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November 13, 2012
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Business Finance Today 
  • Corporate earnings rise despite weak revenue
    This earnings season has shown that corporate America has been able to increase profit amid flat or declining revenue by squeezing expenses, such as employees' pay. About 70% of 428 companies that have reported third-quarter results have topped analysts' projections for profitability, according to FactSet. The Washington Post (11/12) LinkedInFacebookTwitterGoogle+Email this Story
  • Computer failure halts some NYSE trading
    A computer failure forced the New York Stock Exchange to suspend trading of 216 securities and cancel their closing auctions. Trading of the affected stocks, which included JPMorgan Chase, U.S. Steel and Travelers, continued on other exchanges. An NYSE Euronext spokesman said trading appeared to be disrupted by a "software programming issue related to the individual server for these 216 symbols." Bloomberg (11/12), Forbes (11/12) LinkedInFacebookTwitterGoogle+Email this Story
Your Bottom Line 
  • Companies eye "natural capital" as an emerging metric
    The concept of "natural capital" -- capital that is derived from natural resources -- is gaining validity at many companies, according to a study by ACCA, KMPG and NGO Fauna & Flora International. The survey found that 49% of businesses surveyed linked natural capital directly to "operational, regulatory, reputational and financial risks." Accountancy Age (London) (tiered subscription model) (11/9) LinkedInFacebookTwitterGoogle+Email this Story
  • UBS: Bonus depreciation, R&D credit need action
    Bonus depreciation and the research-and-development tax credit are two issues important to businesses awaiting congressional action this year, according to a research note from UBS. Rules governing bonus depreciation have not been extended beyond 2012. These rules allow faster acceleration of the depreciation on some acquired assets. The R&D tax credit expired at the end of last year; legislation would be required to make it retroactive for 2012. The Wall Street Journal/CFO Journal (tiered subscription model) (11/12) LinkedInFacebookTwitterGoogle+Email this Story
In the C-Suite 
  • How managers lie to themselves
    Among the myths that managers need to abandon is that low turnover means they're doing a good job, Alison Green writes. "Little or no turnover is often a bad sign since no one is perfect in hiring, and low turnover can indicate a manager who doesn't correct her hiring mistakes or hold employees to a high bar," Green writes. The Fast Track (11/9) LinkedInFacebookTwitterGoogle+Email this Story
  • How to retain employees
    Forty percent of employees say they plan to look for a new job within the next six months, write David Williams and Mary Michelle Scott of Fishbowl. This is bad news for employers who expend a lot of resources to hire the best people. Williams and Scott suggest companies try the five "R's" of employee relationships to retain them: Responsibility, respect, revenue sharing, reward and relaxation time. Harvard Business Review online/HBR Blog Network (free registration) (11/12) LinkedInFacebookTwitterGoogle+Email this Story
Off the Charts 
  • Female drivers now outnumber male drivers, study says
    The majority of holders of driver's licenses are women, according to a study by the University of Michigan's Transportation Research Institute. The shift away from a male majority among U.S. drivers reverses a long-standing trend. "The changing gender demographics will have major implications on the extent and nature of vehicle demand, energy consumption, and road safety," says Michael Sivak, co-author of the study. The Washington Post/The Associated Press (11/12) LinkedInFacebookTwitterGoogle+Email this Story
Specific parts of natural capital are increasingly being recognized as critical and material business issues."
--Stephanie Hime of KPMG, as quoted by Accountancy Age
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