AboutTeamNewsContact
Pershing accessClient Login
December 20, 2009

InvestmentNews: Reed Halladay Quoted in “Corporate earnings will eclipse expectations, optimists contend”

“Corporate earnings will eclipse expectations, optimists contend,” by Dan Jamieson, InvestmentNews.

“Wage increases are unlikely, contends Reed Halladay, managing partner at Bel Air Investment Advisors LLC, which manages $5 billion.”

“’There’s excess supply [of labor]‘ … Workers are ‘not in a position to negotiate’ for higher wages.”

“With capacity utilization running at just 70%, there’s room for expansion without driving up production costs, Mr. Halladay added.”

Click Here to read full article.