MWV’s quarterly profit drops 55 percent
October 29, 2008 9:05 AM
Richmond-based MeadWestvaco (MWV) reported a 55 percent drop in its net income during the third quarter because of higher costs, downtime during storms along the Gulf Coast, and the weak dollar.
Virginia Tech invention reduces data centers’ energy use
October 28, 2008 9:44 AM
A Virginia Tech professor and graduate student have developed a way to reduce data centers’ energy consumption by 20 percent to 25 percent, which could save corporations millions of dollars.
Capital One to sell $3.55 billion to Treasury
October 27, 2008 5:28 PM
Credit card and banking company Capital One Financial Corp. will sell $3.55 billion of preferred stock and warrants to the U.S. Treasury, the company said in a regulatory filing on Monday.
Newport News shipbuilders to consider labor contract
October 27, 2008 9:51 AM
Shipbuilders will vote Wednesday on a proposed labor contract with Northrop Grumman Shipbuilding, according to The Virginian-Pilot.
AREVA, Northrop Grumman partnership to create 540 jobs in Newport News
October 23, 2008 4:15 PM
Nuclear energy leader AREVA and Northrop Grumman Shipbuilding plan to join forces to create a new $364 million venture in Newport News.
Altria beats analysts’ expectations
October 23, 2008 9:50 AM
Altria reported $867 million net income, compared with $2.63 billion during the same quarter last year. Altria spun off Philip Morris International last year.