Category: 3. Business

  • Fannie Mae Connecticut Avenue Securities Receive NAIC Designations for the 2025 Filing Year

    Fannie Mae Connecticut Avenue Securities Receive NAIC Designations for the 2025 Filing Year

    Fannie Mae’s Connecticut Avenue Securities® (CAS) direct debt transactions and CAS REMIC® transactions received designations from the National Association of Insurance Commissioners (NAIC) for the 2025 filing year. Overall, of the 97 CAS Offered Notes that were reviewed, 97% achieved an NAIC 1 Designation and 3% received an NAIC 2 Designation. Seventeen bonds received an upgrade from the 2024 Designations.

    The NAIC Designations are available here and are also posted on our website.

    For questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 3 or by e-mail.

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  • Resident input wanted for Heritage Designation Strategy in Kawartha Lakes

    The City of Kawartha Lakes is developing a new heritage designation strategy to help guide its protection of built heritage assets across the municipality.

    Kawartha Lakes, and its predecessor municipalities, have protected properties through heritage designation under the Ontario Heritage Act since the Act was passed in 1975. There are over 120 individually designated heritage properties in the municipality, which represent just a small number of the important historic structures and locations. These buildings and places help tell our story, are points of pride for residents, and attract visitors to the region.

    Over the past five years, the provincial government has made a significant number of changes to how we protect heritage properties and has recommended that municipalities complete strategies for how they designate properties. Kawartha Lakes is currently in the process of creating a strategy to help guide how we identify and protect the properties that are important to our residents, while also fulfilling our legislative obligations.

    We are looking for resident input on this strategy and there are three ways to get involved:

    • Visit our Jump In page to learn more about the project, keep up to date on milestones, and complete our public survey.
    • Complete a paper survey at one of our municipal service centres or at our Development Service Hub at 180 Kent Street West in Lindsay.
    • Attend one of our public information sessions to learn more about the project from staff and to provide your input.
      • January 21, 2026 at the Fenelon Falls Library (19 Market Street), 4pm to 6pm
      • January 22, 2026 at Lindsay City Hall (26 Francis Street), 6pm to 8pm

    The public survey closes on January 29, 2026.

    For further information on the new Heritage Designation Strategy, please visit the Kawartha Lakes website or contact Emily Turner, Economic Development Officer – Heritage Planning. To stay up to date on Economic Development news, visit the Facebook page.

    – 30 –

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  • US Department of Labor announces availability of $145M in funding to support performance-based Registered Apprenticeship expansion – U.S. Department of Labor (.gov)

    1. US Department of Labor announces availability of $145M in funding to support performance-based Registered Apprenticeship expansion  U.S. Department of Labor (.gov)
    2. DOL Offers $98 Million to Expand Youth Pre-Apprenticeship Programs  ohsonline.com
    3. U.S. Labor Department opens $98m fund for youth pre-apprenticeships with AI literacy requirement  EdTech Innovation Hub
    4. U.S. Labor Department Announces $98M YouthBuild Funding for Workforce Training  Construction Owners Club
    5. U.S. Labor Department Launches $35.8M Manufacturing Apprenticeship Fund  Thomasnet

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  • Tax revenues robust in 2025 and sustained investment in public services and infrastructure – Tánaiste Simon Harris & Minister Jack Chambers

    • Tax revenues in 2025 amounted to €105.7 billion, up by €8.6 billion (8.9 per cent), on 2024.
    • Of this:
      • Income tax receipts amounted to €36.6 billion, up by €1.5 billion (4.3 per cent);
      • Corporation tax receipts of €32.9 billion are up by €4.8 billion (17.2 per cent);
      • VAT receipts of €22.9 billion were €1.1 billion (5.1 per cent) higher.
    • Total gross voted expenditure amounted to €109.4 billion, €5.7 billion (5.5 per cent) ahead of 2024 and €0.6 billion (0.5 per cent) behind profile.
    • An (underlying) Exchequer surplus of €3.8 billion was recorded last year.

    An underlying Exchequer surplus of €3.8 billion was recorded last year.

    On the revenue side total underlying tax receipts amounted to €105.7 billion in 2025, an €8.6 billion (8.9 per cent) increase on 2024.

    In terms of direct taxes income tax receipts of €36.6 billion are up on the previous year by €1.5 billion (4.3 per cent) reflecting the strength of labour market. Corporation tax receipts amounted to €32.9 billion last year, €4.8 billion (17.2 per cent) ahead of 2024.

    In terms of indirect taxes, VAT receipts for the year amounted to €22.9 billion, €1.1 billion (5.1 per cent) higher than 2024, demonstrating the resilience in consumption. Excise receipts were €6.5 billion, up by €0.2 billion (3.0 per cent).

    Non-tax revenue in 2025 was €3.5 billion, up by €1.9 billion on 2024, largely driven by transfers to the Exchequer arising from the CJEU judgement (mainly interest payments).

    Total gross voted expenditure amounted to €109.4 billion, €5.7 billion (5.5 per cent) ahead of 2024 and €0.6 billion (0.5 per cent) behind profile.

    In terms of the bottom line, an underlying Exchequer surplus of €3.8 billion was recorded in the year, an improvement of €2.0 billion on the previous year (the headline surplus was €7.1 billion).

    Tánaiste and Minister for Finance, Simon Harris T.D. said:

    The Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation, Jack Chambers T.D. said:

    ENDS

    Notes to editors:

    Unless stated, all figures in this press release exclude the impact of the Court of Justice of the European Union (CJEU) ruling of September last year.

    In 2025 €3.3 billion was received (€1.7 billion in corporation tax receipts and €1.6 billion in non-tax revenues) in the first half of the year.

    Fiscal Monitor December 2025

    Analytical Exchequer Statement December 2025

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  • New York Stock Exchange Partners with America250 to Mark America’s 250th Anniversary

    WASHINGTON, D.C. (January 5, 2026) — America250, the nonpartisan organization charged by Congress to lead the commemoration of the signing of the Declaration of Independence, today announced a partnership with the New York Stock Exchange (NYSE) to support nationwide programs and initiatives that reflect on America’s economic history, civic values, and future aspirations ahead of the nation’s 250th anniversary on July 4, 2026.

    For more than two centuries, the New York Stock Exchange — the world’s largest stock exchange — has grown up alongside our nation, with our markets and country evolving together since George Washington was sworn in as our first President at Federal Hall on Wall Street, the site of America’s first capital.

    As the nation stands on the cusp of its 250th anniversary, this partnership will highlight the role of entrepreneurship, free markets, and innovation in shaping the American story — while inspiring future generations to participate in the nation’s economic and civic life.

    “America250 is honored to partner with the New York Stock Exchange, an institution that reflects the dynamism and enduring strength of the American economy,” said Rosie Rios, Chair of America250. “This partnership will help us tell a more complete story of our nation — one that recognizes how economic participation and innovation have empowered generations of Americans and will continue to shape the next 250 years.”

    As part of the collaboration, NYSE will support America250 initiatives that elevate financial literacy, spotlight American companies and workers, and connect historical reflection with forward-looking conversations about economic opportunity.

    “For nearly two and a half centuries, the New York Stock Exchange has played a central role in America’s growth, prosperity and evolution,” said Lynn Martin, President, NYSE Group. “As we approach this historic milestone, we are proud to partner with America250 to celebrate the principles that have powered the world’s most dynamic economy — opportunity, resilience and a commitment to innovation — and continue to define our nation.”

    The partnership will culminate in NYSE’s participation in major America250 milestones and events throughout 2026, offering Americans meaningful opportunities to reflect on the nation’s past and envision its future.

    About America250 America250’s mission is to celebrate and commemorate the 250th anniversary of the signing of the Declaration of Independence, marking America’s Semiquincentennial. We aim to inspire our fellow Americans to reflect on our past, strengthen our love of country, and renew our commitment to the ideals of democracy through programs that educate, engage, and unite us as a nation. America250 will foster shared experiences that spark imagination, showcase the rich tapestry of our American stories, inspire service in our communities, honor the enduring strength, and celebrate the resilience of the United States of America.

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  • Kensington Palace declines to comment as Princess Kate caught in AI scandal

    Kensington Palace declines to comment as Princess Kate caught in AI scandal

    Prince William and Princess Kate’s office refuses to comment on the latest scandal

    Prince William and Princess Kate’s office is keeping mum about a new AI scandal.

    According to reports, images falsely depicting the Princess of Wales in minimal clothing were generated using Grok, an artificial intelligence chatbot connected to Elon Musk’s social media platform X, prompting regulatory scrutiny in the UK.

    The controversy erupted after users discovered the AI tool could be prompted to manipulate real, publicly available photographs to produce realistic-looking images of women appearing undressed or placed in sexualised scenarios. Catherine is reportedly among thousands of women and children affected, intensifying concerns about the growing misuse of artificial intelligence.

    UK media regulator Ofcom has since confirmed it is assessing whether the platform is complying with online safety laws. An Ofcom spokesperson said the watchdog had made “urgent contact” with X and its AI arm, xAI. 

    “Tackling illegal online harm and protecting children remain urgent priorities for Ofcom,” the spokesperson said. “We are aware of serious concerns raised about a feature on Grok on X that produces undressed images of people and sexualised images of children.”

    “Based on their response, we will undertake a swift assessment to determine whether there are potential compliance issues that warrant investigation,” the statement added.

    Kensington Palace declined to comment when approached, per Express UK


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  • EY renews lease on London headquarters | EY

    EY renews lease on London headquarters | EY

    EY has renewed the lease of its One More London Place headquarters until 2040, marking the firm’s continued investment in London as a place to do business.

    One More London Place (1MLP) is the UK and Global headquarters of EY and home to more than 8,000 people. The lease on the building was due to expire in 2028 and has been renewed due to its unique proposition, with a prime location and excellent transport links.

    EY has 20 offices across the UK, with a second London-based office in 25 Churchill Place in Canary Wharf, where its UK Financial Services business is predominantly based.

    Anna Anthony, EY UK & Ireland Regional Managing Partner, said: “Extending the lease on this iconic building marks our continued investment in London and confidence in the capital as a place to do business. We are retaining a fantastic building, in a prime location, which will continue to provide a great place to work for our people.” 

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  • Delta CIO Rahul Samant to retire after leading technology transformation

    Delta CIO Rahul Samant to retire after leading technology transformation

    Amala Duggirala will join Delta as Chief Digital & Technology Officer, taking responsibility for a combined technology and digital function.

    Delta CEO Ed Bastian sent the following memo to employees, announcing the retirement of Rahul Samant, E.V.P. and Chief Information Officer, after 10 years of service. He also announced Amala Duggirala will join the airline as its new Chief Digital & Technology Officer.

    Rahul Samant retirement

    After a decade leading our technology transformation as E.V.P. and Chief Information Officer, Rahul Samant informed me a few months ago of his plans to retire from Delta, effective March 1.

    During his years of service, Rahul focused on delivering secure and reliable IT services across the company, fostering a culture of innovation, and developing the next generation of technology leaders. He has overseen significant improvements in the reliability and resiliency of Delta’s vast technology environment, while delivering new data and analytics capabilities in our customer and front-line employee facing technology.

    Rahul’s accomplishments include migrating Delta’s systems and data to the cloud, developing a new Data Center, and establishing a world-class information security team. Rahul also oversaw the launch of Delta’s AI journey, with the beta rollout of Delta Concierge and optimizing AI to support our operation, among other initiatives.

     Most importantly, Rahul always strived to elevate and foster Delta’s unique people-focused culture. Thanks to his service, Delta today is a global leader in technology and innovation and is well-positioned for the years ahead.

    With Rahul’s departure, Amala Duggirala will be joining Delta as our Chief Digital & Technology Officer, taking responsibility for a combined technology and digital function.

     Amala, who most recently served as E.V.P. and Chief Information Officer at USAA, has led digital transformations for major brands including Regions Bank and ACI Worldwide. She is known for her strategic, long-term thinking as well as the depth of her technical expertise.

     Amala shares Delta’s core values of always putting people first, understanding that the true value of innovation comes from empowering our people.

     Like most of us, Amala is an enthusiastic traveler who loves trekking historic sites. She will be relocating to Atlanta with her husband and mother. Her first day will be Jan. 12.

     Amala will report directly to me and will be a member of the Delta Leadership Committee. Eric Phillips, S.V.P. and Chief Digital Officer, will report to Amala as she oversees our technology and digital efforts. Unifying our commercial digital products with our enterprise technology foundation will help us accelerate our journey as a technology-driven consumer brand.

     Please join me in thanking Rahul for his decade of service to Delta, and in welcoming Amala to the team. As we begin our next century of flight together, I’m confident that our best years lie ahead, thanks to our deep bench of leadership talent and – most important of all – the skill and dedication of our 100,000 people worldwide.

    Ed

    © 2026 Delta Air Lines, Inc.

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  • NRC Greenlights Constellation’s $167 Million Digital Modernization Plan for Limerick Clean Energy Center; State-of-the-Art Technology Upgrades Will Enhance Reliability, Diagnostic Capability and Cyber Resilience

    NRC Greenlights Constellation’s $167 Million Digital Modernization Plan for Limerick Clean Energy Center; State-of-the-Art Technology Upgrades Will Enhance Reliability, Diagnostic Capability and Cyber Resilience

    BALTIMORE (Jan. 6, 2026) — Constellation (CEG: Nasdaq) today announced the U.S. Nuclear Regulatory Commission (NRC) has approved a License Amendment Request for the Limerick Clean Energy Center’s Digital Modernization Project, a first‑of‑its‑kind upgrade across major control and protection systems that will enhance reliability, diagnostic capability and cyber resilience at one of the nation’s top-rated nuclear facilities. This approval comes at a critical time as Constellation works to preserve and expand nuclear generation in Pennsylvania.

    The Digital Modernization Project replaces select analog instrumentation and control equipment with state‑of‑the‑art digital platforms designed to improve equipment monitoring, provide a broader range of automation and support additional operational flexibility with enhanced reliability. These upgrades will help Limerick deliver around‑the‑clock, carbon‑free electricity to power homes, businesses and new data‑driven industries that are creating jobs in the region. This is the first large-scale demonstration of a digital safety system upgrade at an operating U.S. nuclear plant, supported by the U.S. Department of Energy’s (DOE’s) Light Water Reactor Sustainability Program.

    “Every dollar we invest to enhance and modernize the nation’s largest nuclear fleet will pay dividends for American families and businesses by creating jobs, keeping costs down, improving reliability and adding much-needed capacity to fuel economic growth,” said Joe Dominguez, President and CEO of Constellation. “With continued support from the Department of Energy, we are investing in our workforce and new state-of-the-art technologies to power the future.”

    “This project spotlights how important the ongoing operation of our current nuclear reactor fleet is to our country’s energy security” said Assistant Secretary for Nuclear Energy Ted Garrish. “Upgrading nuclear power plants with advanced digital systems will help ensure that Americans continue to have access to affordable and abundant energy today and in the future.”

    The Digital Modernization Project installation will be done in phases and carefully managed to ensure safety and operational continuity. Physical installation of the digital control rooms is planned to occur during upcoming refueling outages. During these scheduled outages, Limerick will welcome thousands of additional skilled craft workers to support the work, providing a boost to the local economy through a surge in spending on lodging, dining and services.

    Located along the Schuylkill River in Montgomery County, Pennsylvania (about 35 miles northwest of Philadelphia), Limerick’s two nuclear units provide up to 2,317 megawatts of reliable, carbon‑free electricity, enough to power more than 1.7 million homes. The station supports local jobs and economic activity, while contributing to regional clean‑energy goals.

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  • Top small business ideas for 2026: Start & succeed

    Top small business ideas for 2026: Start & succeed

    What are the best businesses to start in 2026?

    Small business owners are heading into a year of nonstop change. New tech, shifting workforce expectations, and evolving customer behavior are rewriting the rules. Supply chain disruptions have exposed real gaps, pushing more businesses toward local sourcing, sustainability, and circular models.

    AI is no longer a “big business” advantage; it’s becoming table stakes. Companies of every size are using it to work faster, market smarter, and serve customers better. That shift is opening the door for consultants and service providers who can help businesses get it right.

    Customers are changing too. Gen Z and Gen Alpha are gaining buying power, and they expect authenticity, transparency, and shared values. They discover brands on social media, not through traditional ads, and they support businesses that build real communities.

    In 2026, the winners won’t be the biggest; they’ll be the most focused. The small businesses that thrive will solve real problems, save people time or money, and serve a clear niche better than others.

    With these trends in mind, here are some strong business ideas for starting your own business in 2026.

    Wellness business ideas

    Wellness is a top priority for today’s consumers, with U.S. spending exceeding $500 billion annually. Younger generations are driving much of this growth, creating strong opportunities for small business owners to enter or expand into the wellness space.

    Here are several wellness business ideas well-suited for small businesses:

    1. Clean beauty products: Growing demand for safe, non-toxic, ingredient-transparent products.
    2. Health coaching: Personalized diet and lifestyle guidance offered in person or online.
    3. Mobile pet grooming: A convenient, in-home service that supports pet health and hygiene.
    4. Personal training: Fitness coaching that goes beyond workouts to include nutrition and lifestyle support.
    5. Massage therapy: Increasingly popular for stress relief and holistic wellness.
    6. Sleep consulting: Helping families establish healthy sleep routines for children.
    7. Yoga and meditation: Classes focused on stress reduction, mental health, and balance.
    8. Medical supply business: Rising demand driven by an aging population.

    Each of these ideas meets real consumer needs while offering flexible, scalable options for small business owners.

    Digital technology-focused businesses

    Digital and technology services remain in high demand as businesses work to stay competitive. Customers now expect smooth online experiences, personalized communication, and seamless transitions between digital and in-person interactions. To meet these expectations, many businesses need help integrating systems and managing technology effectively.

    Spending on AI, cybersecurity, and cloud services is expected to grow in 2026, as these tools are increasingly seen as essential, not optional, for security, efficiency, and growth. This creates strong opportunities for skilled service providers.

    Here are several digital and technology business ideas well-suited for small businesses:

    1. AI consulting: Helping businesses adopt AI to improve efficiency, decision-making, and customer experience.
    2. Cloud modernization services: Updating and optimizing existing cloud systems to better support business needs.
    3. Digital marketing consultant: Using digital channels to attract, engage, and retain customers.
    4. Managed IT and cybersecurity services: Providing ongoing IT support, security monitoring, and scalable solutions.
    5. Web and software development: Building custom websites, apps, and tools tailored to specific business processes.

    These service-based businesses offer high demand, recurring revenue potential, and strong growth opportunities for small business owners.

    Sustainable business ideas

    Sustainability is no longer optional; it’s an expectation. Businesses that prioritize transparency, ethical practices, and sustainability are better positioned to attract both customers and employees who share those values.

    Here are a few sustainability-focused business ideas for small business owners:

    1. Sustainable clothing boutique: Featuring local designers and curated vintage pieces as an alternative to fast fashion.
    2. Eco-friendly dry cleaning: Using non-toxic, environmentally safe cleaning methods instead of traditional chemicals.
    3. Sustainable landscaping: Offering water-efficient, low-maintenance landscaping solutions that support soil health and conservation.

    These ideas allow small businesses to meet growing demand while making a positive environmental impact.

    Food and drink business ideas

    Food and drink trends in 2026 are being shaped by global flavors, hyper-regional cuisine, health-focused menus, and nostalgic comfort foods. At the same time, customers are looking for more than just a meal, they want memorable, shareable experiences.

    Successful food businesses are leaning into immersive, social-media-friendly concepts while creating community-focused “third spaces” where people can gather, connect, and return regularly.

    1. Bakery
    2. Bookstore café
    3. Coffee and vinyl shop
    4. NoLo (no and low alcohol) liquor store or bar
    5. Personal chef
    6. Supper club

    Business ideas for creatives

    Below are some ideas for creative professionals, whether your skill is content creation, design, or photography, there are lots of options for turning your passion into a business:

    1. Bridal stylist
    2. Event planner
    3. Graphic designer
    4. Hairstylist
    5. Influencer/Digital creator
    6. Interior design
    7. Photography
    8. Video production

    Businesses to start with little or no money

    Starting a business doesn’t always require startup funds. For example, service-based businesses can be started with little capital, especially if you work from home. Consider the following:

    1. Bookkeeper
    2. Business consultant
    3. Dropshipping
    4. Freelance writing
    5. Online tutoring
    6. Print on demand
    7. Senior concierge
    8. Virtual assistant

    Passive income

    Passive income is money that can be generated without effort. It can take time to establish this business model successfully; however, once you have passed the startup phase, you can generate recurring revenue with minimal effort. Below are some passive income ideas:

    1. Airbnb or short-term rental
    2. Self-storage
    3. Vending machines

    Home services

    Homeowners are always on the lookout for trusted contractors who can help them maintain, repair, and upgrade their property. Once established, you can continue to build your business through referrals and repeat customers. Here are some ideas:

    1. Cleaning company
    2. Handyman or contractor
    3. Home automation
    4. Painting contractor
    5. Plumbing

    Physically active jobs

    If you don’t want to be tied to a desk all day, these businesses are some possible options:

    1. Delivery company
    2. Pet sitting and walking
    3. Moving company

    Time-tested business ideas

    To close out our list, here are some business ideas that have been tested over the years and remain in high demand:

    1. Auto repair
    2. Car wash
    3. Childcare
    4. Franchise business
    5. Laundromat
    6. Property management
    7. Real estate
    8. Trucking

    What makes a good small business idea?

    A strong business idea solves a real problem, offers clear value, can be profitable, and is realistic given your time, budget, and skills. The most successful small businesses focus on everyday needs and challenges people have.

    Before moving forward, research your idea. Define your target customer, understand your industry, and study your competitors to identify opportunities and gaps in the market.

    Finally, consider the current economy. Pay attention to where consumers are spending, or cutting back, and be ready to adjust your offering or messaging. Even in slower economic periods, adaptable businesses can find new opportunities.

    How do you start your own business with no money?

    Starting a business with little or no money can be challenging, but it’s possible with the right approach. Many low-cost and free resources – such as online courses, tools, and small business support programs – can help you get started without a large upfront investment.

    Focus on business ideas with low startup costs that leverage your existing skills and experience. Do basic market research to understand your target customers, their needs, and the competitive landscape. Create a simple business plan that outlines what you offer, how you’ll operate, and how you plan to grow.

    Finally, explore financing options like microloans, crowdfunding, and small business grants, and make sure you understand the legal requirements for starting and running your business.

    Read How to start a business with little or no startup money to learn more.

    Should I form an LLC for my new business?

    There’s no single “right” time to form an LLC or incorporate, but certain situations make it smart to do it sooner rather than later, including:

    • Entering into contracts
    • Defining ownership or partner roles
    • Limiting personal liability
    • Hiring employees
    • Applying for loans or financing
    • Raising capital
    • Protecting intellectual property
    • Building credibility with customers and partners

    Forming a legal business entity can provide structure, protection, and confidence as your business grows.

    For more information, see When to incorporate or form an LLC.

    Are you ready to start your own business?

    BizFilings is dedicated to starting a business easier so you can focus on doing what you love. For more information, check out our Incorporation Wizard or contact us today.

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