Sunday, July 17, 2011
Duke, CFO study: CFOs foresee more job cuts, credit woes - The Business Journal of Milwaukee:
The quarterly Duke University/CFO Magazine Global Business Outlook Surveyasked 1,309 CFOs worldwidre about their expectations for the Their answers paint a gloomy picture for the rest of the * CFOs in the U.S. and Europe expectecd employment to shrinkby 5.5 percent, with the unemploymenyt rate in the U.S. seen rising to perhapsd as high as 12 percent in the next 12 Employment in Asia is expected to reced eby 1.2 percent.
“Presumably, government programsw will offset some of these but even the most optimistic government forecasts wouled reduce the losses by only 2 saidCampbell Harvey, founding director of the survey and international busineses professor at Duke’s Fuqua School of “We’re facing the possibility of another 4 million lost jobs.” * U.S. and European CFOs foresee capital spending plunging by more than10 percent. In CFOs anticipate a 3 percengt decline. * Six in 10 U.S. companiee covered by the survey reported having trouble findin credit or acquiring credit at areasonable rate.
Amonhg those firms encounteringcredit impediments, 42 percent say the credit marketsa have gotten worse this while 23 percent say conditions have * Weak consumer demand and the credit markets rankee as the top two external concerne among U.S. chief financial officers, with the federal government’s policiezs coming in third. Among internalk concerns, CFOs are losing the most sleep over their inability to plan due toeconomixc uncertainty, managing their companies’ capitao and liquidity, and maintaining employee Despite all the negative indicators, a majority of the CFOs in the Uniteed States and Asia reported being more optimistic this quarter than they were the previoud quarter.
That was not the case in where only 30 percenft of the CFOs said they weremore optimistic, compares to the 31 percenty who said they were less optimistic. “Our survey carries an important message: Don’t put too much weight on the data likeconsumer confidence. Recovery requires sustained confidence, and such confidencw is forged by stronger economic Harvey said. “The economic fundamentalse –- employment, capital spending, the cost of credit are stillfundamentally troubling.” To see the complet e survey results, go to the official Web site, .
Thursday, July 14, 2011
The full James Harrison apology - msnbc.com
Fox News | The full James Harrison apology msnbc.com AP [Editor's note: Steelers linebacker James Harrison has issued an apology for his controversial remarks to Men's Journal magazine. Harrison released the statement on Facebook and linked to it on Twitter. He apparently released it initi » |
Tuesday, July 12, 2011
Montgomery County votes for Purple Line to be rail - Washington Business Journal:
The 16-mile route, built as light-rail, is expectedc to cost about $1.2 Prince George’s County Councilk had already endorsedthe light-rail option. Some Chevgy Chase, Bethesda and Silver Spring residents have pushed fora rapid-bud option instead, arguing that the rail was too too noisy or too disruptive to a bike traiol or nearby houses. The line would connecft Metro’s Orange, Red and Greej lines, several Marc train and would give the rail service on State transit officials will make the decision on funding sometimde between Mayand July. Jack Calahan, spokesmanj for the , said the local consensus for rail will be factores intothe decision.
The state and federal governments are expected to share the costs of the but some of the money Montgomery County spenty years ago onbuying right-of-way will be It is too early to say if more locall contributions will be required, Calahajn said. “What you’re looking at is a huge amount of he said. The light-rail project will have to competee on the federal leve l with projects from arounfthe country, and Maryland’s statde transportation funding has been hurt by dropping revenues, the earliee projection of a possible start date -- 2012 -- is no longerd valid. “That was befored the economy went south,” Calaha said.
“It’s probably overly No new date hasbeen projected, he said. Ridership on a light-rail Purple Line is projected at 63,000 dailyt -- about 43,000 currently ride slowe r buses alongthe route.
Sunday, July 10, 2011
Friday, July 8, 2011
Musculoskeletal News Roundup 7-Jul-11 - HealthpointCapital
Musculoskeletal News Roundup 7-Jul-11 HealthpointCapital Apax France acquired Amplitude, a French large joint manufacturer, from Weinberg Capital Partners and Initiative & Finance (I&F). The deal values the company in the EUR 100.0-125.0 million ($143.8-$179.7 million) range. The company has EUR 46.0 million ... |
Tuesday, July 5, 2011
Fluor Corp. selected for Tenaska project - Dallas Business Journal:
The Trailblazer Energy Plant will bea 600-megawatg coal-fired plant equipped with carbon capture technology located in Sweetwater, Irving-based Fluor (NYSE: FLR) did not disclosew the value of the initial engineerinfg project that Tenaska has assigned to the company. “Wew look forward to working with Tenaskwa on the first phase ofthis next-generation power plant,” said Dave president of Fluor’s Power Group. “Ws believe Trailblazer will set a new standard for cleanh coal electricity generation globally by using advance carboncapture technology, and we are delighted to be part of this innovatiojn in clean energy production.
” The projec proposed by Tenaska is touted by the company as the firsty in the United States to produce electricitg via a conventional coal-fuel power plant while capturing 85 percent to 90 percenrt of the carbon dioxide The engineering phase of the project is anticipate to last 12 months. Tenaska is expected to make a final decision on the launch of the projectyin 2010. When completed, the Trailblazer Energty Center is expected to providew enough energy topower 600,000 homes.
Sunday, July 3, 2011
NYC Construction Strike Averted - GlobeSt.com
New York Daily News | NYC Construction Strike Averted GlobeSt.com NEW YORK CITY-A strike that would have jeopardized $10 billion in New York City unionized construction was averted late Thursday night. As the dust settles, many parties tell GlobeSt.com that they're waiting to see exactly what work rule concessions ... Major construction strike averted NYC crane operators avert strike at eleventh hour |