Small Business

Penney says CIT continues to fund vendors, has ample cash

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- J.C. Penney Co Inc said on Thursday that commercial lender CIT Group Inc continued to support deliveries from suppliers, and claimed reports to the contrary were untrue.

Small business hiring slips for third straight month: NFIB

WASHINGTON - Small business employment ticked down in July for a third consecutive month, tempering the more positive signals sent by better-than-expected private job gains last month.

31 Jul 2013

CIT's clampdown only affects future shipments: source

- The tightened credit terms now being offered by CIT Group Inc to small vendors supplying J.C. Penney Co Inc only affects future shipments, a source familiar with the situation said on Wednesday.

31 Jul 2013

Small businesses see growth, but eye interest rates

NEW YORK - Small business owners plan for growth this year but are closely tracking recent interest rate rises and any impact they might have on their business and customers, according to a spot survey of firms in the New York region.

19 Jul 2013

WisdomTree launches small-cap dividend growth ETF

- WisdomTree Investments Inc , one of the largest providers of exchange-traded funds, has listed a new ETF it hopes will capture dividend growth through U.S. small-cap stocks.

25 Jul 2013

ECB takes lending step to help small business

FRANKFURT - The European Central Bank moved on Thursday to get more money to the euro zone's struggling small businesses, letting banks use more of the assets once blamed for triggering the financial crisis as collateral for cheap loans.

18 Jul 2013

Insight: Fast-growing U.S. craft brewers struggle with worker safety

NEW YORK - Welder Mark Moynihan crawled down a narrow tube into a space the size of a car interior to seal the crack in the fermentation tank at Calhoun's Bar-B-Q & Brewery in Knoxville, Tennessee.

U.S., Lifestyle, 12 Jul 2013

Small business confidence slips in June

WASHINGTON - Small business optimism fell in June from its one-year high as an uncertain recovery continues to unfold.

09 Jul 2013

RBS commissions review of UK small business lending

LONDON - Royal Bank of Scotland (RBS) has commissioned a review of its lending to small businesses, responding to concerns of a shortage of finance in a sector seen as vital to Britain's economic revival.

03 Jul 2013

UK seeks fairer share for small firms from outsourcing 'oligopoly'

LONDON - When a modest IT firm in southern England won a 13-million pound local authority contract in 1988, it was a huge coup for a business that had annual revenue of just 4.3 million pounds.

05 Jul 2013
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Q & A with Joel Jackson, founder of Mobius Motors

23 May 2013

Weeks ago the Global Post profiled an interesting startup in Africa called Mobius Motors that is working to manufacture affordable ($6,000) cars in Africa that are designed for Africans. By simplifying the designs through the elimination of non-essential parts like windows and air conditioning, the team at Mobius is able to drastically reduce the cost of the vehicle. Reuters reached Mobius' founder Joel Jackson over email to ask him about how his plans for the car company and some of the challenges he foresees.

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