Senate committee predicts $3.2 billion shortfall
November 21, 2008 11:44 AM
A new state Senate Finance Committee report predicts the shortfall for Virginia’s biennial budget could reach $3.2 billion, rather than the $2.5 billion Gov. Timothy M. Kaine predicted last month.
Sabra Dipping Co. to open manufacturing plant in Chesterfield
November 20, 2008 11:19 AM
Sabra Dipping Co. plans to open a new manufacturing facility in Chesterfield County, creating an estimated 260 jobs by mid-2010.
Developer moves ahead with plans to redevelop prime mall site in Chesterfield
November 19, 2008 5:58 PM
Developer moves ahead with plans to redevelop Cloverleaf Mall
Areva delays construction of new building
November 19, 2008 11:30 AM
Nuclear company Areva said it would delay construction of its new office building in Lynchburg because of the current economic crisis, according to The News & Advance.
Deal to purchase Alpha Natural Resources falls through
November 18, 2008 11:16 AM
A deal to purchase Abingdon coal miner Alpha Natural Resources has fallen through.
Genworth reaches agreement to buy savings bank
November 17, 2008 11:29 AM
Genworth Financial, a Richmond-based life and mortgage insurer, has made a deal to buy a savings bank in an effort to become eligible for financial help under the $700 billion congressional bailout.
Richmond-based Chesapeake Corp. may file for bankruptcy
November 14, 2008 11:39 AM
Packaging company Chesapeake Corp. announced Thursday it may be required to file for bankruptcy protection while it restructures its finances.
APM Terminals makes Portsmouth its Americas headquarters
November 14, 2008 11:37 AM
APM Terminals is relocating its Americas headquarters to Portsmouth, where last year it opened a $450 million marine terminal.
Genworth struggles continue
November 12, 2008 12:07 PM
Genworth Financial Inc.’s troubles continued Tuesday after one of its units revealed it was no longer eligible to participate in a federal program to sell commercial paper, a source of short-term capital for companies.