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"In a weak economy where consumer spending is weak, businesses have been slashing left and right.
The disappointing revenue in the quarter was attributable to three weak businesses -- personal computers, semiconductors and disk drives.
More generally, their relationships with corporate clients have become harder-edged.Second, the private-sector banks have tackled their bad debts and discarded weak businesses.
But it has lots of weak businesses as well, including its declining consumer long-distance unit and its failed mobile-telecoms arm.
Since becoming chief executive in December, Mr. Pandit has been clearing out the corporate attic of weak businesses and unloading worrisome assets at bargain-basement prices.
Nevertheless, there have been layoffs as the company has pulled out of weak businesses, and those have been more than usually bruising.
Similar(42)
Robert Spingarn, an analyst at Salomon Smith Barney, said investors would probably view Bombardier less favorably than in the past because of its broad exposure to the "severely weak" business-jet market, the expected weakness in demand for regional jets and the "low profitability" of its rail business.
He "promised to shrink weak business units and to continue bolstering the bank's capital levels.
Even so, there is little question that ABN's investment bank was a weak business.
Country risk and a weak business environment were major obstacles to both foreign investment and commercial lending in Iraq.
And remember that 18 months ago, when the stockmarket was already weak, business people were wondering what all the fuss was about.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com