Foreclosure sales make up 30 percent of all residential sales in Richmond area in 1st quarter (Times-Dispatch)
Sales of distressed properties — here and nationwide — are making up a bigger percentage of all residential sales, according to a report released this morning by an online foreclosure researcher.
TowneBank shuffles execs, president sets retirement (Virginian-Pilot)
TowneBank paid tribute Wednesday to a retiring executive and co-founder and announced a realignment of its senior management.
At State Fair facility, bookings are booming (Free-Lance Star)
Now that the economy is recovering and the SFVA has partnered with a facility management company to handle private events, the SFVA is proving to be giving more than its “fair” share.
Banks launch system to transfer cash using e-mails, cellphone numbers (Washington Post)
Banking giants expect the system to become an industry-wide utility for moving money.
Small Business Fights IRS on Data (WSJ)
The IRS, moving aggressively to collect more taxes from small businesses, is telling companies being audited to turn over exact copies of the electronic records kept in their business-software programs.
Thiel Awards 24 Under-20 Fellowships (Business Week)
Facebook investor Peter Thiel’s foundation has announced its inaugural class of 24 young innovators to receive grants of $100,000, provided they leave school.
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