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Slow rebound: The biggest players on K Street made a modest recovery in 2014 following three years of decline, with many of the nation’s largest lobby firms posting revenue growth in 2014 compared to 2013. (CAPBIZ)
Bad bandwagon? The online grocery delivery business seems to get more crowded and more competitive by the minute, which is somewhat odd, considering that data show it’s awfully hard to do profitably. (WP)
Don’t bet on it: Super-low gas prices are making drives a lot cheaper and saving airlines millions of dollars in fuel, which means they could very well slash prices for customers. Here’swhy they won’t. (WP)
Beefing up: Burger chain Shake Shack, which got its start as a hot dog cart in New York City in 2001, plans to raise up to $80 million from an initial public offering of its common stock. (AP)
Storm clouds: For IBM, converting to the cloud is taking a toll on the bottom line. Even though it’s necessary to drive future growth, the company is being forced to sacrifice profits in the short term. (BLOOM)
Tax trouble: Obama outlined his plans to pursue tax increases for the wealthy and tax credits for the middle class during the State of the Union address. One small business expert says that’s the wrong recipe for growth. (OSB)
Sales surging: A record number of small businesses nationwide changed hands last year, according to a new report from BizBuySell, an online marketplace that helps individuals buy and sell businesses. (NBJ)
Holding us back: The global economy, slowed by stagnation in Europe and Japan, is being further hampered by a weakening Chinese economy, which mustered only 7.4 percent growth in 2014. (AP)
On Wall Street
Stocks eked out small gains after a topsy-turvy day of trading on Tuesday. (Get the latest updates here)
MBA purchase application (7:00 a.m.)
Housing starts (8:30 a.m.)
Bad bandwagon? The online grocery delivery business seems to get more crowded and more competitive by the minute, which is somewhat odd, considering that data show it’s awfully hard to do profitably. (WP)
Don’t bet on it: Super-low gas prices are making drives a lot cheaper and saving airlines millions of dollars in fuel, which means they could very well slash prices for customers. Here’swhy they won’t. (WP)
Beefing up: Burger chain Shake Shack, which got its start as a hot dog cart in New York City in 2001, plans to raise up to $80 million from an initial public offering of its common stock. (AP)
Storm clouds: For IBM, converting to the cloud is taking a toll on the bottom line. Even though it’s necessary to drive future growth, the company is being forced to sacrifice profits in the short term. (BLOOM)
Tax trouble: Obama outlined his plans to pursue tax increases for the wealthy and tax credits for the middle class during the State of the Union address. One small business expert says that’s the wrong recipe for growth. (OSB)
Sales surging: A record number of small businesses nationwide changed hands last year, according to a new report from BizBuySell, an online marketplace that helps individuals buy and sell businesses. (NBJ)
Holding us back: The global economy, slowed by stagnation in Europe and Japan, is being further hampered by a weakening Chinese economy, which mustered only 7.4 percent growth in 2014. (AP)
On Wall Street
Stocks eked out small gains after a topsy-turvy day of trading on Tuesday. (Get the latest updates here)
What’s on tap today
MBA purchase application (7:00 a.m.)
Housing starts (8:30 a.m.)
Help: Eleven hacks that will help you stay focused on your business (ENT)
Follow: BizBuySell
Extra: What to know about the president’s new affordable college proposals (WP)
Thoughts? Have feedback, tips or events we should know about? Email us here.
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