Tag Archive
Japan’s Toshiba plans to cut costs
The recession hit economy of the country has taken its toll on many of the giants from all the sectors. The companies have been looking at chalking out effective cost cutting techniques and methods, including handing pink slips, cutting production, shutting units and reducing incentives of the top officers. The latest to join the... »
Higher cost, lower sales eat into margins
Out of 873 companies in India, there have been at least 401 that have improved their profit, while 39 of them made a turnaround and as many as 433 saw their combined net profit crash by half. Based on this sample of 873 firms in the manufacturing and services sectors, India Inc’s performance in... »
Mexico to shrink coins and save a few cents
Following several leads to battle recession, Mexico has proposed making coins smaller and using cheaper metals to keep costs low amid the financial crisis and volatile metal costs. The Mexican Senate on Thursday approved President Felipe Calderon’s bill to modify the country’s coinage. The plan awaits approval from the lower house of Congress, which... »
GM and Chrysler ready to agree on a part merger
General Motors and Chrysler were open to a merger if the U.S. government mandated it as a condition for providing the emergency financing. They state that this would help them survive into 2009. GM Chief Executive Rick Wagoner and Chrysler Chief Executive Bob Nardelli were testifying at a U.S. Senate Banking Committee hearing held to... »
