NewsFeeds 2.10.11

Hovnanian free to buy Leeland land (Free-Lance Star)
A federal bankruptcy court judge in Maryland yesterday approved K. Hovnanian Homes’ $11.2 million bid to buy the undeveloped portions of the Leeland Station mixed-use subdivision in Stafford County.

$22.3M loss in 4th quarter for Bank of the Commonwealth (Virginian-Pilot)
Bank of the Commonwealth, hobbled in recent years by a surge in bad real estate loans, said in a filing with the Federal Deposit Insurance Corporation that its loss widened in 2010 despite a sharp reduction in its provision for loan losses.

As Verizon’s iPhone Sales Begin, Gauging the Effects on AT&T (NY Times)
When Verizon begins selling the iPhone 4 on Thursday, its anticipated sales success could alter the wireless industry, some analysts say.

Fighting for Fannie and Freddie (Washington Post)
To many Republicans and the Obama administration, Fannie Mae and Freddie Mac, the government’s mortgage giants, are ill. But rather than healing them, both sides agree that the companies should be left to die and that their support for the housing market should wither away.

10 Promising Franchises for 2011 (Inc.)
Thinking of starting a franchise? Here’s a look at ten different franchises that just may become the country’s next big thing.

Conan 2.0 (Fortune)
How a late-night Luddite accidentally fought his way back into bedrooms (and computers, smartphones, and tablets) across America.

Hovnanian free to buy Leeland land (Free-Lance Star)
A federal bankruptcy court judge in Maryland yesterday approved K. Hovnanian Homes’ $11.2 million bid to buy the undeveloped portions of the Leeland Station mixed-use subdivision in Stafford County.

$22.3M loss in 4th quarter for Bank of the Commonwealth (Virginian-Pilot)
Bank of the Commonwealth, hobbled in recent years by a surge in bad real estate loans, said in a filing with the Federal Deposit Insurance Corporation that its loss widened in 2010 despite a sharp reduction in its provision for loan losses.

As Verizon’s iPhone Sales Begin, Gauging the Effects on AT&T (NY Times)
When Verizon begins selling the iPhone 4 on Thursday, its anticipated sales success could alter the wireless industry, some analysts say.

Fighting for Fannie and Freddie (Washington Post)
To many Republicans and the Obama administration, Fannie Mae and Freddie Mac, the government’s mortgage giants, are ill. But rather than healing them, both sides agree that the companies should be left to die and that their support for the housing market should wither away.

10 Promising Franchises for 2011 (Inc.)
Thinking of starting a franchise? Here’s a look at ten different franchises that just may become the country’s next big thing.

Conan 2.0 (Fortune)
How a late-night Luddite accidentally fought his way back into bedrooms (and computers, smartphones, and tablets) across America.

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