Amid a backlash against foreign investors, some executives are banned from leaving the country
The Camry, last overhauled for the 2011 model year, just got another face-lift
Laws require companies to pay state taxes on sheltered profits
Financial filings reveal the pay package Henrique de Castro received upon exit from the company.
Wal-Mart's new money transfers shows how the retailer can use its reach to push down costs
Skipping Rocks Lab develops a green alternative to all that plastic
Alessandro Borgognone wooed Japanese chef Daisuke Nakazawa to open the four-star New York eatery
Administrators quashed their food delivery service. Now they're focusing on other colleges
Prices are low, but there’s plenty of red tape
Nathaniel Stevens, 25
New York, N.Y.
In 2005, Wharton undergraduate Nathaniel Stevens launched an advertising services business that helps local businesses bolster their advertising presence online. Clients pay Yodle whenever a customer calls the company after seeing the company's online ad (positioned and search engine optimized by Yodle.) The company received a round of venture financing in November 2006. Last October, Yodle had 55 employees and hoped to have 1,000 customers by the end of 2007.
More expansion: In November 2007, Stevens' company landed a $12 million round of additional venture funding. Now the company is on track for over $20 million in revenue in 2008, up from about $3 million the previous year, says Stevens. "More inspiring is that we're in a downward economy here, and even with that the business has been quite resilient," says Stevens. At the same time, the employee base has more than tripled over the last year, growing to 175 in August, up from 55 the previous year. The company is now partnering with MSN and Yahoo Local.