cost cutting – News Stories About cost cutting - Page 2

Why You Should Drink
From the Bottom of the List

WINE REVIEW

Dec 10, 2008 4:17 PM CST

Why You Should Drink From the Bottom of the List

Expensive wines can break the bank and cheaper ones may give off the impression of mediocrity, but they can save money without losing their taste

(Newser) - While most people prefer choosing from the top of any wine list, it’s not where you get the best bang for your buck, writes Eric Asimov in the New York Times. He suggests starting at the bottom. While expensive wines are a must-have for any respectable restaurant, “the...

United Should Be Liquidated

opinion

Aug 13, 2008 5:49 PM CDT

United Should Be Liquidated

Why the airline doesn't deserve a second chance

(Newser) - What with the oil price spike, times are rough all around for airlines, writes Roben Farzad for BusinessWeek. But United presents a uniquely bungled case, and it is irresponsible to pity it along with other struggling players in the industry. "Even if the airline devised a way to run...

American Stiffens Frequent-Flier Rules

Aug 7, 2008 4:50 PM CDT

American Stiffens Frequent-Flier Rules

Fees see an increase in a move to cut costs

(Newser) - American Airlines has added stiffer fees and higher mileage requirements to its frequent-flier program as the airline struggles to cope with fuel costs, the New York Times reports. American, which posted a $1.16 billion loss for the second quarter, is following the lead of Delta, which tightened the purse...

Let the Carry-On Wars Begin

Jun 17, 2008 4:35 PM CDT

Let the Carry-On Wars Begin

Checked-bag fees will lead to a crush in the overhead bins

(Newser) - With United, American, and US Airways all instituting charges for both first and second checked bags, a carry-on crunch is coming, the Wall Street Journal reminds us. Expect the baggage police to start heading off patrons flouting the cabin limit at security screenings. Airlines hope to to fight overcrowding in...

Honey, I'm Shrinking
the Tribune Papers

Jun 6, 2008 4:42 AM CDT

Honey, I'm Shrinking the Tribune Papers

Zell plans to slice pages to offset $13B debt

(Newser) - Publisher Sam Zell has announced he'll quickly slash pages and more editorial jobs to offset huge debts and a larger-than-anticipated decline in advertising revenue at his newspapers, including the Los Angeles Times and Chicago Tribune. An 80-page edition of the Tribune could be sliced to 48 pages, reports the Chicago ...

Citigroup Cuts 17,000 Jobs

Apr 12, 2007 9:47 AM CDT

Citigroup Cuts 17,000 Jobs

Investors demanded downsizing; now the pressure's on raising revenue

(Newser) - Citigroup will cut 17,000 jobs in an attempt to close the gap between its revenue, up 7% last year, and its expenses, up 15%. The two-year cost-cutting plan comes after shareholders demanded major changes, but analysts agree that lowering expenses is only the first step. Upping revenue is the...