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USA Business - News


Thrift stores' business booms across US
Thrift stores' business booms across US By Seth Wenig, AP By Andrea Stone, USA TODAY At a time when most retailers are begging for customers, second-hand shops are thriving as the laid-off, and those worried they will be, turn to them for less expensive clothes, furniture and household items

US HOT STOCKS: Southwest Airlines, Regions Fincl, Krispy Kreme
The newspaper publisher noted continued pressure on advertising demand across all business segments. Advertising revenue fell 33.5% at USA Today, slightly better than the 35% GCI executives had suggested. Genuine Parts Co.'s (GPC, $34.01, +$2.56,

Gannett earnings slump 60% Business Courier of Cincinnati - Bizjournals.com
Gannett earnings slump 60% Business Courier of Cincinnati - Bizjournals.com BBC NewsGannett earnings slump 60% Business Courier of CincinnatiGannett Co. Inc., parent of The Cincinnati Enquirer and Community Press newspapers locally, suffered a 60 percent drop in profits last quarter as ad revenue dried up. McLean, Va.-based Gannett reported Thursday that earnings in the first quarter of Gannett profit tumbles as ad revenue declines Newsquest classified ad revenue falls 45% year on year Gannett's First-Quarter Online Newspaper Revenue Down 20%  -

Crude Oil Rises After Unexpected Decline in US Jobless Claims
Crude Oil Rises After Unexpected Decline in US Jobless Claims Daily Star - LebanonThe Federal Reserve said in its Beige Book business survey yesterday that economic contractions were slowing or stabilizing in San Francisco, the largest district, as well as in New York, Chicago, Kansas City and Dallas. Chinese industrial production OIL FUTURES: Crude Down As US Inventories Soar To 18 Yr High

Hendrick buys Beck Imports The Business Journal of the Greater ... - Bizjournals.com
Hendrick buys Beck Imports The Business Journal of the Greater Sonic sued Mercedes-Benz USA in April, when the company said it would not approve Sonic as a buyer for Beck until the chain resolved problems at its other Mercedes dealerships. As that suit continued, Beck took the case to the state Division of Motor

Thrift stores' business booms across US

At a time when most retailers are begging for customers, second-hand shops are thriving as the laid-off, and those worried they will be, turn to them for less expensive clothes, furniture and household items. But many thrift shops are also running low on merchandise as fewer people are able to donate.

"Resale has historically been a recession-proof industry," says Adele Meyer of the National Association of Resale and Thrift Shops. "Consumers ... are turning to resale as a way of providing for their families while still staying within their budgets."

February revenue at Goodwill Industries stores was up 7.2% over last year, spokeswoman Lauren Lawson says. The Salvation Army doesn't have national figures, but its Western district, which includes six states, saw same-store sales for the six months starting Oct. 1 rise 8%, says Dawn Marks, the group's regional marketing consultant.

"People who wouldn't normally shop in a thrift store but who've lost jobs or had their hours cut back are looking for ways to save," she says.

is it possible to open a USA business bank account without SSN ?

i've a USA company ( LLC ) incorporated in Delaware
& i've applied for EIN & have it

but i live outside USA & don't have SSN

is it possible for me to open a Business bank account for my company ?


Most places require you to place a SSN on record even if you have an EIN. This is due to more stringent post 9/11 requirements. If you have a ranking American person in your LLC then you could have them place there SSN for you. Larger banks may be more understanding of international corporations though. Switzerland, Liechtenstein, Bahamas, and the Cayman also may have banking accounts that would be of interest to you if all of your transactions are online and you don’t need to write many checks (ie pay for transaction with credit cards).

What is appropriate business dress in the eastern USA?

I live in Europe and a friend of mine (a woman) is going to the USA on business. She doesn't know what kind of clothes to take with her for the business meetings. She works in the pharmaceutical industry in a laboratory. Can she pack casual clothes, or should she be more conservative? I appreciate any help you can give us.


Hmmmm.

I think it really depends on if your friend is going to be in the NORTHERN East Coast, or the Southern.

Northern: SUITS baby.

Southern: Dress Slacks, nice summer top. And you can never go wrong with going all out with a suit down here too. Skirts, skirts, skirts.


Oh, I just saw the lab part.

Hmmmmm. I stil say a skirt, with a nice sweater.(summer sweater)

Pharmaceutical(I spelled that the way you did.....that's a hard one) Sales is considered professional.......I'd tell her to dress to impress.

How business proftis outside USA be remitted back to USA after paying local taxes, still taxable in USA?

last year I moved from USA to india to start new business. Since first year is normally for erection and installation of machinery as there was no commecial production, but this year I'm expecting profit after meeting operating expense. Now if I pay the income tax as per local country's rule how should I remitt those profits back to USA so that it may be re-invested in other business in USA or other overseas countreies. Do I have to pay taxes on those profits in USA? how should I get my indian company's operation recognized in USA i.e. having a parent company in USA and branch office in India like that? Since I'm an USA citizen I deifinitely feel more comfortable to report all my earnings including overseas to IRS
so that in future I may have sufficient funds to start a good business or do investment in my own country.


Your personal income is subject to US tax regardless of where you earn it.

The company's income is potentially a different story. If it is a corporation organized in a foreign country the IRS has no legal authority over it and cannot tax it. The income that YOU are paid by the corporation IS fully taxable in the US. If the corporation makes investments in the US that generate income that income could be taxed by both the foreign country and the US.

As you can see this is potentially a complex issue. Large multi-national corporations have staffs of lawyers and accountants whose sole job is to ensure that the corporate entities are organized in such a way as to legally minimize tax liability in each country where they operate.

You may not be a large multi-national conglomerate -- yet anyway; think big! -- but you still need proper legal and business advice both in the foreign country and in the US. I would suggest that you retain an attorney and a tax expert on both ends and coordinate the organization of your business such to minimize your tax liability to both countries and to ensure that you don't inadvertently break the law on either end.

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