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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...
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....
The Jefferson Hotel again wins AAA’s Five Diamond Award
The Jefferson Hotel again has won AAA’s prestigious top rating for its guest service and accommodations. The Jefferson joins two other Virginia travel...
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
Jefferson Hotel wins AAA’s prestigious Five Diamond Award again
For the 17th consecutive year, The Jefferson Hotel has won AAA’s prestigious Five Diamond Award, the travel group’s top rating for hotels and...
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...
Request denied to halt enforcement on new tobacco rules
A federal judge has turned down a request by the nation’s No. 2 cigarette-maker and others to immediately halt enforcement of new federal regulations...
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...
November 05, 2009
Customers could get break on Dominion Virginia Power bills under deal
A typical Dominion Virginia Power customers would save about $80 on next year’s bills under an agreement the state’s largest utility has reached...
Fannie Mae seeks $15 billion in US aid after 3Q loss
Fannie Mae seeks $15 bln in US aid after 3Q loss
Four more deaths in Virginia related to swine flu
Flu-like illness in the state declined last week, suggesting H1N1 swine flu activity may be slowing. But four more people across Virginia have died from...
Federal official: Stimulus is helping Va.‘s small businesses
The federal economic stimulus program is working for small business in Virginia, the chief of staff of the U.S. Small Business Administration said. The...
Ball, Big Wheel, Game Boy make Toy Hall of Fame
ROCHESTER, N.Y.—Bounce it, kick it, catch it. Chase, throw or smack it. The ball, arguably the most popular plaything of all time, has finally earned...
Feds charge 14 in $25 million insider trading case
NEW YORK—Federal prosecutors say criminal charges have been filed against 14 people, including attorneys and Wall Street professionals, in a widening...
Productivity hits fastest pace in 6 years
WASHINGTON—Productivity surged in the third quarter at the fastest pace in six years while labor costs continued to drop sharply, a combination that...
New jobless claims drop to lowest level since Jan.
WASHINGTON—The number of newly laid-off workers filing claims for unemployment benefits falls to the lowest level in 10 months, evidence that job...
Retailers report mixed sales results for October
NEW YORK—The nation’s retailers are reporting mixed sales results for October. Shoppers, enticed by cooler weather and holiday discounts, opened...
Time Warner Cable third-quarter profit falls 11 percent
PHILADELPHIA—Time Warner Cable Inc. says its third-quarter profit fell 11 percent after paying higher interest expenses on debt incurred to separate...
Earnings: Markel Corp. back in black in 3rd quarter
A mild hurricane season boosted Markel Corp.‘s financial results, helping the Henrico County-based insurer to swing into the black for the third...
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...
