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February 2009 Archives

February 28, 2009

WINCHESTER -- For an illustration of how the dismal economy is affecting city businesses, look no further than Ward Plaza on Valley Avenue.

STRASBURG -- A local couple is nearly ready to restart the motor of a former auto parts store on East King Street.

WOODSTOCK -- The bank that holds the note on the Sirian Motel purchased the facility at auction Thursday morning.

WINCHESTER -- The local Clarke Motors dealership is officially on the market.

WINCHESTER -- Trex turned a profit of $13.6 million in 2008 on net sales of $329.2 million, the company said Friday.

February 26, 2009

MIDDLETOWN -- The owners of the Wayside Inn are taking a hard look at their bottom line and are not ruling out an estate sale in the spring to ensure its survival.

February 25, 2009

FRONT ROYAL -- Downtown merchants are joining forces to map out survival strategies during the sagging economy.

FRONT ROYAL -- The Valley Connector commuter bus service is expanding its operations.

BERRYVILLE -- Eagle Financial Services, the parent company of Bank of Clarke County, saw its earnings tumble 23 percent last year as economic conditions caused more past-due loans and the company's investments suffered.

February 21, 2009

WINCHESTER -- The top of Virginia labor market lost 1,100 jobs in the 12 months ended in December as the recession tightened its grip on the Northern Shenandoah Valley.

WINCHESTER -- Cabinet maker American Woodmark Corp. swung into the black in the company's third quarter, posting a small profit on a bump in remodeling sales and continued costs savings.

Openings Kidzplay, a new supervised indoor playground for children under the age of 11, held a grand opening Monday at 308 Hope Drive in Winchester, between Food Lion and the old Montgomery Ward's Plaza. The business offers private birthday parties, educational and recreational programs, open...

February 18, 2009

WINCHESTER -- Shenandoah University has chosen a pair of environmentally friendly Apple-based technologies as the foundation for its new mobile learning program.

WINCHESTER -- Valley Farm Credit has completed its merger with MidAtlantic Farm Credit, creating one of the largest rural lending organizations on the East Coast.

STRASBURG -- The parent company of First Bank has received preliminary approval from the U.S. Treasury to participate in a government capital infusion plan for financial institutions.

Construction workers install the steel framework recently for a 406,000-square-foot distribution center for Solaris Paper Inc. off Radio Station Road in the North Shenandoah Industrial Park near Strasburg. Rich Cooley/Daily

February 14, 2009

MARTINSBURG, W.Va. -- For seven weeks, attorneys for the nation's third-largest cracker and cookie maker have been chewing on a 48-count indictment charging the company with unfair labor practices at its Front Royal bakery. Hearings in the case against Interbake Foods wrapped up on Tuesday. A federal labor relations judge will issue a written decision in the coming months.

WINCHESTER -- A few months ago, homebuilders were viewed as part of the problem, a spoke in the wheel of an economy speeding downhill. But thanks to the efforts of local homebuilder associations across the country, housing has become a part of the solution for recovery on Capitol Hill.

February 11, 2009

WINCHESTER -- Winchester Medical Center is ranked among the nation's top 5 percent of hospitals for the sixth consecutive year, according to an independent study of mortality and complication rates released by HealthGrades.

AT&T plans to roll out its third-generation mobile broadband network this year in communities along the Interstate 81 corridor in Virginia, including Winchester.

February 7, 2009

MIDDLETOWN -- What if you could move your organization's critical information technology -- networks, servers, storage equipment -- off site, saving you time and money and freeing you up to focus on your core business?

FRONT ROYAL -- A local startup, New Life Group LLC, has purchased 4 acres at North River Square, adjacent to Crooked Run Center, for an eco-friendly commercial project.

CARLISLE, Pa. -- Beginning Sunday, Martin's shoppers who use their BonusCard will be able to participate in the Gas Extra Rewards program for the full eight weeks of the promotional campaign.

FRONT ROYAL -- The Front Royal-Warren County Chamber of Commerce, the Economic Development Authority and the Lord Fairfax Small Business Development Center are holding a series of seminars to help local businesses through the economic times.

February 4, 2009

STEPHENS CITY -- Capon Valley Bank has purchased the former BB&T building at 5511 Main St., with plans to convert the property into a second Frederick County branch sometime this summer.

WINCHESTER -- Faced with a deteriorating economy that has slashed jobs and trimmed consumer spending, businesses across the nation saw their share of hard times in 2008. But the slump won't last forever, and entrepreneurs will continue to weather the storm.

CHARLESTON, W.Va. -- The holding company for United Bank has elected not to participate in a government capital infusion plan for financial institutions.

MOOREFIELD, W.Va. -- Summit Financial Group turned in a respectable final three months of 2008, but it wasn't enough to keep its year-end earnings from tumbling.




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