NewsFeeds 5.22.09

Rose & Womble buys Leading Edge Realty (Virginian-Pilot)
Rose & Womble Realty Co. announced Wednesday that it has purchased Leading Edge Realty, a small Virginia Beach-based real estate firm that specializes in new home sales. Leading Edge currently has 35 agents and staff. It was founded in 1988 by Scott Ayers, who will become a regional vice president at Rose & Womble specializing in new homes.

U.S. to Steer GM Toward Bankruptcy (Washington Post)
The Obama administration is preparing to send General Motors into bankruptcy as early as the end of next week under a plan that would give the automaker tens of billions of dollars more in public financing as the company seeks to shrink and reemerge as a global competitor, sources familiar with the discussions said

What Ever Happened to the Live Album? (Slate)
The live rock and roll album was once a prized way to break a little-known musical act into the spotlight; it worked for Cheap Trick and Talking Heads, too. These days, though, live albums are never breakthroughs, and almost always released by already established bands. Last week, Coldplay announced that it won’t even bother to sell its new live album, LeftRightLeftRightLeft. Instead, it will be offered as a free download on the weepy British rock band’s Web site. So who killed the live album as a cultural, musical, and commercial tour de force?

Traditional company pensions are going away fast (USA Today)
The number of companies offering traditional defined benefit pension plans was shrinking even before the recession, but the downturn has accelerated the decline. A recent survey by Watson Wyatt found that, for the first time, the majority of Fortune 100 companies are offering new salaried employees only one type of retirement plan: a 401(k) or similar “defined contribution” plan.

What the New Credit Card Bill Means for You (TheStreet.com)
Here is a summary of what proposed changes the House and Senate have come up with.

Can They Really Make Money Off the Dollar Menu? (WSJ)
A look at what the deals really cost and why have they become a battleground for franchisees

Rose & Womble buys Leading Edge Realty (Virginian-Pilot)
Rose & Womble Realty Co. announced Wednesday that it has purchased Leading Edge Realty, a small Virginia Beach-based real estate firm that specializes in new home sales. Leading Edge currently has 35 agents and staff. It was founded in 1988 by Scott Ayers, who will become a regional vice president at Rose & Womble specializing in new homes.

U.S. to Steer GM Toward Bankruptcy (Washington Post)
The Obama administration is preparing to send General Motors into bankruptcy as early as the end of next week under a plan that would give the automaker tens of billions of dollars more in public financing as the company seeks to shrink and reemerge as a global competitor, sources familiar with the discussions said

What Ever Happened to the Live Album? (Slate)
The live rock and roll album was once a prized way to break a little-known musical act into the spotlight; it worked for Cheap Trick and Talking Heads, too. These days, though, live albums are never breakthroughs, and almost always released by already established bands. Last week, Coldplay announced that it won’t even bother to sell its new live album, LeftRightLeftRightLeft. Instead, it will be offered as a free download on the weepy British rock band’s Web site. So who killed the live album as a cultural, musical, and commercial tour de force?

Traditional company pensions are going away fast (USA Today)
The number of companies offering traditional defined benefit pension plans was shrinking even before the recession, but the downturn has accelerated the decline. A recent survey by Watson Wyatt found that, for the first time, the majority of Fortune 100 companies are offering new salaried employees only one type of retirement plan: a 401(k) or similar “defined contribution” plan.

What the New Credit Card Bill Means for You (TheStreet.com)
Here is a summary of what proposed changes the House and Senate have come up with.

Can They Really Make Money Off the Dollar Menu? (WSJ)
A look at what the deals really cost and why have they become a battleground for franchisees

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