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  • Reynolds' net rises on higher cigarette prices Tuesday, 21 Oct 2014 | 7:42 AM ET

    The Winston-Salem, North Carolina- based company said its profit rose to $467 million, or 88 cents per share, for the quarter which ended Sept. 30, up from $457 million, or 84 cents per share, in the same quarter last year. Reynolds' adjusted earnings of 95 cents per share beat expectations for 91 cents per share, according to Zacks Investment Research.

  • Final arguments set in NJ eminent domain case Tuesday, 21 Oct 2014 | 2:54 AM ET

    ATLANTIC CITY, N.J.— A Superior Court judge was scheduled to hear final arguments in an eminent domain case between a New Jersey man and the Casino Reinvestment Development Authority. The Atlantic City piano-tuner uses the first floor of the building, which sits in the shadow of the closed Revel Casino Hotel, for his business and rents the top two floors to tenants.

  • Lorillard CEO to get $44M after Reynolds merger Monday, 20 Oct 2014 | 12:21 PM ET

    RICHMOND, Va.— The CEO of Newport cigarette maker Lorillard Inc. is set to receive more than $44 million following the planned $25 billion merger with Reynolds American Inc., regulatory filings show. Murray Kessler is one of several Lorillard executives to receive compensation if they're terminated after the deal closes, according to a filing with the...

  • NEW YORK, Oct 20- Equity markets worldwide edged higher on Monday, lifted by gains in Japanese shares, while mixed performance in U.S. stocks after IBM's quarterly results disappointed helped keep safe-haven U.S. While European technology shares sagged and the IBM results weighed on the Dow, Japan's Nikkei average surged 4 percent, underpinned by news that...

  • Property fight goes on, even after Revel's closing Monday, 20 Oct 2014 | 9:55 AM ET

    ATLANTIC CITY, N.J.— A New Jersey man battling the state to save his family home in the shadow of the closed Revel Casino Hotel may soon get a resolution to his eminent domain fight. A Superior Court judge is scheduled to hear final arguments in Charlie Birnbaum's case against the Casino Reinvestment Development Authority on Tuesday, though it's unclear when a...

  • NVR misses 3Q profit forecasts Monday, 20 Oct 2014 | 9:06 AM ET

    RESTON, Va. _ NVR Inc. on Monday reported net income of $90.2 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $21.46 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Gannett Co. tops 3Q net income expectations Monday, 20 Oct 2014 | 8:27 AM ET

    MCLEAN, Va.— Gannett Co. on Monday reported third-quarter earnings of $118.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. Gannett Co. shares have fallen slightly more than 6 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 2 percent.

  • Hedge fund seeks board seats at Family Dollar Friday, 17 Oct 2014 | 5:35 PM ET

    Family Dollar Stores Inc. accepted an $8.5 billion cash and stock buyout offer from fellow discounter Dollar Tree in July. Family Dollar said previously that regulators are less likely to raise antitrust concerns in a deal with Dollar Tree. Elliott Management said that Family Dollar missed a chance to get Dollar General and Dollar Tree into a bidding war.

  • Judge: Ex-soldier should pay fees to Burger King Thursday, 16 Oct 2014 | 9:31 PM ET

    HONOLULU— A federal magistrate judge is recommending that a former soldier suing Burger King for swallowing needles in a sandwich pay attorneys' fees and costs to the defendants for not showing up at a settlement conference. Burger King had filed a motion asking for sanctions against Clark Bartholomew because he didn't show up at last month's conference in...

  • Capital One shares fall as 3Q profit disappoints Thursday, 16 Oct 2014 | 7:11 PM ET

    MCLEAN, Va.— A bigger buffer against loan losses weighed on Capital One Financial Corp.' s third-quarter earnings. The McLean, Virginia- based company said Thursday that it had profit of $1.08 billion, or $1.86 per share. Analysts expected $5.54 billion, according to Zacks Investment Research.

  • Capital One trails St on higher loan loss provision Thursday, 16 Oct 2014 | 6:13 PM ET

    Capital One Financial reported a lower-than-expected profit as it set aside more money to cover soured loans.

  • *Third-quarter net profit $1.86/ share vs est $1.94. Oct 16- Capital One Financial Corp, one of the largest credit card issuers in the United States, reported a lower-than-expected quarterly profit as it set aside more money to cover soured loans. The company's net income attributable to shareholders fell 2.9 percent to $1.06 billion, or $1.86 per share, for the...

  • Capital One shares fall as 3Q profit disappoints Thursday, 16 Oct 2014 | 4:31 PM ET

    MCLEAN, Va.— Capital One Financial Corp. on Thursday reported earnings of $1.08 billion in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share. Analysts expected $5.54 billion, according to Zacks.

  • Va. aquacultures sales rise, operations decline Thursday, 16 Oct 2014 | 1:11 PM ET

    RICHMOND, Va.— Aquaculture sales in Virginia have increased despite a decline in the number of commercial operations. The census conducted by the U.S. Department of Agriculture's National Agriculture Statistics Service shows that mollusks accounted for more than half of the sales. Spencer Neale with the Virginia Farm Bureau Federation says aquaculture...

  • *US military aerospace firm, 2 other contractors hit. AMSTERDAM, Oct 16- A surge in malware disguised as online advertisements aimed at unsuspecting web users has hit major U.S. military contractors in the past few weeks, marking a dangerous twist on a decade-old scourge for advertisers, security researchers said on Thursday. Researchers from Fairfax, Virginia-...

  • Average gas price in Va. drops below $3 a gallon Thursday, 16 Oct 2014 | 12:34 PM ET

    RICHMOND, Va.— The average price for a gallon of gasoline in Virginia has dropped below $3 a gallon. AAA Mid-Atlantic says the average statewide price on Thursday was $2.98, compared to $3.14 in September and $3.16 a year ago. The Norfolk area's average price was $3.02 a gallon, down from $3.16 in September.

  • GOP's Gillespie ditches ads in Senate race in Va. Thursday, 16 Oct 2014 | 11:06 AM ET

    RICHMOND, Va.— Ed Gillespie has one of the sharpest political instincts of any of the Republicans' recruits for Senate races this year. But that and a thick Rolodex of GOP donors haven't helped him close a massive campaign cash deficit against incumbent Virginia Sen. While a handful of competitive Senate races have gained national attention and millions of...

  • No time to cook? Maybe a cyber sous chef can help Thursday, 16 Oct 2014 | 10:33 AM ET

    "The idea came out of a need my co-founders and I had in our own lives," says Matt Salzberg, co-founder and CEO of Blue Apron, a 2- year-old New York startup that delivers high-end, pre-measured ingredients to your doorstep. Supermarkets and even online giants such as Amazon and Google deliver groceries. "All these companies make the promise, whether explicit or not, of...

  • Philip Morris Int'l 3Q profit falls 8 percent Thursday, 16 Oct 2014 | 7:15 AM ET

    RICHMOND, Va.— Philip Morris International's third-quarter profit dropped 8 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. The seller of Marlboro and other cigarette brands outside the United States said Thursday that it earned $2.15 billion, or $1.38 per share, in the quarter,...

  • Orbital Sciences tops 3Q net income expectations Thursday, 16 Oct 2014 | 6:18 AM ET

    DULLES, Va. _ Orbital Sciences Corp. on Thursday reported earnings of $21.2 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share. Orbital Sciences expects full-year earnings in the range of $1.20 to $1.25 per share, with revenue in the range of $1.35 billion to $1.38 billion.