Newsfeeds 2.25.10

Bear Island Paper Co. files for bankruptcy (Times-Dispatch)
Bear Island, which employs about 200 people at its newsprint manufacturing mill in northern Hanover County, filed for Chapter 11 reorganization yesterday

Number of local homeowners ‘underwater’ grows to 22% (Virginian Pilot)
The number of homeowners in Hampton Roads who owed more on their mortgages than their homes were worth grew to more than 72,000 at the end of last year, according to a new report. That is nearly one in four homeowners

House passes antitrust repeal (Daily Progress)
Perriello said the bill would restore competition to the health insurance industry, improve quality, increase consumer choice and drive down costs for customers.

GM to Wind Down Hummer After Sale Fails (Business Week)
General Motors will close Hummer, the maker of military-inspired sport-utility vehicles, after Sichuan Tengzhong Heavy Industrial Machinery couldn’t win Chinese approval to buy the unit.

Westfield Weighs Bid for General Growth (WSJ)
The takeover battle for mall owner General Growth Properties Inc. reached a boiling point Wednesday as General Growth unveiled a deal with Canadian property investor Brookfield Asset Management Inc. even as Australian mall owner Westfield Group considered entering the fray.

How to Write a Code of Ethics for Business (Inc.)
A code of ethics can help a business determine its priorities and values. It can also help you down the line if one of your employees or vendors drags you into legal trouble.

Bear Island Paper Co. files for bankruptcy (Times-Dispatch)
Bear Island, which employs about 200 people at its newsprint manufacturing mill in northern Hanover County, filed for Chapter 11 reorganization yesterday

Number of local homeowners ‘underwater’ grows to 22% (Virginian Pilot)
The number of homeowners in Hampton Roads who owed more on their mortgages than their homes were worth grew to more than 72,000 at the end of last year, according to a new report. That is nearly one in four homeowners

House passes antitrust repeal (Daily Progress)
Perriello said the bill would restore competition to the health insurance industry, improve quality, increase consumer choice and drive down costs for customers.

GM to Wind Down Hummer After Sale Fails (Business Week)
General Motors will close Hummer, the maker of military-inspired sport-utility vehicles, after Sichuan Tengzhong Heavy Industrial Machinery couldn’t win Chinese approval to buy the unit.

Westfield Weighs Bid for General Growth (WSJ)
The takeover battle for mall owner General Growth Properties Inc. reached a boiling point Wednesday as General Growth unveiled a deal with Canadian property investor Brookfield Asset Management Inc. even as Australian mall owner Westfield Group considered entering the fray.

How to Write a Code of Ethics for Business (Inc.)
A code of ethics can help a business determine its priorities and values. It can also help you down the line if one of your employees or vendors drags you into legal trouble.

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