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Advance Auto explores sale to private equity according to financial sources
WDBJ7 ReporterThe future of Advance Auto Parts is back in the headline. National reports indicate the company is considering a possible sale to private equity firms. There are many more questions than answers for what it will mean for the only Fortune 500 Company...Tags: Finance, Investments, Stock Market, Sumitomo Corporation, Banking
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High-tech Roanoke County company gets new owner
Assignment ManagerA local high-tech company is getting new owners. Synchrony is being purchased by a Texas-based company for about $50 million. Synchrony is based in Roanoke County and makes high-speed motors, generators and bearings. Dresser-Rand Group, the new owner,...Tags: Corporate Performance, Roanoke County, Economy, Business and Finance, Companies and Corporations, Companies and Corporations
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Advance Auto Parts to bring 75 new jobs to Roanoke; Company adds financial center
Advance Auto Parts will be adding 75 new jobs over the next three years as it opens a financial services customer care center to its corporate headquarters in Roanoke. The announcement came at a news conference this morning.
The company plans...Tags: Finance, Politics, Executive Branch, Roanoke (Roanoke, Virginia), Manufacturing and Engineering
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Advance Auto celebrates ten years on the stock market
ReporterAdvance Auto Parts celebrated a milestone Thursday: its tenth anniversary as a publicly-traded company on the New York Stock Exchange. Advance Chief Executive Officer Darren Jackson rang the closing bell in New York, as employees watched the action on...Tags: Stock Market, Financial Markets, Corporate Officers, Economy, Business and Finance, Advance Auto Parts Incorporated
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Appalachian Power asks for higher rates; Utility seeks 9.6% increase
Appalachian Power today asked to increase the base rate charged to customers. The utility filed a rate review and increase request with the State Corporation Commission for an overall increase of 9.6% that would take effect early in 2012.
The utility...Tags: Finance, Tennessee, Alternative Energy, Natural Gas, West Virginia
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StarTek announces layoffs at its Lynchburg facility
StarTek announced Monday it's laying off 69 employees at its facility on Lakeside Drive in Lynchburg.
According to a news release, "The layoff is due to a client's decision to move a line of business from the facility."
“The decision to move...Tags: Chad, Job Layoffs, Layoffs and Downsizing, Employees, Unemployment
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New jobs coming to Roanoke
New jobs are coming to Roanoke.
UnitedHealthcare, a UnitedHealth Group company, is expanding in Roanoke, creating 125 new jobs over the next two years.
Speaking about Friday's announcement, Governor McDonnell said, We are pleased UnitedHealthcare is...Tags: Medical Services, Virginia, Economy, Business and Finance, Regional Authority, Retirement
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FreightCar America to hire 200 in Roanoke
Assignment ManagerFreightCar America will build 1,500 rail cars in Roanoke, thanks to a big order from Norfolk Southern. Governor Bob McDonnell and representatives from both companies made the announcement Monday morning in Richmond. Norfolk Southern is resuming a...Tags: Colorado, Travel, Illinois, Politics, Railway Transportation
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StarTek to close its Collinsville facility; 631 employees out of a job
StarTek announced Monday it's closing its Collinsville facility.
The call center got word Monday morning two major clients no longer need its services. StarTek says 631 employees will be out of a job by July 22. StarTek says the closure is due to a...Tags: Chad, Employees, Startek Incorporated, Lynchburg (Lynchburg, Virginia), Career and Workplace
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Pope blesses leather-clad Harley bikers
ReutersROME (Reuters) - Hundreds of bikers took a break from hell-raising on Sunday to be blessed by Pope Francis. Wearing black boots, jackets and vests, the tattooed Harley-Davidson riders stuck out among the nuns, priests, school children and shorts-...Tags: Rome (Italy), Francis I, Stock Market, Harley-Davidson Inc., Marketing
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EU mergers and takeovers (June 14)
ReutersBRUSSELS, June 14 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Diversified U.S. manufacturer Honeywell International Inc. to acquire mobile...Tags: Delta Air Lines, Restructuring and Recapitalization, Michael S. Dell, Virgin Group, Ltd., Honeywell International Incorporated
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Smithfield profit plunges on drop in exports
Reuters(Reuters) - Hog producer Smithfield Foods Inc , the subject of a $4.7 billion bid from China's Shuanghui International, posted a 63 percent fall in net profit as exports to China and Russia fell due issues related to a drug it uses to produce lean meat....Tags: Stock Market, China, Russia, Smithfield Foods, Quarterly or Semiannual Financial Statements
Nov 2, 2012
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Jun 16, 2013
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Jun 14, 2013
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Jun 14, 2013
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