Business

Small Business Saturday Economic Impact

Union Square in Hickory NC

How Did “Small Business Saturday” Fare in Small Towns? Amercian Express sponsored this year’s “ Small Business Saturday .” The event has received the largest “awareness campaign” this year. The results? They are just coming in this morning. According to JJ Ramberg, contributing editor for MSNBC, over 108 million people shopped in their local communities on Saturday. However, sales figures have not been disclosed yet. The push has been to support small business in the wake of the changing economy. This shift has put a lot of local companies out of business over the past decade. For example, Barnes and Noble put the small bookstore out of business and then Amazon put Barnes and Noble…

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Black Monday – 30 Years Later, What Have We Learned?

The Stock Market Black Monday

There was one word that best described Oct. 19, 1987: “Panic.” It was real money. It was a real fear. It was real panic. What shocked financial analysts is how it happened. On that autumn morning, stocks were up 15% for the year, and the forecast looked bright. In just one day, the DOW dropped more than 500 points, nearly 23% and global markets followed the crash sending the world into a financial tailspin. There was pushing, shoving, screaming, profane words, rage, and how there wasn’t an all-out brawl is shocking, to say the least. Orders were coming through faster than they could be handled. Phones were ringing off the hook, and…

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Equifax CEO Richard Smith Gets Grilled by Warren

There is a major issue in the way corporations are allowed to do business after a serious breach in security. Equifax positioned themselves to give “free credit monitoring” to those affected by their data breach, but for only one year. Senator Elizabeth Warren pointed out in questioning that if just one million of the seven million people who registered for the free credit monitoring stayed on for just one more year, Equifax would earn over $200 million. LifeLock has seen its paid monitoring soar by 10x since the Equifax breach. And who does LifeLock purchase their credit monitoring services through? Equifax. You can’t make this stuff up.

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Project Manager Roles Most in Demand in IT Sector – IT Alliance

Updated: October 21, 2017 Height Adjustable Desks in the Office The traditional “office desk” as shown in the picture above may be a thing of the past. With the increase in health problems amongst office workers, the stand-up adjustable desk is taking off in popularity and is now even being “prescribed” by some doctors. It is no longer considered a “fad.” Experts seem to disagree on the best advice for height adjustable desks.  However, all experts agree that sitting at a desk for more than six hours a day is slowly killing you. That is not a very pleasant thought. Along with the changes in office furniture, growth in cloud computing is fuelling demand for all…

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Charlotte Business Leaders Fail to Save NBA All-Star Game

Unless you’ve been hiding out under a rock, you’ve heard about the controversial House Bill 2 in North Carolina, famously referred to “The Bathroom Bill” which has led to boycotts from entertainers and corporations, however, none with a bigger sting than the 2017 NBA All-Star Game which was scheduled to be played in Charlotte and bring in a projection $100 million in revenue. It was pulled by the NBA due to anti-LGBT discrimination. However, HB2 was not about bathroom use, that is what Governor Pat McCrory used as a smoke screen to get put into law that you could no longer sue your employer over a firing due to discrimination.…

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Amgen Opens US$300M Manufacturing Facility Dun Laoghaire

Biotech company Amgen’s US$300m state-of-art manufacturing facility in Dun Laoghaire was officially opened this morning. The development project included the construction of an 11,500 sqm production plant known as production module 3 (PM3), a new 5,800 sqm cold-chain warehouse and significant refurbishment of the other buildings that were already on site. Amgen said its new syringe filling facility adds to the capabilities that already exist at the site and positions the Dublin plant as a critical location within the global organization. Work on the project, which was supported by the Department of Jobs through IDA Ireland, began in November 2011 and created over 500 construction jobs. The site was previously owned…

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Aldi opens new store in Kenmare creating 20 jobs

Discount supermarket brand Aldi has opened its seventh store in Co Kerry, in Kenmare, which will create 20 new jobs. To mark the opening Aldi provided breakfast samples and family entertainment and Radio Kerry broadcasted live from the site. Five shoppers won €100 Aldi vouchers each. This brings the total number of Aldi stores in Ireland to 116, with the first having opened in 1999. Since 2008 Aldi has almost doubled the number of Irish suppliers it works with and more than 50pc of Aldi’s supplier spend is now with Irish suppliers, producers and manufacturers. Sorcha Corcoran

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Bad debt judgments awarded by courts in first half of 2015 up 32pc to €220m

The total value of judgments awarded by the courts in the first half of 2015 for bad debts amounted to just over €220m, up 32pc on the same period last year, according to figures released today by Vision-net.ie. The average value of judgments during the period was €95,333, up 27pc on the same period in 2014 (€74,818). Some 1,692 judgments were awarded against consumers in the first half of the year, up 6pc on the same period in 2014. Consumer judgments during the first half had a total value of €202. 8m, 41pc more than in H1 2014. The average value of consumer judgments during the first six months of…

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Shared services centres in Ireland on course for significant expansion in Ireland – survey

Shared services centres (SSCs) are on a clear expansion path in Ireland and are set to create more jobs, according to a survey that was carried out jointly by PwC and the ACCA (the Association of Chartered Certified Accountants). However, there is room for improvement in how they operate and also in their use of technology. The findings highlighted that SSCs are becoming more popular in Ireland as multiple delivery centres, particularly for multinational companies looking to centralise not only cross-border functions such as accounting and HR, but also areas such as treasury, payroll, supply chain management, procurement and tax. “With a highly talented workforce and competitive tax regime, the…

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Positive sentiment in house building despite commencement drop of 51pc – index

The number of housing projects started in the first four months of 2015 have dropped by 51pc to 1,698 compared to the same period last year, while planning applications have gone up by 18pc to 4,602 nationally year on year, according to the National Housing Construction Index published by Linked2Plans. Danny O’Shea, managing director of Link2Plans, said this continued a trend from the start of this year. “Link2Plans considers the first half of 2014 to be very much an outlier in terms of construction activity on account of the structural changes in the market, which saw the introduction of new buildings regulations on 1st March 2014. “These one off changes…

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