Dropping Health Insurance, Facebook’s Small Business Ads, Complaints on E-Verify: July 26

Illustration by André da Loba

WellPoint Chief Financial Officer Wayne DeVeydt says many small businesses are scaling back health benefits before the next phase of Obamacare takes effect on Oct. 1, reports Alex Nussbaum. [Bloomberg News]

Small business advertising helped push Facebook to better-than-expected quarterly earnings, writes Abby Ellin. [ABC News]

Some small businesses say the federal government’s E-Verify program is making it difficult to hire. [Wall Street Journal]

About half of Ireland’s small business loans won’t be repaid in full, writes Joe Brennan. Ireland’s economy was among the hardest-hit by the European credit crisis. [Bloomberg News]

Retired NBA player Jonathan Bender is starting a second career as an entrepreneur—he’s selling a device designed to relieve hip and knee pain (video). [Fox Business]

See something we missed? Share the most compelling stories about small business and entrepreneurship by tagging them with #SmallBizReads on Twitter.

Before it's here, it's on the Bloomberg Terminal.