Creditors want cuts in fees of attorneys (Times-Dispatch)
The creditors question requests for more than $3.8 million in fees and expenses from four law firms and one financial advising company for work done from March 1 to May 31, according to court documents. Two of the firms — McGuireWoods and Tavenner & Beran — are from Richmond. BizSense will post the documents, as well as the dollar amounts later today.
Hampton Roads Bankshares withdraws stock offering (Virginian-Pilot)
Hampton Roads Bankshares Inc., citing a lack of sufficient investor support, said Wednesday that it withdrew a public offering for as many as 32.5 million new common shares.
Report: UVa, UCLA tie for 2nd best public university (Daily Progress)
The University of Virginia maintains its status as the nation’s second best public university in U.S. News & World Report’s annual rankings — but this year UVa has some company in the No. 2 spot.
Can Twitter Be Saved? (Slate)
Twitter has become so ubiquitous so fast that it’s almost impossible to imagine it disappearing. But it can. The irony of Twitter is that even as it becomes more pervasive, it is in danger of very quickly becoming markedly less useful. Twitter is in danger of collapsing under its own weight. Not because of its problems keeping up with traffic—those are solvable—but because the volume of material that Twitter unleashes now puts impossible demands on its users’ time and attention.
Angel Investors Become a Little Less So (NY Times)
Venture capital is running at the lowest levels in more than a decade, and angel investors, who invest in far smaller companies than venture capital funds do, are holding back, too.
Smartphone Apps Fuel Business (WSJ)
Between documenting expenses and processing credit cards from just about anywhere in the U.S., smartphone applications have changed the way many small businesses operate. Now, more firms are turning to these apps to enhance the way customers interact with their products and services — and even boost their bottom lines.