This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

3 Things You Should Know About Small Business: March 1

NEW YORK ( TheStreet) - What's happening in small business today?

1. Sequester deal fails. President Barack Obama and congressional leaders failed to come up with a deal to avert automatic spending cuts, Marketwatch reports.

The $85-billion in total spending cuts will begin taking effect on Friday. House Speaker John Boehner remained strong in his pledge to not raise taxes and said it's time to cut spending, Marketwatch says.

2. Groupon CEO fired. Amid terrible fourth-quarter earnings results, Groupon (GRPN - Get Report) CEO Andrew Mason has been removed, the company announced Thursday.

Mason will be replaced by Executive Chairman Eric Lefkofsky and Vice Chairman Ted Leonsis until a permanent replacement has been found, TheStreet's Chris Ciaccia reported.

Groupon hasn't had an easy ride since going public. As the space for daily deals struggles, Groupon has changed its business model more towards a goods-selling business, pitting it against online retail giants, such as Amazon (AMZN) and Google (GOOG).

3. Why this entrepreneur decided to eliminate her company's work-from-home policy. Yahoo! (YHOO - Get Report) CEO Marissa Mayer created a firestorm this week with her new no work-from-home policy. Nellie Akalp, CEO of CorpNet.com, a legal document filing services and a successful entrepreneur shares her reasons why she doesn't offer the option to her employees on Mashable.

"I've found that there are certain benefits that only come from face time in the office. And at this point, these benefits outweigh any advantages of a telecommuting option," Akalp writes.

Some benefits include: team cohesiveness and camaraderie, easier communication, increased productivity and more effective collaboration and creative brainstorming, Akalp says.

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com.

>To submit a news tip, email: tips@thestreet.com.

RELATED STORIES:







Follow TheStreet on Twitter and become a fan on Facebook.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
GRPN $7.20 0.00%
YHOO $44.45 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs