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November 20, 2009
Alcoa will cut 250 jobs at Hampton plant
Alcoa Inc., the largest U.S. aluminum producer, will cut 250 jobs at a plant in Hampton because of falling parts orders for industrial gas turbines. The...
Mortgage delinquency rate rises in Va.
The delinquency rate for mortgage loans on residential properties in Virginia stood at 7.7 percent at the end of the third quarter, up from 6.9 percent...
November 19, 2009
Electronics retailer hhgregg opens two area stores
Nearly 300 people streamed into the new hhgregg store near the Short Pump Town Center today as the retailer officially opened in Henrico and Chesterfield...
AAA Mid-Atlantic Four Diamond Award honors area restaurants, hotels
AAA Mid-Atlantic has announced its 2010 Four Diamond Award-winning hotels and restaurants in the central Virginia area.
Rancher saved from wrecking ball becomes energy-efficient
The house wasn’t historic or in any way unusual—just a plain brick and vinyl rancher like thousands of others built in the 1960s and ‘70s....
Business Briefs for Nov. 19
Housing Virginia, a statewide nonprofit dedicated to affordable housing, and the Virginia Association of Realtors announced yesterday that they will produce...
Universal Corp. borrowing $100 million
Universal Corp., the giant tobacco dealer, is borrowing nearly $100 million to refinance lower-interest rate, short-term IOUs and overdrafts it used to...
J.C. Penney kills its Big Book catalog
The J.C. Penney Co. Big Book is dead—a victim of shoppers’ growing reliance on the Internet. Plano, Texas-based Penney confirmed that its fall/winter...
Union Bankshares repays $59 million federal loan
Union Bankshares Corp. said yesterday that it has repaid the $59 million it received from the federal government under the Troubled Asset Relief Program....
Maruchan to add 50 jobs in Chesterfield
A new manufacturing line from Maruchan Virginia Inc., a Chesterfield County-based ramen soup and noodles manufacturer, will mean 50 new jobs for the region....
Bankruptcy judge approves LandAmerica plan
The end is near for LandAmerica Financial Group Inc. U.S. Bankruptcy Judge Kevin R. Huennekens approved the Henrico County-based title insurer’s...
Greater Richmond Chamber to visit Raleigh-Durham
The Greater Richmond Chamber’s 2010 InterCity Visit will be to North Carolina’s Raleigh-Durham region in April. Raleigh-Durham was chosen because...
November 18, 2009
Union Bankshares repays $59 million in TARP funds
Union Bankshares Corp. said today it has repaid the $59 million it received from the federal government under the Troubled Asset Relief Program. The Bowling...
J.C. Penney to stop publishing ‘big book’ catalogs
PLANO, Texas—J.C. Penney will stop publishing its twice-yearly “big book” catalogs, now that customers increasingly shop online. Instead,...
Va. farm exports to Cuba expected to increase
Virginia’s agricultural exports to Cuba are expected to be up by more than 10 percent this year, even as overall U.S. food exports to the communist...
Habitat for Humanity creates Virginia’s first community land trust
Richmond Metropolitan Habitat for Humanity has created the first community land trust in Virginia, which the nonprofit hails as a landmark moment in the...
Business Briefs for Nov. 18
After 22 years, Spinnaker’s Restaurant in the Chesterfield Towne Center has closed. The eatery officially shuttered Sunday after an issue with The...
Costco and Coca-Cola Co. locked in price dispute
Costco customers may have to look elsewhere for Coca-Cola products now that the retailer has stopped carrying them because the pair are fighting over prices....
VRS names Genworth to provide long-term-care insurance
The Virginia Retirement System has selected Genworth Financial Inc. as its choice to offer long-term-care insurance as a fringe benefit to its more than...
Earnings: Central Virginia Bankshares
Central Virginia Bankshares Inc. reported a third-quarter net loss of $1.05 million, or a loss of 46 cents per share, compared with a loss of $16.89 million,...
Creditors approve LandAmerica’s bankruptcy exit plan
Creditors in the LandAmerica Financial Group Inc. bankruptcy case voted overwhelmingly to approve a plan detailing how the holding company will dissolve...
Chester company buys 172 Exxon stations
Chester-based Southside Oil LLC has bought 172 Exxon retail gasoline stations, mainly in Maryland, more than doubling the company’s retail operations....
Tobacco firms find tax loophole
A new, multimillion-dollar tax loophole is leading some firms to start labeling their tobacco for roll-your-own cigarettes as pipe tobacco. New tobacco...
Massey buys more coal reserves
Massey Energy Co. has bought additional coal reserves from the bankrupt Appalachian Fuels LLC and its affiliates. The metallurgical and steam coal reserves,...
November 17, 2009
Spinnaker’s Restaurant in Chesterfield closes after 22 years
After 22 years, Spinnaker’s Restaurant in the Chesterfield Towne Center has closed. The eatery officially shuttered Sunday after an issue with The...
Wholesale prices keep inflation in check
WASHINGTON—Wholesale prices rose less than expected in October as a weak economy keeps inflation pressures largely in check. The Labor Department...
Target profit climbs 18 percent
CHICAGO—Target’s profit climbed more than 18 percent up in the third quarter as the discount department store chain cut costs and amped up...
Industrial output rises less than expected
WASHINGTON—Industrial production edged up 0.1 percent in October, a smaller-than-expected increase that signals a bumpy recovery ahead. Stronger...
Home Depot quarterly earnings fall 8.9 percent
ATLANTA—Home Depot, the largest home-improvement retailer, says its third-quarter earnings fell 8.9 percent as the housing and renovation markets...
Va. crop outlook muddied by deluge
Last week’s torrential rainfalls have caused damage and delays to some Virginia farm crops, but the extent of losses is unknown, some agriculture...
