Smithfield profit soars on pork segment, insurance recovery
March 10, 2011 11:15 AM
Smithfield Foods reported a jump in profit in its third quarter as pork and live hog prices increased and the company recovered $120 million in fire insurance.
Williamsburg and Virginia Beach top best family vacations list
March 09, 2011 5:40 PM
Williamsburg and Virginia Beach have landed at the No. 1 and 2 spots on Tripadvisor’s 2011 Travelers’ Choice Family Choice Awards for Great U.S. Destinations to Discover.
Smithfield Foods names two to board after one member resigns
March 09, 2011 5:39 PM
Smithfield Foods Inc. has elected two new members to its board of directors after another member resigned because of conflicting business and public commitments.
CIT receives grant to improve gas monitoring in coal mines
March 08, 2011 5:35 PM
The Center for Innovative Technology has received a $200,000 award from the Small Business Administration to improve the monitoring of gas levels in underground mines.
Alpha Natural Resources invests in green cement company
March 07, 2011 6:04 PM
Coal producer Alpha Natural Resources Inc. has invested in a company that repurposes fly ash from coal combustion into a “green cement.”
IceWEB announces merger agreement with Promark Techology
March 07, 2011 5:33 PM
IceWEB Inc. in Sterling, a provider of data storage and building blocks for cloud storage networks, announced Monday that it has reached a definitive merger agreement with Maryland-based Promark Technology Inc.
Virginia Beach company to form joint venture in Saudi Arabia
March 07, 2011 4:57 PM
Arrangement with Ezz Al Khair will allow the companies to trade products and provide services in Saudi Arabia
James River Coal to buy coal companies for $475 million
March 07, 2011 3:07 PM
James River Coal Co. of Richmond has reached an agreement to buy International Resource Partners LP (IRP) and its subsidiary, Logan & Kanawha Coal Co. LLC (L&K), for $475 million in cash.
Commercial real estate roundup, 3/7/11
March 07, 2011 5:30 AM
Cushman & Wakefield | Thalhimer settles into a new headquarters building while Washington sees the largest multifamily property sale since 2008. This and other real estate news from around the state: