Amid Budget Crunch, Raos Spent $43K for VCU Trips (Style Weekly)
About a month after Virginia Commonwealth University raised tuition by 24 percent, its president, Michael Rao, spent $5,327 in state funds to fly to Sicily to attend an event at the University of Messina with which the school has academic ties. His wife, Monica, spent the same airfare for the trip in early June, but used nonstate funds.
Late loans portended Wachovia’s downfall (Times-Dispatch)
A fascinating banking story from the wire. For decades, Wachovia, one of the largest employers in the Richmond area, was considered a well-run conservative bank. A blue-chip stock, Wachovia pumped out dividends large and dependable enough to provide an affordable and comfortable retirement for many employees and investors. But Wachovia management had heard for years from Wall Street that it was not going to become a top 10 bank without expanding, which meant taking more risks.
Doc v. doc: Defamation claim filed following patient’s death (Virginia Lawyers Weekly)
Accusations of bad medical practice spilled from the operating room to the courtroom in a Roanoke case now headed for trial. A doctor who claims he was accused of “euthanizing” a patient gets to try his $2.35-million defamation case against the doctor who allegedly made the statement, after a judge’s ruling this month.
Kluge woes continue with housing development foreclosure (Daily Progress)
Five lots of the 24-lot Albemarle County residential development Vineyard Estates near the Kluge Vineyard and Winery are in foreclosure and scheduled for a Jan. 11 auction on the county courthouse steps.
Ford to let parents censor teens’ car radio (USA Today)
Ford Motor is giving parents the chance to send Howard Stern a message: Stay away from my teenage driver. The automaker will announce today that it will create a system that allows parents to block 16 channels on Sirius Satellite Radio that could carry raunchy programming. The channels include those of shock jock Stern, Playboy, Hip-Hop Nation and Raw Dog Comedy.
5 Money Myths of a Snowstorm (MoneyMagazine)
When the snow falls , as it did for more than 12 hours on the East Coast yesterday, it brings with it varied economic effects – or so we’re told. Among other conventional snowstorm predictions, stores are supposed to make up for lost traffic with big sales, home prices will fall as frigid sellers grow desperate, and alert stock traders are in luck, because light volume means buying opportunities. But as it turns out, there’s more convention than wisdom in these yarns. Here, we separate five snowstorm myths from reality.
Entrepreneurs We Lost in 2010 (Inc.)
Inc. honors some of the illustrious entrepreneurs who died this year, from the computing pioneer who mentored Bill Gates to the man who brought us Cheez Doodles.
Year in Review: Are IPOs Gone for Good? (WSJ)
The downturn slowed initial public offerings. Will they return?
Amid Budget Crunch, Raos Spent $43K for VCU Trips (Style Weekly)
About a month after Virginia Commonwealth University raised tuition by 24 percent, its president, Michael Rao, spent $5,327 in state funds to fly to Sicily to attend an event at the University of Messina with which the school has academic ties. His wife, Monica, spent the same airfare for the trip in early June, but used nonstate funds.
Late loans portended Wachovia’s downfall (Times-Dispatch)
A fascinating banking story from the wire. For decades, Wachovia, one of the largest employers in the Richmond area, was considered a well-run conservative bank. A blue-chip stock, Wachovia pumped out dividends large and dependable enough to provide an affordable and comfortable retirement for many employees and investors. But Wachovia management had heard for years from Wall Street that it was not going to become a top 10 bank without expanding, which meant taking more risks.
Doc v. doc: Defamation claim filed following patient’s death (Virginia Lawyers Weekly)
Accusations of bad medical practice spilled from the operating room to the courtroom in a Roanoke case now headed for trial. A doctor who claims he was accused of “euthanizing” a patient gets to try his $2.35-million defamation case against the doctor who allegedly made the statement, after a judge’s ruling this month.
Kluge woes continue with housing development foreclosure (Daily Progress)
Five lots of the 24-lot Albemarle County residential development Vineyard Estates near the Kluge Vineyard and Winery are in foreclosure and scheduled for a Jan. 11 auction on the county courthouse steps.
Ford to let parents censor teens’ car radio (USA Today)
Ford Motor is giving parents the chance to send Howard Stern a message: Stay away from my teenage driver. The automaker will announce today that it will create a system that allows parents to block 16 channels on Sirius Satellite Radio that could carry raunchy programming. The channels include those of shock jock Stern, Playboy, Hip-Hop Nation and Raw Dog Comedy.
5 Money Myths of a Snowstorm (MoneyMagazine)
When the snow falls , as it did for more than 12 hours on the East Coast yesterday, it brings with it varied economic effects – or so we’re told. Among other conventional snowstorm predictions, stores are supposed to make up for lost traffic with big sales, home prices will fall as frigid sellers grow desperate, and alert stock traders are in luck, because light volume means buying opportunities. But as it turns out, there’s more convention than wisdom in these yarns. Here, we separate five snowstorm myths from reality.
Entrepreneurs We Lost in 2010 (Inc.)
Inc. honors some of the illustrious entrepreneurs who died this year, from the computing pioneer who mentored Bill Gates to the man who brought us Cheez Doodles.
Year in Review: Are IPOs Gone for Good? (WSJ)
The downturn slowed initial public offerings. Will they return?