Thousands of businesses got critical loans during pandemic | National News

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When a large swath of Connecticut was forced to shut down during the early days of the coronavirus pandemic, state officials quickly created an emergency loan program from scratch, hoping to help small businesses — from pizza shops to yoga studios — weather the economic crisis.

Months later, records obtained by The Associated Press through a Freedom of Information Act request show the fledgling Connecticut Recovery Bridge Loan Program ultimately funded 2,123 one-year, no-interest loans, averaging $19,705 a piece. Because of the massive flood of applications, officials decided to cap loan amounts at $37,500 — half of the $75,000 originally promised when the program was launched in March — to help twice the number of businesses.

The change was made after officials had to stop accepting applications the day after the program was announced and decided to double the $25 million investment to $50 million, underwritten by the state’s venture

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Business News | Stock and Share Market News

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UK Companies and Shoppers Send Recovery Signals for Economy | Investing News

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By Andy Bruce and David Milliken

LONDON (Reuters) – British businesses have reported their fastest upturn in five years and shoppers pushed their spending back to near pre-lockdown levels, a survey and data published on Friday showed.

An early flash reading of the IHS Markit/CIPS UK Composite Purchasing Managers’ Index (PMI) shot up to 57.1 in July from 47.7 in June, above the 50 threshold for growth for the first time since lockdown began in March.

The figure, its highest since June 2015 and above the euro zone’s reading for this month, was better than all forecasts in a Reuters poll of economists.

The surge suggested Britain’s economy would return to growth in the third quarter after shrinking by more than 25% in March and April, Chris Williamson, chief business economist at PMI compiler IHS Markit, said.

“Even with the July rebound, there’s a long way to go before the

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News – Finance

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March 30, 2020

April 2020 Column from Rod Smith, Internal Controls Newsletter

Categories: Uncategorized

March 30, 2020

Please review carefully the ‘COVID-19 and TIM Update 0325’ attached document. It provides detailed information about the Special Leave Provision in effect from March 16 – March 31st and TIM and specifically about updating timecards in the previous pay period, March 16th – March 29th that will be signed off this week at 5:00 p.m. on Tuesday, March 31st.

Categories: TIM Administrators, TIM General News

March 26, 2020

April 2020 In Focus Article for Finance Insight, Christy Baldridge

Categories: Procurement, Staff

March 26, 2020

Steve Agostini’s column for Finance Insight, April 2020.

Categories: Associate Vice Chancellor

March 26, 2020

We have worked out a process with Lenovo to allow for home shipment of computers.  Note the information below concerning CCI computer orders as an amendment to the memo sent March 20, 2020 and

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Business News, Stock/Share Market Investment, Live BSE/NSE Sensex & Nifty, Mutual Funds, Commodity Market, Finance Portfolio Investment/Management, Startup news India, Financial News

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International Business Times – Business News, Financial news

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US Reports 131 Deaths, 11,000 New Cases In One Day

The United States now leads the world in the number of new COVID-19 cases in one day — almost 11,000.

Wall Street 1

US Equities Tumble As Senate Fails To Pass Coronavirus Relief Bill

U.S. stocks dropped on Monday as lawmakers failed to pass virus relief bill

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Credit Card Companies Offering Financial Assistance During Coronavirus Outbreak

Many credit card companies are offering deferred payments, waived fees, and increased credit limits for those impacted by the coronavirus pandemic.

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Like many companies, Twitter will see a financial hit from the coronovirus pandemic even as the online platform gains users to share information about the crisis

Coronavirus Dims Twitter Earnings Expectations

Twitter said it is “withdrawing” its earlier forecast for the first quarter of 2020 and now expects an operating loss along with declining revenues.

coronavirus pneumonia vaccine

US Death Toll Significantly Impacted By Quarantines, Restrictions — Research

The researchers say keeping restrictions in place until a vaccine is developed will exacerbate a recession but limit death toll.

Graphic naming selected companies that could benefit from the "coronavirus economy,' according to a Forbes data from March 7

Is The US Facing A

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Healthcare Finance News

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Reimbursement
Nonprofit healthcare sector sees negative financial outlook due to COVID-19; positive outlook expected for pharma

Because there’s such a high level of uncertainty, the risk of a more severe economic impact is elevated and expenses will rise.

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Revenue Cycle Management
Managed care, revenue cycle performance strategies are critical to increasing payer yield

Understanding contract loopholes, and being self-advocates during negotiations, can help community hospitals increase their collections.

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Strategic Planning
Forecasting the future of HL7 FHIR at HIMSS20

In Orlando, health IT professionals will get an update on what FHIR currently can and can’t do – and what to expect from it going forward.

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Capital Finance
Telehealth a target for venture capitalists as its potential to diagnose coronavirus grows

Faster internet speeds, better tech and avoiding other potentially sick patients is pushing investors to pump money into the remote-care space.

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Supply Chain
President Trump to invoke Defense Production Act

The Department of Defense is releasing up to 2,000 ventilators and is making available up to 5 million N95 face masks from reserves.

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Budgeting
A dynamic healthcare budget process may trump traditional budgeting in terms of accuracy, flexibility

With a labor-intensive budgeting process that provided little business value, OSF Healthcare decided it was time to be more flexible.

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Quality and Safety
COVID-19 survey shows 85% of primary care practices lack personal protection equipment and tests

Physician are frustrated

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Business news on Minneapolis, St. Paul, the Twin Cities metro area and Minnesota

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Bartender/server Penny Masuku, left, and co-owner Barb Gardiner shut down Hen House restaurant in downtown Minneapolis on Monday.

Twin Cities restaurant workers are among first victims of coronavirus shutdown

Eateries were ordered shut except for takeout, so many had to lay off employees.

How Silicon Valley’s Arctic Wolf made it to Minnesota’s ‘Silicon Prairie’

2:00pm

Dan Larson, senior vice president of marketing at Arctic Wolf (left) and Chief Revenue Officer Nick Schneider are based in Eden Prairie.

Arctic Wolf looks to double the size of its cybersecurity office in Minnesota.

Forum: Investors face rough ride, but the weather will improve

March 21

The coronavirus is a stock market blizzard: Until visibility improves, the stock market will be extremely volatile and could easily sell off further.

Coronavirus

8:19pm

Registered nurse Kim Lutes left, and others carried 1,200 N95 masks donated by Rich Forstner, president of White Bear Lake contracting firm Mavo Syste

Mask by mask, scores answer call for gear for health care workers

With a couple of masks or a truckload full, Minnesotans answered the call Sunday to donate protective gear for health care workers grappling with a…

Coronavirus

4:40pm

A technician prepares COVID-19 coronavirus patient samples for testing at a laboratory in New York's Long Island.

Like patients, Minnesota doctors are frustrated by virus test, supply shortages

Physicians try

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Long Island Business news, events, promotions and more

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  • This extremely popular NBA simulation allows you to


    Some apps to enjoy simulated sports amid virus suspensions

    With seasons delayed amid the virus outbreak, some simulated sports  apps will provide diversions.

  • Chembio Diagnostics of Hauppauge worked in partnership with


    LI firm gets contract for rapid COVID-19 test

    Chembio Diagnostics completed work on the test in about a week and has received a $4 million purchase order from Brazil.

  • Book Revue, an indpendent bookstore in Huntington, has




    Curbside pickup to home delivery: LI firms adapting to survive

    “Small businesses are worried, but they have no choice but to remain positive and come up with alternative ways to serve their customers,” one advocate said.

  • The jobs will start out as temporary but


    Walmart to hire 3,750 in New York to meet demand

    Walmart and Target also announced they are boosting pay and benefits for workers as they continue to see huge increases in shopper numbers.  

  • Cinthya Chavarria, medical biller at E Central Medical



    Working from home? Tips on making the transition

    Productivity will probably take a hit at first, experts say, but flexibility, communication and

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