Vocabulary tasks

А. Find the key word according to its definition:

1. a period of great success, popularity, or power

2. to be in the same position as someone or smth else as each progresses or moves forward

3. expectations, desire that thing will bring success

4. to use up the available supply of

5. in complete agreement or showing complete agreement

6. to stop something unwanted from spreading or increasing

7. getting control of another company by buying most of its shares

8. to state or do over again or repeatedly sometimes with wearying effect

9. a downward movement; to deteriorate gradually; fail

10. a proceeding in a court of law brought by one party against another, esp. a civil action

В. Complete the sentence.

Use an appropriate word or phrase from Exercise 2 to complete each sentence.

1. She'd ………….. her ……….. ….. an early acceptance to the college but it didn't materialize.

2. The CP/M operating system had its ………….. in the 1980s but soon it lost its competitive advantage.

3. The working middle class, without doubt, is …. ………... Almost 50 percent of the country is near or in poverty.

4. Teamster leaders have voted …………… to kick off negotiations Sept. 27 for the national UPS and UPS Freight contracts covering about 250,000 union members nationwide.

5. The stock market is improving. Corporate profits are up dramatically. But workers’ wages ……… ……… …….. recovery.

6. If you have rapid growth in credit sales, for example, profit could far exceed actual cash received. This sort of situation makes smaller companies very vulnerable to …….. ….. …… cash.

7. New legislation in the province will allow the Saskatchewan government …………. ………… ………… tobacco companies.

8. Nokia has cut its earnings forecast for this quarter and in order ……….. its losses, it will slash up to 10,000 jobs. It will also close production and research sites in three countries.

С. Give the translation:

1. заявлять о несостоятельности фирмы

2. вернуться в обычный режим; войти в колею

3. дочерняя компания; филиал

4. необоснованный; безосновательный

5. нарушать, преступать; покушаться, посягать (на чьи-л. права)

Reading tasks

1. State whether these sentences true or false:

1. Bankruptcy protection move gives the company time to reorganize itself without facing its creditors.

2. Non-US subsidiaries were included in the move as well.

3. The move to seek bankruptcy protection comes after Kodak failed to sell its shares.

4. The company was not the first to invent digital photography.

5. The reorganization has led to a huge staff reduction.

2. Answer the questions:

1. What success did the company have in its heyday?

2. Why did Kodak hesitate before seeking bankruptcy protection?

3. What was the firm pinning its hopes on in 2011?

4. Why did Kodak launch lawsuit against HTC, Apple and Samsung?

5. What is meant by the term “cannibalization” in the text? What does it refer to?