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November 13, 2009
Dominion Resources wins HYPE Young Professional Workplace Award
Dominion Resources Inc. won the HYPE Young Professional Workplace Award last night for fostering a dynamic work environment for young professionals. The...
U.S. trustee objects to LandAmerica’s exit plan for bankruptcy
The U.S. trustee charged with upholding bankruptcy laws filed an objection late yesterday regarding LandAmerica Financial Group Inc.‘s plan to exit...
Ideas proposed for St. Mary’s Hospital growth
The “new urbanism” style of development that Bon Secours Richmond Health System envisions for its St. Francis Medical Center in Chesterfield...
Mark Smith, owner of 4 Midas shops, named Retailer of the Year
Mark Smith was named 2009 Retailer of the Year by the Retail Merchants Association yesterday. Smith, who owns four area Midas Auto Service Experts locations,...
Wall Street recap: Drop in U.S. energy demand drags stock market lower
Drop in energy demand a drag on stock market NEW YORK Ajump in the nation’s energy inventories sent stocks falling yesterday as investors worried...
November 12, 2009
Maryland and Delaware join Virginia to develop offshore wind energy
The governors of Virginia, Maryland and Delaware have signed a memorandum of understanding to create a formal tri-state partnership for the development...
Business Briefs for Nov. 12
The MBA program at the University of Richmond’s Robins School of Business was ranked the 17th best part-time program in country by BusinessWeek....
Price for gold rockets above $1,000 per ounce
Price for gold hits record of $1,119 per ounce The new gold rush is on. The price of the precious metal is soaring, hitting a record $1,119 an ounce on...
Macy’s localization efforts paying off
Macy’s Inc.‘s move to localize merchandise at its department stores by region appears to be paying off. The giant department-store retailer...
Charlottesville firm, U.Va., work on new turbine design
A Charlottesville company and researchers at the University of Virginia are developing a new turbine to harness wind power for electricity. The prototype...
Alpha Natural Resources Inc.
Headquarters: Abingdon (moving to Bristol) Employees: 6,200 Top executive: Kevin S. Crutchfield, chief executive officer Founded:...
Coal company to keep headquarters in Southwest Va.
Coal producer Alpha Natural Resources chose to build a new corporate headquarters in Bristol for economic reasons and to stay close to its roots in rural...
Wall Street recap
Stocks rise as traders bet on low rates, China NEW YORK More signs that interest rates will remain low and upbeat economic news from China gave investors...
November 11, 2009
Estes transports World Trade Center steel back to New York
It wasn’t a load for Mitch Kattan. It was an honor. For former members of the American armed forces such as Kattan, their military service gives...
Business Briefs for Nov. 11
Tobacco company Star Scientific Inc. has six months to get its stock price above $1 per share or face possible delisting from the Nasdaq stock exchange....
60-year-old Abingdon drive-in seeks face-lift
60-year-old Abingdon drive-in seeks face-lift ABINGDON Without much fanfare, the Moonlite Theatre celebrated its 60th birthday this year, and owner William...
Housing plan reaches one in five borrowers
The Obama administration’s mortgage-relief program has reached one in five eligible homeowners, a government report says, but most of those borrowers...
6.1 unemployed workers competing for each job
Job openings are at rock-bottom levels, according to government and private surveys released yesterday. It’s a trend that could keep the unemployment...
Some banks raising fees on checking accounts
First, terms on credit cards got harsher. Now some people are seeing higher fees on their checking accounts. Citibank customers with Access or EZ checking...
FDIC boss says big banks need to lend more
The head of the Federal Deposit Insurance Corp. said yesterday that she’s “very worried” that the nation’s biggest banks aren’t...
Wall Street recap
Stocks mostly fall as dollar’s value increases NEW YORK Caution returned to the stock market yesterday as investors decided to slow an advance that...
November 10, 2009
Creditors’ list is nearly all that remains of Circuit City
Creditors have until today to cast votes on whether to support a plan of reorganization that lays out how remaining funds will be divided.
Bon Secours plan for ambulatory-care center in Chesterfield will create 100 jobs
Bon Secours is investing $30 million and bringing 100 new jobs to Chesterfield County, making for the largest economic-development announcement in the...
Dow jumps 200 points to 13-month high
The Dow Jones industrial average stormed to its highest level in more than a year yesterday as a falling dollar boosted prices for gold, oil and other...
Next Williamsburg visit could include an 18th-century coffeehouse experience
WILLIAMSBURG Don’t expect soy lattes or Internet access for your laptop, but your next visit to Colonial Williamsburg could include a stop in a coffeehouse....
Slow economy means hottest toys will be even harder to find
Robotic toy hamsters, the latest Barbie dolls and stylish boots are disappearing from store shelves as holiday shoppers start to get serious. But don’t...
Kraft takes $16.4 billion offer for Cadbury to candy maker’s shareholders
Kraft Foods has gone hostile in its bid to buy Cadbury but didn’t sweeten its first bid, drawing an immediate rejection from the British candy maker...
First Capital Bancorp, Eastern Virginia Bankshares call off merger
First Capital Bancorp Inc., the bank holding company for First Capital Bank, and Eastern Virginia Bankshares Inc. have called off their merger, citing...
November 09, 2009
Core Consulting adds clients after tough 2008
Rick Mears likes how Core Consulting looks at the decision-making process from all angles when it provides information-technology strategy and advice to...
Biz Buzz: Trio hopes to create buzz in home sales market
Three former University of Richmond students are trying to make it easier for homeowners to sell their houses. The three—Mike Gray, Mark Hickman...
