Richmond Times-Dispatch

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Updated: 1 day 12 hours ago

CarMax hiring ad agency

Fri, 2010-09-03 11:52
Goochland County-based CarMax Inc. has agreed to hand the creative duties of its advertising account to New York-based ad agency Amalgamated. The automotive retailer chose the agency after a three-month review. Amalgamated and CarMax are currently negotiating terms of the deal.
Categories: Richmond Business

MeadWestvaco selling media, entertainment packaging business

Fri, 2010-09-03 11:02
MeadWestvaco Corp. has agreed to sell its global media and entertainment packaging division for $68 million to Connecticut-based Atlas Holdings LLC. The Richmond-based packaging company's media business focused on packaging for DVDs, music and video games. It employs 1,450, and has operations in several European countries as well as the ...
Categories: Richmond Business

Obama: New jobs numbers 'positive' but not enough

Fri, 2010-09-03 10:38
President Barack Obama says that a new jobs report showing private sector growth in August is positive but more needs to be done for the economy.
Categories: Richmond Business

Service sector grows at slower pace in Aug.

Fri, 2010-09-03 10:17
A trade group says the U.S. service sector, which provides most of jobs in the country, expanded for the eighth straight month in August, but the pace of growth slowed.
Categories: Richmond Business

U.S. unemployment rate rises to 9.6%

Fri, 2010-09-03 08:41
Rate rises as weak hiring by private employers wasn't enough to keep pace with number of people looking for work.
Categories: Richmond Business

Va. transportation chief proposes 6-state I-81 summit

Fri, 2010-09-03 07:30
Virginia's transportation chief wants to hold a summit in the fall with representatives of all six states along the Interstate 81 corridor.
Categories: Richmond Business

BP says cost of Gulf of Mexico spill hits $8 billion

Fri, 2010-09-03 07:10
LONDON -- BP says it has so far spent $8 billion responding to the disastrous oil well blowout in the Gulf of Mexico. The company said today that the total included $399 million paid to settle 127,000 claims from businesses and other affected by the oil spill. The oil company ...
Categories: Richmond Business

Dubai police chief calls BlackBerry a spy tool

Fri, 2010-09-03 07:00
DUBAI, United Arab Emirates -- Dubai's police chief says worries about spying by the U.S., Israel and others helped push plans to limit BlackBerry services in the United Arab Emirates. The comments by Lt. Gen. Dahi Khalfan Tamim -- posted today on the Al-Khaleej newspaper website -- raise new doubts ...
Categories: Richmond Business

Wall Street futures edge higher

Fri, 2010-09-03 06:58
NEW YORK -- Stock futures are inching higher, continuing a rally ahead of the government's monthly employment report. Moves are modest today because traders don't typically make big bets before such an important reading on the nation's economy. Stocks have surged over the past two days after some encouraging reports ...
Categories: Richmond Business

Massey execs were in mine 4 hours after W.Va. explosion

Fri, 2010-09-03 06:41
A lawyer handling two wrongful-death lawsuits says evidence collected in the Upper Big Branch mine could be compromised because two Massey Energy managers were underground for nearly four hours after the deadly April blast.
Categories: Richmond Business

Asia stocks rise on U.S. data improvement

Fri, 2010-09-03 05:42
BEIJING -- Most Asian stock markets climbed today as investors took heart from a slight improvement in U.S. economic indicators amid lingering worries over the pace of the global economic recovery. Gains were modest across the region as investors waited for U.S. employment figures due out later today. August's jobless ...
Categories: Richmond Business

Government releases August jobless rate this morning

Fri, 2010-09-03 00:01
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 led by Chris White of Virginia Asset Management, 8:30 a.m. and noon, 130 Wylderose Drive in Midlothian. Details: (804) 327-0468.
Categories: Richmond Business

Burger King selling itself to investment firm

Fri, 2010-09-03 00:01
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 strong ties to Latin America.
Categories: Richmond Business

Business Briefs: Furniture maker to close in Clarksville

Fri, 2010-09-03 00:01
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 for bankruptcy Monday. It was unclear when the business would close. The Norfolk-based railroad company says it has set a ...
Categories: Richmond Business

Fashion clothing takes on teen pregnancy

Fri, 2010-09-03 00:01
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 $12, supportive belly panel wraps and hip yoga pants that cover a growing baby bump. And a free subscription to ...
Categories: Richmond Business

Midlothian company sues to retain rights to My Baby video games

Fri, 2010-09-03 00:01
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 My Baby games, players raise a child, from feeding and burping to bathing and changing diapers. Later versions include teaching ...
Categories: Richmond Business

Workers bear larger share of health premium costs

Fri, 2010-09-03 00:01
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 shows. The average employee contribution toward premiums for family coverage climbed 14 percent this year to nearly $4,000, according to ...
Categories: Richmond Business

Recession talk quieted by improving economic data

Fri, 2010-09-03 00:01
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 direction, tempering fears that the economy is on the brink of another downturn. Still, growth remains anemic, and a report ...
Categories: Richmond Business

Back-to-school sales only a moderate success

Fri, 2010-09-03 00:01
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

Review policies for hurricane coverage

Fri, 2010-09-03 00:01
Insurance coverage Virginians should review their insurance coverage to see how they are covered for hurricane damage, the State
Categories: Richmond Business