The bank wants its money–now (Free-Lance Star)
Many Fredericksburg-area developers and real estate investors are upset about the way banks are handling their commercial loans.
Developers who are current on their payments have had their loans called or not renewed by banks, and that they haven’t been able to find financing anywhere else. Bankers say they typically do everything they can to work with borrowers, but timely payments aren’t the only factor that determines whether a loan is considered performing, and sometimes they need to reduce their risk in certain lending areas.
Taxi drivers have to follow more rules at airport (Daily Press)
The taxi cab saga continues, with the Newport News-Williamsburg International Airport instituting new rules that make it more costly to operate a cab at the airport, but will also improve quality, officials said.
MacArthur Center to lose 8 food court eateries (Virginian-Pilot)
HMSHost Corp., the concessions company that has leased the space and operated most of the third-floor food court, has decided against renewing its lease, which ends March 12, said Jim Wofford, general manager of the downtown Norfolk mall.
The Bull Whisperer (Business Week)
Sallie Krawcheck, chief of the wealth management unit at Bank of America, needs her Merrill Lynch brokers to drive profit to other divisions. And Merrill’s “Thundering Herd” is snorting mad about it
Matchmaking for Web Start-Ups and Investors (NY Times)
In February 2009, Mr. Ravikant and Babak Nivi, a fellow investor and start-up mentor, started AngelList, a networking Web site that substitutes endless pitch meetings with Internet-based matchmaking.
Banks Look to Replace Lost Debit-Card Fees (WSJ)
Some large U.S. banks are considering allowing debit cards to bounce just like checks.
12 Memorable Marketing Feats (Inc.)
As companies try to one-up each other for consumer eyeballs, these marketing firms’ campaigns push the bounds of creativity.