NewsFeeds 10.01.10

HR Bankshares closes deal, adds $235 million of capital (Virginian-Pilot)
Hampton Roads Bankshares Inc. announced Thursday that it closed on $235 million of its planned $255 million private placement with institutional investors. The sale raises critical capital for the Norfolk-based parent of Bank of Hampton Roads and Shore Bank. Bank of Hampton Roads, which absorbed the troubled Gateway Bank, has been crippled by bad real estate loans.

14-screen theater with IMAX coming to Albemarle Place (Daily Progress)
Regal Entertainment Group announced Thursday that it would bring a new 14-screen theater with IMAX to a future Albemarle County town center, the area’s first such venue.

Behind lucrative deals, firms reveal disconnect (Washington Post)
An interesting investigation. The story of Eyak provides a case study of how Alaska native corporations and their subsidiaries have been used to pass on work to large Washington area firms, sometimes under circumstances that have been questioned, a Washington Post examination found.

Insurer Cuts Health Plans as New Law Takes Hold (NY Times)
The Principal Financial Group announced on Thursday that it planned to stop selling health insurance, another sign of upheaval emerging among insurers as the new federal health law starts to take effect.

Small business for Congress! (Fortune)
A lot of voters are impatient with the current administration for not fixing the economy faster. Small business owners are stepping up to the plate and running for House and Senate seats.

The Weekly Wind-Down: Obama Releases 500,000 Men From U.S. Strategic Bachelor Reserve (Onion)
Very funny video. Best to wear headphones if you’re at work.

HR Bankshares closes deal, adds $235 million of capital (Virginian-Pilot)
Hampton Roads Bankshares Inc. announced Thursday that it closed on $235 million of its planned $255 million private placement with institutional investors. The sale raises critical capital for the Norfolk-based parent of Bank of Hampton Roads and Shore Bank. Bank of Hampton Roads, which absorbed the troubled Gateway Bank, has been crippled by bad real estate loans.

14-screen theater with IMAX coming to Albemarle Place (Daily Progress)
Regal Entertainment Group announced Thursday that it would bring a new 14-screen theater with IMAX to a future Albemarle County town center, the area’s first such venue.

Behind lucrative deals, firms reveal disconnect (Washington Post)
An interesting investigation. The story of Eyak provides a case study of how Alaska native corporations and their subsidiaries have been used to pass on work to large Washington area firms, sometimes under circumstances that have been questioned, a Washington Post examination found.

Insurer Cuts Health Plans as New Law Takes Hold (NY Times)
The Principal Financial Group announced on Thursday that it planned to stop selling health insurance, another sign of upheaval emerging among insurers as the new federal health law starts to take effect.

Small business for Congress! (Fortune)
A lot of voters are impatient with the current administration for not fixing the economy faster. Small business owners are stepping up to the plate and running for House and Senate seats.

The Weekly Wind-Down: Obama Releases 500,000 Men From U.S. Strategic Bachelor Reserve (Onion)
Very funny video. Best to wear headphones if you’re at work.

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