Relaunching Duck Head (Times-Dispatch)
“It is a great brand. It just needs to be restored,” said Sternheimer, former president of the family-owned A&N athletic footwear and sportswear chain based in Henrico County that shut down in early 2008. Sternheimer acquired the Duck Head brand for $2.65 million in a bankruptcy court auction last summer.
Price gouging or free market? Amid ailing economy, some question hotel prices for UVa events (Daily Progress)
Several hotel managers said the higher rates over graduation weekend reflect simple supply and demand. The Boar’s Head Inn, for example, charges $411 per night with a three-night minimum stay during graduation weekend. The rate, which includes breakfast for two, is between 50 percent and 80 percent higher than its normal weekend rate.
Outsourcing at Anthem leads to 20 layoffs at Roanoke office (Roanoke Times)
About 20 people were laid off Thursday from the Roanoke office of Anthem Blue Cross Blue Shield of Virginia.
Rising rates, phase-out of stimulus could stall bull market (USA Today)
Headwinds are plentiful. There’s fresh uncertainty surrounding the banking industry after regulators on Friday charged Goldman Sachs with fraud. There’s a massive $1.4 trillion federal budget deficit to deal with. There are 8.4 million Americans who lost their jobs in the past two years still in search of a paycheck. There are a handful of states facing a potential Greece-like budget crisis.
5 Reasons Why Five Guys is a Big Success (Inc.)
Sell a really good, juicy burger on a fresh bun. Make perfect French fries. Don’t cut corners. Jerry Murrell, founder of Five Guys, shares five strategies that helped him turn a lone burger joint into a national franchise.
What’s an Angel Investor? (WSJ)
An angel is a wealthy individual willing to invest in a company at its earlier stages in exchange for an ownership stake, often in the form of preferred stock or convertible debt. Angels are considered one of the oldest sources of capital for start-up entrepreneurs; the term itself, by most accounts, comes from the affluent patrons who used to finance Broadway plays in the early twentieth century.