Traders on the Philadelphia Stock Exchange have been unable to go about business as usual because of a power outage, one that has halted trading on the floor since around 12:30 PM EDT. The Philadelphia Stock Exchange is an options exchange owned by Nasdaq OMX Group Inc. and its traders have been unable to operate for most of the day today due to what has been described as a “technical glitch.”
Nasdaq describes the glitch as a floorwide outage and has expressed its concern over the unfortunately-timed event, one that comes right as October options are expiring. Expiration events generally cause …read more

Online electronics retailer Newegg Inc., which only operates through the Internet, has decided to file for an initial public offering and raise $175 million. With the money from its IPO, Newegg hopes to repay its debt, expand its operations, and fund capital spending, three essential components for Newegg’s plans.
 
According to the California-based company, Newegg has been profitable every year since its launch in 2001 and has experienced rapid growth since then. Newegg had sales of $2.1 billion in 2008, according to a regulatory filing, and a net income of $15.8 million for the first half of 2009, which is up …read more

So you’re on the elevator and someone asks you what you do for a living and you have 30-60 seconds to talk. What will you say to them to communicate the details about your business? For those who don’t know, an elevator speech is an opportunity for you to quickly share information about your business that will encourage someone to hire you/buy your products or to invest in your business.
In case you need help developing your elevator speech, I thought it would be good to give you a few suggestions that you should include in your elevator speech when you …read more