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November 16, 2009
60 Seconds with: Lisa Disselkamp
LISA DISSELKAMP Metro Business asked Lisa Disselkamp, president of Athena Enterprises, a Chesterfield County-based work-force management technology consulting...
Indicators for week of Nov. 16
Indicators MONDAY Commerce Department releases retail sales for October and business inventories for September. TUESDAY Labor Department releases...
November 15, 2009
Freshmen urged to get financial lives on track
Freshmen can avoid money woes College freshmen, listen up. Get your financial life on track this first semester—or you may wind up making mistakes...
November 14, 2009
Cost-cutting helps profit for Southern States Cooperative
The recession took a bite out of Southern States Cooperative Inc.‘s revenue in its 2009 fiscal year, but cost-cutting helped it turn a profit for...
Trade deficit up sharply in Sept.
A weaker dollar may boost the nation’s economy by increasing exports and narrowing the trade gap—but that won’t happen anytime soon....
Rich buying again, but middle class still hurting
American shoppers are splitting again: The affluent are finally starting to buy, picking up designer clothes at such places as Nordstrom, while those on...
Wall Street recap
Earnings reports give a boost; Dow gains 73 NEW YORK Encouraging earnings news from major retailers and The Walt Disney Co. drew investors back into the...
November 13, 2009
Area localities differ over allowing livestock in urban areas
PETERSBURG Dana Ballenger brought home two baby doll sheep and gave them good Southern names, Jezabell and Thelma Lou. She checked first with city authorities...
Economy at ‘somewhat of a snapback,‘ expert tells Richmond economists
Business economists think the U.S. economy will get back to where it was before the recession by the end of next year. But employment won’t reach...
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
Foreclosure filings down in Virginia for month, year
The number of homeowners on the brink of losing their homes dipped in October, the third straight monthly decline, as foreclosure-prevention programs helped...
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...
Alpha Natural Resources Inc.
Headquarters: Abingdon (moving to Bristol) Employees: 6,200 Top executive: Kevin S. Crutchfield, chief executive officer Founded:...
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
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....
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...
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
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...
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...
Good news for commercial real estate owners
Commercial real estate owners got some encouraging news during the past few weeks. Several economic reports showed promising signs, and the FDIC made clear...
60 Seconds with: Steve Kimball
STEVE KIMBALL Metro Business talked to Steve Kimball, managing director of Tuscan Advisors, a Henrico County-based business consulting firm. He also is...
Ask Score: Where to begin if you want to start a business
Q:I am a recent victim of corporate downsizing. I am considering starting my own business. What insights can you offer me as I try to determine my best...
