NewsFeeds 9.2.10

Virginia Retirement System’s chief investment officer leaving (Times-Dispatch)
The Virginia Retirement System fared well with market investments in the past year, but now the $47.7 billion pension system is about to lose its chief investment officer.

HR Bankshares seeks OK from shareholders for plan (Virginian-Pilot)
The stakes of existing shareholders in Hampton Roads Bankshares Inc. will be severely reduced under a plan for raising needed capital from new investors, the Norfolk-based company said in a document for its upcoming annual meeting.

Pennsylvania capital, Harrisburg, skips payment, may move closer to bankruptcy (Washington Post)
The city of Harrisburg has said that it will not make a $3.3 million municipal bond payment due in two weeks, a decision that could move the Pennsylvania capital closer to bankruptcy.

Sales Fell in August for Carmakers (NY Times)
The fragile recovery in new-car sales stalled in August as consumers deserted showrooms that a year ago were flush with buyers drawn by the government’s cash-for-clunkers program.

Growth slows in health spending (USA Today)
Health care spending this year has grown at its slowest rate in a half-century, a sign that people are forgoing medical care during the recession, a USA TODAY analysis of government data finds.

Taking a Partner Can Help — or Hinder (WSJ)
For start-ups lacking sufficient cash to survive, a partner with deep pockets may be a more attainable lifeline than traditional sources of funding.

The Postrecession Labor Market (Inc.)
What will it take to build an A-team of players as the economy begins to recover? Will employers be able to offer lower pay? Inc. asked PayScale CEO Michael Metzger to weigh in.
High-fashion rental entrepreneurs are givLuxury on Loan (Entrepreneur)ing couture-hungry consumers a small–and affordable–taste of the good life.

Virginia Retirement System’s chief investment officer leaving (Times-Dispatch)
The Virginia Retirement System fared well with market investments in the past year, but now the $47.7 billion pension system is about to lose its chief investment officer.

HR Bankshares seeks OK from shareholders for plan (Virginian-Pilot)
The stakes of existing shareholders in Hampton Roads Bankshares Inc. will be severely reduced under a plan for raising needed capital from new investors, the Norfolk-based company said in a document for its upcoming annual meeting.

Pennsylvania capital, Harrisburg, skips payment, may move closer to bankruptcy (Washington Post)
The city of Harrisburg has said that it will not make a $3.3 million municipal bond payment due in two weeks, a decision that could move the Pennsylvania capital closer to bankruptcy.

Sales Fell in August for Carmakers (NY Times)
The fragile recovery in new-car sales stalled in August as consumers deserted showrooms that a year ago were flush with buyers drawn by the government’s cash-for-clunkers program.

Growth slows in health spending (USA Today)
Health care spending this year has grown at its slowest rate in a half-century, a sign that people are forgoing medical care during the recession, a USA TODAY analysis of government data finds.

Taking a Partner Can Help — or Hinder (WSJ)
For start-ups lacking sufficient cash to survive, a partner with deep pockets may be a more attainable lifeline than traditional sources of funding.

The Postrecession Labor Market (Inc.)
What will it take to build an A-team of players as the economy begins to recover? Will employers be able to offer lower pay? Inc. asked PayScale CEO Michael Metzger to weigh in.
High-fashion rental entrepreneurs are givLuxury on Loan (Entrepreneur)ing couture-hungry consumers a small–and affordable–taste of the good life.

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