Business Digest: RetailMeNot expands into Canada
E-COMMERCE RetailMeNot expands into Canada Austin-based on-line digital coupon company RetailMeNot Inc. has expanded into Canada, as ship’s company officials Wednesday announced the launching of RetailMeNot.ca
The web site allows access to more than 6,000 retailers doing business with Canadians. chief executive officer and founder Cotter Cunningham says the expansion is separate of a long-run commitment to be a trust generator of savings for on-line consumers globally. previously known as WhaleShark Media Inc., the company renamed itself RetailMeNot in March, to align the party ’ s name with its best-known brand, RetailMeNot.com. TECHNOLOGY Xplore Technologies posts first profitable year Xplore Technologies Corp., the Austin-based manufacturer of rugged pill computers, said Wednesday that it has completed its first gear profitable fiscal year. For the fiscal year ended March 31, Xplore Technologies had web income of $ 306,000, the company said. That compares with a net loss of $ 523,000 in fiscal 2012, according to the company. Xplore Technologies ’ said tax income rose 11 percentage for fiscal 2013, with tax income of $ 30.48 million, compared to $ 27.53 million in fiscal 2012. Founded in 1998, Xplore Technologies makes pill computers for rugged environments, such as construction sites and military settings.
“ We are well positioned to execute on our strategy to develop and introduce newfangled rugged products to broaden our addressable markets and enable continue growth, ” Philip Sassower, Xplore ’ sulfur chair and CEO, said in a news acquittance. ECONOMY BofA exec: Small business making comeback NEW YORK — Robb Hilson ’ randomness job as heading of small business bank at Bank of America is to convince small clientele owners that the bank wants to do business with them. That ’ s not easy when small businesses have systematically said in surveys that they find it hard to get loans from banks, and when banks have become more timid about lending to little companies following the recession. But in the 18 months Hilson has been on the job at the state ’ s second-largest savings bank it has had some success with its 3.2 million little occupation customers. last year, Bank of America made $ 8.7 billion in new loans to small businesses, up 28 percentage from 2011. Hilson, 54, took the occupation as modest business administrator in November 2011 soon after Bank of America started placing 1,000 bankers in cities and communities around the country to serve belittled companies. Bank of America and other big banks began bolstering their little occupation outreach after they were criticized by company owners and lawmakers for rigorous lend standards that prevented many companies from getting loans. ENERGY BP mounts offensive in spill settlement dispute
new ORLEANS — With an ad blitz and a telegraphically give voice letter, BP is mounting an increasingly aggressive political campaign to challenge what could be billions of dollars in settlement payouts to businesses following its 2010 petroleum spillway in the Gulf of Mexico. In letters that started going out Tuesday, BP warns lawyers for many Gulf Coast businesses that it may seek to recover at least some of their clients ’ shares of the multibillion-dollar settlement if it successfully appeals a key rule in the legal haggle spawned by the state ’ s worst offshore oil spill. The London-based oil giant says it is sending hundreds of the letters to attorneys for businesses the company believes received excessive payments from the court-supervised settlement program .