New NAPA Auto Parts Branch to Open in Amery
A new branch of National Automotive Parts Association (NAPA) is set to open on Keller Avenue in Amery in the coming months. The building in the 300 block of Keller Ave. N. is currently undergoing renovations to prepare for the new business. Owner Tom Miller faced personal challenges before reaching this point, including a period […]
Buckhannon, West Virginia Welcomes New Business to the Community
A ribbon-cutting ceremony was held in Buckhannon, West Virginia, to welcome a new business to the community. ReNewU Beauty & Wellness aims to provide health and beauty treatments to residents of Upshur County, eliminating the need for them to travel long distances for such services. Co-owners Jason Hosaflook and Jacob Wolfe, who also work at […]
New York Community Bank Shares Plummet After $2.4bn Earnings Hit
New York Community Bancorp (NYCB) experienced a significant drop in its shares after reporting “material weaknesses” in its internal controls and a $2.4 billion hit to earnings. The bank’s CEO, Thomas Cangemi, has stepped down following the announcement. In after-hours trading on Thursday, NYCB’s shares plummeted by 19%, adding to the ongoing decline in its […]
Finance Minister Nirmala Sitharaman clarifies tax devolution process at Express Adda event
During an Express Adda event organized by The Indian Express in Bengaluru, Finance Minister Nirmala Sitharaman clarified that the tax devolution share of states is determined by the Finance Commission and cannot be manipulated by any Finance Minister. She emphasized that the Central government’s role is to comply with the Finance Commission’s directives, which dictate […]
Shiseido Announces New Transformation Plan for Japan Business
Shiseido, a leading Japanese beauty company, has unveiled a new business transformation plan called Mirai Shift Nippon 2025. Led by President and COO Kentaro Fujiwara, the plan aims to review and implement structural reforms for Shiseido’s Japan business. The transformation plan consists of three pillars. Firstly, Shiseido Japan will focus on sustainable growth by concentrating […]
Oprah Winfrey Steps Down from WeightWatchers Board, Disney Heirs Support CEO Bob Iger
Oprah Winfrey has announced her decision to step down from the board of WeightWatchers, a few months after publicly discussing her use of weight loss medication. The media mogul’s departure comes as a surprise to many, as she has been a prominent figure in the company’s promotion and success. However, no specific reasons were given […]
Wisconsin Ranks Last in Business Ownership Among People of Color, UW Study Finds
A recent study conducted by the University of Wisconsin–Extension reveals that Wisconsin ranks last among all 50 states in terms of business ownership rates among people of color. Despite significant growth in the number of businesses owned by people of color since the late 1990s, they remain underrepresented compared to the state’s population demographics. According […]
Bitcoin Mania Driven by Supply Shortage
The recent surge in bitcoin’s popularity can be attributed to a fundamental economic principle: supply and demand. The demand for bitcoin has outpaced its supply, leading to a shortage in the market. This shortage has been fueled by the introduction of several US-listed bitcoin exchange-traded funds (ETFs) approved by the Securities and Exchange Commission in […]
Rising Tide Nears $1bn Valuation with New Share Sale
Tide, the business banking services platform, is on the verge of achieving a $1bn valuation through a forthcoming share sale. The company, founded in 2015 and chaired by Sir Donald Brydon, is reportedly arranging the sale of existing shares at a premium of approximately 30% compared to its most recent funding round in 2021. Sources […]
Government Increases Windfall Tax on Crude Oil, Commercial LPG Cylinder Prices
The Indian government has raised the windfall tax on domestically produced crude oil from Rs 3,300 per tonne to Rs 4,600 per tonne, effective from March 1. The tax, levied as Special Additional Excise Duty, does not apply to petrol and jet fuel. However, the tax on diesel exports has been reduced to nil from […]