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The company said in its results that it was cutting back its research and development activities, saving $1.5bn£930m0m).
On Tuesday, Exxon Mobil said it was cutting back its staff and operations in the country because of the security situation.
Bank of America, meanwhile, said it was cutting back its Brazilian operation sharply, eliminating at least three-fourths of its work force of 200.
In the latest setback to the once-promising future of electronic books, the books division of AOL Time Warner said yesterday that it was cutting back its expensive line of digital books and laying off almost all 29 employees, citing a slump in sales of all books and especially digital ones.
[C10.] AOL Consolidates Digital Books The books division of AOL Time Warner said it was cutting back its expensive and high-profile line of digital books and laying off almost all of its 29 employees, citing a slump in sales of all books and especially digital ones.
In mid-June, Goodyear announced that it was cutting back on its private-label tire business.
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It is cutting back its circulation from 2.66 million to 2.15 million.
General Motors has told Nascar teams that it is cutting back its support in all of the professional series.
Under this system, cutting production directly reduces the manufacturer's potential for revenue and profits.Ford also said it is cutting back its production in the current quarter by another 20,000 vehicles, beyond the cutback of 40,000 vehicles that it announced in July.
It is cutting back its corporate and institutional banking network from 38 countries at the end of last year to 13.
Elsewhere, American Airlines parent AMR says it is cutting back its flight schedule by 2%, and by 13% for flights outside the U.S. In other news, General Motors wants to jump-start its struggling Saab division by rolling out a new line of mid-size Sport Utility Vehicles.
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CEO of Professional Science Editing for Scientists @ prosciediting.com