VDOT audit finds hundreds of millions unspent (Times-Dispatch)
An inattentive Virginia transportation bureaucracy left nearly $500 million unspent last year as interstate rest stops were shuttered and maintenance projects deferred by emergency budget cuts, a private audit to be released today shows.
Tech-defense company bringing 200 jobs to Suffolk (Virginian-Pilot)
A South Carolina-based defense contractor is moving into the northern end of the city, bringing 200 jobs over the next two years.
Blockbuster files for Chapter 11 bankruptcy (USA Today)
Troubled video-rental chain Blockbuster Inc. is filing for bankruptcy protection but will keep its stores and kiosks open as it reorganizes. In a submission to the U.S. Bankruptcy Court in the Southern District of New York on Thursday, the company said it plans to recapitalize its balance sheet and transform its business model.
Amid mountain of paperwork, shortcuts and forgeries mar foreclosure process (Washington Post)
The nation’s overburdened foreclosure system is riddled with faked documents, forged signatures and lenders who take shortcuts reviewing borrower’s files, according to court documents and interviews with attorneys, housing advocates and company officials.
Death of a Salesman. Of Lots of Them, Actually. (Slate)
The troubling disappearance of salesmen and how it helps explain America’s economic woes.
Why Office Romance Is on the Wane (Business Week)
With legal threats on the rise, especially from “third parties,” office affairs could be the latest recession casualty.
Do You Need a Sales Consultant? (Inc.)
The topic of sales consultants gets mixed reactions from entrepreneurs. Some swear by them, while others dismiss them as snake oil peddlers. Michael Davis hired one so that he could focus on running his business.