business

American Industrial Partners to Acquire PPG’s Architectural Coatings Business

On Oct. 17, American Industrial Partners announced its definitive agreement to acquire PPG’s U.S. and Canadian architectural coatings business, which generated $2 billion in 2023 revenue.




business

Graybar Targets Ways to Make Business Strong and Sustainable

At Graybar, sustainability is an expression of the company’s core values and its long-term view. The company’s sustainability plan includes acting as a responsible steward of its resources, reducing its impact on the environment, and providing sustainable solutions in the marketplace.




business

Retailer improves business operations by integrating Shopify, POS and SYSPRO

Codeless Platforms has revealed that Meridian Farm Market, a Canadian-based retailer of meat and farm produce, has automated its sales orders and data transfers between SYSPRO, Shopify and its POS system using BPA Platform.




business

Mastercard launches Biz360 to support small business operations

Mastercard has introduced Biz360, a digital platform...




business

One way businesses are avoiding health care coverage for employees

Business Update with Mark Lacter

Businesses are cutting back on hours to avoid having to provide health care coverage under the new Affordable Care Act.

Steve Julian: Business analyst Mark Lacter, who's affected here?

Mark Lacter: Thirty hours a week is the magic number for workers to be considered full time under the new law.  If a business has 50 or more full-time employees, health care coverage has to be provided.  Except that a lot business owners say that the additional cost is going to be a financial killer, so instead, some of them have been cutting back hours to below that 30-hour threshold.  More than 200,000 Californians are at risk of losing hours from the health care law - that according to one study.

Julian: What kinds of businesses are doing this?

Lacter: Restaurant chains have received much of the attention, but the city of Long Beach, as an example, is going to reduce hours for a couple of hundred of its workers.  And, last week came word that the L.A.-based clothing chain Forever 21 will cut some of its full-time employees to a maximum 29-and-a-half hours a week, and classify them as part time.  That touched off an outcry on the Internet - people were saying that Forever 21 was being unfair and greedy - though the company says that only a small number of employees are affected, and that its decision has nothing to do with the Affordable Care Act.  There's really no way to know - Forever 21 is a private company, which means it's not obligated to disclose a whole lot.  What we do know is that those people will be losing their health care coverage.

Julian: And, the ultimate impact on businesses and workers?

Lacter: Steve, you're looking at several years before the picture becomes clear.  Here in California, workers not eligible for health care through their employer can get their own individual coverage, and if their income levels are not over a certain amount, they'd be eligible for Medicaid.  And, let's not forget many businesses already provide coverage for their employees.  So, lots of rhetoric - but, not many conclusions to draw from, which does make you wonder why so many business owners are unwilling to at least give this thing a chance.  Just doesn't seem to be much generosity of spirit for their workers, not to mention any recognition that if people can go to a doctor instead of an emergency room we'd probably all be better off.

Julian: Health care is far from the only controversy for Forever 21, true?

Lacter: In some ways, it's one of the biggest Southern California success stories.  Don Chang emigrated here in 1981 from Korea at the age of 18, opened his first store in Highland Park three years later (it was called Fashion 21), and he never looked back.  Today, revenues are approaching $4 billion.  But, the guy must have some pretty hefty legal bills because his company has been accused of all kinds of workplace violations.  The lawsuits alleged that workers preparing items for the Forever 21 stores didn't receive overtime, that they didn't get required work breaks, that they received substandard wages, and that they worked in dirty and unsafe conditions - sweatshop conditions, essentially.

Julian: Are most of their claims settled out of court?  You don't hear much about them.

Lacter: They are, which means there's usually a minimal amount of media coverage.  If a privately held company decides to keep quiet by not releasing financial results or other operational information, there's not likely to be much of a story - unlike what happens with a company like Apple, which is always under scrutiny.  Sometimes, plaintiffs will try to organize class-action suits, but that's extremely tough when you're dealing with low-wage workers who are often very reluctant to get involved because of their legal status.  And, let's not forget that Forever 21 - like any low-cost retailer - is simply catering to the demand for cheap, stylish clothes that are made as quickly as possible.

Julian: I guess you can't make that happen when wages and benefits are appreciably higher than your competition.

Lacter: The next time you walk into a Forever 21 store and wonder how prices can be so reasonable, that's how.

Mark Lacter writes for Los Angeles Magazine and pens the business blog at LA Observed.com.

This content is from Southern California Public Radio. View the original story at SCPR.org.




business

The business climate in Los Angeles

Business Update with Mark Lacter

We've been reporting on the city of Los Angeles approving major developments without seismic studies attached.

Steve Julian: Business analyst Mark Lacter, why is this?

Mark Lacter: Steve, this is a real gotcha moment for the L.A. Planning Department, the City Council, and everyone else at City Hall who signed off on these projects.  The latest revelation, which was reported by the L.A. Times, shows that a planned 39-story residential tower in Century City is just 300 feet from the active Santa Monica fault.  And, we're only learning about this because the Metropolitan Transportation Authority did its own seismic testing near the site when it was looking for potential subway stops, and officials decided that it was too close to the fault.  This also comes after three large-scale projects in Hollywood were found to be located quite close to the active Hollywood fault.

Julian: The concern is that if any faults were to rupture, the foundation of a building could be split apart.

Lacter: Kind of an inconvenient truth both for the developers, who have millions of dollars riding on these projects, and for L.A. city officials who are betting on a future that will include many more high rises.  And, we should note that more than two-dozen high rises are either in the process of going up, or are at least on the drawing board.  In case you're wondering why there aren't regulations that monitor this sort of thing, the answer is that there are regulations.  California has a law that requires state geologists to map active earthquake faults, and then set zones on either side of the fault line.

Julian: Has the state done this?

Lacter: The state says it hasn't had the time nor the money to map areas within the city of L.A., though the faults have been known to be in the general vicinity of these projects - and so, you'd think the city would want them tested extensively.  Of course, that would mean more delays, which the developers wouldn't be happy with.

Julian: Of course, seismic studies are not always definitive.

Lacter: They're not - and it's possible that different geologists would come up with different findings.  But so far, most of the information seems to be coming from the developers, and you have to wonder whether it's a great idea to rely on folks who have a financial interest in a project to tell us what's safe and what isn't.  Probably not.

Julian: Your article in the new issue of Los Angeles Magazine raises a broader point about the city's business climate.

Lacter: Steve, for many years, L.A. has been branded as a terrible place to do business because of government interference, but that's largely a myth.  If anything, city officials have been too accommodating.  Frankly, the anti-business rap never made much sense when you consider the thousands of companies that start up here each year.  A study by the accounting firm PricewaterhouseCoopers ranks L.A. particularly high when it comes to ease of doing business, which runs counter to the conventional wisdom.

Julian: You're not saying it's truly easy, are you?

Lacter: Easy, no.  There certainly are plenty of reasons for business owners to pull out their hair.  And those hassles, along with an unemployment rate that remains quite high, has given developers and others the leverage to ask for various giveaways.  All they have to do is say that their projects will generate more jobs, and city officials tend to respond favorably - no matter how questionable those proposals might be.  And, by the way, job creation doesn't always determine economic growth, certainly not in the short term.

Julian: We all remember during the mayoral campaign, candidates were talking about how their policies would lead to lower unemployment...

Lacter: ...right, almost like they could pick up jobs at Ralphs.  Well, it doesn't work that way.  Thing is, the city of L.A. doesn't need to cut so many deals - the local economy is rich enough and broad enough to keep prospering.  Which is why city officials would be much better off laying off the incentives, and focusing on the basics - public safety, transportation, the parks, and libraries.  Do that right, and the business climate will take care of itself.

Mark Lacter writes for Los Angeles Magazine and pens the business blog at LA Observed.com.

This content is from Southern California Public Radio. View the original story at SCPR.org.




business

Minecraft's business model is 'leave users alone' — will it be Microsoft's?

Will Davidson and his Minecraft creation, modeled off the Santa Cruz Mission; Credit: Steve Henn

Minecraft is a deceptively simple video game. You're dropped into a virtual world, and you get to build things. It's like a digital Lego set, but with infinite pieces.

Its simplicity makes it a big hit with kids, like 10-year old Will Davidson. Last year, Will built a Spanish mission for a school report. He modeled his off the Santa Cruz Mission. "I made a chapel over here," Davidson says. "I also have a bell tower."

After he turned in his report, he added a few things. Like skeleton archers. "And zombies ... and exploding things, and spiders, that try to kill you," he said.

Minecraft is popular with kids because they're free to create almost anything, says Ramin Shokrizade, a game designer.

Also, kids aren't manipulated into clicking buttons to buy add-ons within the game. In other games, designers give players a special power for free at first, then take it away and offer it back at a price.

Zynga, the creator of Farmville, calls this fun pain, according to Shokrizade. "That's the idea that, if you make the consumer uncomfortable enough, and then tell them that for money we'll make you less uncomfortable, then [they] will give us money," he says.

Kids, Shokrizade says, are especially susceptible to this — and Minecraft has a loyal following, in part, because it doesn't do it.

Susan Linn, from the Campaign for a Commercial-Free Childhood, agrees. She says a big reason she likes Minecraft is because after you purchase the game upfront, that's it.

"Parents don't have to worry that their kids are going to be targeted for more marketing," Linn says. "How forward-thinking!"

But Linn is worried. Microsoft bought Mojang, the company that created Minecraft, on Monday for $2.5 billion, and she says that any time a large company spends billions to acquire a smaller company, executives are bound start looking for new ways to get even more money out of it.

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

 




business

How a plumbing and HVAC business went from near-bankrupt to profitable

At ServiceOne Air Conditioning & Plumbing, we transitioned from traditional marketing to digital strategies during an economic downturn. Recognizing the need for better visibility and growth, I sought a marketing partner to help elevate our business. This shift transformed us from at-risk to successful, resulting in more leads and higher revenue.





business

Remember that you’re in the people business

 At a recent seminar, three contractors invited me to have lunch. Two of them had used my consulting services more than 10 years ago and they were trying to convince the third to call me.  




business

Managing OSH Risk and Business Polarities

A key issues roundtable discussion Monday afternoon will address how to manage OSH risk and business polarities when there are competing priorities. Too often high visibility incidents cause organizations to switch into “fire-fighting” mode rather than executing their strategy.




business

Preventing falls is big business

At the Safety 2016 expo it's clear OSHA's emphasis on preventing serious fall injuries and fatalities has caught the attention of PPE and facility safety vendors.




business

Record Attendance Expected at the NationaLease Spring Business Meeting

Meeting will be held in Naples, FL, March 12-13, 2013.




business

Dayana Custer, MBA, Demonstrates Distinction in Business Development

Dayana Custer, MBA, serves as the division director at BAYADA Home Health Care




business

AI Guidelines for Businesses: Using AI in Your Own Company

Artificial intelligence (AI) is one?if not the?key technology of our decade. Technological advances in this field are not only fundamentally changing our economies, industries and markets, but are also exerting enormous influence on traditional business practices, many of which will disappear, while others will be transformed or completely reinvented.




business

Australia – China Business Council to move to Melbourne

Australia’s premier business organisation dedicated to promoting investment and trade with China will be the first bilateral business chamber to be part of the Victorian Coalition Government’s new International Chamber House (ICH). The Australia China Business Council (ACBC) will move its head office from Sydney to Melbourne to be part of ICH, which is set to open later this year in Melbourne’s city centre.




business

Ballarat West Employment Zone opens for business interest

The expression of interest for the Ballarat West Employment Zone (BWEZ) has officially opened. BWEZ is the Ballarat region’s engine room for jobs and economic growth over the next 20 years. Located just over an hour north-west from the Melbourne city centre, Ballarat has fantastic connections to road, rail, ports and airports and the region is home to a large, skilled and stable workforce. With an increasing population of 100,000, Ballarat is one of the largest inland cities in Australia and serves as a key access point to the other regional centres in Northern and Western Victoria.




business

saveONenergy's Retrofit Program Launches Updates to Help Businesses Cut Costs

The Ontario Power Authority (OPA) has announced updates to the saveONenergy Retrofit Program that provide additional financial incentives for Ontario businesses to reduce energy used by lighting, HVAC systems, refrigeration systems, and building plug loads.




business

Charting Your Sales & Use Tax Business Model

The sales tax landscape has dramatically changed since the Supreme Court overturned Quill in June 2018. Almost all states have responded by updating their remote seller nexus rules over the past year. With these changes, comes an opportunity to support clients that need help navigating these changes. Many firms are expanding their sales and use tax services, but like most other practice areas, developing a business model and plan is critical for success.

Join us for a webinar as we explore different business models that firms have established to provide sales and use tax services. We will take a look at the types of services firms are offering to help clients comply with changing sales and use tax laws. During the webinar we will discuss how to:

  • Identify a business model that works best for your firm
  • Determine the services your firm can offer
  • Find opportunities for internal firm collaboration
  • Leverage automation to provide services

This on-demand webinar does not offer CPE credit.

View Webinar
Show Secondary Body: 
1
1. Pardot Form URL: 
https://marketing.cpa.com/l/701003/2019-07-11/6gyx
2. Pardot Form Handler URL: 
https://marketing.cpa.com/l/701003/2019-07-19/9ghv
3. Pardot URL Parameters: 
?Latest_Download=https://www.cpa.com/1990632&Campaign_URL=https://marketing.cpa.com/l/701003/2019-07-19/9ghv&Lead_WebForm_Source=Vertex&Record_Type_ID=FS Sales&Send_Email=true&Dont_Route_to_Sales=FALSE









business

Retailer improves business operations by integrating Shopify, POS and SYSPRO

Codeless Platforms has revealed that Meridian Farm Market, a Canadian-based retailer of meat and farm produce, has automated its sales orders and data transfers between SYSPRO, Shopify and its POS system using BPA Platform.




business

A deep dive into virtual data rooms: Invaluable assets for business efficiency and security

By Aaron Stillman, Head of Product Marketing at Tresorit.

Research shows that 81 per cent of UK businesses handle digitised personal data, digitised non-personal data, or both, making secure and efficient data management crucial, particularly when critical transactions and confidential processes are at play. This is where virtual data rooms (VDRs) become invaluable.




business

i diversi tipi di business model




business

I 12 tipi di business model





business

Malaysia Says It Got Bangladesh Request to Arrest Businessmen




business

All-New 2026 Honda Passport Revealed, and It Means Business

The Honda Passport was always the most rugged Honda SUV sold in the United States, with more of an off-roading edge than the Pilot and more capability than the CR-V. However, the new 2026 Honda Passport is more capable off the pavement than ever before, making it the most rugged SUV to ever wear…




business

Vivo Y300 5G launching in India on Nov 21 with AI features: Expected specs - Business Standard

  1. Vivo Y300 5G launching in India on Nov 21 with AI features: Expected specs  Business Standard
  2. Vivo Y300 5G confirmed to launch in India soon, rear design teased  Moneycontrol
  3. Vivo introduces Suhana Khan as the new face for its Y series  ETBrandEquity
  4. Suhana Khan becomes the face of Vivo’s Y-Series smartphones  afaqs!
  5. Vivo Y300 confirmed to launch in India on November 21: From price to specs, all you need to know  India Today




business

Ottawa businesses worry about potential postal disruption

Businesses in Ottawa are bracing for the prospect of a postal strike or lockout on the eve of the holiday shopping season.



  • News/Canada/Ottawa

business

News24 Business | Treasury proposes minimum alcohol price, changes to excise rules

Treasury has proposed the implementation of a floor price below which alcoholic beverages cannot be sold.




business

News24 Business | Carbon tax: Eskom to receive 'price neutrality' in phase 2

Treasury has published a discussion document on phase 2 of the carbon tax, which kicks in 1 January 2026




business

News24 Business | Bitcoin hits $91 000 for first time on Trump support

Bitcoin reached a record high above $91 000 Wednesday as the world's biggest cryptocurrency benefits from president-elect Donald Trump's pledge to ease regulation around digital tokens.




business

What 23andMe business troubles could mean for users' genetic data

The company is laying off 40% of its workforce and discontinuing its therapeutics division.




business

News24 Business | Telkom wins order to raid company it says used stolen data to 'poach' clients

A source says over 1 300 customers have been lured away using data allegedly harvested by a franchise employee.




business

News24 Business | Blockbuster game boosts Tencent's profit

Tencent's revenue rose 8% after the summer release of Dungeon & Fighter Mobile helped China's most valuable company resist a severe economic downturn.




business

News24 Business | SA data centre giant taps Absa for R8bn loan to build AI-ready facility

Teraco Data Environments hired Absa to syndicate an R8 billion loan as the company gears up for a new facility to meet rising demand from artificial intelligence applications.




business

News24 Business | Prosus unlocks R36bn through Swiggy's India IPO, eyes PayU in 2025

Prosus, the consumer internet behemoth and Naspers subsidiary, says it unlocked $2 billion (about R36 billion) in value after the listing of Indian food delivery giant Swiggy on Wednesday.




business

News24 Business | TFG's Bash buys Zando online domain

TFG's Bash platform, which is set to break even or be profitable two years earlier than forecast, has bought the South African domain name of the now-defunct online fashion retailer Zando.




business

News24 Business | Virgin Active owner Brait gets investee boost, but NAV halves after hefty shareholder lift

Investment holding company Brait reported a boost from its underlying portfolio on Wednesday, including a 6% rise in Virgin Active membership.




business

News24 Business | Mall owner frets about fire risk, insurance amid Joburg water crisis

While SA's commercial property prospects are improving along with renewed interest from investors, Dipula Income Fund says Johannesburg's water crisis is a significant concern for landlords, carrying serious ramifications for fire protection and insurance.




business

News24 Business | Suspended Lotteries company secretary loses again in court

Nompumelo Nene is facing disciplinary proceedings and has launched several applications in an attempt to stop them.




business

News24 Business | Emira still avoiding new SA deals as it eyes massive Polish payday

Emira Property Fund's partnership with Poland-focused DL Invest Group includes redemption clauses that could yield it up to R4.2 billion in five years, more than 70% of Emira's current market value on the JSE.




business

News24 Business | Business brief | Southern Sun sees earnings rise; China boosts its property market

An overview of the biggest business developments in SA and beyond.




business

News24 Business | Union says ArcelorMittal strike to start on Thursday, picket planned for Vanderbijlpark

South Africa's metalworkers' union said it will go on strike at ArcelorMittal South Africa Ltd on Thursday to protest job cuts that have impacted 107 workers.




business

News24 Business | Brait eyes riding off into the sunset by end 2027 as it guns for New Look, Virgin Active sales

Brait is looking to sell UK fashion retailer New Look between October 2025 and March 2026 with a Virgin Active sale or initial public offering (IPO) targeted a year later, after which the rest of its operations will be wound down.




business

News24 Business | Postbank turns the tide: Profits rise, fraud down as cleanup pays off

Postbank has said that it has reached a profit in the first two quarters of the financial year, with reported cases of fraud down 80% year-on-year.




business

The Internet Thinks Ameesha Patel Is Dating Businessman Nirvaan Birla: "Lovely Evening With My Darling"

Ameesha addressed Nirvaan as "darling" in the caption