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You might think that after a decade or two as a staple corporate activity, cost-reduction efforts would have already squeezed out the vast majority of excess spending.
But quite the opposite appears to be true, given the priority companies are still putting on cost containment, primarily because of the growth imperative. In a survey of 700 corporate executives by Accenture, 82% said their companies are focused on cost reduction as a way to free up funds to invest in growth initiatives.
Ford posted fourth-quarter revenue of $40.3 billion, up 12%, as sales increased in three of the company’s five global regions.
The European Parliamentary Research Service has estimated that corporate tax-dodging costs the EU between $54.5 billion and $76.4 billion a year.
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Divestments are being used mostly to grow core businesses and invest in new products, an EY study finds.
The breakup marks the end of Xerox’s attempt to marry services for government agencies and corporations with its copiers and printers.
The dip in GDP may not signal a long-term slowdown because some impediments to growth in Q4, including inventories, were only temporary.
The stock dives as fourth-quarter profits come in below expectations, but analysts say the outlook for Amazon is still positive.
The company is continuing to see relatively strong payments volume growth but the dollar has “meaningfully reduced” revenue growth.
The data center software provider is following the lead of parent company EMC, which is house cleaning ahead of its acquisition by Dell.
Advertising revenue in the fourth quarter rose 57%, to $5.64 billion, beating analysts’ average expectation of $5.15 billion.
The online retailer also reported lower net income and flat revenue for the fourth quarter of 2015.
Finance chiefs are more realistic than their bosses on ROI from growth initiatives funded by cost reductions, Accenture finds.
These ease of taking out a loan from peer-to-peer and marketplace lenders has consumers borrowing more.
The 5.1% drop for the month and the 3.5% decline for all of 2015 has economists worried about a pullback in capital investment.
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