Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car […]
Tag: business
Pier 1 Imports to wind down its business after not finding a buyer
Home goods retailer Pier 1 Imports said Tuesday it is seeking bankruptcy court approval to wind down its business entirely after it was not able […]
Trump administration weighs suspending program for foreign students, prompting backlash from business, tech
WASHINGTON — At the direction of the White House, the Department of Homeland Security has sent recommendations for further restricting legal immigration during the COVID-19 […]
Coronavirus pandemic could force a major U.S. airline out of business, says Boeing CEO
The airline industry is having an “apocalyptic” moment that could force a major U.S. carrier out of business, said David Calhoun, president and CEO of […]
As states begin to reopen, business owners cautiously welcome easing of coronavirus restrictions
Many states began reopening their economies Friday, allowing more people to get back to work and giving them more opportunities to get out of their […]
Private haven for wealthy received $2M from small business loan program
A housing association representing the richest zip code in America was approved to receive a $2 million emergency coronavirus relief loan from the Small Business […]
Few Hispanic business owners got coronavirus relief loans, Latino survey finds
A survey of more than 500 Latino small-business owners who applied for coronavirus relief loans found that just 97 of them received money while the […]
Firms with Trump links or worth $100 million got small business loans
The government’s $349 billion small business lending program was designed to keep merchants afloat during the COVID-19 crisis. But critics say the structure of the […]
How to stop the business loan program from benefiting the rich
When the Small Business Administration’s $350 billion loan program ran out of money on Thursday, few people in the business world were surprised. With hundreds […]
Small business loan program just hit its $350 billion cap and is now out of money
One of the main coronavirus relief fund sources for suffering small businesses hit its $350 billion limit Thursday and is no longer accepting any more […]
‘Icon’ Earl Graves championed, embodied black business success
Earl G. Graves Sr., cheerleader in chief for African American entrepreneurship, was remembered by associates and admirers as an icon who spotlighted the need for […]
Trump’s ‘opening our country council’ still lacks any business leaders
With just under 24 hours to go before President Donald Trump officially announces his “opening our country council,” no corporate leaders have yet lent their […]
Texas governor wants to ‘slowly’ reopen business. Trump says that’s the federal government’s decision.
Texas Gov. Greg Abbott plans to sign an executive order this week to reopen parts of the state’s coronavirus-ravaged economy, but President Donald Trump says […]
Outages and delays mar new small business loan program
The electronic system the Small Business Administration is using to set up new coronavirus loans was down much of Monday, according to senior banking executives, […]
Small business owners stuck in loan limbo as new government programs stumble
Small business owners say they are frustrated with the rollout of coronavirus loan programs that promised quick cash but have become mired in technical and […]