11. Despite its victory, the accounting industry was hit hard by the fallout from the savings and loan scandal. 12. For the fourth quarter, several analysts told Bloomberg they expect commodity prices to remain unchanged and that the wave of takeovers to hit the industry will continue. 13. He said he expects the tourism, retail and service industries will be hit hard for at least the next six months before there is any sign of recovery. 14. It also hit the industry like an earthquake. 15. Indeed, the telecommunications industry has been hit hard by fierce price competition in all lines of the business. 16. Life was disrupted in Maine, New Hampshire, and Vermont, but no industry was harder hit than skiing. 17. Like the airline business, the hotel industry was already hit hard from the sudden drop in corporate travel that hit unexpectedly late last winter. 18. Negative publicity hit the industry after a prominent money manager, John Kaweske of the Invesco Group, was dismissed in a furor over his private investments. 19. On the darker side, the industry has been hit with huge increases in postal rates and paper costs. 20. Reinsurance companies assume some of the risks ordinary insurance companies write and the overall industry has been hit with some huge losses in recent years. |