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Bush announces $250 billion investment in banks
October 14, 2008 11:39 AM
Roundup: Bush outlines plan to spend $250 billion on banks; Qimonda to cut 1,200 jobs; Major services cuts coming for Prince William
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Major Virginia stocks soar with Dow
October 13, 2008 6:56 PM
The Dow Jones Industrial Average soared a record 936 points Monday and most major Virginia stocks followed suit.
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Fed approves purchase of Wachovia
October 13, 2008 11:33 AM
The Federal Reserve approved Wells Fargo’s $11.7 billion purchase of Charlottes, N.C.-based Wachovia. Wells Fargo, based in San Francisco, wants to complete the sale by the end of the year.
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Capital One launches small business Web site
October 10, 2008 11:48 AM
Slingshot designed to be online community and marketplace
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Citigroup drops Wachovia bid
October 10, 2008 11:39 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 6:48 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 11:32 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 10:26 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 7:02 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 4:08 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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