Baseball investors withdrew support (Times-Dispatch)
Concern about Richmond’s continued lack of a plan to replace The Diamond influenced a portion of Richmond Baseball Club LC’s investors to withdraw financial support, which killed a proposed $15.4 million deal that would have made RBC the owner of the Class AA Connecticut Defenders, sources said.
Liberty Tax considers opening its own bank (Inside Business)
Free once you register. Virginia Beach-based Liberty Tax Service, the tax service franchise company famous for its dancing Uncle Sams and Statues of Liberty, is considering starting its own bank.
MeadWestvaco, USW to restart contract talks (Roanoke Times)
After a hiatus of nearly two years, contract negotiations between United Steelworkers International Local 8-675 at MeadWestvaco’s Covington paper mill and the company are set to resume June 8. The negotiations will restart even though a dispute continues about whether Local 8-675 or a new union should represent the workers at the bargaining table.
Could GM Be Cool Again? (Slate)
Bankruptcy could restore what decades of complacency killed.
Auto rupture will ripple far and wide (Fortune)
Turmoil caused by the meltdowns of GM and Chrysler is felt far outside Detroit: Dealerships and suppliers are bracing for an uncertain future.
Entrepreneurs Pack Up and Go Home (WSJ)
As more small businesses around the country ditch their storefronts and offices to cut expenses during the recession, they’re encountering new hurdles. Many of them have to deal with home-business zoning ordinances and take on new insurance and marketing costs. Business owners also confront the challenge of making it appear to loyal customers that nothing significant has changed.
Jim McCann of 1-800-Flowers on Strategic Partnerships (Inc.)
Question: How can an entrepreneur assess the viability, reputation, and ethics of a potential strategic partner without damaging the relationship?