NewsFeeds 6.11.10

With healthcare reform looming, nHealth was losing millions (BizSense)
The financial records of nHealth, the Richmond-based startup health insurer that said last week it was shutting down as a result of federal healthcare reform, show it was losing millions in its first year and a half of existence.

New home for economic development in Hanover (BizSense)
The county purchased a 3,634-square-foot office condo in the Rutland Commons development at Atlee Road and U.S. Route 301 from Blacksburg-based developer HHHunt for $436,080.

The Pipeline: Commercial Real Estate Round Up for 6.11.10 (BizSense)
ADC II LLC purchased the 63,000 square foot industrial property at 1300 Mactavish Avenue from Mactavish Investment Company for $1.45 million.

The Smokey Pig closing if buyer can’t be found (Times Dispatch)
After 32 years in business, The Smokey Pig restaurant in Ashland will close at the end of the summer if a buyer is not found.

Longshoremen reject pact for new jobs, lower wages (Virginian-Pilot)
Longshoremen on Thursday voted down two labor agreements that would have meant an average pay cut of about 36 percent for two kinds of work – to $16 an hour – but would have given hundreds of idled workers the chance to get back on the job.

County boutique E.I. Randle going out of business (Roanoke Times)
E.I. Randle, a Southwest Roanoke County boutique, will close its doors by early July, more than a year after the previous owners of the Starkey Road retailer sold the longtime business.

First the Spill, Then the Lawsuits (New York Times)
Lawyers across the nation have filed nearly 200 lawsuits so far related to the April 20 oil disaster, including death and injury claims for those aboard the rig, claims of damage and economic loss for people whose livelihoods are threatened by the slick, and shareholder suits over BP’s plunging stock.

Auto dealers could see new financial regulations (USA Today)
Congress on Thursday began working on a final version of sweeping financial reform legislation that could subject auto dealerships to regulation by a new consumer financial protection agency. If the measure survives, dealers’ F&I (finance and insurance) staff would be regulated like bankers and mortgage brokers.

Victoria’s Secret’s Secret (Newsweek)
Over the past 28 years, by making sexy lingerie affordable, accessible, and acceptable, Columbus, Ohio-based Victoria’s Secret has created a middle ground in intimate apparel. The company woke up a sleepy category, one that took in $10.75 billion in 2009, double what it was when Wexner started

With healthcare reform looming, nHealth was losing millions (BizSense)
The financial records of nHealth, the Richmond-based startup health insurer that said last week it was shutting down as a result of federal healthcare reform, show it was losing millions in its first year and a half of existence.

New home for economic development in Hanover (BizSense)
The county purchased a 3,634-square-foot office condo in the Rutland Commons development at Atlee Road and U.S. Route 301 from Blacksburg-based developer HHHunt for $436,080.

The Pipeline: Commercial Real Estate Round Up for 6.11.10 (BizSense)
ADC II LLC purchased the 63,000 square foot industrial property at 1300 Mactavish Avenue from Mactavish Investment Company for $1.45 million.

The Smokey Pig closing if buyer can’t be found (Times Dispatch)
After 32 years in business, The Smokey Pig restaurant in Ashland will close at the end of the summer if a buyer is not found.

Longshoremen reject pact for new jobs, lower wages (Virginian-Pilot)
Longshoremen on Thursday voted down two labor agreements that would have meant an average pay cut of about 36 percent for two kinds of work – to $16 an hour – but would have given hundreds of idled workers the chance to get back on the job.

County boutique E.I. Randle going out of business (Roanoke Times)
E.I. Randle, a Southwest Roanoke County boutique, will close its doors by early July, more than a year after the previous owners of the Starkey Road retailer sold the longtime business.

First the Spill, Then the Lawsuits (New York Times)
Lawyers across the nation have filed nearly 200 lawsuits so far related to the April 20 oil disaster, including death and injury claims for those aboard the rig, claims of damage and economic loss for people whose livelihoods are threatened by the slick, and shareholder suits over BP’s plunging stock.

Auto dealers could see new financial regulations (USA Today)
Congress on Thursday began working on a final version of sweeping financial reform legislation that could subject auto dealerships to regulation by a new consumer financial protection agency. If the measure survives, dealers’ F&I (finance and insurance) staff would be regulated like bankers and mortgage brokers.

Victoria’s Secret’s Secret (Newsweek)
Over the past 28 years, by making sexy lingerie affordable, accessible, and acceptable, Columbus, Ohio-based Victoria’s Secret has created a middle ground in intimate apparel. The company woke up a sleepy category, one that took in $10.75 billion in 2009, double what it was when Wexner started

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