WHSV - Money

Weak Retail Sales, Foreclosure Jump Pushes Stocks Down
After its dizzying climb, Wall Street is looking at the economy more skeptically.
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WV Officials Warn Small Businesses of Scam
Small businesses in West Virginia are being warned about a scam involving fraudulent companies promising to help them secure federal economic stimulus grants.
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Staying Home Despite Lower Gas Prices
The family vacation is taking a hit as Americans prune their expenses because of the recession.
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Federal Government Runs April Deficit
The federal government ran a deficit in April for the first time in 26 years, pushing the red ink so far this budget year to a record $802.3 billion.
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Gas Prices Rise Over Weekend
More people may be looking to public transit as gas prices begin to inch up. The average cost of regular grade gasoline reached $2.17 Friday.
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JMU Students Gone, Fewer Dollars Spent
Some Harrisonburg businesses are bracing for fewer customers because thousands of JMU students now gone for the summer.
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Rosetta Stone First Quarter Report
Rosetta Stone is reporting its first quarter financial results after becoming a publicly-traded company.
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VA April Revenues Fall Below Estimates
Gov. Tim Kaine is putting state agencies on a diet once again, with state revenues for April falling below even reduced estimates.
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White House Record Deficit to Get Worse
The White House says the record federal budget deficit will get even worse.
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VA to Hold Sales Tax Holiday for Hurricane Preparedness
The state is giving Virginia residents an incentive to prepare for hurricane season.
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Banks Announcing Plans to Raise Capital
Three banks that have received a clean bill of health from the government are announcing plans to raise capital to repay government funds received last fall.
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Stocks Up on Fewer Lost Jobs News
Stocks ended sharply higher as investors cheer the news they had been hoping for: Job losses slowed in April and big banks don't need as much capital as some had feared.
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JMU Graduation Boosting Local Economy
James Madison University's graduation is Friday and Saturday, and it's a time when local businesses expect to bring in the big bucks.
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Proposal to Add Retail Shops at Metro Stations
Metro riders could soon purchase meals, pick up their dry-cleaning and grab a magazine while waiting for the train.
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Stocks Down as Much as Gained Wednesday
Stocks are finishing lower after weak demand at a Treasury bond auction touched off worries about the government's ability to raise funds to fight the recession.
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Obama Trying to Make Big Budget Cuts
A senior White House official says the president is recommending eliminating or cutting 121 programs to produce $17 billion worth of budget savings.
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Stocks Close Up Following Bank Stress Results
Stocks are ending with big gains as fears ease about the health of banks.
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SVEC Buying Some of Allegheny Energy's VA Assets
Electric utility Allegheny Energy says it's pulling out of Virginia.
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Rainy Weather Affecting Outside Businesses
Landscaping companies say the rain is needed, but when it becomes prolonged precipitation, many projects can't be completed.
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VA Paper Products Hurt by Recession
The recession has wounded Virginia's paper production industry, which employs about 10,500 people making everything from stationery to corrugated cardboard.
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Chrysler News Barely Affects Stocks
Chrysler's bankruptcy put only a small dent in Wall Street's rally.
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Local Business Owners Express Concern
Business owners from across Rockingham County and Harrisonburg expressed concern over the economy at the annual legislative post-session breakfast Thursday morning.
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Money to Help VA Micro-Enterprise Efforts
Gov. Timothy M. Kaine announced Thursday the Virginia Department of Housing and Community Development will provide three Regional Service Providers with up to $108,000 each for their micro-enterprise efforts through the agency’s Virginia Enterprise Initiative program.
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Gitchell's Photography Celebrates 100 Years
One business in Harrisonburg is celebrating despite hard economic times.
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How the Stimulus is Reaching the Valley
A look at a few ways the federal stimulus package is trickling down to the Valley on the 100th day of the Obama administration.
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Capito Comments on Federal Budget Spending
Rep. Shelley Moore Capito released a statement Wednesday after the House of Representatives considered the final budget agreement negotiated by Democratic leaders in the House and the Senate.
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Pork Prices Dropping as Swine Flu Rises
Like the virus itself, the name "swine flu" is spreading quickly. For the pork purveyors and hog farmers who make up the nation's $15 billion pork industry, that's a disaster.
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Legislation Introduced to Improve TARP Transparency
U.S. Sens. Warner, Martinez and Brown introduced legislation Tuesday to increase transparency in the use of the $700 billion appropriated through the Troubled Asset Relief Program to banks and other financial companies.
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Market Cautious in Face of Swine Flu
The swine flu has given Wall Street a reason to turn cautious.
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"Town Hall for Hope" Webcast Provides Financial Advice Nationwide
A money management expert was broadcast throughout the country Thursday to help provide stable financial advise during unstable times.
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VA Sees Record Returns Filed Electronically
Tax Commissioner Janie Bowen says Virginians are getting the message that filing tax returns electronically is the way to go.
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Stocks Close Up After Bank Testimony
Stocks are ending sharply higher after Treasury Secretary Timothy Geithner eased investors' worries about bank balance sheets.
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WV Tax Upgrades Paying Off
West Virginia tax officials have learned that it pays to upgrade.
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AARP: Brand-Name Drug Prices Going Up
The AARP says prices of the most popular brand-name prescription drugs are on the rise even as the economy falters.
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Stocks Close Up on Hopes of Economy Improvement
Stocks are ending higher as investors scoop up shares of consumer product makers and financial companies as signals grow that the economy could be slowly finding its footing.
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Obama to Meet with Americans About Taxes
President Barack Obama will meet with several working Americans just like ones all across America, who are facing tough choices during this economic crisis.
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Bernanke: Tentative Signs of Recession Easing
Federal Reserve Chairman Ben Bernanke acknowledges that the economy still has major problems, but he says there are "tentative signs" that the recession may be easing.
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VA Revenues Continue Slide
Virginia's latest figures show tax collections continued to slide in March as deepening unemployment ate into sales and income tax receipts.
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Stock Market Rally Halted
Wall Street has shifted into reverse as a surprisingly weak retail sales report punctures the market's optimism about the economy.
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Mixed Results for Wall Street
Stocks are ending mixed ahead of a flurry of earnings and economic reports that could determine whether the bets investors made in the past month on a stabilizing economy will pay off.
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Circuit City Looking to Sell Brand
Circuit City is looking to sell its brand, trademarks and e-commerce business to Systemax, the same company that purchased CompUSA's intellectual property in 2008.
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Legislators Hopeful for WV's Budget
West Virginia House and Senate leaders are optimistic a final budget bill will require a slightly smaller cut than Gov. Joe Manchin anticipates.
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National Deficit Soars as Recession Costs Mount
The Treasury Department says the federal budget deficit soared to $192.3 billion in March, and is near $1 trillion just halfway through the budget year, as costs of the financial bailout and recession mount.
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Where Should the Money Come From?
Starting this summer, students at James Madison University with federal loans will have to get those funds directly from the government, cutting out private lenders.
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Wall Street Closes with Slight Gain
Wall Street is breaking a two-day slide as insurance, technology and homebuilding stocks rose on bits of welcome news for those industries.
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WV Legislature Extends Session for Budget
West Virginia's Legislature has given itself until early June to pass a new state budget.
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Market Slips for Second Day
Investors have sent stocks lower, extending a pause in a big four-week rally as the market girds itself for potentially grim earnings reports.
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Dow Closes Above 8,000
The stock market is finishing the day with a modest advance, logging its fourth straight week of gains.
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VDOT Defends Bonuses and Salary Increases
State officials are defending bonuses and salary increases given last year to employees at the Virginia Department of Transportation amid ongoing plans to cut staff.
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Five Banks Repay Millions in Bailout Money
The administration says five banks, including one in West Virginia, have repaid millions of dollars they received from the government's $700 billion financial bailout pot.
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