11.   The company said the reduction in inventory stocks freed up cash, enabling it to take out less short-term debt and to narrow its losses in its financial operating.

12.   The sale is part of Celulosa efforts to consolidate operations and narrow its losses.

13.   Toulantis has helped narrow its losses by leading an effort to reduce costs.

14.   USAir disputed the view, pointing out that it was narrowing its losses.

15.   While continuing to be a drag on the parent, Euro Disney narrowed its loss in the quarter.

16.   Woolworth Corp. reported its loss narrowed in the quarter amid real estate gains and improvement in its specialty stores.

17.   Even smaller markets narrowed their losses as tensions eased by midday.

18.   Even some small markets that stayed in the red, such as Manila and Jakarta, narrowed their losses dramatically by the end of the day.

19.   Forster has admitted that the German unit may be unable to narrow the loss this year, as it had targeted.

20.   However, Flynn warns early success by Chrysler at narrowing its losses should not be viewed as signs of a turnaround.