Business Daily News
By Business Daily | Sep 13, 2024
On September 9, Brian Niccol officially assumed the role of CEO at Starbucks. His appointment marks a pivotal shift in leadership as Starbucks grapples with significant brand identity issues and a downturn in sales.
By Business Daily | Sep 13, 2024
Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, convened a hearing with federal leaders and small business owners. The focus was on enhancing small businesses' ability to compete for federal contracts, particularly regarding the impact of joint ventures (JV) on small business participation in Multiple Award Task Order Contracts (MATOCs).
By Business Daily | Sep 13, 2024
Valuation in private equity and private credit remains a complex and contentious issue, with growing scrutiny from regulatory authorities who have identified areas where valuation methodologies need improvement to ensure accuracy and transparency. Austin Brady, a product lead at Waystone, said the firm’s practices in their valuation model include several steps to ensure “valuations are accurate and reflective of real market conditions.”
By Business Daily | Sep 12, 2024
Sedgwick, a global provider of claims management and technology-enabled business solutions, announced a strategic investment from Altas Partners, a North American private equity firm. Existing investors, including Carlyle and Stone Point Capital LLC, will continue their investments in Sedgwick, with Carlyle maintaining its control position.
By Business Daily | Sep 11, 2024
The U.S. Small Business Administration (SBA) announced today that the Delaware Small Business Development Center (SBDC) has been awarded a $350,000 prize to develop and implement a national Cyber Certification Program for SBA resource partners. The initiative will leverage industry best practices to offer cybersecurity tools and training to small businesses through a hybrid course curriculum that includes webinars, workshops, knowledge-based assessments, certification requirements, and ongoing continuing education tracking key performance indicators over two years.
By Business Daily | Sep 10, 2024
BlockApps has announced data and trends on the Fractionalized Whiskey investment model, which utilizes blockchain technology for fractional ownership. The update highlights how this new model leverages tokenization to enhance accessibility.
By Business Daily | Sep 10, 2024
Administrator Guzman Opens Application Window for Lenders Filling Gaps in Credit Markets
By Business Daily | Sep 9, 2024
Global investment firm Carlyle (NASDAQ: CG) announced the appointment of Anuj Poddar to the newly created role of Co-Head of Global Portfolio Solutions (GPS) for Asia, focusing on India and Southeast Asia. The announcement was made on September 9, 2024.
By Business Daily | Sep 9, 2024
Residents from Texas to the Florida Panhandle should prepare for the potential impacts of Tropical Storm Francine, which is forecast to make landfall along the Northern Gulf Coast on Wednesday, Sept. 11, as a hurricane, according to the Insurance Information Institute (Triple-I).
By Business Daily | Sep 5, 2024
Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, along with Federal Trade Commission Chair Lina Khan, will participate in a fireside chat on Thursday, Sept. 12 at 1:30 ET. The discussion will focus on Administration initiatives aimed at promoting small business competitiveness through regulatory change and enforcement.
By Business Daily | Sep 4, 2024
On August 26 and 27, Deputy Administrator Dilawar Syed of the U.S. Small Business Administration (SBA) visited Alaska to engage with businesses benefiting from the Biden-Harris Administration’s Investing In America agenda, including entrepreneurs from underserved communities.
By Business Daily | Sep 3, 2024
Artificial Intelligence (AI) promises to revolutionize how property and casualty (P&C) business gets done. As a result, P&C insurers are uniquely positioned to advance the conversation for ethical AI – not just for their own businesses, but for all businesses. How they might help establish cross-industry regulatory and technology best practices is the topic of a new report for insurers, "Pioneering Ethical AI: The Crucial Role of Property and Casualty Insurers," by the Insurance Information Institute (Triple-I), an affiliate of The Institutes, and data and AI leader SAS.
By Business Daily | Sep 3, 2024
E*TRADE from Morgan Stanley today released data from its monthly sector rotation study, based on the E*TRADE customer notional net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors.
By Business Daily | Sep 3, 2024
The U.S. Small Business Administration (SBA) has announced that the upcoming quarterly public meetings for the Interagency Task Force (IATF) on Veterans Small Business Development and the Advisory Committee on Veterans Business Affairs (ACVBA) will be held on Sept. 10 and 12, respectively.
By Business Daily | Aug 28, 2024
The Federal Reserve has revised the stress capital buffer requirement for Goldman Sachs, lowering it to 6.2%.
By Business Daily | Aug 27, 2024
New outdoor luxury brand LETO will mark the end of the summer vacation season with an exclusive 30% off sale on its website through Labor Day.
By Business Daily | Aug 27, 2024
On August 27, 2024, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, announced more than $1 million in grant awards to three organizations in Ohio, Pennsylvania, and Puerto Rico. These grants aim to establish new Veterans Business Outreach Centers (VBOCs) to enhance training and counseling services for veteran and military spouse small business owners. The new centers will commence their project periods on September 1.
By Business Daily | Aug 26, 2024
DES MOINES, Iowa – On Friday, August 23, 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 34 million small businesses, traveled to Iowa to meet with disaster survivors and assess SBA recovery efforts following devastating tornadoes and severe weather earlier this year.
By Business Daily | Aug 22, 2024
Tom Biland, President and COO at Flying Food Group, said that effective training for their employees fosters a strong safety culture. He shared these details in an interview with Business Daily on July 29.
By Business Daily | Aug 22, 2024
Advance Auto Parts Announces Sale of Worldpac to Carlyle for $1.5 Billion