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  • RICHMOND, Va.— Rock-Tenn and MeadWestvaco will join forces to create a $16 billion global packaging company, driving down its own costs and possibly gaining the scale to better dictate prices. The new company, which had not been named as of Monday, will have combined sales of $15.7 billion and its board will include eight directors from Rock-Tenn and six directors...

  • MeadWestvaco tops Street 4Q forecasts Monday, 26 Jan 2015 | 6:08 AM ET

    RICHMOND, Va. _ MeadWestvaco Corp. on Monday reported fourth-quarter earnings of $53 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. MeadWestvaco shares have risen 1.5 percent since the beginning of the year, while the Standard& Poor's 500 index has stayed nearly flat.

  • WASHINGTON— Sheriffs are campaigning to pressure Google Inc. to turn off a feature on its Waze traffic software that warns drivers when police are nearby. Waze, which Google purchased for $966 million in 2013, is a combination of GPS navigation and social networking. They are seeking support among other law enforcement trade groups to pressure Google to...

  • KANSAS CITY, Mo.— Twenty-eight oil companies and retailers have agreed to settle litigation claiming customers were knowingly overcharged when gas station fuel temperatures rose, plaintiffs announced Friday. Federal officials earlier consolidated about 50 lawsuits filed since 2006 from consumers across the country in the U.S. District Court in Kansas...

  • LOS ANGELES— A major measles outbreak traced to Disneyland has brought criticism down on the small but vocal movement among parents to opt out of vaccinations for their children. In a rash of cases that public health officials are rushing to contain, at least 70 people in six states and Mexico have fallen ill since mid-December, most of them from California.

  • Richmond- based Dominion Resources is partnering with other utilities to build the $5 billion Atlantic Coast Pipeline, which would cross the Blue Ridge Mountains to deliver gas from Pennsylvania, Ohio and West Virginia. Friday's rally was organized by the Sierra Club and Friends of Nelson, a group of property owners in Nelson County who live along the proposed...

  • Southern National Bancorp posts 4Q profit Thursday, 22 Jan 2015 | 5:10 PM ET

    CHARLOTTESVILLE, Va. _ Southern National Bancorp of Virginia Inc. on Thursday reported fourth-quarter net income of $2 million. Southern National Bancorp shares have dropped nearly 1 percent since the beginning of the year. Keywords: Southern National Bancorp, Earnings Report.

  • American National Bankshares posts 4Q profit Thursday, 22 Jan 2015 | 4:46 PM ET

    DANVILLE, Va. _ American National Bankshares Inc. on Thursday reported fourth-quarter net income of $2.9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. American National Bankshares shares have fallen roughly 10 percent since the beginning of the year.

  • MCLEAN, Va.— Capital One Financial Corp. said Thursday that its net income slipped 8 percent to $999 million in the fourth quarter as it set aside more money to cover credit losses. The McLean, Virginia- based company said it earned $1.73 per share, or $1.68 excluding income from discontinued operations. Zacks Investment Research says analysts expected a larger...

  • Wells Fargo, JPMorgan settle mortgage kickbacks probe Thursday, 22 Jan 2015 | 3:08 PM ET

    WASHINGTON— Wells Fargo and JPMorgan Chase have agreed to pay more than $35 million combined to resolve claims that loan officers at the two banks received kickbacks in exchange for steering mortgage borrowers to a Maryland title company. The Consumer Financial Protection Bureau said Thursday that JPMorgan and Wells Fargo each agreed to consent orders...

  • MeadWestvaco to sell European tobacco carton business Thursday, 22 Jan 2015 | 12:07 PM ET

    RICHMOND, Va.— Packaging company MeadWestvaco Corp. is selling its European-based tobacco folding carton business. MeadWestvaco says the business has annual revenue of about $190 million. Earlier this month, MeadWestvaco announced plans to spin off its specialty chemicals business into a separate, publicly traded company.

  • Family Dollar shareholders approve Dollar Tree takeover Thursday, 22 Jan 2015 | 11:09 AM ET

    Family Dollar shareholders voted on Thursday to approve a takeover bid by rival Dollar Tree, despite higher competing offers from Dollar General. Dollar General's pursuit of Family Dollar is now likely finished. Family Dollar said it rejected Dollar General's bids because it expected that it would be harder to get regulatory approval for the deal even...

  • The workers said in a federal complaint filed Thursday that about 15 African-American employees of some southern Virginia restaurants run by Soweva Co. were fired last May after several white employees were hired. The employees said that McDonald's Corp. controls nearly every aspect of how franchisees operate restaurants, but corporate officials did...

  • Bassett posts 4Q profit Thursday, 22 Jan 2015 | 9:15 AM ET

    BASSETT, Va. _ Bassett Furniture Industries Inc. on Thursday reported fiscal fourth-quarter profit of $3.6 million. The Bassett, Virginia- based company said it had profit of 35 cents per share. For the year, the company reported profit of $9.3 million, or 87 cents per share.

  • LOS ANGELES— A major measles outbreak traced to Disneyland has brought criticism down on the small but vocal movement among parents to opt out of vaccinations for their children. In a rash of cases that public health officials are rushing to contain, at least 70 people in six states and Mexico have fallen ill since mid-December, most of them from California.

  • WASHINGTON, Jan 21- Most U.S. states expect to hit their revenue targets this fiscal year, but at least six states say they could fall short, the National Conference of State Legislatures said on Wednesday. Alaska, Arizona, Kentucky, Massachusetts, Michigan, and Vermont all expect to miss their revenue forecasts, according to the report. New Mexico and Indiana are...

  • Access National posts 4Q profit Wednesday, 21 Jan 2015 | 5:33 PM ET

    CHANTILY, Va. _ Access National Corp. on Wednesday reported fourth-quarter earnings of $3.5 million. Access National shares have risen 6 percent since the beginning of the year. Keywords: Access National, Earnings Report.

  • Cardinal Financial tops Street 4Q forecasts Wednesday, 21 Jan 2015 | 12:36 PM ET

    MCLEAN, Va. _ Cardinal Financial Corp. on Wednesday reported fourth-quarter earnings of $10.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. Cardinal Financial shares have decreased roughly 9 percent since the beginning of the year.

  • WASHINGTON, Jan 21- The U.S. Supreme Court on Wednesday ruled that a former air marshal can seek whistleblower protections for disclosing sensitive information to the news media about the absence of security officers on certain flights. On a 7-2 vote, the court rejected the arguments made by President Barack Obama's administration, which was seeking to...

  • PITTSBURGH— Ralph Martin, the chief executive of the company that publishes the Pittsburgh Tribune-Review, has resigned to become CEO of Civitas Media. Besides the Tribune-Review, the company publishes six other dailies and more than 20 weekly newspapers across western Pennsylvania. Martin said he considered making a change following the death July 4 of...