Dow Jones: 'Beginning of the End' of Recession?
NEW YORK-The Dow Jones Economic Sentiment Indicator notched up to 39.4 in March from 38.1 in February, suggesting a possible "beginning of the end" of the economic downturn, the company said of the findings.
Driving the modest upward trend was better-than-expected regional business news, along with small improvements in several national economic measures, according to Dow. The firm created its Economic Sentiment Indictor to predict the health of the U.S. economy by analyzing financial coverage of 15 major daily newspapers in the U.S.
The ESI's gain adds weight to the view that after a weak start to 2010 the economy may again be gaining strength, the firm said, noting that The Conference Board's Consumer Confidence Index registered a gain in March after falling unexpectedly in February.
Gurney To Replace Mecham At Deseret First
SALT LAKE CITY-Deseret First Credit Union, Salt Lake City, has tapped Clinton R. Gurney to replace Kris J Mecham as CEO at the $499-million CU.
Mecham is leaving his post at Deseret and as chairman of CUNA to serve as president of the Mongolia Ulaanbaatar mission of the Church of Jesus Christ Latter-Day Saints. Gurney comes to Deseret after having retired from a 27-year tenure with the LDS Church, where he held positions as worldwide director of Treasury Services, financial controller and managing director of finance.
