Business

Shipping line will add cargo at port of Hampton Roads

Fri, 20 Nov 2009 23:07:23 -0500

NORFOLK Mediterranean Shipping Co., the second-largest shipping line in the world, has made Hampton Roads its "last out" and southern-most port of call on a revised service to the Middle and Far East, a port executive told a panel of state officials on Friday.

Verizon cuts cap a bleak week for jobs in region

Fri, 20 Nov 2009 22:13:28 -0500

By Jaedda Armstrong About 100 employees of Verizon Communications in Hampton Roads could lose their jobs as part of the company's plans to cut 8,000 workers by the end of January, a union representative said.

Virginia Beach boutique Beverly’s Fine Fashions closing

david.putney — Fri, 20 Nov 2009 18:04:34 -0500

By Jamesetta M. Walker The Virginian-Pilot VIRGINIA BEACH Popular women's clothier Beverly's Fine Fashions is hanging up its hat. "There comes a time when you have to make a tough decision," said Beverly Bates, owner of the boutique in the Hilltop North Shopping Center in Virginia Beach. "It's heartbreaking."

FAI founder admits bilking computer buyers, will negotiate

The Virginian-Pilot — Fri, 20 Nov 2009 13:27:34 -0500

CHESAPEAKE On the verge of a three-week trial, a Chesapeake entrepreneur suddenly agreed Friday to pay $47 million to the state and hundreds of customers nationwide bilked by his company's computer-purchase scheme.

Va. commission releasing state jobless figures today

Cindy.Clayton — Fri, 20 Nov 2009 06:27:03 -0500

The Virginia Employment Commission is expected today to release unemployment figures for October, the Associated Press is reporting.

In September, the rate of unemployment in Hampton Roads edged up to 6.7 percent from 6.6 percent, according to the agency announced last month.

Trial set to begin in FAI computer fraud case

Fri, 20 Nov 2009 05:48:02 -0500

NORFOLK More than two weeks after it was scheduled to start, the trial of Financing Alternatives Inc. and its founder is set to begin this morning in Chesapeake Circuit Court.

Month later, Norfolk mall remains devoid of teens in evenings

Thu, 19 Nov 2009 23:07:53 -0500

By Jaedda Armstrong NORFOLK At 5:05 Wednesday evening, 17-year-old Tiffani Walker stood outside MacArthur Center waiting for her mother to pick her up. She'd rather have still been inside shopping, but she would have been asked to leave and been escorted out by the downtown mall's security guards. The guards now stood at every entrance scanning each passing face for a hint of adolescence.

Monarch Bank parent plans stock offering

Thu, 19 Nov 2009 21:29:26 -0500

CHESAPEAKE The parent of Monarch Bank said it hopes to raise as much as $17.3 million from a stock offering and may use part of the proceeds to repay capital taken last year from the Treasury Department.

Searchable list: Does the IRS owe you a refund check?

The Virginian-Pilot — Thu, 19 Nov 2009 17:55:30 -0500

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Midwest electronics retailer leases space in Hampton Roads

Chris.Dinsmore — Thu, 19 Nov 2009 11:45:36 -0500

HHGregg Inc., a big-box electronics and appliances retailer, has leased two spaces vacated by out-of-business companies to open its first stores in Hampton Roads.