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New at the top: Silent Circle, co-creator of the encrypted Blackphone, has named a new chief executive to lead the business and guide the company through a growth spurt. (CAPBIZ)
Agenda: Virginia’s largest technology trade association has called upon the general assembly to increase state funding for start-ups and continue tax breaks for investors as lawmakershead to Richmond next week. (CAPBIZ)
Not lovin’ it: Want a side of fries with your Big Mac? If you’re in Venezuela, you’re out of luck. McDonald’s 100 franchises in the South American country are out, and the company’s reason for the shortage is reflective of bigger retail problems.(WP)
Drop: The U.S. trade deficit fell in November to the lowest level in almost a year, thanks to the country’s swiftly shrinking thirst for foreign oil. (AP)
Not convinced: If tech firms have their way, everything you use on a daily basis, from your toothbrush to your car, will one day be connected to the Internet. But are consumers buying the dream of the Internet of Things? (WP)
Bought: McLean-based Cvent Inc., an online event management platform, announced Wednesday the acquisition of Elite Meetings International, a hospitality marketing companybased in Santa Barbara, Calif. (WBJ)
New approach: Federal Reserve officials, worried about weak growth overseas, are endorsing new measures by foreign officials to stimulate their economies. (WSJ)
Chain store sales
Agenda: Virginia’s largest technology trade association has called upon the general assembly to increase state funding for start-ups and continue tax breaks for investors as lawmakershead to Richmond next week. (CAPBIZ)
Not lovin’ it: Want a side of fries with your Big Mac? If you’re in Venezuela, you’re out of luck. McDonald’s 100 franchises in the South American country are out, and the company’s reason for the shortage is reflective of bigger retail problems.(WP)
Drop: The U.S. trade deficit fell in November to the lowest level in almost a year, thanks to the country’s swiftly shrinking thirst for foreign oil. (AP)
Not convinced: If tech firms have their way, everything you use on a daily basis, from your toothbrush to your car, will one day be connected to the Internet. But are consumers buying the dream of the Internet of Things? (WP)
Bought: McLean-based Cvent Inc., an online event management platform, announced Wednesday the acquisition of Elite Meetings International, a hospitality marketing companybased in Santa Barbara, Calif. (WBJ)
New approach: Federal Reserve officials, worried about weak growth overseas, are endorsing new measures by foreign officials to stimulate their economies. (WSJ)
On Wall Street
Stocks recorded their first gain the new year Wednesday due to encouraging economic news and a rare rise in oil prices. (Get the latest updates here)
What’s on tap today
Weekly jobless claims (8:30 a.m.)Chain store sales
Help: 5 business resolutions to start right now (ENT)
Follow: Silent Circle
Extra: The Joe Biden compliment generator (WP)
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