NewsFeeds 8.14.09

Growth in store for lake development (Fredericksburg Freelance-Star)
By next spring, the Lake  Anna Island Complex near  Mineral in Louisa County should be bustling. The development will be getting a 15,000-square-foot building called The Island Shops that will house two restaurants, a fitness center, a clubhouse and several businesses.

Steak ‘n Shake plans to acquire Western Sizzlin (Roanoke Times)
An Indianapolis hamburger chain said Thursday that it wants to acquire a Roanoke-based steak and buffet company.

Contact-lens maker to close Norfolk plant, lay off 570 (Virginian-Pilot)
Spread across 70,000 square feet in five buildings, the plant operates around the clock, seven days a week. It employs about 570 people. By the end of next year, they all will be gone. CooperVision announced Thursday that it will close the plant in 2010 and transfer the jobs to plants in England and Puerto Rico.

Retailers Post Weak Earnings and July Sales (NY Times)
Retail spending is still far below that of a year ago in virtually every category, as figures reported Thursday showed. Major clothing chains including Macy’s, Nordstrom, Liz Claiborne and Kohl’s posted earnings declines this week. Even Wal-Mart Stores, the nation’s largest retailer and one of the hardiest survivors of this recession, reported lower sales on Thursday.

Sue This School (Slate)
Editor’s Pick. Should a college pay when a grad can’t find a job? This one should.

The Real ROI of the Press Release (BNET)
Well-written press releases have lost much of their power to generate actual news coverage. Journalists suffering from information overload rarely have the time to slog through the number of pitches they receive daily, so publicists bank on their relationships with them to get coverage. If press releases have any potency now, it comes from showing up in Web searches and, hopefully in the process, raising a company’s profile online.

The Weekly Wind-Down: So you Found my iPhone (Slate)
In this amusing video, a programmer builds an app for when he misplaces his iPhone.

Growth in store for lake development (Fredericksburg Freelance-Star)
By next spring, the Lake  Anna Island Complex near  Mineral in Louisa County should be bustling. The development will be getting a 15,000-square-foot building called The Island Shops that will house two restaurants, a fitness center, a clubhouse and several businesses.

Steak ‘n Shake plans to acquire Western Sizzlin (Roanoke Times)
An Indianapolis hamburger chain said Thursday that it wants to acquire a Roanoke-based steak and buffet company.

Contact-lens maker to close Norfolk plant, lay off 570 (Virginian-Pilot)
Spread across 70,000 square feet in five buildings, the plant operates around the clock, seven days a week. It employs about 570 people. By the end of next year, they all will be gone. CooperVision announced Thursday that it will close the plant in 2010 and transfer the jobs to plants in England and Puerto Rico.

Retailers Post Weak Earnings and July Sales (NY Times)
Retail spending is still far below that of a year ago in virtually every category, as figures reported Thursday showed. Major clothing chains including Macy’s, Nordstrom, Liz Claiborne and Kohl’s posted earnings declines this week. Even Wal-Mart Stores, the nation’s largest retailer and one of the hardiest survivors of this recession, reported lower sales on Thursday.

Sue This School (Slate)
Editor’s Pick. Should a college pay when a grad can’t find a job? This one should.

The Real ROI of the Press Release (BNET)
Well-written press releases have lost much of their power to generate actual news coverage. Journalists suffering from information overload rarely have the time to slog through the number of pitches they receive daily, so publicists bank on their relationships with them to get coverage. If press releases have any potency now, it comes from showing up in Web searches and, hopefully in the process, raising a company’s profile online.

The Weekly Wind-Down: So you Found my iPhone (Slate)
In this amusing video, a programmer builds an app for when he misplaces his iPhone.

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