Business

U.S. business spending picking up, but may slow in second quarter

Durable goods are seen on sale in a store in Los Angeles, California, U.S., March 24, 2017. REUTERS/Lucy Nicholson New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. Manufacturing is recovering from a prolonged slump, ... Read More »

Characteristics of Productive Businesses

If you run a small business, then you probably know how essential productivity is to success. If your business isn’t generating a profit, then it won’t last for very long. If you want to take your small business to the next level, then follow these tips on how you can increase productivity and see your business rise to new heights. ... Read More »

Sammy Hagar still accelerating in music, business and life

AUSTIN — It’s still true, Sammy Hagar can’t drive 55. During an engaging hourlong discussion here Thursday at the South By Southwest Festival, the 69-year-old singer and guitarist talked about his career and his influences, especially the values his mother stressed that helped him become an entrepreneur. As for vehicles, he said, “I like to drive fast and the kind of cars ... Read More »

Hopes and pitfalls of council business deals

To add to Peter Wilby’s excellent article (The councils turning to risky business, 7 March), the idea of public service is being swept away as local authorities seek to fill the huge gap in income created by the Tory government’s move to abolish central funding by 2020. Many authorities are trading away from their home turf; but the setting up ... Read More »

Canada’s banks set up fund to finance small businesses

* Ex CPPIB boss Wiseman says fund can be catalyst for growth * Fund worth C$500 mln initially, could rise to C$1 bln * Similar UK fund has proved successful * Fund will take minority stakes and invest over long-term * Pension funds could also invest -CIBC CEO (Adds comments from former CPPIB CEO Mark Wiseman) By Matt Scuffham and ... Read More »

20 Things Your Business Still Doesn’t Get About Hyperlocal Marketing

Surefire Social is rebranding and becoming Surefire Local, a marketing technology platform with a strong focus on hyperlocal marketing. In addition, the company has acquired Atlanta-based Promio to strengthen its offering. The company isn’t totally changing its direction though. Surefire Social already provided a number of different marketing services that could benefit local businesses, including those with a storefront and ... Read More »

Austria to sue Airbus over Eurofighter contract

Austria is to sue Airbus and the Eurofighter consortium over a 2 billion-euro (£1.7bn) deal to buy Typhoon warplanes. Its defence ministry said that following an investigation it believed Austria had been misled over the purchase price. It could sue the two companies for 1.1bn euros, it said. Airbus said the allegations had taken it by surprise and that it ... Read More »

KitKat maker Nestle misses forecasts as profit falls

Nestle, which makes KitKats, Nescafe and Purina pet food, has said it will steepen its cost-cutting plan after unveiling disappointing results. Net profit for 2016 fell to 8.5bn Swiss francs (£6.78bn) from 9.1bn a year earlier. Analysts had expected 9.59bn francs’ worth of profit. Sluggish food inflation in most of its markets and easing demand in emerging markets saw sales ... Read More »

£900 coat maker Canada Goose to sell shares

Canada Goose, maker of Arctic coats costing as much as £900, has applied for a stock market listing in New York and Toronto. The company, part-owned by private equity firm Bain Capital, wants to pay off some of its debt, it says. It was founded in 1957 in Toronto and is known for its coyote fur-lined hooded jackets. The company ... Read More »

Marmite owner Unilever sees no merit in Kraft takeover

Unilever, whose brands include Marmite and PG Tips, has strongly rejected a takeover bid from US giant Kraft Heinz. The UK-based household goods maker said it saw “no merit, either financial or strategic” in Kraft’s offer, worth about $143bn (£115bn). But Kraft, which makes Heinz ketchup, indicated it would continue working on a deal, sending shares in Unilever surging more ... Read More »