WHSV - Money

Money Being Used to Help VA Homeowners Facing Foreclosure
Attorney General Bill Mims awarded $50,000 for foreclosure relief counseling for Virginia families that are in danger of losing their homes to foreclosure Monday.
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Madoff Given Maximum Sentence for Ponzi Scheme
Bernard Madoff is sentenced to 150 years in prison for multibillion-dollar fraud scheme.
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Housing Market's Recovery Likely to be Slow
The government says new U.S. home sales fell slightly last month, in another sign that the housing market's recovery is likely to be gradual and prolonged.
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VA Gets Top Rating for Pro-Business Environment
Gov. Timothy M. Kaine announced Wednesday that Virginia’s pro-business environment has garnered the Commonwealth its latest No. 1 ranking nationally.
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Obama: Second Stimulus Not Needed Yet
President Barack Obama says he is not ready to offer a second stimulus plan even though the economy continues to struggle.
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Report Documents Rising Cost of Health Care for Families with Insurance
A new report documents the rising cost of deductibles, co-payments and out-of-pocket expenses that are making it more difficult for families with insurance to receive the health care they need.
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Energy Department Giving Loans to Ford, Nissan and Tesla
A congressional official says the Energy Department is lending $5.9 billion to Ford Motor Co. and providing about $2.1 billion in loans to Nissan Motor Co. and Tesla Motors Inc. from a $25 billion fund to develop fuel-efficient vehicles.
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Homes Sales Up Slightly, But Housing Market Still Fragile
A real estate group says sales of previously occupied homes rose modestly from April to May, the third monthly increase this year, but signs of any housing recovery are fragile at best.
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Stocks Tumble on Global Economic News
A surprisingly bleak forecast for the world economy sent stocks tumbling.
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Cash for Clunkers Program Heads to Obama
A $1-billion program is headed to President Barack Obama that could give you an incentive to get rid of your gas guzzler.
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Staunton Lodging Tax Revenue Up
The economy may be affecting tourism around the country, but one hotel in Staunton says its numbers are up.
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Sallie Mae Awarded Government Loan Contract
The Department of Education says Sallie Mae and three other companies were chosen to service parts of its $550 billion in outstanding federal student loans and future loans owned by the government.
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Ratings Cut on 22 Bank Companies
Credit ratings agency Standard & Poor's has cut its ratings on 22 banks.
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Valley Seeing Gas Prices on the Rise; Some Unfazed
Around the nation, gas prices have increased consistently since the beginning of the year. In the Valley, it's no different.
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Stocks Struggling on Housing, Production News
Another batch of lackluster economic data gave investors reason to pull money out of stocks for a second day.
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Kaine Tries for Hopeful Economic Outlook
The Kaine administration put a hopeful face on a 9.3-percent revenue plunge in addressing legislative budget writers Tuesday.
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Recession Hurting WV's Economy
Despite some promising signs, West Virginia budget officials expect the recession to continue to hurt the state's economy for at least another year.
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The Rising Cost of an Education
JMU's governing body, the Board of Visitors, heard Monday about just how much an education at the school costs.
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VA Revenues Dive in May
Virginia's shaky revenues took a deep dive in May, falling nearly 16 percent from the year before.
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Gas Prices Continue to Climb
Gas prices seem to be defying gravity and economic principles.
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Statistics Show WV's Economy Grew Despite National Downturn
Federal statistics show West Virginia's economy grew 2.5 percent in 2008, despite the national economic downturn.
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U.S. House Members Finances Also Show Losses
A sampling of financial disclosure statements shows House members and their families suffered through investment losses like millions of Americans last year.
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WV's Investment Portfolio Recovering
West Virginia's investment portfolio is rebounding from a stock market downturn.
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Teaching WV's Youth About Finances
State officials want West Virginia's youth to avoid the financial mistakes that adults make.
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Supreme Court Will Not Block Chrysler/Fiat Deal
The Supreme Court has cleared the way for Chrysler's sale to Fiat, turning down a last-ditch bid by opponents of the deal.
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Stocks Stabilize After Early Slide
Investors might be worried about the soundness of the market's rally but they're also worried about missing it.
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Money Scam Warning Issued
The Virginia Department of Agriculture and Consumer Services’ Office of Consumer Affairs issued words of warning about a money scam that is reaching a growing number of unwary citizens.
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Manchin Approves New State Budget
Gov. Joe Manchin has approved a new $11.5 billion budget for West Virginia after trimming $7 million from its proposed spending.
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AAA Says Gas Prices Up 61 Percent
AAA Mid-Atlantic says the average price of a gallon of regular gas in Virginia has jumped by 61 percent since January 1.
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Webb Wants Incentive to Boost Auto Sales
Sen. Jim Webb (D-VA) introduced legislation Thursday to save jobs and boost automobile sales by providing a monetary incentive for consumers to trade in older vehicles for a new, or newer used vehicle.
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WV Has One Month to Hit Black
West Virginia's state collections have one month to climb $11.7 million out of the red.
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DMV Stops in Harrisonburg
If you're behind on your taxes, one Valley city is trying a new way to get the money it's owed.
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Stocks Rebound to Close Up
Investors are finding fresh reasons to bet on an economic rebound.
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Federal Group Takes Over Circuit City Pensions
The federal Pension Benefit Guaranty Corp. says it's taken over defunct electronics retailer Circuit City's pension plan.
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Compromise Expected Friday on WV Budget
Three days into their extended session, West Virginia lawmakers appear close to a compromise over a new state budget.
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Both Houses of WV Legislature Pass Revised Budgets
West Virginia's Legislature has passed slightly different versions of a new state budget, with each chamber embracing most of the nearly $200 million worth of cuts recommended by Gov. Joe Manchin.
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GM Moves Closer to Bankruptcy
General Motors Corp. says not enough of its bondholders agreed to swap their debt for company stock, meaning the troubled automaker is almost certainly headed for bankruptcy protection.
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Stocks Jump on Consumer Confidence
Consumers' good mood is spreading to Wall Street.
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WV Legislators Back to Work on Budget
After waiting more than a month, West Virginia's Legislature is ready to trim nearly $200 million from the state's next budget.
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Hurricane Preparedness Sales Tax Holiday Begins
If you're planning on preparing for a hurricane, this is the week to do it.
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Kaine Recognizes Hurricane Preparedness Week
Gov. Timothy M. Kaine has recognized May 24 through 30 as National Hurricane Preparedness Week.
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Gas Prices Up But Well Below Last Year's Numbers
It's a familiar feeling at the gas station: the price seems to jump a few cents every time you pull up to the pump.
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VDOT and DRPT Must Cut More from Budget
The Virginia Department of Transportation and the Virginia Department of Rail and Public Transportation presented a draft Six-Year Improvement Program for Fiscal Years 2010-2015 Wednesday to the Commonwealth Transportation Board.
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Four VA Localities in Top 50 Per Capita Income
Four Virginia localities are among the top 50 when it comes to per capita income.
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Up and Down Day for Wall Street
Stocks erased a big early advance after the Federal Reserve lowered its economic outlook for 2009 and bank shares sank.
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U.S. Senate Votes to Prohibit Arbitrary Rate Increases
One Senate Democrat calls it "a victory for every American consumer who has ever suffered at the hands of a credit card company."
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Investors Push Stocks Up
Reassuring news about housing and banking have convinced investors to return to the stock market.
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U.S. Treasury Department Talks About GM Deal
Friday, General Motors initiated the dealer consolidation plan it laid out in its interim plan on April 27.
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VA Tax Collections Drop
Virginia's state tax collections dropped sharply in April from worsening unemployment, weak retail receipts and a heavy load of refunds.
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Saving Money by Growing Vegetables
Some area greenhouses say what used to just be a hobby is quickly turning into a way to save money during the current recession.
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