CarMax reshuffles 130 positions (Times-Dispatch)
About 130 CarMax Inc. employees will be changing roles as the retailer reshuffles positions at its headquarters and at some of its 100 stores.In all, 1 percent of the company’s 13,000 jobs are affected, the company said. CarMax made the moves because shifts in its operations have made some jobs no longer necessary.
Blackboard to Buy Rival E-Learning Firm (Washington Post)
The District-based company, whose e-learning software is ubiquitous on many university campuses, will pay about $95 million — $80 million in cash and $15 million in stock — for its rival, excluding transaction costs and including the cash it will acquire from privately held Angel.
Deal Reached to Keep Boston Globe in Print (NY Times)
The stare-down between The New York Times Company and workers at The Boston Globe reached its crucial moment Wednesday when the newspaper’s largest union agreed to vote on a package of painful wage, benefit and job security concessions that would head off the threatened closure of one of America’s premier newspapers, but could also presage significant layoffs.
Regulators put bank CEOs on notice (CNN Money)
Banks that need more capital under the stress tests will have a month to present regulators with a fundraising plan, federal officials said Wednesday. The banks will have six months to raise the funds, and banks will also have to review their management and board within a month.
Ford invests $550 million to bring new Focus to market (LA Times)
Ford announced yesterday that it is pouring $550 million into the ongoing conversion of a Michigan truck plant into a facility that will produce the Ford Focus compact — including a zero-emissions electric version of the Focus.
Take This Dream and Crunch It (WSJ)
Working for yourself means freedom — but it doesn’t come free. That doesn’t mean you shouldn’t try. There are few more gratifying accomplishments than making it on your own. But here’s what you should keep in mind as you figure out what to charge for your work and how to budget for your future.