Former bank executive admits to bilking $50,000 (Daily Progress)
A 20-year employee of SunTrust Bank branches in the Charlottesville area and Southwestern Virginia exploited a banking loophole to take more than $50,000 from the company, authorities said Monday.
Surprise layoffs shock Radford University (Roanoke Times)
Dozens of students and some retired faculty protested the layoffs of Radford University administrators Monday at a hastily organized demonstration in Walker Hall.
In Washington, a Two-Tire Industry Goes Flat (Washington Post)
The courier business — for decades a quirky by-product of Washington’s No. 1 industry, paper-pushing — finds itself in rapid decline. Tighter security restrictions imposed after the Sept. 11, 2001, attacks have closed off many government office corridors to couriers, and the recession has dampened activity at law firms and lobbying shops, rendering the life of a time-sensitive document in the District a lot more boring.
Can You Earn a Living Teaching Yoga? (Slate)
Beaten up by the economy, more people are looking for solace on a yoga mat. And they’re not just angling for a good spot on the floor. Many want to stand at the front of the room, as an instructor. The unemployment line has led straight into yoga studios, where the recession has brought an uptick in teacher training enrollment.
Judge Rejects Settlement Over Merrill Bonuses (NY Times)
The sharply worded ruling, which invoked justice and morality, seemed to speak not only to the controversial deal, but also to the anger across the nation over the excesses that led to the financial crisis, and the lax regulation in Washington that permitted those excesses to flourish.
Drugmaker Eli Lilly will reorganize and cut 5,500 jobs (USA Today)
Facing huge financial pressures, drugmaker Eli Lilly said today that it plans to cut employees worldwide by 5,500, or about 13%, by the end of 2011, as part of a move to slash $1 billion in costs.
The rise of the online MBA (BNET)
As online education grows in popularity — and brand-name B-schools rush to meet the demand — the reputation of online MBA programs is changing for the better.
10 Tips for the First-Time Business Owner (Entrepreneur)
Editor’s Pick. take note of number 8. Be Healthy. No, I’m not your mother. However, I promise that you will be much more productive when you take better care of yourself. Entrepreneurship is a lifestyle, not a 9-to-5 profession. Working to the point of exhaustion will burn you out and make you less productive. Don’t make excuses. Eat right, exercise and find time for yourself.
