11.   Traditionally, investors seek high profits, which guides them to the most efficient companies.

12.   However, the analyst said whether the mergers would make these finance companies more efficient is left to be seen.

13.   The American automakers have been trying to cut costs to improve profits and compete better with more efficient foreign companies.

14.   The Czech steel industry is in danger of collapse due to mounting debt held by various companies and an inability to compete against more efficient companies internationally.

15.   Speaking on French radio, Forgeard also said that Airbus would remain a more efficient company than its US rival Boeing.