Dominion power proposes boosting its rates in Virginia (Virginian-Pilot)
The changes, which would roll out over 10 months starting in July, would mean a 6.9 percent increase in bills for a residential customer using 1,000 kilowatt hours of electricity per month.
Book binding manufacturer to lay off 79 NN workers (Daily Press)
Muller Martini Manufacturing Corp., a manufacturer of book binding machinery, will lay off 79 workers in its Newport News plant by May 29 due to a sharp decline in orders.
Four Banks Are First to Return U.S. Aid (Washington Post)
The concern now is that repayments by healthier banks will pressure less healthy banks to follow suit when they should conserve resources and that it will damage confidence in banks that cannot repay the money.
Stimulus-funded highway projects underway (USA Today)
Most early spending is flowing, as planned, into “shovel-ready” projects — a new bridge over a Louisiana bayou, the widening of a mountain road in Colorado — that wouldn’t have occurred this year without stimulus money.
Street Smarts: My First Year (Inc.)
The always enligthening column from Norm Brodsdky: When my start-up found itself face to face with catastrophe because of conditions beyond my control, I learned how to cope.
SOS: Send loans now (Fortune)
With bank lending to small businesses nearly frozen, these 8 entrepreneurs are among the thousands fighting for the credit lines and loans they need to keep their companies alive.