NewsFeeds 10.28.10

Developer buys Chesapeake business park site (Virginian-Pilot)
A developer has acquired 54 acres of land near the Gilmerton Bridge with the intent of developing an industrial park.

Yokohama Tire Corp. to expand its operation in Salem (Roanoke Times)
Yokohama Tire Corp. will spend $13 million and add at least 50 jobs to expand tire-making at its factory in Salem, the company said Wednesday.

Hospital seeks $30M boost (Freelance-Star)
Mary Washington Healthcare wants to raise $30 million for projects at its two area hospitals, and it has asked Fredericksburg’s Economic Development Authority for help.

The Blundering Herd (Vanity Fair)
Editor’s Pick, and best to print because it’s long. For nearly a century of solid profitability, Merrill Lynch was the company that brought Wall Street to Main Street, turning tens of millions of Americans into investors. But by the early 2000s, under C.E.O. Stanley O’Neal, it had developed a raging case of Goldman Sachs envy and began a blind stampede into unprecedented risk. In an excerpt from their new book, Bethany McLean and Joe Nocera chart the evisceration of the “Mother Merrill” culture as the firm crashed head-on with the mortgage meltdown.

Raising Prices Pays Off for Some (WSJ)
As Many Small Businesses Look for Ways to Charge Customers Less, a Few Try the Opposite Approach.

The Emerging Barter Nation (Inc.)
In the new New Economy, consumers are embracing ancient forms of commerce, like barter. So instead of money, the currency traded is skills, sometimes in the form of piano lessons.

Developer buys Chesapeake business park site (Virginian-Pilot)
A developer has acquired 54 acres of land near the Gilmerton Bridge with the intent of developing an industrial park.

Yokohama Tire Corp. to expand its operation in Salem (Roanoke Times)
Yokohama Tire Corp. will spend $13 million and add at least 50 jobs to expand tire-making at its factory in Salem, the company said Wednesday.

Hospital seeks $30M boost (Freelance-Star)
Mary Washington Healthcare wants to raise $30 million for projects at its two area hospitals, and it has asked Fredericksburg’s Economic Development Authority for help.

The Blundering Herd (Vanity Fair)
Editor’s Pick, and best to print because it’s long. For nearly a century of solid profitability, Merrill Lynch was the company that brought Wall Street to Main Street, turning tens of millions of Americans into investors. But by the early 2000s, under C.E.O. Stanley O’Neal, it had developed a raging case of Goldman Sachs envy and began a blind stampede into unprecedented risk. In an excerpt from their new book, Bethany McLean and Joe Nocera chart the evisceration of the “Mother Merrill” culture as the firm crashed head-on with the mortgage meltdown.

Raising Prices Pays Off for Some (WSJ)
As Many Small Businesses Look for Ways to Charge Customers Less, a Few Try the Opposite Approach.

The Emerging Barter Nation (Inc.)
In the new New Economy, consumers are embracing ancient forms of commerce, like barter. So instead of money, the currency traded is skills, sometimes in the form of piano lessons.

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