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March 12, 2010
HYPETube: A champion for obesity prevention
Jeannette Cordor is CEO and founder of Faces of Hope, a nonprofit organization dedicated to childhood obesity prevention.
Cyber crime on the rise
Victims of cyber thieves reported $559 million in losses last year, representing a 110 percent increase over 2008 figures, according to the Internet Crime...
February retail sales up 0.3 percent
WASHINGTON—Retail sales posted a surprising increase in February as consumers did not let major snowstorms stop them from storming the malls. The...
Wall Street futures trade higher
Stock futures are trading higher as investors look to consumers for guidance on the economic recovery. A handful of reports could detail the U.S. economy’s...
Asia stocks mixed; Europe gains
HONG KONG—Asian stocks were mixed today as investors held out for additional clues to the strength of economic recovery. European shares rose in...
Auto show begins today in Richmond
Auto manufactures will have a chance this weekend to woo potential buyers possibly gun-shy after recent recall announcements by several large carmakers....
SCC approves Va. Power rate-cases settlement
Dominion Virginia Power customers will save $726 million under a settlement of a group of rate cases the State Corporation Commission approved yesterday....
At summit, Va. urged to explore variety of sources for its energy needs
No silver bullet will solve Virginia’s growing energy needs. But silver buckshot could, speakers at an industry meeting said yesterday. “We...
Business Briefs for March 12
Richmond-based Massey says the court also allowed it to withdraw a $72 million bond it posted while the case was being weighed. Massey general counsel...
Federal regulators may seek more authority on vehicle safety
Government vehicle-safety regulators may seek greater authority to investigate defects in cars and trucks and are weighing a range of new safety requirements...
The Virginians on Forbes’ list of billionaires
Community Capital Bank triples loans
Usually, bankers like to hear your Plan A, then your Plan B—and then take your collateral before lending to your business. But a novel new bank—it...
The top 10 richest in the world
Mexican mogul passes Gates as world’s richest person
Mexican billionaire Carlos Slim has jumped ahead of Bill Gates to become the world’s richest person. Forbes magazine named Slim, a telecom mogul,...
Americans’ household net worth rose again last quarter
Americans are recovering their shrunken wealth—gradually. Household net worth rose last quarter, mainly because the healing economy boosted stock...
Details on the Virginia Motor Trend International Auto Show
Wall Street recap: Stocks climb for third day as financial shares rise
Stocks rise for third day as financial shares climb NEW YORK Arally in financial stocks yesterday helped the market extend its grind higher to a third...
Kids and Money: Get the most out of grueling college visits
Piles of tour books, brochures and maps are strewn across the kitchen table. It’s two weeks before the trip, and you’re feeling anxious about...
March 11, 2010
SCC approves Virginia Power settlement that will save customers $726 million
Dominion Virginia Power customers will save $726 million under a settlement of a group of rate cases the State Corporation Commission approved today. A...
First-time jobless claims drop slightly last week
The number of newly laid-off workers requesting unemployment benefits fell last week, the latest sign the employment picture is slowly brightening.
Trade deficit shrinks as auto and oil imports drop
The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential...
Smithfield Foods returns to profitability
SMITHFIELD—Meat processor Smithfield Foods returned to a profit in the third quarter, partly due to strength in its packaged meats business and higher...
Mexico’s Carlos Slim becomes ‘world’s richest’
Mexican tycoon Carlos Slim is the first man from a developing nation to become the world’s richest person — a shift that underlines the loosening...
Wall Street futures trade in a narrow range
NEW YORK—Stock futures are trading in a narrow range as a lack of economic reports have kept a lid on big movements this week. Investors eager for...
VW profit plummets 73 percent in 4th quarter
Volkswagen, Europe’s largest carmaker, said fourth-quarter net income dropped 73 percent to 257 million euros as revenue fell 1.2 percent. In the...
BMW yearly income down 36 percent
FRANKFURT—German carmaker BMW AG says its 2009 net income fell 36 percent to euro210 million ($286 million) because of lower demand for its cars...
Auto safety hearing today in Washington
WASHINGTON—Toyota’s massive recalls are bringing new scrutiny to the government’s auto safety agency. They are prompting Congress to...
Asian stocks post tepid gains; Europe lower
BANGKOK—Asian stock markets posted tepid gains today as China’s burst of inflation tempered confidence in the regional economic rebound. European...
Most restaurants are smoke-free, but exceptions exist
More than three months after Virginia’s new restrictions on smoking in restaurants went into effect, about 88 percent of restaurants in the state...
VCU Health System and Children’s Hospital plan joint operation
The VCU Health System hopes to expand its already considerable footprint. The health system will assume operations of the Children’s Hospital on...

