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Assignment ManagerStellarOne is being purchased by Union First Market Bankshares. The deal was announced Monday morning. If approved, the merger will create the largest community banking insitution in Virginia, according to a news release. The new company will keep the...
Assignment ManagerA Chinese company is buying Virginia-based Smithfield Foods. The deal was announced Wednesday. Smithfield officials say the merger will not affect the company's operation in the United States. It will, however, help open the Chinese market to U. S....
Tags: Smithfield Foods, China, Values, Shareholders, Stock Market
Gov. Bob McDonnell says his administration has never given any special treatment to a dietary supplement company that is under investigation. McDonnell said on WTOP radio Tuesday he and first lady Maureen McDonnell have been friends with Star Scientific...
A Virginia winery and a commodity exchange in China have agreed on a five-year wine export deal. Gov. Bob McDonnell announced the agreement between Chateau Morrisette in Floyd County and the Tianjin Commodity Exchange Company on Monday. McDonnell is...
Liberty Medical Supply Inc., which has an operation in Salem, has filed for chapter 11 bankruptcy protection, according to CEO Frank Harvey. "What that means is it gives us the breathing space we need to reorganize while still continuing to serve our...
Less than a week ago, Roanoke's only Fortune 500 company reported another slight dip in profit for it's latest quarter. But the results from Advance Auto Parts still beat out Wall Street expectations. WDBJ7 caught up with the company's CEO to ask him...
Roanoke-based Advance Auto Parts announced Wednesday that it has acquired the company B.W.P. Distributors. BWP is currently a private company that supplies, markets, and distributes automotive parts. The purchase means Advance will now operate 124 BWP...
Just two weeks after Liberty Medical in Salem announced it was cutting 200 workers, the company announced across-the-board pay cuts Monday. In a letter sent to workers Monday, the company announced a minimum 20 percent pay cut to each employee...
A Richmond businessman who owns a dozen restaurants in three states, has filed for Chapter 11 bankruptcy. (Click here to see the full filing, courtesy RichmondBizSense.com) One of the restaurants is the Roanoke Hooters, located on Williamson Road....
Several workers in the New River Valley will keep their jobs after all. Last week CraftMaster gave 138 employees letters informing them the Christiansburg plant would be closing by December 31. This week, employees got different news. They were told...
Reporter/Lynchburg Bureau ChiefIf you get an advertisement in the mail, there's a chance it came from Bedford County. Mail America has been in Forest since 1989, printing and sending out documents for clients. "We love Bedford County," said Mail America's managing director, David...
Wall Street experts didn't expect good news and they were right. On Tuesday Norfolk Southern released its third quarter report and it shows the company lost money across the board. The third quarter report shows profits are down 27%. Coal revenue is...
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