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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...
White-collar jobless prevalent in Richmond area
The worst recession in 70 years has ended. But tell that to people trying to find jobs. “The recession is not over until everyone who wants to work...
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....
Home’s price sheds light on local market
One of the top 10 home sales in September in the Richmond area was for a house with 12,870 square feet that sold for $931,900. It is assessed for $1.845...
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....
November 06, 2009
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...
Craigslist warns of job scams
Job-seekers beware: There’s a new warning on Craigslist.com. The Web site recently posted a scam alert, telling applicants to be on the lookout for...
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
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...
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...
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...
Buffett buying Burlington Northern rail for $34 billion
Legendary investor Warren Buffett is making what he calls an “all-in wager” on the U.S. economy—$34 billion to buy a major railroad that...
Wall Street recap: Rising commodities, dealmaking lift stocks
Rising commodities, dealmaking lift stocks NEW YORK Investors sidestepped some of their doubts about the economy and bought energy and industrial stocks...
