Business News

Steve Poteet named outstanding Engineer of the Year and more business news

5 days ago

Steve Poteet named top Engineer of 2021

Steve Poteet, a mechanical engineer who has worked for the Tennessee Valley Authority and HDR for more than three decades, was awarded the highest honor Monday by the Chattanooga Engineers Club during the start of the club’s annual Engineer Week celebrations.

Poteet, who serves as the 2021 president of the Chattanooga Engineer Club, was presented the Outstanding Engineer of the Year award for this year

Poteet is a senior project manager at HDR where he has worked for over 11 years. Previously he has 30 years of hydro and fossil power experience with

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White House Adjusts Rules to Encourage More Loans for Tiny Businesses

6 days ago
Credit…Leah Millis/Reuters

Wally Adeyemo, President Biden’s nominee for deputy Treasury Secretary, plans to emphasize the importance of rebuilding the United States’ alliances to combat China’s unfair trade practices and halt foreign interference in the country’s democratic institutions at his confirmation hearing on Tuesday, according to a copy of his prepared remarks, which were reviewed by The New York Times.

His remarks highlight the importance that the Biden administration is placing on multilateralism as it seeks to undo many of

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The Texas deep freeze could force this energy company out of business

6 days ago
Just Energy said Monday that it could lose about $250 million from Texas’ deep freeze that left millions without power last week. The hit “could be materially adverse to the Company’s liquidity and its ability to continue as a going concern,” it said in a press release.
Canada-based Just Energy (JE) shares dropped more that 30% in early trading on the Toronto Stock Exchange.
The massive spike in energy demand during Texas’ cold snap sent prices soaring. Just Energy noted that Texas energy prices were selling for as much as $9,000 per megawatt hour for much of last
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4 tips for starting or reinventing a business in tough times | News

6 days ago

Think the best time to start a business is in a booming economy? Maybe. But some of the biggest business success stories in recent decades actually came from a good idea hatched during a recession.

Consider these names: CNN, Uber, Airbnb and Square. There are many more.

The effects of COVID-19 are forcing existing businesses to reinvent themselves, and some of today’s most significant business obstacles will spark new startups offering innovative solutions.

With the pandemic quickly shifting consumer behavior, more than $3 trillion is expected to be lost or moved to the businesses best prepared to exploit the possibilities,

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Small Business Struggles Point To Three Policy Priorities

7 days ago

Young business survival and growth. Workforce development. Child care.

Those, at least, are my takeaways from new survey data on small businesses. Together with the Small Business Roundtable, Facebook recently released its latest State of Small Business report for the United States. And the National Federation of Independent Business published two new updates from its members.

A topline finding in these surveys is the continuing struggle for many small businesses to stay

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After Losing a Company to COVID, Owners Seek the Next Gig | Business News

7 days ago

By JOYCE M. ROSENBERG, AP Business Writer

NEW YORK (AP) — As airlines slashed flights and furloughs appeared inevitable in the early days of the coronavirus pandemic, Mike Catania sensed there would be little need for a service that helped airline crews find short-term housing.

So, Catania and his fellow owners shut down Padloop in early March, even though the nearly year-old company had just broken even.

Catania started looking at how life was changing amid the pandemic and came up with the idea for his next business: Locaris, a website to help apartment renters connect with prospective neighbors to

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