Union, First Market merger approved (Times-Dispatch)
Union Bankshares Corp. cleared its last hurdle yesterday in combining with First Market Bank.
Investor sues brokerage, seeking return of funds (Virginian-Pilot)
An investor is seeking $1.89 million from the Newport News brokerage firm MICG Investment Management and its CEO, contending that they failed to liquidate and return his investments as promised.
New Millennium lays off 47 in Salem (Roanoke Times)
The New Millennium Building Systems manufacturing plant in Salem discharged 47 employees, or about 29 percent of its work force, Thursday.
Anger over Wall Street’s big bonuses resurfaces, despite Obama policies (Washington Post)
After a yearlong effort by the Obama administration to reform how Wall Street pays its executives, some of the nation’s biggest banks beginning Friday will pay out bonuses nearly as large as those in the best years before the crisis.
Three Best Ways to Win a New Client (WSJ)
Many small businesses ring in the new year by taking a fresh approach to winning new clients. Whether you plan to reinvent your company or just attract an untapped demographic, there are a few ways to achieve your goals.
5 Ways the Recession is Changing Boards of Directors (Inc.)
The recession is changing the relationship between CEOs and their boards of directors and here are 5 ways the status quo on issues like executive pay and succession is shifting.