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"The difficult business conditions facing the company -- the same conditions that caused the layoffs -- all remain.
Corporate clients, themselves wrestling with difficult business conditions, are demanding reduced fees from their outside counsel.
But difficult business conditions, in addition to Procter's size and conservative, risk-averse culture, undermined his strategy.
After the downgrades, the banks stand barely above the minimum for an investment grade rating, a sign of the difficult business conditions they face.
Shares in I.B.M. rose 95 cents, or 1.4percentto to $69.70 despite falling early in the session after Goldman , Sachsreduced its estimates on the stock because of difficult business conditions.
"We are facing severe challenges, including notably shrinking external demand, overcapacity in some sectors, difficult business conditions for enterprises, rising unemployment in urban areas and greater downward pressure on economic growth," Mr. Wen said.
Similar(45)
But in a statement on Wednesday, Solyndra said its business had run into trouble because of difficult global business conditions, including slowing demand for solar panels, and stiff competition.
"Business conditions remain difficult as we enter the new year," he said.
The company's short-term business conditions are difficult, he added, but he foresees significant improvement over the next three years.
Even though default rates on commercial mortgage-backed securities are less than 1.0% compared with ratese higher than 20.0% for high-risk home loans that level is expected to rise as the global economic slowdown makes business conditions increasingly difficult for hotels, retailers and other companies carrying office building mortgages.
As business conditions became more difficult after the Internet bubble burst, company founders were often pushed aside.
More suggestions(11)
difficult industry conditions
difficult economic conditions
challenging business conditions
difficult business decisions
difficult business model
difficult business issues
difficult weather conditions
difficult business problems
difficult batting conditions
difficult business situation
difficult market conditions
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com