Business news is the area of journalism that tracks, records and analyzes the commercial activities and changes that take place in society. The word business refers to a company or an enterprise that exchanges goods and services for money with the aim of making a profit on each transaction. If the profit is returned to the owners of the business it is known as a for-profit business, while not-for-profits invest any profits back into achieving their stated goals and improving infrastructure. Many businesses are operated as limited liability companies or corporations while others operate as partnerships or sole proprietorships. Some businesses operate in a single industry while others have broad operations across many industries around the world.
Several large companies have filed for bankruptcy in the last 48 hours, exposing how exposed highly indebted firms are in the face of interest rate rises. Bloomberg reports the list includes former top dog RSA Security and struggling fashion brands like Fabio Vincenti’s pig-based treat Brut. Also on the list are Vice Media Group, whose value was once worth $5.7bn, and Cartier.
In other business news, a new study shows black businesses are still losing out on government contracts. The study, by the US Chamber of Commerce, is based on a survey of more than 2,400 small and medium-sized businesses. It found that fewer than half of all government contracts go to minority-owned businesses, despite the fact that black-owned firms account for only 3.2% of total small businesses.
Another business news story focuses on the acquisition of several healthcare business publications by HealthLeaders Media, including several general healthcare business email publications and live events. The acquisition is expected to expand the reach of HealthLeaders Media, which already produces a number of healthcare business publications for executives and professionals in the field.
Katelyn Andrews researches and writes small business news for the online publication Business News Daily. She has over a decade of experience working for and with small business owners in a variety of industries. She has extensive writing and SEO skills, as well as knowledge of the types of content small business owners are searching for. She holds an English degree from Weber State University.