New York based Ledgemont Capital investment bank bankrupt.  Assets will be sold to repay creditors.  Obviously people will lose their jobs.

Christian Lourdes University, in Ohio, laid of eight administrators.  Salaries have also been reduced.  The Catholic school blamed it on declining enrollment.

In Michigan, Boyne City Board of Education wants to privatize janitor operations.  13 jobs affected.  Watch Hill Home Interiors closed in Birmingham.  The antique store owners said “The store itself is closing due to economic factors and other things. It’s sad, but it’s kind of just the way it goes these days.”-Julie Suspanich

The Christian New England Baptist Hospital in Boston, Massachusetts, laid off 12 managers.  Hospital officials said they need to “…ensure that our financial future remains strong.”  And in Hopkinton, after 25 years Vintage Books shut down.  The owner said the economy is so bad that for the past four years she couldn’t cover operating costs: “In this economy, the business of selling books has become very difficult. Now, people are buying eBooks or reading them on their iPads. They don’t browse anymore.”-Nancy Haines

After 98 years in business, Sledge Hardware in Alabama shut down.  Anne Sledge Bailey, the owner, said “It’s time to cut back a little.”   She also blamed suppliers ending their policy of extending credit to mom & pop operations.  Crossroads Music Hall and Barrel House both shut down in Huntsville, on the same day.  The owners of the Barrel House blamed the bad economy.  The Music Hall is moving to a new location.

Despite the oil boom in North Dakota, the bird store Birds Out On A Limb, in Bismarck, closed for good.  The owner blamed it on the bad economy made worse by competition from national pet stores: “It’s been hard for us.”-Kathy Benesh