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.
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.
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.
House panel passes tobacco regulation
March 05, 2009 10:54 AM
A House panel passed a sweeping tobacco regulation bill Wednesday, putting it on pace for passage by the full House far earlier in the congressional session than last year.
SPARTA Composite Products to create 198 jobs in Suffolk
March 04, 2009 11:34 AM
SPARTA Composite Products is planning to spend $13.2 million to create a manufacturing facility that will create 198 jobs over a five-year period starting in late 2009.
Sunrise Senior Living warns of possible bankruptcy
March 03, 2009 11:26 AM
Sunrise Senior Living reported a $305.6 million loss in the fourth quarter and warned it may need to restructure its business under bankruptcy protection.
Virginia companies spend big bucks to sway federal government
March 01, 2009 2:00 AM
Ten of Virginia's top 20 revenue-producing public companies combined to spend more than $100,000 a day lobbying the federal government last year, records show.