Franklin paper mill to close; 1,100 to lose jobs (Virginian-Pilot)
International Paper Co. said Thursday that it will close its paper mill outside Franklin next spring, laying off 1,100 workers. The layoffs will begin Nov. 7, with the shutdown of one of the plant’s four machines, and continue through the spring.
Ukrop’s winding down (Roanoke Times)
The front doors will slide closed for good at Ukrop’s Super Market in Roanoke on Saturday, leaving behind a vacant store, empty parking spaces and much uncertainty. The future of this 58,000-square-foot structure on Franklin Road is unclear, and so is the status of a tax incentives deal that Roanoke officials made with developer Bland Painter and his company, IMD Investment Group.
Fed Plans to Vet Banker Pay to Discourage Risky Practices (NY Times)
The Federal Reserve announced Thursday that it would crack down on pay packages that encouraged bankers to take excessive risks, but officials acknowledged that the plan might not reduce the biggest paychecks on Wall Street.
Strong rebound seen for home sales (USA Today)
With homebuyers rushing to complete their purchases before a tax credit for first-time owners expires, a report Friday is expected to show strong September sales. Home resales are expected to show an almost 5% increase to a seasonally adjusted annual rate of 5.35 million, up from 5.1 million in August, according to economists polled by Thomson Reuters. If the report meets forecasts it would be the best month for home sales in more than two years.
Bobbi Brown on Start-up Life (Inc.)
What’s the best way to stay sane during a start-up phase which is often anything but? Makeup mogul Bobbi Brown, whose products are now sold in more than 900 locations worldwide, offers advice on getting your business off the ground while keeping your life grounded.
Pitching the unsellable (Fortune)
Editor’s Pick. Inventing is the easy part. Marketing? Not so much. We asked experts how they’d advertise 5 hard-to-tout products.
The Weekly Wind-Down: Silent film re-edit of so-called “drunkest guy ever” surveillance video (YouTube)
This guy probably doesn’t need any more beer. Pretty funny.
