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February 8, 2013
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Daily news for the equipment finance sector

  Industry News 
  • GE forges ahead despite dysfunction in Washington
    While lawmakers argue over spending cuts and tax increases, General Electric CEO Jeffrey Immelt is pushing ahead with corporate investment and hiring. He spoke at a manufacturing conference, touching on a wide array of topics, including hiring and industrial high-tech trends. He also said GE is preparing for scenarios that could result from wrangling on Capitol Hill. USA Today (2/7) LinkedInFacebookTwitterEmail this Story
  • Banks plumb Big Data for better strategies and answers
    Banks including JPMorgan Chase and Bank of America are tapping into analytic technologies for a more accurate picture of their customers and to better predict behaviors, such as who might be willing to buy new products and repay their debt, Michael Hickins writes. "Bank executives also hope Big Data will help them use better marketing techniques to address a big problem with customer churn," he writes. The Wall Street Journal/CIO Journal blog (2/6) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Analysis: Signs of recovery are seen in jobless claims
    Initial jobless claims decreased by 5,000 last week, and retailers reported a 5% increase in same-store sales last month compared with January 2012, pointing to a slow but real recovery in the U.S. economy, Jason Lange writes. The slow pace of improvement, however, leads many experts to think the Federal Reserve will continue stimulus well into next year. Reuters (2/8) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • Senate panel sets hearing to check Dodd-Frank progress
    Next week, the Senate banking committee will hear from seven regulatory officials on their progress in instituting Dodd-Frank Act rules. Elisse Walter, chairman of the Securities and Exchange Commission; Gary Gensler, chairman of the Commodity Futures Trading Commission; and Richard Cordray, director of the Consumer Financial Protection Bureau, are among those scheduled to testify. Reuters (2/7) LinkedInFacebookTwitterEmail this Story
  • Volcker rule forces banks to change private-equity business
    The Volcker rule, set to be finalized this summer, is poised to significantly reduce Goldman Sachs' investment in its private-equity funds. Meanwhile, a spokeswoman for Bank of America says the company has decided to exit the private-equity business. Citigroup is looking at its options, a spokeswoman said. The Wall Street Journal (2/7) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  • ELFA prepares for 25th annual equipment event this month
    ELFA will hold its 25th annual Equipment Management Conference & Exhibition from Feb. 24 to 26 in Tampa, Fla. Highlights include the release of "What's Hot, What's Not in Equipment Leasing and Finance for 2013," on-site inspections of specialty vehicles and leadership advice from management expert Jeff Havens. Read more. LinkedInFacebookTwitterEmail this Story
  ELFA News 
  • Don't delay: Reserve your hotel room for the ELFA Executive Roundtable before Feb. 16
    If you plan to attend the ELFA Executive Roundtable, scheduled March 10 to 12 in Frisco, Texas, near Dallas, we urge you to make a hotel reservation immediately. Feb. 16 is the deadline to receive a special rate of $179 at The Westin Stonebriar.

    We strongly encourage you to make a hotel reservation online. You may also call (972) 668-8000 or 1-888-627-8441, provide arrival and departure dates, and mention "ELFA Executive Roundtable" to get the group rate.

    Get the agenda and register for the round table.

    Attendance is limited to CEOs, presidents and senior staff from ELFA regular-member companies. Don't miss this opportunity to discuss issues of the day, strategize about the future and create lasting business relationships. LinkedInFacebookTwitterEmail this Story
  • Is your website part of your company profile in the ELFA Member Directory?
    All ELFA members are encouraged to review their company and individual profiles in the ELFA Member Directory. This is the place to showcase your company's expertise and to make a first impression for others looking to do business. It is especially important that your company profile include your website address so users searching the directory on the ELFA website or on the Equipment Finance Advantage website can easily connect with you. Note: Only the key contact at each member company may update the company profile. Questions? Contact membership@elfaonline.org. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
If you want to make enemies, try to change something."
--Woodrow Wilson,
28th U.S. president


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