NewsFeeds 6.14.11

Class-action suit alleges fraud at Henrico for-profit school (Times-Dispatch)
Some great reporting from the TD. Plaintiffs filed a class-action lawsuit last week in U.S. District Court in Washington against RSHT, formerly known as Richmond School of Health and Technology. The suit alleges that the school targets poor and minority students and enriches itself through the loans it receives from the U.S. Department of Education.

Aetna buys Genworth Financial business for $290M (AP)
Aetna Inc. said Monday it will buy the Medicare supplement business of Genworth Financial Inc. for about $290 million, as it becomes the latest health insurer to announce a plan that capitalizes on the aging baby boomer population.

Sierra Nevada considers plant site in Christiansburg area (Roanoke Times)
Sierra Nevada Brewing Co. has a Christiansburg location on a short list of expansion possibilities.

American Girl readies new store in Tysons Corner Center (Washington Post)
Spanning 23,000 square feet on two floors of the McLean mall, the store features American Girl’s signature line of 18-inch dolls, complete with clothing, accessories, books and magazines that chronicle their lives in various eras of U.S. history. The store’s 200 employees studied this extensive lineup, during their week-long training.

High Hopes at Miracle-Gro in Medical Marijuana Field (WSJ)
Scotts Miracle-Gro has long sold weed killer. Now, it’s hoping to help people grow killer weed. The company is exploring targeting medical marijuana to boost sales.

Pandora IPO ready to rock Wall Street (USA Today)
Oakland-based Pandora is expected to begin trading Wednesday on the New York Stock Exchange and will further test the appetite for tech initial public offerings and investor taste for music services.

MBA Pay: The $3.6 Million Degree (Business Week)
New research into long-term MBA pay suggests you get what you pay for. Top schools like Harvard, Wharton, and Stanford leave the rest of the pack in the dust.

Doomsday bunkers for under $10,000! (Fortune)
A company that sells luxury doomsday shelters is branching out with a new “economy class” bunker that costs $9,950. Vivos is building the cheaper facility to accommodate the growing number of people worried about “life-extinction events” such as super volcanoes and asteroids but can’t afford to shell out $35,000 for the fancier model.

Class-action suit alleges fraud at Henrico for-profit school (Times-Dispatch)
Some great reporting from the TD. Plaintiffs filed a class-action lawsuit last week in U.S. District Court in Washington against RSHT, formerly known as Richmond School of Health and Technology. The suit alleges that the school targets poor and minority students and enriches itself through the loans it receives from the U.S. Department of Education.

Aetna buys Genworth Financial business for $290M (AP)
Aetna Inc. said Monday it will buy the Medicare supplement business of Genworth Financial Inc. for about $290 million, as it becomes the latest health insurer to announce a plan that capitalizes on the aging baby boomer population.

Sierra Nevada considers plant site in Christiansburg area (Roanoke Times)
Sierra Nevada Brewing Co. has a Christiansburg location on a short list of expansion possibilities.

American Girl readies new store in Tysons Corner Center (Washington Post)
Spanning 23,000 square feet on two floors of the McLean mall, the store features American Girl’s signature line of 18-inch dolls, complete with clothing, accessories, books and magazines that chronicle their lives in various eras of U.S. history. The store’s 200 employees studied this extensive lineup, during their week-long training.

High Hopes at Miracle-Gro in Medical Marijuana Field (WSJ)
Scotts Miracle-Gro has long sold weed killer. Now, it’s hoping to help people grow killer weed. The company is exploring targeting medical marijuana to boost sales.

Pandora IPO ready to rock Wall Street (USA Today)
Oakland-based Pandora is expected to begin trading Wednesday on the New York Stock Exchange and will further test the appetite for tech initial public offerings and investor taste for music services.

MBA Pay: The $3.6 Million Degree (Business Week)
New research into long-term MBA pay suggests you get what you pay for. Top schools like Harvard, Wharton, and Stanford leave the rest of the pack in the dust.

Doomsday bunkers for under $10,000! (Fortune)
A company that sells luxury doomsday shelters is branching out with a new “economy class” bunker that costs $9,950. Vivos is building the cheaper facility to accommodate the growing number of people worried about “life-extinction events” such as super volcanoes and asteroids but can’t afford to shell out $35,000 for the fancier model.

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