City may use EDA grant, loan to buy property near park (Free-Lance Star)
City of Fredericksburg likely to buy riverfront property through transaction with EDA.
Hampton Roads Bankshares’ stock takes dive (Virginian-Pilot)
The company announced two weeks ago that it planned to raise additional capital by selling as many as 5 million new shares periodically. Hampton Roads Bankshares said the total risk-based capital ratio for its Bank of Hampton Roads subsidiary could fall below the 10 percent threshold for being “well-capitalized” by regulators.
Virginia Tech, Blacksburg business working on deal over trademark infringement and fraud allegations (Roanoke Times)
Hokie Real Estate owner John Wilburn and Tech officials had settled their disagreements through mediation, a report said.
Foreclosure backlogs taking longer to process (Washington Post)
Across the country, states are wrestling with mounting foreclosure backlogs, exacerbated by borrowers who continue to fall behind on their mortgages. That has left the housing market languishing long after the financial crisis, and it has hindered the nation’s broader economic recovery.
Fall of the House of Busch (Business Week)
Fascinating story that could be nice reading for the weekend. It took four generations to build Anheuser-Busch, one of the most celebrated companies in America. And only one for it to come apart
Two Rulings Find Cuts in Public Pensions Permissible (NY Times)
The dismissal of suits by retired public workers in Colorado and Minnesota may embolden other states and cities to use pension reductions as a tool to help balance their budgets.
Sonic, Burger King, other fast-food chains selling alcohol (USA Today)
The trip to the fast-food joint that was once all about burgers and fries is increasingly about something that could require you to flash your ID: beer and wine.
Smaller Businesses Seeking Loans Still Come Up Empty (WSJ)
Small businesses expected 2011 to be the moment a years-long credit freeze would finally begin to thaw. But borrowing has only gotten worse.
The Weekly Wind-Down: Jeff Daniels playing the blues (Funny or Die)
A pretty funny video with the actor from Dumb and Dumber. It’s long.