Richmond Business News

Target-date funds may appeal to savings-wary young adults

Fri, 2010-09-03 05:01
Most teens and young 20-somethings would probably roll their eyes at the thought of socking away money for retirement. It's understandable, of course, given that some members of Generation Y ...
Categories: Richmond Business

Burger King selling itself to investment firm

Fri, 2010-09-03 05:01
Burger King's new ruler could help its empire expand. Burger King Holdings Inc. sealed a deal yesterday to sell itself for $3.26 billion to 3G Capital, an investment firm with ...
Categories: Richmond Business

Midlothian company sues to retain rights to My Baby video games

Fri, 2010-09-03 05:01
Midlothian-based SouthPeak Interactive Corp. has initiated a legal battle with a French company to retain its rights to publish the lucrative simulation-game product line known as My Baby. In the ...
Categories: Richmond Business

Business Briefs: Furniture maker to close in Clarksville

Fri, 2010-09-03 05:01
The business, which began in 1926, specialized in making antique reproductions and solid wood furniture. "They were victims of the economy," said Roy M. Terry, Howerton's attorney. The company filed ...
Categories: Richmond Business

Recession talk quieted by improving economic data

Fri, 2010-09-03 05:01
The feeble economy exhibited a smidgen of strength yesterday, with mildly positive reports on jobs and housing. Figures released on unemployment claims and home-buying contracts all trend in the right ...
Categories: Richmond Business

Back-to-school sales only a moderate success

Fri, 2010-09-03 05:01
This year's back-to-school season isn't as big a bust for retailers as they feared -- or as last year's -- but it's not great, either.
Categories: Richmond Business

Government releases August jobless rate this morning

Fri, 2010-09-03 05:01
FRIDAY, SEPT. 3 Featured event: •Labor Department releases employment data for August, 8:30 a.m. Local events: •"Retiring, Changing Employers or Lost Job -- Your 401(k): What Are Your Options?" workshop ...
Categories: Richmond Business

Workers bear larger share of health premium costs

Fri, 2010-09-03 05:01
Workers are paying a larger portion of their health-insurance costs as businesses shift more of the burden to their employees to help ride out the economic downturn, an annual study ...
Categories: Richmond Business

Fashion clothing takes on teen pregnancy

Fri, 2010-09-03 05:01
Just in time for Back-to-School shopping, teen-ethos retailer Forever21 is launching a line of maternity wear for the young mother to be. The retailer is offering highly elastic leggings for ...
Categories: Richmond Business

Northrop Grumman to pay for cost of independent review

Fri, 2010-09-03 02:45
by Paula C. Squires Gov. Bob McDonnell toughened his stance Thursday in a growing political imbroglio involving private computer contractor Northrop Grumman. McDonnell said Northrop Grumman has agreed to pay ...
Categories: Richmond Business

Jobless rates rise in many Virginia regions

Fri, 2010-09-03 02:31
Eight of 14 population hubs tracked by the Virginia Employment Commission saw their unemployment rates rise in July. Figures released by the VEC showed jobless rates up from June in ...
Categories: Richmond Business

Inflation assurances send mortgages down again

Fri, 2010-09-03 01:54
Fixed-rate mortgages continued to fall to record-lows this week as inflation seems to be holding steady, according to Freddie Mac. The average 30-year, fixed-rate mortgage fell to 4.32 percent, down ...
Categories: Richmond Business

Minor Family Hotels files for bankruptcy

Fri, 2010-09-03 01:51
The owner of the stalled Landmark Hotel project in Charlottesville has filed for Chapter 11 bankruptcy as a result of several legal battles. Minor Family Hotels said the project has ...
Categories: Richmond Business

Five companies receive Resilience Awards

Thu, 2010-09-02 20:44
Five Virginia companies received awards Wednesday for achieving high growth in economically challenged areas in the commonwealth. The companies were picked from a dozen finalists for the first Tayloe Murphy ...
Categories: Richmond Business

Bank' heritage consolidated into the history books

Thu, 2010-09-02 11:41
A local bank brand known for its African American heritage is getting a name change. And it's a clever move by the bank's out-of-state owners to help clean up a ...
Categories: Richmond Business

Former Redskins star caught in French' troubles

Thu, 2010-09-02 11:40
An NFL Hall of Famer is the latest to emerge claiming he is owed money by troubled developer Justin French.
Categories: Richmond Business

Trading Day: Inside the SEC filings of local public companies

Thu, 2010-09-02 11:33
A slimmer Trading Day this week, with moves at an up-start bank. Plus Dominion is selling bonds that pay only 2.25 percent.
Categories: Richmond Business

NewsFeeds 9.2.10

Thu, 2010-09-02 11:02
Sales Fell in August for Carmakers (NY Times) The fragile recovery in new-car sales stalled in August as consumers deserted showrooms that a year ago were flush with buyers drawn ...
Categories: Richmond Business

Apple unveils new TV box for renting movies, shows

Thu, 2010-09-02 05:01
Apple Inc. is refining its plans to annex the living room into its entertainment empire. Apple yesterday unveiled a smaller, cheaper version of Apple TV, which connects to a high-definition ...
Categories: Richmond Business

Report looks at health-care reform's tax credits for small businesses

Thu, 2010-09-02 05:01
Most of the eligible small firms likely to take advantage of federal tax credits to offset costs of employee health-insurance premiums are firms already offering health benefits, a new report ...
Categories: Richmond Business