Governor urges $2.2 billion to shore up state pensions (Times-Dispatch)
Gov. Bob McDonnell will propose spending an additional $2.2 billion on state employee and teacher pensions, as well as up to $77 million in performance bonuses for state workers in exchange for statewide budget savings.
Gearmaker to expand facility, hire 80 people in Virginia Beach (Virginian-Pilot)
German manufacturer IMS:Gear Virginia Inc. plans to spend $35.5 million to expand its Progress Lane facility, Gov. Bob McDonnell will announce today.
Shenandoah Life’s future hinges on vote (Roanoke Times)
Policyholders of Shenandoah Life Insurance Co. voted Thursday on a plan worked out by state regulators to restore the financial health of the Roanoke company, keeping policy benefits intact and the company in Roanoke.
Paying a ‘Sports Tax,’ Even if You Don’t Watch (NY Times)
Although “sports” never shows up as a line item on a cable or satellite bill, American television subscribers pay, on average, about $100 a year for sports programming — no matter how many games they watch. A sizable portion goes to the National Football League, which dominates sports on television and which struck an extraordinary deal this week with the major networks — $27 billion over nine years — that most likely means the average cable bill will rise again soon.
Lego Is for Girls (Business Week)
Focusing on boys saved the toymaker in 2005. Now the company is launching Lego Friends for “the other 50 percent of the world’s children.” Will girls buy in?
Why Amazon.com’s New App Is Creating a Stir (WSJ)
A new price-comparison tool for mobile phones has many small retail stores up in arms.
Seniors mind their business (Fortune)
These baby boomers and seniors take on and deftly handle entrepreneurship in the latter part of their lives.
The Weekly Wind-Down: New Facebook Feature Allows User To Cancel Account (Onion)
Satire: In its ongoing effort to enrich the way people connect and interact, social media website Facebook introduced a new feature Monday that allows users to cancel their accounts.