NewsFeeds 5.12.10

Markel buys N.J. specialty firm Solbern (Times-Dispatch)
Markel Corp. is adding pickle-jar stuffers and burrito-dough folders to its multibillion-dollar-a-year insurance business.

Northrop may cut 330 jobs at Eustis if contract isn’t renewed (Daily Press)
Northrop Grumman Corp. might lay off its entire staff of 330 at Fort Eustis by the end of June if its 10-year contract with the Army post is not renewed, the company said Monday.

Boxley buys trio of concrete plants (Roanoke Times)
Boxley, the Blue Ridge-based concrete maker, has bought three existing concrete plants in Wytheville, Marion and Abingdon as a way to expand the company’s territory in Southwest Virginia.

Luxury hotels bounce back faster than overall market (USA Today)
The hotel industry’s luxury segment — dominated by familiar names such as Ritz-Carlton, Four Seasons and St. Regis — is rebounding faster than the overall hotel market as business travelers return to the road, executives of three luxury hotel companies say and new data confirm.

7 Tips for Masterful Negotiating (Inc.)
Whether you’re trying to close a major account or get a better rate from a vendor, here are expert pointers on how to win in negotiations.

Retirement-Plan Options for Business Owners (WSJ)
Here’s a better strategy for ensuring that you’ll have sufficient retirement income to supplement Social Security benefits: Make annual contributions to a qualified retirement plan. It’s a tax-advantaged savings method: contributions go into a qualified retirement plan on a tax-deductible basis; annual earnings are tax-deferred; and benefits are taxed only when and to the extent that distributions are made.

Markel buys N.J. specialty firm Solbern (Times-Dispatch)
Markel Corp. is adding pickle-jar stuffers and burrito-dough folders to its multibillion-dollar-a-year insurance business.

Northrop may cut 330 jobs at Eustis if contract isn’t renewed (Daily Press)
Northrop Grumman Corp. might lay off its entire staff of 330 at Fort Eustis by the end of June if its 10-year contract with the Army post is not renewed, the company said Monday.

Boxley buys trio of concrete plants (Roanoke Times)
Boxley, the Blue Ridge-based concrete maker, has bought three existing concrete plants in Wytheville, Marion and Abingdon as a way to expand the company’s territory in Southwest Virginia.

Luxury hotels bounce back faster than overall market (USA Today)
The hotel industry’s luxury segment — dominated by familiar names such as Ritz-Carlton, Four Seasons and St. Regis — is rebounding faster than the overall hotel market as business travelers return to the road, executives of three luxury hotel companies say and new data confirm.

7 Tips for Masterful Negotiating (Inc.)
Whether you’re trying to close a major account or get a better rate from a vendor, here are expert pointers on how to win in negotiations.

Retirement-Plan Options for Business Owners (WSJ)
Here’s a better strategy for ensuring that you’ll have sufficient retirement income to supplement Social Security benefits: Make annual contributions to a qualified retirement plan. It’s a tax-advantaged savings method: contributions go into a qualified retirement plan on a tax-deductible basis; annual earnings are tax-deferred; and benefits are taxed only when and to the extent that distributions are made.

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