HomeTown Bank seeks OK to expand (Roanoke Times)
HomeTown Bank in Roanoke is embarking on a growth strategy to add two or three branches, increase deposits and make more loans.
Capital One Looks to Adapt to Credit Card Laws (Washington Post)
New government restrictions on credit card issuers may force Capital One Financial, which revolutionized the credit card industry through customized marketing and granular data research, to reinvent itself for a new age of regulation.
This recession isn’t being kind to fledgling entrepreneurs (USA Today)
Many unemployed Americans are looking to escape the bleakest job market in a generation by launching businesses. Easier said than done. Studies show entrepreneurs have it tougher in this recession than in past downturns, largely because of a credit crisis that has made financing scarce.
Food Truck Nation (WSJ)
Locally sourced lamb. Grilled sweetbreads with sherry. A growing fleet of vehicles around the country is serving high-end, gourmet fare—and changing the lunchtime landscape.
Best Business Quotes Of All Time (Entrepreneur)
“Business opportunities are like buses, there’s always another one coming.” — Richard Branson.
A Deal Seeker’s Guide to Closing Dealerships (TheStreet.com)
As part of Chrysler’s Chapter 11 bankruptcy, the company is severing its relationship with 25% of its dealership network, many of which will close. And Chrysler won’t buy back its inventory. Now 789 dealerships have less than one week to sell whatever might be left of the 44,000 vehicles at those dealerships less than one month ago.