Top Entrepreneurial News of the Day

  • Small Businesses Rally to Fight New 1099 Rules – Inc.com: Small businesses are rallying to fight the 1099 rule this week, an obscure provision in the new federal health care law that requires filing a 1099 form for every purchase above $600 starting in 2012.
  • : Inventories at U.S. businesses rose in July at the fastest pace in two years as companies stocked up ahead of a back-to-school sales season that proved to be better than projected.
  • Is the Small-Business Recession Worse Than You Think – Entrepreneur.com: It’s always difficult to get an accurate read on how small businesses are faring. Most small businesses are privately held and not very forthcoming in sharing details about their operations. Ask an entrepreneur “How’s business?” these days and you could be in danger of getting smacked.
  • BP Claims Could be Under $20 Billion – CNNMoney.com: Total claims against BP could end up being less than the $20 billion the company pledged to set aside, according to incoming Chief Executive Robert Dudley.
  • As Greece Stagnates, Signs of Emigration Emerge – NYTimes.com: In two weeks, Alexandra Mallosi, 29, will be packing her bags and leaving the quiet Athens suburb of Holargos for Abu Dhabi to start a job as a hotel sales manager.

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