The move has been welcomed by policymakers who say a central agency will halt leakages, curb delays, slash operation costs and prevent projects being rushed through by individuals misusing their discretionary powers.
Pfizer shuttered the Kalamazoo labs and slashed operations.
Whitman said that he saw "considerable improvement" in those two markets next year, but slashing operations in those areas could have serious consequences.
Most major cities have just one newspaper, and the industry is awash with bankruptcies, slashed operations and downsizings that Editor and Publisher reports have shed one fifth of America's journalists in a decade.
A railway union strike is scheduled for 3 days on May 14th in protest against the Beeching Report, which calls for a slashing operation on Britain's railway system.
Intelligent Processing Solutions Ltd iPSLL), which processes 5m cheques a day, said it plans to slash its operations to two sites in Northampton and Milton Keynes.
The city is contending with gaping budget holes, companies are slashing their operations, stores are shutting down, and workers are losing their jobs.
Concerned about noise, pollution and safety, those well-heeled Westside communities have been pushing city officials for years to either close the airport or slash its flight operations -- demands that intensified after a private jet slammed into a hangar Sunday in a crash believed to have killed at least two people.
Nasdaq dealing is again so profitable that Merrill, which slashed its operation a few years ago, spent $914 million in June for Herzog Heine Geduld, the largest Nasdaq marketmaker.
J.P. Morgan has struggled in the last year, underperforming most rivals as it continues to slash costs and merge operations after the $58 billion merger with Bank One last year.
