Business News

Cruel Paradox: Beating Virus Means U.S. Recession

Published by Scott Stewart on Wed, 03/18/2020 - 8:54am

Washington – No one knows how long it will last or how much it will hurt. But the U.S. economy is either sliding into a recession for the first time since 2009 or is already in one – a sudden victim of the coronavirus outbreak.

Virus Complications Forces Businesses to Rethink Strategies

Published by Scott Stewart on Tue, 03/17/2020 - 3:00am

New York – Renee and Michael Brown planned to open a third location for their coffee company – and put their plans on hold when the coronavirus hit.

Stocks Plunge; Wall Street, White House See Recession Risk

Published by Scott Stewart on Mon, 03/16/2020 - 2:52pm

New York – The U.S. stock market plunged 12% Monday for its worst day in more than three decades as voices from Wall Street to the White House said the coronavirus is likely dragging the economy into a recession.

CRE Summit Delays to August

Published by Scott Stewart on Mon, 03/16/2020 - 12:00am

The 31st annual CRE Summit won’t be held until this summer as organizers respond to the threat of the risk of COVID-19.

The summit is scheduled to go on Friday, Aug. 14, at the CHI Health Center in Omaha.

Employers Encouraged to Take Steps to Slow Spread of Virus

Published by Scott Stewart on Mon, 03/16/2020 - 12:00am

Nebraska businesses are being asked to do their part to halt the spread of the virus – including keeping sick workers at home.

“This is a communitywide response, so we want businesses to be prepared to be engaged as well,” Gov. Pete Ricketts said at a news conference last Friday.

Businesses at Risk for Cyberattack But Take Few Precautions

Published by Scott Stewart on Mon, 03/16/2020 - 12:00am

As businesses scramble to prepare continuity  plans for a pandemic, other significant risks of disruption are also lurking: floods and other natural diasters, snowstorms and other severe weather, cyberattacks and data loss.

Although businesses are increasingly at risk for cyberattacks on their mobile devices, many aren’t taking steps to protect themselves.

Buffett: Shareholders Can't Attend Annual Meeting in Omaha

Published by Scott Stewart on Fri, 03/13/2020 - 10:59am

Berkshire Hathaway chairman Warren Buffett told shareholders Friday that they won't be allowed to physically attend the company's May 2 annual meeting in Omaha because of the coronavirus threat.

Buffett said in a statement that he regrets having to take the step because the annual meeting has been a high point for decades for him and his business partner, Charlie Munger.

Buffett: Berkshire Meeting Could be Scaled Back

Published by Scott Stewart on Thu, 03/12/2020 - 12:30pm

Investor Warren Buffett says he plans to decide whether to scale back his company’s annual meeting, which typically attracts roughly 40,000 people, around April 1.

Berkshire Hathaway is still planning to hold its annual meeting on May 2, but the ongoing coronavirus outbreak may force the company to make changes to the event.

Small Business Owners Contending With Virus Outbreak

Published by Scott Stewart on Mon, 03/09/2020 - 4:00am

New York – Rachel Sklar planned to go to the big South by Southwest film, media and music gathering in Austin, Texas, this month, but changed her mind as cases of coronavirus started appearing in the U.S. She was scheduled to speak at the annual event and expected to recruit new members for her businesswomen’s organization, TheLi.st.

Filing Deadline Past for Tax Reports; LLP Deadline Soon

Published by Scott Stewart on Mon, 03/09/2020 - 12:00am

The Nebraska Secretary of State’s Office is notifying businesses the deadline for occupation tax reports has passed, and late businesses have until April 15 to avoid being delinquent.

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