NewsFeeds 10.20.10

Port Authority nears deal to lease Richmond port (Virginian-Pilot)
The Virginia Port Authority announced Tuesday that it expects to lease the Port of Richmond by the start of the new year. About two weeks ago, the Port Authority and the city of Richmond began talks that “would place all management, operation and leadership of the facility with the VPA,” wrote Joe Harris, a spokesman for the Norfolk-based authority, in an e-mail.

VDOT official pitches higher speed limits for most Virginia interstates (Roanoke Times)
The request proposes raising the speed limit to 70 mph along selected portions of the state’s freeways.

Investors pressure Bank of America to buy back bad mortgages (LA Times)
Separately, BofA reports a $7.3-billion third-quarter loss after marking down the value of its credit operation by $10.4 billion.

Access to Credit Eases for Some Small Businesses (Business Week)
The freeze in bank credit is beginning to thaw after two years, though data show that most of the credit growth is coming from banks buying securities rather than making loans.

How to Get Away From It All (Inc.)
Downtime can give you a clear head and a fresh perspective. Here’s how successful entrepreneurs like Blake Mycoskie, Kathy Ireland, and Justin Kan let off steam.

Prospects for Pennies: Finding Gold in Abandoned Ads (WSJ)
When a business closes up shop, its advertising often remains ‘open.’ That creates an opportunity for your company to move in.

Port Authority nears deal to lease Richmond port (Virginian-Pilot)
The Virginia Port Authority announced Tuesday that it expects to lease the Port of Richmond by the start of the new year. About two weeks ago, the Port Authority and the city of Richmond began talks that “would place all management, operation and leadership of the facility with the VPA,” wrote Joe Harris, a spokesman for the Norfolk-based authority, in an e-mail.

VDOT official pitches higher speed limits for most Virginia interstates (Roanoke Times)
The request proposes raising the speed limit to 70 mph along selected portions of the state’s freeways.

Investors pressure Bank of America to buy back bad mortgages (LA Times)
Separately, BofA reports a $7.3-billion third-quarter loss after marking down the value of its credit operation by $10.4 billion.

Access to Credit Eases for Some Small Businesses (Business Week)
The freeze in bank credit is beginning to thaw after two years, though data show that most of the credit growth is coming from banks buying securities rather than making loans.

How to Get Away From It All (Inc.)
Downtime can give you a clear head and a fresh perspective. Here’s how successful entrepreneurs like Blake Mycoskie, Kathy Ireland, and Justin Kan let off steam.

Prospects for Pennies: Finding Gold in Abandoned Ads (WSJ)
When a business closes up shop, its advertising often remains ‘open.’ That creates an opportunity for your company to move in.

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