Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Companies upping hiring, wages: American businesses are modestly increasing hiring and wages, according to a new survey from the National Association of Business Economics. The survey found 39 percent of respondents expect hiring will increase in the next six months, much higher than the 27 percent who said the same back in January.
Wal-Mart faces federal criminal probe: The Justice Department has been conducting a criminal probe of Wal-Mart for allegations of systematic bribery in Mexico, according to three people familiar with the matter. The investigation, which was brought to light by the New York Times, was launched in December and seeks to determine whether the Wal-Mart de Mexico unit bribed foreign officials to gain business.
Fed meeting, but little action expected:The Federal Reserve will meet to discuss policy ideas on Tuesday and Wednesday, but the central bank is not expected to announce any new actions to help the economy or to give even a hint of additional stimulus. And with the unemployment rate already where the Fed predicted it could land by the end of the year, some analysts expect to hear a sunnier outlook on jobs.
Keep an eye ‘on’:
Credit unions pushing for business loans: Credit unions have for years been urging Congress to raise the regulatory cap on the amount of business loans they’re allowed to make, and this year they are closer than ever to securing that victory. Here’s why one advocate believes the cap should be lifted immediately.
Facebook shares to sell for $30.89: The social networking giant purchased Instagram for 23 million shares of the social network’s common stock and $300 million in cash, according to an updated filing, and with a share price of $30.89, that brings the total value of the deal to $1,010,470,000. Meanwhile, in the first quarter of 2012, Facebook made a total of around $1.06 billion in revenue.
Helpful advice ‘on’:
How to market through Twitter and Facebook (OSB)
How to defend against business identity theft (SBA)
How to get funding from Facebook friends (Yahoo)
How to snag that all-important first customer (Inc.)
How to pick the right company name (Entrepreneur)