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Posted at 06:30 AM ET, 02/27/2012

Get started ‘On’ Feb. 27: Economists showing more confidence, Pentagon seeking more contracting auditors

Our daily blend of the latest news, trends and tips for the small business community.

What’s going ‘on’:

The Defense Department wants to increase spending on workers by 14 percent this year. (KEVIN LAMARQUE - REUTERS)
Economists confident about year ahead: The National Association for Business Economics said Monday that forecasters have raised their expectations for employment, new home construction and business spending this year. But they held on to their average prediction that the nation’s gross domestic product will grow at a rate of 2.4 percent.

Pentagon aims to add auditors, crack down on contracting: The Defense Department wants to add as many as 1,612 employees to oversee and audit contracts next year even as it plans for a 5 percent cut in the U.S. military’s budget. Spending on the workers would rise 14 percent, to $1.9 billion, in fiscal 2013, from $1.7 billion a year earlier.

Keep an eye ‘on’:

Apple’s smartphone lead in jeopardy: The global market leader in smartphones is enjoying record profits and sales, but the mobile computing industry it conquered is changing rapidly, and not even Apple’s trend-setting image appears guaranteed. Th company’s main rivals — Samsung, HTC and ZTE — are making smartphones for much less, and the iPhone is becoming ubiquitous, threatening its cachet.

Helpful advice ‘on’:

How to know when to close the business (OSB)

How body language works at work (Capital Business)

How a tablet could boost business (Small Biz Trends)

How to become a great business networker (Business Journals)

How to track a firm’s profits and losses (Entrepreneur)

By  |  06:30 AM ET, 02/27/2012

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