small businesses

Obama Wants Small-Business Bill This Year

Seeking cooperation in a polarized climate, President Barack Obama called on Congress Tuesday to act quickly on bipartisan measures that would extend tax breaks for small businesses and help startup companies raise money. He said he would sign the legislation "right away."

Small Business Survival Story: A Hairdresser's Ordeal

The dream of Raphael Alvarez was to open a salon. His timing, it seemed, could hardly have been worse: Finding a loan was impossible, and his original location was snatched away. But Alvarez still managed to start his small business, without help from a big financial institution, in this desperate economy. Here's how he did it.

Can an iPhone App Save Small Businesses?

You may already be familiar with many of the independent retailers in your home town, but how do you find mom-and-pop shops when you're traveling? The 3/50 Project's new iPhone app might help. It links users to its directory of small businesses, so visitors can support the local economy.

ADP Bets on Small Business Growth to Offset Jobs

As the creation of new jobs slows and layoffs continue, small businesses keep hiring. ADP is betting those companies will continue to buck the trend. It's setting up new services to capitalize on that growth.

Fed Eases Lending Standards, but Small Businesses Don't Bite

The more lenient lending policies enacted by the Federal Reserve last month have so far failed to increase demand from small businesses, indicating that the federal government's attempts to spur the U.S. economy through more aggressive monetary policy may need more time to take effect.

Recovery Ahead? Small Businesses Boost Borrowing

A key index that measures small business lending rose 16% in September, its second consecutive month of double-digit increases. That rise in the Thomson Reuters/PayNet Small Business Lending Index is a strong signal that the U.S. economy is finally back on the road to recovery.

CIT Group Reports Quarterly Earnings of $142.1 Million

CIT Group (CIT) reported that net earnings for the second quarter jumped to $142.1 million, or 71 cents per diluted share, from $97.3 million, or 49 cents per diluted share, in the previous quarter. Net income rose thanks to gains on sales of assets and recoveries of pre-FSA charged-off receivables, the company said in a statement. CIT%u2019s Corporate Finance unit completed sales of a joint venture and other assets for a total of about $890 million, proceeds of which were used to pay down debt.