WHSV - Money

Labor Day Travel Boosts Business
Labor Day weekend is coming to an end, and many travelers hit the road early Monday afternoon to head home.
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Business Booming with JMU Students Back
JMU students are back in town and their spending has local business owners excited for a jump in sales.
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Stocks Slide a Bit More on Job Market Fears
Stocks have extended a slide as investors worry that a weak job market will trip up a recovery in the economy.
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WV Falls Short of August Tax Revenue Target
West Virginia state government has hit a small revenue pothole just two months into its budget year.
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Economic Worries Cause Big Loss on Wall Street
Worries about banks and the overall economy have pushed stocks to their biggest losses in two weeks.
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Recession Affecting Many State Budgets
Lower-than-expected tax revenues are causing some states to leave welfare programs, day-care centers, preschools and other programs unfunded as lawmakers decide how to balance their annual spending plans.
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Ticket Sales Push Mega Millions Jackpot Higher
The jackpot for Friday night's Mega Millions lottery drawing has increased to $333 million.
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Head of Richmond Federal Reserve Bank Says Better Times Ahead
The head of the Federal Reserve Bank of Richmond says better economic times are ahead.
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Mega Millions Jackpot Climbs Above $250 Million
The estimated Mega Millions jackpot for Tuesday's drawing is $252 million.
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Good Economic News Causes Stocks to Jump
Federal Reserve Chairman Ben Bernanke has told investors what they want to hear: The economy is indeed on the verge of recovery.
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Kaine Expected to Cut State Budget Further
Legislative leaders say Gov. Tim Kaine is expected to cut the state budget by about $1.3 billion Wednesday.
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Cantor: Stimulus Not Working as Advertised
A member of the House Republican leadership says he doesn't think the $787 billion economic stimulus program the Obama administration pushed through Congress earlier this year has worked as advertised.
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Rosetta Stone Stocks Dip for First Time
Shares of Rosetta Stone Inc. have marched steadily higher since the company's initial public offering in April.
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Consumer Spending Fears Cause Stocks to Tumble
Investors' rising fears about consumer spending are turning stocks into a risky investment again.
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WV Preparing for Longer Energy Star Sales Tax Holiday
West Virginians who buy energy-saving items this year could receive a tax break.
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Warning VA Consumers About Locking Mortgage Rates
Virginia regulators are warning consumers about locking in mortgage rates.
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Federal Deficit Continues to Climb
The federal deficit climbed higher into record territory in July, hitting $1.27 trillion with two months remaining in the budget year.
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Better Business Warns About Debt Collection Phone Scams
The Better Business Bureau says residents should be wary of a phone call that could cost thousands of dollars.
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Stocks Slip While Waiting for Feds View of Economy
Investors are pulling back as they worry what the Federal Reserve will say about the economy.
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Northern Parts of WV Seeing Higher Percentage of Bankruptcies
Bankruptcies are up across West Virginia but the northern half has seen a bigger percentage increase than the southern half.
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Bank in VA to Ask for Bailout Money
Roanoke-based HomeTown Bank says it's going to ask for money from the federal government's $700 billion bailout fund.
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VA School Supplies Sales Tax Holiday Begins
If you're in need of school supplies this weekend may be the time to shop.
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FTC Trying to Stop Oil Price Manipulation
The Federal Trade Commission has issued a final regulation to curb price manipulation in oil trading markets.
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Kaine to Announce Budget Cuts Within Two Weeks
Gov. Tim Kaine says the budget cuts he will announce in two weeks will range from at least $700 million to $1.5 billion.
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Officials in D.C. Ease Taxes and Fees for Builders
Officials in the Washington region are trying to help developers weather the recession by postponing tax increases, extending building permits and limiting fees.
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Bigger Surplus than Expected in WV's Budget
West Virginia's state government ended its budget year in June with several million dollars more left over than initially thought.
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Kaine: Cuts and H1N1 Biggest Challenges for School Officials
Gov. Tim Kaine says budget cuts and the H1N1 influenza virus, also known as swine flu, could be the biggest campus challenges school officials face this year.
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Moorefield-Based Financial Group Blames Loan Losses for Poor Quarter
Summit Financial Group says mounting loan losses and a Federal Deposit Insurance Corp. assessment led to a money-losing second quarter.
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VA Gas Station Settles Price Gouging Complaint
A Campbell County gas station has agreed to make restitution to customers to settle allegations that it violated Virginia's anti-gouging law during Hurricane Ike.
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Some Businesses Report Increased Traffic After Rest Stops Closed
The closing of 18 Virginia rest areas isn't bad news for all. Some businesses say they're seeing an increase in traffic.
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Hershey's Doing Well Despite Recession
Despite a national recession, these are sweet times for the nation's second-largest candy maker.
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Looking at Potential WV Effect of Minimum Wage Change
The West Virginia Center on Budget & Policy estimates more than one in ten workers across the state will benefit from an increase in the federal minimum wage.
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Stocks Close Above 9,000
The Dow Jones industrial average is closing above 9,000 for the first time since January.
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State Projections Look at Possible VA Education Savings
Virginia would save an estimated $754 million over two years if a funding cap that limits the number of educational support staff remains in place, according to state Department of Education projections.
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WV Lottery Beats Fiscal Forecast
The economic recession and competition from neighboring Pennsylvania didn't stop the West Virginia Lottery from beating its forecast by $20 million during the just-completed fiscal year.
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Mixed Emotions About Increasing Minimum Wage
With the economy in a slump and more people eating at home, many mom and pop restaurants are not too happy about a minimum wage increase.
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Hopes for Good Technology Company Reports Push Stocks Higher
Investors are pushing stocks higher on hopes for more good earnings from big technology companies.
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Intel Results Pull Stocks Up
Investors are finally getting the news they've been craving.
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WV County Investigating IRS Lien on Town
The Kanawha County Commission is looking into the reasons behind a tax lien of nearly $60,000 slapped on the Town of Pratt by the Internal Revenue Service.
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VA's Public Pensions and Benefits Take Hit from Market
Public employees and state government may pay more into Virginia's public pensions, benefits may be leaner and retirement age may be extended because of stock market collapses.
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Betting on Bank Strength Pushes Stocks Up
Investors are betting that strength in banks will flow to the rest of the economy.
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U.S. Deficit Tops $1 Trillion
Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time ever.
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Small Business Bailout Reaction
One small business in the Valley is reacting to the idea of getting stimulus bailout money.
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GM Coming Out of Bankruptcy, Expects to Pay Back Loans Quickly
The head of the revamped General Motors says now that it's out of bankruptcy, the company will make money and repay government loans faster than required.
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Gambling Revenues Dropping in WV, Nationally
The West Virginia Lottery says gross revenue is down at all four racetracks in the state.
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Dropping Oil Prices Pull Down Stocks
Stocks are down sharply as another tumble in oil prices undermines the case for an economic recovery.
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Stocks Fall After News of Job Losses Released
A dour report on job losses in June sent stocks sharply lower.
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VA-Based Freddie Mac Gets Money to Offset Liabilities
Battered mortgage giant Freddie Mac has received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities.
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Markets Dip But Still Finish Quarter Up
Investors are adding consumer confidence to their growing list of things to worry about.
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Kaine Says Most State Tax Refunds Issued
Gov. Timothy M. Kaine announced Tuesday that the Virginia Department of Taxation has issued nearly 100 percent of state income tax refunds.
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