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November 11, 2009

Virginia, Maryland, Delaware join forces for wind energy

The governors of Virginia, Maryland and Delaware have signed a memorandum of understanding to create a formal tri-state partnership for the deployment of offshore wind energy in the Middle Atlantic region.

U.S. has 6.1 unemployed workers for each job
U.S. has 6.1 unemployed workers for each job

Job openings are at rock-bottom levels, according to government and private surveys released yesterday. It’s a trend that could keep the unemployment rate high even as layoffs slow.


November 10, 2009

Lynchburg-developed reactors may be key to McDermott International’s strategy

McDermott International sees the stars aligning for its small, modular nuclear reactor that is being developed in Lynchburg.

Fewer Of Us Are Upside Down In Our Mortgages

Many of us know we owe more on our mortgages than our homes are worth. But here’s a little bit of good news: Values show signs of stabilizing.

Airlines’ On-Time Performance Improves

The nation’s largest airlines posted a higher on-time arrivals rate in September than last month and in September 2008, a U.S. Department of Transportation report issued today said.

Slow economy means hottest toys will be even harder to find
Slow economy means hottest toys will be even harder to find

Robotic toy hamsters, the latest Barbie dolls and stylish boots are disappearing from store shelves as holiday shoppers start to get serious. But don’t confuse this with the days of Tickle Me Elmo.

Virginia business startup Web site reaches milestone

A state-run Web site to help streamline the process of starting a business has reached a milestone.

A year after bankruptcy, Circuit City little more than list of creditors
A year after bankruptcy, Circuit City little more than list of creditors

One year after filing for bankruptcy protection, Circuit City Stores Inc. is nearly extinct.


November 09, 2009

Tobacco growers look to China

North Carolina tobacco growers have reached agreement with China on the sale of 52 million pounds of tobacco leaf - a sign of the increasing importance of the Chinese market for tobacco produced in the United States.

1 million baby strollers recalled after children’s fingers amputated

About a million Maclaren strollers sold by Target and Babies “R” Us were recalled Monday, after 12 reports of children having their fingertips amputated by a hinge mechanism.

Nokia recalling 14 million cell phone chargers that can cause electric shock

Nokia Corp. announced Monday that some 14 million mobile phone chargers could be dangerous for users and said it will replace them free of charge.

Campbell store stocks candy, neighborhood memories
Campbell store stocks candy, neighborhood memories

The rusted 1950s sign on the front of Eastbrook Grocery suggests an older store, though it’s only been open for two months.


November 06, 2009

NRC’s decision on B&W incident could take 4-6 weeks

It could take more than a month for federal regulators to decide whether to take action against Babcock & Wilcox for possible violations, officials said Friday.

Salmonella victims upset no prosecutions yet against Peanut Corp. of America

At the height of the nationwide salmonella outbreak nearly a year ago, FBI agents raided two peanut plants and carried away boxes of evidence. FDA inspectors found roaches, mold and a leaky roof. Then, Congress revealed e-mails from the peanut company’s top executive that seemed to suggest the pursuit of profits over ensuring public safety.

Judge denies halt enforcement on new tobacco rules

A federal judge has turned down a request by the nation’s No. 2 cigarette-maker and others to immediately halt enforcement of new federal regulations on tobacco products.

NRC to discuss apparent Babcock & Wilcox violations today

Today federal regulators will meet with Babcock & Wilcox Company officials to discuss “apparent violations” surrounding an event at the company’s Mt. Athos facility in July.

U.S. unemployment hits 10 percent for first time since 1983
U.S. unemployment hits 10 percent for first time since 1983

Nearly 16 million people can’t find jobs even though the worst recession since the Great Depression has apparently ended.


November 05, 2009

Congress votes for more aid to jobless, homebuyers

Congress took further steps to right the staggering economy by expanding a popular tax credit for homebuyers and extending unemployment checks for the growing legions of people running out of benefits with few job prospects.

State needs to improve incentives for energy, official says

Virginia can’t get complacent when it comes to business and economic development, a state economic development leader said.

Cash for Clunker deals faulted in sales analysis
Cash for Clunker deals faulted in sales analysis

The most common deals under the government’s $3 billion Cash for Clunkers program, aimed at putting more fuel-efficient cars on the road, replaced old Ford or Chevrolet pickups with new ones that got only marginally better gas mileage, according to an analysis of new federal data by The Associated Press.


November 04, 2009

Engineering research center to break ground in Bedford

A plan to bring a university-level research facility for engineering to the Lynchburg area — without the university — takes a major step forward this week in Bedford County.

UPDATE: Fed again pledges to hold rates at record-lows
UPDATE: Fed again pledges to hold rates at record-lows

With the recession apparently over, the Federal Reserve on Wednesday held a key interest rate at a record low and again pledged to keep it there for an “extended period” to foster the fragile economic recovery.

Lynchburg Bank of America building owners hope to fill space soon

When Bank of America closes its downtown Lynchburg branch next month, the building’s owners hope to quickly recruit a new banking tenant.


November 03, 2009

Barr Laboratories’ parent company reports rising profits

The company that bought the Barr Laboratories facility in Bedford County last year reported on Tuesday that its profits continue to rise.


November 02, 2009

Approval helps clear way for reactors’ construction

A Maryland agency has given a key approval to a deal between two companies that hope to build an Areva-designed nuclear reactor.

Millions without sick leave fear swine flu
Millions without sick leave fear swine flu

For millions of Americans the rule is simple: If you don’t come to work, you don’t get paid.

Ford surprises with $1B profit; sees profit in ‘11

Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a “solidly profitable” 2011.

Kroger selling more house brands
Kroger selling more house brands

SPRINGDALE, Ohio — Ice cream swooshes out of metal nozzles and swirls into 38,000 “party pails” per day here, one of many ways Kroger Co. is using its massive manufacturing capability to feed growing demand for low-priced store brands.

First National Bank drops ‘Altavista’ from name

There’s something missing from the signs at First National Bank of Altavista.


November 01, 2009

The News & Advance names new regional advertising director

Scott Burton has been named regional advertising director for The News & Advance in Lynchburg.

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