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Unable to Pay Rent, Small Businesses Hope for a Deal With Their Landlord

by mujair | Sep 17, 2020 | Business & Finance News

“It’s very tentative,” Ms. Stark said. “You call them up, you talk to them about what’s going on — I’ve sent screenshots of my numbers so they can see where we stand.” Ken Giddon, a co-owner of the men’s wear store Rothmans, held off on reopening his flagship store in...

‘That Kept Us Going’: Small Businesses Stay Alive With Local Help

by mujair | Sep 2, 2020 | Business & Finance News

Summer 2020 was going to be a booming season for Giovy Buyers and her flower shop, Southern Blossom Florist. The Republican National Convention was coming to Charlotte, N.C., and she was bidding to do its floral installations. We know how that story ends. Instead, the...

Businesses Thought They Were Covered for the Pandemic. Insurers Say No.

by mujair | Aug 5, 2020 | Business & Finance News

Both the Soup Spoon Cafe and the Bistro, another restaurant Mr. Gavrilides owns in Ingham County, Mich., were in mint condition, so they didn’t qualify. The judge left little ambiguity, repeating the basis of her decision several times, and said there was no point in...

Businesses Are Supposed to Cut Debt in a Downturn. Why Not Now?

by mujair | Jul 20, 2020 | Business & Finance News

Since the 2008 global financial crisis, American corporations have taken advantage of historically low interest rates to gorge themselves on debt. Then came the pandemic and the sharpest economic downturn in history, which resulted in an odd solution for the companies...

Small Businesses Struggle to Plan for What Comes Next

by mujair | Jul 16, 2020 | Business & Finance News

Phil Tulkoff’s family has owned a Baltimore condiment company for more than 90 years, and he’s uneasy. Not because business at Tulkoff Food Products is bad — he lived through that this spring — but because it is suddenly good. “I don’t know what to expect,” said Mr....
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