NewsFeed 6.20.09

New set of problems for Marquis (Virginia Gazette)
York County may take control of a Williamsburg shopping enter and sell it to pay off the bonds that helped build the infrastructure.  The current lender for The Marquis, a center with a Best Buy and Target, is CIT.

Former GVA Advantis brokers land new jobs (Virginian-Pilot)
Seventeen former GVA Advantis brokers landed new jobs last week in the wake of the commercial real estate firm shuttering its brokerage units in Norfolk and Newport News.

Luna Innovations files for Chapter 11 (Roanoke Times)
Roanoke-based Luna Innovations Inc. filed for bankruptcy protection in Virginia on Friday morning, as the company seeks to reduce the amount it owes a California company from $36.3 million to $1.3 million. With locations in Roanoke, Blacksburg, Charlottesville and Danville, Luna officials said the bankruptcy filing will not affect operations or the employment of its approximately 200 workers.

Report: CIT board OKs $3 billion rescue loan (USA Today)
While lender CIT Group (CIT) fights for survival, many of its small and midsize business customers are lining up new lenders, and its rivals are angling for its business.

Why You’re Wasting Money on Bottled Water (TheStreet.com)
Americans spend more than $11 billion a year on bottled water, according to government estimates, but it might not be cleaner or safer than what you can get from the tap.

ARC Loans’ Weak First Month (BusinessWeek)
The SBA loan program is meant to help viable small businesses survive “immediate financial hardship.” So far, it seems inadequate for the scope of the problem

New set of problems for Marquis (Virginia Gazette)
York County may take control of a Williamsburg shopping enter and sell it to pay off the bonds that helped build the infrastructure.  The current lender for The Marquis, a center with a Best Buy and Target, is CIT.

Former GVA Advantis brokers land new jobs (Virginian-Pilot)
Seventeen former GVA Advantis brokers landed new jobs last week in the wake of the commercial real estate firm shuttering its brokerage units in Norfolk and Newport News.

Luna Innovations files for Chapter 11 (Roanoke Times)
Roanoke-based Luna Innovations Inc. filed for bankruptcy protection in Virginia on Friday morning, as the company seeks to reduce the amount it owes a California company from $36.3 million to $1.3 million. With locations in Roanoke, Blacksburg, Charlottesville and Danville, Luna officials said the bankruptcy filing will not affect operations or the employment of its approximately 200 workers.

Report: CIT board OKs $3 billion rescue loan (USA Today)
While lender CIT Group (CIT) fights for survival, many of its small and midsize business customers are lining up new lenders, and its rivals are angling for its business.

Why You’re Wasting Money on Bottled Water (TheStreet.com)
Americans spend more than $11 billion a year on bottled water, according to government estimates, but it might not be cleaner or safer than what you can get from the tap.

ARC Loans’ Weak First Month (BusinessWeek)
The SBA loan program is meant to help viable small businesses survive “immediate financial hardship.” So far, it seems inadequate for the scope of the problem

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