The harder they fall

Article Abstract:

Overbuilding has resulted in a glut of office space in virtually every British and North American city. Building values have fallen, making it difficult for owners to pay off bondholders and mortgages. The slump has made a buyer's market, but few have enough cash to take advantage.

Finance, Prices and rates, Real estate investment, Real estate investments, Office buildings, Return on investment

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Against the wall: IBM's embattled chairman wields the axe in a bid to reverse the computer giant's sagging fortunes

Article Abstract:

IBM Chmn John Akers announced that the computer company will likely lay off 25,000 employees to prevent further losses. The company's structure has previously been criticized because of its unwillingness to adapt to market conditions.

Electronic computers, Prepackaged software, Management, Computer industry, International Business Machines Corp., IBM, Akers, John

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Shifting fortunes

Article Abstract:

Canadian investors are buying mutual funds at a rapid pace. At the end of 1992, Canadians had purchased $67 billion invested in mutual funds, compared to just $4 billion in 1980.

Canada, Evaluation, Investments, Mutual funds

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