Bank buys back Orange motel, will auction it (Free-Lance Star)
The yet-to-open Best Western motel in the town of Orange has been bought back by its lender and is up for sale. Virginia Community Bank foreclosed on the motel property, and it was put up for auction April 26. The bank was the only bidder at $2.5 million.
International Paper to reopen Franklin mill (Virginian-Pilot)
The company said it will spend $83 million in the next year transforming the plant to produce fluff pulp, which is used to make products such as baby diapers and wipes, and will hire 213 workers.
Palatine trades for a shattering $142M (Washington Business Journal)
The Palatine in Arlington has traded hands again, just 15 months after it last sold for $118 million at auction.
For Buyers of Web Start-Ups, Quest to Corral Young Talent (NY Times)
Some companies want talent so badly, they buy start-ups for their employees and then jettison the products.
Disney applies for ‘Seal Team 6’ trademark (USA Today)
Walt Disney Co. (DIS) has applied for a trademark on the name “Seal Team 6,” the name of the unit of specially trained Navy SEALs that killed Osama bin Laden in a raid in Pakistan earlier this month.
Video viewing on Netflix accounts for up to 30 percent of online traffic (Washington Post)
People watching videos on Netflix take up more bandwidth on the Internet than users of any other Web site or service in North America, according to a report Tuesday by broadband analytics firm Sandvine. At peak Internet hours, as much as 30 percent of online traffic is generated by Netflix subscribers who are watching movies or TV shows over their laptops, game consoles and smartphones.
7 Tips on Employee Satisfaction (Inc.)
Good managers know that happy employees are loyal employees. Gretchen Rubin, author of The Happiness Project identifies seven ways to improve employee satisfaction.
Sizing up the LinkedIn bubble (Fortune)
Would you believe the value of LinkedIn has risen 19-fold in just over two years?