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January 3, 2013
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Daily news for the equipment finance sector

  Industry News 
  • Manufacturing expansion boosts U.S. economic outlook
    U.S. manufacturing activity shifted from moderate contraction in November to modest expansion in December, brightening the outlook for economic growth in 2013. An Institute for Supply Management index rose from a three-year low of 49.5 in November to 50.7 in December, on a scale in which anything higher than 50 indicates growth. Bloomberg (1/2) LinkedInFacebookTwitterEmail this Story
  • GE and 3 others acquire stake in solar project
    General Electric, MetLife, Mitsubishi UFJ Financial Group and Citigroup have bought a majority stake in EDF Renewable Energy's Catalina solar project, which is being built in California's Mojave Desert. The companies will buy the remainder when the project goes into operation this year. Bloomberg Businessweek (1/2) LinkedInFacebookTwitterEmail this Story
  • John Deere forms 4-point plan to reach $50B sales goal
    John Deere plans to focus on four key factors to help it reach its goal of $50 billion in yearly sales by 2018. The company also will invest in research and development to build its product pipeline. Deere says it will maintain its focus on U.S. and Canadian markets, which made up about 62% of the company's equipment sales in 2012. (1/2) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  Government & Regulatory 
  • Analysis: Basel III represents regulatory difficulties
    As governments propped up ailing banks during the past five years, regulating the industry became increasingly complex. The EU and the U.S. each drafted a 700-page proposal for Basel III rules. In addition, the U.S. created the Dodd-Frank Act, which an industry group says will end up being 2,900 pages of regulations. Bloomberg (1/2) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  • Balboa offers customized finance banner credit tool to vendors
    Balboa Capital is offering equipment vendors free customized finance banner links and branded Web pages as part of its Web-based sales tools. Customers who go to the vendor's website click on the finance banner link, and they are sent to a one-page finance application. Credit decisions are provided within an hour. Read more. LinkedInFacebookTwitterEmail this Story
  ELFA News 
  • ELFA Equipment Management Conference & Exhibition will celebrate 25 years of serving equipment-management professionals
    This year is the 25th that ELFA will deliver the Equipment Management Conference & Exhibition. The content has changed over the years, but one thing remains true: This must-attend meeting brings equipment-management professionals together for an unequaled opportunity to become current on asset classes and to gain insight into equipment markets.

    The conference, scheduled Feb. 24 to 26 at the Grand Hyatt Tampa Bay in Tampa, Fla., includes:
    • Live inspections of equipment, guided by qualified professionals.
    • Off-site equipment tours featuring a shipyard, a medical-imaging testing and refurbishment center, a dealership for used heavy- and medium-duty trucks, and a corporate-aircraft tour.
    • Unmatched networking opportunities with peers in the industry to help you benchmark and learn how your peers are positioning for continued recovery in 2013.

    See the agenda and register. Important: Make a hotel reservation before Feb. 1. Go online or call the hotel at (813) 874-1234 or 1-800-233-1234. Provide arrival and departure dates and mention "ELFA Equipment Management Conference" to get the ELFA group rate. LinkedInFacebookTwitterEmail this Story
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American inventor and statesman

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