Advance’s CEO touts future in Web sales (Roanoke Times)
The Minnesota-based chief executive officer of Advance Auto Parts said Wednesday in Roanoke that the company is in no hurry to build stores on the West Coast but wants to equip itself more fully for Internet sales.
UVA endowment back to money-making ways (Daily Progress)
A new report shows the giant investment pool generated $115.6 million in April, which follows a return of $78.3 million in March.
Community Colleges Get Student Influx In Bad Times (Washington Post)
The troubled U.S. economy is driving more students than ever to Washington area community colleges and prompting some private four-year schools to dip into their waiting lists to meet fall enrollment targets, according to school officials. Tens of thousands of students here and across the country are choosing community colleges for the first time. One-quarter of the enrollment growth at all two- and four-year colleges in Virginia over the past year occurred at Northern Virginia Community College, officials said.
Medical bills play a role in 62% of bankruptcies, study says (LA Times)
President Obama’s push for healthcare reforms gets a boost today from a new study by Harvard University researchers that shows a sizable increase over six years in bankruptcies caused in part by ever-higher medical expenses.
Mario’s Run Out of Coins (Slate)
The recession is forcing change on the once-invulnerable video game industry. To the extent that games provide consumers with engaging interactive entertainment for $60—sometimes 100 hours’ worth as in the post-apocalyptic Fallout 3—it’s an industry that deserves to fly high in the recession. But the game industry has fired nearly 12 percent of its work force since last July (8,450 folks), according to Wanda Meloni, an analyst at M2. There may be more to come, too.
Make Cost Cutting Invisible to the Customer (BNET)
Not all cuts are the same. Management, which is invisible to the customer, seldom cuts itself, because no one thinks they’re redundant. Meanwhile, small but visible expenditures such as newspapers, food, and customer-facing staff get reduced. The companies that will do the best are those that recognize their own particular “moments of truth” — the small but crucial experiences that matter most to their clientele.
From Keyword to Business Idea in 8 Steps (Entrepreneur)
Learn the language of people’s problems, and you’ll discover untapped markets.