Bumpy earnings season ahead for banks
You can usually tell a lot about the health of the U.S. economy by looking at the financial results of banks. They’re the people who finance new factories, plant expansions and fatter payrolls. But don’t count on that over the next two weeks, when banks report their results from the last three months of the [...]
U.S. employers anticipate few staffing cutbacks in 2012 and many expect to increase hiring, according to a report released by Right Management. Only 3 percent of the 600 survey respondents, which were executives in private, non-profit and government organizations, said they anticipate significant staffing cutbacks or restructurings this year. Two-thirds said they expect almost none. [...]
Continue reading …Hang onto your wallets, Colorado. The Legislature is back in session. It’s an old joke, but it holds special significance for the 2012 session. This year, it’s all about helping voters’ pocketbooks. Expect long arguments over the next five months about how to strengthen the economy, chip away at Colorado’s 8 percent unemployment rate, and [...]
Continue reading …Hostess, maker of Twinkies and Wonder Bread, has filed for bankruptcy a mere three years after emerging from a similar protection, reports Bloomberg. The baker emerged from bankruptcy protection after it was bought in 2009, but has filed again. It listed assets of $1 billion and debts of more than $1 billion. Read more at [...]
Continue reading …Global financial leaders are suggesting including domestic lenders, clearing houses and insurers to the same regulations as the world’s largest banks, reports Bloomberg. The Financial Stability Board says new regulations will be in place by the end of 2012. Those institutions declared “too big to fail” will have to boost reserve funds by 1 to [...]
Continue reading …The private equity industry is now being scrutinized as part of the presidential debate – as contenders attack Mitt Romney’s past at Bain Capital, reports the New York Times. Romney’s opponents are attacking the industry, saying it costs jobs and carves up companies. The attacks have “unnerved” the CEOs of buyout firms, particularly those who [...]
Continue reading …Head USA, which makes skis and snowboards, is moving its winter operations to Boulder, reports the Denver Business Journal. Head once had a ski manufacturing plant in Boulder, but skis are now made in Austria. The winter division is currently headquartered in Connecticut. The company has seen a boost in business in recent years, and [...]
Continue reading …Pinnacol Assurance says premiums for workers’ compensation insurance will continue to increase about 5 percent a year, regardless of whether or not the state allows it to be a private company. The quasi-governmental insurance agency has suggested that it go private, reports the Pueblo Chieftain. The entire industry is looking at increases, according to Pinnacol’s [...]
Continue reading …Colorado is seeing the “light at the end of the tunnel,” as far as the state’s economy is concerned, reports the Denver Business Journal. Strong retail sales, an increase in building permits, stabilizing home prices are all signs of an improving economy. Business leaders expect to see growth in construction, according to economists at the [...]
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