Group seeks baseball team, backer says (Times-Dispatch)
The leader of the ownership group that wants to return professional baseball to Richmond said yesterday that the group has applied to Minor League Baseball to buy a specific team by early April.
Genworth Financial continues to lose money (Times-Dispatch)
Reporting its third consecutive quarterly loss, Genworth Financial Inc. reported fourth-quarter losses of $321 million, or 74 cents per share, compared with $178 million, or 41 cents per share, in the year-earlier period.
TodiMusicFest declares bankruptcy (Inside Business)
(Free once you register) No more Russian opera. No more jazz performances, Broadway productions, Grand Ole Opry. TodiMusicFest of Portsmouth is officially defunct. Documents were filed Jan. 9 with the bankruptcy court in Norfolk, electing Chapter 7, which is full liquidation of the organization.
Calls for Clarity in New Bailout for U.S. Banks (NY Times)
as the Obama administration prepares to lay out its plans on Tuesday for a revamped bank bailout, the initial instinct to shield banks from public scrutiny has created a new set of problems. Chief among them is restoring public trust in a much-maligned bailout so shrouded in complexity and inscrutability. The Obama administration has pledged to make the bailout more transparent, indicating in recent days that it intends to ask banks to report publicly how they are spending funds from the bailout, known as the Troubled Asset Relief Program, or TARP.
Surprising number of companies cut travel spending (USA Today)
The Association of Corporate Travel Executives says 71% of its member companies now plan to spend less on travel this year than in 2008. That’s a huge and unprecedented shift in corporate travel managers’ plans from just five months ago, says Susan Gurley, the association’s executive director.
Despite Slump, Some Small Firms Add 401(k)s (WSJ)
They see the plans as a way to retain valued workers and get people who otherwise wouldn’t save for retirement to do so. But to be able to afford the plans, some companies are having to make some trade-offs, including delaying employer matches or offering the matches in lieu of raises.
Sales & Marketing: Training the Young Guns (Inc.)
A program at MIT offers a window into the minds of Gen-Y sales reps