Today's news for the franchise & small biz owner

John Barone looks at increased corn supply in his latest Commodities Watch column

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The restaurant industry is fascinating and complex. Just walking through the NRA show floor proves it.

• Reporter's Notebook

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Apart from the recent success of Tesla Motors, the electric vehicle sector has been one of the biggest duds in clean tech. It's all part of green energy's mid-life crisis.

Calkain Companies recently sold a single tenant net-leased Chevys, a national restaurant concept. Chevys uses a "Fresh Mex" pledge, which underscores the company's promise that all products are made daily from scratch.

The purchaser was a private investor seeking a passive, incoming-producing asset. The restaurant is located in a dense, upscale retail area of Annapolis, Maryland, with proximity to Chesapeake Bay and Fort Meade.

Betty Learned Friant, vice president at Calkain Companies, brokered the sale with an 8.9 percent cap rate.

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Tony Moralejo replaces Pedro Voyer Tony Moralejo replaces Pedro Voyer

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What Fairfield Inn & Suites Is Doing Right Moving Into The Next Phase.

Have you ever dreamed of becoming a mega-millionaire with your next business idea? It’s a reality for 26-year-old David Karp. The founder of Tumblr, the popular social blogging platform, has become the latest tech tycoon almost overnight.

Today Yahoo officially announced plans to purchase the site Karp started at age 21 out of his mother’s Manhattan apartment. The Daily Mail has Karp’s story as a high school dropout who taught himself HTML. Karp then started his own computer consulting company before launching his incredibly popular platform.

Yahoo’s board of directors recently approved a $1.1 billion cash purchase price for Tumblr, according to a report from AllThingsD.com. In an official announcement, the companies said Tumblr would continue to operate as a separate business with CEO Karp at the helm.

Tumblr, a blogging platform that has following, sharing and other social features, gives Yahoo a stake in the social networking world, The New York Times observes. The platform also provides a source of user-generated content Yahoo management believes the company needs. How Yahoo would integrate Tumblr content into its current model remains to be seen.

Initially, the two companies will work to create advertising opportunities that are “seamless” and “enhance the user experience.” But a joint announcement was not specific about what kinds of advertising opportunities these might be.

Tumblr boasts 300 million monthly unique visitors and 120,000 signups every day, 900 posts per second and 24 billion minutes spent on site each month. The two companies state in their joint release that this makes Tumblr one of the fastest growing media networks in the world.

Even Small Business Trends has a Tumblr presence.

The announcement said the deal is subject to the customary conditions and will close in the second half of the year.

Photo Source: Davids Log

The post $1 Billion Tumblr Deal Turns 26-Year-Old Founder into Mega-Millionaire appeared first on Small Business Trends.

When I tasted my first spiedie in Bed Stuy , the little sandwich was a long way from home.

Revel Systems, a creator of iPad point-of-sale (POS) solutions for restaurant, grocery, and retail business establishments, announced Revel 2.0.

The updated version touts several new user features with a strong focus on security updates to build out its merchant protection suite, including the first-ever photo confirmation anti-identity theft protection built directly into the POS.

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At this year's National Restaurant Association Show, digital signage solutions provider ViewSonic Corp., in collaboration with Popstar Networks, Shuttle Computer and Premier Mounts, will showcase an …

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Men can add more style and elegance to their formal wear with the all-new cufflinks designs Wholesale Fashion Supplies has added to its catalogue.

(PRWeb May 15, 2013)

Read the full story at http://www.prweb.com/releases/2013/5/prweb10738556.htm

As newly elected Vice President of Georgia Bar Real Property Law Section, Bouhan Falligant attorney Robert Brannen will be hosting the annual Law Institute in Savannah, Georgia in 2014.

(PRWeb May 15, 2013)

Read the full story at http://www.prweb.com/releases/2013/5/prweb10737287.htm

Vistank.com followed the launch of its new website with a bilingual iPhone app that allows users to identifying business opportunities in real-time, stay connected to investors on-the-go, and share...

(PRWeb May 15, 2013)

Read the full story at http://www.prweb.com/releases/vistank/iphoneapp/prweb10677197.htm

Find the best burgers in Frederick County Maryland at Foster's Grille of Urbana, known for its Chargrilled taste, fresh cut fries and hand scooped thick milk shakes, this restaurant will please...

(PRWeb May 15, 2013)

Read the full story at http://www.prweb.com/releases/2013/5/prweb10713862.htm

On this on demand and downloadable episode, Editor-In-Chief Glenn Haussman is in Washington D.C. moderating a panel at the AHLA’s Legislative ...

Best Western International, AAA and U.S. Travel Association executives share summer travel outlook and trends.

Quaker Steak & Lube is unleashing the Ultimate Rider Giveaway in conjunction with its “Best Weekly Bike Nite on the Planet”.

Through September 30, 2013, guests and fans can sign up for The Lube’s online sweepstakes. 

The Lube will be giving away three grand prizes throughout the Bike Nite season, including a trip for two to the 2013 Sturgis Bike Rally, a new Touring Motorcycle, and a trip for two to the 2014 Daytona Bike Rally.

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U.S. Travel Applauds Senators Hirono, Hatch and Lee for Offering Measure to Make Hong Kong Eligible for Visa-Free Travel.

Days and Ramada Brands to be represented at Zhongshan Park.

Starwood Hiring New Associates to Meet Growing Demand & Continue Leading the Industry in Customer Service.