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Articles of Interest

Bus Rapid Transit To ‘Maximize Potential’ Of Ashland Avenue

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By The Huffington Post News Editors

The first phase of a closely watched Chicago bus project would “maximize street potential” along more than five miles of Ashland Avenue for about $50 million, city officials announced Friday.

The project would establish bus rapid transit (BRT) along that congested artery from 31st Place to Cortland Avenue. The city will study possible extensions stretching as far south as 95th Street and as far north as Irving Park Road, according to a statement from the Chicago Transit Authority and the Chicago Department of Transportation.

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From: http://www.huffingtonpost.com/2013/04/20/bus-rapid-transit-to-maxi_n_3123036.html

Business, Finance, Occupation & Industry

CEO Optimism Rises for Sales and Capital Spending, but Not for Jobs

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By 24/7 Wall St.

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The Business Roundtable (BRT) released its first-quarter CEO Economic Outlook Survey for 2013, showing that average CEO economic expectations for the coming six-month period have improved for first time in four quarters. Unfortunately, CEO optimism may not translate to jobs growth yet. Chief executives are expecting higher sales and capital spending from their companies but are expecting that net hiring will remain flat.

The BRT said, “CEO economic expectations increased for the first time in four quarters. BRT CEOs also expect 2.1 percent growth for 2013, a slight increase from last quarter’s estimate of 2.0 percent.”

Jim McNerney, who is head of Boeing Co. (NYSE: BA) and the chairman of Business Roundtable, said, “The relatively smaller improvement in the outlook for hiring, however, may reflect ongoing uncertainty and a wait-and-see attitude about the business climate in the United States, as agreement on the nation’s debt and budgetary issues remains elusive.”

Today’s survey release was up in the first quarter of 2013, to 81.0 from 65.6 in the fourth quarter of last year, and is back to the its highest level since the second quarter of 2012. The current index is at about its long-term average level of 79.2.

The BRT survey was completed between February 11 and March 1, 2013, and responses were received from 144 member CEOs for a 69% participation rate in the BRT survey. Here is a snapshot:

Roundtable

Filed under: 24/7 Wall St. Wire, Corporate Governance, Economy, Jobs, Labor & Unions, Large Cap Stocks Tagged: BA

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Source: FULL ARTICLE at DailyFinance