capital spending

BHP warned on Monday that China was slowing down but it said that it had no intention of cutting back any production or capital spending.

The big miners are ready to cash in. Capital spending is at an all-time high.

Until recently, capital spending was one of the main drivers of economic growth.

Capital spending tumbled during the recession more than it had at any time since the Great Depression.

But a slide into a second recession would require firms to cut back again on stocks, capital spending and jobs.

That's more than the company's cash flow from operations after capital spending (known as free cash flow).

It has said it needs oil to fetch $60 a barrel for the company's cash flow to cover capital spending and dividend payments this year.

The result would be a steep drop in investment in an economy largely dependent on capital spending to power its continued growth.

Many would have planned capital spending once a year, for instance. Now they do so every few months.

That brings the company's capital-spending plans to $8 billion for the next three years.

But capital spending is limited by the availability of new or expandable older projects as well as the men and equipment to do the digging.

There were also "dozens of hobby projects" that had to be shut down, with even minor capital-spending decisions subject to board review.

Uncertainty is still inhibiting investment, but business capital spending increased at a solid annual rate of about 17 percent.

Mr Fok took to calling himself "the blocker" as he repeatedly turned down capital spending proposals in the face of mounting 3G problems.

But Tobias Levkovich, Citigroup's chief U. S. equity strategist, says 'we suspect that capital spending will drop 15%' over the next year.

However, as the overhang of excess capacity and debt has disappeared, capital spending is now starting to perk up across Asia.

Factory output and capital spending are both rising and the authorities continue to hold to a cherished eight percent GDP growth target.

Since plants still have so much spare capacity, managers see little justification for capital spending.

And while capital spending has picked up in recent quarters, it hasn't been booming.

My firm's research predicted then that the government would curb capital spending and excess liquidity just as exports weakened.

That surge in productivity was in part a result of an earlier splurge in capital spending on information technology.

He was speaking as Enel halved its dividend and set out a programme of cuts in capital spending to bring down its borrowings.

Iron ore has always been the most important part of Vale's business, sucking up half of its capital spending.

Indeed, British regulations favour capital spending, which means that BAA has a big pipeline of construction projects ahead of it.

The survey also showed that job prospects and capital spending are rising as well.

Lower capital spending, they fear, could be a harbinger of slower productivity growth.

Capital spending is at its lowest relative to GDP in 40 years and is due to rise.

The outflow of capital spending and high paying jobs, as manufacturers shift more production overseas, will be a problem.

That will help offset declining conventional production with nearly all companies reining in capital spending.

The social-networking website has also become cashflow positive, with enough revenue to cover its operations and capital spending.

But once the extra capital spending is taken into account there may be little or no gain in overall economic efficiency.

But overall capital spending stays at the same insufficient level his predecessors reduced it to.

Clause 6. 6 of the term sheet, which outlines procedures for handling conflicting capital spending plans, could be a flashpoint.

They would keep their customers but see the half of their capital spending bill devoted to set-top boxes disappear.

For investment, the amount of capital spending by both business and government is subject to huge uncertainty.

Despite the shadow cast by the credit crunch and America's housing bust, firms had sustained their capital spending.

The recovery in capital spending after the 2001 recession was the most subdued in modern business cycle history.

The pace of the recovery in capital spending at home will likely weaken considerably.

Many rivals already do this. But few offer to finance the capital spending and guarantee the energy savings, as Siemens does.

Large companies plan to boost capital spending by more than 11 per cent this year, compared with less than 3 per cent in the March survey.

Businesses postpone capital spending and hiring until the clouds clear.

Tech companies typically boost capital spending when market conditions are good and pare back when demand is weak.

Investors should take away two things from Thursday's private capital spending numbers from Australia.

Firms are quick to scale back capital spending and consumers skip new cars rather than scrimp on food or healthcare.

Mr. Chang said capital spending by Unicom and its parent company will fall this year, as they reduce investment in areas such as broadband.

Recent figures for capital spending by firms have been encouraging.

sooner or later , it is argued , overcapacity will lead to a plunge in capital spending , bringing the economy crashing to earth.

IT si over 50 percent of the capital spending now with businesses in the United States.

U. S. -based Micron earlier this month said quarterly losses doubled and slashed capital spending plans.

Capital spending by industry just pokes along. Ditto residential building .

Capital spending by private non-financial companies is already gaining strength.

Firms can reduce capital-spending plans and cut dividends and other costs, but working capital requirements could grow more urgent.

Orders have dropped by a whopping 20. 5% annually sending a very negative signal for capital spending in the months ahead.

Moreover, its companies can readily finance capital spending from profits.

This could help fund the domestic capital spending boom needed to reduce the external deficit.

This also made it prudent to reconsider capital spending plans.

Fixed-asset investment in urban areas, an important measure of capital spending, has also been slowing from over 30% growth last r.

Some retailers in the Fed regions of Boston, Philadelphia, Cleveland and Dallas planned to cut capital spending projects for 2009.

With so much uncertainty, capital-spending plans are at 35-year lows.

Thus guarantees the entire capital spending plan completion.

Capital spending by firms also drooped, with house building still the weakest link.

But overall capital spending will nevertheless fall (see chart).

"Capital spending is very high and the cost of operating is pretty high, " says Eb Keshavarz, head of business development at AT&T.

The HIRE Act also allows firms to write off more of their investments in new equipment, encouraging capital spending.

The rebound in commercial-property prices in Tokyo and other large cities has driven capital spending to new heights.

Seidenberg noted that sales growth and capital spending, both of which improved in the first quarter, tend to rise before hiring resumes.

He thinks that lost capital spending this year could be as much as 15% of China's annual gross domestic product.

Economists are on counting on some improvement in capital spending. On this front, we could see an upside surprise in 2010.

Per person, China's capital spending on cities is roughly seven times greater than India's.

The other big corporate tax change now occurring will be negative for capital spending.

The monthly figures for fixed-asset investment, which are closely watched by economists, are based on total capital spending by firms.

Cash flow from operations for Burger King in 2009 was just $311 million, and capital spending was only $204 million.

Sooner or later, it is argued, a sharp slump in capital spending will bring the economy crashing to earth.

Business capital spending also tended to grow too rapidly -- witness the late 1990s investment boom.

Q: You increased capital spending by 25 percent and are overhauling all your stores to attract more customers.

If the capital-spending program were cut by, say, 70%, blackouts become a certainty by 2014, Mr. Weaving says.

It also gives them the flexibility to maintain capital spending.

Capital spending will start a steady improvement.

It is also immediately disbursing part of a 71. 6 billion yuan sum earmarked to aid capital spending by farmers.

As exporters suffered and reduced investment, capital spending shrank, pushing growth down by another 1. 6 percentage points.

He says there is a correlation between changes in CFO optimism and earnings, capital spending and employment in the following year.

Yesterday's survey, which covers almost 20, 000 companies, showed that capital spending was particularly high in the service sector.

Capital spending plans are being scaled back for the third quarter in a row.

Memory-chip makers sharply cut capital spending to cope.

The message from recent business surveys is that jobs, as well as capital spending, are in the firing-line.

Still, they allocated $2. 40 in capital spending in the U. S. for every $1 spent abroad.

In short, cost and profit, capital spending.

Exxon Mobil, the biggest, increased its capital spending by 5% in the first quarter.

In the December quarter, capital spending rose 3. 1 per cent against the previous three months.

The $2. 2 trillion capital spending binge that has underpinned the region's real-estate boom would end.

Alcoa, the world's largest aluminium producer, announced 15, 000 job cuts and a 50% decrease in capital spending because of the downturn.

About a third of them plan to increase their companies' capital spending during that time.

Growth in urban fixed-asset investment, the benchmark for capital spending, was steady at 23. 7% in October after 23. 2% in September.

Capital spending is still set at the much-reduced levels announced late last year.

Exxon Mobil, the biggest listed oil company, says that exploration and capital spending hit $27. 1 billion in 2009, 4% higher than in 2008.

Capital spending in 2010 is projected to increase to $2. 4 billion from its $2. 1 billion outlay in 2009.

Corporate capital spending increased 1. 1%, and GDP rose 6. 0% on an annualized basis after a 1. 3% drop in Q2.

Citigroup forecasts that in developed countries, industry's capital spending will fall by 3% this year after a 10% fall last year.

How would you react if Aflac holders sought advisory votes on capital spending, new products or expansion in Japan, your biggest market?

Berkshire plans to invest a record $8 billion on capital spending this year, after spending $6 billion on property and equipment in 2010.

About 48% of the 3Ms $1. 09 billion in capital spending last year went outside the U. S. , according to data compiled by Bloomberg.

Organic capital spending, excluding acquisitions, has soared from $139bn in 2003 to $342bn last year, the study found.

the cyclicality of capital spending of the Company's customers and lack of long-term customer contracts;

Companies' improving financial health will lead to a sharp increase in both capital spending and mergers and acquisitions

Countries that save too little to cover their capital spending are at the mercy of foreign investors;

This seems excessive, repeating the mistake often made in the past of slashing capital spending when times are hard;