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For the Record - Eastern Virginia

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JASE Group LLC, a Norfolk-based interactive advertising and marketing agency, is the agency of record for Dragas Management Corp., a Virginia Beach mortgage company. JASE will develop advertising campaigns in a variety of media across the Hampton Roads region. (News release)

Kingsmill Resort, a business conference and recreation destination in James City County, announced plans to hire 200 workers. The positions will include full-time, part-time and seasonal employees. (Daily Press)

Muller Martini Manufacturing Corp., a Newport News-based manufacturer of book binding machinery, closed its two production plants, resulting in the loss of 160 jobs. The company said it was unable to recover from the recent recession. (Daily Press)

Norfolk gave the green light to the Midtown Office Tower project after the developer, Tivest Development, agreed to proceed without $490,000 in city tax incentives. The city took the action after public criticism of plans for placing the 165,000-square-foot, $32.7 million office building in one of the city’s poorest neighborhoods. (The Virginian-Pilot)

Norfolk Southern Corp. has been named to Corporate Responsibility magazine’s 100 Best Corporate Citizens List for 2011. Norfolk Southern ranked 79th on the magazine’s 12th annual list. This is the third time the Norfolk-based railroad company has been on the list. (News release)

Northrop Grumman Corp. plans to spin off its shipbuilding subsidiary, Newport News-based Huntington Ingalls Industries Inc. The company will include a massive shipbuilding facility in Newport News, the only builder of U.S. nuclear-powered aircraft carriers and one of two builders of Virginia-class, nuclear-powered submarines. It also includes Ingalls shipyard in Pascagoula, Miss., and a shipyard in Alabama scheduled to close in 2013. The spinoff must be approved by the U.S. Securities and Exchange Commission. (VirginiaBusiness.com)

Smithfield Foods closed a facility in Smithfield used in producing barbecued ribs, stews and soups, eliminating 53 jobs. The workers will be eligible to apply for other positions in the company. (The Associated Press)

Wilbanks, Smith & Thomas Asset Management LLC, a Norfolk-based investment advisory firm, acquired a minority stake in Jolley Asset Management LLC of Rocky Mount, N.C., an advisory firm with $140 million under management. The move allows Wilbanks, which has $2 billion in assets under management, to increase its presence in North Carolina. (News release)


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