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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.
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Virginia stocks rally along with Dow’s surge
October 28, 2008 5:07 PM
Virginia’s major stocks showed a strong rebound Tuesday as the Dow Jones Industrial Average soared 900 points.
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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.
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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.
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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.
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Virginia stocks fall slightly
October 24, 2008 2:30 PM
Most major Virginia stocks were down slightly Friday as U.S. markets fall amid widespread fears of a global recession.
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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.
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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.
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Sallie Mae narrows loss
October 23, 2008 9:48 AM
Reston-based student loan lender Sallie Mae narrowed its third quarter loss to $159 million, compared with $344 million last year.
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Obama addresses business issues at Richmond rally
October 22, 2008 5:29 PM
Presidential candidate speaks before 13,000 in Richmond
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