New research suggests that a lot of small businesses across the country are financially fragile. Three-quarters of them said they only had enough cash on hand to cover two months of expenses.
Business
With social distancing in mind, a Juneau food cart rigs up a drive-thru
As the state of Alaska ordered social distancing mandates, a Juneau drive-thru burger joint was born.
‘The first glance at what’s coming’: Oilfield service companies alert state of more than 250 layoffs in Alaska
Four oilfield service companies have alerted the state of sweeping layoffs at their North Slope operations as the coronavirus crushes demand for fuel, oil prices crash and drilling activity declines.
Ravn files plan to liquidate, as bankruptcy proceeds
In the filings, Ravn says that none of the company’s applications for loans and grants under the CARES Act were approved, as of Monday.
Sport fishing stays open, but restrictions will shape Bristol Bay’s summer tourism
Alaska has designated fishing as “critical infrastructure” — including sport fishing. But travel mandates could make trips to fishing destinations an upstream battle for people trying to come in from out of state.
BP says sale to Hilcorp is still on, but under revised terms
In a statement late Sunday, BP confirmed its commitment to close the multi-billion dollar sale.