27% of ex-LandAmerica workers laid off by Fidelity (Times-Dispatch)
By the end of January, the Jacksonville, Fla.-based company had cut 1,500 jobs, or 27 percent of the work force it inherited from the purchase of LandAmerica’s subsidiaries — Lawyers Title Insurance Co., Commonwealth Land Title Corp. and United Capital Title Insurance Co.
Anheuser-Busch InBev narrows spigot: Vendors will wait longer for payments (Daily Press)
Anheuser-Busch InBev vendors will have to wait longer to get paid under a new policy put into place by the corporate headquarters earlier this week. As of Feb. 1, the beer conglomerate implemented a new pay policy that means it will pay suppliers for goods and services every 120 days instead of every 30 days, as it previously paid.
Small Firms Resort to Freebies and Special Deals (WSJ)
While the Strategy Can Help Lure Hesitant Customers, High Costs Run the Risk of Leaving Some Companies Worse Off
Vanity’s Downturn: Botox Use, and Allergan Sales, Dip (NY Times)
Wrinkled faces may be the latest example of recession chic. As consumers cut back in the third quarter of last year on expensive aesthetic procedures like breast implant operations, pharmaceutical executives and doctors predicted that one segment of the nation’s estimated $12 billion-a-year cosmetic medicine market would prove more resistant to the weak economy: antiwrinkle shots like Botox.
Obama Outlines Limits on Executive Pay (Washington Post)
The Obama administration’s announcement yesterday that it would toughen executive compensation restrictions at some firms receiving federal aid signaled a broader strategy to remake how Wall Street’s top financiers are paid, officials said.
The Ultimate Business Tune-up for Times Like These (Inc.)
In a tough economy with credit extremely tight, big investments are not an option for most companies. Yet no business can afford to stand still. We asked our favorite entrepreneurs for the tips and tricks they have used to pilot their businesses through difficult times. The result: 23 things you can do right now to energize your employees, wow your customers, and get your business back on track
[…] Newsfeed 2.25.09 […]