Smithfield Foods reports lower-than-expected loss
December 10, 2009 11:29 AM
Smithfield Foods improved financial results in all of its operating segments during the second quarter except for hog production, where an oversupply in the U.S. has forced prices down.
Universal Fiber Systems is expanding its production facility in Washington County, creating 84 jobs.
December 09, 2009 2:02 PM
The company manufactures solution-dyed fibers for flooring, transportation and industrial fiber and textile markets.
First Bankshares and Xenith receive regulatory approval
December 09, 2009 11:52 AM
First Bankshares Inc. and Xenith Corp. have received all necessary regulatory approvals and plan to merge around Dec. 31.
Simon plans to acquire Prime Outlets for $2.3 billion
December 08, 2009 6:50 PM
Deal includes outlet shopping mall in Williamsburg
Commercial real estate round up
December 07, 2009 4:49 PM
An office products company leaves Chantilly for larger quarters in Dulles. Meanwhile, hospital expansion continues in Virginia. This and other real estate news from around the state:
Four new enterprise zones created
December 07, 2009 1:56 PM
Gov. Timothy M. Kaine announced Monday the creation of four Virginia Enterprise Zone designations that offer incentives for business investment.
Babcock & Wilcox headquarters to move to Charlotte
December 07, 2009 12:39 PM
Babcock & Wilcox Co. announced Monday that it will become a publicly traded company and move its headquarters from Lynchburg to Charlotte, N.C., but only a few jobs will leave the Lynchburg area.
Kaine announces $1 million grant to expand broadband in Northampton
December 04, 2009 11:35 AM
Northampton County will receive $1 million in federal stimulus funds to expand broadband, creating 20 jobs.
Virginia investigates Salahis’ business entity
December 03, 2009 4:25 PM
Virginia has launched an investigation into a business entity run by Michaele and Tareq Salahi, according to The Washington Post. The Virginia couple created a storm of controversy last week when they attended a White House state dinner without having an invitation.