TIAA-CREF awards George Mason $25,000 for personal savings ideas
October 22, 2010 5:23 PM
George Mason University will receive $25,000 from TIAA-CREF for submitting the most ideas to increase the U.S. personal savings rate to 10 percent.
Seasonally adjusted unemployment rate down 0.1 percentage point
October 22, 2010 4:52 PM
Virginia’s seasonally adjusted unemployment rate fell 0.1 percentage point to 6.8 percent in September and unadjusted employment rate fell 0.5 percent in September to 6.5 percent.
Orbital Sciences revenue up 13 percent
October 21, 2010 5:51 PM
Dulles-based Orbital Sciences Corp. reported a 13.5 percent increase in its income in the third quarter because of increases in the company’s satellite and space program segments.
Mortgage rates inch up from record low, adjustable mortgages hit record lows
October 21, 2010 5:49 PM
The 30-year, fixed-rate mortgage rose 0.2 percentage points this week.
Rolls-Royce factory construction nearing completion in Prince George
October 20, 2010 6:57 PM
The $170 million factory will begin producing jet engine components early next year.
New Boston Fund begins work on office/industrial complex for Rockwell Collins
October 20, 2010 6:13 PM
New Boston Fund Inc. broke ground Wednesday on an office/industrial complex in Loudoun County.
Altria reports higher revenue, net income
October 20, 2010 3:57 PM
Altria Group Inc. reported a 28 percent increase in net income in the third quarter based on lower costs and higher pricing on its tobacco products.
Speed limit increased to 70 mph on rural interstates
October 20, 2010 3:53 PM
Limits will be increased by the end of the year.
Commercial real estate executives say Richmond is well positioned for investment and growth
October 20, 2010 12:23 AM
Second-tier markets like Richmond have reason to be optimistic as the commercial real estate market recovers from the recession, according to a forum sponsored by the Greater Richmond Association for Commercial Real Estate (GRACRE).