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Top News & Analysis Virginia

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  • Owens & Minor beats 2Q profit forecasts Monday, 27 Jul 2015 | 5:57 PM ET

    MECHANICSVILLE, Va. _ Owens& Minor Inc. on Monday reported second-quarter net income of $24.2 million. Owens& Minor expects full-year earnings in the range of $1.85 to $1.95 per share. Owens& Minor shares have fallen slightly more than 3 percent since the beginning of the year.

  • MicroStrategy beats 2Q profit forecasts Monday, 27 Jul 2015 | 4:30 PM ET

    TYSONS CORNER, Va. _ MicroStrategy Inc. on Monday reported second-quarter net income of $22.5 million, after reporting a loss in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share. MicroStrategy shares have increased nearly 10 percent since the beginning of the year.

  • AvalonBay reports 2Q results Monday, 27 Jul 2015 | 4:24 PM ET

    ARLINGTON, Va. _ AvalonBay Communities Inc. on Monday reported a key measure of profitability in its second quarter. The average estimate of 14 analysts surveyed by Zacks Investment Research was for funds from operations of $1.92 per share. Seven analysts surveyed by Zacks expected $450.8 million.

  • OMAHA, Neb.— Norfolk Southern's 23 percent drop in second-quarter profit follows the same story line as other railroads seeing a sharp decline in coal shipments. Norfolk Southern posted $433 million net income, or $1.41 per share. Norfolk Southern's revenue decreased 11 percent to $2.71 billion because coal volume fell 21 percent and total volume declined 2...

  • Norfolk Southern misses Street 2Q forecasts Monday, 27 Jul 2015 | 8:06 AM ET

    NORFOLK, Va. _ Norfolk Southern Corp. on Monday reported second-quarter earnings of $433 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share. Norfolk Southern shares have declined 24 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 1 percent.

  • NEW YORK— McGraw Hill Financial, owner of ratings agency Standard& Poor's, is buying SNL Financial for about $2.23 billion. McGraw Hill Financial President and CEO Douglas Peterson said in a written statement that the transaction will help in developing new services and will allow the company to expand into adjacent markets. McGraw Hill Financial Inc., based in...

  • Verizon workers vote to authorize strike, if necessary Saturday, 25 Jul 2015 | 5:22 PM ET

    NEW YORK— Verizon workers in nine states have voted to go on strike if necessary over a dispute about a new contract, a union official said at a rally Saturday. At the rally in New York, the CWA announced that 86 percent of Verizon workers who voted in a recent poll backed strike action if required. The contract covers employees the nine states from Massachusetts to...

  • WHITE SULPHUR SPRINGS, W.Va.— As Congress considers a long-awaited transportation funding bill, some Republican governors as well as Democrats say they aren't waiting to raise or borrow money to fix or build roads, bridges and highways. GOP governors in Georgia, Iowa, South Dakota and Utah are among those who have approved road tax increases.

  • BOSTON— A day after the country's second major theater shooting in recent history, some rattled observers shunned future movie outings, but others on Friday kept lining up at box offices around the country and vowed not to be kept away by fear. "You can't live your life like it's always going to happen," said Aaron Dicks, 31, who was at an AMC theater in Roseville,...

  • 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...

  • Eastern Virginia Bankshares posts 2Q profit Friday, 24 Jul 2015 | 9:16 AM ET

    TAPPAHANNOCK, Va. _ Eastern Virginia Bankshares Inc. on Friday reported second-quarter net income of $1.5 million. Eastern Virginia Bankshares shares have dropped 4 percent since the beginning of the year. Keywords: Eastern Virginia Bankshares, Earnings Report.

  • The potential life sentence for former Peanut Corporation of America owner Stewart Parnell was disclosed by prosecutors in a court filing Wednesday. Parnell, 61, is scheduled to be sentenced Sept. 21 by a federal judge in Albany, Georgia. "Bill Marler, a lawyer for victims sickened by peanut butter from Parnell's southwest Georgia plant, used the same word.

  • American National Bankshares posts 2Q profit Thursday, 23 Jul 2015 | 5:24 PM ET

    DANVILLE, Va. _ American National Bankshares Inc. on Thursday reported second-quarter net income of $2.9 million. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 33 cents per share. American National Bankshares shares have fallen almost 7 percent since the beginning of the year.

  • National Bankshares posts 2Q profit Thursday, 23 Jul 2015 | 5:06 PM ET

    BLACKSBURG, Va. _ National Bankshares Inc. on Thursday reported second-quarter earnings of $4.1 million. National Bankshares shares have climbed nearly 3 percent since the beginning of the year. Keywords: National Bankshares, Earnings Report.

  • VeriSign misses 2Q profit forecasts Thursday, 23 Jul 2015 | 4:51 PM ET

    RESTON, Va. _ VeriSign Inc. on Thursday reported second-quarter profit of $93 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share. VeriSign shares have increased 16 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 2 percent.

  • Capital One misses Street 2Q forecasts Thursday, 23 Jul 2015 | 4:27 PM ET

    MCLEAN, Va.— Capital One Financial Corp. on Thursday reported second-quarter net income of $863 million. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.97 per share. Nine analysts surveyed by Zacks expected $5.76 billion.

  • Southern National Bancorp posts 2Q profit Thursday, 23 Jul 2015 | 3:43 PM ET

    MCLEAN, Va. _ Southern National Bancorp of Virginia Inc. on Thursday reported second-quarter profit of $2.5 million. Southern National Bancorp shares have increased nearly 4 percent since the beginning of the year. Keywords: Southern National Bancorp, Earnings Report.

  • Monarch Financial posts 2Q profit Thursday, 23 Jul 2015 | 8:24 AM ET

    CHESAPEAKE, Va. _ Monarch Financial Holdings Inc. on Thursday reported second-quarter earnings of $3.4 million. Monarch Financial shares have decreased almost 7 percent since the beginning of the year. Keywords: Monarch Financial, Earnings Report.

  • 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...