Aligning these resources is the best way for the combined companies to leverage this transformational period, and drive more quickly towards the rising opportunities.

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In all mergers, airlines shift service to better leverage a combined network.

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We have not only a growing backlog, but a strong design pipeline, which combined with strong operating leverage from increasing revenue will allow us to drive earnings and cash flow.

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"We intend to leverage our combined resources, management expertise, and established industry relationships to provide the best customer experience in the online wine space, " said Bill Newlands, president and CEO of wine.com, who will serve as CEO of the new company.

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Combined with lower EBITDA, leverage has risen to more than 2x.

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Combined, this information helps agencies manage workloads, leverage strengths, and close gaps.

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That fact, combined with his lack of an operating plan going forward, means that he will have no leverage to negotiate a fair deal with Microsoft.

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