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  • SAIC tops Street 4Q forecasts Tuesday, 31 Mar 2015 | 7:03 AM ET

    MCLEAN, Va. _ Science Applications International Corp. on Tuesday reported fiscal fourth-quarter profit of $36 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share. Three analysts surveyed by Zacks expected $940 million.

  • NEW ORLEANS— With a hearing scheduled to decide how much money thousands of people are owed for Chinese drywall damage to their homes, the manufacturer has made payments required to participate, including $3.2 million to seven homeowners in Virginia. The April 28 hearing will determine damages to as many as 4,000 homes built or repaired in Virginia, Florida,...

  • Volvo Cars plans to open its first US plant Monday, 30 Mar 2015 | 12:58 PM ET

    The $500 million plant will be Volvo's first car plant in North America. Volvo has been owned by Chinese automaker Geely Holding since 2010. It currently has two plants in Europe and two in China. Volvo CEO Hakan Samuelsson said the decision to open a U.S. plant highlights Volvo's long-term commitment to the U.S. market.

  • RICHMOND, Va.— A state board has approved a $361,000 fine against CSX Transportation for a 2014 derailment in Lynchburg that spilled Bakken crude oil into the James River. The Virginia Department of Environmental Quality proposed the fine in a consent order that CSX approved. The Richmond Times-Dispatch reported that the State Water Control Board approved...

  • WASHINGTON, March 27- A U.S. judge on Friday decided not to require prison time for two former Credit Suisse Group AG bankers who pleaded guilty to helping U.S. customers evade taxes by using Swiss accounts. U.S. District Court Judge Gerald Lee sentenced Andreas Bachmann and Josef Dorig to serve five years of unsupervised probation and ordered them to pay fines.

  • Prosecutors in U.S. District Court in Alexandria recommended probation for the two men, Andreas Bachmann and Josef Dorig. The two were among eight former employees of Zurich- based Credit Suisse and its subsidiaries who were indicted in 2011. The other six remain at large. Last year, Credit Suisse pleaded guilty to aiding U.S. tax evaders and agreed to pay about...

  • March 26- Personal information gathered by RadioShack Corp from shoppers is not included in its sale, the consumer privacy ombudsman in the electronics retailer's bankruptcy case said in response to concerns shared by several states that the data could be sold. Her letter came as Oregon and Pennsylvania on Wednesday joined Texas and Tennessee in objecting...

  • BIRMINGHAM, Ala.— Embracing proposed new rules aimed at payday lenders, President Barack Obama on Thursday said working families need protections from heavy debt burdens and warned Republicans that he would veto attempts to unravel regulations that govern the financial industry. Obama praised the Consumer Financial Protection Bureau for its proposal to...

  • In Washington, U.S. State Department spokesman Jeff Rathke identified Robert Oliver as the third American citizen killed in the crash. He provided no further details Thursday, but Oliver's parents told Spain's La Sexta television channel their son lived in Barcelona and worked for the Desigual clothing company based in Spain's second-largest city.

  • Watchdog says senior Homeland official broke no laws Thursday, 26 Mar 2015 | 3:14 AM ET

    WASHINGTON— A senior Obama administration official violated agency ethics policies but did not break any laws when he intervened in three visa cases involving foreign investors with ties to prominent Democrats, a government watchdog told Congress Thursday. The Homeland Security Department's now deputy secretary used his post as head of the department's...

  • House Roll Call: Republicans approve conservative budget Wednesday, 25 Mar 2015 | 7:19 PM ET

    The 228-199 roll call Wednesday by which the House passed a conservative budget that relies on nearly $5 trillion in cuts to eliminate deficits over the next decade, calls for repealing the health care law and envisions transformations of the tax code and Medicare. Republicans— Aderholt, Y; Brooks, Y; Byrne, Y; Palmer, Y; Roby, Y; Rogers, Y. Republicans— Crawford, N; Hill, Y;...

  • Hampton Roads posts 4Q profit Wednesday, 25 Mar 2015 | 4:18 PM ET

    VIRGINIA BEACH, Va. _ Hampton Roads Bankshares Inc. on Wednesday reported net income of $998,000 in its fourth quarter. The bank, based in Virginia Beach, Virginia, said it had earnings of 1 cent per share. Keywords: Hampton Roads Bankshares, Earnings Report.

  • Feds investigate safety of Lumber Liquidators flooring Wednesday, 25 Mar 2015 | 10:11 AM ET

    The agency is working with other federal organizations such as the Environmental Protection Agency, the Centers for Disease Control and Prevention, as well as the Federal Trade Commission. The move comes after a report on CBS' "60 Minutes" earlier this month that said that Lumber Liquidators' laminate flooring made in China contains high levels of formaldehyde,...

  • Justices revive ex-UPS worker's pregnancy bias lawsuit Wednesday, 25 Mar 2015 | 10:06 AM ET

    WASHINGTON— The Supreme Court gave a former UPS driver another chance Wednesday to prove her claim of discrimination after the company did not offer her lighter duty when she was pregnant. The justices on Wednesday sided 6-3 with former driver Peggy Young in throwing out lower court rulings that rejected her lawsuit. Atlanta- based UPS Inc. maintained that it...

  • Legislator looks to cap scallop harvest as fishery grows Wednesday, 25 Mar 2015 | 9:54 AM ET

    PORTLAND, Maine— A state legislator wants to put a cap on the amount of Maine scallops that fisherman can harvest, even as the rebounding fishery is growing in volume and value a decade after crashing. The plan has sent waves through Maine's scallop industry, where harvesters wonder what the proposed restrictions would mean for catch and dealers speculate what...

  • Leidos tops 4Q profit forecasts Wednesday, 25 Mar 2015 | 6:42 AM ET

    RESTON, Va. _ Leidos Holdings Inc. on Wednesday reported fiscal fourth-quarter profit of $44 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. Leidos expects full-year earnings in the range of $2.20 to $2.45 per share, with revenue in the range of $4.6 billion to $5 billion.

  • Homeland Security No. 2 accused of improper influence Tuesday, 24 Mar 2015 | 1:58 PM ET

    WASHINGTON— The No. 2 official at the Homeland Security Department improperly intervened on behalf of foreign investors seeking U.S. visas in three cases involving prominent Democrats, including a company run by the youngest brother of likely Democratic presidential candidate Hillary Rodham Clinton, the agency's inspector general said Tuesday.

  • BECKLEY, W. Va., March 24- The former chief executive of Massey Energy Co pleaded not guilty on Tuesday to a revised federal indictment arising from a 2010 West Virginia coal mine explosion that killed 29 miners. The former chief executive, Donald Blankenship, entered his plea in U.S. District Court for the Southern District of West Virginia. Massey was acquired in...

  • Organic food company Amy's Kitchen has voluntarily recalled about 74,000 cases of frozen and prepackaged products containing spinach. The company reports it has not had any complaints of illnesses from the products being recalled in the United States and Canada. The 12- ounce product was sold in the frozen food department of the company's 85 stores in New...

  • Earnings for life insurers slid 11 percent in the most recent quarter, according to Moody's Investors Service, and long-term care was the chief culprit. Four of the five largest providers— including Manulife and MetLife— have either scaled back their business or stopped selling new policies, according to Moody's. The largest provider, Genworth Financial,...