Member One aims to expand business (Roanoke Times)
With an eye on growth, Member One Federal Credit Union has submitted plans to build a new headquarters adjacent to its existing building in Northeast Roanoke. The Roanoke-based credit union touted the plans as necessary to accommodate its current growth rate as well as its anticipated future growth.
Senate Votes to Allow F.D.A. to Regulate Tobacco (NY Times)
The legislation, which the White House said President Obama would sign as soon as it reached his desk, will enable the Food and Drug Administration to impose potentially strict new controls on the making and marketing of products that eventually kill half their regular users. The House, which passed a similar bill in April, may vote on the Senate version as soon as Friday.
Homeowner associations start foreclosures to collect dues (USA Today)
Many homeowners are learning to their surprise that condo and neighborhood associations that oversee security patrols, mow lawns, plant flowers and clean the community swimming pool might have the right to foreclose when dues aren’t paid. That right is often written into the purchase agreement signed by the homeowner.
Magic Johnson’s captivating customer service (Fortune)
Sixteen years after retiring from pro basketball, Johnson is finding almost as much success as a small business owner as he did on the court. Magic Johnson Enterprises, a private Los Angeles-based company, has 35 employees and assets of more than $700 million. It works with local entrepreneurs to open franchises in inner-city neighborhoods across the U.S., and has signed a unique deal with Starbucks that allows MJE to open franchises and split the revenue fifty-fifty.
Harvard’s MBA Oath Goes Viral (BusinessWeek)
What started as a pledge to do no harm by 2009 graduates of the elite business school has quickly gone global, but not everybody’s on board.
The Weekly Wind-Down: Obama scales back goals after visiting Denny’s in Va. (The Onion)
SATIRE: “Before we reclaim global leadership, we must first stop eating six sausages and a pound of eggs covered in syrum for breakfast, and we must stop leaving the house in sweatpants.”