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  • RICHMOND, Va.— It's a key part of being Virginia's governor: using cash, tax breaks or other incentives to lure companies to expand or relocate in the Old Dominion. A new report released Monday by the House Appropriations Committee shows that ongoing incentive programs have grown 84 percent since fiscal 2010 and have totaled $463 million. McAuliffe is asking for...

  • WASHINGTON— Federal judges have overturned decisions by the Department of Veterans Affairs to demote two senior officials accused of manipulating the agency's hiring system for their own gain. The VA demoted Kimberly Graves and Diana Rubens last month. Rubens earns $181,497 as director of the Philadelphia regional office for the Veterans Benefits...

  • NEW YORK— Lumber Liquidators will pay more than $13 million for illegally importing hardwood flooring, after the company pleaded guilty to environmental crimes last year. The Department of Justice said that Lumber Liquidators made hardwood floors in China from illegally cut Mongolian oak trees in Russia. Lumber Liquidators, which was sentenced Monday in...

  • CarMax CEO Thomas Folliard retiring Monday, 1 Feb 2016 | 8:29 AM ET

    NEW YORK— Used-car retailer CarMax Inc. on Monday said that CEO Thomas J. Folliard plans to retire at the end of 2016 and is expected to be replaced by William D. Nash. William C. Wood, currently executive vice president of stores, is being promoted to chief operating officer. The board of the Richmond, Virginia, company said it expects Folliard to continue serving as...

  • NEW YORK— Dominion Resources will spend approximately $4.4 billion to acquire Questar in a big reach to the West for the East Coast energy company. Questar is in the Rockies and a principal source of gas supply to Western states. Questar shareholders will receive $25 per share, a 23 percent premium to its Friday closing price of $20.39.

  • Dominion Midstream beats 4Q profit forecasts Monday, 1 Feb 2016 | 7:22 AM ET

    RICHMOND, Va. _ Dominion Midstream Partners LP on Monday reported fourth-quarter net income of $14.6 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. Dominion Midstream shares have decreased 9 percent since the beginning of the year.

  • Dominion misses 4Q profit forecasts Monday, 1 Feb 2016 | 7:21 AM ET

    RICHMOND, Va. _ Dominion Resources Inc. on Monday reported fourth-quarter net income of $357 million. The Richmond, Virginia- based company said it had net income of 60 cents per share. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.

  • ASBURY PARK, N.J.— Officials from several New Jersey shore towns joined with some members of the state's congressional delegation Sunday to oppose federal plans that would allow oil and gas drilling in the Atlantic Ocean. Bob Menendez and Cory Booker and Rep. Frank Pallone, all Democrats, were among those who cited a potential for "catastrophic" oil spills that...

  • Jan 29- A Washington state school administrator has lost a high-profile bid to suppress evidence against him secured by the FBI during an operation in which it secretly ran one of the Internet's largest child pornography websites in order to catch its users. District Judge Robert Bryan in Tacoma, Washington, on Thursday rejected arguments by Jay Michaud, one of...

  • TowneBank posts 4Q profit Friday, 29 Jan 2016 | 9:50 AM ET

    PORTSMOUTH, Va. _ TowneBank on Friday reported fourth-quarter net income of $12.5 million. The Portsmouth, Virginia- based bank said it had earnings of 24 cents per share. TowneBank shares have fallen roughly 10 percent since the beginning of the year.

  • WASHINGTON, Jan 27- Aircraft parts maker Spirit AeroSystems Holdings Inc is interviewing several candidates for the position of chief operating officer as part of a succession plan for Chief Executive Officer Larry Lawson, according to two people familiar with the matter. Spirit spokeswoman Debbie Gann said the company never commented on personnel...

  • Jan 26- Airlines, hotels and cruise operators serving Latin America and the Caribbean are facing growing concern among travelers who had planned to visit countries potentially affected by Zika after the World Health Organization warned the virus is likely to spread to most of the Americas. Canada and Chile are the only countries in the Americas the virus is...

  • UPDATE 1-Sprint slashes 2,500 jobs to cut costs Monday, 25 Jan 2016 | 4:08 PM ET

    Jan 25- Sprint Corp has axed at least 2,500 jobs across six customer care centers and its Kansas headquarters as part of its plan to cut $2.5 billion in costs, a company spokeswoman said on Monday. The job cuts, mostly in customer care, also include 574 positions at Sprint's headquarters at Overland Park, Kansas, Sprint spokeswoman Michelle Boyd said.

  • NEW YORK/ WASHINGTON, Jan 23- A blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday, bringing Washington to a standstill and forcing the closure of roads, bridges and tunnels into New York until Sunday morning. It ranked No. 3 in terms of snowfall accumulation in New York City history with at least 25.1 inches, and was among Washington's...

  • NEW YORK/ WASHINGTON, Jan 23- A blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday, bringing Washington to a standstill and forcing the closure of roads, bridges and tunnels into New York until Sunday morning. At least 13 people have been killed in weather-related car crashes in Arkansas, North Carolina, Kentucky, Ohio, Tennessee and...

  • NEW YORK/ WASHINGTON, Jan 23- A blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday, bringing the nation's capital to a standstill and forcing the closure of roads, bridges and tunnels into New York, the largest city in the country. At least 13 people have been killed in weather-related car crashes in Arkansas, North Carolina, Kentucky, Ohio,...

  • NEW YORK/ WASHINGTON, Jan 23- A monster blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday as it barreled into New York City, forcing the closure of all bridges and tunnels into the largest U.S. city and prompting a travel ban on area highways. At least 13 people have been killed in weather-related car crashes in Arkansas, North Carolina,...

  • *Record tides cause major flooding in New Jersey, Delaware. NEW YORK/ WASHINGTON, Jan 23- A monster blizzard that has paralyzed the U.S. East Coast intensified on Saturday afternoon as it barreled into New York City, prompting a travel ban on area highways as high winds whipped up record-setting tides in New Jersey and Delaware. New York Governor Andrew Cuomo...

  • Bloomberg weighs White House bid, may spend $1B Saturday, 23 Jan 2016 | 10:40 AM ET
    Mayor Michael Bloomberg

    Galled by Donald Trump and troubled by Hillary Clinton, NY's former billionaire mayor may launch a White House bid, The NY Times reports.

  • Jan 22- A group of 11 banks agreed to pay more than $63 million to settle allegations that they misled the Commonwealth of Virginia and its retirement system about residential mortgage backed-securities, Attorney General Mark R. Herring said on Friday. The banks, which include two Bank of America Corp units, Morgan Stanley and a unit of the Royal Bank of Scotland...