51.   Among the benefits the exchanges and their members see are lower costs and greater efficiency.

52.   An entertainment company eager to win EMI Music could do it at a lower cost following the split.

53.   An executive at another footwear company cited even lower costs.

54.   An online pharmacy may be able to offer a drug at a lower price because of lower operating costs.

55.   An investment grade rating for companies can mean lower borrowing costs and can translate into higher earnings.

56.   Analysts said the move indicates that software companies are taking steps to improve profits and lower costs.

57.   Analysts say the technology prints much faster than inkjet printers, and yields a higher quality picture at a lower cost per print.

58.   Analysts said the need for a wider product base and lower operating costs drove the merger in the face of declining margins in both the drug and agrochemical industries.

59.   Analysts say the supermarket companies are looking better lately because they are passing on lower costs to their customers, which increases sales.

60.   Analysts said that although the company beat estimates, much of the gain came from lower costs and a lower tax rate.