NewsFeed 4.23.10

Groome Transportation cancels airport contract (Times-Dispatch)
Groome, which began service to Richmond’s airport in 1947, will terminate its contract service midnight on May 25, he said. “This latest treatment is more than we can bear.”

Port authority may take over Richmond port, officials say (Virginian-Pilot)
State officials are interested in the possibility of the Virginia Port Authority taking over the Port of Richmond, Secretary of Transportation Sean Connaughton said Thursday.

Cycle Systems recycler buys old Heironimus warehouse in Southeast Roanoke (Roanoke Times)
Cycle Systems plans to move a division that deals with industrial equipment to the Southeast Roanoke site.

Inspectors found negligence at West Virginia mine months before blast (Washington Post)
Federal safety inspectors who visited Massey Energy’s Upper Big Branch coal mine early this year said senior managers showed “reckless disregard” for worker safety by telling a foreman to ignore a citation the mine had received for faulty ventilation, according to the inspectors’ handwritten notes.

Generation Y’s steep financial hurdles: Huge debt, no savings (USA Today)
Even before the recession, those in Generation Y — the latest products of a get-it-now, pay-for-it-later mind-set that has permeated the nation’s economy — faced a range of financial pitfalls as they embraced expensive high-tech gadgets and added credit card debt onto student loans. Now, stagnant wages, job insecurity, the decline in employer-sponsored health insurance and retirement benefits, the rapid increase in basic expenses, soaring debt and minimal savings have jeopardized the economic security of the entire generation.

Post-Crisis Equity Financing for Startups (Business Week)
Entrepreneurs seeking early-stage capital must rethink strategies to suit investors’ expectations. HitFix shows how the landscape has changed.

High Fliers: Top 50 Women-Led Companies (WSJ)
WPO, a trade group for multimillion-dollar women-owned businesses, determined its third annual Top 50 Fastest-Growing Women-Led Companies list using a formula that combines percentage revenue growth and absolute growth. To be eligible for the list, companies must be privately owned, women-owned or led, and have generated at least $2 million by year-end 2009, among other criteria. About 400 companies applied for inclusion on the list.

Weekly Wind-Down: Four banned commercials (YouTube)
Probably best to watch when nobody is looking over your shoulder. The second one is hilarious.

Groome Transportation cancels airport contract (Times-Dispatch)
Groome, which began service to Richmond’s airport in 1947, will terminate its contract service midnight on May 25, he said. “This latest treatment is more than we can bear.”

Port authority may take over Richmond port, officials say (Virginian-Pilot)
State officials are interested in the possibility of the Virginia Port Authority taking over the Port of Richmond, Secretary of Transportation Sean Connaughton said Thursday.

Cycle Systems recycler buys old Heironimus warehouse in Southeast Roanoke (Roanoke Times)
Cycle Systems plans to move a division that deals with industrial equipment to the Southeast Roanoke site.

Inspectors found negligence at West Virginia mine months before blast (Washington Post)
Federal safety inspectors who visited Massey Energy’s Upper Big Branch coal mine early this year said senior managers showed “reckless disregard” for worker safety by telling a foreman to ignore a citation the mine had received for faulty ventilation, according to the inspectors’ handwritten notes.

Generation Y’s steep financial hurdles: Huge debt, no savings (USA Today)
Even before the recession, those in Generation Y — the latest products of a get-it-now, pay-for-it-later mind-set that has permeated the nation’s economy — faced a range of financial pitfalls as they embraced expensive high-tech gadgets and added credit card debt onto student loans. Now, stagnant wages, job insecurity, the decline in employer-sponsored health insurance and retirement benefits, the rapid increase in basic expenses, soaring debt and minimal savings have jeopardized the economic security of the entire generation.

Post-Crisis Equity Financing for Startups (Business Week)
Entrepreneurs seeking early-stage capital must rethink strategies to suit investors’ expectations. HitFix shows how the landscape has changed.

High Fliers: Top 50 Women-Led Companies (WSJ)
WPO, a trade group for multimillion-dollar women-owned businesses, determined its third annual Top 50 Fastest-Growing Women-Led Companies list using a formula that combines percentage revenue growth and absolute growth. To be eligible for the list, companies must be privately owned, women-owned or led, and have generated at least $2 million by year-end 2009, among other criteria. About 400 companies applied for inclusion on the list.

Weekly Wind-Down: Four banned commercials (YouTube)
Probably best to watch when nobody is looking over your shoulder. The second one is hilarious.

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