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Top officials and business leaders discuss a possible ‘reset’ for the global economy

top officials and business leaders discuss a possible ‘reset’ for the global economy

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The coronavirus pandemic has disrupted the global economy and put millions of jobs on the line in the process. With that in mind, some of world’s top economic officials and business leaders are debating how to recover from the crisis in a way that looks beyond mainstream financial metrics like GDP.Hear from European Commissioner for the Economy Paolo Gentiloni, OECD Secretary-General Angel Gurria, World Economic Forum Managing Director Saadia Zahidi, Unilever CEO Alan Jope and Manpower CEO Jonas Prising on how they’re thinking about an economic “reset,” in a WEF panel hosted by CNBC anchor Steve Sedgwick.Subscribe to CNBC on YouTube. 

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Justice Department files long-awaited antitrust suit against Google

justice department files long-awaited antitrust suit against google

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Sources tell FOX Business’ Charlie Gasparino that big tech is bracing for antitrust enforcement action if Democrats win the White Hose and take the Senate. The Justice Department filed an antitrust lawsuit Tuesday alleging that Google engaged in anticompetitive conduct to preserve monopolies in search and search advertising that form the cornerstones of its vast conglomerate.Continue Reading BelowThe long-anticipated case, filed in a Washington, D.C., federal court, marks the most aggressive U.S. legal challenge to a company’s dominance in the tech sector in more than two decades, with the potential to shake up Silicon Valley and beyond. Once a public darling, Google attracted considerable scrutiny over the past decade as it gained power but has avoided a true showdown with the government until now.The department alleged that Google, a unit of Alphabet Inc., is maintaining its status as gatekeeper to the internet through an unlawful web of exclusionary and interlocking business agreements that shut out competitors. The government alleged that Google uses billions of dollars collected from advertisements on its platform to pay mobile-phone manufacturers, carriers and browsers, like Apple Inc.’s Safari, to maintain Google as their preset, default search engine.TickerSecurityLastChangeChange %GOOGLALPHABET INC.1,537.28+7.33+0.48%The …

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Black Mesa Winery In Velarde Honored With 2020 SBA Home-Based Business Of The Year Award

black mesa winery in velarde honored with 2020 sba home-based business of the year award

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Jerry and Lynda Burd of Black Mesa Winery with their Small Business Administration award. Courtesy photo

Honoring Black Mesa Winery are from left, owners Jerry Burd and Lynda Burd, winery account Antoinette Martinez, Karen Easton, branch manager of Century Bank Los Alamos, Justin Crossie, Small Business Administration regional administrator, Patrick Metzger, Century Bank universal banker and Espanola Mayor Javier Sanchez. Courtesy photo

SBDC NEWSPrior to COVID-19, Black Mesa Winery located in Velarde had customers visiting the Tasting Room from across the United States, Canada, Europe and Asia. The biggest share came from New Mexico, with Colorado, Texas and Arizona coming next.  They were shipping wine to 20 states.  Black Mesa Winery Wine Club consists of 400 members one of the largest in the state, with more than half of the members living outside of New Mexico.

Owners Jerry and Lynda Burd were recently awarded the Small Business Administration Home-Based business of the year award. They had lots to celebrate but the celebration came to a halt as coronavirus quickly took the world by surprise.  Change happened and Black Mesa Winery changed as well and is focusing on moving forward.  Today Black Mesa Winery is shipping to 40 states, they have innovative virtual events …

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Soleadify secures seed funding for database what tracks 40M business using machine learning

soleadify secures seed funding for database what tracks 40m business using machine learning

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Usually, databases about companies have to be painstakingly updated by humans. Soleadify is a startup that uses machine learning to create profiles for businesses in any industry. The first of the company’s products is a business search engine that keeps over 40 million business profiles updated, currently used by hundreds of companies in the USA, Europe and Asia for sales and marketing activities.
It’s now secured $1.5M in seed round funding from European venture firms GapMinder Venture Partners and DayOne Capital, as well as several prominent business angels, through Seedblink, an equity crowdfunding platform based out of Bucharest Romania.
The company plans to use the funds to further improve their technology, build partnerships and expand their marketing capabilities.
On top of Soleadify’s data, they build solutions for prospecting, market research, customer segmentation and industry monitoring.
The way it’s done is by frequently scanning billions of webpages, identifying and classifying relevant data points and creating connections between them. The result is a database of business data, that is normally only available through laborious, manual research.

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Local entrepreneur ramps up seasoning business

local entrepreneur ramps up seasoning business

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A local entrepreneur’s seasoning recipes are starting to appear more in local grocery stores. Louis Hughes, owner of Maggie’s Seasoning, is beginning to ramp up his production efforts after seeing his seasoning flying off the shelves.Hughes used to own Maggie’s Restaurant in Stewartsville, Missouri, which is where his famous grandpa’s potatoes with his Irish seasoning became popular.“I made them and they were a huge hit, so that was one item that grew into fame,” Hughes said.

Soon after, Hughes wanted to find a way to put his Irish potato seasoning on the market.“Then it was getting the capital to actually do the project and, lo and behold, that wasn’t so easy,” Hughes said.Hughes tried his seasoning out in about 20 different Sam’s Club locations at first to see how it would go over.“It sold but then when it comes to the hundreds of thousands of dollars of capital to ramp up, how do you do that?” Hughes said.Hughes said recently it has been more difficult as an entrepreneur because he does everything himself and it can be hard to keep it all contained.

“I’m on the entry-level but …

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Struggling Small Businesses Hoping to Get Help From 2nd Stimulus Bill

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HILLSBOROUGH COUNTY, Fla. — As Americans wait for a second stimulus bill to pass, small businesses are still struggling.One dry cleaner in Town N’ Country said with so many people out of work, or working from home, his business was hit even harder and now he’s hoping lawmakers can help.
“We need offices, and people, to go back to work because that’s what my business thrives off of, and if people stay home, they don’t need my services,” said Leo Reina, owner of Star Cleaners.
Reina owns two Star Cleaner locations — one in Clearwater and one in Tampa. He said business is still down about 60% and he was forced to lay off all of his employees, leaving just him and his wife to run both locations.
Reina said he was hopeful when he heard lawmakers talking about a second stimulus bill for businesses, especially since his business was deemed too small for the first round of PPP. Now he has a message for lawmakers.
“Mainly to focus more on small businesses like myself that don’t have a lot of employees. I’m hoping we don’t have another closure, and if we do have another stimulus PPP funding, that it does …

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Citing boom in business, Turner Pest Control holding job fair today

citing boom in business, turner pest control holding job fair today

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While the Covid-19 pandemic has forced many businesses to scale back, business is booming for pest control companies. Locally, Turner Pest Control has seen so much growth in the past several months, it’s holding a job fair Tuesday, October 20th. Kelly Bricko is the company’s director of human resources.

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Citing boom in business, Turner Pest Control holding job fair Tuesday

citing boom in business, turner pest control holding job fair tuesday

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JACKSONVILLE, Fla. – While the COVID-19 pandemic has forced many businesses to scale back, business is booming for pest control companies. Locally, Turner Pest Control has seen so much growth in the past several months, it’s holding a job fair Tuesday, Oct. 20. Kelly Bricko is the company’s director of human resources.“As our call volume increased, we had more service calls that were going out, and signing up new folks for business as well,” Bricko said.Bricko says with more people staying at home because of the COVID-19 pandemic, they’re noticing more pest problems. That’s why the phones are ringing more.“COVID actually had a little bit of a reverse effect, we got busier,” Bricko said. “As we got busier, we needed more people to kind of help us with that.”Bricko says technician positions are needed the most, but internal positions are also available, including sales. Beyond the typical calls about ants, termites and mosquitoes, Bricko says Turner Pest Control is branching out.“We also entered into an new service line during COVID-19,” Bricko said. “We opened up a disinfectant service.”Turner now offers disinfection service for homes and businesses, including restaurants and health care facilities. …

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Tom York on Business: CEO of Solana Beach’s Flock Freight Honored as Top Entrepreneur – Times of San Diego

tom york on business: ceo of solana beach’s flock freight honored as top entrepreneur – times of san diego

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Share This Article: A big rig on the highway with a freight shipment. Image by Jeff Chabot from PixabayBy Tom York
Professional services giant Ernest & Young has selected Oren Zaslansky, CEO of Solana Beach-based Flock Freight, as its Entrepreneur of The Year 2020 for the San Diego and the Pacific Southwest areas.Support Times of San Diego’s growthwith a small monthly contribution

Trucking industry veteran Zaslansky launched Flock Freight in 2015 after he saw inefficiencies within the industry. He pulled together a team of engineers and mathematicians to create an algorithm that allows for multiple less-than-truckload shipments into a shared shipment. According to a news release, Flock Freight has handled more than 12,000 shipments—a 296% increase in 2019 over 2018.
EY’s annual awards program is one of the most competitive for entrepreneurs in high-growth industries. EY said an independent panel of judges determined the winners based on various factors, including financial performance, impact on society, innovation and talent management.
Earlier this year, Zaslansky said Flock Freight was the first freight startup to earn B Corporation certification because of its socially conscious approach to doing business. The certification is awarded by the nonprofit B Labs.
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San Diego law firm Procopio has launched an Insurance Recovery …

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Intel agrees to sell its NAND business to SK Hynix for $9 billion

intel agrees to sell its nand business to sk hynix for $9 billion

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SK Hynix, one of the world’s largest chip makers, announced today it will pay $9 billion for Intel’s flash memory business. Intel said it will use proceeds from the deal to focus on artificial intelligence, 5G and edge computing.
“For Intel, this transaction will allow us to to further prioritize our investments in differentiated technology where we can play a bigger role in the success of our customers and deliver attractive returns to our stockholders,” said Intel chief executive officer Bob Swan in the announcement.
The Wall Street Journal first reported earlier this week that the two companies were nearing an agreement, which will turn SK Hynix into one of the world’s largest NAND memory makers, second only to Samsung Electronics.
The deal with SK Hynix is the latest one Intel has made so it can double down on developing technology for 5G network infrastructure. Last year, Intel sold the majority of its modem business to Apple for about $1 billion, with Swan saying that the time that the deal would allow Intel to “[put] our full effort into 5G where it most closely aligns with the needs of our global customer base.”

Once the deal is approved and …

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