×

Business

Small business disaster loan program needs more funding from Congress

NEW YORK (AP) — The Small Business Administration has run out of money for the disaster assistance loans it offers small businesses, homeowners and renters, delaying much needed relief for people applying for aid in the wake of the destruction caused by Hurricanes Helene and Milton. The SBA ...

Boeing forced into layoffs

Boeing plans to lay off about 10% of its workers in the coming months, about 17,000 people, as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes. New CEO Kelly Ortberg told staff in a memo Friday that the job ...

LoveBugDesigns.us moves from craft shows to permanent location

IRON MOUNTAIN — After having much success at craft shows and farmers markets in the past year, Tom Laabs has moved his Lovebugdesigns.us business out of his living room and into the Downtown Plaza in Iron Mountain. For Laabs, a hobby gone out of control and a need for a career change led ...

US inflation reaches lowest point in 3 years

WASHINGTON (AP) — Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race. Consumer prices rose just 2.4% in September from a ...

TD Bank to pay $3B in money-laundering settlement with DOJ

WASHINGTON (AP) — TD Bank will pay approximately $3 billion in a historic settlement with U.S. authorities who said Thursday that the financial institution’s lax practices allowed significant money laundering over multiple years. Canada-based TD Bank pleaded guilty to conspiracy to commit ...

West End Home Furnishings lets Iron County shop closer to home

IRON RIVER — Nathan Clark, owner of West End Home Furnishing, has a simple business philosophy: Deliver quality products at affordable prices. Clark is originally from East Jordan, which is near Petoskey in lower Michigan, and moved to the Upper Peninsula in 2001 to be near wife Katie’s ...