Back in July 2009, Intel asserted that the young recovery of 2009 would be anything but lackluster.
On Tuesday, the leaders of the chip giant re-asserted their claims for 2010 and beyond. Paul Otellini, Intel's CEO, told analysts that its earnings per share and revenue should grow at an average annual rate in the "low double-digits" over the next few years. "We are on top of a growth engine," Mr. Otellini said. You may remember that last year -- in the face of a global financial crisis -- Intel chose to spend $7B in new U.S R&D facilities, while competition retrenched in the face of credit woes. Intel can now exploit those technological advantages and continue to deliver new products with much higher performance and lower power consumption. Otellini stated that those advances now drive the company's products into a plethora of new devices such as cellphones, digital TVs, car electronics, cameras, and other consumer electronics.
"Intel has a unique set of attributes that no one can replicate," Mr. Otellini said. "This stuff gets harder to do and we are going to get better at it." For Intel, it looks like 2010
(and perhaps 2011) will also be anything but lackluster.
(Great news everywhere, just let me share it with you and listen and share)
(Reuters) – U.S. hirings touched their highest level in 15 months in March, while job openings also rose, according to a government report on Tuesday that confirmed a recovery in the labor market was gaining traction.
(Traction gaining everywhere....even jobs)
DETROIT -- General Motors Co. says it rode cost cuts and strong sales of new models to an $865 million first-quarter net profit, boosting its plans to go public as soon as this year.
The automaker said its operating profit from January through March was $1.2 billion. GM was able to match the industry's 16 percent U.S. sales gain in the first quarter of this year while selling Saab and winding down Hummer, Saturn and Pontiac.
The figures reinforce the projections of CEO Ed Whitacre, who said last month the quarter would show "solid operating results" and pave the way to a possible initial public stock offering late in 2010.
Just in case you missed the above Great news, here ya go....
DETROIT -- General Motors Co. says it rode cost cuts and strong sales of new models to an $865 million first-quarter net profit, boosting its plans to go public as soon as this year.
The automaker said its operating profit from January through March was $1.2 billion. GM was able to match the industry's 16 percent U.S. sales gain in the first quarter of this year while selling Saab and winding down Hummer, Saturn and Pontiac.
The figures reinforce the projections of CEO Ed Whitacre, who said last month the quarter would show "solid operating results" and pave the way to a possible initial public stock offering late in 2010.
The Bureau of Economic and Business Research (BEBR) at the David Eccles School of Business reports that the number of single-family home permits issued in Utah for the first-quarter is up 110 percent over the first quarter of 2009. In the first quarter of 2010, the State of Utah has issued 1,522 new home building permits. "The first quarter data show strong improvement in the home building sector,” said Jim Wood, director of BEBR.
(oh ya.....+++news)
(Reuters) – U.S. retail sales rose and industrial production powered ahead in April, further evidence the economic recovery was strengthening and broadening out.
In April, on a non-seasonally adjusted basis, the Zions Bank Wasatch Front Consumer Price Index (CPI) rose 0.2 percent compared to the national increase of 0.2 percent, as reflected in the Zions Bank and U.S. Bureau of Labor Statistics Consumer Price Indices reported today. The Wasatch Front CPI has increased by 1.2 percent since the beginning of the year, slightly above the national CPI's rate of 0.9 percent over the same period. "We are seeing a little spring in the economy," said Federal Reserve Bank of Dallas President Richard Fisher on May 13, "We are in a period of recovery"
(Reuters) – Producer prices eased in April and costs excluding food and energy remained contained, suggesting inflation is not a near-term concern for officials at the Federal Reserve. Retail sales in the U.S. climbed more than forecast in April, indicating the economic recovery is gaining momentum int the second quarter of 2010. Sales increased 0.4 percent in April. Last week's Commerce Department report also upped the measure for March to a 2.1 percent gain -- larger than previously estimated. Production rose 0.8 percent, the most in three months, the Federal Reserve said. Another report showed consumer sentiment improved in May following four straight months of payroll gains, suggesting Americans will keep shopping to help sustain the expansion of the world’s largest economy. “We’re seeing a broadening of the recovery,” said Brian Bethune, chief U.S. financial economist at IHS Global Insight in Lexington, Massachusetts, who correctly forecast the gain in industrial production. “Consumers are still engaged. There is some pent-up demand out there.”
Well, I thought I had better get all this good news out because I have been out of town for a couple days and I know what the news mongers do to the messing up of the human mind so I hope you enjoyed all the great news growing, surging and flourishing all around us. Smile, share and repeat.
Have a great joyful day,
Spencer sr.
Rut Row.....Again and again: Can they not stay out of the news....shesh:
TOKYO (Bloomberg) -- Toyota Motor Corp. is preparing to recall 11,500 Lexus LS sedans worldwide for problems related to steering. The company plans to recall 7,000 vehicles overseas, including 3,800 in the U.S., and 4,500 units in Japan, said Mieko Iwasaki, a spokeswoman for the carmaker. The cars were sold in the United States, Europe and China and in Japan. In Japan, customers have complained about wheels not returning to original positions fast enough after making turns, Iwasaki said. The problem is both mechanical and software- related, she said. Toyota said it is preparing to issue the U.S. recall on Friday for four LS models: the LS 460, LS 460 L, LS 600h, and LS 600h L. Separately, Toyota said last month it will recall the Lexus GX 460 sport-utility vehicle that Consumer Reports magazine rated a “safety risk” because the model can roll over in certain driving conditions.
WASHINGTON (Reuters) -- Toyota Motor Corp. has paid a $16.4 million fine to settle allegations by U.S. regulators the company was too slow to recall vehicles with defective accelerator pedals.
The civil penalty payment, the maximum allowed under auto safety regulations, came two days before Toyota's U.S. sales chief, Jim Lentz, was expected to appear before a congressional committee investigating Toyota recalls.
Guess who is the First Auto Company to Default on workers pensions?
Toyota to hand off pension bill to U.S.
BY GREG GARDNER
FREE PRESS BUSINESS WRITER
Toyota is leaving a $131-million pension shortfall to the Pension Benefit Guaranty Corp. as it closes the New United Motor Manufacturing Inc. plant in Fremont , Calif. , April 1, said Sergio Santos, president of UAW Local 2244.
But the PBGC, a federal corporation charged with protecting pension benefits of 44 million Americans, wants to discuss ways Toyota can reduce the gap.
The agency has taken legal action to gain control of the NUMMI pension plan. PBGC spokesman Gary Pastorius said the agency wants to talk to Toyota about alternatives to a takeover, "but it just hasn't happened yet. We still have questions."
NUMMI said it had met its obligations regarding the plan when the PBGC began court action, according to a memo issued by Tracy Wakefield, a human resources manager.
Santos said NUMMI and Toyota imposed a "gag order that I believe violates our First Amendment rights," preventing workers from commenting on the plant closure.
NUMMI spokesman Lance Tomasu said the union voluntarily pledged not to denigrate NUMMI or Toyota as part of the shutdown agreement.
"For the world's most profitable automaker to walk away from a pension covering people who, in some cases, worked for more than a quarter of a century doesn't look good," Shaiken said. "Especially in the wake of Toyota 's recent recalls."