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        <link>http://www2.richmond.com</link>
        <description><![CDATA[Business :: Local]]></description>
        <language>en</language>
            
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                <title><![CDATA[Bankruptcy cases are lucrative for lawyers, other professionals]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/22/bankruptcy-cases-are-lucrative-for-lawye-01927/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/22/bankruptcy-cases-are-lucrative-for-lawye-01927/]]></guid>
                <description><![CDATA[The lead bankruptcy attorney for Circuit City Stores Inc. charges $945 per hour, or $15.75 a minute. The restructuring firm supervising the dismantling of LandAmerica Financial Group Inc. routinely bills the bankrupt company about $1 million a month for its services, including between $60,000 and $70,000 a month for travel and lodging expenses.]]></description>
                
                <pubDate><![CDATA[Sun, 22 Nov 2009 05:01:53 EST]]></pubDate>
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                <title><![CDATA[Stock news highlights for Nov. 22]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/22/stock-news-highlights-for-nov-22-14019/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/22/stock-news-highlights-for-nov-22-14019/]]></guid>
                <description><![CDATA[For the week that ended Nov. 20. DIVIDEND Quarterly unless noted Increased Bob Evans Farms .18 from .16 Brown-Forman .30 from .2875 Campbell Soup .275 from .25 Harsco Corp .205 from .20 Intel Corp .1575 from .14 Lancaster Colony .30 from .285 Nike Inc .27 from .25 Nstar .40 from .375]]></description>
                
                <pubDate><![CDATA[Sun, 22 Nov 2009 05:01:40 EST]]></pubDate>
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                <title><![CDATA[Financial difficulties tarnish golden years]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/22/financial-difficulties-tarnish-golden-ye-21266/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/22/financial-difficulties-tarnish-golden-ye-21266/]]></guid>
                <description><![CDATA[On a crisp fall day recently in Richmond&#8217;s Church Hill neighborhood, laughter rang out from inside the Linwood Robinson Senior Center on North 26th Street. Seated at rows of tables, about 21 people played cards and dominoes, put together a puzzle, knitted a scarf, sat quietly, mingled in small groups or watched an oldies group sing and dance on a big-screen TV.]]></description>
                
                <pubDate><![CDATA[Sun, 22 Nov 2009 05:01:18 EST]]></pubDate>
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                <title><![CDATA[How seniors can steer clear of money woes]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/22/how-seniors-can-steer-clear-of-money-woe-28883/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/22/how-seniors-can-steer-clear-of-money-woe-28883/]]></guid>
                <description><![CDATA[Ah, the golden years, a time for dreaming about retirement&#8212;or kicking back and enjoying the fruits of one&#8217;s labor after decades in the working world. Sadly, though, retirement has turned into financial turmoil for some seniors and is an uphill battle to pay the bills and preserve their assets. A better life is possible, though, some experts say, even in today&#8217;s troubled economic times, if seniors will follow these steps:]]></description>
                
                <pubDate><![CDATA[Sun, 22 Nov 2009 05:01:17 EST]]></pubDate>
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                <title><![CDATA[Bankruptcy cases are lucrative for lawyers, other professionals]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/22/bankruptcy-cases-are-lucrative-for-lawye-39380/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/22/bankruptcy-cases-are-lucrative-for-lawye-39380/]]></guid>
                <description><![CDATA[The lead bankruptcy attorney for Circuit City Stores Inc. charges $945 per hour, or $15.75 a minute. The restructuring firm supervising the dismantling of LandAmerica Financial Group Inc. routinely bills the bankrupt company about $1 million a month for its services, including between $60,000 and $70,000 a month for travel and lodging expenses.]]></description>
                
                <pubDate><![CDATA[Sun, 22 Nov 2009 05:01:00 EST]]></pubDate>
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                <title><![CDATA[Group hopes to get West Broad Village back on track]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/21/group-hopes-to-get-west-broad-village-ba-92184/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/21/group-hopes-to-get-west-broad-village-ba-92184/]]></guid>
                <description><![CDATA[West Broad Village was abuzz last year as a construction site in the middle of worst recession in decades. The plan called for a place where people could live, work, shop and play on 115 acres in Short Pump off West Broad Street in Henrico County. It would include 420,000 square feet of retail space and 600,000 square feet of office space, 525 town houses and 340 apartments. The far east corner was blocked off for a 13-story corporate headquarters building and a 300-room hotel.]]></description>
                
                <pubDate><![CDATA[Sat, 21 Nov 2009 05:01:43 EST]]></pubDate>
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                <title><![CDATA[Equity fund to take over troubled West Broad Village]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/21/equity-fund-to-take-over-troubled-west-b-07234/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/21/equity-fund-to-take-over-troubled-west-b-07234/]]></guid>
                <description><![CDATA[A local investment group has stepped in to rescue West Broad Village, pay off all its liens, settle its lawsuits and bring the multiuse project in western Henrico County back to life. &#8220;We&#8217;re putting the defib paddles on it,&#8220; Stan Manoogian, a principal of the private equity firm, said yesterday, referring to the electric-shock treatment to jump-start a heart.]]></description>
                
                <pubDate><![CDATA[Sat, 21 Nov 2009 05:01:28 EST]]></pubDate>
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                <title><![CDATA[Va. jobless rate falls to 6.3%]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/21/va-jobless-rate-falls-to-63-18467/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/21/va-jobless-rate-falls-to-63-18467/]]></guid>
                <description><![CDATA[Virginia&#8217;s job market improved last month as the number of Virginians out of work declined. The Virginia Employment Commission also noted weekly declines in the number of laid-off people making their first claims for unemployment benefits compared with last year. The declines during several weeks of October were the first such drops in more than a year, VEC chief economist William F. Mezger said yesterday.]]></description>
                
                <pubDate><![CDATA[Sat, 21 Nov 2009 05:01:24 EST]]></pubDate>
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                <title><![CDATA[Lack of backup foils Va.'s new IT system]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/21/lack-of-backup-foils-vas-new-it-syst-26286/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/21/lack-of-backup-foils-vas-new-it-syst-26286/]]></guid>
                <description><![CDATA[Virginia&#8217;s expensive new state IT system does not have network backups in case connections between its computers fail. In just five weeks this fall, the Virginia Department of Motor Vehicles suffered 12 computer system outages, putting individual offices out of business for a total of more than 100 hours. One outage lasted 29 hours, another 17.]]></description>
                
                <pubDate><![CDATA[Sat, 21 Nov 2009 05:01:02 EST]]></pubDate>
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                <title><![CDATA[REI opens in Henrico]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/21/rei-opens-in-henrico-34320/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/21/rei-opens-in-henrico-34320/]]></guid>
                <description><![CDATA[Outdoor enthusiasts have a new place to shop in western Henrico County with the opening of REI. REI, which stands for Recreational Equipment Inc., opened yesterday in West Broad Village, across from the Whole Foods Market and next to HomeGoods.]]></description>
                
                <pubDate><![CDATA[Sat, 21 Nov 2009 05:01:01 EST]]></pubDate>
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                <title><![CDATA[West Broad Village]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/21/west-broad-village-53559/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/21/west-broad-village-53559/]]></guid>
                <description><![CDATA[A local investment group is taking control of West Broad Village in western Henrico County. This shows the status of tenants in most of the commercial part of the 115-acre development. The planned residential part includes apartments over some retail stores and 525 single-family town houses to the south and west of the commercial area, only 15 percent of which have been built.]]></description>
                
                <pubDate><![CDATA[Sat, 21 Nov 2009 05:01:00 EST]]></pubDate>
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                <title><![CDATA[$500 million settlement reached with associates of failed Henrico reinsurer]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/21/500-million-settlement-reached-with-ass-97252/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/21/500-million-settlement-reached-with-ass-97252/]]></guid>
                <description><![CDATA[State insurance regulators have negotiated a $500 million-plus settlement with associates of a failed Henrico County reinsurer, according to legal filings at the State Corporation Commission. The filings, released this week, seek to keep the terms of the settlement confidential. The money would go to settle claims that the failed insurer, Reciprocal of America, was unable to honor before regulators placed it into receivership in January 2003.]]></description>
                
                <pubDate><![CDATA[Sat, 21 Nov 2009 05:01:00 EST]]></pubDate>
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                <title><![CDATA[Business Briefs]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/21/business-briefs-44034/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/21/business-briefs-44034/]]></guid>
                <description><![CDATA[Hill Phoenix Inc., a Georgia-based designer and manufacturer of commercial refrigerated food display cases and application systems, will expand its presence in Chesterfield County. The company announced yesterday it will lease 317,319 square feet at 1301 Battery Brooke Parkway. The expansion is due to space constraints at the company&#8217;s plant on Ruffin Mill Road, which opened in 1995.]]></description>
                
                <pubDate><![CDATA[Sat, 21 Nov 2009 05:01:00 EST]]></pubDate>
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                <title><![CDATA[SCC seeks to suspend N.C. Mutual' license in Va.]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/21/scc-seeks-to-suspend-nc-mutual-licens-71831/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/21/scc-seeks-to-suspend-nc-mutual-licens-71831/]]></guid>
                <description><![CDATA[Virginia regulators want to suspend the nation&#8217;s oldest black-owned insurer from doing business in Virginia, saying its finances are in hazardous condition. But North Carolina Mutual Life Insurance Co. is working on raising capital to boost its balance sheet, spokeswoman Kimberly Moore said this week. The Durham, N.C.-based insurer also is reducing expenses and has cut back on signing up new business, which eases financial pressures on the company as well, she said.]]></description>
                
                <pubDate><![CDATA[Sat, 21 Nov 2009 05:01:00 EST]]></pubDate>
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                <title><![CDATA[Nonprofit, Realtors to create Va. housing-costs index]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/21/nonprofit-realtors-to-create-va-housin-81451/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/21/nonprofit-realtors-to-create-va-housin-81451/]]></guid>
                <description><![CDATA[Housing Virginia, a statewide nonprofit dedicated to affordable housing, and the Virginia Association of Realtors will produce a quarterly housing-affordability index for the state beginning in January. The index will be a broad measure of housing affordability that compares housing and rental costs with household incomes. &#8220;Basically what we&#8217;re looking at is presenting the percentage of a typical Virginia household&#8217;s income necessary to afford the typical home in Virginia,&#8220; said R. Scott Brunner, chief executive officer of the Virginia Association of Realtors.]]></description>
                
                <pubDate><![CDATA[Sat, 21 Nov 2009 05:01:00 EST]]></pubDate>
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                <title><![CDATA[Disney unveils its newest princess]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/21/disney-unveils-its-newest-princess-62776/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/21/disney-unveils-its-newest-princess-62776/]]></guid>
                <description><![CDATA[ORLANDO, Fla. The Walt Disney Co.&#8216;s newest princess doesn&#8217;t arrive in movie theaters for another month, but she is already easy to find at Walt Disney World. Theme-park guests can meet Tiana, an African-American princess, and watch her perform in a musical riverboat show. They can buy Tiana dolls, undergo Tiana makeovers, and eat Tiana&#8217;s Magical Kisses&#8212;bite-sized, white-chocolate-covered graham crackers. They can even get vouchers for a child&#8217;s ticket to Tiana&#8217;s movie.]]></description>
                
                <pubDate><![CDATA[Sat, 21 Nov 2009 05:01:00 EST]]></pubDate>
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                <title><![CDATA[Panel OKs bill to crack down on Internet cigarette sales]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/21/panel-oks-bill-to-crack-down-on-internet-90077/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/21/panel-oks-bill-to-crack-down-on-internet-90077/]]></guid>
                <description><![CDATA[The U.S. Senate Judiciary Committee approved legislation that would crack down on Internet sales of tobacco products, which many public-health advocates believe is a common way that minors get cigarettes. The legislation, supported by Henrico County-based tobacco giant Altria Group Inc., would make it illegal to mail cigarettes to buyers.]]></description>
                
                <pubDate><![CDATA[Sat, 21 Nov 2009 05:01:00 EST]]></pubDate>
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                <title><![CDATA[Hundreds line up for REI opening]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/20/hundreds-line-up-for-rei-opening-04438/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/20/hundreds-line-up-for-rei-opening-04438/]]></guid>
                <description><![CDATA[Several hundred people waited in line this morning for the grand opening of outdoor equipment retailer REI in Henrico County&#8217;s West Broad Village. Jacki Farlik, the hard goods supervisor at the store, said 667 people came through the doors in the first 15 minutes after it opened at 9 a.m. Many had been standing in line for more than hour, she said.]]></description>
                
                <pubDate><![CDATA[Fri, 20 Nov 2009 20:02:01 EST]]></pubDate>
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                <title><![CDATA[Virginia' jobless rate falls in October from September]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/20/virginia-jobless-rate-falls-in-october--71345/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/20/virginia-jobless-rate-falls-in-october--71345/]]></guid>
                <description><![CDATA[Virginia&#8217;s unemployment rate, while higher than last year, remains far lower than the national average and bucked the national trend, which saw a rise in joblessness from September to October]]></description>
                
                <pubDate><![CDATA[Fri, 20 Nov 2009 17:10:34 EST]]></pubDate>
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                <title><![CDATA[PM owes smoker $300 million]]></title>
                <link><![CDATA[http://www2.richmond.com/content/2009/nov/20/pm-owes-smoker-300-million-36365/]]></link>
                <guid><![CDATA[http://www2.richmond.com/content/2009/nov/20/pm-owes-smoker-300-million-36365/]]></guid>
                <description><![CDATA[In the company's latest legal defeat, a Florida jury ordered Philip Morris USA to pay a 61-year-old former smoker with emphysema $300 million in punitive and compensatory damages. Bloomberg News has more on the case: The lawsuit is the result of a 2006 Florida Supreme Court decision that de-certified a class-action case and allowed for individual suits, [...]]]></description>
                
                <pubDate><![CDATA[Fri, 20 Nov 2009 16:19:28 EST]]></pubDate>
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