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Articles by Gregory Shriver
Chesterfield Towne Center goes high tech with Santa experience - Richmond Times-Dispatch: Richmond Area Business News
More than 40 malls in the U.S. have installed high-tech settings that let kids tap tablets, play games or take a virtual ride to the North Pole as they make their way to meet Santa. Here is a sampling of their offerings: WHAT IT HAS: Seats rumble as visitors take a virtual sleigh ride to the North Pole. Cartoon characters from DreamWorks Animation's "Kung Fu Panda" films narrate the experience.
Gas prices on rise as Labor Day approaches; average price hits $2 a gallon in Richmond area - Richmond Times-Dispatch: Richmond Area Business News
As Labor Day approaches and summer winds down, gas prices are on the rise again in the Richmond area and Virginia as a whole, as well as nationally. Just be thankful this isn't five years ago when prices were nearly 50 percent higher. An online service is needed to view this article in its entirety. You need an online service to view this article in its entirety. Choose an online service.
Ahead of the Bell: US new-home sales - Richmond Times-Dispatch: Ap
SALES SLIP: Economists believe that new-home sales fell just over 2 percent last month to a seasonally adjusted annual rate of 580,000, according to a survey by the data firm FactSet. This would be a pullback from an annual sales rate of 592,000 in June, the highest level since February 2008.
Initial unemployment claims in Louisiana fall - Richmond Times-Dispatch: Ap
The state labor department figures released Monday show the initial claims fell to 2,704 from the previous week's total of 2,949. For the comparable week a year earlier, there were 2,544. The four-week moving average, which is a less volatile measure of claims, decreased to 2,811 from the previous week's total of 2,901. Continued unemployment claims claimed for the week ending Aug. 13 decreased to 27,351 compared to 27,598 in the previous week.
UK court sides with small shareholders on beer merger - Richmond Times-Dispatch: Ap
The move is seen as a concession to smaller shareholders who saw their return on the deal plummet after the pound fell after Britain's vote to leave the European Union. SABMiller's board has accepted, in principle, to the deal that would create a company controlling nearly a third of the global beer market. But Aberdeen Asset Management, among other smaller investors, demanded a say. Some 75 percent of the smaller shareholders must approve the deal for it to go forward.
Louisiana lottery has record sales year - Richmond Times-Dispatch: Ap
BATON ROUGE, La. (AP) — The Louisiana Lottery Corporation ended its 2016 fiscal year with record sales. Lottery officials said in a news release Monday the year ended with $508.3 million in revenue. ........................ ADVERTISEMENT ...................... About $177.9 million from the lottery went back to the state during the budget year that ended June 30. That's $27 million more than had been anticipated.
France, Germany want limits on encryption to fight terrorism - Richmond Times-Dispatch: Ap
Privacy advocates argue that encryption is essential to online security, notably for banking transactions. French Interior Minister Bernard Cazeneuve said authorities are not pushing to ban encryption, but to work with companies that offer encrypted services so that they cannot be abused by violent extremists. He and his German counterpart said Tuesday they're pushing for a Europe-wide policy limiting encryption to be discussed at an EU summit next month.
Eurozone business activity shows no sign of Brexit slowdown - Richmond Times-Dispatch: Ap
LONDON (AP) — Business activity across the 19-country eurozone grew at a steady but subdued pace in August as the region continued to show little concern about the impact of a British exit from the European Union. The purchasing managers' index, a gauge of activity in the services and manufacturing sectors, rose slightly to 53.3 points from 53.2 in July. The index published by IHS Markit is on a 100-point scale, with the 50 mark separating contraction from growth in activity.
McDonald's recalls millions of Happy Meals fitness bands - Richmond Times-Dispatch: Ap
NEW YORK (AP) — McDonald's is recalling millions fitness bands that had been given away in Happy Meals because they might cause skin irritation or burns to children. The fast-food chain said last week that it would stop distributing the bands in Happy Meals. Now it's recalling 29 million of them in the U.S., and 3.6 million in Canada.
NMSU pushing solar-powered wells in remote areas - Richmond Times-Dispatch: Ap
ACOMA PUEBLO, N.M. (AP) — New Mexico State University is promoting a project using solar panels to operate remote wells. The school's Northern New Mexico Outreach Project is hosting Friday a solar panel field demonstration at Acoma Pueblo to show how it can be done. ........................ ADVERTISEMENT ...................... Officials believe it could replace repairing the old windmills out on the range.
Rhode Island single-family home sales up 7.5 percent in July - Richmond Times-Dispatch: Ap
The Rhode Island Association of Realtors said this week that sales activity slowed in the condominium market, which fell 6.6 percent from a year earlier, and in multifamily homes, which fell almost 10 percent. The median price of condos also declined, by more than 5 percent, but the median sales price of multifamily properties grew more than 10 percent to $190,000. The group says there are signs of a more tempered market in single-family homes heading into the fall.
Rhode Island reaches $25.6 million agreement over 38 Studios - Richmond Times-Dispatch: Ap
PROVIDENCE, R.I. (AP) — Rhode Island has reached a $25.6 million settlement with two of the financial backers it sued over a disastrous deal with Curt Schilling's 38 Studios video game company. The state's Commerce Corp. announced Tuesday it has agreed to the proposed settlement with Wells Fargo Securities and Barclays Capital Inc. ........................ ADVERTISEMENT ...................... The settlement was filed Tuesday in Rhode Island Superior Court and is contingent upon the court's approval.
Markets Right Now: US stocks rebound in early trade - Richmond Times-Dispatch: Ap
Stocks are opening solidly higher on Wall Street as the market shakes off a few days of sluggish trading. Electronics retailer Best Buy surged 16 percent after reporting better online sales and lower costs, and Tableau Software jumped 10 percent after announcing an unexpected CEO change. The Dow Jones industrial average rose 98 points, or 0.5 percent, to 18,629. The Standard & Poor's 500 index climbed 10 points, or 0.5 percent, to 2,192.
Delphi, Mobileye join forces on autonomous car platform - Richmond Times-Dispatch: Ap
The companies announced their partnership early Tuesday. It's another in a flurry of auto industry and tech tie-ups as companies race for self-driving supremacy. Delphi and Mobileye plan to build a complete autonomous driving platform that they will sell to automakers worldwide. They promise to demonstrate the technology at January's Consumer Electronics Show and have it ready for production in 2019.
Swiss charge 3 suspects in global phishing case - Richmond Times-Dispatch: Ap
The Swiss attorney general's office said Tuesday that the group for years earned a living from the unlawful procurement and fraudulent online use of credit card data. It said that "credit card holders around the world and Swiss financial institutions" were affected. The three allegedly obtained the data through so-called phishing attacks, using emails, websites and text messages. Prosecutors say they operated from October 2009 until they were arrested in 2014 and 2015 in Bangkok.
Best Buy tops Street 2Q forecasts - Richmond Times-Dispatch: Ap
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. The consumer electronics retailer posted revenue of $8.53 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $8.4 billion. For the current quarter ending in November, Best Buy expects its per-share earnings to range from 43 cents to 47 cents.
Taiwan to probe bank fined in US for money laundering slip - Richmond Times-Dispatch: Ap
TAIPEI, Taiwan (AP) — Taiwan's financial regulator says it will investigate Mega Financial Holding Co. after New York state ordered its banking unit to pay a $180 million penalty and install an independent monitor for violating the state's laws against money laundering. The Financial Supervisory Commission said in a statement that it was looking over records at the bank, and investigating possible violations. The commission said it also intends to strengthen money laundering controls.
Four Corners school district eyes solar power to reduce cost - Richmond Times-Dispatch: Ap
AZTEC, N.M. (AP) — A school district in the heart of New Mexico's Four Corners oil and gas country is looking toward solar to reduce expenses. The Daily Times of Farmington, New Mexico reports (http://goo.gl/XVusCl) the Aztec Municipal School District board members recently approved a second project to install solar panels on district property. ........................ ADVERTISEMENT ......................
US new-home sales climb to best level since late 2007 - Richmond Times-Dispatch: Ap
Construction of single-family houses has picked up this year, as the housing market continues to recover from the drop-off caused by the Great Recession and sub-prime mortgages. Sales in July roughly matched the historic pace of 650,000 new homes selling each year, as the 4.9 percent unemployment rate, mortgage rates hovering near all-time lows and recovering economy have pulled more buyers to new developments and properties.
Man sought by China settles case in New Zealand for $30M - Richmond Times-Dispatch: Ap
New Zealand police said Tuesday that they had previously seized homes, luxury cars including a Porsche and a Maserati, and stocks from William Yan, his wife and two associates. Police said the settlement came without Yan admitting any criminal or civil liability. The case highlights an unusual level of cooperation between Chinese and New Zealand authorities. Critics say it raises questions about how much New Zealand is acquiescing to China's wishes.
Little Axe High School football team loses uniforms in fire - Richmond Times-Dispatch: Ap
LITTLE AXE, Okla. (AP) — A high school football team in the community of Little Axe has lost all of its uniforms and much of its equipment after a field house caught fire. KOCO-TV (http://bit.ly/2bbXdU6 ) reports that the fire was reported at 8 p.m. Monday, and Norman firefighters responded. Little Axe is located about 20 miles east of Norman. The high school said the locker room area and all of its contents were destroyed by smoke and fire. No injuries were reported.
Police: Man steals $1,000 worth of newspapers for coupons - Richmond Times-Dispatch: Ap
ALLENTOWN, Pa. (AP) — A Pennsylvania man is accused of stealing nearly $1,000 worth of newspapers for the coupons. Upper Macungie Township police say 25-year-old Dion Scheirer stole approximately 160 bundles of newspapers from The Morning Call earlier this month and gave them to a third party who sells coupons in bulk around the region. ........................ ADVERTISEMENT ...................... Police say the newspaper lost $965 in revenue as a result of the theft.
Asian stocks in summer lull as markets await Yellen speech - Richmond Times-Dispatch: Ap
KEEPING SCORE: The benchmark Nikkei 225 index in Japan slipped 0.6 percent to 16,497.36 while South Korea's Kospi rose 0.4 percent to 2,050.87. Hong Kong's Hang Seng shed 0.4 percent to 22,912.02 and the Shanghai Composite Index in mainland China gained 0.3 percent to 3,093.12. Australia's S&P/ASX 200 advanced 0.7 percent to 5,553.80. Benchmarks in Taiwan and New Zealand rose. Those in Singapore, Thailand and Indonesia fell.
Man gets 40 years in prison in Texarkana store stabbing - Richmond Times-Dispatch: Ap
The Texarkana Gazette (http://bit.ly/2bAQDU7 ) reports that 25-year-old David Clark Jr. was sentenced Monday. He had pleaded guilty to two counts of attempted capital murder and one count of aggravated robbery. Prosecutors say Clark attacked two clerks with a box cutter in a convenience store on March 27, 2015. Investigators say surveillance video shows Clark attempting to get into the cash register after the stabbing. Both clerks were taken to a hospital for treatment.
Markets rise following upbeat European business report - Richmond Times-Dispatch: Ap
EUROPE: A survey across the 19-country eurozone found that business expanded in August at a steady but subdued pace, a sign that companies were not overly worried about Britain's decision to leave the European Union. The IHS Markit survey of purchasing managers reached a seven-month high. Germany's DAX rose 1.1 percent, France's CAC-40 rose 1 percent and the U.K.'s FTSE 100 rose 0.8 percent. SUMMER LULL: Global markets were otherwise subdued as trading volumes were thin amid the summer holidays.
Private lives are exposed as WikiLeaks spills its secrets - Richmond Times-Dispatch: Ap
In the past year alone, the radical transparency group has published medical files belonging to scores of ordinary citizens while many hundreds more have had sensitive family, financial or identity records posted to the web. WikiLeaks' mass publication of personal data is at odds with the site's claim to have championed privacy even as it laid bare the workings of international statecraft, and has drawn criticism from the site's allies.
Feds to livestream Gulf oil and gas lease sale - Richmond Times-Dispatch: Ap
NEW ORLEANS (AP) — Five months after protesters disrupted an oil and gas lease sale for tracts in the Gulf of Mexico, the government is livestreaming a sale while closing the site in New Orleans where bids are read. Spokeswoman Caryl Fagot (fuh-GOH) says the demonstration in March contributed to the Bureau of Ocean Energy Management's decision to close the site while livestreaming Wednesday's sale. ........................ ADVERTISEMENT ...................... But she says it's not the only reason.
AT&T to provide cellphone roaming, other services in Cuba - Richmond Times-Dispatch: Ap
DALLAS (AP) — AT&T has reached a deal for enhanced roaming and other cellphone services for wireless customers visiting Cuba. The Dallas-based telecommunications giant on Monday announced the agreement with the state telecommunications company, Etecsa. Terms were not released. ........................ ADVERTISEMENT ...................... An AT&T statement says a start date and pricing for the wireless roaming in Cuba — including talk, text and data — will be announced later.
Minnesota nurses resume contract talks with Allina Health - Richmond Times-Dispatch: Ap
The union representing about 4,800 nurses at five Allina hospitals in the Twin Cities area rejected a labor contract offer last week and authorized an open-ended strike, just two months after a weeklong strike ended without a deal. They are expected to resume talks Tuesday. Part of the dispute is over health care plans. Allina wants to transition its nurses to the same plan as other employees to save $10 million a year. The corporate plan carries lower premiums but higher deductibles.
Women in UK see pay gap widen after having children - Richmond Times-Dispatch: Ap
The study by the Institute of Fiscal Studies said Tuesday that women find that by the time their first child reaches the age of 12, their hourly pay is down 33 percent versus that of men. The report says that the difference could be attributed to women putting in fewer hours at the office and missing out on promotions as a result. Overall, women in paid work receive 18 percent less per hour than men, compared to 28 percent less in 1993.
VW says it's reached agreement to resolve supplier dispute - Richmond Times-Dispatch: Ap
News agency dpa reported Tuesday that the automaker said the suppliers will quickly resume deliveries. No details were released. Volkswagen said last week that it would have to suspend production of the Golf and Passat at the Wolfsburg and Emden plants in Germany for around a week because the suppliers weren't delivering parts. The dispute pitted Volkswagen against suppliers ES Automobilguss and Car Trim, and affected supplies of gearbox parts and seat covers.
AG: 2,800 Hoosier borrowers eligible for HSBC reimbursements - Richmond Times-Dispatch: Ap
INDIANAPOLIS (AP) — Attorney General Greg Zoeller (ZEHL'-ur) says about 2,800 Indiana borrowers should watch for mailed notices this month that will tell them how to claim reimbursements from mortgage lender and servicer HSBC. Zoeller said Monday that borrowers whose mortgages were foreclosed upon between Jan. 1, 2008, and Dec. 31, 2012, with servicing abuses by HSBC are eligible.
Carvana planning auto vending machine in Short Pump - Richmond Times-Dispatch: Richmond Area Business News
Online automobile retailer Carvana LLC is planning to build a token operated, 71-foot tall, eight-level, automobile-dispensing tower in western Henrico County, according to documents filed with the Henrico County Planning Department. The vending machine is the key feature in the $6 million development proposed for a 1.4-acre site at 4150 Tom Leonard Drive in Henrico County.
Grain mixed, livestock mostly lower - Richmond Times-Dispatch: Ap
CHICAGO (AP) — Grain futures were mixed Monday on the Chicago Board of Trade. Wheat for Sept. declined 11.75 cents at $4.1525 a bushel; Sept. corn fell 1 cent to 3.3325 a bushel; Sept. oats rose 2.50 cents at $1.7225 a bushel; while Sept. soybeans advanced 8.25 cents to $10.3525 a bushel. ........................ ADVERTISEMENT ...................... Beef was mixed and pork was higher on the Chicago Mercantile Exchange.
Pfizer buying Medivation in deal valued at about $14B - Richmond Times-Dispatch: Ap
NEW YORK (AP) — Pfizer is buying the cancer drug company Medivation in a deal valued at about $14 billion. Pfizer Inc. will pay $81.50 per Medivation share. That's a 21 percent premium to the San Francisco biotech's Friday closing price of $67.19. Medivation Inc.'s stock soared more than 19 percent before the opening bell Monday. The boards of both companies have approved the deal, which is targeted to close in the third of fourth quarter.
Margaret Sutherland - Richmond Times-Dispatch: On The Move
Margaret Sutherland Posted: Monday, August 22, 2016 12:00 am Margaret Sutherland Embrace Home Loans is pleased to welcome MARGARET SUTHERLAND, Senior Loan Officer, to our newest location at 10800 Midlothian Turnpike, Suite 152, Richmond, VA. You may contact her at 804-399-6465 for all your mortgage needs. Posted in On the Move on Monday, August 22, 2016 12:00 am. Posted in On the Move on Monday, August 22, 2016 12:00 am. | Tags: Margaret Sutherland, Home Loan
Oklahoma man pleads not guilty in mounted polar bear case - Richmond Times-Dispatch: Ap
The Tulsa World (http://bit.ly/2bJjcOT ) reports that 62-year-old Bryan Adair has been charged with larceny of lost property, possession of an endangered species and possession of prohibited wildlife. Adair entered his plea on Friday and is free on bond. Game wardens confiscated the stuffed bear from the Jones Riverside Airport in Tulsa on Aug. 4. The bear was legally hunted in 1969 in Alaska, and then brought to Oklahoma.
Kobe Bryant starts $100 million investment fund - Richmond Times-Dispatch: Ap
Bryant Stibel has already made investments in 15 companies, including LegalZoom and home juicing company Juicero, according to their website. The firm was founded in 2013, but is going public now with the retirement of Bryant from the Lakers. Bryant earned roughly $680 million in salary and endorsements during his 18-year career, according to Forbes, and has been in the process of transition from athlete to businessman. Bryant created a company in 2014 called Kobe Inc. to help handle his image.
Business Highlights - Richmond Times-Dispatch: Ap
The oldest millennials — nearing 20 when airplanes slammed into New York City's Twin Towers — are old enough to remember the relative economic prosperity of the 1990s, and when a different Clinton was running for president. The nation's youngest adults — now nearing 20 themselves — find it hard to recall a reality without terrorism and economic worry. Now millennials have edged out baby boomers as the largest living generation in U.S. history, and more than 75 million of them have come of age.
Global travel spending still growing but at a slower pace - Richmond Times-Dispatch: Ap
The World Travel and Tourism Council, a group backed by travel providers with the mission to promote tourism, said in a report Monday that global travel spending for 2016 is expected to grow by 3.1 percent. That is down from a March forecast of 3.3 percent but still outpacing global economic growth, which the group expects to be 2.3 percent. Macroeconomic problems have a much bigger impact on travel than terrorist attacks, the group's president, David Scowsill, said.
Lianne Valenza - Richmond Times-Dispatch: On The Move
Masterly planned along the Swift Creek Reservoir, RounTrey is a water-front community like no other. Only 25 minutes from downtown Richmond, RounTrey is close to … 800-678-8820 Midlothian, VA 23112
Building that housed a farmers market near Elkhart reopens - Richmond Times-Dispatch: Ap
The Elkhart Truth reports (http://bit.ly/2bJuwK7) the American Countryside Farmers Market building is open and a grand opening celebration is planned for Labor Day. The building is a distinctive 51,000-square-foot red barn just south of Elkhart. On the first floor, there are several restaurants, a bakery, an ice cream shop and an oxygen bar. While a few restaurants are open, others are awaiting approval from the health department. The second floor is dedicated to retail space.
Wet weather hampers Minnesota harvest of small grains, hay - Richmond Times-Dispatch: Ap
According to the Minnesota crop report from the U.S. Department of Agriculture, only 3.5 days were suitable for fieldwork during the week that ended Sunday. There continues to be reports of saturated fields and, in some areas, standing water. White mold also is reported on some soybeans because of the continued rain, and reports of sudden death syndrome in soybeans were received from southeastern Minnesota.
Kansas seeking federal wine label designation - Richmond Times-Dispatch: Ap
The Lawrence Journal-World (http://bit.ly/2bAIQXD ) reports that wine producing regions are granted a government designation known as an American Viticultural Area designation. The wine industry in Kansas is still seeking its first designation. The Alcohol and Tobacco Tax and Trade Bureau of the U.S. Treasury Department awards the AVA designations to applicants, recognizing wines made from grapes grown in a particular soil, climate, elevation and other factors. In the spring, Democratic state Sen.
Grain mixed, livestock mostly lower - Richmond Times-Dispatch: Ap
CHICAGO (AP) — Grain futures were mixed Monday on the Chicago Board of Trade. Wheat for Sept. declined 11.75 cents at $4.1525 a bushel; Sept. corn fell 1 cent to 3.3325 a bushel; Sept. oats rose 2.50 cents at $1.7225 a bushel; while Sept. soybeans advanced 8.25 cents to $10.3525 a bushel. Beef was mixed and pork was higher on the Chicago Mercantile Exchange.
Kansas officials working to change state layoff policy - Richmond Times-Dispatch: Ap
The Topeka Capital-Journal (http://bit.ly/2bZu5zC ) reports that the administration is working on adjustments that would restrict worker options for appealing regular job performance ratings and impose a cap on how much sick leave new retirees may donate to colleagues who are ill. Kansas Department of Administration officials say the proposed adjustments are necessary for the maintenance of a modern and efficient workforce in state government.
Duke Energy, NC agency disputing fine for coal ash pollution - Richmond Times-Dispatch: Ap
Attorneys for the state agency and Duke Energy Corp. said delaying Monday's scheduled hearing may help resolve the disputed fine for polluting the Dan River in 2014. Duke Energy has called the proposed fine disproportionate and arbitrary. Duke Energy also objected last year when the Department of Environmental Quality proposed an unprecedented $25 million fine for persistent groundwater pollution at a Wilmington power plant.
Number of kids in Arkansas foster care tops 5K - Richmond Times-Dispatch: Ap
The Arkansas Democrat-Gazette (http://bit.ly/2bwzF9o ) reports that from March 2015 to March 2016, the number of children in foster care increased from over 4,000 to nearly 5,000, but the state has reversed a trend of losing foster families every quarter. According to the latest reports from the division, about 56 percent of children enter foster care due to substance abuse by their caregiver. The report notes that many children enter foster care for more than one reason.
Markets Right Now: US stocks open lower - Richmond Times-Dispatch: Ap
Stocks are opening slightly lower on Wall Street, led by declines in energy stocks as the price of crude oil turned lower. Mining and materials stocks also fell early Monday as the prices of copper and other metals decline. Utilities and health care stocks were the only sectors to rise. The Dow Jones industrial average fell 74 points, or 0.4 percent, to 18,478. The Standard & Poor's 500 index lost 6 points, or 0.3 percent, to 2,176. The Nasdaq composite slipped 12 points, or 0.3 percent, to 5,224.
Valeant, attempting to normalize operations, names new CFO - Richmond Times-Dispatch: Ap
NEW YORK (AP) — Valeant Pharmaceuticals is replacing Robert Rosiello as chief financial officer as the embattled pharmaceutical company attempts to normalize operations amid a host of ongoing investigations and class action suits. The Canadian company named Paul Herendeen, former Zoetis chief financial officer, to fill the post immediately. ........................ ADVERTISEMENT ......................
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