Files detail LandAmerica money woes (Times-Dispatch)
In the weeks before LandAmerica 1031 Exchange Services Inc. declared bankruptcy, the company knew it had mounting money problems but continued to take on new customers and their money.
Patrick Henry Hotel to be auctioned off (Roanoke Times)
The now-closed Patrick Henry Hotel on South Jefferson Street is in foreclosure. The 125-room hotel is scheduled to be sold to the highest bidder on the steps of the city courthouse Wednesday at 9:30 a.m
Hilton Hotels Set to Move In (Washington Post)
The first of more than 300 Hilton Hotels employees are to begin moving into the company’s new world headquarters in Tysons Corner on Monday, adding a third hotel industry giant to the Washington region, after Marriott International in Bethesda and Choice Hotels International in Silver Spring.
Give BB&T Liberty, but Not a Bailout (NY Times)
Editor’s Pick. Ayn Rand, who died in 1982, has all sorts of admirers on Wall Street, in corporate boardrooms and in the entertainment industry, including the hedge fund manager Clifford Asness, the former baseball great Cal Ripken Jr. and the Whole Foods chief executive, John Mackey. But John Allison, who remains BB&T’s chairman after retiring as chief executive in December, has emerged as perhaps the most vocal proponent of Ms. Rand’s ideas and of the dangers of government meddling in the markets. For a dedicated Randian like him, the government’s headlong rush to try to rescue and fix the economy is a horrifying realization of his worst fears.
Twitter Doesn’t Yet Measure Up For Advisers (WSJ)
For building a financial adviser’s business, Twitter might not be all it’s tweeted up to be. Droves of financial advisers who flocked to the micro-blogging site as a route to new clients haven’t gotten the results they wanted. Others are confronting a host of compliance issues around what advisers can say in such a public arena.
How to Derive a Value Proposition (BNET)
What do you do better than anyone does? What does your company offer that competitors can’t match? Why would customers buy one company’s product or service as opposed to another’s? What is your competitive differentiation? These are all definitions of a critical business concept called “value proposition.”