NASA awards Orbital $1.9 billion contract
December 24, 2008 11:25 AM
NASA has awarded Dulles-based Orbital Sciences Corp. a $1.9 billion contract to provide cargo transportation from its Eastern Shore spaceport to the International Space Station.
Northrop Grumman, General Dynamics awarded $14 billion Navy submarine contract
December 23, 2008 11:12 AM
The U.S. Navy has awarded Northrop Grumman Shipbuilding in Newport News, a subsidiary of Falls Church-based General Dynamics, a $14 billion contract to build eight submarines, the largest sub procurement in Navy history.
CarMax reports third-quarter loss
December 22, 2008 12:50 PM
Used car retailer CarMax Inc. reported a $21.9 million loss during the third quarter as sales sank 23 percent for the quarter.
Genworth to cut 1,000 jobs
December 19, 2008 11:28 AM
Henrico County-based Genworth Financial will cut 1,000 jobs, or about 14 percent of its worldwide work force, the company announced Thursday.
Kaine’s plan would raise cigarette tax, cut Medicaid and education
December 18, 2008 10:37 AM
Highlights of Kaine's budget proposal
Blacksburg business incubator receives international award
December 17, 2008 10:40 AM
A Blacksburg business incubator has been dubbed the “Most Promising New Incubator” at an annual awards program at the Science Alliance Conference in Science-Based Incubation.
Kaine to propose cigarette tax increase
December 16, 2008 5:37 PM
Gov. Timothy M. Kaine plans to propose a cigarette sales tax increase to help close the state’s budget shortfall, Speaker of the House William J. Howell confirmed Tuesday.