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January 10, 2013
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Daily news for the equipment finance sector

  Industry News 
  • Google puts $200M into Texas wind farm
    Google has invested $200 million in EDF Renewable Energy's Spinning Spur wind farm in Texas. "We look for projects like Spinning Spur because, in addition to creating more renewable energy and strengthening the local economy, they also make for smart investments: They offer attractive returns relative to the risks and allow us to invest in a broad range of assets," according to Google. Houston Chronicle (1/9) LinkedInFacebookTwitterEmail this Story
  • Freight shipments rose 1.7% in November
    Freight shipments transported by for-hire carriers, including railroads, increased 1.7% in November compared with October, according to a Transportation Department index, which registered at 108.9. Rail freight recorded significant growth. Transport Topics (1/9) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Moody's reports drop in default rate for high-yield debt
    Moody's Investors Service says the global default rate for high-yield bonds reached 2.6% in the fourth quarter, declining 0.6 percentage point from Q3. The rate was lower than the historical average of 4.8% dating to 1983. Moody's says the rate likely will hit 3.3% in Europe and 3% in the U.S. this year. Bloomberg (1/9) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  ELFA Member News 
  • Sales soared in Q4 at Ascentium Capital
    Ascentium Capital's sales volume increased 323% in the fourth quarter compared with Q4 of 2011. "Our business continues to build momentum as we increase brand awareness and take market share in the small- and mid-ticket marketplace," said Richard Baccaro, executive vice president of sales and marketing. Read more. LinkedInFacebookTwitterEmail this Story
  ELFA News 
  • ELFA's Best Practices Roundtables: Problem solve. Share best practices. Network.
    ELFA Best Practices Roundtables are small, one-day meetings designed to facilitate the exchange of information among peers. Attendance is by invitation and is open to ELFA member companies only. Keep an eye out for your e-mail invitation!
    For questions, contact Alexa Carnibella at acarnibella@elfaonline.org or (202) 238-3416. LinkedInFacebookTwitterEmail this Story
  • Looking for customer-education resources?
    ELFA has launched a website, Equipment Finance Advantage, to educate businesses about the benefits of equipment leasing and finance. The site is a one-stop resource to help existing and potential end users of equipment financing make the best decisions. We encourage you and your customers to visit the site. Don't have time to read all of the articles, tip sheets and success stories? Visit the Videos section for expert insight on topics including maximizing cash flow, staying ahead of the curve and end-of-lease factors to consider. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Luck enters into every contingency. You are a fool if you forget it -- and a greater fool if you count upon it."
--Phyllis Bottome,
British writer


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