Sold! 18 Town Center condos get snapped up at auction (Virginian-Pilot)
Armada Hoffler, the tower’s developer, hired an auctioneer to sell 18 of the 24 unsold condos at the Westin residences in a bid to stir up interest and find buyers.
U.S. Banks Face Contagion Risk From European Debt: Fitch (Bloomberg)
U.S. banks face a “serious risk” that their creditworthiness will deteriorate if Europe’s debt crisis deepens and spreads beyond the five most-troubled nations, Fitch Ratings said.
Entrepreneurs Looking For Capital Investment Seek Kindred Spirits (NY Times)
Only a minority of small-business owners seek venture capital, but for those who do, it can feel like a deal with the devil. Venture-backed companies are expected to grow quickly, and their boards can impose rigorous controls, audits and metrics. A founder who takes venture capital gets the opportunity to grow but also risks losing control of the company. One way entrepreneurs mitigate the tension in the relationship with investors is to work with venture capitalists who may have more patience during the company-building process because they have been through it themselves.
World leaders smooch in Benetton ads (USA Today)
Benetton’s new ad campaign features computer-generated photos of world leaders kissing.
Start a Company in Just 3 Days (Inc.)
Tech entrepreneurs explain how they launched their businesses—in 54 hours—at Startup Weekend.
Visa Is Ready For Anything (Fast Company)
A rare trip inside the network’s top-secret security center. Location: We can’t say.