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Smithfield posts third-quarter loss on restructuring charges
March 12, 2009 11:01 AM
Smithfield Foods reported a $103.1 million loss in the third quarter of its fiscal year, blaming high grain prices and the cost of restructuring its pork segment.
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Hilton Hotels to move headquarters to Tysons Corner
March 11, 2009 4:48 PM
The Hilton Hotels Corp. has chosen Tysons Corner as its new home.
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Chicago real estate firm to submit offer to buy Virginia port
March 11, 2009 11:41 AM
A Chicago developer is planning to submit a formal proposal this week to buy operating rights of the state-owned Virginia Port Authority, according to the Daily Press.
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It’s official: federal government providing funds for Metrorail to Dulles
March 10, 2009 1:08 PM
U.S. Transportation Secretary Ray LaHood signed a formal agreement Tuesday morning to spend $900 million in federal funds to extend Metrorail through Tysons Corner and onto Dulles International Airport.
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Smoking snuffed out in Virginia restaurants and bars
March 09, 2009 4:56 PM
Gov. Timothy M. Kaine signed legislation Monday that will prohibit smoking in Virginia’s restaurants and bars starting Dec. 1.
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Virginia makes plans for transportation stimulus package
March 09, 2009 10:57 AM
Last month, President Barack Obama and Gov. Timothy M. Kaine stood on the site of the Fairfax County Parkway to push for a federal stimulus for languishing transportation projects like it across the country.
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Galax furniture manufacturer to expand
March 06, 2009 3:39 PM
Vaughan-Bassett Furniture Co. announced it would invest $2.16 million to expand its Galax manufacturing facility, creating 100 jobs and saving 500 existing jobs.
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Norfolk condominium project facing foreclosure
March 06, 2009 11:51 AM
A $200 million condominium project will foreclose by the end of the month, according to the Virginian-Pilot.
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Largest Virginia coal mine idled
March 06, 2009 11:05 AM
Among the latest Southwest Virginia companies letting employees go is CONSOL energy in Buchanan County, which idled its Buchanan Mine – the largest coal mine in Virginia – for at least a month. The mine employs 540 people.
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General Dynamics’ aerospace unit plans to lay off 1,200
March 05, 2009 11:23 AM
Falls Church defense contractor General Dynamics announced Thursday that its Gulfstream Aerospace subsidiary is reducing its outlook for 2009 amid a decline in backlog.
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