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A longer view on innovation shows growth

Increased efficiency is often blamed for job loss, yet the money saved from innovations can fund future economic growth, a new study by the McKinsey Global Institute reported. “Companies can pass on those savings to their customers in the form of lower prices, leaving households and businesses with more money to spend elsewhere. They can […]

Indiana campaigns targets Illinois businesses

Touting the slogans, “Illinoyed by Higher Taxes?” and “Feeling Squeezed by Taxes?” Indiana business groups added a second ad campaigns in Chicago this week to encourage Illinois businesses to relocate to the Hoosier state, the Post-Tribune in Merrillville reported. The Indiana Economic Development Corp. and the Northwest Indiana Forum have spent a combined $200,000 on […]

Businesses hike prices

Some small business owners might greet economic recovery by raising prices, Crain’s Chicago Business reported. With costs rising, companies might have no choice but to pass on costs to customers, the article said. While larger companies might have more clout in the marketplace, small businesses should communicate the value they offer when raising prices, the […]

Apple’s App Store to offer magazine subscriptions

Magazine publishers offering iPad versions now can sell subscriptions through Apple’s App Store, according to a New York Times blogpost. Apple Inc. will take 30 percent of subscription revenue that comes through its App Store, allowing publishers to keep 70 percent, the blogpost reported. But publishers that sell apps outside of Apple’s App Store can […]

McKinsey: India’s mobile use to take off

New research by McKinsey & Co. suggests India’s digital content consumption could double to $9.5 billion by 2015 as the number of Internet users climbs fivefold to 450 million. Growing usage of mobile devices is fueling the trend, as many Indian consumers forgo computers for less-expensive smart phones, the study indicated. The growing market should […]