NewsFeeds 6.29.10

CarMax CEO: How the company weathered the recession (Times-Dispatch)
A series of internal initiatives during the heart of the recession helped CarMax Inc. get through the darkest days of the financial downturn that rocked the auto industry, the top executive at the Goochland County-based auto retailer told shareholders yesterday.

Utility seeks permission to raise electricity rate (Virginian-Pilot)
Dominion Virginia Power has asked state regulators to approve another rate increase next year to cover construction costs for two power plants. The change would add $1.39 to the bills of residents who use 1,000 kilowatt-hours of electricity each month. If approved by the State Corporation Commission, it would take effect April 1.

Developer hopes to redefine Tysons West as he makes his mark (Washington Post)
The county handpicked a Georgelas project to demonstrate its vision  for urban development. The 28-acre residential, office and retail complex is being planned around the future Tysons West Metrorail station at Leesburg Pike and Spring Hill Road.

In Ordinary Lives, U.S. Sees the Work of Russian Agents (NY Times)
Not business news but really interesting. They had lived for more than a decade in American cities and suburbs from Seattle to New York, where they seemed to be ordinary couples working ordinary jobs, chatting to the neighbors about schools and apologizing for noisy teenagers.

Starting Up, and Conquering the Numbers (WSJ)
Many people start a business because they want to support themselves doing what they love. Too often, though, they neglect to focus on the numbers side of the business.

Should You Tap Your 401(k) to Start Your Business? (Entrepreneur)
Thousands of Americans are using retirement savings to start new businesses. Some thrive, others flounder. Is the gamble worth it?

CarMax CEO: How the company weathered the recession (Times-Dispatch)
A series of internal initiatives during the heart of the recession helped CarMax Inc. get through the darkest days of the financial downturn that rocked the auto industry, the top executive at the Goochland County-based auto retailer told shareholders yesterday.

Utility seeks permission to raise electricity rate (Virginian-Pilot)
Dominion Virginia Power has asked state regulators to approve another rate increase next year to cover construction costs for two power plants. The change would add $1.39 to the bills of residents who use 1,000 kilowatt-hours of electricity each month. If approved by the State Corporation Commission, it would take effect April 1.

Developer hopes to redefine Tysons West as he makes his mark (Washington Post)
The county handpicked a Georgelas project to demonstrate its vision  for urban development. The 28-acre residential, office and retail complex is being planned around the future Tysons West Metrorail station at Leesburg Pike and Spring Hill Road.

In Ordinary Lives, U.S. Sees the Work of Russian Agents (NY Times)
Not business news but really interesting. They had lived for more than a decade in American cities and suburbs from Seattle to New York, where they seemed to be ordinary couples working ordinary jobs, chatting to the neighbors about schools and apologizing for noisy teenagers.

Starting Up, and Conquering the Numbers (WSJ)
Many people start a business because they want to support themselves doing what they love. Too often, though, they neglect to focus on the numbers side of the business.

Should You Tap Your 401(k) to Start Your Business? (Entrepreneur)
Thousands of Americans are using retirement savings to start new businesses. Some thrive, others flounder. Is the gamble worth it?

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