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August 2012 Archives

New work visa program presents challenge for small businesses

Many Fairfax readers are already aware of a recent change to immigration policy made by an executive order earlier this year. The change provides for what is known as deferred action status, which allows young people who were brought to the country illegal by their parents to defer deportation orders and obtain a work visa. As many as 1.76 million people could obtain a work visa under the new program.

JC Penney hit with contract lawsuit in new battle with Macy's

For the second time this year, Macy's has filed a lawsuit over an ongoing contractual disagreement regarding Martha Stewart Living Omnimedia products. Macy's claims they have an exclusive right to sell the products, but earlier this year MSLO penned a deal with J.C. Penney for the similar rights.

Nut allergy leads to breach of contract suit for school

A religious private school is being sued by the parents of a former student for breach of contract and breach of fiduciary duty. The lawsuit alleges that the school did not uphold the agreement that it made with the parents of the student to take some measures to protect her from exposure to nuts and to treat an allergic reaction if it occurred.

Pros and cons to private equity for small businesses

Private equity firms have been in the news a lot recently, as presidential contender Mitt Romney's history in the industry is examined. Although Mr. Romney's tenure at a private equity firm has been exhaustively covered, many small business owners don't know a lot about the role of private equity and how it could affect their business.

Starbucks announces partnership with mobile payment company

Many Virginia small businesses already know about the convenience of new pay-by-phone technologies. Cash and check used to be the cheapest, easiest way for independent contractors and startups to take payments from customers, but now credit card scanners that plug into smart phones are becoming a more accessible way to process payment.

William and Mary considers merger with local medical school

The College of William and Mary and the Eastern Virginia School of Medicine announced recently that they are considering a merger. The merger would make EVSM the medical school at the College of William and Mary. The two parties have issued a statement saying that they will be "exclusively exploring" this possibility, but gave no specific timetable for the study or the ultimate decision.

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