Triangle bankers: PPP forgiveness trickles along as some businesses hoard cash

Triangle bankers: PPP forgiveness trickles along as some businesses hoard cash

Smooth but slow: It’s how Brian Reid, Triangle market president for TowneBank, describes the current state of the PPP forgiveness process. A month into launching the bank’s portal, loan forgiveness applications “are coming in in a slow fashion.”.
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Collins Aerospace reports 94 percent drop in adjusted operating profit

Collins Aerospace, Cedar Rapids’s largest employer, saw a 94 percent drop in adjusted operating profit in the third quarter this year compared to the same time period in 2019. That decline comes as parent aerospace and defense company Raytheon …
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Airbnb sets stage for blockbuster market debut, looks at Nasdaq listing

Home-rental startup Airbnb Inc plans to list its shares on the Nasdaq, setting the stage for one of 2020’s most high-profile stock market debuts. Earlier this month, Reuters reported the company was aiming to raise $3 billion in its IPO, which could give it a …
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Amazon to build new distribution center in Sarpy County

Amazon has chosen a sprawling field in Sarpy County to build a 700,000-square-foot distribution center — a project expected to employ 1,000 full-timers who will work alongside robots to pick, pack and prepare items for delivery to front porches.
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Finsync accounting review

Managing your business finances has never been more critical and Finsync lets you do that as well as fixing your accounts, expenses, payroll and more.
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