Developers looking to restore the Virginian into a new hotel paid $1.2 million to purchase the downtown Lynchburg property, online city records show.
The impact means the average residential customer using 1,000 kilowatt hours will save $6.47. The typical bill will drop from $115.95 a month to $109.48.
After spending more than five months preparing, about a dozen people presented business pitches to a panel of local investors Thursday night at Central Virginia Community College, each vying for a portion of $6,000 to start their business.
Federal regulators will outline a proposal today to place limits on high-interest, short-term loans — the first step in the government’s efforts to curb payday debt traps.
The U.S. Consumer Product Safety Commission said Wednesday it is investigating Lumber Liquidators Chinese-made laminate flooring following a national TV broadcast raised concerns over levels of formaldehyde.