Business Wire

Fitch Warns of Possible Downgrade of U.S. Credit

The United States risks losing its top credit rating if it's unable to make payments on its debt and encounters a "technical default," the Fitch rating agency said Wednesday.

Pop-ups Business Model Brings Boutiques to the Customers

On a starry January evening in Laguna Beach, the conversation and wine flowed freely at the 16th Colony trunk show. At the pop-up shopping event, Renee Rogers, designer of the Irvine-based line of hand-sewn, premium ponchos, mingled with fans at Sourced Collective, a vintage-style cottage that doubles as a workspace for local artists and creatives.

Tribune to Buy Music Data Biz Gracenote

Tribune Co. is buying Gracenote, a music data business, from Sony Corp. for $170 million, the companies said Monday.

Small Business Loans Skyrocket in Alabama

A new federal report shows an explosion in small business loans nationwide since the depths of the recession, with the Southeast leading the way.

Small Percentage of Workers Psychologically Committed to Jobs

Thirteen percent of employees worldwide are psychologically committed to their jobs and likely to make positive contributions, a U.S. survey says.

Groupon Hires Four New Executives

Groupon on Thursday named four new executives aimed at honing in on key growth areas and spots where competitors are nipping at its heels.

Job Growth Slow, Employment Down in Miami

Miami-Dade's lifeless jobs recovery continued this summer, with government cutbacks and a slowdown in healthcare hiring still weighing down the economy last month.

Alliant Energy Selling Minnesota Operations

Alliant Energy is selling most of its Minnesota operation for $128 million.

East Boston Businesses Don't Like Their Odds

Millions in pledged mitigation money isn't consoling some East Boston small business owners, who still worry about the impact of a $1 billion Suffolk Downs resort casino on their livelihoods and community.

Gutierrez Stays Atop Hispanic Chamber

Los Angeles executive Ernie Gutierrez has been re-elected chairman of the board of the Sacramento-based California Hispanic Chambers of Commerce.

Fannie, Freddie Avoid Writeoffs, Falcone Admits Guilt

Fannie Mae and Freddie Mac have been avoiding billions of dollars in potential long-term losses by delaying the use of new accounting measures, and billionaire hedge fund manager Philip Falcone will admit wrongdoing and pay an $18 million fine to settle a pair of SEC actions.

Community Engagement Benefits Businesses, Job Seekers

The strength of a community is based on a solid foundation of support and awareness of local needs.

Ask the Experts: Resources Are Critical to Small-business Success

It's fashionable to be an entrepreneur these days, and related resources seem to be popping up almost daily, said Fred Hathaway, director of marketing and programs at EntreDot, a Cary, N.C., firm that helps entrepreneurs launch and operate their businesses.

China Growth Slows to 7.5 Percent

In another sign of its slowing economy, China's second-quarter gross domestic product growth slipped to 7.5 percent year-on-year, data showed Monday.

LaunchPad INW Changes Business Plans

LaunchPad INW, a Spokane-based social networking company, has scrapped its original business plan and shifted to highlighting corporate innovation in a weekly newsletter.

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