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  • 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.

  • Booze price hike irks Va. consumers, restaurants Thursday, 16 Oct 2014 | 3:56 AM ET

    Terry McAuliffe has directed the Department of Alcoholic Beverage Control to hike the costs of liquor. Virginia saw record alcohol sales of $801 million in the latest fiscal year— the 16th consecutive year of record-breaking sales. "It just makes it harder for consumers to go out and spend money," said Travis Croxton, co-owner of Rappahannock River Oyster Co.,...

  • Va. crop report sees gains in soybeans, cotton Thursday, 16 Oct 2014 | 2:16 AM ET

    RICHMOND, Va.— Soybeans, cotton and peanuts are up, but corn and alfalfa hay are down, according to the latest crop production report for Virginia. The Virginia Department of Agriculture and Consumer Services says the forecasts are based on conditions of Oct. 1. Another signature Virginia crop, peanuts, is expected near 80 million pounds, up 28 percent from last year.

  • Funds to help Va. health care coverage signups Wednesday, 15 Oct 2014 | 2:01 AM ET

    RICHMOND, Va.— Virginia is getting $9.3 million in federal funding to help residents sign up for health insurance. Terry McAuliffe said the money will help hire more than 100 people to help with enrollment that runs from Nov. 15 through Feb. 15. The grant awarded by the Centers for Medicare and Medicaid Services allows Virginia to partner with the Virginia...

  • School group cuts ties with R.J. Reynolds Tobacco Tuesday, 14 Oct 2014 | 7:07 PM ET

    RICHMOND, Va.— In a quick about-face, the National School Boards Association is cutting ties with the nation's second-biggest cigarette maker, R.J. Reynolds Tobacco Co.. In an interview with The Associated Press, the association's executive director, Tom Gentzel, said that following the announcement of the partnership, it became clear that "the debate about...

  • GENEVA/ WASHINGTON, Oct 14- India broke World Trade Organization rules by blocking imports of U.S. poultry and other farm products because of unsubstantiated bird flu fears, a WTO dispute panel ruled on Tuesday, potentially opening up an estimated $300 million a year export market for the United States. India had claimed its import restrictions, imposed in 2007,...

  • Can it be real? Augmented reality melds work, play Tuesday, 14 Oct 2014 | 1:01 AM ET

    NEW YORK— Mark Skwarek is surrounded by infiltrating militants in New York's Central Park. Skwarek is indeed in Central Park. Skwarek has raised over $30,000 on the group fundraising site Kickstarter to launch Semblance Augmented Reality.

  • Business Highlights Monday, 13 Oct 2014 | 6:18 PM ET

    WASHINGTON— Just as their economies had begun to recover from the man-made horror of coups and civil war, the West African nations of Guinea, Liberia and Sierra Leone have been knocked back down by a terrifying force of nature: the Ebola virus. In Conakry, capital of Guinea, stray dogs, goats and sheep are plopping down next to empty stalls in street markets devoid of...

  • NetScout and Alco Stores are big market movers Monday, 13 Oct 2014 | 4:42 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Atlas Energy LP, up $4.84 to $37.25. CSX Corp., up $1.76 to $31.70.

  • Top US, UK regulators do exercise on bank failure Monday, 13 Oct 2014 | 1:44 PM ET

    WASHINGTON— Top U.S. and British bank regulators, including Federal Reserve Chair Janet Yellen, have taken part in an exercise to see how they would handle the failure of a large multinational bank and communicate with each other. Treasury Secretary Jack Lew, U.K. Chancellor of the Exchequer George Osborne and Bank of England Governor Mark Carney.

  • US high court: Who best judges fair competition? Monday, 13 Oct 2014 | 11:10 AM ET

    RALEIGH, N.C.— The U.S. Supreme Court is set to hear a North Carolina case over whether U.S. states can delegate the regulation of professions such as dentistry, plumbing, cosmetology and more to boards of practitioners drawn from those occupations. The specific case before the court involves a 2007 decision by the North Carolina Board of Dental Examiners warning...