Mac's Antique Auto Parts was decimated in 2016, four years after the source of antique Ford Motor Co. parts was acquired by a Florida company. The new owner moved much of the operation to the Sunshine State, leaving only 30 employees behind, in a four-year lease. Now its longtime warehouse and distribution facility in the Town of Pendleton – much of which is empty – has a new owner with an entrepreneurial history, who plans to get a new tenant to reoccupy the vacant space. Scott M. Cassety – along with his wife, Bridgette – teamed up with Mark Barberio's Alanja Properties to buy the 65,133-square-foot facility at 6150 Donner Road. The buyers, through 6150 Donner LLC, paid $2.26 million to Dimax LLC, controlled by Richard A. MacIntosh, the longtime former owner, president and CEO of Mac's Antique Auto Parts. MacIntosh had sought for over a year to sell the building through Tudor Collins Commercial Real Estate before the brokers reached out to Cassety. According … [Read more...] about Mac’s Antique Auto Parts building in Pendleton sold
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It’s no secret that your personal data is routinely bought and sold by dozens, possibly hundreds, of companies. What’s less known is who those companies are, and what exactly they do. Thanks to a new Vermont law requiring companies that buy and sell third-party personal data to register with the state, we’ve been able to assemble a list of over 100 data brokers operating in the U.S. It’s a rare, rough glimpse into a bustling economy that operates largely in the shadows, and often with few rules. Even Vermont’s first-of-its-kind law, which went into effect last month, is limited in scope: It doesn’t require data brokers to disclose who’s in their databases, what data they collect, or who buys it. Nor does it require brokers to give consumers access to their own data or opt out of data collection. Brokers are, however required to provide some information about their opt-out systems under the law–assuming they provide one. If you do want … [Read more...] about Here are the data brokers quietly buying and selling your personal information
Adobe Stock Draper-based Nav just secured $44 million in new funding and is continuing to expand its mission of helping businesses navigate the world of credit and finance using tools driven by artificial intelligence and machine learning. DRAPER — Navigating the world of credit and borrowing is a huge challenge, particularly for small businesses. Nav is a 7-year-old Utah company dedicated to aiding small businesses in that journey, utilizing a bevy of high-tech data analysis tools. This week, the company announced a $44 million Series C funding round led by investment banking giant Goldman Sachs. The company said the new capital will help accelerate both its product development and market growth efforts. Nav President Gregg Ott told the Deseret News that, unlike the limited number of loan categories that consumers typically are pursuing, the suite of loan types and financing categories for small businesses are both numerous and come with a panoply of requirements that can … [Read more...] about Small business credit startup Nav scoops $44 million in fresh funding
AI is coming to your financial institution, to make trading algorithms more reliable, lower fees and personalize financial products. Toby Nwazor Published 11:30 am CST, Friday, February 8, 2019 Photo: Metamorworks | Getty Images Photo: Metamorworks | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Metamorworks | Getty Images Artificial Intelligence Is Changing Banking and Wall Street. Here's What to Expect in 2019. 1 / 1 Back to Gallery New technologies have enabled tremendous evolution in the finance industry, especially over the past decade. Thanks to machine learning and artificial intelligence (AI), investors and consumers are getting access to more innovative … [Read more...] about Artificial Intelligence Is Changing Banking and Wall Street. Here’s What to Expect in 2019.
Vietnamese goods campaign promote local firms’ development A trade promotion fair to connect firms in Hà Nội and other localities. — Photo kinhtedothi.vn A campaign urging local people to buy “Made-in-Viet Nam” products has helped develop businesses across the country. The Vietnamese people using Vietnamese goods campaign has played a key role in helping local enterprises, a conference held in Hà Nội on Tuesday heard. “The campaign should not be a slogan but aim to conquer Vietnamese consumers,” said deputy minister of Industry and Trade Đỗ Thắng Hải. Trương Thị Ngọc Ánh, vice chairwoman of the Việt Nam Fatherland Front Central Committee, said all of localities nationwide had worked to implement the idea. More than 100 trade promotion conferences were held last year and more than 2,000 programmes were organised to bring Vietnamese goods to rural areas. “Local … [Read more...] about BUSINESS NEWS IN BRIEF 17/1