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Vodafone to speed up cost cuts
Vodafone is expected to say that it is seeking savings of more than £500m by March 2010 as the mobile phone operator grapples with competitive and economic pressures in Europe
FT

GM slashes U.S. dealers after Chrysler
General Motors <GM.N> said it would drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.
tiscali.co.uk

Nasdaq OMX Aims to Stem Slide in Market Share
Nasdaq OMX may provide a new stock-clearing service at cost in an effort to arrest the fall in its share of U.S. stock trading.
Wall Street Journal

Pacific Energy Resources Ltd. Announces First Quarter 2009 Financial and Operating Results
LONG BEACH, CALIFORNIA--(Marketwire - May 15, 2009) - Pacific Energy Resources Ltd. (TSX:PFE) (the 'Company') announces its first quarter financial and operating results for the quarter ended March 31, 2009. Financial Results: The Company's net loss from continuing operations was $41.2 million for the first quarter of 2009 compared to a net loss of $88.7 million in the first quarter of 2008. Included in the net loss for the 2009 period was $9.6 million of restructuring expenses and an inventory write down of $3.2 million. Included in the first quarter of 2008 results were the acceleration of expensing of accretion and amortization of deferred financing costs of $48.4 million. Net loss from continuing operations for the fourth quarter of 2008 was $185.1 million, including impairment charges of $131.4 million.
Market Wire

Following Chrysler, GM slashing U.S. dealers
DETROIT (Reuters) - General Motors Corp said it would drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.
Reuters

`True cost` of cars to be displayed
NEW-CAR buyers are bracing for the biggest showroom sticker shock since the introduction of the GST.
Cnet

Guaranteeing US states` debt
Attempts to backstop parts of the $2,600bn municipal bond market, which Congressman Barney Frank claims 'would cost the government zero', are unrealistic
FT

Ferrari seeks injunction against F1 cost-cap rules
Ferrari applies for injunction against F1 changes as budget cap row hots up
Motoring.co.za

St. Joe Is Dirt Cheap (JOE)
Now might be an excellent time to acquire prime Florida land selling at a fraction of its true cost.
Investopedia.com

Benefits of Health IT Quantified
Rand recently released a study showing that once health information technology is adopted by 90% of providers, the cost savings will be significant. Adoption will require an initial investment...
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November 2009
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