latest news
Schewels Home acquires 100-year-old Petersburg retailer
Lynchburg retailer Schewels Home announced that it acquired Petersburg-based Butterworth’s Furniture, which has been in business since 1925.
Industries
Traditional Medicinals moves forward with $47M plant in Franklin County
Traditional Medicinals will build a $47 million tea plant in Franklin County, creating 57 jobs.
Real Estate
Chesapeake City Council rejects massive data center
Chesapeake City Council unanimously voted to deny a rezoning that would have allowed construction of Hampton Roads’ first major data center
Money
Wall Street rises as oil prices ease and the countdown ticks to the Fed’s decision on interest rates
NEW YORK (AP) — U.S. stocks are rising on Wednesday as Wall Street waits to hear where the Federal Reserve may be taking interest rates. The S&P 500 was 0.5% higher in morning trading. The Dow Jones Industrial Average was up 244 points, or 0.6%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 0.6% higher. […]
Government
Army official says Chinese mineral shortage could impact military equipment
A growing shortage of rare minerals, magnets and metals from China needed for manufacturing military warfighting equipment could lead to the Department of Defense's accessing and sending out military equipment from a stockpile.
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