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Air travel a leap of faith for passengers / Fri, 25 Jul 2014 05:28:22 -0400
WASHINGTON Airline travel requires passengers to make a leap of faith, entrusting their lives to pilots, airlines, air traffic controllers and others who regulate air travel.

Monarch parent’s net income up 3.8% in second quarter / Thu, 24 Jul 2014 20:03:07 -0400
Monarch Financial Holdings Inc., the Chesapeake-based parent company of Monarch Bank, on Thursday reported net income of $3.18 million for the second quarter, up 3.8 percent from the $3.06 million earned in the same period last year.

Hampton company opens another center in China / Thu, 24 Jul 2014 19:58:59 -0400
Hampton-based sensors maker Measurement Specialties Inc. said Thursday that it has opened an R&D and manufacturing center in the southwestern Chinese city of Chengdu in Sichuan province and expects employment to rise to 2,000 from 550 within five years.

Millions in insurance rebates going to Carolinas / Thu, 24 Jul 2014 12:12:23 -0400
More than $21 million in health insurance rebates will be coming to consumers in the Carolinas from companies the federal government says spent too many premium dollars on profits and red tape last year.

U.S. announces Va. refunds under Affordable Care Act / Thu, 24 Jul 2014 07:04:51 -0400
RICHMOND Nearly $9 million in refunds from insurance companies are headed to 104,000 consumers in Virginia. Health and Human Services Secretary Sylvia M. Burwell announced the refunds Thursday, crediting the Affordable Care act. Burwell said the refunds in Virginia will average $148 per family.

Va. employment agency will close Suffolk office / Wed, 23 Jul 2014 21:20:20 -0400
The Virginia Employment Commission will close a small office in Suffolk in November, but a city official said job-seekers will still find a range of services at the site.

GM recalls 700,000 recent model year vehicles / Wed, 23 Jul 2014 20:10:54 -0400
General Motors announced six safety recalls Wednesday covering 717,950 recent model year vehicles, including Chevrolet Camaros and Silverados, Cadillac CTS and ATS sports sedans, Buick Regals and LaCrosses, and other models. GM has set a record for recalls this year and the company’s safety czar said this latest round demonstrates its new approach to safety.

TowneBank’s quarterly earnings increase 4.3 percent / Wed, 23 Jul 2014 19:43:34 -0400
Suffolk-based TowneBank said Wednesday it earned $11.68 million in the second quarter, a 4.3 percent increase over $11.2 million during the same quarter last year, according to a news release. Equity at the end of the quarter increased to $604.8 million, up 5.9 percent from $571.4 million in 2013.

Norfolk rezones Northampton Blvd. land for brewery / Wed, 23 Jul 2014 16:51:38 -0400
NORFOLK The city has rezoned property on Northampton Boulevard to attract a brewery, brewpub or microbrewery. The City Council on Tuesday also created a zoning designation to allow such businesses in other districts. Spokeswoman Lori Crouch said the change makes it easier for business owners to open a brewery, which Norfolk wants to encourage.

Report outlines impact of national parks in Va. / Wed, 23 Jul 2014 09:47:10 -0400
RICHMOND Fewer people visited Virginia's national park sites last year and spent less money during those visits, according to a report by the U.S. Department of the Interior.

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