Resource Nation’s Pick For Top 5 Business Stories of the Week

Posted by on July 9, 2010 in Business Financing, Business News, Social Networking [ 0 Comments ]

The long weekend brought a short week for most of us, but don’t worry if you didn’t get a chance to read your favorite news sites.  We rounded up the best of the best this week, and they are listed below:

  1. In New Space Race, Enter the Entrepreneurs [New York Times] “At the Bigelow Aerospace factory here, the full-size space station mockups sitting on the warehouse floor look somewhat like puffy white watermelons. The interiors offer a hint of what spacious living in space might look like.”
  2. How to Use Location-Based Social Networks for Your Business [Inc.] “More small businesses are looking to profit from promotions on location-based social networks such as Foursquare and Gowalla. Here’s a guide to tapping in to the power of the check-in.”
  3. Consumer Credit in U.S. Declined More Than Forecast [BusinessWeek] “Consumer borrowing in the U.S. dropped in May more than forecast, a sign Americans are less willing to take on debt without an improvement in the labor market.”
  4. LeBron: ‘The Decision’ Will Generate $2.5 Million For Boys & Girls Club [CNBC] “James’ team isn’t saying how much in total was raised, but Maverick Carter, CEO of LRMR, did say on Thursday afternoon that more than $2 million in net proceeds will go to the Boys & Girls Club of America, Vitamin water and Nike also contributed in the charitable effort.”
  5. Bank Bailouts Revisited [Forbes] “The Troubled Asset Relief Program was originally meant to help rid banks of their most toxic holdings in the turbulent fall of 2008. Ultimately it morphed into the Treasury Department pumping hundreds of billions of dollars into the financial system to keep firms from going the way of Lehman Brothers and the global economy from collapsing.”

Hope this round up helps keep you well rounded in the world of business for the week.  Feel free to share your favorite news story below.

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