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November 22, 2009
Bankruptcy cases are lucrative for lawyers, other professionals
The lead bankruptcy attorney for Circuit City Stores Inc. charges $945 per hour, or $15.75 a minute. The restructuring firm supervising the dismantling...
Stock news highlights for Nov. 22
For the week that ended Nov. 20. DIVIDEND Quarterly unless noted Increased Bob Evans Farms .18 from .16 Brown-Forman .30 from .2875 Campbell Soup .275...
Gift cards should be a pleasure, not a pain
Gift cards shouldn’t be a pain New regulations are coming that are designed to protect consumers against predatory fees and practices in the $88...
Financial difficulties tarnish golden years
On a crisp fall day recently in Richmond’s Church Hill neighborhood, laughter rang out from inside the Linwood Robinson Senior Center on North 26th...
How seniors can steer clear of money woes
Ah, the golden years, a time for dreaming about retirement—or kicking back and enjoying the fruits of one’s labor after decades in the working...
November 21, 2009
Group hopes to get West Broad Village back on track
West Broad Village was abuzz last year as a construction site in the middle of worst recession in decades. The plan called for a place where people could...
Equity fund to take over troubled West Broad Village
A local investment group has stepped in to rescue West Broad Village, pay off all its liens, settle its lawsuits and bring the multiuse project in western...
Va. jobless rate falls to 6.3%
Virginia’s job market improved last month as the number of Virginians out of work declined. The Virginia Employment Commission also noted weekly...
Lack of backup foils Va.‘s new IT system
Virginia’s expensive new state IT system does not have network backups in case connections between its computers fail. In just five weeks this fall,...
REI opens in Henrico
Outdoor enthusiasts have a new place to shop in western Henrico County with the opening of REI. REI, which stands for Recreational Equipment Inc., opened...
West Broad Village
A local investment group is taking control of West Broad Village in western Henrico County. This shows the status of tenants in most of the commercial...
Panel OKs bill to crack down on Internet cigarette sales
The U.S. Senate Judiciary Committee approved legislation that would crack down on Internet sales of tobacco products, which many public-health advocates...
$500 million settlement reached with associates of failed Henrico reinsurer
State insurance regulators have negotiated a $500 million-plus settlement with associates of a failed Henrico County reinsurer, according to legal filings...
Disney unveils its newest princess
ORLANDO, Fla. The Walt Disney Co.‘s newest princess doesn’t arrive in movie theaters for another month, but she is already easy to find at...
SCC seeks to suspend N.C. Mutual’s license in Va.
Virginia regulators want to suspend the nation’s oldest black-owned insurer from doing business in Virginia, saying its finances are in hazardous...
Business Briefs
Hill Phoenix Inc., a Georgia-based designer and manufacturer of commercial refrigerated food display cases and application systems, will expand its presence...
Nonprofit, Realtors to create Va. housing-costs index
Housing Virginia, a statewide nonprofit dedicated to affordable housing, and the Virginia Association of Realtors will produce a quarterly housing-affordability...
Wall Street recap
Stocks fall a third day as dollar strengthens NEW YORK Investors can’t shake their fears that the economy isn’t keeping up with the stock market....
The Nation’s Housing column by Kenneth Harney
In the wake of an independent actuarial study that found the FHA’s insurance fund reserves far below the congressionally mandated minimum, the agency...
November 20, 2009
Hundreds line up for REI opening
Several hundred people waited in line this morning for the grand opening of outdoor equipment retailer REI in Henrico County’s West Broad Village....
Virginia’s jobless rate falls in October from September
Virginia’s unemployment rate, while higher than last year, remains far lower than the national average and bucked the national trend, which saw a...
Thanksgiving weekend travel in Va. expected to increase
The number of Virginians traveling by car, bus, train or airplane during the Thanksgiving holiday weekend is expected to increase about 3 percent compared...
Stock futures point to modestly lower opening
Stocks are set to continue their slide as the dollar is strengthening, and after a week of mixed economic reports. Futures are modestly lower.
European markets push higher ahead of speech from EU central bank chief
European stock markets rose Friday despite a drop in Asia as investors recouped some of the previous day’s hefty losses ahead of a key speech from...
2010 Virginia AAA Five and Four Diamond Winners
2010 Virginia AAA Five and Four Diamond Winners
Richmond man’s death attributed to swine flu
A Richmond man’s death is the latest in Virginia from swine flu, bringing total deaths in the state from the illness to 27. “It indicates that...
Electronics retailer hhgregg open for business in Richmond
The CEO of the appliance and consumer-electronics retailer believes the chain can make headway in an already competitive market.
Three local hotels, 2 restaurants awarded 4 Diamonds from AAA
Still in its first year of operation, The Westin hotel in Henrico County has won one of AAA’s prestigious Four Diamond Awards for superior service...
Virginia tax collections reflect struggling economy
Virginians are taking home less pay, spending less in stores and still are getting hit on their investments, new state tax-collection statistics show....
Va. transit board tightens rules for grant program
Since 1993, the state has put $270 million of its federal transportation money into 817 “enhancement grant” projects. Only 389 of those popular...
