I have seen companies go through cost cutting exercises and deal with excessive property costs in a big blitz, and then sit back and say, 'OK, now we have done our cost cutting, we can get on with running the business.' This is such a bad approach.

(Repeats story transmitted late on Wednesday) By Susan Kelly June 21 (Reuters) - In economically distressed northeastern...

Cutting costs is for all seasons, but there is a great temptation for overzealous leaders to make decisions which look good but are counterproductive.

Bank of America Corp (BAC.N) dismissed 13 investment bankers in its industrials group and may cut more, Bloomberg reported on Tuesday, citing two ...

NEW YORK — The nation's largest mortgage lender is turning to cost-cutting as the economy sputters and the grinding housing slump means waning p...

JAKARTA - HSBC Holdings will run down its $33 billion U.S. credit card business if it cannot find a buyer, the bank's chief executive said on Mond...

Over the course of the recession, major companies have failed, entire industries have withered. But at least a few have not only survived, but grown. ...

NEW YORK -- Despite high unemployment and a largely languishing real estate market, U.S. businesses are more profitable than ever, according to federa...

NEW YORK — Wal-Mart Stores Inc. reported a 3.6 percent increase in second-quarter net income and raised its earnings guidance for the full year ...

WASHINGTON — The Postal Service reported a loss of $3.8 billion last year, despite a reduction of 40,000 full-time positions and other cost-cutt...

A Robust economic recovery in 2010 is certainly on most investors' wish lists as this year draws to a close. A return to prosperity would not only mea...

Revenue creation is now the holy grail and things like organizing, planning and long management meetings must be put on the back burner