small business News

Alaska Supermarket Damaged by Rockslide to Close Permanently

KETCHIKAN, Alaska (AP) — The owners of an Alaska supermarket that was severely damaged by a rockslide plan to permanently shutter the business. Tatsuda’s Supermarket Inc. CEO Katherine Tatsuda announced the closure of the store in Ketchikan Monday, Ketchikan Daily …

Community Helps Virginia Businesses Destroyed in Explosion

HARRISONBURG, Va. — The strip mall on Miller Circle erupted into flames last month after an explosion that shook Harrisonburg for miles. Within the shopping center, Hometown Music and Blue Sprocket Sound were two businesses reduced to rubble. For local …

Suppliers Reluctant to Ship Goods Without Credit Insurance

Gold Medal International is sitting on millions of dollars worth of socks at its North Carolina warehouse that it can’t ship to stores. The reason? The 66-year-old family-owned sock maker can’t get enough credit insurance to cover potential losses if …

Chubb Urges U.S. and Insurers to Team Up for Future Pandemic Costs

Chubb Ltd. proposed that insurers and the U.S. government work together to cover future business-interruption losses from pandemics, as the industry faces a flurry of lawsuits over costs related to coronavirus-related shutdowns. Chubb, the large global insurer led by Evan …

Uncertainty Can Follow Grief When Small Business Owner Dies

NEW YORK — When Jim McLaughlin died suddenly from a heart attack at age 64, his family assumed they would have to close his homebuilding business. He’d made no plans for someone to succeed him at McLaughlin Construction, and there …

Misplaced Trust Leaves Business Owners Coping with Workplace Thefts

About the photo: Deb and Kevin Durken pose for a photo in their store The Boot Shack in St. Cloud, Minn. The bookkeeper for the Durken’s store forged checks and stole an estimated $225,000 over 10 years, Deb says. NEW …

Small Businesses Face Big Danger From Hackers

It’s not just big businesses like JPMorgan Chase, Target and Home Depot that get hacked. Small companies suffer from intrusions into their computer systems, too. The costs associated with computer and website attacks can run well into the thousands and …

Superstorm Sandy’s Impact on Small Businesses Still Felt

When suburban New York delicatessen owner P.J. Whelan heard the findings of a Federal Reserve Bank of New York poll released Monday on Superstorm Sandy’s effect on small businesses, he began nodding in agreement. “They got those numbers right,” the …