LandAmerica settlement set at $14.25 million (Times-Dispatch)
People who lost money when they parked cash in a subsidiary of the now defunct LandAmerica Financial Group Inc. will recoup a few more cents on the dollar.
Local housing trend: More renters, fewer owners (Virginian-Pilot)
The number of people who live in rental housing in the region grew at a faster rate than the number of people who live in owner-occupied homes, according to recently released data from the U.S. Census Bureau.
CFA to take over old Martha Jefferson building (Daily Progress)
CFA Institute, the global association for investment professionals based in Albemarle County, plans to spend $24.5 million to move its operations into the completely renovated Locust Avenue building in Spring 2013, company officials said Thursday.
Nonprofit housing body to shut down (Roanoke Times)
Blue Ridge Housing Development Corp. ran into problems three years ago with debt and a conflict of interest.
Capital One to buy ING Direct USA for $9 billion (USA Today)
The McLean, Va.-based company said Thursday that it will buy ING’s U.S. online banking unit for $9 billion in a cash and stock deal.ING Direct, based in Wilmington, Del., offers online banking services to 7.7 million customers. The company was launched in 2000 and is now the largest direct bank — a bank without a network of branches — in the country.
Wall Street Braces for New Layoffs as Profits Wane (NY Times)
Faced with weak markets and uncertainty over regulations, many of the biggest firms are preparing for deep cuts in jobs and other costs.
How to Divorce a Business Partner (WSJ)
When a married couple owns a business together, splitting up gets extra messy.
Making 15 Minutes of Fame Last (Inc.)
Whether it’s sudden press or a viral video, it’s easier than ever for business owners to get a taste of the spotlight. Here’s how to capitalize on it.
The Weekly Wind-Down: Young Billionaire’s Age Not Reported For Sake Of Nation’s Ego (Onion)
Major media outlets confirmed Friday their agreement to omit young billionaire Terry Gibson’s age from all news reports as part of an effort to protect the fragile egos of Americans and prevent national morale from sinking to an all-time low.