QUOTE(torka @ Jan 15 2009, 02:35 PM) 
When you say you "pointed" the old domain to the new one, what exactly does that mean?
Judging by this:
QUOTE
Search's are good, but the site/domain appears in google below the description value, as mybusinessname.com instead of the new domain name where the site sits mynewbusinessname.com.
I'd say they just parked the domain.
Instead of parking it, 301 redirect the old to the new and that will eventually solve your problem.
