Tag Archives: capital expenditures

CEOs predict increased hiring and sales

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America’s CEOs are slightly more optimistic about the economy over the next six moths, according to a Business Roundtable survey released today.
The chief executives of leading companies expect increased sales and capital expenditures as well as more job creation compared to the third quarter.
The Business Roundtable CEO Economic Outlook Index increased to 84.5 from 79.1,  with expectations for 2014 GDP growth at 2.2 percent, in line with the previous two quarters.
“CEO expectations for economic expansion in the next six months increased slightly from last quarter, with expectations for sales, capital investment and hiring all tracking somewhat higher,” Jim McNerney, chairman of Business Roundtable, and chairman, president and CEO of The Boeing Co. said in a news release.
“In aggregate, our expectations are consistent with an economy that will continue along the path of steady, modest recovery into the first half of 2014.  These soundings are also consistent with an overall economy that, despite progress, is not yet performing at its full potential.”
Seventy-three percent of the executives surveyed said they expect their company’s sales to increase in the next six months, while only 8 percent foresee a sales decrease.
Thirty-nine percent said they will increase capital spending and 34 percent plan to increase hiring.
Click here for complete results of the Roundtable survey.

Trouble brewing at Green Mountain Coffee?

Shares of Green Mountain Coffee Roasters are up today, but the company has brewed mostly
coffee1.ASB%2310644.jpg bad buzz in recent days.

The headlines have to give local economic development officials heartburn. GMCR, which has a large roasting and distribution operation in East Knox County, represents one of the region’s largest manufacturing investments in recent years.

The stock price has lost about half its value in the last week. And some observers question the company’s spending.

The latest headlines:

Wall Street Journal: Green Mountain chairman hit by margin call

Seeking Alpha: Green Mountain’s Capital Expenditures Raise Questions

Reuters: With Green Mountain, one analyst had it right