April 2, 2014 11:54 AM

MRIGlobal cutting expenses because of revenue declines

Moody’s Investors Service, in a newly-released credit report, said the Kansas City research institute slashed expenses by 25.7 percent in fiscal year 2013 because of a drop in revenue. It said the financial situation at the institute has yet to stabilize because of the competitive environment for research funding. MRIGlobal said there would be no impact on operations.

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