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Yesterday, Yahoo sharply cut its revenue and profit forecast for 2001 because of soft demand for advertising.
Analysts said that, like the network, the publishing group's main problem is soft demand for advertising space.
Axsys Technologies fell 17 cents, to $10.74, after reducing its second-quarter outlook and cutting 9percentt of its work force because of soft demand for products.
Overseas, revenue rose 4.9percentt, but that was attributed to higher foreign exchange rates that masked soft demand for services abroad.
The discussions underscore the intense pressure on corporate law firms to expand their businesses in a time of persistently soft demand for legal services and an increasing globalization of the corporate law industry.
Soft demand for labor implies continued wage stagnation, which in turn implies lax consumer demand — a circumstance that will be even more pronounced in 2013, as workers adjust to lower paychecks due to the end of the payroll tax break.
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The research firm attributed the shortfall to softer demand for consumer PCs in the United States and Western Europe.
Global investors were uneasy after the United States released figures on Friday showing decreasing personal incomes and weak consumer spending, suggesting softer demand for foreign goods.
While he still says that health care is more immune than other industries to economic cycles, he thinks evidence is emerging that a softer economy can lead to softer demand for some health care services.
Mr. Goodmanson attributed the sluggishness to the global technology slowdown, as well as a softer demand for DuPont products in Europe and declining demand for carpets and paint in North America.
General Dynamics, which is having softer demand for armored vehicles after the war-related surge in previous years, said its Gulfstream business jet segment had the best quarter for new orders since mid-2008.
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