Excel Maritime's Cut-Rate Move
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The carrier sells its shares at a steep discount to the market price.
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The decision comes on top of 12,500 job cuts that the bank initially said it would eliminate during the merger. The bank&#39;s move drew fire from two Massachusetts
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The companyâs performance shows that it is making progress in its shift toward selling higher-margin software.
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Quarterly results suggest conditions may not be as grim as initially thought for the cruise company.
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Last week's action to cut the federal funds rate makes today's decision tougher.
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Economic data released Wednesday vindicates decision to cut interest rates.
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Steel Authority of India (Sail) has decided to reduce prices of its steel products by Rs. 1000/- per tonne for both flat as well as long products according to a press release posted on the company&#39;s website.
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Check out these highly rated stocks that have had a big price cut in the past month.
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P&amp;O will cut up to 1,200 jobs and slash services in a plan to salvage its loss-making ferry business, which has been hit by competition from low-cost airlines.
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The Motley Fool - In a move to further cut costs until top-line growth improves, Marsh &amp; McLennan (NYSE: MMC - News) has announced it is cutting an additional 750 jobs in an effort to save $350 million. While the move is another step in the right direction, Marsh still has a way to go toward regaining its former glory.
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Bank of America Corp. chief executive Kenneth D. Lewis, under pressure to explain recent job cuts made following the bank's $48 billion acquisition of FleetBoston Financial Corp. , yesterday said he will move one of the bank's four main divisions to Boston.
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The Anglo-Dutch company said the move was part of its simplification strategy, designed to cut costs.
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LONDON : Peninsular and Oriental Steam Navigation Co (P and O) -- the ports, shipping and logistics group -- announced sweeping cuts to its ferry operations to refocus the business in the face of competition from low-cost airlines.
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Bank of America said today it will cut about 2.5 percent of its work force beginning this month as a result of its merger with FleetBoston.
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Peninsular and Oriental Steam Navigation Co (P and O) -- the ports, shipping and logistics group -- announced sweeping cuts to its ferry operations to refocus the business in the face of competition from low-cost airlines.
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The airline is offering the buyouts in an effort to cut costs as the discount carrier heads into a period of expected slower growth.
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Just when you thought it was safe to go and shop for a wireless phone plan, the competitive landscape has once again shifted. This comes as no surprise as cutthroat industries with numerous players are bound to undergo consolidation.