A slimmer Trading Day this week, with moves at an up-start bank. Plus Dominion is selling bonds that pay only 2.25 percent.
After missing the original deadline for filing its second quarter financial results, Village reported net income of $460,000 for the quarter, compared with a $1.7 million loss in the same period last year. Also, lots of insider buying and selling.
John Nelson, Altria’s chief technology officer, exercises options to acquire more than $2.5 million in stock. Meanwhile, the parent of Village Bank says it is unable to file its financial report for the second quarter in time to meet the deadline set by the SEC.
Markel reports a loss, citing an earthquake in Chile and the BP oil spill. Plus insider trades at local banks and other firms.
Commonwealth Biotechnology has a new CEO, while the controller and principal accounting officer at Xenith Bank is retiring. Plus quarterly earnings from Genworth, Brink’s, Insmed, New Market and Tredegar.
A meaty Trading Day this week. Find out why profits are down at a local pump and valve manufacturer but up huge at power company Dominion. And a local bank cut its dividend.
A director at Carmax cashes in stock options for a profit of $140,000, and Media General and Altria report quarterly earnings.
Brink’s CEO gets 30,000 shares, a former CEO at the parent of Essex Bank sold almost 2,000 shares.
Lots of folks are the proud owners of new stocks.
There wasn’t a lot of buying and selling going on last week among the head honchos at local public companies. But Universal Corp.filed a proxy statement, which means they disclosed CEO pay, and despite the recession, compensation was up for the bosses.