A Ford representative
said the price cut, «keeps us competitive in the marketplace and is an important part of our commitment to provide customers with a range of electrified vehicles to choose from.»
The said price cut is expected to boost sales of Land Rover SUVs in India as the automaker's cars are now priced in direct competition to its immediate rivals from Porsche, Audi, BMW and Mercedes.
Dodge
says the price cut also extends to the 2014 models currently sitting on dealer lots.
Stephen Baker, a consumer technology analyst with research firm NPD Group,
said the price cut to the Kindle Fire HD will do more to help Amazon compete in the tablet market than the added features on the newer models.
The report
says the price cuts on the speakers during the holiday season helped Amazon and Google sell more units.
Not exact matches
Apple
said it will
cut the
price for iPhone battery replacements, from $ 79 to $ 29 for customers with an iPhone 6 or newer model starting in January 2018.
But unlike Calgary - based rival Cenovus Energy Inc., which temporarily throttled back oilsands output in the first quarter because of low
prices, Husky
says it is
cutting output because it can make more money by buying «distressed» barrels from other producers.
May 1 - Regeneron Pharmaceuticals and Sanofi will
cut the net
price of their expensive cholesterol drug for Express Scripts customers in exchange for greater patient access, with some savings to be shared with consumers, the companies
said on Tuesday.
Eric Rosenquist, who has a blog called, Adventures in Canadian Cord
Cutting,
said he
cut his satellite TV service in 2012 after the Stanley Cup playoffs due to annual
prices hikes.
After the
price cuts, Blaber
said, the iPad is «vastly more competitive against Chromebook.
«Markets have moved to
pricing in decent odds of a further
cut,» Scotia researchers
said in a note to clients this morning.
At least six analysts have either downgraded the stock or
cut their
price targets since CEO John Flannery
said he would review the dividend as he presented an «unacceptable» set of quarterly results.
The Bank of Canada
said nothing in public about the possible merits of deficit spending as it twice
cut its benchmark interest rate last year to offset the collapse of oil
prices.
In response to a question about whether a rate
cut amounted to pouring gasoline on the overheated housing market, Poloz
said «We admit that these conditions are likely to cause financial imbalances,» in some cases, but that the Bank's primary goal is to ameliorate the «financial shock» to the economy caused by the drop in oil
prices.
«I will do anything to help Lucas reach his financial goals,» Dan
says, «as long as it doesn't lead to
price increases to our merchants, decreases in services to them, pay
cuts, or other types of cutbacks to our investments in our team.»
«Many investors point to the rally in US equities since August as evidence that a tax
cut is already
priced in,»
said Parker.
The meeting is not about
prices or production
cuts but about technology and production outlooks, he
said.
Ackman
said he would recommend an overall 30 %
price cut for Nitropress and Isuprel to Valeant's board in the coming days.
The meeting is not about
prices or production
cuts but about technology and outlooks, he
said.
But in a late 2016 investor letter he
said OPEC's deal to
cut supply meant the cartel was going to be more heavily involved in setting
prices, and was likely to be bullish.
The decline partly reflects falling hardware
prices, Weins
says, but competitive
price cutting has also been a major factor.
«International research has found that highly indebted households
cut back their spending to a greater degree in response to declining house
prices than those with lower debt levels,» he
said in a letter to the House finance committee this month.
T - Mobile in January
said it would stop adding additional fees and taxes to customers» unlimited plan bills, an effective
price cut of about 10 %.
Ford Motor
said on Wednesday it plans to
cut 1,400 salaried jobs in North America and Asia through voluntary early retirement and other financial incentives as the No. 2 U.S. automaker looks to boost its sagging stock
price.
Stocks of major food retailers fell after Amazon
said Whole Foods will
cut prices on many of its best - selling grocery products in four days.
«Because we're going to eliminate the maverick, T - Mobile, from having the incentives to be so aggressive in terms of
cutting prices,» Economides
said Monday on «Closing Bell.»
Neither
cut was a particular surprise: Buffett had previously
said he erred in buying Conoco at a peak
price for oil (though now, of course, the commodity's rising
price is putting a different cast on the investment) and he had publicly protested Kraft's 2010 purchase of Cadbury, which he thought not in the interests of Kraft's shareholders.
Oil
prices rose on Friday after the Saudi energy minister
said OPEC would need to keep coordinating supply
cuts with non-member countries including Russia into 2019.
In February, Verizon (vz)
said it would
cut the
price of its $ 4.5 billion acquisition bid for Yahoo by $ 350 million because of the data breaches and related aftermath.
A
cut in the offer
price by Broadcom for Qualcomm is a message ahead of a crucial March 6 meeting,
says Srini Pajjuri of Macquarie.
The online retailer, whose purchase of Whole Foods will close on Monday,
said in a press release on Thursday that it would immediately
cut prices on a selection of best - selling basic items, with more to follow, and down the line will make Amazon Prime the loyalty program for Whole Foods, offering members special deal and other perks in stores.
«Trade wars, a recession, any notion of any weakness in global economies are going to
cut into,» oil
prices, Kloza
said.
«U.S. growth of 0.6 million barrels a day in 2017 beat all expectations, even with a moderate
price response to the output deal as the shale industry bounced back — profiting from cost
cuts, stepped up drilling activity and efficiency measures enforced during the downturn,» the group
said.
Turing Pharmaceuticals founder Martin Shkreli confirmed the
price cut to NBC News on Tuesday but did not
say how much the company would reduce the cost of Daraprim.
It gave shockingly cautious guidance,
saying that it would
cut prices for semiconductors across the board.
However, some customers didn't even notice the
price cuts or
said they weren't lower enough to make a difference, as they seemed to be focused on specific items rather than being implemented across the board.
Amazon is aggressive with
price cuts and innovation, which will probably keep competitors like Microsoft from catching up for years, Leong
said.
CNBC's Jackie DeAngelis reports on falling oil
prices after Iran
says it would counter
price cuts made by Saudi Arabia.
When asked if he was worried about U.S. shale producers ramping production and eclipsing the recent international
cuts, Novak
said, «Undoubtedly the joint action by many countries to achieve the balance and to reduce the output are aimed at giving stability to the market and as a result we see a great level of investment, lower volatility,
prices stabilizing at a certain level, which does play out to move investment going into shale production so one needs to assess the overall supply and demand balance.»
And Vasos
said more
price cuts could be in the offing.Dollar General operates 12,500 stores.
Fresh off of a new $ 250 million round of funding, the ridesharing service
said it is
cutting prices across all markets.
China's Sinopec, Asia's largest refiner, plans to
cut Saudi crude oil imports loading in May by 40 percent after national oil company Saudi Aramco set higher - than - expected
prices, an official from the company's trading arm Unipec
said.
The ideal situation is to
cut the market into segments with different
price points, Stiving
says.
Media giant Viacom
said on Wednesday it
cut the compensation of its top two executives, executive chairman Sumner Redstone and CEO Philippe Dauman, as the company faced business pressures and a sharp drop in its share
price.
Williamson
said the PMIs pointed to fourth - quarter GDP growth of 0.1 percent, weaker than the 0.2 percent predicted in a Reuters poll last week, but that very weak expansion is coming at a cost: firms
cut prices for the 33rd month.
O'Loughlin
said that relatively high oil
prices, supported by healthy demand and production
cuts by the Organization of the Petroleum Exporting Countries (OPEC) to tighten markets, «are encouraging U.S. shale producers to continue ramping up production.»
Research firm NPD Group earlier this month warned much of the same would continue in 2017: it sees stalled growth and
says those
cutting back on restaurant visits are doing so because they think
prices are too high.
Food retailers, including Ahold Delhaize, Carrefour and Tesco were sharply lower after Amazon
said it would
cut prices at Whole Foods.
The world's biggest miner BHP Billiton reported a 25 percent rise in underlying half - year profit on Tuesday, helped by robust metals
prices, and
said its focus remains on
cutting debt and boosting shareholder returns.
«I believe we are in for much greater volatility in oil
prices for the foreseeable future and that's why you've seen Cenovus preserve cash by moderating our growth and reducing our workforce,» CEO Brian Ferguson
said in announcing the job
cuts.