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While improving financial markets have increased Merrill's revenue, the substantial cost cuts made over the last couple of years by the firm's chairman and chief executive, E. Stanley O'Neal, have fattened its bottom line.
FINANCIAL TIMES Bhattal Said to Have Urged Cuts at Nomura || Jasjit Bhattal, who retired as head of Nomura's wholesale banking division, had pushed for substantial cost cuts, including shutting down operations in some countries and closing some businesses, but failed to win support, The Wall Street Journal reports, citing unidentified people familiar with the matter.
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Priceline has also benefited from substantial cost-cutting.
Even more enticing for potential IPO investors is a ruling, made by America's tax authorities last year but only recently made public, that GM can carry forward $45 billion in tax losses and set them against profits for up to 20 years.Substantial cost cuts are in prospect too.
Mr. Leahy said airlines could not expect substantial price cuts on jets because prices are linked to production costs.
Running some of the most expensive instances like the memory-optimized cr1.8xlarge instance, for example, will still cost $3.5 per hour, even as some of the smaller memory-optimized instances get substantial price cuts.
Substantial job reductions and other cost cuts, along with improvements in overseas markets and better pricing on newly introduced vehicles like the Ford Edge crossover, helped explain the increase.
Whitbread, the owner of Premier Inn hotels and Costa Coffee, said it expected to cut spending and increase some prices to counter the "substantial" cost of the "national living wage", as it posted slowing second-quarter sales.
IBM Earnings Rise On Acquisitions, Cost Cuts.
Kmart Q2 Loss Narrows On Cost Cuts.
But according to David Morse, a Pew spokesman, it has been able to cut "substantial costs" from its operation simply by allowing prospective grant recipients to submit some parts of their grant applications online.
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