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December 5, 2012
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Business Finance Today 
  • "Fiscal cliff" is becoming less of a worry for global investors
    Optimism that U.S. officials will avoid the "fiscal cliff" prompted investors to increase equity overweight positions to a 20-month high in November in Europe and the U.S., according to a Reuters poll. "All eyes are now on the fiscal cliff, where a muddling-through until the end of [the first quarter] can be expected," said Boris Willems of UBS Global Asset Management. Reuters (12/4) LinkedInFacebookTwitterGoogle+Email this Story
Your Bottom Line 
  • A multibillion-dollar price tag for lost productivity
    Employees who spend at least one hour per week on nonwork activities while at the office cost U.S. companies $130 billion annually, according to an estimate based on data from a survey. However, identified company meetings as the biggest office time waster. (12/4) LinkedInFacebookTwitterGoogle+Email this Story
  • SEC describes why a country would adopt IFRS
    The Securities and Exchange Commission still has no timeline for deciding whether to adopt International Financial Reporting Standards, but the agency's deputy chief accountant offered insight into why countries make a switch to IFRS. Julie Erhardt says countries typically make the switch in order to achieve broad economic objectives such as improvement in capital markets or to attract foreign investment. Compliance Week/Accounting & Auditing blog (12/3) LinkedInFacebookTwitterGoogle+Email this Story
In the C-Suite 
  • Innovation is going global
    Innovation is increasingly a global force, and companies need to build global information networks and innovation partnerships, appoint managers with international worldviews, and develop systems for managing global projects, argue Yves Doz and Keeley Wilson in this book excerpt. "Companies that don't embrace this change and the opportunities it affords will find the twenty-first century a difficult place in which to compete," Doz and Wilson write. Fast Company online (12/3) LinkedInFacebookTwitterGoogle+Email this Story
  • How belief in limitless profit leads firms to make mistakes
    Every company is founded upon the "economic myth" that limitless growth is both desirable and possible, argues Betty Sue Flowers. That leads incautious bosses to focus solely on single-line measures of success, such as revenue and profit. "Those will inevitably peak and decline at some point, because all systems have limits -- and once they start to fall, they fall fast," Flowers says. Strategy+Business online (free registration) (12/3) LinkedInFacebookTwitterGoogle+Email this Story
  • Would you trade tax breaks for lower corporate tax rates?
    Yes  58.53%
    No  28.11%
    Not sure  13.36%
  • The trade-off: The majority of poll respondents indicated they would prefer lower corporate-tax rates over tax breaks, while only 28% would not. --Cindy Kraft, the CFO Coach
  • Will Congress reach a deal on the "fiscal cliff" by the end of the year?
Not sure

On the Move 
  • David Rayner has been rehired as CFO at EchoStar. Rayner left the company last November. The Motley Fool (12/4) LinkedInFacebookTwitterGoogle+Email this Story
Off the Charts 
Many executives and managers know that the way their firms currently organize and carry out innovation has a limited shelf life."
--Yves Doz and Keeley Wilson, from their book "Managing Global Innovation," excerpted at Fast Company online
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