• Financial Crisis Headlines
Five banks shut down in 7 states

Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year.

Paper manufacturer to expand in Va.

Paper manufacturer Mercury Paper is investing more than $21 million to expand its Shenandoah County facility and transform it into its North American

CAT lays off another 120 workers in NC

Multiple media outlets reported that the company laid off 121 employees Wednesday at its plant in Clayton. It's the third layoff at Clayton since December

Northrop awarded RCOH planning contract

The Department of Defense on Wednesday awarded Northrop Grumman Corporation a contract initially valued at $80.1 million to accomplish planning work for the

Chamber, Wall Street seek to alter bill

Financial institutions and their allies mobilized lobbyists and fueled their media campaigns Tuesday in a swift response to a Democratic plan to rein in Wall

Chamber of Commerce Job Fair April 15

The Virginia Peninsula Chamber of Commerce is holding its semi-annual job fair on April 15, 2010 in Hampton.

Obama heads to Ohio looking for votes

Increasingly eager to finish work on his top domestic priority, President Barack Obama heads to northeast Ohio on Monday with a final sales pitch for health

Crude oil prices fall

Investor concerns that flagging U.S. crude demand don't justify the recent rally sent crude oil prices below $81 a barrel today in Asia.

Stocks on positive run

Stocks made a positive showing last week on Wall Street.

Dairy farmer talks immigration probe

A Vermont dairy farmer who was among those targeted in a federal crackdown on undocumented workers says he thought three illegal workers had proper

Readers don't want to pay for news

A new consumer survey suggests that getting people to pay for news online at this point would be "like trying to force butterflies back into their cocoons."

GMAC CEO will receive no cash salary

The CEO of bailed-out auto finance giant GMAC Inc. will receive no cash salary for 2010 and will be compensated in restricted stock, under a deal approved by

Reports due on retail sales, inventory

The government tells us today how retail sales fared last month. Analysts look for a decline of 0.2 percent. Excluding autos, a slight gain is expected.

Crude oil prices hover above $82

Oil prices hovered above $82 a barrel Friday in Asia as investors mulled whether extending a monthlong rally is justified amid evidence of weak U.S. crude

Samsung, Panasonic release 3D TV sets

The time has come. You can now watch your favorite 3D movies right in the comfort of your own living room.

Specialty retailer opens local stores

Major retailer of consumer electronics, home appliances and mattresses, hhgregg, opened its first stores in the Hampton Roads area on March 11, providing job

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