The coronavirus is casting a large shadow over the business world, and many companies, including some U.S. small businesses, are struggling to cope with the financial losses.
Ben Baltes, cofounder and CEO of Toybox Labs, a 3D printing manufacturer based in Oakland, Calif., told Yahoo Finance's " The Ticker " the outbreak has disrupted Toybox's supply chain, pushing production significantly behind schedule.
"We came off a nice holiday season, and sold out of inventory," said Baltes. Shortly after the holiday season the coronavirus outbreak hit China, stifling manufacturing and production throughout the country. "We have 600 printers left. Usually we're shipping around a couple thousand per month so that's impacting sales quite a bit."
While you're here, how about this:
Friday's business headlines - WISH-TV | Indianapolis News | Indiana Weather | Indiana Traffic
Clorox stock hit five straight days higher as investors bet that people will want to sanitize more.
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The Wall Street Journal reports AT&T, T-Mobile are among the companies facing hundreds of millions of dollars in fines.
The carriers, if they failed to protect consumers’ real-time location data, would have violated federal law.
The chain is reportedly working on a paid membership called Walmart+ that would directly compete with Amazon Prime.
Miami Dolphins Host 38 Players At Fourth Annual Dolphins Business Combine
MIAMI GARDENS, Fla. – The Miami Dolphins hosted their fourth annual Dolphins Business Combine (DBC) from February 23–27. Dolphins owner Stephen Ross, created the event to provide unique opportunities for his players' development off the field.
Starting with 16 participants in 2017, the DBC had its highest turnout in 2020, with 38 players taking part in the event. Throughout the week, attendees took part in seminars focused on real estate, entrepreneurship, business leadership, business operations, corporate finance, marketing and project management.
Shearman Sees Revenue Inch Up Amid Strategy to 'Reshape' Business | New York Law Journal
The litigation firm called Angus Chen a "virtuoso" in his field, having advised a host of pharmaceutical clients.
In case you are keeping track:
Dow slides over 3,500 points in worst week since financial crisis | Fox Business
Guggenheim Partners co-founder Scott Minerd says the Fed will wait until the market drops 20% to adjust rates.
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"The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy" he said.
The Dow Jones Industrial Average, in heavy trading, trimmed losses of as much as 1,085.63 points, or 4.2 percent. Microsoft, Facebook, Visa and Exxon Mobil were among the stocks investors bought late in the session.
Neel-Schaffer names Chris Sellers East Region Director of Business Development |
Posted by: MBJ Newswires in Architects & Engineering , NEWS , Newsmakers 02/28/2020
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Neel-Schaffer, Inc., is pleased to announce that Chris Sellers, PE, has been promoted to fill the new role of Director of Business Development for the firm's East Region.
Sellers joined Neel-Schaffer in 1999 and has more than 20 years of experience as a Project Engineer, Project Manager and Business Development leader. He was named a Senior Vice President in 2018 and most recently served as Operations Manager for the firm's Alabama, Georgia and South Carolina offices.
SC Lawmakers take up Bill to consolidate how business licenses are issued - ABC Columbia
COLUMBIA, S.C. (AP) – A bill to consolidate how business licenses are issued in South Carolina into one place instead of about 240 cities and counties has unanimously passed the House. The proposal sets up a website where businesses can fill out one application and pay for licenses.
Growing Your Business: How Outsourcing Can Help – Santa Clarita Valley Signal
Happening on Twitter
The coronavirus means that now I can really start dressing https://t.co/MEpHwnhjc8 _Zeets (from Pallet Town, Kanto) Thu Feb 27 13:02:42 +0000 2020
President Obama set up anti-pandemic programs in 47 vulnerable countries, as a way to protect against something jus… https://t.co/28YZVjf2CL ChrisMurphyCT Thu Feb 27 20:45:57 +0000 2020
Nancy Pelosi criticized @realDonaldTrump's coronavirus response. But SF's homeless encampments are giant petri dish… https://t.co/hRYv1SkHXN RealJohnDennis (from San Francisco) Thu Feb 27 18:52:13 +0000 2020
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