31.   Lower rates mean reduced borrowing costs for companies, thus increasing the prospects for improved earnings.

32.   Mathewson said Citizens benefited from reduced costs from several acquisitions made in recent years.

33.   Motorola said its earnings were driven by reduced costs and robust sales of its cellular phones and telecommunication products.

34.   Most states have gone ahead with budgets and not assumed any federal windfalls in the form of reduced costs for welfare and Medicaid.

35.   Neither executive could explain in detail where billions of dollars in savings from reduced costs could come from.

36.   Phone companies say personal communications services can provide clearer signals, smaller devices and at a reduced cost compared to cellular, thus spreading the use of wireless phones.

37.   Pilkington said those are being offset in part by reduced operating costs and sales of higher-value products.

38.   Patients are limited in terms of selecting doctors and hospitals but receive treatment at a reduced cost.

39.   Publishers, printers, bookstores, and other companies involved in the production and sale of the books are contributing their services for free or at reduced cost.

40.   Reduced tariff regulations mean reduced cost of goods and a huge reduction in the time, paperwork and money that it takes to move those goods into the marketplace.