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The pace of change in the chemicals industry is slow. Despite a wave of mergers and acquisitions between the likes of Degussa and Hüls, and Dow Chemical and Union Carbide, the same companies have held the top ranks for well over a decade. What is wrong with that? Nothing—if the...
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US investment banks are cutting costs by shrinking employment, but they can trim other types of spending without causing serious damage to their culture or morale.
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