Category: online business

PPP round 2 could do a lot to support small business, Fed chair Powell says

Federal Reserve Chair Jerome Powell said another iteration of the Paycheck Protection Program is likely the best way to continue supporting small businesses suffering as a result of the coronavirus pandemic.

When asked during a hearing before a House subcommittee on Wednesday whether the Main Street Lending Program could be modified to help smaller businesses, Powell said the Paycheck Protection Program would be a better way of reaching these companies.

The Fed would encounter difficulties trying to underwrite the credit for a large number of very small businesses, according to the Fed chair.

Powell told lawmakers that it is not practical for the Fed to create a facility for small businesses and that PPP could continue to do “a lot of good,” since it may take longer than officials initially

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Protect Yourself and Your Organization from Cybercrime NIU College of Business Online Speaker Series

Smartphones, laptops, internet-connected doorbells and cars all are parts of our digital lives, and all are vulnerable to cyberattacks. Learn how to protect yourself and your organization from cybercrime. The next NIU College of Business Wednesday Night Wisdom online speaker event is from 6 to 7:30 p.m. Wednesday, Sept. 30. All are welcome to register for free (go.niu.edu/wnw).

Our panelists are NIU College of Business alumni and experts in cybersecurity:

        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        

 

Joe Granneman, MBA 11, CEO and principal consultant of Illumination Cybersecurity Consulting, will kick off this Wednesday Night Wisdom panel discussion by showing how susceptible we are to cyberattacks and how we can prevent them.

Arvin Verma, OMIS 11, InfraGard Chicago IT sector chief, INMA IT sector SME and fellow at the Cybersecurity Forum Initiative, will describe social media’s role in manipulating our behavior for societal change and for access to our personal information. He will share ways we can

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Cox Communications Grants Homeless Students Online Assistance

ORANGE COUNTY, CA — A donation of six laptops and increased bandwidth will aid young students of the Orange County Rescue Mission, Cox Business says. The internet provider learned of the urgent need for funding for the 2020-2021 school year , with 61 students going back to virtual school.

With Gov. Gavin Newsom’s decision to start all schools virtually, the Rescue Mission had a mere two weeks to ensure its homeless children had everything they needed for remote learning.

This included the need for increased internet capacity.

“Once we were able to create a social distance learning environment right here at Village of Hope, we realized that we also needed to upgrade our internet bandwidth in order for our children to be successful in their schooling during this unprecedented time,” says Jim Palmer, President of Orange County Rescue Mission. “We knew Cox has consistently demonstrated a commitment to bridging the

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Walmart to hire another 20,000 and other business news

Walmart to hire another 20,000

Walmart said Wednesday it will hire 20,000 seasonal employees who will help pack and ship online purchases at its fulfillment centers as it anticipates more holiday shopping to shift online during the coronavirus pandemic.

Since March, the world’s biggest retailer has hired more than 500,000 employees across its U.S. stores and supply chain to keep up with demand for everything from groceries to hair color and bicycles.

In a news release Wednesday, Walmart said it will stretch Black Friday sales throughout the holiday season and have more deals online, rather than squeezing them into a single day that jams up stores — though it shared few details about specific offers.

“Over the past six months, our customers have been shopping differently, and we expect that will continue into the most important shopping season of the year — the holidays,” said Scott McCall, chief merchandising officer

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Palm Beach County offers aid to businesses that closed due to COVID-19 restrictions

As bars and numerous other businesses continue waiting for permission to reopen from COVID-19 restrictions, Palm Beach County is offering some financial relief.

On Friday, businesses that were forced to shut down due to COVID-19 restrictions will be allowed to apply for individual grants for up to $25,000. Palm Beach County is allocating $23 million for this round of grants and will process claims on a first-come, first-served basis.

Palm Beach County will begin accepting online applications at 8 a.m. Friday. The two-week window will close on Oct. 9.

Those eligible would be a business that:

Was shut down or had services limited due to a state or county executive order

Was operating Oct. 1, 2019, and still operating on Feb. 29, 2020

Did not receive a restart business grant in Phase 1.

Also, no publicly-traded companies or nonprofit organizations would qualify. A full list of requirements can be found

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Alameda County Business Owner: ‘I’m Just Devastated’

ALAMEDA COUNTY, CA — Tammy Schneickert, owner of Castro Valley gym D’s Fitness Designed 4 Women, was ecstatic when she got word that state health officials had moved Alameda County into the red tier Tuesday, indicating that fitness centers could reopen indoors at 10 percent capacity.

She was prepared to reopen and had thought of all the details: blocking off every other cardio machine to maintain social distancing, ensuring proper ventilation, protecting front desk staff and keeping an ultra-clean environment. The only question in her mind was whether she could reopen immediately or if she’d have to wait a few days.

The answer, as it turned out, was neither.

Soon after the state’s announcement, Alameda County made its own. Rather than allow more businesses to open indoors at reduced capacity, the county said it would take the next two weeks to ensure reopenings were safe and create its own phased

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College Consensus Publishes Aggregate Ranking of the Most Affordable Online MBA Programs for 2020

HILLSBOROUGH, N.C., Sept. 23, 2020 /PRNewswire/ — College Consensus (https://www.collegeconsensus.com), a unique college ratings website that aggregates publisher rankings and student reviews, has published its annual composite ranking of the Most Affordable Online MBA Programs for 2020.

This list of the Most Affordable Online MBA programs is based 100% upon each program’s base tuition. Each of the cheapest online MBA programs listed here can be finished with a base tuition rate under $13,000. This allows students a great education without breaking the bank.

All tuition information was taken directly from each university’s website. The Affordability Score provides a snapshot of where each program’s cost ranks relative to others on a 100 point scale.

The most affordable MBA program for 2020 is from the James M. Hull College of Business at Augusta University, followed by Broadwell College of Business and Economics at Fayetteville State University, and the College

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Trump administration proposes bill to chip away at online industry’s legal protections


William Barr

Attorney General William Barr speaks with federal officials for a panel discussion at the U.S. Attorney’s Office. | Brynn Anderson/AP Photo

Updated


WASHINGTON — The Justice Department proposed legislation Wednesday to narrow a key set of legal protections that shield internet companies like Facebook and Google from lawsuits over their efforts to police speech online, marking the latest escalation of the Trump administration’s battle with social media platforms.

The details: The legislation, submitted by the DOJ to Congress on Wednesday, targets a portion of federal law known as Section 230 of the Communications Decency Act, which protects a broad swath of online businesses from liability for hosting user material and taking steps to curb noxious material on their sites.

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The legal shield, enacted in 1996, has come under attack from officials across the political aisle amid scrutiny

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Online retailer amasses complaints of non-delivery and misleading ads

(KVOA) – The Better Business Bureau (BBB) reported it’s experiencing an increase in complaints related to online retail purchases. It’s warning consumers to be aware of the pitfalls of shopping on unfamiliar websites.

According to the BBB, Balma Home, purportedly based in Dallas, Texas, currently has an “F” rating with BBB Serving North Central Texas due to its failure to respond to 62 complaints filed against the business and its failure to resolve 3 complaints. The BBB said customers reported that they never received retail items purchased online, from podcast microphones to exercise resistance bands.

The BBB said customers reported that when they attempted to call or email the company, the phone numbers were disconnected and the emails bounced. The company received 116 complaints in the last 12 months from customers in 32 states in the United States and in Nova Scotia, Canada. An additional 89 customers, who weren’t seeking

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Nike Stock Jumps Nearly 10% After Reporting Surge In Online Sales

Topline

Shares of athletic apparel retailer Nike surged by nearly 10% on Wednesday, a day after the company reported financial results that crushed expectations thanks to booming online business during the coronavirus pandemic.

Key Facts

Even as many of its stores were reopened, Nike saw digital sales jump 82% last quarter, as record numbers of customers turned to its website and app to shop for sneakers and workout apparel.

The company reported revenue of $10.6 billion, crushing analyst expectations of only  $9.15 billion, with earnings of 95 cents per share (versus 47 cents expected).

Nike said sales got a boost from parents stocking up on back-to-school items, while its women’s apparel division grew nearly 200% and business also picked back up in key markets like China. 

Nike, which has already

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