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Private companies paying bills later - Sageworks Stats @ Forbes.com

Posted by Mary Ellen Biery
Private companies paying bills later - Sageworks Stats @ Forbes.com

U.S. companies continued to guard their cash flows despite increasing sales in 2011, reflecting continued uncertainty in the economic recovery and slower paying customers. Privately held businesses, which account for up to 70 percent of GDP and generate 80 percent of new jobs, stretched their average time for making payments to the highest level in a decade. ...

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ABC News - Economy 2011: Signs point to slow improvement

Posted by Sageworks
ABC News - Economy 2011: Signs point to slow improvement

Nearing the year-end, analysts weighed in on the economic improvement (or lack thereof) experienced in 2011. Brian Hamilton, CEO of Sageworks, a financial information company, spoke with ABC's Richard Davies to weigh in on the performance of privately held companies over the past year when factors such as the unemployment rate remained weak. ...

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Pump up profitability

Posted by Sageworks
Pump up profitability

U.S. consumer confidence improved in November from last month. But with the failure of Congress's supercommittee to reach an agreement on the deficit and unemployment still around 9 percent, consumers - who generate 70 percent of all economic activity - may remain uncertain about the future. ...

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