Lamson said it plans to sell its main factory, enabling it to repay a $1.07 million loan to the U.S. Small Business Administration, which holds a first mortgage on the property. The privately held company was founded in 1837, the same year President Andrew Jackson left the White House and Queen Victoria began her 63- year reign in the UK.» Read More
President Barack Obama today announced that the head of the U.S. Small Business Administration, Karen Mills, will be the newest cabinet member.
Faced with soaring unemployment rates, many returning Iraq and Afghan war veterans are taking matters into their own hands by starting their own businesses.
CNBC's Jon Fortt reports on 'Betterworks,' a company that offers affordable perks and benefits for employees.