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Banking and Finance

College media company files for Chapter 11

Updated: October 31, 2014 - 6:23 pm

Posted: October 31, 2014

By Reynolds Hutchins
reynolds.hutchins@insidebiz.com

One of the leading college campus media and marketing companies, with business at the College of William and Mary as well as Christopher Newport University, has filed for bankruptcy.

Langley FCU to open branch at Hilltop in Virginia Beach

Updated: October 31, 2014 - 5:42 pm

Posted: October 31, 2014

By Virginia Lascara
virginia.lascara@insidebiz.com

Langley Federal Credit Union announced its first expansion into Virginia Beach, one of only three branches it operates on the Southside.

Langley expanded first in Chesapeake in 2007 and again in 2010 when it opened a branch at Wards Corner in Norfolk.

The credit union now has

17 Hampton Roads branches and serves more than 204,000 members.

British ambassador touts U.S.-U.K. bond in Norfolk

Posted: October 24, 2014

By Reynolds Hutchins
reynolds.hutchins@insidebiz.com

Sir Peter Westmacott, Britain’s ambassador to the United States, had little to say about southeastern Virginia while visiting the World Affairs Council of Greater Hampton Roads last Wednesday.

Westmacott’s presence did serve as an affirmation of the strong ties between the United Kingdom, the United States and to some extent Hampton Roads, at a time when decentralization and skepticism often mar international relations.

Flynn sentencing postponed

Updated: October 21, 2014 - 1:03 pm

Posted: October 21, 2014

By Virginia Lascara
virginia.lascara@insidebiz.com

Virginia Beach attorney David Flynn was scheduled to be sentenced in federal court mid-October for misappropriating more than $2.3 million in escrow funds. His sentencing was rescheduled for Nov. 17.

In April the U.S. Attorney’s Office filed the criminal charges against 44-year-old Flynn in the Norfolk Division of the U.S. Eastern District Court of Virginia.  

PeoplExpress seeking $5M from private investors

Updated: September 26, 2014 - 3:01 pm

Posted: September 26, 2014

By Reynolds Hutchins
reynolds.hutchins@insidebiz.com

PeoplExpress, the Newport News-based low-cost airline that launched in June, is looking for about $5 million in seed capital to support the fledgling airline's operations on the Peninsula.

The news comes just a week after Inside Business reported the airline received more than $1.6 million in incentives from federal and regional authorities before launching earlier this year.

PUBLIC FILES Monarch Bank to open branch in Tech Center of Newport News

Updated: September 19, 2014 - 4:33 pm

Posted: September 19, 2014

PUBLIC FILES is a recurring feature publishing news and developments about local publicly traded companies and their employees. The following information is for Aug. 21 through Sept. 17.

Dollar Tree

Art groups prepare for state cuts

Updated: September 23, 2014 - 11:36 am

Posted: September 19, 2014

By Virginia Lascara
virginia.lascara@insidebiz.com

The directive last month from Gov. Terry McAuliffe for each state agency to cut 5 and 7 percent for the next two years means cuts of $195,000 and $273,000 for FY15 and FY16, respectively for the Virginia Commission for the Arts.

The cuts were requested in an effort to tighten the state budget and dissolve the budget crisis.

Cash to fuel a business is getting a lot easier to find

Updated: September 23, 2014 - 1:12 pm

Posted: September 18, 2014

By Virginia Lascara
virginia.lascara@insidebiz.com

Businesses, startups and entrepreneurs can travel down an array of paths in the quest for cash. Traditional financiers like banks and private equity firms are once again eager to invest in new and growing companies. New crowdfunding platforms like Kickstarter can also help entrepreneurs turn a prototype into a finished product.

MILLENNIALS AND MONEY They spend and save much differently than their parents do

Updated: September 12, 2014 - 2:47 pm

Posted: September 12, 2014

By Reynolds Hutchins
reynolds.hutchins@insidebiz.com

There is a growing gap between the generations, between millennials and their parents.

It's not just in how they talk, text and tweet, but in how they spend, save and secure money.

America's rising generation is finding it harder to buy a car, finance a house, even secure a lease without a guarantor.

Real estate industry supports 1031 exchanges

Updated: September 12, 2014 - 7:42 pm

Posted: September 12, 2014

By Lydia Wheeler
lydia.wheeler@insidebiz.com

Though lobbyists and lawyers doubt that both the House and Senate will pass legislation that would eliminate the property swap tax loophole, commercial real estate agents aren't taking any chances.

Post-event coverage

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