Newsfeeds 2.11.10

Virginia passes bill to limit legal claims on one firm (Washington Post)
The Virginia House of Delegates passed a bill that would help protect a single Fortune 500 company from asbestos lawsuits — a proposal that House Speaker William J. Howell has been quietly maneuvering to have his chamber support for weeks.

Job protection for gay state workers dies in House (Virginian-Pilot)
A bill that would have protected gay and lesbian state workers from discrimination died in a House subcommittee Tuesday, a day after the state Senate passed a similar bill for the first time

Smaller banks at risk if commercial real estate falters (USA Today)
A blizzard of commercial real estate defaults could bury hundreds of community banks, a congressional watchdog reports Thursday.

FirstEnergy In $4.7B Deal To Buy Electricity Peer Allegheny (WSJ)
The proposed combination comes amid a trying time for power producers, which have been dealing with a sustained drop in demand caused by the recession. Meanwhile, analysts have been waiting for when a potential new merger cycle in the sector would begin–several announced deals the past few years subsequently fell through.

How to Keep Office Romance From Poisoning the Workplace (Inc.)
Love has come out of the supply closet at the office, with a new poll finding that 67 percent of employees see no need to hide co-worker couplings. That’s up from 54 percent in 2005, according to a CareerBuilder survey of 5,231 employees released Tuesday.


Virginia passes bill to limit legal claims on one firm (Washington Post)
The Virginia House of Delegates passed a bill that would help protect a single Fortune 500 company from asbestos lawsuits — a proposal that House Speaker William J. Howell has been quietly maneuvering to have his chamber support for weeks.

Job protection for gay state workers dies in House (Virginian-Pilot)
A bill that would have protected gay and lesbian state workers from discrimination died in a House subcommittee Tuesday, a day after the state Senate passed a similar bill for the first time

Smaller banks at risk if commercial real estate falters (USA Today)
A blizzard of commercial real estate defaults could bury hundreds of community banks, a congressional watchdog reports Thursday.

FirstEnergy In $4.7B Deal To Buy Electricity Peer Allegheny (WSJ)
The proposed combination comes amid a trying time for power producers, which have been dealing with a sustained drop in demand caused by the recession. Meanwhile, analysts have been waiting for when a potential new merger cycle in the sector would begin–several announced deals the past few years subsequently fell through.

How to Keep Office Romance From Poisoning the Workplace (Inc.)
Love has come out of the supply closet at the office, with a new poll finding that 67 percent of employees see no need to hide co-worker couplings. That’s up from 54 percent in 2005, according to a CareerBuilder survey of 5,231 employees released Tuesday.


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