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Big Oil Gets Serious on Cost Cuts in Worst Slump Since 1986
2015-01-19 06:12:17| Electronics - Topix.net
Major oil companies are awaking from their slumber and facing up to the magnitude of the crash in crude prices. From Royal Dutch Shell Plc canceling a $6.5 billion project in Qatar to Schlumberger Ltd. firing about 9,000 people and Statoil ASA giving up exploration in Greenland, the oil industry this week concluded that the slump is no blip.
DuPont Posts 3Q Beat as Cost Cuts Boost Margins
2014-10-28 15:54:28| Chemicals - Topix.net
DuPont's third-quarter profit scraped past the average analyst estimate as the company's cost-cutting efforts helped to boost operating margins in five of its seven businesses. The biggest U.S. chemicals producer by market value said operating earnings rose 17 percent to $497 million, helping to offset weakness in its farm products unit, which accounts for about a fifth of consolidated net sales.
UPDATE 1-UPM plans more savings after cost cuts boost Q3 profit
2014-10-28 13:38:43| Paper - Topix.net
Finnish pulp and paper maker UPM-Kymmene posted a bigger-than-expected rise in quarterly core profit on the back of cost cuts, and said it was planning more savings to boost profitability amid a weak European economy. The world's biggest producer of graphic papers, such as magazine paper and newsprint, said on Tuesday its total third-quarter core operating profit rose to 235 million euros , or 9.7 percent of sales, from 194 million, or 7.8 percent of sales, in the same period last year.
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Cameron tax cuts 'to cost 7.2bn'
2014-10-01 15:20:37| BBC News | Business | UK Edition
The tax cuts being proposed by David Cameron would cost around 7.2bn, the Treasury has said.
Cost cuts lift Thorntons' profits
2014-09-10 11:32:03| BBC News | Business | UK Edition
Chocolate maker Thorntons has reported a 60% rise in annual pre-tax profit as a result of cost-cutting measures.
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