SmartBrief on Leadership
Thrifty post-recession policies and productivity increases have left America's biggest firms sitting on mountains of cash, and executives say they're ready to start spending. Some companies are splurging on new manufacturing plants and retail locations; others are raiding their savings for strategic acquisitions. "We preserved cash. ... Now we're turning around and feeling comfortable about our outlook and spending it," says Jim Flaws, CFO of Corning Inc. The Wall Street Journal (1/1)
FEWER HOMES SOLD BUT PRICES STABLE IN NOVEMBER
Utah BusinessThe Salt Lake Board of REALTORS® reported that sales of existing homes and condominiums in Salt Lake County fell 35 percent in November compared to the same month a year earlier (732 vs. 1,120 sales last year). Sales of homes in the first 11 months of 2010 were down 8 percent compared to the same 11-month period in 2009. View Full Article
LET THE BELLS RING IN THE NEW YEAR! - A REVIEW OF THE UTAH INDUSTRIAL REAL ESTATE MARKET
Utah BusinessWith snowflakes chasing him in the door and a sprinkle of white covering his tailored trench coat Michael Jeppesen, SIOR, CCIM, LEED AP, announced to everyone within ear shot, "It's time to ring the bell again." It has become a tradition at the Utah office of Innovision Property Group ("IPG") to ring the ancient Buddhist bell that hangs in front of the Sugarhouse commercial real estate office every time a new deal is closed. This time it was Intsel Steel West LLC, a Texas based firm, that expanded its Utah footprint and committed to an additional 85,000 SF of space, but lately, that bell is getting a good workout. View Full Article
Today in Manufacturing
President is set to sign a $1.4 billion overhaul of the food safety system, giving Washington power to increase inspections and force companies to recall products ... continue
CHAIRMAN-ELECT SMITH ON THE JUDICIARY'S AGENDA
FLAG Weekly CommunicationRadio talk-show host and attorney Hugh Hewitt interviewed Rep. Lamar Smith (R-TX) on Dec. 28. The discussion focused on illegal immigration with little attention to civil justice issues. Priority One? Job creation, Smith says. From the transcript :
LS: [You] had this entire flurry of bills that were passed in the waning days of this lame duck session. And not a single bill was passed, after all that flurry of activity, after all those days of voting, after all the posturing by the Democrats, not a single bill that was passed is actually going to create new jobs. And I think the American people wanted us to create jobs, they want us to rein in government spending, address deficit reduction, get our economy under control where it's growing again. And so all the hearings that we have on the Judiciary Committee, and the immigration subcommittee is just one of my five subcommittees, but every single subcommittee is going to be having hearings and oversight on creating jobs. And that's why we'll have an oversight.
Hewitt also interviews Chairman-elect Rep. Fred Upton (R-MI) on the agenda of the House Energy and Commerce Committee, with an emphasis on the EPA and regulation. (Transcript) Upton has announced the former George H.W. Bush White House aide Gary Andres, most recently at Dutko, will be committee staff director.
Quick Manufacturing News
Sold 2.35 million vehicles in China Click to continue
Quick Manufacturing News
Manufacturing production has increased 11% from its June 2009 trough Click to continue
Quick Manufacturing News
Some of the largest U.S. banks have increased their lending to companies, according to researchers at Moody's Analytics. The Wall Street Journal reports this is a sign that hiring may be around the corner, as a percentage of loans normally goes to business expansion. Click to continue
Quick Manufacturing News
Hal Vandiver, executive vice president of business development for Material Handling Industry of America, delivered an economic outlook for the material handling sector at the recent ProMat 2011 Show Pro event in Atlanta. Click to continue
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