NewsFeeds 12.15.11

 

McDonnell wants $100 million more for colleges (Times-Dispatch)
Gov. Bob McDonnell said Wednesday that he will seek an additional $100 million a year for higher education over the next biennial budget.

Va. Beach builder told to pay money owed to 401(k) (Virginian-Pilot)
The U.S. Department of Labor sued McIntyre Construction Inc. and its vice president, Robert Lewis Berkopec, in March in U.S. District Court in Alexandria. The suit alleged that Berkopec and the company collected employees’ contributions to their 401(k) accounts between 2006 and 2009 but used them instead “to fund corporate operations and pay other creditors.”

For Groupon, Faint Praise From Its Underwriters (NY Times)
Many of the banks that helped prepare Groupon for the public markets are hesitant to buy its shares.

Stores see huge returns from holiday shoppers, but not the kind they want (Washington Post)
In tight economic times, consumers are bringing more merchandise back before it gets to Santa’s sack.

Healthy Craving Feeds ‘Kind’ Bars (WSJ)
Daniel Lubetzky couldn’t find the kind of healthy, portable snack food he craved. So in 2003 he developed one on his own, called it Kind, and began selling it to others.

The $750 Million ‘Mistake’ (Inc.)
Wences Casares, the Argentina-born serial entrepreneur with more than a billion dollars in start-up exits, is not exactly proud of his biggest company sale. Here’s why.

Franchise 500 List for 2012 (Entrepreneur)
No. 1 on Entrepreneur’s list is not a burger chain, but a hotel. And No. 10 is a donut chain with too few locations in Richmond.

 

McDonnell wants $100 million more for colleges (Times-Dispatch)
Gov. Bob McDonnell said Wednesday that he will seek an additional $100 million a year for higher education over the next biennial budget.

Va. Beach builder told to pay money owed to 401(k) (Virginian-Pilot)
The U.S. Department of Labor sued McIntyre Construction Inc. and its vice president, Robert Lewis Berkopec, in March in U.S. District Court in Alexandria. The suit alleged that Berkopec and the company collected employees’ contributions to their 401(k) accounts between 2006 and 2009 but used them instead “to fund corporate operations and pay other creditors.”

For Groupon, Faint Praise From Its Underwriters (NY Times)
Many of the banks that helped prepare Groupon for the public markets are hesitant to buy its shares.

Stores see huge returns from holiday shoppers, but not the kind they want (Washington Post)
In tight economic times, consumers are bringing more merchandise back before it gets to Santa’s sack.

Healthy Craving Feeds ‘Kind’ Bars (WSJ)
Daniel Lubetzky couldn’t find the kind of healthy, portable snack food he craved. So in 2003 he developed one on his own, called it Kind, and began selling it to others.

The $750 Million ‘Mistake’ (Inc.)
Wences Casares, the Argentina-born serial entrepreneur with more than a billion dollars in start-up exits, is not exactly proud of his biggest company sale. Here’s why.

Franchise 500 List for 2012 (Entrepreneur)
No. 1 on Entrepreneur’s list is not a burger chain, but a hotel. And No. 10 is a donut chain with too few locations in Richmond.

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