NewsFeeds 7.13.09

Va. to offer short-term lending program for state employees (Times-Dispatch)
Virginia is getting into the emergency-loan business. Gov. Timothy M. Kaine today is expected to announce a short-term lending program for state employees that would allow workers to take out lowinterest loans of up to $500 to meet emergency needs.

Botetourt County automotive supplier to close in 2010 (Roanoke Times)
Automotive supplier JTEKT North America announced Friday it will end operations at its Botetourt County facility during the first quarter of 2010.The move will affect about 260 employees.

Smithfield CEO sells $10.5 million in personal company stock (Virginian-Pilot)
Joseph W. Luter III, chairman and former CEO of Smithfield Foods Inc., has sold 800,000 shares of the company’s stock, worth more than $10.5 million. The sale represented 40 percent of his Smithfield holdings.

Sick and Getting Sicker (WSJ)
Rising health-care costs are pushing entrepreneurs to the limit. Some are changing coverage. Some are eliminating coverage. And some are deciding not to go into business at all.

California vendors fight for their cash (Fortune)
Small business owners plan layoffs and furloughs if they’re saddled with hard-to-redeem IOUs.

Work from Home Productively (BNET)
Keep distractions at bay: set a schedule, take breaks, and respond to the boss.

Va. to offer short-term lending program for state employees (Times-Dispatch)
Virginia is getting into the emergency-loan business. Gov. Timothy M. Kaine today is expected to announce a short-term lending program for state employees that would allow workers to take out lowinterest loans of up to $500 to meet emergency needs.

Botetourt County automotive supplier to close in 2010 (Roanoke Times)
Automotive supplier JTEKT North America announced Friday it will end operations at its Botetourt County facility during the first quarter of 2010.The move will affect about 260 employees.

Smithfield CEO sells $10.5 million in personal company stock (Virginian-Pilot)
Joseph W. Luter III, chairman and former CEO of Smithfield Foods Inc., has sold 800,000 shares of the company’s stock, worth more than $10.5 million. The sale represented 40 percent of his Smithfield holdings.

Sick and Getting Sicker (WSJ)
Rising health-care costs are pushing entrepreneurs to the limit. Some are changing coverage. Some are eliminating coverage. And some are deciding not to go into business at all.

California vendors fight for their cash (Fortune)
Small business owners plan layoffs and furloughs if they’re saddled with hard-to-redeem IOUs.

Work from Home Productively (BNET)
Keep distractions at bay: set a schedule, take breaks, and respond to the boss.

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