41. To cut costs, it has restructured its supplier relationships and closed banana warehouses in England run by Geest, which is half-owned by Fyffes. 42. U.S. stocks dropped, tracking bonds lower, as concern spread that higher borrowing costs will cut into corporate profits. 43. Unemployment rose as many companies scaled back or froze new hiring to cut costs after their earnings last year were nearly halved on average. 44. Other expense reductions include cost cutting in discretionary spending such as contract services, travel and marketing expenses, the company said. 45. As for the holiday season, Scott said fuel costs will likely cut into disposable income. 46. Following the local market slump, the steel business has adjusted production capacity to match demand as well as brought down inventory to cut unnecessary costs. 47. Toni Sacconaghi, an analyst with Sanford Bernstein, said HP was acting wisely in moving aggressively to cut costs. 48. This means the cost of funds cuts into the profit margin of the banks. 49. While Delphi is optimistic the industry will rebound in the second half of the year, more layoffs and cost cutting are possible, he said. 50. The EPA said an annual survey indicated Japanese exporters were establishing resistance against fluctuations of foreign exchange rates through strenuous restructuring and cost cutting. |