U.S. Justice Department subpoenas Hampton Roads Bankshares (Inside Business)
The U.S. Department of Justice has subpoenaed Hampton Roads Bankshares for information relating to its 2008 merger with Gateway Financial Holdings and loans that Gateway made before the merger.
Roanoke officials sport mustaches to promote men’s health (Roanoke Times)
mustaches for “Movember” — essentially a men’s version of October’s Breast Cancer Awareness Month
Pretty Good for Government Work (NY Times)
An interesting Op/Ed from Warren Buffett: Many of our largest industrial companies, dependent on commercial paper financing that had disappeared, were weeks away from exhausting their cash resources. Indeed, all of corporate America’s dominoes were lined up, ready to topple at lightning speed. My own company, Berkshire Hathaway, might have been the last to fall, but that distinction provided little solace.
Going Dutch (Slate)
Women in the Netherlands work less, have lesser titles and a big gender pay gap, and they love it.
Citigroup Hires 200 Bankers to Target Small Business (Business Week)
Citigroup, which claims 2,500 of the world’s 3,000 largest corporations as clients, now says it also is targeting U.S. companies with less than $20 million of annual sales, and plans to hire about 200 bankers by the end of 2011 to court them. That would bring the number of small-business bankers to about 500, or one for every two North American branches.
How I raised $24,000 on Kickstarter (Fortune)
I hoped to attract $8,000 in a month. That’s not really enough to support development of a large game, but it’s enough to help. More importantly, if I got that much, it would indicate the idea had potential. If not, I’d go do something else. Fourteen hours later, I had achieved my month’s goal. By the end of the first day, fans had contributed nearly $12,000. As I write this, it’s twice that.