Chesapeake-based developer also behind on other projects (Virginian-Pilot)
Chesapeake hotel developer LTD Hospitality stumbled in the down economy, falling behind on loans and projects. In recent weeks, lenders have taken control of and appointed new management for three of LTD’s distressed hotels in Chesapeake, each of which faces the prospect of foreclosure.
Landmark Hotel suit remanded to Georgia court (Daily Progress)
A lawsuit involving the lender for the stalled Landmark Hotel project has been remanded to the Georgia court where it was filed, but attorneys for hotel owner Minor Family Hotels LLC are trying to bring the case back to Virginia.
F.B.I. Agents Raid 3 Hedge Fund Offices (NY Times)
F.B.I. agents raided the offices of three hedge funds on Monday, the government’s latest salvo in an escalating investigation into insider trading on Wall Street.
Retrained for green jobs, but still waiting on work (Washington Post)
With nearly 15 million Americans out of work and the unemployment rate hovering above 9 percent for 18 consecutive months, policymakers desperate to stoke job creation have bet heavily on green energy. But the huge federal investment has run headlong into the stubborn reality that the market for renewable energy products – and workers – remains in its infancy.
When Home Is Where the Office Is (WSJ)
For more than half of U.S. entrepreneurs, home is where the office is. Still, starting a business from home isn’t ideal — or even possible — for every entrepreneur.
Economics: Using Seinfeld to Teach the Dismal Science (Business Week)
Jerry, Elaine, and markets; The Soup Nazi is a monopolist.