Hampton Roads Bankshares names new CEO (Virginian-Pilot)
The Norfolk-based parent of Bank of Hampton Roads, Gateway Bank and Shore Bank said it tapped John A.B. “Andy” Davies, who headed Virginia Beach Savings Bank in the 1990s. Davies later became president of the Virginia market of Rocky Mount, N.C.-based Centura Bank before departing in 2004 to start a bank consulting firm.
College Athletes Stuck With the Bill After Injuries (NY Times)
University officials say they go out of their way to inform students about the limits of insurance. Yet the situation has confused and frustrated athletes and their families, some of whom have had to shoulder large and unexpected medical bills.
Foreclosures up: 1 in 84 homes affected in first half of year (USA Today)
Foreclosures are continuing to set records despite the Obama administration’s $75 billion plan to help borrowers at risk of losing their homes. There were 1.9 million foreclosure filings in the first six months of this year, a 15% increase from the first six months of 2008, according to a report today from RealtyTrac. One in 84 homes received a foreclosure filing in the first half of the year.
Small Business Faces Big Bite (WSJ)
House Democrats on Tuesday unveiled sweeping health-care legislation that would hit all but the smallest businesses with a penalty equal to 8% of payroll if they fail to provide health insurance to workers.ne in 84 homes received a foreclosure filing in the first half of the year.
How to Start a Restaurant (Inc.)
It’s fine to be inexpensive, says Larry Leith of Tokyo Joe’s. But don’t go too cheap.