Posts Tagged ‘Draft’

Small American Firms Believe Big Corps Don’t Pay Enough Taxes

Small American Firms Believe Big Corps Don’t Pay Enough Taxes

Owners of small businesses in the United States don’t think large corporations, and the wealthiest American citizens, are paying their fair share of taxes, a recent survey has discovered. A nationwide survey by the American Sustainable Business Council, Main Street Alliance and Small Business Majority, found that 67% of small enterprise owners think big corporations [...]

Eurozone Crisis Threatens UK Banks, Says Bank Of England Governor

Eurozone Crisis Threatens UK Banks, Says Bank Of England Governor

Sir Mervyn King, governor of the Bank of England, has warned that the current debt crisis affecting Eurozone nations such as Greece is a “serious and immediate risk” to the British banking system. Speaking at a press conference in London, Sir Mervyn called on British banks to use their profits to build up more reserves [...]

Bentley Car Sales Rise 37 Percent In 2011

Portion of the front grille from a Bentley car

The British luxury car builder Bentley, a subsidiary of Volkswagen Group (FWB: VOW, VOW3) has reported that sales rose by 37 percent in 2011, with demand returning to the levels seen before the recession. In the year to December 31, Bentley sold 7003 cars, whose prices begin at £133,000 ($208,000). Bentley’s leading market remains the [...]

Online Retailer Rue La La Steps Away From Daily Deals Business

Online Retailer Rue La La Steps Away From Daily Deals Business

Rue La La, an Internet-based retailer, has moved its focus away from its Rue Local daily deal business. The company is one of a number that has recently moved away from the industry. Rue Local, which provided daily deals each day for people in US cities including New York, Washington D.C. and Los Angeles, is [...]

Groupon Shares Begin To Fall As Merchants Shy Away From Offering Daily Deals

Groupon Shares Begin To Fall As Merchants Shy Away From Offering Daily Deals

The US-based daily deals website Groupon (Public, NASDAQ:GRPN) has recently seen its shares suffer some disappointing falls, which indicate that both investors and vendors may be beginning to have second thoughts about the site, and possibly even the daily-deal industry as a whole. Groupon shares recently dropped below the company’s initial public offering price of [...]

Number Of Global Start-Ups Rose In 2011

Number Of Global Start-Ups Rose In 2011

The amount of people running businesses rose during 2011, with nearly 400 million company founders being recorded in 54 countries by the most recent version of the Global Entrepreneurship Monitor (GEM) report. The report provides the most comprehensive examination of start-up activity in the world. The GEM study discovered that out of 20 of the [...]

Samsung Plan To Build Chinese Plant Approved By South Korea

Person Pointing To Tablet Computer

The South Korean government has approved a plan by Samsung Electronics to build a new flash memory chip plant in China. The industry has enjoyed substantial growth thanks to increased demand for smartphones and tablet devices. Firms in South Korea must apply to the government in order to establish production bases outside the country, for [...]

Optimism On Global Economy Causes Oil Price Rise

Oil Drilling Rig

The price of crude oil rose sharply amid optimism over the global economy, as well as fears about the current tension in the Middle East. Brent crude was up by $4.89 on the day, closing at $112.27 a barrel and US crude also rose by $4.13 to $102.96. Hopes for a recovery in the global [...]

Export Growth In China Slows Down During October

Export Growth In China Slows Down During October

China’s export growth slowed down further during the month of October this year, according to the latest economic figures for the nation. Demand for the country’s goods has been dented – this is largely down to the debt crisis hitting the eurozone, as well as worries of a slowdown in the USA. Shipments from China [...]

Co-operative Group In Second Round Bid For Lloyds Branches

Co-Operative Banking Group Head Office, Manchester UK

The Co-operative Group is to submit a second-round bid this week for over 600 bank branches which are being sold off by Lloyds Banking Group (LSE: LLOY). Lloyds is obliged to sell 632 of its branches and £36 billion of deposits, after the European Commission ordered it to do so after it was bailed out [...]