Posted on October - 22 - 2009
NEW YORK (Reuters) – Stock bulls may hit the pause button again this week if a wave of earnings due from marquee names such as Exxon Mobil and a slew of economic data offer no new incentives to extend Wall Street’s seven-month rally.
Even though the profits that have come in so far have proven to be surprisingly strong, U.S. stocks have made very little headway as investors search for more definitive signs that the economic recovery is gaining strength.
At best, stocks could trade sideways to consolidate some of the gains seen since the 12-year lows of early March. But at the same time, analysts said the market could have a downward bias as investors fret about outlooks, the potential for a pullback and earnings quality.
Energy, telecom and consumer goods companies will be in the spotlight as the reporting season kicks into overdrive, with Exxon Mobil (XOM.N), Chevron Corp (CVX.N), Verizon Communications VX.N and Colgate-Palmolive (CL.N) among a raft of companies on this week’s scoreboard.
Visa Inc (V.N), the world’s largest credit-card network, also is due to report this week.
“What I’ll be looking for is a good industry cross-section to see what revenues are looking like, what company comments are about the overall economy.
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Posted on October - 22 - 2009
“Do I have to charge GST on my products?” asks Baby141. “I understand that I need to charge the pst (8 percent tax) and remit to the CRA but I’m not sure about the GST.”
Remember the rule about Small Suppliers? Click on the link above to reply.
Other questions and discussions in the Small Business Canada Forum right now are:
- How much will payroll taxes run?
- How does selling globally affect incorporation?
- Is a paperless office possible?
Why not pop in and add your advice? (You’re welcome to ask questions, too, of course.)
Posted on October - 20 - 2009
This article will provide tips and advice on how to reward employees without giving raises.
Rewarding Star Employees on a Tight Budget
Times are tough in the present economy so many business owners are unable to give raises to reward their employees. However, they would still like to reward them. There are several ways to reward employees without raises. Rewarding employees without raises will boost workplace moral, will make employees feel appreciated, and will help to retain employees.
Recognize Employee Efforts
Busy business managers often fail to regularly recognize employee efforts. Simply telling hardworking employees that they are appreciated is often all it takes to keep them happy and productive. Business managers can also do this by implementing an employee of the week program. Simply recognizing great employees is a fantastic and cost-effective way to reward employees without raises.
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Posted on October - 19 - 2009
More businesses are exporting products due to the fall in the pound.
The competitive exchange rate has sparked an interest in exporting, with Business Link’s online UK Trade Tariff tool having received a record 30,000 visits last month.
Michelle Mone, founder of Ultimo Bras, exports her products. ‘The market is starting to regain strength and the pound is at a competitive rate, so it’s a great time to explore the possibility of exporting and how this could enhance your business,’ she says.
Lord Davies of Abersoch, the Minister for Trade, Investment and Small Business, says: ‘Now is the perfect time for enterprising UK technology businesses, especially start-ups and small businesses, to look abroad at the myriad opportunities available. Exporting breathes life into our economy.’
Despite a recent jump in the pound to a month high of €1.107, it is still down compared with €1.43 the same time two years ago. ?
For more information on the Trade tariff tool visit the Business Link website.
Posted on October - 19 - 2009
NEW YORK (CNNMoney.com) — The euro rallied against the dollar Wednesday, rising above $1.50 for the first time in 14 months, as optimism about the global economic recovery boosted demand for higher yielding currencies.
The euro was up 0.4% versus the dollar to $1.5010 after trading at $1.5018 earlier. It was the first time the 16-nation currency climbed above $1.50 since August 2008.
The British pound was up 1.3% against the greenback at $1.6596. Against the Japanese yen, the dollar was up 0.4% to ¥91.13.
The dollar index (DXY), which gauges the dollar’s value against the Euro, pound, yen and other currencies, was down 0.4% to 75.2. (Check rates on 16 currencies here.)
The index has tumbled more than 7% so far this year. Improved economic news has encouraged investors to abandon the perceived safety of the dollar to seek higher returns in more risky assets such as stocks and commodities.
That trend was in effect Wednesday as U.S.
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Posted on October - 19 - 2009
NEW YORK (Reuters) – Stocks rose on Wednesday, sending the Nasdaq up 1 percent, as signs of strength in corporate profits fueled investors’ appetite for riskier assets.
The Dow Jones industrial average .DJI was up 48.90 points, or 0.49 percent, at 10,090.38. The Standard & Poor’s 500 Index .SPX was up 6.86 points, or 0.63 percent, at 1,097.92. The Nasdaq Composite Index .IXIC was up 20.69 points, or 0.96 percent, at 2,184.16.
Weakness in the U.S. dollar also underpinned the market as shares of multinationals headed higher.
(Reporting by Ellis Mnyandu; editing by Jeffrey Benkoe)
