 750 nonunion employees accept voluntary buyouts.
It announced that it needed to correct a series of accounting errors.
But the market took another blow early Friday, when Xerox announced that it needed to restate $6.4 billion in revenue over five years.
Last February it announced that it needed to raise $500,000 in a matter of weeks and another $250,000 by June and also in September to cover unpaid bills and unreported cost overruns and close other gaps.
It announced that it needed a huge increase without explaining what for; when pressed for specifics, it grudgingly produced a wish-list whose price added up to rather less than its demands.
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The deliberations came on the day the world's largest carmaker, Toyota announced that it needs to cut costs and focus on its core business.
The British National Trust has announced that it needs at least two million pounds in donations in order to maintain the London home of the late Kenyan poet Khadambi Asalache, which he spent twenty years decorating with elaborate fretwork carvings.
GM recently announced that it needs nearly $17 billion in additional federal funding, or it could run out of cash as early as March.
The Global Fund, the world's biggest funder in fighting the three pandemics, recently announced that it needs $15 billion over the next three years to continue combatting AIDS, TB and malaria.
22 May Following complaints from member countries at the World Health Assembly meeting held in Geneva this week, WHO announces that it needs to rethink its phasing system and the definition of the word "pandemic".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com