Doswell plant remains open under new ownership (Times-Dispatch)
A local investment group has acquired a Hanover County manufacturing plant that was scheduled to close this year and will keep it in operation, saving about half of its jobs.
Missing man’s firm owes more than $200,000 in taxes (Daily Progress)
A local bookkeeping company whose owner has gone missing owes more than $200,000 in taxes it was supposed to pay on behalf of a customer, plus penalties and interest, according to court documents.
Ukrop’s fixtures auction draws bidders from far and near (Roanoke Times)
From banana stands to bakery ovens, water fountains and self checkout kiosks, buyers bid on hundreds of items today during an all-day auction to empty the contents of Ukrop’s Super Market’s closed Roanoke store.
Debts Rise, and Go Unpaid, as Bust Erodes Home Equity (NY Times)
The delinquency rate on home equity loans is higher than all other types of consumer loans, including auto loans, boat loans, personal loans and even bank cards like Visa and MasterCard, according to the American Bankers Association.
Lavish lifestyle for bank executive in Waters case (Washington Post)
Editor’s Pick. While espousing responsible saving for his customers, OneUnited Bank’s Kevin Cohee enjoyed a life with luxury perks purchased by the bank.
Two Beers, One Slide: The Steven Slater Pop-Up Cottage Industry (Fast Company)
An awesome slideshow of the products now available after a disgruntled JetBlue flight attendant quit his job in an unusual fashion.
Coping With a Financial Setback (Inc.)
Whether it’s the result of poor budgeting, an unforeseeable shift in the market, or the loss of a major customer, a financial setback is a rude awakening for an entrepreneur. Here’s how to handle it.