It is slashing its variable mortgage rate by one percentage point for its 300,000 existing customers.
Love conquers all … and it's certainly causing problems for the online book subscription service Scribd, which has announced it is slashing its romance and erotica offer because readers are gorging themselves.
Less than one week after Chief Executive Rick Wagoner Rick Wagoner exuded optimism that the billions of U.S. government bailout dollars bolstered the company's balance sheet, the automaker announced it is slashing its industry sales forecast for 2009.
The company said it is slashing production at its six North American iron ore mines and one coal operation as steel demand sags further, but the Cleveland-based company's shares shot up 20.7% nonetheless.
Is it being slashed, or is it amongst the highest in the country?
Intel reported lower-than-expected first-quarter earnings and announced it is slashing 12,000 jobs, or 11percentt of its workforce.
It is slashing costs by laying off about half its 260 employees, closing its New York and Los Angeles offices, and consolidating operations in Mountain View, according to spokesperson Tricia Arana.
In an effort to start fresh, French drug maker Sanofi-Aventis said on Wednesday it is slashing 14 drugs from development in hopes of revitalizing its pipeline.
The World Food Programme says it is slashing projects in half of the country.
