Newsfeed 1.31.11

Alpha Natural reaches $7.1 billion deal for Massey Energy Co. (Times Dispatch)
The Richmond-based coal company, which has struggled with losses after an explosion that killed 29 workers at a West Virginia mine, agreed Saturday to be taken over by another Virginia-based company — Abingdon-based Alpha Natural Resources.

Plan 9 seeks new location in Carytown (Times Dispatch)
Due to the changing nature of the business, the music store is looking to downsize its footprint and find a new space as their current lease winds down.

Best Western in Orange may be on road to foreclosure (Free Lance Star)
An unfinished Best Western hotel in the town of Orange and the Red Carpet Inn next to it might be heading to foreclosure.

Smithfield Foods will close small plant that employs 53 (Daily Press)
The plant, called the Ham and Products facility, produced soups, stews, barbecue products and cooked ribs. Its employees are members of the Laborers’ International Union of North America

Discrimination complaints rise in Hampton Roads (Virginian-Pilot)
he U.S. Equal Employment Opportunity Commission received nearly 100,000 discrimination complaints – a record high – last year.The agency’s Norfolk office reported 1,041 complaints, a 10.7 percent increase from 2009.

New SBA programs aim to boost loans to small firms (LA Times)
A small-business owner could get up to $250,000 in capital under new loan initiatives being rolled out by the federal government.

12 Years On, Tobacco Suit Due in Court (New York Times)
A big tobacco case is set to start on Monday in St. Louis involving dozens of local hospitals, the nation’s biggest tobacco companies and 12 years’ worth of filings. But it has attracted little of the intense interest that once surrounded lawsuits against major cigarette producers.

Housing to Hit Bottom in Mid-2011 Say Economists (CNBC)
U.S. house prices are likely to continue to slide before bottoming out sometime in the middle of this year but will rise just over two percent in 2011 as a whole, according to economists polled by Reuters.

The Five Things You Must Do Before Approaching Any Investor (Entrepreneur)
Whether you’re seeking a $1 million in venture capital or $1,000 from friends or relatives, you’ll need to nail down a few basics before trying to make your case. Here are five things to you must do before approaching investors for any amount of money.

Alpha Natural reaches $7.1 billion deal for Massey Energy Co. (Times Dispatch)
The Richmond-based coal company, which has struggled with losses after an explosion that killed 29 workers at a West Virginia mine, agreed Saturday to be taken over by another Virginia-based company — Abingdon-based Alpha Natural Resources.

Plan 9 seeks new location in Carytown (Times Dispatch)
Due to the changing nature of the business, the music store is looking to downsize its footprint and find a new space as their current lease winds down.

Best Western in Orange may be on road to foreclosure (Free Lance Star)
An unfinished Best Western hotel in the town of Orange and the Red Carpet Inn next to it might be heading to foreclosure.

Smithfield Foods will close small plant that employs 53 (Daily Press)
The plant, called the Ham and Products facility, produced soups, stews, barbecue products and cooked ribs. Its employees are members of the Laborers’ International Union of North America

Discrimination complaints rise in Hampton Roads (Virginian-Pilot)
he U.S. Equal Employment Opportunity Commission received nearly 100,000 discrimination complaints – a record high – last year.The agency’s Norfolk office reported 1,041 complaints, a 10.7 percent increase from 2009.

New SBA programs aim to boost loans to small firms (LA Times)
A small-business owner could get up to $250,000 in capital under new loan initiatives being rolled out by the federal government.

12 Years On, Tobacco Suit Due in Court (New York Times)
A big tobacco case is set to start on Monday in St. Louis involving dozens of local hospitals, the nation’s biggest tobacco companies and 12 years’ worth of filings. But it has attracted little of the intense interest that once surrounded lawsuits against major cigarette producers.

Housing to Hit Bottom in Mid-2011 Say Economists (CNBC)
U.S. house prices are likely to continue to slide before bottoming out sometime in the middle of this year but will rise just over two percent in 2011 as a whole, according to economists polled by Reuters.

The Five Things You Must Do Before Approaching Any Investor (Entrepreneur)
Whether you’re seeking a $1 million in venture capital or $1,000 from friends or relatives, you’ll need to nail down a few basics before trying to make your case. Here are five things to you must do before approaching investors for any amount of money.

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