Real estate market adjusting (Daily Press)
The commercial real estate industry is struggling to bring supply back in line with demand, a New York developer said Thursday.
“The real estate industry needs to set a new bar that less is actually better,” said Kenneth A. Himmel, president and chief executive of Related Urban.
Bidders vie to operate Radford Army Ammunition Plant (Roanoke Times)
The longtime operator of the arsenal is competing with another company for the contract that’s up for renewal.
Lumber Liquidators’ profit suffers as productivity slips (Virginian-Pilot)
Shares in Lumber Liquidators plunged more than 13 percent Thursday, a day after the hardwood-floor retailer announced its third-quarter earnings fell 45 percent.
Muddy Waters (Slate)
How Maxine Waters and Barney Frank let one bank repackage its problem as a national crisis.
In Qantas Blowout, Concern for Jet Engine Maker (NY Times)
The blowout of an engine on Qantas Flight 32 on Thursday was the latest in a series of problems involving Rolls-Royce engines and analysts said it raised serious questions about the company’s ability to develop the engines for the newest generation of commercial and military airplanes.
Booz Allen Hamilton seeks IPO to help repay debt (Washington Post)
Booz Allen Hamilton, the McLean consulting firm taken private by Carlyle Group in 2008, is seeking an initial public offering that might hand the buyout firm a 241 percent paper profit on its investment.
Some Still Sidelined in Lending (WSJ)
Banks have slowly begun to increase their lending to small companies. But generally only the stronger, “bigger” businesses are receiving loans and lines of credit.
Grappling With Life After Business (Inc.)
Since selling his business, Joel Altschul says that he sometimes feels as if he is drifting through life without a purpose. So what happens when it’s time to move on?
The Weekly Wind-Down: Study: Americans Get Majority of Exercise While Drunk (The Onion)
A funny satirical video. Best to wear headphones if you work around other people.