Noranda Aluminum Inc. announced Tuesday that it is laying off up to 200 employees and suspending an expansion project at its southeast Missouri smelter because state regulators refused to lower its electricity rates.
Tag Archive for sales
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Wet Seal CEO John Goodman resigns
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Is it Safe to Use the Cloud for Your Small Business?
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Think you are protected when you confiscate an ex-employee’s computer and mobile phone? Well, think again.
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Moelis & Co. names Cantor as vice chairman
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Former House Majority Leader Eric Cantor is joining investment bank Moelis & Co. as vice chairman and managing director.
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28 Mistakes Entrepreneurs Make When Pitching to Investors
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As a venture capital and angel investor who has heard many pitches, I’ve compiled a list of mistakes and things to avoid if you are an entrepreneur seeking angel or venture financing.
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Civil disobedience expected in fast-food pay fight
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McDonald’s, Wendy’s and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the industry’s workers.
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Veteran vs. newcomer for Rhode Island treasurer
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Former Treasurer Frank Caprio is seeking a second term against a political newcomer frustrated with Rhode Island’s failure to rebound from the recession.
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Program trains refugees for work on NY dairy farms
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A pilot program underway in New York is putting Bhutanese refugees to work on dairy farms.
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WakeUpNow $26 Million Revenue In First Half Year
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WakeUpNow has published its Q2 report, and reports a revenue of $16,4 million, Q1 revenue was $9,7 million, so revenue is 70% up.
A small profit of $32,000 in Q2 while Q1 had a loss of $1,5 million.
WakeUpNow management stated:
“Though the Company’s current financial condition may cast doubt on its ability to continue as a going concern, management believes that its plan of operation, if successfully implemented, will generate sufficient earnings to both restore a stable financial condition and provide adequate returns to its shareholders”.
Postive factors:
“Management believes that its efforts to develop a robust product offering with a compelling value proposition will continue to attract distributors both in the United States and abroad”.
As risk factors WakeUpNow mention:
“State governments could attempt to tax our distributors as employees which would be devastating or fatal to our business.”
For instance, a staff member from the Utah State Tax Commission, has threatened to attempt to classify our distributors as employees and classify us as an employer of our distributors on the theory that our distributors are eligible for bonuses based on exceeding certain sales revenue goals.
“A substantial majority of our sales are via credit card and if we are unable to maintain relationships with