International Automotive Components furloughs workers
May 19, 2009 11:04 AM
International Automotive Components in Strasburg announced it has furloughed 133 workers because of the closure of General Motors and Chrysler assembly plants, according to the Northern Virginia Daily.
Freddie Mac reports $9.9 billion loss
May 14, 2009 12:21 PM
McLean-based Freddie Mac announced it had lost $9.9 billion during the first quarter, compared with a loss of $151 million during the same period last year.
Alpha Natural Resources to buy Foundation Coal Holdings
May 12, 2009 11:55 AM
Abingdon-based Alpha Natural Resources has announced it will buy Foundation Coal Holdings, making it the third largest coal producer in the U.S.
Companies cut another 327 jobs in Richmond
May 07, 2009 12:05 PM
Capital One Financial Corp. and AdvantaStaff are together cutting 327 jobs in the Richmond area, according to the Richmond Times-Dispatch.
Smithfield Foods cuts production in wake of the swine flu
May 06, 2009 11:18 AM
Smithfield Foods has cut production at its slaughterhouses 10 percent and is reducing employee hours because of fears of the worldwide flu outbreak , according to The Virginian-Pilot.
Chesapeake Corp. winds down Richmond operations
May 05, 2009 11:12 AM
Chesapeake Corp. has completed the sale of its business units and is winding down its Richmond operations, according to the Richmond Times-Dispatch.