Tag: costs
NEW YORK (Reuters) – Even after years of lean times, big U.S. banks are coming under new pressure to cut costs. But management teams are finding some expenses simply won’t budge – like the $1 billion a year it costs Bank of America Corp to shuffle papers around and transport money in armored trucks. Other […]
SAN FRANCISCO (Reuters) – In the wake of Amazon.com Inc’s disappointing financial results that sent shares plunging Thursday, analysts blamed rising costs to deliver goods, which increased to $4.5 billion in the quarter, up 24.4 percent from the same quarter last year. And they sharply questioned the company’s plans to continue to make heavy investments […]
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