NewsFeeds 5.15.09

S-A-T-I-R-E Tostitos To Open Lime Dust-Making Plant In Chesterfield County (Tobacco Aveneue)
Frito-Lay announced plans today for a plant just south of Richmond that will employ more than 1,000 workers in an operation dedicated solely to the production of lime dust, a seasoning that is later blasted onto the snacking company’s popular Hint of Lime-flavored Tostitos tortilla chips.

Persistence pays off for biotech firm Insmed (Times-Dispatch)
Thanks to the sale of some of its biotech drug candidates in March, the biopharmaceutical company has received a cash infusion of $125 million. That’s a huge turnaround from the $2.4 million in cash the company had on hand in late December, when it was burning through about $1.2 million per month.

Virginia Port proposal draws interest from other firms (Daily Press)
Several private companies have contacted the Virginia Port Authority expressing interest in acquiring the operating rights of the state-owned port terminals in Hampton Roads, the port’s top official confirmed Thursday.

How owners of Chrysler, GM vehicles could be affected (LA Times)
With thousands of Chrysler and General Motors Corp. dealerships closing, customers could be confronted with problems over warranty coverage, trade-ins or other matters. Both automakers pledge to make the contraction as painless as possible, but that doesn’t mean there won’t be problems.

Taking the $ATs (Slate)
An investigation into the gobstopping amounts of money made by nonprofit testing services. In 2006—the most recent year for which the College Board’s tax returns are available—the College Board brought in a total of $582.9 million of revenue. Meanwhile, it spent only $527.8 million. That leaves it with a $55.1 million surplus. In most cases we’d call that $55.1 million a pretty good profit margin. But here’s the thing: It’s not profit; it’s “excess.”

Stimulate Your Business (Entrepreneur)
These organizations can help match your business with stimulus projects.

The weekly wind-down: Real Life Twitter (College Humor)
This one is sorta funny, especially the little phrases people use..LOL.

S-A-T-I-R-E Tostitos To Open Lime Dust-Making Plant In Chesterfield County (Tobacco Aveneue)
Frito-Lay announced plans today for a plant just south of Richmond that will employ more than 1,000 workers in an operation dedicated solely to the production of lime dust, a seasoning that is later blasted onto the snacking company’s popular Hint of Lime-flavored Tostitos tortilla chips.

Persistence pays off for biotech firm Insmed (Times-Dispatch)
Thanks to the sale of some of its biotech drug candidates in March, the biopharmaceutical company has received a cash infusion of $125 million. That’s a huge turnaround from the $2.4 million in cash the company had on hand in late December, when it was burning through about $1.2 million per month.

Virginia Port proposal draws interest from other firms (Daily Press)
Several private companies have contacted the Virginia Port Authority expressing interest in acquiring the operating rights of the state-owned port terminals in Hampton Roads, the port’s top official confirmed Thursday.

How owners of Chrysler, GM vehicles could be affected (LA Times)
With thousands of Chrysler and General Motors Corp. dealerships closing, customers could be confronted with problems over warranty coverage, trade-ins or other matters. Both automakers pledge to make the contraction as painless as possible, but that doesn’t mean there won’t be problems.

Taking the $ATs (Slate)
An investigation into the gobstopping amounts of money made by nonprofit testing services. In 2006—the most recent year for which the College Board’s tax returns are available—the College Board brought in a total of $582.9 million of revenue. Meanwhile, it spent only $527.8 million. That leaves it with a $55.1 million surplus. In most cases we’d call that $55.1 million a pretty good profit margin. But here’s the thing: It’s not profit; it’s “excess.”

Stimulate Your Business (Entrepreneur)
These organizations can help match your business with stimulus projects.

The weekly wind-down: Real Life Twitter (College Humor)
This one is sorta funny, especially the little phrases people use..LOL.

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