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EconomyEconomy

Lee Chapman assumes daily management of Davenport

I. Lee Chapman IV has been named president and chief operating officer of Davenport & Co., an independent, employee-owned investment firm in the Richmond area.

01/04/2021 9:15 PM

McDonnell wants $37 million for economic incentives

Gov. Bob McDonnell is asking state lawmakers for about $37 million to fund another round of economic initiatives.

01/04/2021 1:39 PM
UPDATE: Detroit's 3 carmakers report strong sales for 2011

Americans bought more cars and trucks last year, spurred by easier credit, an improved economy and a desire to replace the aging vehicles that got them through the Great Recession.

01/04/2021 11:55 AM
U.S. factory orders rise sharply for November

Orders to U.S. factories rose sharply November on a surge in demand for airplanes. But demand for goods that signal business investment plans fell for the second straight month.

01/04/2021 10:11 AM
Inflation eases in Europe in December

Official figures show that inflation in the 17 countries that use the euro fell to 2.8 percent in the year to December from 3 percent the previous month.

01/04/2021 6:38 AM
Fed to regularly forecast interest-rate changes

In a major shift, the Federal Reserve will start announcing four times a year how long it plans to keep short-term interest rates at current levels, according to minutes from its December policy meeting.

01/04/2021 12:00 AM
Saying goodbye to the 100-watt incandescent bulb

Steve Levet is mourning the passage of the common 100-watt incandescent light bulb.

01/04/2021 12:00 AM
National business briefs for Jan. 4

Advertisers on waiting list for Super Bowl

01/04/2021 12:00 AM
Rates mixed at weekly Treasury auction

Interest rates on short-term Treasury bills were mixed in Tuesday's auction, with rates on three-month bills dropping to the lowest level in two weeks while rates on six-month bills were unchanged.

01/04/2021 12:00 AM
India tycoon's got tons of cash, nowhere to invest

Ajay Piramal is sitting on a mountain of cash. Yet the billionaire Indian tycoon, working in one of the world's fastest-growing economies, is struggling to figure out what to do with the money.

01/04/2021 12:00 AM
Henrico Business Licenses for Jan. 4

The following are recently issued business licenses in Henrico.

01/04/2021 12:00 AM
Starbucks to raise prices in Richmond area and other certain regions

The price of a Starbucks "tall" brewed coffee, a "tall" latte beverage or four other beverages sold in the Richmond area will increase by 10 cents, the company said Tuesday.

01/04/2021 12:00 AM
Biz to Go: Slave labor targeted in Calif. law, social media

Justin Dillon's rock band was touring Eastern Europe when he met some college students who told him they were about to get work in the West. They were eager to begin what they were sure would be their new MTV-like lives.

01/04/2021 12:00 AM
Virginia business briefs for Jan. 4

ICF completes acquisition of Ironworks Consulting

01/04/2021 12:00 AM
Factories, builders boost economy at end of year

U.S. manufacturers ended 2011 with their best month of growth since the late spring. And the struggling construction industry spent more on projects for the third time in four months.

01/04/2021 12:00 AM
November construction spending jumps 1.2 percent

Construction spending jumped in November as builders spent more on single-family homes, apartments and remodeling projects.

01/03/2022 10:18 AM
U.S. manufacturing grows at fastest pace in 6 months

Manufacturing grew in December at the fastest pace in six month, the latest sign that the U.S. economy gained momentum at the end of last year.

01/03/2022 10:13 AM
U.S. auto industry to post another good sales year

After hitting a 30-year low in 2009, U.S. auto sales are poised for a second straight year of growth — the result of easier credit, low interest rates and pent-up demand for cars and trucks created by the Great Recession.

01/03/2022 6:30 AM
Richmond Business Licenses for Jan. 3

The following are recently issued business licenses in Richmond.

01/03/2022 12:00 AM
Crocs' profits soaring on heels of new designs

Crocs — love 'em or hate 'em. Not just the distinctive rubbery shoes. The stock of Crocs generates the same polarized sentiment.

01/03/2022 12:00 AM
United Continental to continue to make headlines in 2012

While 2012 is likely to feature a variety of dramatic airline news stories, if only because most years in the volatile and hypercompetitive industry beget drama, some of the biggest developments will come from the world's largest airline, United Continental Holdings Inc. of Chicago.

01/03/2022 12:00 AM
Four personal finance technology trends for 2012

If you're one of the holdouts still paying bills with checks or tracking your accounts with pen and paper, 2012 could be the year you take the digital plunge.

01/03/2022 12:00 AM
Financial markets closed Monday

The U.S. financial markets were closed Monday in observance of New Year's. The markets are open today.

01/03/2022 12:00 AM
Altria launches website, Citizens for Tobacco Rights

Cigarette maker Altria Group Inc. is giving consumers a new place to read about and act on tobacco-related public policy issues.

01/03/2022 12:00 AM
Biz to Go: New amusement park boss looks beyond big thrills

Stuck in a dreary staff meeting this summer, the new president of the nation's third-biggest amusement park chain decided to shake things up by taking everyone for a spin on one of the world's fastest roller coasters.

01/03/2022 12:00 AM