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November 30, 2012
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Business Finance Today 
  • U.S. economy grew faster in Q3 than first thought
    The U.S. economy expanded 2.7% in the third quarter, not 2%, as initially estimated, according to the Commerce Department. Most of the growth came from government spending, mainly for military items, and companies stockpiling inventory, the department says. Consumer spending and business investment in equipment and software were less than originally thought. Los Angeles Times (tiered subscription model) (11/30) LinkedInFacebookTwitterGoogle+Email this Story
Your Bottom Line 
  • Companies remain very conservative with cash, survey shows
    Companies are sitting on cash because of economic uncertainty, a SunGard report says, citing a survey of treasury professionals that found 37% said they had increased surplus cash during the past 12 months, and 40% kept cash levels steady. The survey also noted the increase of cash-management centralization, with 43% of respondents saying they used a specialized center for such operations. The Wall Street Journal/CFO Journal (tiered subscription model) (11/29) LinkedInFacebookTwitterGoogle+Email this Story
  • Why employees seek legal help with workers' comp claims
    Workers are more likely to seek the assistance of a lawyer in a workers' compensation claim if they feel threatened, a Workers Compensation Research Institute survey indicates. It is important to understand why employees get lawyers involved in a claim, because such involvement increases costs for the company, the institute's Richard Victor writes. Supervisor training and emphasizing good communication can help reduce the escalation of workers' compensation claims, Victor writes. (11/27) LinkedInFacebookTwitterGoogle+Email this Story
In the C-Suite 
  • How the best leaders communicate
    Effective communicators tend to share certain traits, writes Susan Tardanico, CEO of The Authentic Leadership Alliance. These traits include distilling complex thoughts into simple terms, using language that is distinctly their own and communicating face-to-face instead of hiding behind electronic channels. Also, effective communicators remember that communication is a two-way street, Tardanico writes. "It's easy to be so focused on getting your message out -- or persuading others -- that you don't tune in to what you see and hear." Forbes (11/29) LinkedInFacebookTwitterGoogle+Email this Story
  • Slow down and start learning from your failures
    Failures should be part of a learning process, writes Henna Inam, CEO of Transformational Leadership. Rushing to avoid or cover up failures means missing an opportunity to grow wiser and stronger, Inam argues. "[W]e need to think about failure as a process we go through rather than an event to avoid at all costs," she writes. SmartBrief/SmartBlog on Leadership (11/28) LinkedInFacebookTwitterGoogle+Email this Story
On the Move 
  • Thomas Seifert has been hired by Brightstar as its CFO. He is a former Advanced Micro Devices executive. Bloomberg (11/29) LinkedInFacebookTwitterGoogle+Email this Story
Off the Charts 
  • Demand for quinoa is expected to spur supply
    Demand for quinoa is surging, prompting farmers to take a new look at the ancient grain. Quinoa rarely is grown outside of Peru, Bolivia, Ecuador and Chile, but plant breeders and scientists say that is about to change, especially as quinoa can flourish in different climates and geographies. National Public Radio/The Salt blog (11/29) LinkedInFacebookTwitterGoogle+Email this Story
Liquidity is still very important. We're still so close to the credit shock of 2008, I think many corporates will continue to maintain cash balances, to hedge or protect against any crisis."
--Vince Tolve of SunGard, as quoted by The Wall Street Journal's CFO Journal
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