Business Daily News
By Business Daily | Jul 29, 2024
The U.S. Small Business Administration (SBA) announced lender fees for the fiscal year 2025 for its 7(a) and 504 loan programs. Administrator Isabel Casillas Guzman, head of the SBA and a member of President Biden’s Cabinet, stated that for the second consecutive year, the SBA will not charge upfront fees for loans of $1,000,000 or less under both programs.
By Business Daily | Jul 29, 2024
Morgan Stanley at Work has introduced a new pre-login digital website experience aimed at benefits participants, emphasizing benefits education. This initiative addresses the sentiment of 85% of employees and 96% of HR leaders who believe companies should better assist employees in maximizing their benefits.
By Business Daily | Jul 26, 2024
Members of Local 1102 attended a citizenship clinic at Flying Food Group JFK. The announcement came in a union news release issued on July 19.
By Business Daily | Jul 25, 2024
Investment funds managed by Morgan Stanley Capital Partners (MSCP), the middle-market focused private equity team at Morgan Stanley Investment Management, have acquired American Restoration, a provider of residential and commercial property mitigation and restoration services. MSCP is partnering with the current management team led by CEO Dan Tarantin, who will continue to lead the business.
By Business Daily | Jul 23, 2024
BOSTON – On Monday, July 22, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, traveled to Boston alongside U.S. Senator Ed Markey, member of the Senate Committee on Small Business and Entrepreneurship, to highlight the impact of Inflation Reduction Act investments in community energy projects and to introduce a new SBA initiative to attract additional private capital to support small business investments in the clean energy transition.
By Business Daily | Jul 22, 2024
The Biden-Harris Administration has announced the launch of a new Green Lender Initiative aimed at enrolling additional climate lenders in the U.S. Small Business Administration’s (SBA) loan programs. The initiative, unveiled by SBA Administrator Isabel Casillas Guzman, seeks to leverage SBA loan guarantees to attract private capital for clean energy investments, aligning with President Biden's Inflation Reduction Act.
By Business Daily | Jul 22, 2024
The Goldman Sachs Group, Inc. (NYSE: GS) announced on July 22, 2024, that Bryon Lake will join the firm as Chief Transformation Officer for the Client Solutions Group within Goldman Sachs Asset Management. Lake will be based in New York and joins as a partner.
By Business Daily | Jul 19, 2024
The U.S. Small Business Administration (SBA) has announced a new funding opportunity for Native American-owned small businesses under the pilot Native American Trade Expansion Program (NATEP). The program, introduced by Administrator Isabel Casillas Guzman, aims to provide up to $240,000 in grants to support the expansion of exporting opportunities for these businesses. Proposals must be submitted by July 31, no later than 11:59 p.m. EDT.
By Business Daily | Jul 18, 2024
NEW YORK, July 18, 2024 – The Goldman Sachs Group, Inc. (NYSE:GS) announced the appointments of Haidee Lee and Carsten Woehrn as Partners and Global Co-Head of Sponsor M&A and Co-Head of M&A in EMEA, respectively.
By Business Daily | Jul 18, 2024
SAN JUAN – From Monday, July 15 through Tuesday, July 16, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet representing America's more than 33 million small businesses, visited Puerto Rico to participate in the Global Entrepreneurship Conference. During her visit, she engaged with local small businesses and discussed strategies for promoting entrepreneurship in Puerto Rico and across the Western Hemisphere.
By Business Daily | Jul 17, 2024
Global investment firms Carlyle (NASDAQ: CG) and KKR (NYSE: KKR) announced today that strategic partnerships comprising funds and accounts managed by their respective credit businesses have agreed to acquire a prime student loan portfolio from Discover Financial Services (NYSE: DFS) valued at approximately $10.1 billion.
By Business Daily | Jul 17, 2024
Morgan Stanley Wealth Management today announced results from its quarterly individual investor pulse survey.
By Business Daily | Jul 17, 2024
The National Right to Work Legal Defense Foundation announced that the National Labor Relations Board (NLRB) in Philadelphia has scheduled a vote for July 17 to decide if employees at Philadelphia International Airport can remove Unite Here Local 274 union officials. This decision follows nearly five months of litigation initiated by employee Kale Mulugeta with assistance from the foundation's attorneys.
By Business Daily | Jul 16, 2024
Morgan Stanley has announced its second quarter results for 2024. A conference call to discuss the outcomes will be held on July 16, 2024, at 9:30 a.m. (ET). Both live and on-demand versions of the webcast will be available in the Investor Relations section of Morgan Stanley's website.
By Business Daily | Jul 16, 2024
NEW YORK, July 16, 2024 – The recent rise in U.S. homeowners insurance costs has been driven by a combination of increasing natural catastrophe losses and extraordinary inflation following COVID-19, according to the Insurance Information Institute’s (Triple-I) latest Issues Brief. Triple-I also noted that legal system abuse is contributing to the cost increases.
By Business Daily | Jul 15, 2024
PwC has released a report titled "Sizing the prize: What’s the real value of AI for your business and how can you capitalise?" It highlights how artificial intelligence (AI) will enhance and augment what enterprises do.
By Business Daily | Jul 15, 2024
NEW YORK, July 15, 2024 – The Goldman Sachs Group, Inc. (NYSE: GS) reported net revenues of $12.73 billion and net earnings of $3.04 billion for the second quarter ended June 30, 2024. Diluted earnings per common share (EPS) were $8.62, and the annualized return on average common shareholders’ equity (ROE) was 10.9% for the second quarter of 2024.
By Business Daily | Jul 15, 2024
Research from the Anti-Defamation League (ADL) Center for Technology and Society (CTS) reveals that some Facebook groups in local communities have turned into toxic platforms for harassment. The most vulnerable on these platforms include Jews, women, LGBTQ+ advocates, immigrants, and people of color.
By Business Daily | Jul 15, 2024
The U.S. Small Business Administration (SBA) has announced $3 million in new funding under the Cybersecurity for Small Businesses Pilot Program. The grants will be awarded to state agencies to provide training, counseling, and other tailored cybersecurity services for startups and emerging entrepreneurs.
By Business Daily | Jul 15, 2024
The Anti-Defamation League (ADL) and JLens have filed a Notice of Exempt Solicitation with the U.S. Securities and Exchange Commission (SEC), urging shareholders to vote in favor of Proposal Eleven in Meta's 2024 proxy statement. The proposal aims to compel Meta to address hate speech and cyberbullying with greater transparency.