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|April 30, 2012|
Middle-market companies plan for slower growth, survey says
Executives at middle-market companies expect revenue to increase at a slower pace during the next year compared with 2011, according to a survey by GE Capital. Higher health care costs and regulations are seen as key areas that will cut into profit margin. The forecast could cause many companies to hold off on spending excess cash. CFO.com (4/27)
Japan reports 23.5% annual increase in syndicated loans
Japanese syndicated lending increased 23.5% in the year that ended March 31 compared with the previous year, reaching $354 million, according to the Japanese Bankers Association. It was the first such increase since 2008, as more companies sought funding to support overseas growth. Bloomberg (4/26)
Small businesses are creating more jobs than most realize
Small companies are creating more jobs than big employers and creating them faster than they did the last time the economy was in recovery, writes Scott Shane, a professor at Case Western Reserve University. Small-business job creation is going mostly unnoticed because "the decline in small business employment during the downturn was so large, we have not yet replaced all the small business jobs we lost," he writes. Bloomberg Businessweek (4/26)
Analysts: Coal demand is plummeting and might never recover
With the rise of cheap, plentiful and clean natural gas, demand for coal is falling rapidly and might never recover, analysts said. The price of Western coal has dropped 45% in the past year. Deutsche Bank predicted that as little as 20% of U.S. power could come from coal by 2030. The Atlantic online (4/27) Bloomberg Businessweek (4/26)
For many firms, U.S. profit compensates for China's slowdown
Multinational corporations are finding that strengthening profit in the U.S. is making up for the fact that they can't count on China for dramatic earnings growth anymore. Caterpillar CEO Doug Oberhelman said the construction-equipment-maker's rising earnings from its U.S. operation in the first quarter "more than offset slowing in China and Brazil." The Wall Street Journal (4/30)
Economy expanded 2.2% in Q1, government says
The U.S. economy expanded at a 2.2% annual rate in the first quarter, the Commerce Department said, compared with 3% growth in Q4. Economists polled by Bloomberg News expected 2.5% growth. Bloomberg (4/28) MarketWatch (4/27)
Tech companies use offshore strategies to avoid taxes
Apple is one of many technology companies that take advantage of gaps in tax law designed for the industrial age to escape paying billions of dollars in taxes. Hundreds of corporations have imitated Apple's technique by routing profit through places such as Ireland, the Netherlands and the Caribbean. The New York Times (tiered subscription model) (4/28) International Business Times (4/29) Fairfield County Business Journal (White Plains, N.Y.) (4/27)
Regulators close 5 banks, raising year-to-date total to 22
State regulators shut down five banks in Maryland, Minnesota, South Carolina and California. The closures bring the 2012 tally for failed banks to 22, a decrease from last year. The Wall Street Journal (4/27)
Islamic finance might face shake-up from standards body
Bahrain's Accounting and Auditing Organization for Islamic Financial Institutions, a standard-setting body for the Islamic finance industry, plans a wide-ranging review that could overhaul the rapidly expanding industry. The group will begin consultation on reform of Shariah boards, the organizations of Islamic scholars who determine whether financial policies and products are acceptable under Islamic law. Reuters (4/29)
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!
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