Ten Best Companies to Work For

1.      SAS

SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market.  Job growth: 3%,  no. of U.S. employees: 5,629.

2.      Boston Consulting Group

BCG is a global management consulting firm and the world's leading advisor on business strategy. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.  Job growth: 2%,  no. of U.S. employees: 1,713.

3.      Wegman’s Food Markets

Headquartered in Rochester, New York, Wegmans is a privately held, family-owned company, founded in 1916 by the Wegman family. Danny Wegman is CEO, and Colleen Wegman, his daughter, is president. Robert Wegman, Danny’s father, was chairman until his death in April 2006.  Wegmans operates 77 stores: 47 in New York State, 14 in Pennsylvania, 7 in New Jersey, 6 in Virginia and 2 in Maryland. Wegmans will open its first store in Massachusetts in 2011.  Job growth: 6%,  no. of U.S. employees: 41,000+.

4.      Google

Beginning in 1996, Stanford University graduate students Larry Page and Sergey Brin built a search engine called “BackRub” that used links to determine the importance of individual web pages. By 1998 they had formalized their work, creating the company you know today as Google.  Today the company employs thousands of people worldwide.  Last year Google reported a 20% revenue increase and raised employee pay by 10%.

5.      NetApp

NetApp creates innovative products—storage systems and software that help customers around the world store, manage, protect, and retain one of their most precious corporate assets: their data.  Job growth: 9%,  no. of U.S. employees: 5,455.

6.      Zappos.com

Zappos.com original idea was to create a web site that offered the absolute best selection in shoes in terms of brands, styles, colors, sizes, and widths. Over the past 9 years, the brand and aspirations have evolved, and in addition to offering the best selection, with the goal to be the company that provides the absolute best service online -- not just in shoes, but in any category.  Job growth: 37%,  no. of U.S. employees: 1,843.

7.      Camden Property Trust

Camden Property Trust is one of the largest publicly traded multifamily companies in the United States. Structured as a Real Estate Investment Trust (REIT), the company is engaged in the ownership, development, acquisition, management, and disposition of multifamily residential apartment communities.  Job growth: 3.7%,  no. of U.S. employees: 1,800+.

8.      Nugget Market

A family-owned business, for one, and it has been since 1926, when it was started in Woodland, California, by the Stille family. The Stilles are still running the place today, now with nine Nugget Market locations in the greater Sacramento area.  Job growth: -2%,  no. of U.S. employees: 1,204.

9.      Recreational Equipment Inc. – REI

The company designs award-winning REI brand gear and clothing and donates millions of dollars to support conservation efforts nationwide and sends dedicated teams of volunteers—members, customers and REI employees—to build trails, clean up beaches, restore local habitats and more.  Job growth: -1%,  no. of U.S. employees: 9,280.

10.  DreamWorks Animation SKG

DreamWorks Animation SKG produces high-quality family entertainment through the use of computer-generated (CG) animation seen in movies like Shrek and Madagascar.  Job growth: 10%,  no. of U.S. employees: 1,994.

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Intel Posts Profit That Beats Forecasts

By LAURIE J. FLYNN

Published: July 20, 2011   

Photo credit: Randy L. Rasmussen / The Oregonian

Hillsboro, Oregon -- Intel's new research facility in full swing. Expected to open in 2013.

SAN FRANCISCO — Intel said that the modernization of data centers — the engines behind cloud computing — were responsible for the strong worldwide sales the chip maker reported Wednesday.  Paul S. Otellini, chief executive, called the quarter strong across all of Intel's products.

 

“This was a very strong quarter across all our product lines and throughout the world,” said Paul S. Otellini, Intel’s chief executive, in a conference call with analysts. “Strong corporate demand for our most advanced technology, the surge of mobile devices and Internet traffic fueling data center growth, and the rapid rise of computing in emerging markets drove record results.”

Intel’s results were also lifted by strong demand from corporations and first-time purchases by customers in China and other emerging markets.

The company, the world’s largest maker of computer chips, said its net income after expenses rose 2 percent to $3 billion, or 54 cents a share, exceeding Wall Street estimates. Revenue increased 21 percent, to $13 billion.

Intel has for several quarters experienced a surge in demand for technology used in data centers, which store and process the huge amounts of information flowing across the Internet. The importance of that market was evident this week as Intel announced plans to acquire Fulcrum Microsystems, a privately held company that designs chips for data center networks. The terms of the deal were not disclosed. Revenue from data centers today accounts for roughly 20 percent of Intel’s sales.

“I fully believe that it is the data center — the cloud — that is driving Intel,” said Patrick Wang, an analyst with Evercore Partners.

Demand for cloud computing is created by the soaring popularity of smartphones and tablets, which provide consumers with continuous, on-the-fly access to the Internet. Mr. Otellini told analysts in May that the technology industry needs one data center server computer for every 600 smartphones in use and one server for every 122 tablets. “We believe we are very early in the cloud build-out and that Intel is well positioned to grow,” Mr. Otellini said. During the second quarter, revenue growth in Intel’s data center group accounted for $2.44 billion.

Wall Street analysts had said earnings would remain flat at 51 cents a share while revenue would increase 19 percent to $12.84 billion. In the same period last year, Intel earned 51 cents a share on revenue of $10.77 billion.

Mr. Otellini said he expected Intel’s revenue to grow in the mid-20 percent range for the year. Revenue will be about $14 billion, Intel said, compared with a forecast of $13.5 billion.
Intel’s gross margin, the percentage of sales excluding production costs, will be about 64 percent, up from 61 percent in the second quarter.

Intel reported that sales in its PC group rose 11 percent, in stark contrast to reports of sluggish PC shipments worldwide. The technology research firm Gartner said last week that shipments grew only 2.3 percent during the second quarter, to 85.2 million computers.

But while Intel has continually confounded skeptics forecasting gloom in the PC market, the company has come under intense criticism lately for stumbling in the market for smartphones, where some analysts worry that it may be too late for Intel to catch up.

Products based on a competing chip standard, known as ARM, have quickly dominated the market. Intel is not expected to have a viable alternative on the market for several months.
Stacy J. Smith, Intel’s chief financial officer, said on Wednesday that production of its mobile chip was on track.

The financial report was issued after the close of regular trading Wednesday. Shares of Intel closed at $22.99, then declined slightly in after-hours trading. The second quarter was the first full period that included the results of McAfee and Infineon Wireless, which Intel acquired in the first quarter. Those businesses contributed about $1 billion in revenue during the second quarter.

This article has been revised to reflect the following correction:
Correction: July 20, 2011

An earlier version of this article misstated the percentage increase in Intel's net income as 10 percent.

Portland Business Alliance Keeps Jobs Focus

Portland Business Journal - by Andy Giegerich

Date: Monday, July 18, 2011, 7:34pm PDT

The Portland Business AllianceThe Portland Business AllianceLatest from The Business JournalsPortland Business Alliance keeps jobs focusBusiness alliance grades pols on jobsCalendarFollow this company’s outgoing board chairman said the city’s pre-eminent business lobby plans to keep pushing its jobs-heavy agenda.
PBA also plans to soon issue studies on the area’s land use, manufacturing industry and traded-sector industry opportunities, said Roger Hinshaw, Bank of AmericaBank of AmericaLatest from The Business JournalsVIDEO: Hugh McColl says Bank of America is 'running through fire'Hugh McColl talks Bank of America and Charlotte's future U.S. Bancorp profits soarFollow this company’s Oregon president and the PBA’s immediate past member chairman.

“We want to keep the dialogue and discourse at a high level, and be consistent with our business partners,” said Hinshaw, who was replaced by former Portland Trail BlazersPortland Trail BlazersLatest from The Business JournalsIf Blazers play, they're well scheduledSurvey belies Portlanders' Blazers loveBlazers lay off two top execsFollow this company executive J. Isaac on July 1. “In some respects, we have a unique opportunity right now to continue developing our focus areas. . .we’re not talking about divisive topics you typically hear about from business associations, we’re talking about jobs and what they mean to families and the community.”

During Hinshaw’s tenure, the alliance released a landmark study noting that Multnomah County fared poorly in terms of job creation between 1997 and 2009. Hinshaw and other alliance leaders organized a jobs summit that identified potential areas of strength — traded sector products and services, or goods that can be sold outside the Portland region, head the list of potential money makers — and continue to assemble parties in such areas as creative services and technology that might generate economic growth.

“Last year was about getting the message out about he value of jobs and tying a healthy private sector to central public services,” Hinshaw said.

Counting officers and ex-officio members, the PBA board numbers more than 65 people. It represents more than 1,400 businesses and has a $7 million annual budget.

@andygiegerich | agiegerich@bizjournals.com | 503-219-3419

June jobs report: Hiring Slows, Unemployment Rises

By Annalyn Censky @CNNMoney July 8, 2011: 12:16 PM ET

NEW YORK (CNNMoney) -- The job market hit a major roadblock last month, as hiring slowed to a crawl and the unemployment rate unexpectedly rose.

The economy gained just 18,000 jobs in June, the government reported Friday, sharply missing most expectations and coming in even weaker than the paltry 25,000 jobs added in May.

It marked the weakest month since September, when the economy was still losing jobs. Immediately after the release, stock futures plummeted and bond prices rose.

"At first, when I heard it, I thought maybe they had announced the wrong numbers, they were so bad," said Robert Brusca of Fact and Opinion Economics.

Economists were expecting government job losses, but few had predicted that private businesses would pull the reins back so tightly.

Private businesses added only 57,000 jobs in June - the weakest growth since May 2010. Earlier this year, businesses had been adding more than 200,000 jobs each month.

"You look at the charts for private sector growth and you could see, we were building a nice, steady crescendo," Brusca said. "All of a sudden the bottom fell out!"

The main culprit economists are point to: uncertainty.

Businesses are hesitant to hire given uncertainty surrounding federal spending cuts and tax policy, as Congress still has yet to reach an agreement on the debt ceiling and long-term measures for trimming the nation's deficit.

"I think a lot of this is the backlash to the impasse in Washington," Brusca said. "If you're a small business man, you sit back and say I'm not doing anything, I'm not hiring -- until I see what happens in Washington."

But a variety of other factors also could have contributed to the recent weakness.

"There isn't a single silver bullet -- there are a number of factors coming together," said John Silvia, chief economist for Wells Fargo. "The tsunami, floods, higher gas prices, and the stalemate in Washington all create a lot of uncertainty."

0:00 / 2:28 Government bleeding jobs, no end in sight More bad news: June's jobs report follows an already dismal report from May. Economists, for the most part, were hopeful that June would be better, predicting about 125,000 jobs added during the month, according to a CNNMoney survey.

But instead, the June jobs report brought bad news on nearly every front.  The government revised the jobs numbers for April and May both downward, average weekly hours and wages fell, and the unemployment rate rose to 9.2% from 9.1% in May.

Meanwhile, the total number of unemployed people rose to 14.1 million.  A whopping 44% of those folks, or 6.3 million people, have been unemployed for 6 months or more. The average length of unemployment is 39.9 weeks -- an all-time high.

The underemployment rate, which includes people who want to work full-time but are forced to work part-time, rose to 16.2%, its highest rate since December.

Overall, the job market is still far from a full recovery. The economy needs to add about 150,000 jobs a month just to keep pace with population growth.

So far, the nation has only gained back about a fifth of the 8.8 million jobs lost since the recession began.

Read the full story at: http://money.cnn.com/2011/07/08/news/economy/june_jobs_report_unemployment/index.htm

0:00 / 0:51 Forecast grim for job companies

Read the full story

The Latest Jobs Report

JUNE 2011
U.S. Department of Labor, Bureau of Labor & Statistics

Nonfarm payroll employment was essentially unchanged in June (+18,000), and the unemployment rate was little changed at 9.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment in most major private-sector industries changed little over the month. Government employment continued to trend down.

Household Survey Data

The number of unemployed persons (14.1 million) and the unemployment rate (9.2 percent) were essentially unchanged over the month. Since March, the number of unemployed persons has increased by 545,000, and the unemployment rate has risen by 0.4 percentage point. The labor force, at 153.4 million, changed little over the month. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (9.1 percent),  adult women (8.0 percent), teenagers (24.5 percent), whites (8.1 percent), blacks (16.2 percent), and Hispanics (11.6 percent) showed little or no change in June.  The jobless rate for Asians was 6.8 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)

The number of persons unemployed for less than  weeks increased by 412,000 in June. The number of long-term unemployed (those jobless for 27 weeks and over) was essentially unchanged over the month, at 6.3 million, and accounted for 44.4 percent of the unemployed. (See table A-12.)

The civilian labor force participation rate was little changed in June at 64.1 percent. The employment-population ratio decreased by 0.2 percentage point to 58.2 percent. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially unchanged in June at 8.6 million. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)

In June, 2.7 million persons were marginally attached to the labor force, about the same as a year earlier. (These data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 982,000 discouraged workers in June, down by 225,000 from a year earlier. (These data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.7 million persons marginally attached to the labor force in June had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)

See the complete report at: http://www.bls.gov/news.release/empsit.nr0.htm