UPDATE 2-Ballard eyes cost cuts in tough equity market

Newswire

(Recasts with details from conference call, adds analyst comments) VANCOUVER, British Columbia, Oct 30 (Reuters) - Faced with tough equity markets to fund development of fuel-cell technology, Ballard Power Systems Inc. said on Wednesday it will focus on saving money and concentrate on products that are close to reaching the market place. Ballard reported a doubled third-quarter loss on Wednesday due largely to money-losing acquisitions and foreign exchange losses. The results were in ...

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