Dow and Virginia stocks tumble on recession fears
October 22, 2008 5:01 PM
The Dow Jones Industrial Average fell another 560 points on Wednesday amid weak corporate forecasts and falling commodity prices that increased recession fears. Virginia stocks had another tough day, too.
General Dynamics reports 16 percent profit increase
October 22, 2008 9:19 AM
Falls Church defense contractor General Dynamics reported its third-quarter earnings increased 16 percent because of sales in its shipbuilding and information technology segments.
Circuit City considers closing stores, cutting jobs
October 20, 2008 9:15 AM
Richmond electronics retailer Circuit City Stores Inc. is considering a plan to shut 150 stores and cut thousands of jobs to avoid bankruptcy, according to a report published Monday morning in The Wall Street Journal.
Bargain hunters spur home sales in Northern Virginia
October 17, 2008 8:24 AM
Falling home prices in Prince William County have caused a spree of home sales, according to The Washington Post.
Virginia agency offers plan to help banks restructure loans
October 16, 2008 2:33 PM
A Virginia agency unveiled a plan Thursday to help banks restructure loans for Virginia businesses suffering from the global credit crisis.