News from 2024
By Business Daily | Aug 19, 2024
McKinsey & Company’s recently released Global Private Markets Review reveals that private markets slowed in 2023. The report points to macroeconomic headwinds, an increase in financing costs, and uncertainty in the growth outlook as contributors, which affects fundraising, deal activity, and performance.
By Business Daily | Aug 19, 2024
Management consulting firm Bain & Company has released its "Searching for Momentum: Private Equity Midyear Report 2024." The report reveals that private equity continued to decline during the first half of 2024, with few signs of momentum.
By Business Daily | Aug 19, 2024
A BNY Mellon white paper explores the retailization of alternatives in major markets. It also highlights possible solutions to allow retail investors to take advantage of alternative investments.
By Business Daily | Aug 19, 2024
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, has opened nominations for the 2025 National Small Business Week (NSBW) Awards. For over 60 years, the SBA has supported small businesses in America, and the annual NSBW awards recognize exemplary achievements, contributions, and resilience of SBA-assisted individuals and businesses that drive the American economy.
By A. D. Bamburg | Aug 19, 2024
Although summer is nearly halfway done, there are still many sultry days ahead for Amazon workers. The company highlighted in a "Working At Amazon" feature how it keeps employees cool using comprehensive planning and mitigation measures.
By E. F. Cullerton | Aug 19, 2024
Clipboard and binder company Carstens devoted much of its business to hospitals for 130 years, but then the Affordable Care Act mandated that the healthcare industry transition to electronic records. Instead of going under, the Chicago-based business turned to Amazon.
By A. A. Sanchez | Aug 19, 2024
Amazon is seeking a solutions architect for its Amazon Web Services (AWS) unit in Cincinnati. In this role, a technologist will partner with global automotive and manufacturing companies to develop cloud architectures that address customer business problems and catalyze the adoption of AWS services.
By R. B. Pepalis | Aug 19, 2024
WASHINGTON, DC (Aug. 19, 2024) – This year’s record-breaking summer travel season concludes with many Americans exploring Alaska by cruise. According to AAA booking data, Seattle is the number one Labor Day weekend destination, up nearly 30% from last year when it also topped the list. Anchorage and Juneau are also among the top ten Labor Day destinations.
By C. D. McHugh | Aug 19, 2024
Amazon is seeking a senior real estate transaction manager for its Worldwide Retail Growth and Development (WWRGD) unit. The position is available in several major U.S. cities, including Chicago.
By Business Daily reports | Aug 16, 2024
Enclave Coworking has announced a free coworking day for locals at their Skokie location.
By Business Daily reports | Aug 16, 2024
The coffee company announced that Brian Niccol will assume the roles of chairman and CEO at Starbucks beginning September 9. In the interim, Rachel Ruggeri will step in as acting CEO. Starbucks also plans to have Mellody Hobson shift from her role as board chair to the lead independent director.
By J. D. Suayan | Aug 15, 2024
The Chicago Football Classic (CFC) hosted a press conference at Amazon's Regional Office to announce its 2024 Scholarship Fund recipients and celebrate the event's 26th anniversary.
By K. R. Nelson | Aug 15, 2024
A report from Amazon announced that over 15,000 independent sellers across Illinois made an average of $250,000 worth of sales annually.
By Business Daily | Aug 15, 2024
NEW DELHI – Today, 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, announced a new memorandum of understanding (MOU) between the SBA and the Republic of India’s Ministry of Micro, Small and Medium Enterprises (MSMEs) to strengthen the two countries’ joint work to promote MSME participation in the global marketplace. The agreement, signed by Administrator Guzman and the Indian Ministry for MSMEs in New Delhi on August 13, is the SBA’s first...
By A. D. Bamburg | Aug 15, 2024
The national average for a gallon of gas has reached $3.44, falling by just a penny since last week. Meanwhile, the national and state averages for Level 2 (L2) commercial electricity have remained unchanged over the past two weeks.
By Business Daily | Aug 15, 2024
Apple Card has been recognized as the Best Co-Branded Credit Card for Customer Satisfaction with No Annual Fee in the J.D. Power 2024 U.S. Credit Card Satisfaction Study.
By Business Daily | Aug 15, 2024
Morgan Stanley today declared a regular dividend on the outstanding shares of several preferred stock issues.
By E. F. Cullerton | Aug 15, 2024
A report from the American Tort Reform Association found that Los Angeles-based personal injury attorney Jacob Emrani spent $13,751,794 on legal services advertisements in California in 2023. He is now facing a lawsuit alleging that he uses "predatory fees" to fund his advertising budget.
By Business Daily | Aug 14, 2024
On August 14, 2024, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, announced that the Biden-Harris Administration has significantly increased SBA lending to Black-owned businesses while also doubling small-dollar lending and lending to Latino- and women-owned small businesses. This announcement coincides with a record 19 million new business applications filed under the current administration.
By R. B. Pepalis | Aug 14, 2024
The American Tort Reform Association (ATRA) announced that California has been placed on its "Heat Watch" list in the latest Legislative HeatCheck report. This designation highlights concerns over a surge of proposed legislation that could significantly increase liability in the state.