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November 18, 2009

Stock futures point to modestly higher opening
Stock futures are pointing to a modestly higher opening as investors await a new report on housing and the dollar resumed its slide.

November 17, 2009

Stock futures point to modestly lower open
Stock futures are pointing to a modestly lower opening Tuesday as investors sort through another round of economic data and retail earnings.

November 16, 2009

Stock futures point toward higher opening
Stock futures are pointing to a higher opening as investors prepare for a large batch of economic data throughout the week, starting with a report on retail sales.

November 09, 2009

Stock futures point to higher Wall Street open
Stock futures are pointing to a sharply higher open on Wall Street after a weekend meeting of world financial leaders raised hopes for the global economy.

June 29, 2009

Man faces 400-year term in $126 million scam

Miami businessman Edward Hugh Okun is facing 400 years in prison when his two-day sentencing hearing starts on Aug. 4.


April 01, 2009

Asian stocks rise despite gloomy numbers

Asian stock markets rose Wednesday as investors shrugged off more gloomy signs in leading regional economies - China, Japan and South Korea - amid the deepest global slowdown in decades.


February 09, 2009

TARP database

Click here to see which banks in our area have gotten Federal Funds from the TARP Program.


November 24, 2008

Government unveils bold plan to rescue Citigroup

The government unveiled a bold plan Sunday to rescue troubled Citigroup, including taking a $20 billion stake in the firm as well as guaranteeing hundreds of billions of dollars in risky assets.


November 11, 2008

More housing worries send stock futures lower

    NEW YORK (AP) - Wall Street looked to open lower Tuesday after
homebuilder Toll Brothers Inc. said it couldn’t project a profit
for 2009 and Starbucks Corp. reported earnings missed Wall Street
expectations.

Asia stocks retreat, Europe lower

    HONG KONG (AP) - Stock markets in Asia declined and European
markets opened lower today as the luster wore off China’s nearly
$600 billion bailout of its own economy.


November 10, 2008

Government provides new aid to AIG
Government provides new aid to AIG

The government is providing new financial
assistance to troubled insurance giant American International
Group, including pouring $40 billion into the company in return for
partial ownership.

Wall Street heads to higher open on China stimulus
Wall Street heads to higher open on China stimulus

China’s announcement of a major economic
stimulus may ripple all the way to Wall Street.


October 21, 2008

Norfolk Southern 3Q profit soars, beats views

The results came in well above Wall Street’s expectations. Shares jumped $3.33, or 6.2 percent, to $57.20 in aftermarket electronic trading. The stock finished the regular session down $1.99, or 3.6 percent, to $53.87.


October 08, 2008

Circuit City loses credit agency approval

Bernard Sands, a credit reporting company that advises manufacturers whether to ship goods to retailers, has pulled it recommendation from Circuit City Stores Inc. after the company reported last week $239 million in losses for the second quarter.


October 07, 2008

Circuit City working with advisers to improve business

The move is part of the company’s announcement last week, that it has launched a comprehensive review in order to operate as a standalone business while it continues to explore strategic alternatives.


October 01, 2008

Rest of Wachovia units seen in play

But Wachovia Securities spokesman says analyst’s report is just speculation


September 15, 2008

“No reason to panic” says former Richmond Fed bank president

J. Alfred Broaddus Jr. says the severity is equal to the savings and loans crisis of the late 1980s and early 1990s


September 10, 2008

Lehman shuffles assets, expects 3Q loss

Lehman Brothers says it will sell a majority stake in its prized investment management business and spin off its commercial real estate operations.


September 08, 2008

In slacking economy, Lynchburg area companies are globalizing

Ralph Torning, an international trade manager for the Virginia Economic Development Partnership, said companies are short-changing themselves if they don’t export their products and services to other countries


August 28, 2008

Altria boosts quarterly dividend

Shareholders as of Sept. 15 will receive a dividend Oct. 10 of 32 cents per share, up from 29 cents.

Circuit City stock swoons

Henrico-based firm’s $1.52 closing price is lowest in 20 years


July 29, 2008

Wachovia ponders sale of assets

Broker, mutual funds may be put on block after loss, says CEO


July 17, 2008

Media General reports second-quarter loss

Marshall N. Morton, the company’s president and chief executive officer, blamed the results on a weakening economy and a continued challenging business environment in the publishing division.


June 30, 2008

James River Coal to acquire reserves

James River Coal Co. is acquiring nearly 20 million tons of central Appalachian coal reserves from Cheyenne Resources Inc.


June 24, 2008

Circuit City investor says three firms looking to make bid for chain
Circuit City investor says three firms looking to make bid for chain

Investor Mark J. Wattles expects an announcement from one of the three companies to be made within a month.


June 19, 2008

Circuit City loss is larger in first quarter

Sales fell 7.4 percent in the quarter that ended May 31. The Henrico County-based retailer also said it has suspended future dividend payments.


May 28, 2008

Altria shareholders meet in Richmond, elect new directors
Altria shareholders meet in Richmond, elect new directors

About 300 shareholders attended the annual meeting of cigarette maker Philip Morris USA’s parent company this morning at the Greater Richmond Convention Center.  It was the company’s first annual meeting in Richmond since 2003.


May 26, 2008

Bedford Co. company proves there is longevity in leather
Bedford Co. company proves there is longevity in leather

Moore & Giles, based in Forest, works with about 15 tanneries in Europe, Asia and other locations to develop long-lasting leather full of natural beauty


May 09, 2008

Yale students serve as bankers for struggling entrepreneurs
Yale students serve as bankers for struggling entrepreneurs

Elmseed Enterprise Program provides small loans and intensive technical support primarily to low income and other disadvantaged entrepreneurs.


May 06, 2008

Late cold snap puts a chill on California vineyards
Late cold snap puts a chill on California vineyards

The damage still is being assessed — it could be June before growers know the full extent — but most expect smaller-than-average harvests this year.

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