How a Utah cowboy made it big (Times-Dispatch)
A great profile of hotelier Glade Knight: . “I started with $100,“ said Knight, chairman and CEO of the four Apple REIT companies based in Richmond. “Anything over that is a profit.“
Bank sees key capital ratio drop below threshold (Virginian-Pilot)
Bank of Hampton Roads, whose financial strength has been battered by continued loan losses, said a key measure of its capital adequacy recently fell below the minimum required by regulators.
Europe announces vast contingency fund, racing to contain crisis (Washington Post)
European finance ministers threw a trillion-dollar protective wall around the euro on Sunday and the European Central Bank said it would begin buying government bonds if necessary as officials on the continent struggled to contain the spread of a government debt crisis that began in Greece.
White flight? Suburbs lose young whites to cities (AP)
White flight? In a reversal, America’s suburbs are now more likely to be home to minorities, the poor and a rapidly growing older population as many younger, educated whites move to cities for jobs and shorter commutes.
Jobs slowly returning on Main Street (Fortune)
many small business owners say they’re still sitting tight and holding off on new hires. The economy’s still-tentative recovery — witness Thursday’s sharp stock-market selloff — has companies treading cautiously.
Take a Walk, Charge Your Phone (Inc.)
What if you could recharge your iPhone simply by taking a walk or a ride on your bike? That’s the pitch made by the start-ups that are creating new devices to unlock kinetic energy and recharge your gadgets.
To Lease or Not to Lease (Entrepreneur)
Leasing equipment is a smart way for businesses to get what they need, even when lines of credit are tight.