Volvo Group Dips After Truckmaker Warns of Cost Pressures, Supply Disruptions

By Scott Kanowsky — Volvo, AB ser. B (ST:) warned that it faces ongoing cost pressures due to supply chain constraints and soaring inflation despite the Swedish truckmaker posting a rise in and revenue in the third quarter. Operating income during the three-month period jumped by more than 26% year-on-year to SEK 11.87B, as an … Read more

Oracle launches B2B Commerce service to cut cost of doing biz

Las Vegas, Oct 19 (IANS) Cloud major Oracle (NYSE:) on Wednesday launched a new service that will integrate and automate end-to-end business-to-business (B2B) transactions. Oracle B2B Commerce will provide integrations with J.P. Morgan’s Payments business for integrated banking and J.P. Morgan travel card and expenses services as well as a planned logistics services integration as … Read more

H&M Shares Slide as Retailer Unveils Cost Cutting Plan to Counter Market Headwinds

By Scott Kanowsky — Shares in H & M Hennes & Mauritz AB B (ST:) dipped in early trading on Thursday after the Swedish fast fashion brand unveiled a major new cost cutting strategy in response to lower-than-expected . The world’s second-biggest fashion retailer said it will initiate a plan to “streamline” the business, with … Read more

Meta Platforms Confirming Cost Cuts Would be a ‘Key Catalyst’

© Reuters By Senad Karaahmetovic The Wall Street Journal reported yesterday that Meta Platforms (NASDAQ:) may cut costs by 10% or more over the next few months. The cost cuts may result from internal business reorganizations that may see some jobs become redundant. Meta reported a 22% YoY increase in costs to over $20 billion … Read more

Gadkari emphasises on reduction of logistics cost to 10% with cooperation, coordination, and communication

New Delhi, Sep 20 (IANS) Union Road Transport and Highways Nitin Gadkari on Tuesday emphasised on reduction of logistics cost from 14 to 16 per cent to 10 per cent with cooperation, coordination and communication among stakeholders. Addressing the programme “Climate Goals: Technological Roadmap to Net Zero”, he said by reducing logistics cost, there will … Read more

How private 5G, satellite internet services can cost dearly to companies

New Delhi, Sep 18 (IANS) As players like Elon Musk’s SpaceX, Hughes Communications India (along with ISRO) and Amazon (NASDAQ:) ramp up efforts to provide affordable internet services via low-earth orbit (LEO) satellites, the business model and pricing will be a challenge for scaling up networks, according to a new report. A few players are … Read more

Netflix Looks for Cost Cutting Opportunities in Cloud Computing, Real Estate

© Reuters. By Sam Boughedda Netflix (NASDAQ:) is assessing its platform for opportunities to cut costs, according to an article from the Wall Street Journal on Wednesday. With subscriber growth at the company slowing, the WSJ said its sources told them that Netflix is looking at aspects such as reducing its real-estate footprint, restricting corporate … Read more