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Shrink In The News

Surging Costs Shrink Bottom Lines in Utility Sector

A significant change facing the utilities sector is the implementation of the Smart Grid. A digital upgrade to old analog distribution systems, the smart grid allows companies to more closely monitor the electricity usage. Additionally, the smart grid ... Source: Yahoo Finance

Nokia sees profits, market share shrink in Q4

HELSINKI (AP) -- Nokia Corp. on Thursday said net earnings fell 21 percent in the fourth quarter as competitors clawed market share away from the world's top cell phone maker. The company gave a meager outlook, saying that it expects flat or little growth ... Source: Yahoo Finance

Small firms can’t shrink from risk

Red Bird Ink uses 19th-century technology to make products for the global marketplace, where the tiny company’s work goes up against waves of cheaper, mass-produced competition. It sells art prints, stationery, coasters and wedding invitations. And while ... Source: Atlanta Journal Constitution

Size of FHA-backed mortgages should shrink, says report

WASHINGTON — The size of mortgages backed by the Federal Housing Administration (FHA) should shrink dramatically so the agency can protect itself against unnecessary financial risk, according to a report to be released this week by George Washington ... Source: Seattle Times

Affymetrix 4Q profit climbs as costs shrink

SANTA CLARA, Calif. (AP) -- Genetic testing instrument maker Affymetrix Inc. said Wednesday its profit rose 42 percent in the fourth quarter as its costs decreased, offsetting lower revenue. Affymetrix said its net income grew to $4 million, or 6 cents per ... Source: Yahoo Finance

Small towns shrink as city populations boom

Frankfort - Some of the people responsible for the increase in population reflected in the latest U.S. Census are coming from counties outside the Indianapolis metropolitan area. Clinton County is one of the places that is losing people. Brent Walker has ... Source: msnbc.com

Bain’s Burlington Seeks Extension as LBO Debt Maturities Shrink

Feb. 11 (Bloomberg) -- Burlington Coat Factory Warehouse Corp., the Bain Capital LLC-owned discount apparel retailer, led companies this week raising money in the loan and high-yield bond markets to refinance debt in order to push out maturities and lower ... Source: BusinessWeek

Fannie, Freddie to Shrink Under Treasury Housing Plan

(Updates with comments at U.S. House meeting in 23rd paragraph.) Feb. 9 (Bloomberg) -- U.S. Treasury Secretary Timothy F. Geithner will present Congress with three options for reducing the government’s role in the nation’s housing finance system and ... Source: BusinessWeek

CBO: Health law to shrink workforce by 800,000

CBO Director Douglas Elmendorf told the House Budget Committee on Thursday that the health care law will reduce employment by 0.5 percent by 2021 because some people will no longer have to work just to afford health insurance. “That means that if the ... Source: Politico.com

Corn prices rise 3.6 percent as government says global stockpiles shrink and demand increases

Corn prices rose Wednesday after a new government report predicted stockpiles will hit a 15-year low by late August. The U.S. Agriculture Department's latest forecast said corn supplies are expected to total 675 million bushels as of late August when this ... Source: Minneapolis Star Tribune