Word: cutting
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...firms are getting into the "green" car business at just the wrong time, which is consistent with the rest of their behavior over the last four decades. Oil prices are moving back toward $30 and many economists believe this that will be the new normal. China and India have cut imported oil as their economies slow. Americans would rather ride bikes that drive cars...
...Italy, there was a mix of relief and anger. Labor unions, which struck as recently as last Wednesday, have virulently opposed the new consortium, which has trimmed the 20,000 work force by some 3,000, and cut pay and benefits to those employees who remain. Unions say that joining up with Air France is essentially the death knell for the Italian carrier. More labor unrest is expected. But many ordinary Italians will finally be satisfied that an apparently viable solution had been found to avoid more public investment or outright failure of the national carrier...
...study showed Barbash and others in the Clinton Administration that there was a need for liberalization for hedge funds. "There was a greater appetite for them, and the 100-person rule was too narrow," says Barbash. "The philosophy was that we needed to cut regulation for larger, more sophisticated investors...
...will become apparent in the coming weeks, when companies release fourth-quarter and year-end earnings statements. In conference calls to investors and analysts, top corporate executives are likely to explain how they plan to handle the loss. Many will probably reduce sharply or even eliminate new benefits packages, cut wages and resort to more job cuts to recover the loss. It will also likely mean reducing investments in new products and even borrowing from other parts of the business. "It's very difficult to do all of that," Hartshorn says...
...official from Harvard’s Italian program said that the College Board’s decision to cut the Advanced Placement Italian exam starting next year might reduce the number of undergraduates pursuing citations, secondary fields, and concentrations in the language. Elvira G. DiFabio, the Italian program’s director of undergraduate studies, said the College Board’s decision was “really unfortunate” because AP Italian allows “more freshmen into the advanced classes” and “may even lead them to consider a concentration...