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The FBI is looking into the relationship between Virginia Governor Robert McDonnell and a major campaign donor who paid the caterer at his daughter's wedding, reports CNBC's Eamon Javers.
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NEWPORT NEWS, Va.-- A Canadian seafood processing company will spend about $6.6 million to upgrade a facility it owns in Newport News. McDonnell's office says Virginia successfully competed against Georgia and South Carolina for the project. Virginia approved a $250,000 grant from the Governor's Opportunity Fund to assist Newport News in landing the project.
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ARLINGTON, Va.-- Shares of FBR& Co. rose Tuesday after the investment bank opened a modified "Dutch auction" tender offer to buy up to 1.25 million shares, or about 10.6 percent, of its outstanding common stock. The stock will be purchased for between $22.50 and $23.50 per share. FBR shares rose $1.39, or 6 percent, to $23.39 in afternoon trading.
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LOUISVILLE, Ky.-- A longtime coal operator plans to open seven mines in the heart of the eastern Kentucky coalfields in a venture expected to create more than 250 jobs in a hard-pressed region where several thousand mining jobs have disappeared in recent years.
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WASHINGTON, May 20- Water levels in U.S. aquifers, the vast underground storage areas tapped for agriculture, energy and human consumption, between 2000 and 2008 dropped at a rate that was almost three times as great as any time during the 20th century, U.S. officials said on Monday.
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NEW YORK-- James River Coal Co. shares extended their rally Monday on news that the company reached deals to exchange about $243.4 million of existing debt for $123.3 million in new debt, pushing back the maturity of some of it by three years.
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WASHINGTON, May 17- Unemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released on Friday. A handful of states, including Illinois, Delaware, Indiana, Wisconsin, Mississippi and New Hampshire saw their jobless rates rise over the year.
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RICHMOND, Va.-- Shares of James River Coal Co. jumped Friday after the company said it reached deals to exchange about $243.4 million of existing debt for $123.3 million in new debt, pushing back the maturity of some of it by three years.
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NEW YORK-- Shares in companies that do defense contracting work rose across the board Friday on the heels of a huge stock buyback program announced by Northrop Grumman, sending it and others to all-time highs. Shares of General Dynamics are up 22 percent over the past year, Lockheed Martin is up 28 percent, and Raytheon is up 33 percent.
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The traffickers lived modestly and had alleged links to known terrorists, including Omar Abdel-Rahman, the blind cleric serving a life sentence for a conspiracy to blow up New York City landmarks. Arrests also were made in New York City, New Jersey and Delaware.
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HOUSTON-- Stage Stores' first-quarter loss widened as it spent to consolidate some facilities and, like other retailers, struggled to get shoppers out of the house and through their doors in some nasty spring weather.
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FALLS CHURCH, Va.-- Defense contractor Northrop Grumman Corp. said Thursday that its board approved the repurchase of another $4 billion in stock, and it plans to buy back a quarter of its outstanding shares by the end of 2015.. Northrop Grumman had 235.2 million shares as of April 19.
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WILLIAMSBURG, Va.-- Changes in the marketplace have forced the public health community to wrestle with the idea that some tobacco products may pose less of a health risk than others, the new head of the Food and Drug Administration's tobacco control efforts told an industry group on Thursday.
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May 16- Computer Sciences Corp agreed to pay $97.5 million to settle a lawsuit accusing it of defrauding shareholders by hiding a variety of accounting problems.
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The U.S. Chamber of Commerce and other industry groups, along with states such as Texas and Virginia, have filed nine petitions in recent weeks asking the justices to review four U.S. Environmental Protection Agency regulations that are designed to cut greenhouse-gas emissions.
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*Corn from Brazil, Argentina seen going north until August. BUENOS AIRES, May 15- A record 2 million tonnes of South American corn is being sent to the United States this season to compensate for last year's weak harvest, industry sources based in Buenos Aires have told Reuters.
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RICHMOND, Va.-- The president of Virginia Tech announced his retirement Tuesday, satisfied he had elevated the university's reputation and acknowledging that the worst mass shooting in modern U.S. history on his campus would be a part of his legacy.
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KABUL, May 15- U.S. forces in Afghanistan are hoping that a small steel industry can be born from the mammoth task of withdrawing equipment by the end of next year, jump-starting a scrap trade and injecting cash into local businesses.
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May 15- The ranks of lobbyists are growing in Washington again as Congress flirts with a possible overhaul of the complex U.S. tax code.
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BUSH, May 14- The U.S. Navy made aviation history on Tuesday by launching an unmanned jet off an aircraft carrier for the first time, taking an important step toward expanded use of drones by the American military with an eye on possible rivals like China and Iran.
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BUSH, May 14- The U.S. Navy made aviation history on Tuesday by launching an unmanned jet off an aircraft carrier for the first time, taking an important step toward expanded use of drones by the American military with an eye on possible rivals like China and Iran.