The Cavalier Daily
Serving the University Community Since 1890

Katie Archer

Competition heats up on the Corner

Competition is brewing on the Corner. And the economics of it could affect the way many students eat. Tired of paying a cut of their profits to the Corner Meal Plan's service and dealing with fraudulent student accounts, a group of 12 restaurant owners formed the Core Account Meal Plan, an alternative for University students to the Corner Meal Plan that formerly had the monopoly on non-University meal plans. Not having a middleman "is the basic core of it all," College Inn Restaurant owner George Mastakos said.

Job seekers weigh their stock options

It's all about the benefits. As graduating University students perform the dreaded job search, job hunters increasingly are weighing a job's benefits in addition to the salary package.

Ray heads local networking firm

Most Engineering students stay bogged down with work during their four years at the University. But simply being an engineer was not enough for one student.

Students vie for best case solution

Thursday and Friday 40 business-minded students came together with a mission: to deal with a travel publication company's billing mistake. The students were involved in the McIntire Consulting Group's first ever case competition, in which a professional consulting firm presented a sticky hypothetical financial situation to to aspiring young business men and women. Navigant Consulting, which sponsored the event and awarded the winners prize money, gave the students a situation in which a travel publication company had overstated circulation figures to many of its clients. The students had to work through the financial data and present their case to a panel of Navigant consultants who then judged which group had the best solution. The competition began Thursday at 5 p.m., when eight groups consisting of five students each received a case for which they had to come up with a plan of action.

Tuition Painters buys out competitor

After the recent acquisition of Student Painters, the North Carolina-based Tuition Painters company has become the largest student-run company in the eastern United States. Tuition Painters bought Student Painters in early February because of Student Painter's financial difficulties. The acquisition "was totally unexpected," Tuition Painter President Barry Lake said. "We received an e-mail from the Student Painters mid-Atlantic division head, stating that he would like to sell his company.

Market indexes reveal mixed economy

Lately, it seems to be the norm to have a mixed market. The Dow Jones Industrial Average has been closing on the down side, while the NASDAQ steadily rises. The Dow is an index of 30 "blue chip" stocks.

Darden group backs corporate ethics

Using the eco-friendly example of the trendy European-based furniture company, IKEA, a group of students from the Darden School are working toward encouraging socially responsible business practices. Students for Responsible Business, a Darden student group formed in 1994, is a chapter of the national organization, Net Impact, a network of emerging business leaders committed to using the power of business to create a better world through ethical practices. From 1982 to 1992, IKEA faced a crisis. Formaldehyde emissions from the particleboard and lacquer used on its bookshelves exceeded regulation limits. Sales dropped significantly and the company drew negative attention from the outside world.

Investing club elects managers

The McIntire Investment Institute, a student-run investing organization, elected new officers in December and will hold its first meeting of the new year today. Third-year Commerce student Andy Schoonover will return as the president this year.

Innovative site offers free music space

University alumni once again are making a name in the Internet world. A new online music company called is adding to the cutting edge of the industry by offering free digital music storage. University alumni Michael Crotty and Matt Fischer are executives at MyPlay, joining the ranks of alumni who have started Web sites like, which offers online tips for investors. Crotty, the vice president of manufacturing at Myplay, graduated from the Commerce School in 1987.

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