Trimble Navigation Limited (TRMB)
Q1 2012 Earnings Call
May 03, 2012 4:30 pm ET
Willa McManmon -
Steven W. Berglund - Chief Executive Officer, President and Director
Rajat Bahri - Chief Financial Officer and Assistant Secretary
Paul Coster - JP Morgan Chase & Co, Research Division
Michael E. Cox - Piper Jaffray Companies, Research Division
The mining industry has been seeing a major supply glut issue, with most companies trying to reduce their supply output. Meanwhile, Rio Tinto Plc (ADR) (NYSE:RIO) seems to be expanding, further fueling the oversupply problem, which has already contributed to a massive decline in commodity prices. Furthermore, the company has long demanded a government extension for its Kestrel coal mine project in Queensland, Australia.
China is unstable and likely to continue its downward spiral, Europe's economy is weak but may soon start rebounding, and North America is steady but not spectacular. That's the overall sentiment provided by more than 100 CFOs at some of America's largest businesses.
The world’s top central bankers will get little rest in 2013.
Growth is expected to be lackluster this year in many developed countries, and interest rates are stuck near zero in Japan and the United States. Credit Suisse analysts believe that real interest rates will remain negative for at least a decade.
In such an environment, the action central banks take will be closely watched.
Here, The Financialist explores what’s ahead for the Big Four.
Bloomberg reports Japan Posts Back-to-Back Current-Account Deficit in December.
Japan posted back-to-back monthly current-account deficits for the first time since 1981, highlighting challenges for Prime Minister Shinzo Abe’s campaign to revive the economy.
The Good News Economist submits: Consumer spending makes up about 70% of the US economy. On April 1, 2009, low- and middle-income workers started seeing a bit more in their paychecks, thanks to the "Making Work Pay" tax credit in the federal recovery act. The tax credit is 6.2 percent of a taxpayer’s earned income with a maximum credit of $800 for a married couple filing a joint return and $400 for other taxpayers.