ONTARIO and NEW YORK, Sept. 22 /PRNewswire/ -- Erie Thames Powerlines (ETPL), an Ontario-based provider of electrical distribution services serving communities in Oxford and Elgin Counties in Ontario, and CPower, Inc., a leading energy management and demand response firm, and Direct Energy Business, an integrated energy solutions provider to businesses throughout North America, announced the recent enrollment of ETPL client, Ontario Refrigerated Services, Inc. (ORS), located in the town of Ingersoll, into the Ontario Power Authority's (OPA) Demand Response 3 (DR3) program. The companies collaborated with the facility to successfully identify opportunities for participation in the program, which aims to reduce electricity usage for short periods in response to stress on the region's elec...
NEW YORK, Aug. 31, 2011 /PRNewswire/ -- Newtek Business Services, NASDAQ: NEWT, The Small Business Authority with a portfolio of over 100,000 business accounts, announced today the findings of its SB Authority Market Sentiment Survey, a monthly window into the concerns of independent business owners. Based on a poll of approximately 1,100 respondents, one of the key findings from the August survey was that 69 percent of small business owners do not plan on hiring. Two other questions in our survey support the findings of business pessimism. Most business owners, looking out on the horizon, are either pessimistic or neutral at best, regarding the overall business environment. Several business owners during the last 12 months have raised their prices or maintained them to fight off the ef...
NEW YORK, Nov. 28, 2011 /PRNewswire/ -- Newtek Business Services, (NASDAQ: NEWT) The Small Business Authority, announced the release of the SB Authority Index for October 2011 reaching 109.18 points. The SB Authority Index is up .23% from September 2011. The slight increase was led by Newtek's proprietary merchant processing volume and retail sales. President and CEO, Barry Sloane said, "We are seeing mixed signals from the economy as certain segments are soft and some segments are firming while holding steady. Clearly consumer spending remains an illuminated spot as Americans addicted to shopping continue to spend. With almost 70% of GDP driven by this segment, it provides quite a lift despite other segments still dragging. Most economists have recently reduced third quarter GDP growth...
NEW YORK, Jan. 6, 2012 /PRNewswire/ -- Newtek Business Services, NASDAQ: NEWT, The Small Business Authority, announced today the next live radio broadcast regarding entrepreneurship and the health of the small business economy from "The Small Business Authority Studio" at 77WABC Radio in New York. National listeners can also tune in at www.wabcradio.com and click listen live. The program, The Small Business Authority Hour, will be hosted by Barry Sloane, CEO, President and Chairman of Newtek Business Services and will be broadcast on Saturday, January 7, 2012 at 4:00 p.m. EDT. President and CEO Barry Sloane said, "The list of independent business operators and entrepreneurs that will be attending is impressive and wide ranging from Ripley's Believe It or Not! Times Square to the Corpora...
LONDON (Reuters) - Britain's pipeline of market abuse cases could haul in some big names over coming months, the country's financial enforcement chief flagged on Monday [June 27]. Margaret Cole, interim managing director of the Financial Services Authority's conduct business unit, has been credited with putting the watchdog's enforcement drive into high gear. But critics say she has focused too much on bit players rather than big scalps, even though record total fines have allowed the watchdog to put a lid on its fees to firms.
NEW YORK, Aug. 22, 2011 /PRNewswire/ -- Newtek Business Services, NASDAQ: NEWT, The Small Business Authority, announced the release of the SB Authority Index for July 2011 reaching 107.26 points. The SB Authority Index is up .96% from June 2011. Approved SBA loan volumes, the Russell microcap index and Retail Sales caused the increase in the index. The other five components of the index are ADP national employment report, Newtek's proprietary merchant processing volume, estimated small business default loan rate, GLS default rate and the prime rate. President and CEO, Barry Sloane said, "We have stated and been consistent since the beginning of the year that the small business economy has been extremely sluggish and struggles to grow. Our slight monthly increase for July is a further co...
NEW YORK, Dec. 23, 2011 /PRNewswire/ -- Newtek Business Services, NASDAQ: NEWT, The Small Business Authority, announced the release of the SB Authority Index for November 2011 reaching 109.48 points. The SB Authority Index is up .31% from October 2011. The slight increase was due to ADP's employment report and retail sales. President and CEO, Barry Sloane said, "We continue to see slight growth in the economy across certain sectors. The largest, most important sector of the economy is consumer spending and our own proprietary payment processing data is showing us that same stores sales in November 2011 rose by 5.8%. This is the first time we have seen such an increase in many months. In addition, we see roughly 15% growth in internet based processing volumes and flat to slightly up grow...
NEW YORK, Oct. 17, 2011 /PRNewswire/ -- Newtek Business Services, Inc. (Nasdaq: NEWT), The Small Business Authority, today announced that it will report its third quarter 2011 financial results on Wednesday, November 9, 2011. A conference call to discuss these results will be hosted by Barry Sloane, Chairman, President and Chief Executive Officer, and Jennifer Eddelson, Chief Accounting Officer, on Wednesday, November 9, 2011 at 4:15 pm EST. The live conference call can be accessed by dialing (877) 303-6993 or (760) 666-3611. A live audio webcast of the call and the corresponding presentation will be available in the 'Events & Presentation' section of the Investor Relations portion of Newtek's website at http://investor.newtekbusinessservices.com/events.cfm. A replay of the webcast with...
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