UPDATE 1-Ballard looks to cut costs as loss widens

Newswire

(Recasts, adds details. In U.S. dollars unless noted) VANCOUVER, British Columbia, Oct 30 (Reuters) - Fuel cell developer Ballard Power reported a doubled third-quarter loss on Wednesday due largely to money-losing acquisitions and said it will now work to cut cash consumption "significantly". While the Vancouver-based company reaffirmed its 2002 sales and expenses forecast, it said it may shelve technology that doesn't have a quick payoff and will consider ways to better benefit from ...

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