CFO Magazine (May Issue)
“In the face of extreme weather and natural disasters, companies are reengineering their supply chains for added reliability.” ATMI, Kimberly-Clark, Royal Caribbean and Ford Motor are just a few of the companies “that have elevated climate change in their enterprise risk management methodologies. Indeed, according to a September 2012 survey by the independent Carbon Disclosure Project, 83% of S&P 500 companies are integrating climate change into ERM processes.”
Tags: Carbon Disclosure Project, Climate change, Enterprise risk management, Extreme weather, Natural disasters, Reliability, S&P 500, Supply chains
Bloomberg (May 4, 2013)
“U.S. stocks rose to successive records during the week and the Standard & Poor’s 500 Index traded above 1,600 for the first time, extending a 2013 rally fueled as individuals and professionals alike increased bullish bets.” And there is reason to believe the rally may continue. “The S&P 500 is cheaper than when it reached a record in October 2007. The gauge is valued at 15.8 times earnings in the last year, compared with 17.5 at its 2007 peak and 31 when it reached a record in March 2000.”
Tags: Price earnings, Rally, S&P 500, Stocks, U.S.
Reuters (June 30)
The S&P 500 closed June with a bang, despite posting the first loss in 3 quarters. “Stocks surged on Friday to close out a sour quarter on a high note as investors cheered an agreement by European leaders to stabilize the region’s banks, a pact that helped remove some of the uncertainty that has plagued markets. The broad rally was the S&P 500’s best day since December 20 and helped the benchmark index trim its quarterly loss to 3.3 percent.”
The S&P 500 closed June with a bang, despite posting the first loss in 3 quarters. “Stocks surged on Friday to close out a sour quarter on a high note as investors cheered an agreement by European leaders to stabilize the region’s banks, a pact that helped remove some of the uncertainty that has plagued markets. The broad rally was the S&P 500’s best day since December 20 and helped the benchmark index trim its quarterly loss to 3.3 percent.”
Tags: Banks, Europe, Investors, S&P 500, Uncertainty
Financial Times (April 18)
In the U.S., ‘say-on-pay’ votes were first required last year. On Tuesday, Citi’s shareholders voted down the proposed compensation package, becoming “the first big US bank to suffer majority dissent in a ‘say-on-pay’ vote and only the 12th S&P 500 company to lose such a ballot.” Citi joins a growing list of companies where shareholders rejected proposed compensation. “Last year 41 companies in the Russell 3000 – including Hewlett-Packard, Jacobs Engineering and Stanley Black & Decker – failed to receive majority support in such votes.”
In the U.S., ‘say-on-pay’ votes were first required last year. On Tuesday, Citi’s shareholders voted down the proposed compensation package, becoming “the first big US bank to suffer majority dissent in a ‘say-on-pay’ vote and only the 12th S&P 500 company to lose such a ballot.” Citi joins a growing list of companies where shareholders rejected proposed compensation. “Last year 41 companies in the Russell 3000 – including Hewlett-Packard, Jacobs Engineering and Stanley Black & Decker – failed to receive majority support in such votes.”
Tags: Citi, Compensation, S&P 500, Say on pay, Shareholders, U.S.
New York Times (March 18)
Markets ranging from copper to treasuries and currencies to the S&P 500 are being driven by the events unfolding in Japan. The impact is now extending to overseas supply chains. “In a sign of the spreading global economic impact, General Motors on Thursday became the first U.S. auto maker to close a U.S. factory because of the crisis in Japan.” GM will halt production at a Louisiana pick-up truck plant due to shortages of components from Japan.
Markets ranging from copper to treasuries and currencies to the S&P 500 are being driven by the events unfolding in Japan. The impact is now extending to overseas supply chains. “In a sign of the spreading global economic impact, General Motors on Thursday became the first U.S. auto maker to close a U.S. factory because of the crisis in Japan.” GM will halt production at a Louisiana pick-up truck plant due to shortages of components from Japan.
Tags: Copper, GM, Japan, Markets, S&P 500, Supply chain, Treasuries
