• Welcome to USA Small Business Association

  • Education Information

  • Future

  • Facilitating

H&M says working to improve labor conditions in India, Cambodia factories

NEW DELHI (Thomson Reuters Foundation) – Swedish fashion retailer Hennes & Mauritz (H&M) said it was collaborating with trade unions, government as well as the U.N. to improve workers’ conditions after a study found violations in supplying garment factories in India and Cambodia. The study by the Asia Floor Wage Alliance (AFWA) found workers stitching clothes for H&M in factories ...

Read More »

Exclusive: CIC ends talks with Yum Brands over China business – sources

A consortium that includes sovereign wealth fund China Investment Corp (CIC) and U.S. buyout firm KKR & Co (KKR.N) has ended discussions to buy a stake in Yum Brands Inc’s (YUM.N) China unit, according to people familiar with the matter. Louisville, Kentucky-based Yum Brands, owner of the Pizza Hut and KFC fast-food chains, has been looking to spin off its ...

Read More »

Banks identify possible replacements for U.S. Libor

NEW YORK A group of global banks and clearing houses, working with U.S. regulators, said on Friday it has identified two possible replacements for Libor, the benchmark interest rate for $160 trillion worth of credit for everything from home mortgages to corporate loans. The Alternative Reference Rates Committee (ARRC) said that together with the Federal Reserve it has identified the ...

Read More »

Creditors of Puerto Rico government bank revive lawsuit over debt moratorium

SAN JUAN Hedge funds who own debt at Puerto Rico’s Government Development Bank are accusing the bank and the island’s governor of giving preferential treatment to local creditors under a law designed to restructure GDB’s debt, signaling a breakdown in a tentative restructuring deal the sides reached earlier this month. A bondholder group that includes hedge funds Brigade, Claren Road ...

Read More »

Viacom says its board has not had access to Redstone

NEW YORK Viacom Inc said on Saturday its board members have been unable to meet with controlling shareholder Sumner Redstone because his daughter Shari is blocking access to the media mogul. Viacom’s criticism of Shari Redstone comes a day after Sumner Redstone, 92, removed Viacom Chief Executive Officer Philippe Dauman and Viacom board member George Abrams from the seven-person trust ...

Read More »

Economic data keeps Fed in focus for stocks

NEW YORK Economic data will garner most of the attention next week, with investors placing a heavy weight on a host of reports as they try and determine the likelihood of a rate hike by the U.S. Federal Reserve at its June meeting. Multiple gauges of the manufacturing sector will be released along with durable goods orders, a reading on ...

Read More »

Events in Atlanta, New York, Orlando, Fort Lauderdale this Week

Small business events dot the map this week. From Atlanta, which of course hosts Digital Summit Atlanta to New York, Orlando and Fort Lauderdale, events for small business owners and entrepreneurs seem to be happening everywhere. Other events include “Winning the Game of Business — Entrepreneur Night,” several HackerX events aimed at connecting tech talent with some of the most ...

Read More »

U.S. securities regulator takes aim at exchange-traded funds

WASHINGTON The top U.S. securities regulator is taking aim at exchange-traded funds, with the agency’s chair on Friday saying that recent events have called for giving the popular funds “enhanced attention.” The statements by Mary Jo White, chair of the Securities and Exchange Commission, were the frankest warning yet that the agency could tighten regulation of the funds. The funds, ...

Read More »

10 Ways to Use Technology to Better Your Business

Technology offers plenty of opportunities for businesses to make things like marketing and managing a team easier. But with so many different tech tools out there, it can be difficult to even know where to start. For tips on utilizing technology to better your business, check out the list below from members of our small business community. Achieve Better Business ...

Read More »

Peabody moves to end debt dispute in favor of unsecured creditors

CHICAGO Bankrupt coal producer Peabody Energy Corp (BTUUQ.PK) said in a court filing Friday it believes its long-term debt should be included in its current liabilities, a position that favors unsecured creditors to the tune of $1 billion. A fight over how to treat long-term debt in calculating the mining company’s assets has been looming since Peabody filed for chapter ...

Read More »