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  • Sheriffs expand concerns about Waze mobile traffic app Wednesday, 28 Jan 2015 | 2:17 PM ET

    WASHINGTON— A law enforcement campaign to compel Google Inc. to disable a feature in its popular Waze traffic app that lets drivers warn others about nearby police activity shifted Wednesday when a sheriffs' organization openly complained that the app not only puts officers' lives at risk, it also interferes with the ability to write speeding tickets.

  • Union Bankshares posts 4Q profit Wednesday, 28 Jan 2015 | 9:15 AM ET

    RICHMOND, Va. _ Union Bankshares Corp. on Wednesday reported fourth-quarter profit of $15.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. The holding company for Union First Market Bank posted revenue of $78 million in the period.

  • Booz Allen beats Street 3Q forecasts Wednesday, 28 Jan 2015 | 8:42 AM ET

    MCLEAN, Va. _ Booz Allen Hamilton Holding Corp. on Wednesday reported fiscal third-quarter profit of $52.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. Analysts expected $1.27 billion, according to Zacks.

  • General Dynamics tops Street 4Q forecasts Wednesday, 28 Jan 2015 | 7:30 AM ET

    FALLS CHURCH, Va. _ General Dynamics Corp. on Wednesday reported fourth-quarter net income of $701 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share. General Dynamics shares have dropped slightly since the beginning of the year, while the Standard& Poor's 500 index has declined slightly more...

  • RICHMOND, Va.— Camel cigarette maker Reynolds American Inc.' s planned $25 billion takeover of Newport seller Lorillard Inc. is moving forward after shareholders approved the deal at special shareholder meetings Wednesday. The transaction, which Reynolds and Lorillard value at about $27 billion including debt, would also create a powerhouse in menthol...

  • TRENTON, N.J.— New Jersey's U.S. senators and two congressmen have denounced a White House draft proposal that would authorize drilling in the Atlantic Ocean. Cory Booker and Robert Menendez and Rep. President Barack Obama's proposal calls for auctioning areas more than 50 miles off Virginia, North and South Carolina, and Georgia to oil companies no earlier than...

  • The 2017 to 2022 drilling plan begins a process that could take many years before waters off the coasts of Virginia, North Carolina, South Carolina or Georgia are cleared for drilling. The administration canceled a lease sale there after BP Plc's deadly explosion and oil spill in the Gulf of Mexico that year. In addition, President Barack Obama took parts of...

  • RICHMOND, Va.— Virginia's jobless rate fell to 4.8 percent in December, marking the state's lowest unemployment rate since October 2008, state and federal officials said Tuesday. Virginia has seen jobless rates of 4.9 percent during several months over the last year. Terry McAuliffe said he welcomed the news about the "strength of the new Virginia economy," but he...

  • WASHINGTON— The Obama administration floated a plan Tuesday that for the first time would open up a broad swath of the Atlantic Coast to drilling, even as it moved to restrict drilling indefinitely in environmentally-sensitive areas off Alaska. The proposal envisions auctioning areas located more than 50 miles off Virginia, North and South Carolina, and...

  • MEXICO CITY— The number of Monarch butterflies that reached wintering grounds in Mexico has rebounded 69 percent from last year's lowest-on-record levels, but their numbers remain very low, according to the World Wildlife Fund. The orange-and-black butterflies are suffering from loss of milkweed habitat in the United States, illegal logging in Mexico and...

  • But for all the flurry of activity in the GOP race, set off last month by former Florida Gov. "I don't think there's this rush that everybody's trying to create here," said Fred Malek, a longtime GOP donor and finance chairman of the Republican Governors Association. "It seems like there needs to be a little more clarity of who's running before people make commitments,"...

  • NEW YORK, Jan 26- A blizzard bearing down on New York hollowed out Wall Street offices on Monday, leaving most investment banks and fund managers with skeleton staffs as many employees opted to work from home. "No one will give me a medal for making it to work after a five-hour commute," said Anurag Bhardwaj, a managing director who works with hedge funds at Barclays...

  • MicroStrategy posts 4Q profit Monday, 26 Jan 2015 | 4:48 PM ET

    TYSONS CORNER, Va. _ MicroStrategy Inc. on Monday reported fourth-quarter profit of $22.7 million. The Tysons Corner, Virginia- based company said it had net income of $1.99 per share. MicroStrategy shares have risen almost 4 percent since the beginning of the year.

  • Stock exchanges including Intercontinental Exchange Inc's New York Stock Exchange unit, Nasdaq OMX Group, and BATS Global Markets said their exchanges were expected to stay open for normal operating hours Monday and Tuesday. NYSE and BATS have backup data centers in Chicago, while Nasdaq's backup is in Ashburn, Virginia. Heavy snowfall has led the NYSE to...

  • CAPE CANAVERAL, Florida— NASA expects to save millions of dollars sending astronauts to the International Space Station, once its commercial crew program starts flying in a couple of years. SpaceX and Boeing said Monday that they are on track to carry out their first manned test flights to the space station in 2017. NASA chose the two private companies last...

  • Lower coal revs hit Norfolk Southern profit Monday, 26 Jan 2015 | 1:24 PM ET
    A file photo of a Norfolk Southern freight train.

    Norfolk Southern expects a solid U.S. economy to boost its business in 2015 but said it was too early to gauge the impact of lower energy prices.

  • CHICAGO, Jan 26- Norfolk Southern Corp, the No. 4 U.S. railroad, expects a solid U.S. economy to boost its business in 2015 but said on Monday it was too early to gauge the overall impact of lower energy prices. Norfolk Southern's fourth-quarter profit was hurt by a 15 percent drop in coal revenue. The Norfolk, Virginia- based company said gains in its intermodal, or...

  • Jan 26- Packaging companies Rock-Tenn Co and MeadWestvaco Corp agreed to form a combined $16 billion company to take on market leader International Paper Co in the United States and abroad. Shares of MeadWestvaco and Rock-Tenn rose to record highs. MeadWestvaco shareholders will have a 50.1 percent stake in the new company, which will be named before the deal...

  • NVR misses Street 4Q forecasts Monday, 26 Jan 2015 | 9:45 AM ET

    RESTON, Va. _ NVR Inc. on Monday reported fourth-quarter earnings of $99.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $25.67 per share. Analysts expected $1.35 billion, according to Zacks.

  • CHICAGO, Jan 26- Norfolk Southern Corp, the No. 4 U.S. railroad, on Monday reported slightly lower fourth-quarter profit due partly to a 15 percent drop in coal revenue. Norfolk Southern said the drop in coal was caused by a weak global export market and fewer shipments of coal to utilities, which resulted in a decrease in freight volumes of 6 percent.