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September 07, 2008
Google reigns as world’s most powerful 10-year-old
MOUNTAIN VIEW, Calif. (AP) _ When Larry Page and Sergey Brin founded Google Inc. on Sept. 7, 1998, they had little more than their ingenuity, four computers and an investor’s $100,000 bet on their belief that an Internet search engine could change the world.
September 05, 2008
Economist: downturn will have long-range effects
The current economic downturn will have longer-lasting effects than previous recessions, an economist said Thursday in Richmond.
Oil’s climb forced companies to become leaner
NEW YORK (AP) _ Conventional wisdom had long held that some industries would collapse if oil topped $100 a barrel.
September 04, 2008
Va. regulators get comments on ApCo rate hike request
RICHMOND, Va. (AP) — Virginia regulators say they’ve received about 2,000 comments on Appalachian Power’s request to raise electrical rates in Western Virginia.
Cutting employee health costs encourages them to manage chronic diseases
Chesapeake Regional Medical Center and Chesapeake Public Schools will begin an experiment this fall that turns the typical employee health insurance model on its head.
September 03, 2008
Steve & Barry’s to close Candlers Station store
“Everything must go” for $8.98 or less, the signs say. That’s the price tag the company put on all its merchandise last year during a Christmas-season sale.
Manufacturing shrinks in August, construction down
NEW YORK (AP) - For the nation’s lumber companies, automakers, home builders and other manufacturers, the final half of 2008 may be as sluggish as the first.
September 02, 2008
Prices up, servings down; food slams consumers’ wallets
MILWAUKEE (AP) — Kids may be worried about homework, teachers and that pesky bully this school year. But parents? They’re leery about lunches.
September 01, 2008
Donald’s Bagels & Bites reopening
The owner of The Bakery on Timberlake Road wants to fill a hole left in the community when Donald’s Bagels & Bites closed this summer.
August 29, 2008
Areva net profit soars in first half
PARIS (AP) - French state-controlled nuclear engineering firm Areva SA said Friday that net profit skyrocketed in the first half of the year as strong sales at its nuclear fuel and uranium enrichment division offset steep losses in its principal nuclear reactor business.
Comcast to make monthly Internet use cap official
NEW YORK (AP) - Comcast Corp., the nation’s second-largest Internet service provider, Thursday said it would set an official limit on the amount of data subscribers can download and upload each month.
Automakers face conflicting safety rules worldwide
DEARBORN, Mich. (AP) _ It seems like an easy solution: Americans are looking for more fuel-efficient vehicles, so Ford Motor Co. is bringing over some of the small, gas-sipping cars it’s been selling to Europeans for years.
August 28, 2008
Campbell Co. packaging plant to get $12M expansion
Graham Packaging plans to grow its factory in Altavista with a $12 million expansion that will create 10 jobs, Gov. Timothy M. Kaine announced Thursday.
Columbia Gas to lower fall rates
CHESTER, Va. (AP) — Customers of Columbia Gas of Virginia will get a break on their monthly bills in the fall.
Questions follow Mattel’s $100M Bratz verdict
RIVERSIDE, Calif. (AP) _ A three-month trial that pitted Mattel Inc. against Bratz-maker MGA Entertainment Inc. brought a $100 million jury award for the house of Barbie, but the legal battle is far from over.
August 27, 2008
Lynchburg lenders get the word out on new housing law
A recently passed federal housing bill could provide a big boost to prop up the nation’s housing market, according to several mortgage lenders in Lynchburg.
The Housing and Economic Recovery Act of 2008 became law July 30. It authorizes programs to help homeowners avoid foreclosure, and sets up tax credits to entice new buyers into the market.
Firms mandated to protect data
If they haven’t done so already, businesses should start thinking about whether they are protecting customers’ and employees’ personal information from identify theft.
Va. jobless rate matches 5-year high of 4.4 percent
The Virginia Employment Commission reported today that the state’s seasonally unadjusted unemployment rate rose 0.2 of a percentage point from the June rate.
FAA: Communication breakdown delayed flights
ATLANTA (AP) - Mass flight delays caused by an electronic communication failure at a Federal Aviation Administration facility drew new criticism for an agency that has been scrutinized over air traffic controller staffing levels and inspection standards for its ground-based equipment.
August 26, 2008
Research aims to put tongues in control of devices
ATLANTA (AP) - The tireless tongue already controls taste and speech, helps kiss and swallow and fights germs. Now scientists hope to add one more ability to the mouthy muscle, and turn it into a computer control pad.
August 25, 2008
Despite higher selling price, Va. coal yield down
Virginia coal production is down nearly 18 percent in the past year, even though the energy resource is fetching prices three times higher.
‘Beer trail’ hopes to emulate Va. wine industry
Construction crews are putting the finishing touches on the Devil’s Backbone beer brewery located just down the mountain from the Wintergreen ski and golf resort in Nelson County.
August 24, 2008
Growth in taxable sales through June in Region 2000 outpaces statewide numbers
Consumers drive the American economy. So how are they doing behind the wheel in Central Virginia?
A look at taxable sales in the Lynchburg region during the first six months of this year show that Region 2000 is faring better than the state as a whole.
August 22, 2008
Some parents struggling with back-to-school buys
CHICAGO (AP) _ Charles Lane-Bey combed through racks of blue jeans at a Salvation Army thrift store and held up a pair with potential to his 8-year-old son, Edward, who swung them over his shoulder with a smile.
August 21, 2008
Weak economy spurs growth for community colleges
RICHMOND, Va. (AP) - Two-year community colleges are seeing record enrollment as families squeezed by tough economic times steer high school graduates away from more expensive four-year universities.
August 20, 2008
38 laid off at Campbell County foundry
After filing for bankruptcy protection last week, Texas-based Intermet Corp. laid off 38 employees at its Archer Creek Foundry in Campbell County.
Effectiveness of car-safety technology tested
RUCKERSVILLE - No dummies are needed to try out new safety features on two cars at the Insurance Institute for Highway Safety’s vehicle research center.
August 19, 2008
Stocks fall on inflation data, financial worries
NEW YORK (AP)—U.S. stocks headed for a lower open Tuesday ahead of economic readings on home construction and inflation at the wholesale level, as well as earnings reports from several leading retailers.
Back to school and back in the network
TAMPA - Brook Custer giggles as she scours the rows of shiny new cellular phones at an Alltel wireless store in Brandon.
August 17, 2008
Faster Net to reach Nelson County
Clearer pictures, faster Internet access and a video-on-demand service are on their way to Nelson County Cablevision customers later this year as the company upgrades its electronic “head end” system.