Issues Second Quarter Warning, Plans Staff and Salary Cuts


NEW has revised its outlook for the second quarter and remainder of the year and announced a series of business initiatives designed to address the current economic climate, including staff, salary and investment cuts.

Multex is planning a series of "vigorous firm-wide cost saving measures," said Multex chairman, president and chief executive officer Isaak Karaev in a conference call with analysts and the press.

All senior managers reporting into Karaev have elected to take a

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