Northrop Grumman, General Dynamics awarded $14 billion Navy submarine contract
December 23, 2008 9:12 AM
The U.S. Navy has awarded Northrop Grumman Shipbuilding in Newport News, a subsidiary of Falls Church-based General Dynamics, a $14 billion contract to build eight submarines, the largest sub procurement in Navy history.
CarMax reports third-quarter loss
December 22, 2008 10:50 AM
Used car retailer CarMax Inc. reported a $21.9 million loss during the third quarter as sales sank 23 percent for the quarter.
Genworth to cut 1,000 jobs
December 19, 2008 9:28 AM
Henrico County-based Genworth Financial will cut 1,000 jobs, or about 14 percent of its worldwide work force, the company announced Thursday.
Kaine’s plan would raise cigarette tax, cut Medicaid and education
December 18, 2008 8:37 AM
Highlights of Kaine's budget proposal
Blacksburg business incubator receives international award
December 17, 2008 8:40 AM
A Blacksburg business incubator has been dubbed the “Most Promising New Incubator” at an annual awards program at the Science Alliance Conference in Science-Based Incubation.
Kaine to propose cigarette tax increase
December 16, 2008 3:37 PM
Gov. Timothy M. Kaine plans to propose a cigarette sales tax increase to help close the state’s budget shortfall, Speaker of the House William J. Howell confirmed Tuesday.
Supreme Court allows lawsuit against Altria to proceed
December 16, 2008 9:10 AM
The U.S. Supreme Court dealt a legal blow Altria Group and the tobacco industry Monday by ruling that tobacco companies can be sued for marketing “light cigarettes.”
Automotive supplier to consolidate operations in Newport News, creating 318 jobs
December 15, 2008 9:45 AM
An automotive supplier announced Monday it will move its South Carolina manufacturing operations to its Newport News site, creating 318 new jobs.
Gildan closes Hillsville knitting plant
December 12, 2008 9:03 AM
Canadian-based Gildan Activewear announced Thursday it would close its knitting plant in Hillsville, laying off 180 employees.