Investors: State securities regulators investigating MICG (Daily Press)
The Virginia State Corporation Commission’s Division of Securities has interviewed and taken copies of paperwork from some investors of MICG Investment Management LLC, investors told the Daily Press. MICG investors said the interviews took place in the latter half of 2010 and focused on their investments in MICG hedge funds and bonds the company sold.
3 years after groundbreaking, Landmark Hotel’s fate still unknown (Daily Progress)
It was going to be a crown jewel of the Downtown Mall — a nine-story luxury hotel that would draw in tourists, hungry patrons and businesspeople in need of meeting facilities.Three years later, an incomplete Landmark Hotel still looms above the mall. The fate of the long-deserted hotel’s steel and concrete bones has fallen into the hands of the legal system.
Amazon Pressured on Sales Tax (NY Times)
States struggling with their deficits want Amazon.com to take on a role it does not want: tax collector.
Congress unites over BEER bill (Fortune)
Lawmakers can’t agree on anything except … beer. That’s right. Earlier this week, a Democrat joined with a Republican to introduce legislation in the Senate that would lower excise taxes on small breweries.
When Girl Scout Cookies Create Turmoil (WSJ)
Some small businesses make it a rule to prevent sales of Thin Mints or Samoas in the workplace. Others welcome the activity – as long as scouts themselves make the sale.
Retail’s biggest losers during oil spikes (Fortune)
The bump in gas prices has retail investors quaking. But history shows that not all stores suffer when oil surges.