Uranium study likely to be adopted
October 15, 2008 11:32 AM
State Del. Terry R. Kilgore, R-Scott County, announced Tuesday that the state's Coal and Energy Commission would meet Nov. 6 and likely approve a study of uranium mining in Virginia.
DuPont purchases Virginia Beach-based Coastal Training Technologies Corp.
October 15, 2008 11:30 AM
Delaware-based DuPont has purchased Virginia Beach-based Coastal Training Technologies Corp., a producer of training programs. The acquisition will help DuPont grow its Safety Resources Group.
Bush announces $250 billion investment in banks
October 14, 2008 11:39 AM
Roundup: Bush outlines plan to spend $250 billion on banks; Qimonda to cut 1,200 jobs; Major services cuts coming for Prince William
Fed approves purchase of Wachovia
October 13, 2008 11:33 AM
The Federal Reserve approved Wells Fargo’s $11.7 billion purchase of Charlottes, N.C.-based Wachovia. Wells Fargo, based in San Francisco, wants to complete the sale by the end of the year.
Citigroup drops Wachovia bid
October 10, 2008 11:39 AM
Roundup: Citigroup announced it would end its bid for Wachovia, paving the way for Wells Fargo to purchase all of Wachovia for $15 billion; Jenmar to create 50 new jobs in Giles County; U.S. government considers bank investments
Virginia stocks fall along with Dow’s plunge
October 09, 2008 6:48 PM
The Dow Jones Industrial Average plunged 679 points in late-afternoon trading as the U.S. Treasury’s proposal to invest in bank assets failed to soothe investors. Virginia stocks plummeted as well.
Prince William considers land use plan based around mass transit
October 09, 2008 11:32 AM
Roundup: Prince William County officials are considering a new land-use design for the county, creating 25 walkable communities based around mass transit; Virginia housing officials are meeting to decide how to spend $46 million in federal aid to slow foreclosures
Fed cuts key rate to 1.5 percent
October 08, 2008 10:26 AM
Roundup: The Federal Reserve ordered an emergency interest rate cut Wednesday morning in coordination with other global central banking authorities; Gateway Financial Holdings to recoup some Freddie, Fannie losses through federal tax benefits