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September 08, 2008
US government takes on big role in mortgage market
Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market.
September 05, 2008
ACAC announces Old Trail location
The facility, set to open in spring 2009, will be located at the village center of the Old Trail mixed-use development.
September 02, 2008
CBJ: Daybook
Business Calendar
CBJ: Business Briefcase
Local business announcements
CBJ: Personnel File
Local business announcements
CBJ: BRIC Countries: Russia
Since the fall of the Soviet Union in 1991, Russia has been trying to remake itself and regain its former glory and respect. The country’s fall from superpower to emerging market deeply wounded its people’s pride.
CBJ: Property Transfers & Building Permits
A weekly listing of property transfers and building permits in and around Charlottesville.
CBJ: Changes in the air
“Airline travel is airline travel — it’s been bad for a long time,“ Chris Bardasian, an American Airlines frequent flyer, said recently at Dallas-Fort Worth International Airport. “I suspect prices will go up, fewer people will travel, and if you’re willing to pay the price it will be fine.“
August 29, 2008
July incomes drop by largest amount in 3 years
Personal incomes plunged in July while consumer spending slowed significantly as the impact of billions of dollars in government rebate checks began to wane.
August 28, 2008
Economy rebounds in 2Q, mostly spurred by exports
The economy shifted to a higher gear in the spring, growing at its fastest pace in nearly a year as foreign buyers snapped up U.S. exports and tax rebates spurred shoppers at home.
August 26, 2008
S&P: Home prices drop by record amount in 2Q
A widely watched housing index released Tuesday showed home prices dropping by the sharpest rate ever in the second quarter.
August 25, 2008
Realtors say existing home sales rose in July
Sales of existing homes rose 3.1 percent in July, surpassing expectations, as buyers snapped up deeply discounted properties in parts of the country hit hardest by the housing bust.
CBJ: ‘An explosion of great beer’
With planned ‘beer trail,’ Charlottesville area brew-ers hope emulate Virginia’s wine industry.
CBJ: BRIC Countries: Brazil
In 2003, the Goldman Sachs Global Economics Department predicted the economic and geopolitical influence of Brazil, Russia, India and China (the BRIC countries) would become increasingly visible in the developed world and even dominate it by 2050. These countries have averaged a total return on investment in their stock markets of 38.28 percent over the past five years, up 5.02 percent over the past year.
CBJ: Personnel File
Local business announcements
CBJ: Business Briefcase
Local business announcements
CBJ: Property Transfers & Building Permits
A weekly listing of property transfers and building permits in and around Charlottesville.
CBJ: Daybook
Business Calendar
August 24, 2008
Brewers hope to emulate wineries with new trail
Construction crews are putting the finishing touches on the Devil’s Backbone beer brewery located just down the mountain from the Wintergreen ski and golf resort in Nelson County.
August 22, 2008
Bernanke: Financial crisis taking toll on economy
Federal Reserve Chairman Ben Bernanke said Friday the financial crisis that has pounded the country — coupled with higher inflation — is taking a toll on the economy and poses a major challenge to Fed policymakers as they try to restore stability.
August 19, 2008
Electronics retailer Circuit City says it’s still considering strategic alternatives
Circuit City says it’s still considering a sale of the Richmond consumer electronics retailer.
Wholesale prices rising at fastest pace since 1981
Wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years, according to government data released Tuesday.
August 18, 2008
CBJ: Small-scale farmers grapple with modern commerce
Amish and Mennonite and even non-religious small-scale growers in Virginia, Pennsylvania, Ohio, Iowa, Tennessee, New York and other states are mindful of the money to be made from this emerging relationship with big distributors. And they are willing to engage in some horse trading to create business relationships.
CBJ: Property Transfers & Building Permits
A weekly listing of property transfers and building permits in and around Charlottesville.
CBJ: Behavioral Finance: Patience Is Its Own Reward
Financial information on the Internet is excessive and changes daily. This overload leads to excessive trading, which in turn results in lower returns. Studies suggest that analysts who depend on all this overwhelming advice make poorer decisions even though they feel more confident about them.
CBJ: Daybook
Business Calendar
CBJ: Business Briefcase
Local business announcements
CBJ: Personnel File
Local business announcements
August 12, 2008
City sued over parking lot sale
Spencer Connerat, formerly of Collective Resources Corp. and a CPC stockholder, said the suit is an attempt to force the city to specify if and when it inked a confidentiality agreement with the CPC. Such an agreement would be needed to allow the city to bid on CPC’s assets.
Homeowners rethink commutes with high gas prices
Real estate agents say the cost of gas is putting a damper on home sales in some rural areas.

