11. But the central location of downtown Los Angeles could offset the higher expenses by drawing more people, he said. 12. By contrast, long-term investors and investors who bought shares after the conversion had to shoulder higher expenses and bigger taxes. 13. Canadian Imperial Bank of Commerce reported lower fiscal second-quarter profit, the only large Canadian bank to do so, because of higher expenses. 14. Even with a higher expense ratio, a small fund still has fewer dollars to spend for luring a top money manager and buying the best research. 15. First Union led bank shares lower after it said higher expenses and an accounting change will cut into its profits this year. 16. For Ringer, it was higher advertising expenses and restructuring costs. 17. Fourth-quarter and annual earnings will be hurt by higher expenses as well, the company said. 18. Hilton also had higher expenses because of plans to split into separate hotel and casino companies. 19. Higher expenses also will hurt earnings, Itron said. 20. However, the higher borrowing expense comes at a time when the city an ill-afford it. |