July 25, 2016

The Daily Progress: Business

Charlottesville, Virginia


Stocks pull back after 4 weeks of gains; Yahoo slips

NEW YORK (AP) — Stocks were pulling back in mid-morning trading Monday following four weeks of gains as investors work through another batch of corporate earnings and look ahead to this week's Federal Reserve policy meeting. Yahoo fell after Verizon Communications announced it would buy most of Yahoo's internet businesses for $4.83 billion.

Updated: 11:45 am | See more

Saturday 07/23/2016
CBJ: Property transfers and building permits
Posted: July 23, 2016


CBJ: Upcoming business-related events
Posted: July 23, 2016


Filling the donut hole in Louisa
Posted: July 23, 2016

Instead of retiring, Bob and Helen Thiemann capitalized on a classic treat's renewed popularity.

Violet Crown’s involvement in parking dispute has made it a target to some
Posted: July 23, 2016

Charlottesville Parking Center officials have alleged that Violet Crown is protecting its own interest by involving itself in the dispute.

Friday 07/22/2016
June jobless rate steady at 3.7% in Virginia; services sector adds jobs
Posted: July 22, 2016

In June, Virginia was tied for the seventh-lowest unemployment rate among states with Colorado, Idaho and Maine.

Tuesday 07/19/2016
With intersection open, officials hoping normalcy returns to U.S. 29-Rio Road
Posted: July 19, 2016

The intersection opened 46 days ahead of the scheduled completion date of Sept. 2.

Saturday 07/16/2016
CT: Fifth Street Place slated for summer 2017 opening
Posted: July 16, 2016

This will be the second major apartment development on Fifth Street Extended — the first being Cavalier Crossing.

CT: Is tiny housing possible in Charlottesville?
Posted: July 16, 2016

Zoning regulations and the price of the land could hinder the trend here.

CBJ: Upcoming business-related events
Posted: July 16, 2016


Monday 07/25/2016
As Fed meets, no rate hike is expected until late this year
Updated: July 25, 2016 - 11:30 am

WASHINGTON (AP) — On again. Off again.

Verizon buys Yahoo for $4.83B, marking end of an era
Updated: July 25, 2016 - 11:16 am

SAN FRANCISCO (AP) — Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet.

Ryanair to shift growth focus from UK following EU exit vote
Updated: July 25, 2016 - 10:15 am

DUBLIN (AP) — Ryanair says it will reduce winter services at its main London hub and focus on other European bases because of weakened British growth and consumer sentiment following Britain's vote to leave the EU.

Global stocks mostly up as investors eye Fed, Bank of Japan
Updated: July 25, 2016 - 7:30 am

TOKYO (AP) — Global stocks mostly rose Monday as investors looked ahead to key policy meetings by the central banks of the United States and Japan this week.

Farewell to VCRs: Japanese maker to shelve once-hit product
Updated: July 25, 2016 - 5:45 am

TOKYO (AP) — Japanese electronics maker Funai Electric Co. says it's yanking the plug on the world's last video cassette recorder.

Japan sees trade surplus in June as imports drop 19 percent
Updated: July 25, 2016 - 4:45 am

TOKYO (AP) — Japan posted a better-than-expected trade surplus in June, as imports fell nearly 19 percent, outpacing a more modest decline in exports.

Asian shares cheered by Wall Street, dollar, Group of 20
Updated: July 25, 2016 - 3:02 am

TOKYO (AP) — Asian shares were mostly higher Monday, cheered by upbeat signs from Wall Street, a strengthening U.S. dollar and promises from the Group of 20 nations over the weekend to support global growth.

'Pokemon Go' players stumble on hidden history
Updated: July 25, 2016 - 11:01 am

PROVIDENCE, R.I. (AP) — Historical markers have long dotted the landscape, often barely noticed by passers-by — until they became treasure-filled stops this month on the "Pokemon Go" trail.