jing ji mao yi pian Item 12

Song 经济贸易篇Item 12
Artist 英语听力
Album 听透VOA

Lyrics

The list of U.S. companies announcing lower second-quarter earnings keeps getting longer. Some heavyweights are included among the corporate victims of a slower U.S. economy, and it goes beyond the U.S. borders. On Friday, Nortel Networks of Canada, the world's leading supplier of telecom equipment, said it would take a big loss and plans to cut more jobs. Meanwhile, U.S. manufacturing slumped in May for an eighth consecutive month. And businesses are cutting prices in the face of slower demand.