PORT WASHINGTON – Systemax Inc. (NYSE: SYX) said that it will purchase selected assets of Circuit City’s e-commerce business for $6.5 million in cash plus a share of future revenue generated utilizing those assets over a 30 month period. This is smart. Please read our old on the issue fromMORE HERE

YORK, Pa.-We watch carefully the fate of Bon-Ton Stores, Inc. (NASDAQ: BONT), which owns some great old legacy department store names that include: Carson Pirie Scott, Bon-Ton Bergner’s Boston Store Elder-Beerman Herberger’s Younkers Parisian It’s not a “bon” scene at Bon Ton, as their stock is less than $2 aMORE HERE

RICHMOND – I am a bit partial to the Association for the Preservation of Virginia Antiquities. They saved Jamestown Island, began the effort to save Williamsburg and have saved hundreds of historic houses across the state with their many affiliate groups. They have been a strong and potent advocate forMORE HERE

Just reading the recent news on the Maersk ship Alabama, an American-flagged vessel hijacked off of Africa in an area known for pirates. GlobalSecurity.org has the ships being commissioned by the Maritime Administration. “It’s a very significant foreign policy challenge for the Obama administration,” said Graeme Gibbon Brooks, managing directorMORE HERE

CHICAGO – A few stats from Mintel’sl research reports on food and drink markets that are actually being improved by recessionary woes. “Over the past year, we’ve seen people trying to save money on food by either dining out less, cutting supermarket bills, or both. More people cook at homeMORE HERE

FRAMINGHAM, Mass. – Unilever said will be closing its ice cream plant in Framingham, Massachusetts. “Unilever continually looks for ways to achieve greater efficiencies across our Supply Chain network,” said Steve Rosemary, director of manufacturing, Unilever Ice Cream. “After a long and careful analysis, we have determined that greater efficienciesMORE HERE