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Top News & Analysis Virginia

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  • Aug 3- Alpha Natural Resources Inc, one of the largest U.S. coal companies, became the latest in the hard-hit industry to seek bankruptcy on Monday. Walter Energy Inc and Patriot Coal Corp also filed for bankruptcy protection this year. Energy Future Holdings Corp, a power company that also has a large coal mining business, has been in bankruptcy since 2014..

  • Aug 3- Coal miner Alpha Natural Resources Inc became the latest company to file for Chapter 11 bankruptcy due to a steep fall in coal prices. Walter Energy Inc and Patriot Coal Corp filed for bankruptcy protection earlier this year. The company and its affiliates operate more than 50 underground and surface mines, and more than 20 coal preparation facilities in...

  • Alpha Natural and its affiliates operate more than 50 underground and surface mines, and more than 20 coal preparation facilities in Virginia, Kentucky, West Virginia, Pennsylvania and Wyoming.

  • President Barack Obama's healthcare reform law has helped fuel adoption of these arrangements. Baltimore- based CareFirst said growth in overall medical spending slowed to a rate of 2 percent, compared with annual increases averaging 7.5 percent before the program began in 2011.. CareFirst's medical home program covers just under 1.1 million people,...

  • President Barack Obama's healthcare reform law has helped fuel adoption of these arrangements. Baltimore- based CareFirst said growth in overall medical spending slowed to a rate of 2 percent, compared with annual increases averaging 7.5 percent before the program began in 2011.. CareFirst's medical home program covers just under 1.1 million people,...

  • July 28- Paymap Inc, a unit of Western Union Co, agreed to pay $38.4 million to settle U.S. regulatory charges that it deceived consumers into signing up for a program advertised as a way to help them pay off their mortgages faster and save on interest payments. The U.S. Consumer Financial Protection Bureau on Tuesday said Paymap, a payment processor, will pay a $5...

  • SEATTLE, July 24- Boeing Co, which loses about $23 million on every 787 Dreamliner passenger jet that leaves the factory, is trying to stem the losses by cutting the use of one of its signature ingredients: titanium. The strong, lightweight alloy used extensively on the 787 costs seven times more than aluminum, and accounts for about $17 million of the cost of the $260...

  • SEATTLE, July 24- Boeing Co, which loses about $30 million on every 787 Dreamliner passenger jet that leaves the factory, is trying to stem the losses by cutting the use of one of its signature ingredients: titanium. The strong, lightweight alloy used extensively on the 787 costs seven times more than aluminum, and accounts for about $17 million of the cost of the $260...

  • WASHINGTON, July 22- Lockheed Martin Corp's decision to buy helicopter maker Sikorsky Aircraft and sell $6 billion in lower-margin units marks a clear turning point for Lockheed CEO Marillyn Hewson, who is shaking up the world's largest weapons maker. Thrust into the CEO job in January 2013 after retiring CEO Robert Stevens' designated successor was fired for...

  • DEALTALK-Spending cuts fuel government contractor M&A Wednesday, 22 Jul 2015 | 12:59 AM ET

    NEW YORK/ WASHINGTON, July 22- Companies that provide the U.S. government with services ranging from air traffic management and data analytics to janitors and trainers for military dolphins are increasingly trying to find buyers for those businesses as cuts in public spending erode profit margins. Showing growing impatience with a declining sector,...

  • WASHINGTON, July 17- Boeing Co said on Friday it will take a $536 million after-tax charge in its second-quarter results to deal with problems in the fuel system on the KC-46A aerial refueling tanker it is developing for the U.S. Air Force. The world's biggest commercial planemaker, which is also a major defense contractor, beat European rival Airbus to win the...

  • SAN FRANCISCO, July 17- When the U.S. Supreme Court upheld same-sex weddings in the same week that South Carolina debated keeping a controversial Civil War battle flag, Twitter user zxTomatoez posted "Gay marriage and the Confederate flag going down everywhere. In the race for the White House in 2016, election campaigns rely on such research to help them tailor...

  • NEW YORK/ BERLIN, July 14- Airplane sales to Iran were cleared for take off after Tehran signed a nuclear agreement with six major powers on Tuesday, opening a potentially significant opportunity for Boeing Co and Airbus Group after decades of isolation. Boeing said it saw a chance to sell planes to renew Iran's fleet of jetliners, which are 23 years old on average,...

  • *Nuclear deal reached between Iran, global powers. NEW YORK, July 14- Stock markets worldwide rose modestly on Tuesday after a landmark nuclear deal between Tehran and six global powers left sanctions on Iran in place for now, spurring gains in energy shares, while expectations for weak corporate results capped U.S. share gains. The deal, which is set to ease...

  • July 11- A passenger and two flight attendants on a United Airlines flight from San Juan, Puerto Rico, were transported to a hospital on Saturday after the plane encountered turbulence during its approach to Washington Dulles International Airport, officials said. A United Airlines spokeswoman said in a statement that Flight 1597 from San Juan to Washington...

  • *Iran desperately need to refresh fleet aged by sanctions. *Airbus and Boeing could be looking at $20 billion of deals. PARIS/ VIENNA, July 10- Western planemakers look set to reap billions of dollars in deals with Iran, if a deal is done on its nuclear programme to allow one of the world's most promising aviation markets to come out of quarantine.

  • Fairfax, Virginia- based SRA, is owned by private equity firm Providence Equity Partners and provides IT and other services to various federal organizations, including defense intelligence agencies. SRA's revenue fell 8 percent to $1.39 billion in the fiscal year ended June 2014, although its losses narrowed to $24.1 million from $317.3 million a year...

  • Federal IT services provider SRA files for U.S. IPO Wednesday, 8 Jul 2015 | 6:27 AM ET

    July 8- SRA Cos Inc, which provides IT services to the U.S. government, filed with U.S. regulators on Wednesday for an initial public offering of common stock. Citigroup and Merrill Lynch, Pierce, Fenner& Smith are the underwriters to the IPO, the company said in a filing with the U.S. Securities and Exchange Commission. The Fairfax, Virginia- based company provides IT...

  • *IMF warns Greece needs debt extension. July 2- U.S. stocks closed down slightly on Thursday after the International Monetary Fund warned Greece ahead of its Sunday referendum that it faces a huge financial hole, and mixed jobs data dampened the U.S. economic outlook. While the IMF was warning that Greece needed an extra 50 billion euros over the next three years to...

  • *Appomattox project set to start production by end of decade. LONDON, July 1- Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water project economical despite low oil prices. The decision to pour billions of dollars into the Appomattox project comes as...