Northrop Grumman approves spinoff of shipbuilding unit
March 15, 2011 1:57 PM
Northrop Grumman Corp.’s Board of Directors approved a spinoff Tuesday of its shipbuilding subsidiary, Huntington Ingalls Industries Inc.
Real estate banker says market draws more capital, but remains uneven
March 14, 2011 11:53 PM
There’s more money in the market for commercial real estate, with a bounce back in CMBS (commercial mortgage-backed securities) and more interest from insurance companies.
Dominion to participate in troop- to-energy jobs initiative
March 14, 2011 6:02 PM
Richmond-based Dominion plans to establish a two-year pilot program that would link thousands of future job openings in the energy industry with troops leaving military service.
Virginia tourism to run new commercial in eight states
March 14, 2011 6:00 PM
Virginia revealed a new “Virginia is for Lovers” tourism commercial that is scheduled to run in eight states beginning this month.
Eco-friendly recycling company to create 100 jobs in Covington
March 14, 2011 2:22 PM
Continental Waste Management LLC said Monday it will create 100 jobs at a plant in Covington, which will recycle plastic products and manufacture plastic and wood composite products.
Commercial real estate roundup, 3/14/11
March 14, 2011 6:30 AM
Work begins this spring on a large mixed-use project in Charlottesville while multi-family properties continue to be hot commodities in Hampton Roads. This and other real estate news from around the state:
Rosetta Stone offers online trial of its Irish program
March 11, 2011 2:44 PM
Rosetta Stone is celebrating St. Patrick’s Day by encouraging people to learn a bit of Irish — a language spoken today by fewer than 55,000 people.
Old Point headquarters project uncovers 17th century artifacts
March 10, 2011 5:50 PM
Construction on Old Point National Bank’s new headquarters should get underway this summer after archaeologists preserve 2,000 artifacts uncovered during the excavation of the bank’s new home in downtown Hampton.
Virginia’s seasonally adjusted unemployment rate falls to 6.5%
March 10, 2011 5:30 PM
It’s the lowest rate since March 2009
Pending home sales soar in the Washington, D.C., area
March 10, 2011 5:07 PM
RealEstate Business Intelligence says the number of contracts signed in February was up 33 percent from the same time last year