41. In such a situation, falling prices would cut into corporate profits, which would put pressure on companies to cut jobs and wages. 42. Merger price cut by billions of dollars. 43. Rising natural gas and oil prices also cut into profits, he said. 44. Blue-chip stock prices on Wall Street cut early losses, boosted by falling long-term interest rates after Greenspan testified. 45. The same day, rival chains Lidl and Plus operated by Tengelmann also unveiled massive price cuts on a number of products. 46. Mirror publisher Piers Morgan said the price cut was part of a long-planned strategy to increase readership. |