Goldman Sachs and Morgan Stanley cut it close with 5.8% and 5.7% respectively.
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Better for America to hold Pakistan close than cut it loose.
Deutsche Telekom, with almost euro50 billion of debts, says it will cut its burden this year by close to euro30 billion.
The company said it would cut 10 percent of its staff and close five manufacturing plants.
Meanwhile, Qantas has said it will close some international routes and cut almost 500 jobs.
Strong labor unions and government pressure has made it increasingly difficult for automakers to cut jobs or close plants in the region.
Meanwhile, Circuit City, a big electronics retailer, said it would cut about 17% of its workforce and close 155 of its stores ahead of the Christmas season.
Last week, Thomas Cook said it would cut 2, 500 jobs in the UK and close 195 of its 1, 069 High Street stores.
It is he who wants to close tax loopholes and cut the tax benefits to richer savers, while wallowing in tax-sheltered wealth.
However, it would be a last resort to close fire stations and cut the number of fire engines.
It also plans to close its Dalkeith bus depot and "significantly" cut the size of its Musselburgh depot.
And this week DuPont announced it will cut by two-thirds its contributions to its traditional pension plan, close off the plan to new employees and boost contributions to employees' 401(k) accounts.
And this week DuPont (nyse: DD - news - people ) announced it will cut by two-thirds its contributions to its traditional pension plan, close off the plan to new employees and boost contributions to employees' 401(k) accounts.
Under the plans, the Conservative-led authority said it would not close any libraries but about 20, 000 opening hours would be cut from April 2012.
Just summoning it starts the sky off in a series of flashes and tones like a cut scene from Close Encounters of the Irrational Kind.
The deal is expected to close later this year and when it does the new owners will have their work cut out for them.
As 2011 drew to a close and the sun was due to set on the payroll tax cut, Congress did what it does best, agreeing to a last-minute, ill-conceived two-month extension that was not offset with any increased revenue or spending cuts.
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Councillors in Taunton are being asked to cut their annual allowance to help rescue the town's theatre which said last week that it would have to close.
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