TowneBank acquires Newport News-based insurer W.T. Chapin (Daily Press)
TowneBank said on Tuesday it has acquired Newport News-based insurance agency W.T. Chapin Inc. Terms of the acquisition were not disclosed. Under the agreement, W.T. Chapin becomes an affiliate of Towne Insurance Agency, a wholly owned subsidiary of Portsmouth-based TowneBank.
Suffolk council denies Four Farms development (Virginian-Pilot)
Calling it too ambitious and poorly timed in a depressed economy, the City Council rejected plans for a massive residential and commercial development south of downtown.
Economists: Housing industry looking much brighter in 2011 (USA Today)
The housing industry is poised to gain strength this year after coming off one of its worst years ever in 2010, economic forecasts and new data released Wednesday show.
In Race to Market, It Pays to Be Latecomer (WSJ)
Being first on the scene rarely pays off, a new research paper concludes. Think Netscape, Friendster and Commodore Business Machines.
In Norway, Taxes Don’t Matter (Inc.)
In the early days of their $35 million company, Jan Egil Flo, Simen Staalnacke, and Peder Borresen (from left) lived almost rent free, courtesy of their government.
Challenging Bud on Its Home Turf (Business Week)
Upstart brewer Schlafly has gotten a lift as St. Louis locals rue InBev’s takeover.