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November 08, 2009

Crooks set sights on bank ATMs

Crooks set sights on bank ATMs Stop and look before inserting your card into an ATM machine. Crooks have been tampering with automated teller machines...

Stock news for Nov. 8

For the week that ended Nov. 6. DIVIDEND Quarterly unless noted Increased Aaron’s Inc .018 from .017 Alliance Res Ptrs .76 from .745 Apollo Invest...


November 07, 2009

Earnings report: Insmed

Richmond biopharmaceutical company Insmed Inc. reported it lost $150,000 in the quarter ending Sept. 30, compared with a loss of $2.2 million in the same...

Wall Street recap

Stocks post modest gains despite bad news on jobs NEW YORK Investors undaunted by a surprisingly weak jobs report found enough positive news to nudge stocks...

Business Briefs for Nov. 7

Philip Morris USA and two other cigarette companies can stop making payments to tobacco farmers in Maryland and Pennsylvania through a decade-old settlement....

Richmond-area jobless press hunt for work
Richmond-area jobless press hunt for work

Richmond’s unemployed workers did the best they could to shake off yesterday’s bad news that the U.S. unemployment rate hit double digits....

Hungary Brook Shopping Center in foreclosure

The Hungary Brook Shopping Center in northern Henrico County is in foreclosure and on the auction block. The retail center, on Concord Avenue near Parham...

Henrico-based Markel looks to invest in privately held companies

Markel Corp. has been patient for the past four years, but the specialty insurer now is looking to make a bigger plunge in what it thinks of as the “patient...


November 06, 2009

Economic stimulus debated at Va. Asian Chamber
Economic stimulus debated at Va. Asian Chamber

The federal economic-stimulus plan is working for small businesses in Virginia, a senior SBA official told the Virginia Asian Chamber of Commerce’s...

Nov. 6 Business Briefs

The Martin Agency and five other agencies are competing to handle advertising for General Motors Co.‘s Cadillac division. GM said it narrowed its...

Earnings: Universal Corp.

Higher prices for North American tobacco have boosted Universal Corp.‘s earnings so far this fiscal year despite a drop in shipments of leaf. Volumes...

Oct. sales up, but shoppers still cautious

October’s retail sales results, the best performance since April 2008, show that Americans are spending a little more. But will they be willing to...

House OKs extended homebuyer, jobless aid

Missed out on Cash for Clunkers? Congress has another deal for you: Buy a home before May 1 and collect up to $6,500 from the government. If you’re...

Wall Street recap: Jobs data, Cisco report send stocks over 10,000

Jobs data, Cisco report send stocks over 10,000 NEW YORK Abright forecast from Cisco Systems and upbeat economic news sent stocks soaring yesterday and...


November 05, 2009

Reproduction of Union Hill house wins praise
Reproduction of Union Hill house wins praise

The house was an icon in Richmond’s Union Hill, standing higher than street level in a neighborhood bordering Church Hill. But it also was an eyesore,...

Fed again vows to hold rates at record lows

The Federal Reserve pledged yesterday to keep a key interest rate at a record low for an “extended period,“ signaling that the weak economy...

Cash for Clunker deals faulted in sales analysis

The most common deals under the government’s $3 billion Cash for Clunkers program, aimed at putting more fuel-efficient cars on the road, replaced...

Anthem warns of premium increases

Anthem Blue Cross and Blue Shield says the problem with health-care reform is that people who avoid the proposed requirement to buy insurance won’t...

Business Briefs for Nov. 5

Star Scientific Inc. said yesterday that it plans to introduce the CigRx nutraceutical product developed by its Rock Creek Pharmaceuticals subsidiary for...

Clothing brands shift stores seeking higher sales

NEW YORK Some of fashion’s best-known names are playing musical chairs. Faced with a consolidating department store industry and eroding sales, some...

Attorney general urges Va. Power electric-rate cut or refund

Virginia’s attorney general is urging the State Corporation Commission to either cut Dominion Virginia Power’s electric rates this year or...

Wall Street recap

Stocks end mixed after investor optimism fades NEW YORK Alate-day slump left stocks mixed yesterday as investors couldn’t hold on to their optimism...


November 04, 2009

Earnings: Kraft Foods and Richmond-based Colfax

Kraft Foods said slower sales, lower retail food prices and the comparison with a gain a year ago helped cut its third-quarter profit 40 percent, but the...

Brink’s payment to pension plan pays off

Sometimes, you need to spend money to make money—as The Brink’s Co. Inc. has done, breaking step with most American businesses by contributing...

Stimulus funds sought for aerospace research center

The University of Virginia and Virginia Tech are seeking federal economic-stimulus money to help build a manufacturing research center aimed at fostering...

REI, hhgregg to open outlets here this month

Two retailers are expected to open within a day of each other this month. Appliance and consumer electronics retailer hhgregg is scheduled to open its...

Auto-sales data shows industry beginning to stabilize

After months of fluctuating sales, the auto industry offered signs of recovery from its yearlong slump, as most automakers reported yesterday higher levels...

Business Briefs for Nov. 4

Commuters who drive alone on some of the most congested highways in the Washington region could earn $2 a day by carpooling to work. Commuter Connections,...

Fed to release statement about interest rates

Even with the Federal Reserve widely expected to leave interest rates at a record low today to nurture the fragile recovery, fissures are growing among...

Richmond radiology practice seeks bankruptcy protection

Commonwealth Cancer Institute, a small radiology practice in Richmond’s Carver neighborhood, has filed for bankruptcy protection. The Chapter 11...

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