November 21, 2006 |
An index of leading U.S. economic indicators rose for a second month in October, pointing to a gradual strengthening of the expansion early next year. The Conference Board's measure increased 0.2% after a revised 0.4% September gain that was bigger than initially reported, the New York-based group said Monday. The index points to the direction of the economy over the next three to six months.
September 18, 2002 |
A panel of business leaders said Tuesday that America's executives are overpaid and called on corporate directors to take steps to rein in compensation, including requiring companies to record stock options grants as an expense. The 12-member panel of the Conference Board, which includes former Securities and Exchange Commission Chairman Arthur Levitt and Intel Corp. Chairman Andy Grove, issued 23 recommendations in all. The members were unanimous on everything but the options recommendation.
June 25, 2002 |
For the first time in nine years, many white-collar workers will get pay raises of less than 4% in 2002, according to a report released Monday. The Conference Board survey is the latest indication that compensation gains are slowing, and raises concerns among economists that smaller raises could dampen consumer spending and economic growth.
June 21, 2002 |
The Conference Board climbed on the bandwagon Thursday to restore confidence in corporate America, assembling a blue-chip panel to issue guidelines on thorny issues such as stock options. But whether the influential research group's 15-member panel--boasting the likes of former Federal Reserve Chairman Paul Volcker, Vanguard Group founder John Bogle and former Johnson & Johnson Chairman Ralph Larsen--will be able to sway corporate behavior is up for debate.
November 21, 2001 |
A key gauge of U.S. economic activity moved slightly higher last month, but not enough to suggest the economy is likely to recover any time soon, analysts said. The Conference Board said Tuesday its index of leading economic indicators rose 0.3% in October to 109.4 after tumbling 0.5% in September and dipping 0.1% in August. "The Federal Reserve is responsible for most of the strength in the index," said Michael Swanson, chief economist at Wells Fargo & Co.
November 2, 2000 |
Feeling generally upbeat about the coming year despite higher interest rates and a volatile stock market, the vast majority of Los Angeles consumers plan to spend at least as much this holiday season as they did in 1999, according to a survey released Wednesday. Nationwide, 82% of the consumers said they plan to spend at least as much as last year, while 77% of Los Angeles shoppers expect to match or surpass last year's spending.