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February 13, 2013
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News for the outdoor power equipment industry |  Click here for GIE+EXPO information

  Top Story 
  • Husqvarna will invest in chainsaw production, posts Q4 loss
    Husqvarna plans to invest $157 million in its chainsaw-chain production facility in Sweden and enhance its ability to manufacture cylinders used for two-stroke chainsaw engines it sells in the U.S. and Sweden. The garden equipment maker reported that its fourth-quarter operating loss was about $57.6 million, compared with a loss of about $37.6 million in the same period a year earlier. Reuters (2/13) LinkedInFacebookTwitterEmail this Story
  Industry Buzz 
  • Ohio repair shop goes the extra mile to fix lawn equipment
    The Mower Shop in Dayton, Ohio, repairs a variety of outdoor power equipment, like many other repair shops, but it also offers pickup and delivery of equipment to its customers. "I give people the opportunity to get their equipment serviced and maintained who normally aren't able to -- they can't lift it or get it into their car. We try to do whatever we can to help our customers out. We're different," said shop owner Tom Adinolfi. Dayton Daily News (Ohio) (2/13) LinkedInFacebookTwitterEmail this Story
  Economic Indicators 
  • U.S. makes surprise shift to budget surplus
    Economists were caught by surprise when the U.S. budget, for the first time in five years, posted a surplus for January. The $3 billion surplus reduced the cumulative deficit for this fiscal year by 17%. The Congressional Budget Office says the government received an extra $9 billion because a payroll-tax reduction expired Dec. 31. Reuters (2/12) LinkedInFacebookTwitterEmail this Story
  Inside & Out 
  • How to create a customer-centric culture
    Customers are skilled at exchanging opinions about your company, especially with social media. That's why it's crucial to make sure your employees at all levels are focused on customer satisfaction and act as advocates for your company, writes Clint Oram, co-founder of SugarCRM. Ditch the "old-school view of customer relations" in which only the sales team is responsible for keeping customers happy. TechCrunch (2/9) LinkedInFacebookTwitterEmail this Story
  • What executives can learn from Pope Benedict XVI quitting
    Pope Benedict XVI's resignation is a reminder of just how tough leadership really is, says Nancy F. Koehn, a professor and historian. Neither CEOs nor spiritual leaders are supermen, and it's important that they admit that to themselves. "I don't think this is primarily about age. I think it's really about energy and enthusiasm and a kind of physical, moral, intellectual, and emotional verve -- an appetite," she says. "It's something that every leader is responsible for maintaining and feeding." Harvard Business Review online/HBR Blog Network/Our Editors (2/11), Forbes (2/11) LinkedInFacebookTwitterEmail this Story
  Policy Update 
  • Analysis: U.S. cuts deficit without facing long-term problem
    The U.S. is cutting its budget deficit, but Congress' inability to control spending on entitlements means public debt will increase to 87% of gross domestic product by 2023, up from 73%, according to The Economist. "Cutting discretionary spending is politically appealing because it arouses less anger than cutting entitlements or raising taxes, and because the specifics are left to congressional negotiators each year," the magazine notes. "Yet it is hardly ideal for the economy." The Economist (tiered subscription model) (2/9) LinkedInFacebookTwitterEmail this Story
  • Obama urges quick action on broad immigration overhaul
    President Barack Obama said he wants Congress to act immediately on a comprehensive immigration reform bill because it could boost the country's economy by allowing companies to hire highly skilled workers from abroad. Sen. Marco Rubio, R-Fla., who is working toward passing a bipartisan immigration measure in the Senate and who responded to Obama's State of the Union speech, agreed that immigration reform would bring economic benefits, but also said the U.S. needs to do more to secure its borders. Reuters (2/13) LinkedInFacebookTwitterEmail this Story
  OPEI News 
  • Outdoor Power Report -- A quarterly update for OPEI members
    OPEI's quarterly summary of issues and activities is now available. Read the report. LinkedInFacebookTwitterEmail this Story
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Several excuses are always less convincing than one."
--Aldous Huxley,
British author

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