Daily Press - Local Business News

Newport News shipyard reaches milestone on new aircraft carrier

By Michael Welles Shapiro, mwshapiro@dailypress.com | 757-247-4744 — Fri, 25 May 2012 00:00:00 EDT

Crane operators at Newport News Shipbuilding lowered the final piece of the aircraft carrierGerald R. Ford's keel into place Thursday morning, a construction milestone for the yard.

Local business briefs

Fri, 25 May 2012 00:00:00 EDT

APM Terminals angling to operate Virginia ports

By Michael Welles Shapiro, mwshapiro@dailypress.com | 757-247-4744 — Thu, 24 May 2012 00:00:00 EDT

A unit of Danish shipping conglomerate Maersk is proposing to take over operations of the Port of Virginia's cargo terminals as part of a deal that could be worth billions of dollars for the state over the next 48 years.

Port whittles away at operating budget deficit

By Michael Welles Shapiro, mwshapiro@dailypress.com | 757-247-4744 — Tue, 22 May 2012 12:36:00 EDT

Trustees for the Port of Virginia discussed the $8.9 million operating deficit of the Virginia Port Authority and Virginia International Terminals its operating arm, in the first of two back-to-back meetings Tuesday.

Shipyard hits milestone on Minnesota sub

By Michael Welles Shapiro, mwshapiro@dailypress.com | 757-247-4744 — Thu, 24 May 2012 00:00:00 EDT

Newport News Shipbuilding completed one of the final milestones before the delivery of the nuclear submarine Minnesota to the U.S. Navy next year.

Smithfield Foods on track for its 2nd-best year

By Michael Welles Shapiro, mwshapiro@dailypress.com | 757-247-4744 — Thu, 17 May 2012 00:00:00 EDT

Smithfield Foods won't quite match the record profits it posted in 2011, but is still poised to record the second-best annual profits in the company's history, top executives told investors at a conference in New York on Wednesday.

New Asia-East Coast service makes Norfolk port its first U.S. stop

By Michael Welles Shapiro, mwshapiro@dailypress.com | 757-247-4744 — Tue, 15 May 2012 00:00:00 EDT

NORFOLK—An ocean carrier announced its making Norfolk the first U.S. stop for a new route bringing cargo from several Southeast Asian and African ports to the East Coast via the Suez Canal.

Dominion to face extra oversight at Virginia nuclear plant

By MICHAEL FELBERBAUM, The Associated Press — Mon, 14 May 2012 15:35:38 EDT

RICHMOND — Dominion Virginia Power will face additional federal oversight at its North Anna Nuclear Power Station in central Virginia because of a safety violation related to its emergency diesel generators, the U.S. Nuclear Regulatory Commission said Monday.

Economists predict slow, steady growth for region

Fri, 18 May 2012 00:00:00 EDT

Hampton Roads' economy should grow this year but at a slower pace than that of the country, Old Dominion University economists predicted Thursday in a quarterly forecast.

Local meals tax buoys city revenue

By Robert Brauchle, rbrauchle@dailypress.com | 757-247-2827 — Wed, 9 May 2012 22:44:00 EDT

But restaurateurs not happy about tax increases

HAMPTON — Some Peninsula municipalities are trying to exploit a relatively recession-proof source of tax revenue, even if it means stretching the patience of restaurant owners and their patrons.