Cost Cutting Boosts Wet Seal
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Wet Seal&#39;s (Nasdaq: WTSLA) shares were up 15% to $2.40 in after-hours trading yesterday after the struggling specialty apparel retailer announced the next step of its &quot;major restructuring plan.
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An audit found improvement in the Environmental Protection Agency&#39;s recent budgets, including a reduction of the Superfund deficit from $82.7 million to $7.6 million in 2004.
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WASHINGTON -- Robert Stec would like to help clean up the nation's dirty air, but at $1 million a plant to install air-pollution control technology, it would be cheaper for him to move his furniture manufacturing business overseas.
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The company said it was able to raise prices and improve productivity, which helped offset soaring costs for commodities like grains and cooking oils.
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More winterizing steps for big energy savings.
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By Danford, Matthew D  Designed primarily to prevent staining from water-based metalworking fluids on aluminum alloys and galvanized steel, Angus Chemical Company's Corrguard SI additive also provides emulsification and lubricity properties.
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Seven ways companies are saving natural resources -- and saving money.
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The system is targeted at installations where environmental concerns outweigh cost.
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Newell Rubbermaid Inc.  on Tuesday said charges from its current restructuring program will be more than expected, but savings from the program will also be higher than previously thought.
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Struggling clothing retailer Wet Seal Inc.  on Wednesday posted a wider quarterly loss as lackluster demand for its teen-oriented fashions forced the company to make bigger markdowns.
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Wet Seal Inc. (WTSLA.O) may have little choice but to close hundreds of its teen-oriented stores and convert dozens more to its upscale Arden B. brand if it hopes to stay out of bankruptcy, analysts said on Friday.
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Grandpa developed a waterproofing molecule and the family put it in building materials to stop problems with seepage. The business is called Hycrete.
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Reckitt Benckiser, the world's biggest maker of cleaning products, says innovation helped it increase annual pre-tax profits by 12%.
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Companies are looking for ways to cut down on greenhouse gases and save money on increasingly expensive gasoline.
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Kimberly-Clark, maker of Kleenex tissues and other consumer goods, announced a cost-cutting plan aimed at saving 400 to 500 million dollars over three years, as well as a share buyback plan.
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This move, and other cost-cutting measures, are expected to save the company $700 million to $800 million a year, the company said.
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The past few years have seen companies doing everything they can to reduce costs. From outsourcing and offshoring to RIFs (reductions in force), the byword has been, âCut expenses.â But if most of the economists are right, 2005 will be a much better year, and companies will go back to concentrating on increasing revenue.