Professional Business Network

  Published on Feb 15, 2012     Purchase this article for republication   Buy SPH photos    

ATHENS (AFP) – Greece is in great danger of being forced from the euro zone, its finance minister said on Wednesday in a dramatic admission that a debt rescue to avert bankruptcy is close to burn-out.

Evidence that Greece is fighting by the hour for its life in the euro zone despite a chaotic two-year struggle to survive was hardened by German remarks complaining of the Greek ‘bottomless pit’. The warning that Greece risks sinking despite massive budget cuts and a slump in living standards came from Greek Finance Minister Evangelos Venizelos.

Speaking after euro zone ministers gave him a new ultimatum on rescue conditions, and after rioting and arson in Athens on Sunday, he revealed the full force of pressures within the Eurogroup of finance ministers: ‘The country is on a knife’s edge,’ he said.

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SAN FRANCISCO, CA, January 30, 2012 /24-7PressRelease/ — Tracker Corp, , developer of innovative Form I-9 E-Verify compliance and immigration case management software, was named a Finalist today in the Front-Line Customer Service Team of the Year category in the sixth annual Stevie Awards for Sales Customer Service, and will ultimately be a Gold, Silver, or Bronze Stevie Award winner in the program.

The awards are presented by the Stevie Awards, which organizes several of the world’s leading business awards shows including the prestigious International Business Awards.

Nicknamed the Stevies for the Greek word crowned, the final results will be announced during a gala banquet on Monday, February 27 at Caesars Palace in Las Vegas, Nevada. Finalists from the U.S.A. and several other nations are expected to attend. Read Full Post…

Cardiff headquartered cake to gluten free bread maker Finsbury Food Group has for the first time broken through the 100m turnover barrier for a six month trading period.

The company, which is listed on the Alternative Investment Market, also has its Memory Lane Cakes business in Cardiff, working on own-label cakes for retailers and Thorntons.

Its total workforce in Cardiff is 900.

The UK-wide company said that in the first half of its current financial year the six month period to the end of December, 2011 group revenues continued to grow significantly reaching 102m, passing the 100m six months milestone for the first time.

This represents organic growth of just over 14m and an increase of 16% compared with the previous year.

The group experienced growth across each of the Finsbury businesses. Both the UK cake and bread and Free From businesses saw strong growth of 10% and 8% respectively.

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Public education could contribute to Connecticut’s economy more than it already does, a prominent economist and the president of the University of Connecticut told an audience of 600 people at the annual Connecticut and Business Industry Association/MetroHartford Alliance economy summit.

UConn President Susan Herbst said there was a time when universities thought their economic contribution was as an employer and through spending by out-of-town parents on visits.

But now, she said, they understand that investments in science and engineering are major economic engines.

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It happens everyday. Well-prepared entrepreneurs are walking into the banks with brilliant business ideas backed by well developed business plans and are walking out empty-handed. Many of these professionals are ultimately able to obtain small business financing from private lenders, such as Tom McKenzie, through business capital brokers such as Lil Sawyer.

For individuals who do not want to give up a certain percentage ownership in the business as is often required by venture capitalists and deal with angel investors who may demand a board position or significant day-to-day control, the private lender may be a small business financing alternative worth considering.

On the whole, when it comes to small business financing, private lenders are looking for the same information and will conduct a similar due diligence as the banks to make a positive funding decision.

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  Published on Jan 4, 2012     Purchase this article for republication   Buy SPH photos    

NEW YORK (AP) – Yahoo is reportedly considering naming Mr Scott Thompson, the president of eBay’s PayPal division, as its new chief executive officer (CEO).

The struggling Internet company has been without a permanent CEO since early September, when it fired Ms Carol Bartz after losing patience with her attempts to turn around the company during her 2 years on the job. Mr Tim Morse, Yahoo’s chief financial officer, has been interim CEO.

The Wall Street Journal said late on Tuesday that Mr Thompson could be named to head the California-based company.

A representative for Yahoo could not be immediately reached for comment on Wednesday.

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MONTREAL, QC, December 15, 2011 /24-7PressRelease/ — Pawning or selling things online has become a very popular trend in Canada, following PawnUp.com’s launch of the fully functional online pawn shop earlier this year.

Unlike your ordinary gold and silver pawn shop around the corner, PawnUp.com online pawnbrokers offer their customers an opportunity to get a pawn loan or cash for sale without leaving the privacy and comfort of their own homes. With one of the lowest interest rates on the secured loans market, pawn loans rapidly become the first choice option for many short-term loan seekers.

PawnUp.com reacts to the needs of its customers fast: the company has made a decision to extend live support hours until 7 PM during the holiday season to serve its clients more efficiently. Read Full Post…