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December 13, 2012
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Business Finance Today 
 
  • Push for U.S. trade deal with EU picks up momentum
    A U.S.-EU free-trade area may be moving closer to becoming a reality. A committee is set to report in the next few weeks on whether it is practical to put half of the world's economic output into a single trade bloc with coordinated regulation and reduced tariffs. The Washington Post (12/11) LinkedInFacebookTwitterGoogle+Email this Story
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  • CFO optimism index declines again
    The latest U.S. CFO Optimism Index dropped to 51 out of 100, down from 52 last quarter and 59 at the beginning of the year. The Duke University/CFO magazine Global Business Outlook Survey cited respondents' worries about the "fiscal cliff," consumer demand and federal policies. About 40% of respondents said they think it is likely or very likely that U.S. officials will fail to avert the "fiscal cliff"; 44% said that fate is unlikely or very unlikely. CFO.com (12/12) LinkedInFacebookTwitterGoogle+Email this Story
Get with the flow. How payment processing affects cash flow.
Cash flow is the lubricant of business. Without a healthy cash flow, business dries up. It stops. It can't function. Which is why it is vital to keep the revenues coming in as the expenses go out. But there's one aspect of cash flow that many of us are not aware of. It is how managing credit cards and other such non-cash payments affect cash flow. Turns out it has a huge affect. Download the free guide today.
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In the C-Suite 
  • Competitors are just distractions, Google CEO says
    Smart bosses don't make strategic decisions or seek to rally employees by focusing on their competitors, says Google CEO Larry Page. True progress only comes when you do things nobody else has thought of yet, and you can't generate that kind of innovation by watching your rivals, Page explains. "If you're looking at somebody else, you're looking at what they do now, and that's not how again you stay two or three steps ahead," he says. CNNMoney/Fortune (12/11) LinkedInFacebookTwitterGoogle+Email this Story
  • Western companies must learn to be frugal
    Western companies should learn from the Indian concept of "jugaad," which is essentially the use of frugal innovation practices by Indian entrepreneurs, writes Peter Hesseldahl. Frugal business methods can open up huge markets, although companies must be prepared to make big changes. "Developments of frugal solutions require you to re-think the whole chain of business: from market research, design and development, through to marketing and distribution," Hesseldahl writes. InnovationManagement.se (Sweden) (12/12) LinkedInFacebookTwitterGoogle+Email this Story
Off the Charts 
SmartQuote 
I'm really concerned about our elected representatives. I'm sick and tired of all the partisanship. We need to raise taxes and cut spending and cut entitlements."
--Hugh Regan, CFO at InTEST, as quoted by CFO.com
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