NewsFeeds 4.20.09

Arts at W&M will cost $355 million (Virginia Gazette)
Phi Beta Kappa Memorial Hall and the Muscarelle Museum will be razed within a decade for massive fine arts and performing arts complex pegged at $355 million.

Most area banks profitable in 2008 despite economic crisis (Roanoke Times)
National Bank of Blacksburg earned a record $13.6 million. Bank of Floyd, going strong at 133 years old, made nearly $1.5 million. The Bank of Fincastle, with eight offices or drive-ups, did better than SunTrust Bank, with 1,775 locations, on such key measures as return on equity.

Sellers Woo Shoppers With Guarantees to Address Layoff Worries (NY Times)
With countless workers hoarding cash and fearful of joining the swelling ranks of the unemployed, American companies are trying to stimulate demand with a new twist on an age-old retailing strategy: money-back guarantees.You can read about the local angle at https://richmondbizsense.com/2009/04/09/layoff-protection-plans-marketing-gold/

Some lose a job and become an entrepreneur (USA Today)
Faced with bleak job prospects, many of the unemployed are hanging out shingles. One in four workers who have not found jobs is considering launching a business, according to a new CareerBuilder.com survey. (CareerBuilder is jointly owned by Tribune, McClatchy, Microsoft and USA TODAY parent Gannett.)

Arts at W&M will cost $355 million (Virginia Gazette)
Phi Beta Kappa Memorial Hall and the Muscarelle Museum will be razed within a decade for massive fine arts and performing arts complex pegged at $355 million.

Most area banks profitable in 2008 despite economic crisis (Roanoke Times)
National Bank of Blacksburg earned a record $13.6 million. Bank of Floyd, going strong at 133 years old, made nearly $1.5 million. The Bank of Fincastle, with eight offices or drive-ups, did better than SunTrust Bank, with 1,775 locations, on such key measures as return on equity.

Sellers Woo Shoppers With Guarantees to Address Layoff Worries (NY Times)
With countless workers hoarding cash and fearful of joining the swelling ranks of the unemployed, American companies are trying to stimulate demand with a new twist on an age-old retailing strategy: money-back guarantees.You can read about the local angle at https://richmondbizsense.com/2009/04/09/layoff-protection-plans-marketing-gold/

Some lose a job and become an entrepreneur (USA Today)
Faced with bleak job prospects, many of the unemployed are hanging out shingles. One in four workers who have not found jobs is considering launching a business, according to a new CareerBuilder.com survey. (CareerBuilder is jointly owned by Tribune, McClatchy, Microsoft and USA TODAY parent Gannett.)

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