11.   Securities firms in Asia have trimmed expenses and put expansion plans on hold this year as tumbling currencies drag down financial markets from Mumbai to Manila.

12.   That will allow them to trim expenses and lower their cost of capital, giving Zell an opportunity to bid more aggressively than competitors on properties up for sale.

13.   The banks are reducing their branch numbers, planning staff cuts and centralizing their service operations to trim their expenses.

14.   The company has began to trim expenses and focus on its key businesses.

15.   The company also expects to trim expenses in the current quarter by reducing bonuses.

16.   The company is also renegotiating with various consultants and vendors, aiming to trim those expenses as well, Howard said.

17.   The mistake, some believe, was a failure to trim expenses when overly optimistic sales projections did not come true.

18.   The same forces are encouraging property managers to merge in order to trim expenses.

19.   To take these tacks, of course, Corporate Express must trim expenses.

20.   Pilots also are upset by the leasing of Australian crews and plans by Alitalia in a further attempt to trim expenses.