Sharp to Launch Major, and Painful, Restructuring

Out of Osaka, Japan we learn that Sharp Corp. is about to embark on a major restructuring of its business that will likely change the company in fundamental ways. Plans call for closing domestic factories – a first for Sharp … Continue reading

U.S. Market Hit With Largest Decline in Retail Sales in 11 Months

New data released by the Commerce Department showed an unexpectedly large drop in retail sales for the month of December. In fact, U.S. retail sales had their largest across-the-board drop in the past eleven months – plunging economists into vigorous … Continue reading

Economy Falling into Recession, Moody’s Cuts Japan’s Credit Rating

Saying that there is “rising uncertainty” with regards to the country’s debt situation, Moody’s has cut Japan’s credit rating. Yet another indicator of fundamental problems in one of the world’s most powerful economies, Japan’s problems go well beyond its dramatically … Continue reading

Economists Predict Rapid Ramp-Up in Residential Construction

We were fortunate enough to receive an invitation from the National Association of Home Builders (NAHB) allowing us to participate in their annual Fall Construction Forecast presentation, a webinar put on for the benefit of  their members last week. Boy! … Continue reading

Sharp to Close European Operations; Licenses Brand to UMC of Slovakia

3,000 Sharp European Employees to be Cut Sharp Corp. said late last week that it has reached an agreement with Universal Media Corp. of Slovakia to license its brand and market Sharp branded products in Europe. As part of this … Continue reading

Builders Group Holds Mid-Year Construction Forecast Meeting; Economists Cautiously Optimistic

The Associated Builders and Contractors, Inc., (ABC) a builders trade association, held their third annual Mid-Year Construction Forecast presentation this week…inviting economists from three industry-related associations to present their outlook on the construction industry. This year, the invited economists included … Continue reading

Sharp Ends Production of Solar Panels at Tennessee Factory – 300 to Lose Their Jobs

Sharp Corporation announced that it has decided to end production of solar panels at its factory in Memphis, Tennessee, the Nikkei reported today. As a result, 300 jobs will be eliminated at the facility. See more on this unexpected announcement … Continue reading

Startling Jump in November Housing Starts; Are Happy Days Here Again?

Newly released data from the Commerce Department shows that housing starts took what many are characterizing as a startling jump in November – rising 23% overall above the October rate and almost 30% above the November 2012 rate. Analysts are … Continue reading