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April 25, 2012
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Daily news for the equipment finance sector

  Industry News 
  • AIG lawsuit accuses former ILFC execs of stealing trade secrets
    American International Group filed a lawsuit against former International Lease Finance CEO Steven Udvar-Hazy and 10 other former executives of the aircraft-leasing unit. AIG said the executives stole trade secrets and breached their fiduciary duty when they left the company. Air Lease, formed by Udvar-Hazy when he left ILFC, said AIG sued because its unit cannot compete. Bloomberg (4/25) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Big manufacturers demonstrate new strength and higher earnings
    Some of the country's biggest industrial companies, led by 3M, posted higher-than-expected earnings and raised their second-half outlooks, adding to indicators that point to a building manufacturing rebound. Analysts said manufacturers' forecasts of significantly higher sales this year are credible because they are customarily based on orders already on the companies' books for products with long lead times. Reuters (4/24), CNNMoney (4/24), The Edmonton Journal (Alberta) (4/24) LinkedInFacebookTwitterEmail this Story
  • Home-price index turns around
    After nearly five years of decline, the Federal Housing Finance Agency's monthly Housing Price Index increased in February compared with February 2011. Signaling that the housing market is bottoming out, the index of prices for existing homes increased 0.4%. Fox Business/Dow Jones Newswires (4/24) LinkedInFacebookTwitterEmail this Story
  • Oil will be in demand for some time, energy expert says
    Donald Paul, a former executive at Chevron, says demand for only the liquid portion of the energy sector equals a half-gallon of fuel per day for every person on the planet. "Fossil energy even in 25 years is still going to be the predominant form," Paul says. OpenMarkets.com (4/23) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • Dodd-Frank repeal argument gets cast as deficit reduction
    Bipartisan disagreement about financial industry ramifications of the Dodd-Frank Act has crossed into debate about how best to reduce the federal deficit. Nineteen Democrats on the House Financial Services Committee signed a dissent to a Republican proposal to repeal a Dodd-Frank provision to cut what they said would be $30 billion over 10 years from the federal deficit. AmericanBanker.com (subscription required) (4/24) LinkedInFacebookTwitterEmail this Story
  • Analysis: State Bank of India cautiously tries to evolve
    Pratip Chaudhuri, chairman of government-owned State Bank of India, faces the complex task of keeping the state and its political pressure at bay, presenting steady evolution to the outside world while pressing behind the scenes for fundamental reform, according to The Economist. "As India's exhausted economic reformers can testify, that is an incredibly hard balancing-act to pull off, but for SBI and the country it mirrors it is the only game in town," the magazine notes. The Economist (4/21) LinkedInFacebookTwitterEmail this Story
  Featured Content 
 

  ELFA Member News 
  • ESLF introduces third module of multiphase solution
    Executive Solutions for Leasing and Finance rolled out the final module of a suite of products. Building a Better Machine focuses on process and business improvement using Six Sigma tools. The other modules are Interviewing, Selecting and Hiring Talent as well as Staff Appraisals, Staff Development and Leadership Training. Read more. LinkedInFacebookTwitterEmail this Story
  ELFA News 
  • Call for nominations for Foundation board of trustees
    The Equipment Leasing & Finance Foundation requests nominations for the board of trustees. Identifying a vibrant slate of candidates is critical to ongoing governance and leadership of any organization, and the Foundation intends to assemble trustees who represent the broadest cross-section of the industry. The Nominating Committee will vet candidates based on qualifications including corporate or academic affiliation, demonstrated leadership, experience level and professional expertise. Recommendations should be sent to Kelli Nienaber, executive director of the Equipment Leasing & Finance Foundation, at knienaber@leasefoundation.org. Visit the Foundation website for additional information. LinkedInFacebookTwitterEmail this Story
  • AGLF/ELFA Public Sector Finance Forum keynote session: "The Common Denominators of Success"
    AGLF/ELFA Public Sector Finance Forum
    May 9 to 11
    DoubleTree by Hilton Hotel Chicago -- Magnificent Mile

    Think you have what it takes to make it to the top? Then this conference is for you! Hear Mark Norman, founder of The Differentiate Group, who will discuss habits needed to differentiate yourself in your business and outline the five habits of top performers.

    Norman began his career with Dale Carnegie International in 1982. He became the sales manager for Minnesota and North Dakota in 1987. Under his direction, the organization doubled sales. In 1992, Norman was awarded the franchise in Philadelphia. He tripled revenue from 1992 to 1996, when he the sold the franchise. Dale Carnegie International awarded Norman the St. Louis franchise in 1996, and he led the organization to international recognition four straight years. As a salesman, Norman was awarded the highest sales designation five times. In 2001, he sold his franchise and started a consulting firm focused on accelerating performance. He delivers more than 100 workshops, training sessions and keynotes each year.

    View complete details about this event. See you in Chicago! LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Opportunity is missed by most people because it is dressed in overalls and looks like work."
--Thomas Edison,
American inventor


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