Philip Morris puts several properties up for sale (Times-Dispatch)
Philip Morris USA has put some of its South Richmond and Chesterfield County properties up for sale as the tobacco company cuts costs and consolidates its operations in a smaller U.S. cigarette market.
Ritz Camera Warns of Possible Liquidation (Washington Post)
Ritz Camera, the ubiquitous national photo chain that got its start as an Atlantic City portrait studio 91 years ago, said yesterday it is unable to raise the cash it needs to operate through the summer.
America’s 100 fastest growing small public companies (Fortune)
These fast movers are defying the downturn to grow profits and reward investors.
Luxe Redux (Slate)
As in the ’30s, high-end brands are playing down bling and playing up value.
Rewards Help Soothe Hard Times (WSJ)
Despite the economic slowdown, downsized small businesses are offering rewards to remaining employees to boost morale and compensate them for doing additional work. Employers are sponsoring office sports teams, hosting postwork social hours and permitting flexible work schedules. In return, some are seeing savings on overhead costs or increases in revenue.
5 Ways to Protect Yourself During Layoffs (Entrepreneur)
The following are proactive practices for avoiding the employment law courthouse.