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May 29, 2008
Busch bid may spin off theme parks
Busch Entertainment Corp, which operates 10 U.S. theme parks, could become an attractive buyout target if a Belgian brewer moves ahead with a $46 billion takeover of Anheuser-Busch Companies Inc., according to published reports.
May 28, 2008
Bedford County builder files bankruptcy
A developer in Bedford County filed for bankruptcy Wednesday morning, halting the foreclosure on a subdivision that was slated for auction at noon.
Areva apologizes for ‘hot spot’ on truck
Areva NP apologized to regulators Wednesday over a shipment of equipment that contained a radiation “hot spot” that exceeded federal guidelines and traveled more than 400 miles, from its Mt. Athos Road plant near Lynchburg to Tennessee.
Report: Lynchburg area tops in job growth
The Lynchburg area topped the totem pole of job growth in Virginia from April 2007 to the same month this year.
Point, click, buy, eat
In the march of progress, American society now verges on a significant leap that will deliver something incredible for couch potatoes.
Americans Driving Less As Gas Is Costing More
As gas prices reach new highs, Americans are driving fewer miles.
Va. unemployment rate fell in April
RICHMOND, Va. (AP) — Virginia’s unemployment fell slightly in April to 3.3 percent.
May 25, 2008
Forest company proves there is longevity in leather
A local company with roots in the Great Depression is branding itself to be a source for quality leather around the world.
May 23, 2008
Bank of the James’ shareholders to get 10 percent dividend
The Board of Directors of Bank of the James Financial Group Inc. has voted to declare a 10 percent stock dividend. The company announced the vote Tuesday at the annual shareholder’s meeting.
Kroger to build new store in Forest
Kroger is planning to expand one of its Lynchburg locations and to build a new store in a growing part of Forest.
Businesses Feel Squeeze Of Escalating Gas Prices
TAMPA — As gasoline prices inch closer to $4 a gallon, the tips keep getting smaller for Jessica Mendoza and the other waitresses at a Village Inn Restaurant in Tampa.
Wall Street is down after home sales report
NEW YORK (AP)—Wall Street tilted toward a lower open Friday as investors awaited a report on existing home sales and adjusted their portfolios before the three-day holiday weekend
May 21, 2008
Swedwood officially opens plant in Ringgold
A year and a half after it was announced, the Swedwood manufacturing plant officially opened its doors in Ringgold today.
Oil prices pass $132 after government reports supply drop
BANGKOK, Thailand (AP)—Crude oil prices are shooting further into record territory, breaking above $130 a barrel for the first time on persistent supply concerns and a weaker dollar.
May 20, 2008
FCC rules against Lynchburg station WLNI
The Federal Communication Commission has ruled that the owner of Lynchburg’s talk radio station WLNI (105.9 FM) can’t restrict the former owner from airing talk radio in Bedford County.
Two environmental groups object to third North Anna reactor
Two environmental groups have asked to intervene in Dominion Virginia Power’s license application to build and operate a third reactor at its Louisa County nuclear plant.
Some buyers forced to pay more fees on mortgage loans
TAMPA — Getting a mortgage could cost more, especially if you live in Florida or have less than stellar credit.
May 19, 2008
Business, medical leaders to discuss gap between health care providers, employers
Leaders from the business and medical communities will gather Wednesday with hopes to close an information gap between health care providers and employers.
May 18, 2008
President-elect of the American Nuclear Society says nuclear power plants a boon
The construction of new nuclear power plants in the United States presents some problems the nation’s entrepreneurs could solve.
With gas prices near $4 a gallon, area dealerships are seeing a shift in the norm
Riding a Harley in the Lynchburg area has its share of exhilarating moments: the breathtaking scenery, the fresh air, the sharp turns and hills on mountain roads.
May 16, 2008
CVCC and Dominion Virginia Power offer nuclear degree
Central Virginia Community College and Dominion Virginia Power are now offering a program in which participants can earn a nuclear industry-related degree while receiving a monthly stipend and a scholarship for tuition, fees and books.
May 15, 2008
Retailers vie for rebate cash
If Americans aren’t sure what to do with their economic stimulus checks, major retailers are happy to offer suggestions.
May 14, 2008
Ford recalling 655k trucks
WASHINGTON (AP) - Ford Motor Company is recalling more than 655,000 Ford F-150 and Lincoln Mark LT pickup trucks to fix a hose that could affect the vehicles’ braking power.
Dulles testing self-service customs process
WASHINGTON (AP) — Travelers who love going abroad — but hate the tedious customs process — may soon be able to avoid it altogether.
Circuit City fights FCC fines
Circuit City Stores Inc. yesterday appealed a $712,000 fine the Federal Communications Commission imposed, claiming the agency lacks the authority to issue such fines.
May 13, 2008
Study shows a wage gap between workers
The highest paid Virginians earned $10.58 more an hour in 2006 than in 1979. The lowest paid made a dime more an hour than they did in 1979.
Number of uninsured Virginians is climbing
The number of uninsured Virginians is climbing while medical coverage through the workplace is declining. Politicians are beginning to take notice.
May 12, 2008
Dominion Virginia Power seeks rate increase
Dominion Virginia Power, the electricity provider for parts of Appomattox and Campbell Counties, is seeking permission to raise its fuel surcharge on July 1.
Va. gas prices hit another record; oil falls after surge last week
Virginia gas prices reached yet another record high average price today, while oil prices fell after a heavy surge last week.
May 11, 2008
The big squeeze: As interest rates lower, so do banks’ profit margins
Select Bank’s founders last July had no idea they were opening the bank just before interest rates would take a sudden, sustained dive.