Faced with a deadline set by regulators, the ING Groep NV is searching for buyers for its Southeast Asian and part of its Japanese insurance businesses. Already bidding for the Japanese arm of the business is Manulife Financial Corp. Their interest in purchasing the Japanese operation is as part of a larger deal for ING… Continue Reading
In a recent interview with Fox Business, President of the Federal Reserve Bank of Atlanta Dennis Lockhart discussed the economy’s current condition. Calling the current growth ‘anemic’, Lockhart suggested that the central bank implement additional stimulus measures in the near future. Watch the latest video at video.foxbusiness.com Continue Reading
Thinking of starting a business, but you are only in college? Never mind that. The best time to start a company is always now. Worried about the risks? The risks are overwhelmed by the reasons to begin today. 1. Why Start a Business Now? Because You Can! Just look around. Google, BustedTees, Facebook are all… Continue Reading
Fletcher Building, a building materials manufacturer and distributor based in New Zealand, just released a statement announcing its plans to sell its electrical business. “Fletcher Building Limited today announced that it had entered into a conditional agreement to sell its electrical products distribution business Corys Electrical to Sonepar SA,” the statement reads. “Sonepar SA is… Continue Reading
If you are old enough to remember companies like TWA, Pan Am, Woolworth’s and lots more, then you know that even the seemingly most stable, powerful and successful companies can go belly-up despite their prestige and branding. History teaches its students that the future is just a remake of the past, and what we learn… Continue Reading
The struggling global economy has impacted employment, wages, industries and both import and export markets all over the world. China, though disappointed by slow growth, is one of several countries that has managed to continue generating jobs and increase wages despite the obstacles. Which isn’t to say that their economy is thriving- as a matter… Continue Reading
One of the most crippling problems amongst small businesses is the excessive number of overdue payments. The average SME receives payments from other businesses two months late, and many suffer greatly from the delay. The Guardian lists several tips for avoiding such situations: Don’t make credit management subordinate to sales– Make sure the incentives you… Continue Reading
The numbers are in and the results are that the economy is growing at a sluggish pace, almost too slow to notice. Although slightly higher than the 1.5 percent that the Commerce Department originally predicted, the April to June quarter growth of 1.7 percent is an omen that the US economy during the last half… Continue Reading
The H.J. Heinz Company recently held its annual shareholder meeting. William R. Johnson, the company chairman, president and CEO, announced that the business plans to report “strong first-quarter results.” According to BusinessWeek, these include: Organic sales growth (volume plus price) of almost 5%, marking the Company’s 29th consecutive quarter of organic top-line growth; Net income… Continue Reading
Republican Governor of New Jersey Chris Christie gave the keynote speech at the Republican National Convention in Tampa on Tuesday night, directing much of his speech at the economic crisis and the Republican vision for the future. Here is a collection of some of Christie’s most quotable quotes: • “There’s only one thing missing now.… Continue Reading