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Virginia Business Magazine


Making sense of the U.S. foreclosure settlement
PilotOnline.com / Thu, 09 Feb 2012 19:18:33 -0500
It could be months before struggling homeowners in Hampton Roads see any relief from the $25 billion settlement announced Thursday between 49 states and the nation's five largest mortgage lenders over abusive foreclosure practices.

LinkedIn's 4Q earnings strong, revenue doubles
TimesDispatch.com / Thu, 09 Feb 2012 16:39:21 -0500
SAN FRANCISCO (AP) -- LinkedIn is reporting a strong fourth quarter as the online professional networking service added 14 million members. Its net income and revenue beat Wall Street's expectations....

Judge tosses $5 million libel suit against WAVY-TV
PilotOnline.com / Thu, 09 Feb 2012 14:15:18 -0500
NORFOLK A federal judge has thrown out a $5 million libel lawsuit against WAVY-TV filed by the owner of a former Portsmouth tax service.

Understanding Greece's Austerity Deal
TimesDispatch.com / Thu, 09 Feb 2012 13:36:35 -0500
Greece's political leaders on Thursday agreed to steep government cutbacks and economic reforms to qualify for a euro130 billion ($170 billion) bailout from other countries in Europe and around the world....

Va. to get $479.6M in benefits from settlement
PilotOnline.com / Thu, 09 Feb 2012 13:28:50 -0500
RICHMOND Virginian and home borrowers in the state will receive about $479.6 million in relief from a $25 billion settlement between states and five mortgage lenders over foreclosure abuses. Federal and state officials announced the deal today.

South Africa plans big infrastructure campaign
TimesDispatch.com / Thu, 09 Feb 2012 13:01:47 -0500
JOHANNESBURG (AP) -- South Africa's president announced ambitious infrastructure projects Thursday, laying out his plans for creating jobs and hope in nation harder hit than most in Africa by global recession....

End of era: Kodak to stop making cameras, digital frames
TimesDispatch.com / Thu, 09 Feb 2012 11:58:28 -0500

Eastman Kodak Co. said today that it will stop making digital cameras, pocket video cameras and digital picture frames, marking the end of an era for the company that brought photography to the masses more than a century ago.


Guerlain perfume heir accused of racism in trial
TimesDispatch.com / Thu, 09 Feb 2012 11:11:00 -0500
PARIS (AP) -- An heir to the Guerlain perfume empire went on trial Thursday in Paris on charges he made racist insults on national television....

Philip Morris International income up nearly 8 percent
TimesDispatch.com / Thu, 09 Feb 2012 10:55:25 -0500

Cigarette maker Philip Morris International says its fourth-quarter net income grew nearly 8 percent as it commanded higher prices for its brands.


States, U.S. announce major settlement over mortgage abuses
TimesDispatch.com / Thu, 09 Feb 2012 10:21:37 -0500

Five major banks — Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial — will pay roughly $26 billion to reimburse American homeowners and overhaul their industry.


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