UPDATE 3-Tough equity markets force Ballard to cut costs

Newswire

(Adds closing stock price, analyst earnings estimate) VANCOUVER, British Columbia, Oct 30 (Reuters) - Faced with tough equity markets on which to fund development of its 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 company also ...

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