Smithfield posts third-quarter loss on restructuring charges
March 12, 2009 9:01 AM
Smithfield Foods reported a $103.1 million loss in the third quarter of its fiscal year, blaming high grain prices and the cost of restructuring its pork segment.
Hilton Hotels to move headquarters to Tysons Corner
March 11, 2009 2:48 PM
The Hilton Hotels Corp. has chosen Tysons Corner as its new home.
Chicago real estate firm to submit offer to buy Virginia port
March 11, 2009 9:41 AM
A Chicago developer is planning to submit a formal proposal this week to buy operating rights of the state-owned Virginia Port Authority, according to the Daily Press.
It’s official: federal government providing funds for Metrorail to Dulles
March 10, 2009 11:08 AM
U.S. Transportation Secretary Ray LaHood signed a formal agreement Tuesday morning to spend $900 million in federal funds to extend Metrorail through Tysons Corner and onto Dulles International Airport.
Smoking snuffed out in Virginia restaurants and bars
March 09, 2009 2:56 PM
Gov. Timothy M. Kaine signed legislation Monday that will prohibit smoking in Virginia’s restaurants and bars starting Dec. 1.
Virginia makes plans for transportation stimulus package
March 09, 2009 7:57 AM
Last month, President Barack Obama and Gov. Timothy M. Kaine stood on the site of the Fairfax County Parkway to push for a federal stimulus for languishing transportation projects like it across the country.
Galax furniture manufacturer to expand
March 06, 2009 1:39 PM
Vaughan-Bassett Furniture Co. announced it would invest $2.16 million to expand its Galax manufacturing facility, creating 100 jobs and saving 500 existing jobs.
Largest Virginia coal mine idled
March 06, 2009 9:05 AM
Among the latest Southwest Virginia companies letting employees go is CONSOL energy in Buchanan County, which idled its Buchanan Mine – the largest coal mine in Virginia – for at least a month. The mine employs 540 people.
General Dynamics’ aerospace unit plans to lay off 1,200
March 05, 2009 9:23 AM
Falls Church defense contractor General Dynamics announced Thursday that its Gulfstream Aerospace subsidiary is reducing its outlook for 2009 amid a decline in backlog.