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Citigroup drops Wachovia bid
October 10, 2008 9:39 AM
Roundup: Citigroup announced it would end its bid for Wachovia, paving the way for Wells Fargo to purchase all of Wachovia for $15 billion; Jenmar to create 50 new jobs in Giles County; U.S. government considers bank investments
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Virginia stocks fall along with Dow’s plunge
October 09, 2008 4:48 PM
The Dow Jones Industrial Average plunged 679 points in late-afternoon trading as the U.S. Treasury’s proposal to invest in bank assets failed to soothe investors. Virginia stocks plummeted as well.
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Prince William considers land use plan based around mass transit
October 09, 2008 9:32 AM
Roundup: Prince William County officials are considering a new land-use design for the county, creating 25 walkable communities based around mass transit; Virginia housing officials are meeting to decide how to spend $46 million in federal aid to slow foreclosures
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Fed cuts key rate to 1.5 percent
October 08, 2008 8:26 AM
Roundup: The Federal Reserve ordered an emergency interest rate cut Wednesday morning in coordination with other global central banking authorities; Gateway Financial Holdings to recoup some Freddie, Fannie losses through federal tax benefits
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Dow plunges 500 points, Virginia stocks fall too
October 07, 2008 5:02 PM
The Federal Reserve’s move to loosen credit markets Tuesday failed to assuage investors, as the Dow Jones Industrial Average plummeted another 500 points to a five-year low. Virginia stocks also fell.
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SCC approves transmission line in Northern Virginia
October 07, 2008 2:08 PM
The Virginia State Corporation Commission approved Virginia’s portion of a controversial power line on Tuesday, ruling it is needed to provide reliable electric service.
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Supreme Court hearing case against Philip Morris
October 07, 2008 9:26 AM
Roundup: Surpeme Court hears Philip Morris case; Mars acquires Wrigley; HREDA president selected
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Bank of America ready to alter risky mortgages
October 07, 2008 8:15 AM
About 8,000 people in Virginia who took out risky mortgages through Countrywide Financial are eligible for cheaper, renegotiated loans.
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Dow tumbles, Virginia stocks take hit
October 06, 2008 4:49 PM
Wall Street turmoil continued Monday as the Dow Jones Industrial Average fell below 10,000 points for the first time in four years. Virginia stocks also took a hit.
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Dow Falls Below 10,000 on Credit Fears in Europe
October 06, 2008 10:48 AM
Shortly after 10:30 a.m., the Dow was trading at 9,918.70, down 406.60, or 3.8 percent
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