7.03.08

Is Circuit City Headed for a Blowout? (Business Week)
Blockbuster's decision not to buy the retailer sent the stock tumbling. A Chapter 11 bankruptcy filing may be in the offing

Other Circuit City buyers expected (Times-Dispatch)
Investor Mark J. Wattles, president of Wattles Management LLC, said last week that he expected an announcement from a buyer by the end of this month.

Faces of Coal (Blue Ridge Outdoors Magazine)
Mountain removal mining has been called the systematic genocide of Appalachia—with a barrage of alarming statistics to its credit. Almost 500 named mountains have been completely destroyed. Over 1,500 miles of streams have been buried with the resulting waste.
BizSense's take: Definitely a left-of-center tinge to the story, but an important read to learn about the true costs of the coal business.  

Jobless rate rises in Virginia, area (Times-Dispatch)
Hard-hit Petersburg sees its rate increase by a full point to 7%

Va. law aims to help people on the verge of losing homes (Virginia-Pilot)
A change in state law Tuesday requires that lenders and mortgage-servicing companies send delinquent borrowers with high-interest loans the names of housing counselors who can provide foreclosure-prevention guidance.

Owners Wouldn't Quit for More Money (WSJ)
ven as they eye the U.S. economy worriedly and face tough challenges themselves, a majority of small-business owners said they're content to stick to what they're doing -- even if offered more money to work for someone else.