Business Archive

Ringing in the New Year with debt?

By VIVIAN CHU Associated Press (ASAP)
NEW YORK (AP) _ Nicole Horton, a freelance graphic designer in New York, loves to shop and prides herself on keeping up with the latest trends in fashion, music and electronics. But she hates the sinking feeling she's been getting when she sees her monthly credit card statements.''My credit card debt is always in the back of my mind, and lately I've been thinking of it a lot because of Christmas,'' says Horton, 29, who said she spent roughly $2,000 on holiday gifts for friends and family. ''I used . . .

New video services may offer competition to local cable

By carolyn shapiroThe Virginian-Pilot
Consumers who have decried the limited number of alternatives to cable television will soon find themselves besieged with choices.A growing group of providers – from telephone companies to businesses working with traditional TV broadcasters – plan to bring video service that competes with local cable system operators.Two of the latest to throw their hats into the ring are U.S. Digital Television LLC, a company based in Draper, Utah, with investment from broadcast station owners, and Cavalier Telephone, . . .

Classified advertising company’s fate? Still classified.

By Battinto BattsThe Virginian-Pilot
NORFOLK — A new year has dawned. Life is moving along, as construction on an office tower in downtown Norfolk shows. But one question lingers from 2005: Who will own the company for which that building is named?An announcement on the fate of Trader Publishing Co. is about a month overdue, and there is no indication that one will be forthcoming in the coming days.“I wish I could tell you,” said Conrad M. Hall, president and chief executive officer for the Norfolk-based classified advertising company. . . .

Amerigroup creates posts to deal with ailing costs

By ALLISON CONNOLLYThe Virginian-Pilot
VIRGINIA BEACH — Amerigroup Corp. has created two senior-level positions to address its recent problems predicting costs and health care trends.The Virginia Beach-based company, which manages government health care programs for poor people for nine states and the District of Columbia, is trying to rebound from a third-quarter loss. Amerigroup officials hope the additions will prevent such losses from recurring and, at the same time, restore investors’ faith in the company.On Wednesday, the . . .

Oceanfront cashes in on year-end happenings

By jeremiah mcWilliamsThe Virginian-Pilot
VIRGINIA BEACH — Winter is not traditionally a season of good cheer for tourism-dependent outfits – restaurants, hotels and apparel shops – that dot the Oceanfront. With the summer heat gone, it can get a little lonely here. Waves scurry over a quiet beach, with the occasional runner or bundled family padding down the nearly abandoned Boardwalk.Yet the latest holidays brought a last, welcome boost to local businesses before tourism, travel and discretionary spending at the beach go into hibernation . . .

From comet to meteor, with Langley's help

By ALLISON CONNOLLYThe Virginian-Pilot
It is the first experiment to travel beyond Pluto and into deep space. Its mission: to collect dust from a comet passing 242 million miles from Earth. After logging nearly 3 billion miles during the past seven years, the spacecraft Stardust is preparing to send its cargo home in the early morning hours of Jan. 15. Recovering it won’t be easy. Hurtling toward Earth at more than 28,000 mph and at temperatures surpassing 2,500 degrees Fahrenheit, the 101-pound sample capsule will be the hottest and . . .

The year in business for Hampton Roads

The Virginian-Pilot
For Hampton Roads, the biggest business story of 2005 was written in mortar, brick, glass and drywall. This was the year that the area’s residential and commercial development dominated local business. With summer heat came sizzling prices for housing – bungalows, mansions and just about everything in between – kicked higher by cheap money from low interest rates. The real estate bonanza brought windfalls for homeowners but frustration for buyers priced out of attractive neighborhoods.Here and . . .

.hallink A:link {text-decoration: underline; color: 000000;}.hallink A:visited {text-decoration: underline; color: 000000;}.hallink A:active {text-decoration: underline; color: 000000;}.hallink A:hover {text-decoration: none; color: 7cfc00;}"World of Warcraft" brings gamers togetherThis online game costs $13 a month to play and has fewer members than what many free networking sites bring to the table. But in this somewhat accidental online community, friends are made, loose support and networks . . .

Hog market shines for Smithfield Foods in fiscal ’05

For Smithfield Foods Inc., hogs were pink gold in fiscal 2005.
Soaring prices of the livestock helped lift the meat giant to all-time high sales and net income for the year ended May 1, the company reported Friday.

Region's tallest building planned at Town Center

By Marisa TaylorThe Virginian-Pilot
VIRGINIA BEACH -– The developer of Town Center has cemented a deal to build the tallest building in Hampton Roads – a 30- to -32-story tower that will include a Westin Hotel and luxury condominiums. The Westin will be built at Columbus Street and Independence Boulevard, across from Dick’s Sporting Goods. It will be part of Town Center’s third phase, which also will include new offices, shops and restaurants. The 215-room hotel will be topped by 104 condos and is scheduled to open in spring . . .

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