Archive for December 19th, 2008
SEC Approves XBRL Reporting Format for Financial Statements
By David Feldman at 19 December, 2008, 12:59 pm
On December 17, 2008, the U.S. Securities and Exchange Commission finalized its mandate for public companies to report financial statements using XBRL format. In May 2008, the SEC first proposed the use of XBRL to be effective as of June 2009 for the largest public companies and 2011 for other public companies. The first organizations [...]
Read More >>A Bright Spot for the Economy - Smaller Businesses’ E-Commerce
By David Feldman at 19 December, 2008, 4:12 am
No doubt you’ve heard countless reports regarding online retail sales, however one sector of the industry has not garnered the same amount of press as the traditional Fortune 500 companies: small businesses. Considering that the long-tail makes up a considerable portion of the economic well-being, I thought this was an important statistic to follow. Thankfully the Holiday Season has been positive for small to medium sized companies. Network Solutions announced today that its e-commerce customers saw a collective 10% year-over-year increase in sales on Cyber Monday, the highly anticipated start of online holiday shopping. While retailers across the country reported slow same-store sales, smaller online entrepreneurs enjoyed a jump in holiday sales this year, with more consumers shopping online in greater numbers.
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