Bankshares has deals to receive $275M in capital (Virginian-Pilot)
Hampton Roads Bankshares Inc., whose capital has eroded during the past year by a surge in troubled real estate loans, said Monday that it expects to raise $275 million, much of it from institutional investors. The parent of Bank of Hampton Roads and Shore Bank said it reached definitive agreements to raise at least $145 million from affiliates of two institutional investors, Carlyle Group in Washington and Anchorage Advisors in New York City. Each will invest $72.57 million in new common stock, it said.
Couple will accept $2.2 million for land in Roanoke eminent domain case (Roanoke Times)
The Burkholders, as the owners of B&B Holdings LLC, said the process of challenging the housing authority’s use of eminent domain to seize their land has cost them nearly $600,000 in attorney and expert witness fees.
Chick-fil-A Debuts First New Sandwich in 20 Years, You’ll Need a Reservation to Taste It Though
The Atlanta-based fast-food chain is offering reservations at its 1,485 restaurants when it unveils its first new sandwich since 1989: the spicy chicken sandwich.
Income from private sector shrinks (USA Today)
Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds. At the same time, government-provided benefits — from Social Security, unemployment insurance, food stamps and other programs — rose to a record high during the first three months of 2010.
N.F.L. Fails in Its Request for Antitrust Immunity (NY Times)
The Supreme Court on Monday unanimously rejected a request from the National Football League that it be granted broad antitrust immunity on the theory that it is a single entity rather than a collection of 32 independent teams.
How to Improve Your E-Mail Marketing (Inc.)
Your customers and clients are overloaded with e-mail every day. We asked experts for their tips and tricks for more effective e-mail marketing.
The Small Retirement Plan Market Heats Up (WSJ)
While retirement assets have rebounded largely — in 2009 they rose to $9.3 trillion — the economic realities for financial-services firms are still shifting. Now, to make up for lost business, firms like Fidelity, ING and TD Ameritrade are targeting new products to the small-business sector.