Mortgage on Circuit City headquarters a ‘loan of concern’ (Times-Dispatch)
Now the tenant, Circuit City Stores Inc., is bankrupt, and the bonds that its western Henrico County headquarters helped to finance have been downgraded. The mortgage on Circuit City’s now-empty headquarters – arranged by a now-defunct firm that sold the loan to itself and then sold bonds partly based on the loan to investors – is now a “loan of concern,”
Where There’s No Smoke, Altria Hopes There’s Fire (NY Times)
A great strategy story. Altria’s motives for submitting to strict oversight have long been a mystery. Did the company and its executives, who were internally pursuing a strategy of “societal alignment,” suddenly embrace a true partnership on public health? Or was this a case, as its longtime foes and competitors have argued, of Altria seeking to generate good P.R. or lock in its market dominance by cozying up to a regulator that could restrict rivals from marketing new products?
Commonwealth Bank reworks report; loss widens $15M (Virginian-Pilot)
Under pressure from regulators, the parent of Bank of the Commonwealth said Friday that it will restate its financial results for the nine months through Sept. 30 and increase its reserve for loan losses by more than 50 percent. As part of the restatement, its loss for the July-through-September quarter will climb to $27.4 million from the $12.4 million loss it previously reported.
The Most Corrupt Politicians In America (TheStreet.com)
There are 12 congressmen on the list and three senators. Seven are Republicans and eight are Democrats, and all of them seem to have been caught with their hand in the cookie jar, so to speak.
The Ghost Speaks (Entrepreneur)
Some of the best ghostbloggers come out of the shadows to talk about how they work, what they charge and who their clients are.
Mortgage on Circuit City headquarters a ‘loan of concern’ (Times-Dispatch)
Now the tenant, Circuit City Stores Inc., is bankrupt, and the bonds that its western Henrico County headquarters helped to finance have been downgraded. The mortgage on Circuit City’s now-empty headquarters – arranged by a now-defunct firm that sold the loan to itself and then sold bonds partly based on the loan to investors – is now a “loan of concern,”
Where There’s No Smoke, Altria Hopes There’s Fire (NY Times)
A great strategy story. Altria’s motives for submitting to strict oversight have long been a mystery. Did the company and its executives, who were internally pursuing a strategy of “societal alignment,” suddenly embrace a true partnership on public health? Or was this a case, as its longtime foes and competitors have argued, of Altria seeking to generate good P.R. or lock in its market dominance by cozying up to a regulator that could restrict rivals from marketing new products?
Commonwealth Bank reworks report; loss widens $15M (Virginian-Pilot)
Under pressure from regulators, the parent of Bank of the Commonwealth said Friday that it will restate its financial results for the nine months through Sept. 30 and increase its reserve for loan losses by more than 50 percent. As part of the restatement, its loss for the July-through-September quarter will climb to $27.4 million from the $12.4 million loss it previously reported.
The Most Corrupt Politicians In America (TheStreet.com)
There are 12 congressmen on the list and three senators. Seven are Republicans and eight are Democrats, and all of them seem to have been caught with their hand in the cookie jar, so to speak.
The Ghost Speaks (Entrepreneur)
Some of the best ghostbloggers come out of the shadows to talk about how they work, what they charge and who their clients are.