U.S. companies borrowed 3 percent less in December to finance their investments in equipment, the Equipment Leasing and Finance Association (ELFA) said on Tuesday, as inflation and Omicron cloud economic outlook. Firms signed up for $11.8 billion in new loans, leases, and lines of credit last month, compared with $12.1 billion a year earlier. Borrowings,…
US Business Borrowing for Equipment Fell 3 Percent in December: ELFA
Corning Shares Gain on Q4 Beat, Robust Outlook
Corning Inc. reported fourth-quarter FY21 core sales growth of 12 percent year-on-year to $3.71 billion, above the consensus of $3.59 billion. Display Technologies sales grew 12 percent Y/Y to $942 million due to a favorable glass pricing environment. Optical Communications sales rose 24 percent Y/Y to $1.2 billion as 5G, broadband, and cloud computing continue to…
German Business Confidence Perks Up After 6-month Decline
BERLIN—Business confidence in Germany, Europe’s biggest economy, has picked up unexpectedly after a six-month slide, a closely watched survey showed Tuesday. The Ifo institute said its monthly confidence increased to 95.7 points in January from 94.8 in December. Economists had forecast another slight dip to 94.5. The index was led higher by much-improved expectations for…
JPMorgan Merges EU Operations Into Single German Business
LONDON—American banking giant JPMorgan has merged most of its European Union businesses into a single entity in Germany, it said on Monday, seeking to make its business in the bloc more competitive after Britain’s departure. The bank said it had simplified its European structure by merging its Luxembourg and Irish entities into German business JP…
Missouri Teen Who Was Turned Down By 17 Jobs Starts His Own Digital Marketing Firm
After trailing around 17 local fast-food joints looking for a job, and being rejected by all of them, a Missouri teen decided not to give up and instead change his track. “It got pretty tiring,” Jonathan Bell, 17, told The Epoch Times. “So that’s when I decided to start my own thing.” Bell, a full-time…
ASML Clocks 17% Sales Growth in Q4; Strengthens Bond With Intel
ASML Holding NV reported fourth-quarter FY21 revenue of €4.99 billion, up 17.2 percent Y/Y and missed the consensus by €130 million. The Q4 net bookings were €7.1 billion. The gross margin expanded 219 bps Y/Y to 54.2 percent due to strong Installed Base revenue. GAAP EPS of €4.38 increased from €3.23 last year. ASML held €7.59…
10 Steps to Start and Build a Successful Business
Starting a business can be a daunting task. Even if you do have a business idea—it is only one of the first steps to starting a new business. A lot can go wrong if you do not plan well and implement the plan even better. But, as long as you follow certain basic steps to…
Three sent to hospital after explosion, fire at Ottawa business
OTTAWA—The Ottawa Police Service says an explosion and fire at a business in the city has sent three people to hospital. The service says in a release that police, firefighters and paramedics responded Thursday afternoon and fire officials say they received numerous emergency calls reporting large flames and heavy black smoke. Ottawa Fire Services says…
Better Business Outcomes From Mindfulness and Meditation
Back in the day, it probably wouldn’t have been all that daunting to find more than a few skeptics who’d scoff at the very idea of meditation in the workplace. Really? There? they’d proclaim, perfectly aghast. After all, it’s an environment typically far too rife with distractions like butting heads for partnerships and the coveted…
8 Benefits of Doing Business With Clients in Other Countries
Businesses of all sizes have long known the benefits of expanding their operations overseas. But, what about freelancers? Yes. Freelancers can also cash in on crossing geographical boundaries. And, thanks to the internet and low-cost tools, it’s also easier than ever to work with clients from all over the world. But, more importantly, here are…
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