(Source: Richmond Times - Dispatch)Southwest Airlines Co. said it will set up shop at New York's LaGuardia Airport in June, the carrier's first entry into the major market. The move not only helps Southwest push into one of the country's busiest airports, but it also taps into budget-conscious travelers' desire for low-cost fares during the recession. The Dallas-based company will have eight daily nonstop flights - five between LaGuardia and Chicago Midway and three between LaGuardia and Baltimore/Washington International Thurgood Marshall Airport. A one- way ticket to BWI will run $49, while a Chicago one-way fare will cost $89 if purchased 14 days in advance. Prior to LaGuardia, Southwest's closest hub for New York-based travelers was Long Island's Islip Airport. (photo cutline) VIRGINIA

Davenport opens 3rd office in North Carolina

Richmond-based Davenport & Co. brokerage has opened its third office in North Carolina.

The new Greensboro branch, the firm's 15th, has 10 financial advisers.

The 146-year-old independent investment firm also has expanded in Virginia, hiring seven brokers for its branches in Richmond, Norfolk and Virginia Beach.

First Capital receives $10.9 million from U.S.

First Capital Bancorp Inc. was among 10 banks to receive a total of $54.8 million from the Treasury Department in the latest payments from the $700 billion financial rescue fund.

First Capital, based in western Henrico County, received $10.9 million, Treasury said.

The new payments were made Friday but not disclosed until yesterday.

Also on Friday, First Capital announced plans to merge with Eastern Virginia Bankshares Inc. of Tappahannock.

ILLUSTRATION: PHOTO

MEMO: EXCERPT FROM BUSINESS BRIEFS

Originally published by Staff and Wire Reports.

(c) 2009 Richmond Times - Dispatch. Provided by ProQuest LLC. All rights Reserved.

A service of YellowBrix, Inc.