Industries

For the Record -  Northern Virginia, September 2010

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The AES Corp., an Arlington-based power company, announced a $500 million stock repurchase plan, which will be carried out through the end of the year. (Business Wire)

Gannett Co., a media company based in McLean, entered into a partnership with Yahoo Inc. to sell online advertising in local markets through its properties across the country. Yahoo is already part of a consortium of about 800 newspapers to sell local online advertising, but the deal with Gannett is separate because it includes TV stations. (The Washington Post)

General Dynamics Inc., a Falls Church-based defense contractor, bought Kylmar Ltd. of England, a manufacturer of sensors and optical surveillance gear for long-term use in harsh climates. Kylmar will operate as a subsidiary of General Dynamics United Kingdom Ltd. (Washington Business Journal)

Harris Teeter has decided not to develop a $101 million distribution center in King George County that would have created 335 jobs. Officials at the Charlotte, N.C.-based supermarket chain changed their minds because of a drop in fuel costs and the availability of warehouse space closer to existing distribution centers. (Free Lance-Star)

Loudoun County approved plans for a mixed-used development of commercial, leisure and residential areas that would encompass 2 million square feet of office space and take 15-20 years to finish. The 424-acre Kincora Village Center project at the crossroads of state Routes 7 and 28 would mean an investment of about $2 billion. (The Washington Post)


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