By Ruth Simon The federal government is streamlining some requirements banks use to grant small loans backed by the Small Business Administration, in a move intended to help more blacks and other minorities borrow funds for business ventures.Loans backed by the SBA are a crucial source of financing for many entrepreneurs, who can generally borrow as much as $5 million to start, buy or expand a business through the agency’s two biggest programs…
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June 11 – Europe’s taxi drivers go for gridlock in London, Paris and other capitals in protest at recent industry changes – including the car service app, Uber, which, they say, is threatening their livelihood. Joanna Partridge reports.
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By Louise Radnofsky Small employers in 18 states will offer only one health plan to workers when the Affordable Care Act’s small-business exchanges open this fall, federal officials said Tuesday.The 2010 law called for new online insurance marketplaces, which were supposed to open last year, for small businesses to pick group plans to cover workers…
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By Angus Loten Matt Harrigan recently bolted legs onto dozens of makeshift worktables. Within two weeks, the 15,000-square-foot space at a sprawling midtown office next to Grand Central Terminal in New York City will host 18 tech startups in a year-long program that includes advice from seasoned entrepreneurs and others on business strategies, raising capital, connecting with investors, and protecting intellectual property…
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June 11 – Bob Benmosche is retiring after leading the insurer back from its $182 bln bailout. Antony Currie and Richard Beales consider what his legacy means for new boss Peter Hancock.
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By WSJ’s small-business team The health-care law is changing the way many small employers run their businesses, for better or worse. Some are curbing hiring plans or making staff cuts, while others are revamping benefit plans. As part of its “Face of the Affordable Care Act” multimedia feature, the Wall Street Journal in April asked small-business owners to share how they’re coping with the law…
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June 11 – South Korean auto-maker Hyundai says it has launched a new era of clean, hydrogen-fueled motoring in the US. In a high-profile ceremony on Tuesday, the company’s first hydrogen fuel-cell car customer received the keys to his new Hyundai Tucson, although as Rob Muir reports, there are still challenges to be met before the technology becomes mainstream…
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June 11 – A World Bank forecast splashes cold water on the global economic recovery – with Ukraine, U.S. weather and emerging markets behind a cut in its growth outlook, according to its lead author. David Pollard reports.
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June 11 – Airbus loses a multi-billion dollar order, Lufthansa warns on profit and Flybe chief, Saad Hammad, tells Reuters there’s still ‘caution’ on the economy. Hayley Platt asks whether Europe’s aviation industry can ever hope for better times.
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By Yuliya Chernova Aleks Swerdlow, who is expecting her first baby in July, owns several wearable devices, including a fetal heartbeat monitor. She wants her newborn to eventually wear devices, too.”I love gadgets, wearables specifically,” said Ms. Swerdlow, 29 years old. “So it seemed a natural extension to have that available for my child, especially if it allows me to not worry about how the baby is sleeping and breathing…
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Get The Equipment You Need For Your Small Business With Equipment Leasing + More Uber drives cab owners to standstill + MORE 06/11/2014