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December 12, 2012
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Daily news for the equipment finance sector

  Industry News 
  • Foundation expects $742B in 2013 equipment-acquisition finance
    Equipment-acquisition financing by U.S. companies and government agencies will reach more than $742 billion next year, according to a study by the Equipment Leasing & Finance Foundation. The study says the equipment-finance sector has emerged from the Great Recession with volume at an all-time high. Read more. LinkedInFacebookTwitterEmail this Story
  • Business-jet manufacturers are confident about market upturn
    According to Bombardier Aerospace, market indicators are "mixed, yet trending positively." This is largely because of growth potential in emerging markets such as the Middle East, Africa and China, which will play an increasingly greater role in the global market share. AIN Online (12/10) LinkedInFacebookTwitterEmail this Story
  • Shell invests $26M in Calif. solar startup
    California startup GlassPoint Solar will be receiving a $26 million investment from Royal Dutch Shell and three venture capital companies. GlassPoint uses solar energy to tap crude oil in aging wells. The company runs a solar enhanced oil recovery project in California and is developing a trial project in Oman. Reuters (12/11) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Japan posts gain in machinery orders
    For the first time in three months, Japanese machinery orders increased in October, suggesting businesses expect the economy to return to expansion next year. The indicator of capital spending rose 2.6% compared with September, the Cabinet Office says. Bloomberg (12/12) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • Group wants focus changed to quality accounting rules
    The Institute of Chartered Accountants in England and Wales says the International Accounting Standards Board and the U.S. Financial Accounting Standards Board should halt a decade-long attempt to harmonize bookkeeping rules for investors and instead work on establishing high-quality standards. "It is better that the IASB and FASB boards issue separate standards than deliver unsatisfactory compromise solutions or do nothing at all," said Nigel Sleigh-Johnson of the ICAEW. Reuters (12/11) LinkedInFacebookTwitterEmail this Story
  • EU might put off Basel III a year, Bank of Italy says
    Following in U.S. footsteps, the EU might postpone implementation of Basel III capital rules, perhaps as long as a year. The delay, mentioned by Bank of Italy Director General Fabrizio Saccomanni, would be considered a blow to banking reform. Reuters (12/11) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  ELFA News 
  • 2013 Principles of Equipment Leasing and Finance Workshop: Still the best in-person training around
    There's a reason this workshop has been around for more than 20 years: People return to their jobs better prepared to make a significant contribution to their company's bottom line. This workshop has given more people their "professional start" in the equipment-leasing and -finance industry than any other training vehicle.

    Three workshops are scheduled in 2013.
    • April 8 to 10 in Chicago
    • June 3 to 5 in Philadelphia
    • Sept. 9 to 11 in Woodland Hills, Calif. (near Los Angeles)

    Learn more and register. For questions, contact Alexa Carnibella at (202) 238-3416 or acarnibella@elfaonline.org.

    IN-HOUSE OPTION: Hosting a workshop at your facility gives you flexibility and convenience to address specific learning needs of your employees, establish collective knowledge, create a shared skill set and achieve even your most challenging business goals. Want in-house training for your company? Contact Janet Fianko at (202) 238-3420 or jfianko@elfaonline.org. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Thinking is like loving and dying. Each of us must do it for himself."
--Josiah Royce,
American philosopher


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