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Posted at 06:30 AM ET, 04/10/2012

Get started ‘On’ Apr. 10: Facebook buys Instagram, California ceiling maker wins Ex-Im award

Our daily blend of the latest news, trends and tips for the small business community.

What’s going ‘on’:

Facebook will purchase Instagram for $1 billion, according to an announcement on Monday.
Facebook buys Instagram for $1B: Facebook announced Monday it will acquire the popular mobile photo-sharing firm Instagram, a push by the social networking giant to draw more consumers who rely on smartphones and tablets for their digital needs. The deal, Facebook’s largest to date, is worth around $1 billion in cash and shares.

Ceiling maker wins Ex-Im award: Ceilings Plus, a California-based manufacturer and installer of high-quality aluminum and wood ceilings and wall panels, will receive the Small Business Exporter of the Year award from the U.S. Export-Import Bank. The award will be presented at the Bank’s 37th Annual Conference later this week in Washington.

Microsoft-AOL deal evidence of desperate scramble:AOL’s $1 billion deal to sell and license patents to Microsoft is another in a series of “Antiques Roadshow” moments in the technology world. Faded companies have been rummaging through their assets recently, according to a new report, and some of them have found musty old patents that turn out to be worth a great deal.

Keep an eye ‘on’:

Craft beer market brewing in Washington: Small brewers enjoyed a 14 percent increase in sales last year, even as overall beer sales fell by 1.3 percent, according to a trade group report released last week. In the nation’s capital, 2011 brought new brands like D.C Brau. Brewing Co., 3 Stars, Chocolate City Beer, Port City Brewing Co., reflecting a shift in consumer tastes toward local, artisan products, analysts say.

Helpful advice ‘on’:

How to meausre your social media impact (OSB)

How to find promising sales leads (Entrepreneur)

How to know when to hire a sales team (Inc.)

How to put your business on auto­pilot (Open Forum)

By  |  06:30 AM ET, 04/10/2012

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