Congressman Jim Moran proposed a measure designed to provide an additional $25 to lawmakers every day they work in Washington.» Read More
WASHINGTON, April 24- In an unusual move, three top officials with the U.S. Federal Trade Commission on Thursday came out in opposition to laws that ban automakers like Tesla Motors Inc from selling their automobiles directly to consumers. Such laws are currently in place in Arizona, Maryland, New Jersey, Texas and Virginia.
RICHMOND, Va.— Altria Group Inc.' s first-quarter profit dropped 15 percent as the Marlboro maker sold fewer cigarettes and its year-ago results benefited from lower expenses from a longstanding legal settlement.
WASHINGTON, April 23- U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and cost-cutting have kept profits flowing, and growing.
The Dow Jones index that tracks the 10 biggest aerospace and defense companies rose 1.75 percent, driven by gains in shares of Lockheed Martin Corp, General Dynamics Corp, and Northrop Grumman Corp, which all reported higher profit and earnings per share this week.
MCLEAN, Va.— Gannett Co. said Wednesday that its first-quarter net profit dropped 43 percent, pulled down by restructuring costs, but its adjusted profit managed to beat Wall Street predictions by a penny.
NEWPORT NEWS, Va.— Virginia's largest industrial employer signed an agreement with Old Dominion University on Wednesday to allow some of its apprentices to earn a bachelor's degree while they complete their apprenticeship program.
That little voice nagging you to put down the cake and lace up the running shoes is increasingly coming from your employer and is likely to grow louder with a looming change under the federal health care overhaul. More companies are starting or expanding wellness programs that aim to reduce their medical costs by improving their employees' health.
WASHINGTON— The nation's tobacco companies and the Justice Department are including media outlets that target more of the black community in court-ordered advertisements that say the cigarette makers lied about the dangers of smoking, according to a brief filed in U.S. District Court in Washington on Wednesday.
WASHINGTON— The Supreme Court on Wednesday rejected a plea to make it easier for victims of child pornography to collect money from people who view their images online, throwing out a nearly $3.4 million judgment in favor of a woman whose childhood rape has been widely seen on the Internet.
OMAHA, Neb.— Norfolk Southern's first-quarter profit fell 18 percent as severe winter weather slowed the railroad's shipments and coal revenue dropped 15 percent.
RICHMOND, Va.— Reynolds American Inc.' s first-quarter profit fell more than 28 percent as the company sold fewer cigarettes and spent more on expanding its electronic cigarette brand and legal costs.
RALEIGH, N.C.— Duke Energy told North Carolina lawmakers Tuesday that removing all of the company's coal ash away from the state's rivers and lakes would take decades and cost up to $10 billion, with its electricity customers likely footing nearly all the bill.
The Food and Drug Administration will propose rules for e-cigarettes as early as this month. Regulators aim to answer the burning question posed by Kenneth Warner, a professor at the University of Michigan School of Public Health: "Is this going to be the disruptive technology that finally takes us in the direction of getting rid of cigarettes?"
The major sticking points between Japan and the U.S. have to do with removing tariffs on agricultural products such as rice, beef, dairy products and sugar that Japan has long protected from foreign competition, Japanese media reported. Japanese carmakers exported 4,731 vehicles per day to the U.S. last year, while Japan imported less than 62 per day.
Research by a Navy laboratory in Groton is now leading to changes for the undersea fleet. Military scientists concluded submarine sailors, who traditionally begin a new workday every 18 hours, show less fatigue on a 24- hour schedule, and the Navy has endorsed the findings for any skippers who want to make the switch.
As NASA describes on its website, while under pressure during the U.S.-Soviet space race, Houbolt was the catalyst in securing U.S. commitment to the science and engineering theory that eventually carried the Apollo crew to the moon and back safely.
RICHMOND, Va.— The Virginia Employment Commission says the state's jobless rate rose slightly to 5 percent in March. Virginia had seen its jobless rate decline for seven consecutive months, reaching its lowest rate in February since November 2008.
NEW YORK— A wealthy hotel executive and Democratic fundraiser who supported Hilary Clinton for president pleaded guilty Thursday to charges he secretly funneled more than $180,000 in illegal campaign contributions to three unnamed candidates and coached someone to lie about it.
Richmond, Va.- based Universal Corp. is opening a new juice and dehydration facility in North Carolina that will initially focus on sweet potatoes. The new subsidiary, Carolina Innovative Food Ingredients Inc., expects to invest about $20 million over two years into the facility.
RICHMOND, Virginia— Philip Morris International's first-quarter profit dropped nearly 12 percent as cigarette sales fell in the overseas markets that it serves and it was hurt by foreign exchange rates for the U.S. dollar.