FedEx Corp plans to continue its cost reduction strategy for the next two years. The package delivery company will lay out the next steps on Wednesday to slash $4 billion in permanent costs by the end ...

Mark Costa, Chairman & CEO, highlighted the importance of taking a full-year perspective to assess earnings, noting, "you can't annualize the back half for 3 reasons... normal seasonality in the back ...

CEO Mark Costa highlighted progress in Eastman's methanolysis program at Kingsport, reporting high operational rates and consistent yield performance. The program generated $25 million in earnings ...

Facing a shifting energy demand landscape, many energy and chemicals (E&C) companies have cost-reduction on their minds. Geopolitical tensions, which often drive-up oil and natural gas prices, are ...

Since the Deloitte Center for Health Solutions began surveying healthcare finance leaders in 2020, cost reduction has consistently been a top three organizational priority or concern. But in 2024, ...

Materials giant Dow Inc. will cut 1,500 jobs worldwide as part of a $1 billion cost reduction plan. In a Jan. 30 interview with Plastics News, Chief Financial Officer Jeff Tate said Midland, ...

A recent study suggested that radical cost reduction in cultivated meat production is possible. Ivy Farm, Aleph Farms and Vital Meat speak on the potential of this. A recent study in the journal ...

Cost control can be a great solution if your business is dealing with spiralling costs, cash flow problems and poor financial performance. It’s a process which can increase profits and improve ...

KANSAS CITY — Results of Food Business News’ annual Future of Food and Beverage Innovation survey provided insights into the product innovation and development priorities within the food and beverage ...

Small and midsize companies often face the challenge of managing their IT infrastructure while keeping costs under control. One area where costs can quickly escalate is the data center, which requires ...

This year, 89% of organizations are using multiple cloud services for their IT, and 73% are using hybrid cloud, a combination of both cloud-based and on-premises IT, according to Flexera. Higher ...