Westin condo sale in Va. Beach could bring low prices (Virginian-Pilot)
The 38-story tower’s developer has hired an auctioneer to sell 16 of the 24 unsold units in a bid to stir up interest and find buyers.
Montgomery County details incentive deal with Backcountry.com (Roanoke Times)
Online retailer Backcountry.com, which announced plans last week to build a 200-employee distribution center in Montgomery County, is set to get more than $2 million in incentives, newly released documents show.
Arlington approves new Boeing site (Washington Post)
Aerospace firm will build a six-story regional and international headquarters near the Pentagon.
Wingnut Steven Slater gets year of probation and fine for 2010 JetBlue incident (NY Post)
Steven Slater, the former JetBlue flight attendant who made a dramatic take-this-job-and-shove-it exit from his job in August 2010, graduated today from a court-ordered mental health program, and walked away with a sentence of a year’s probation for misdemeanor attempted criminal mischief in his notorious case.
Groupon May Value Itself in I.P.O. at Close to $12 Billion (NY Times)
The daily deal site is preparing for an investor road show for its planned initial public offering, with a valuation sharply below initial expectations.
Social Security benefits to increase 3.6% (USA Today)
For the first time since 2009, American retirees will receive an increase in their Social Security benefits. But even before it appears in their January benefits check, it could be eaten up by an increase in Medicare premiums.
Need Funding? Pawn Your Stuff (Inc.)
Pawngo lets entrepreneurs pawn Rolexes, gold coins, and cameras in exchange for quick business loans. And it’s blowing up.
Aspiring Drummer Discovers Sweet Success in Restaurants (WSJ)
David Overton set aside his dreams of becoming a professional drummer in the 1970s to help his parents with their struggling wholesale cheesecake business. Then he started and grew The Cheesecake Factory.