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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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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.
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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.
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Virginia economy continues to weaken
October 22, 2008 9:18 AM
Virginia’s economy continues to look weak, according to a report by the Federal Reserve Bank of Richmond.
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NVR’s quarterly profit drops 60 percent
October 21, 2008 10:10 AM
Homebuilder NVR Inc. reported a 60 percent drop in profit for its third quarter amid the housing turmoil.
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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.
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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.
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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.
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Five Indian firms to open offices at GMU
October 16, 2008 10:31 AM
Five Indian technology companies will set up offices at an international business incubator at George Mason University.
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