cost cutting

Cargo rates have risen over 10% in recent weeks as some companies are prepared to pay more to ship goods after drastic cuts in passenger flights left airlines with less capacity for cargo.

SINGAPORE (April 24): Nam Cheong, the OSV builder has revealed the extent of “various obligations” owed to financial lenders and trade creditors that have fallen due, and that it expects to fall due.

NEW YORK (April 12): Goldman Sachs Group Inc. received an endorsement from Institutional Shareholder Services Inc. for the firm’s executive-pay plan after the proxy-advisory firm urged shareholders to vote against last year’s proposal.

NEW YORK (April 4): Warren Buffett’s Berkshire Hathaway Inc. eliminated 289 jobs at its newspapers amid a decline in print readership and advertising revenue.