Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Small Business News for April

Details

  • Description

    Monthly news: President Obama signs into law the JOBS Act and Facebook buys the startup Instagram

  • Duration 2:05
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

President Obama signed the jobs act into law.

FaceBook buys the start up in -- program.

And in advertising in the US.

Had a record 31 billion dollars in 2011.

I'm Christina Scotty and these are some of the headlines in the small business news report.

For the month of April -- early in April President Obama signed a jobs act until lot.

Which makes it easier for -- -- to raise capital by loosening accounting rules -- start ups.

I called on congress to move a number of barriers that were preventing -- not Norstrom -- fund.

And this is one useful and important step along that -- -- jobs act which passed with support from both Democrats and Republicans.

Was a rare example of bipartisan cooperation.

In Washington.

And the pressing need for job creation was underscored by that disappointing march jobs report.

The US economy only added a 120000.

Jobs.

Showing a big slowdown in hiring from February.

When 240000.

-- rabbit.

We also got news that the unemployment rate did drop.

From eight point 3% to eight point 2% in March and fortunately it was not because more people and employment.

But because -- 133000.

People stop looking.

And in April FaceBook agreed to pay a one billion dollars in cash.

To -- start -- instant Graham.

Which itself has thirty million users.

This was the first time FaceBook had bought a business or product.

With so many -- in users and revenue from Internet advertising in the US hit a record 31 billion dollars in 2011.

This is good news for companies like -- -- Yahoo! at -- Google and small businesses that wanna take advantage of a lot of REIT exposure.

That's it for the news this month in New York I'm Christina Scott it.

Load More