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CME Group opposes trading tax proposal

President Barack Obama’s budget proposal included a plan to raise $117 million through a futures trading tax that would support regulation by the Commodity Futures Trading Commission, according to news reports. But it was immediately met with opposition from Chicago-based CME Group, which said the tax would be self-defeating because it would “drive trading overseas or […]

Groupon offers refunds after flower deal disappoints

 Groupon was again in the hot seat Sunday after a deal on flowers disappointed some consumers, according to an Associated Press report in the Chicago Tribune.  Some customers who bought the deal, for $20 off a purchase of $40 or more from the Downers Grove-based flower company FTD Group Inc., found that the flowers they […]

Proposed federal budget curbs SBA funding

President Barack Obama’s proposed $3.7 trillion budget allocates fewer dollars for small business spending, CNNMoney reported. While stimulus programs bolstered small business lending in 2010, look for a return to more modest appropriations for the U.S. Small Business Administration and its network of Small Business Development Centers, the article said. The fiscal 2012 proposal includes […]

Amazon.com closes Dallas warehouse over use-tax dispute

Amazon.com reportedly plans to close a Dallas distribution center due to a disagreement with the state of Texas over millions of dollars in sales taxes, according to an Associated Press report in the Chicago Sun-Times. According to the report, the Texas comptroller’s office contends Amazon.com owes $269 million in uncollected sales tax because its warehouse gives […]

Go ahead, make home your workplace

In a campaign to encourage telecommuting, TeleworkExchange.com has declared the week of Feb. 14 Telework Week. More than 37,000 workers have pledged to work from home during the week. Doing so will save $2.6 million and 3.4 million pounds of pollutants. Working from home also has been linked to workforce productivity, operational efficiencies, sustainability, worker […]