NEWPORT NEWS Whole Foods opened a store at 12080 Jefferson Ave. this morning. The 40,000-square-foot store is located in the Marketplace at Tech Center. The celebration was set to kick off with a “bread-breaking” ceremony at 8:45 a.m., according to a news release on the company’s website.
New York-based Stellex Capital Management LP announced the completion of its acquisition of Marine Hydraulics International Inc., a privately held ship repair and overhaul contractor in Norfolk.
The deal closed Friday, said Tom Epley, chief executive officer at MHI.
The company employs about 450 people and works on Navy vessels at its pier next to Lamberts Point Docks.
Armada Hoffler Properties Inc. posted funds from operation of $10.7 million Tuesday, or 25 cents per diluted share, for the third quarter, which ended Sept. 30. That's an increase over the $7.3 million in funds from operation, or 21 cents per diluted share, for the third quarter last year, according to a news release.
Virginia's capital is raising beer money - $23 million of it. Richmond will sell bonds next week to build a brewery for Escondido, Calif.-based Stone Brewing Co., the ninth-largest U.S. craft-beermaker, on property that's been vacant for four decades. Stone will pay the 218,000-person city to lease the facility and won't be on the hook to repay investors. Taxpayers will.
As the calendar flips to November and visions of Black Friday dance in their heads, holiday shoppers using new, more secure chip credit and debit cards will be learning a new checkout procedure. While the added security might be welcome, new cards could mean more frustration and slower checkout lines during the bustle of holiday shopping.
VIRGINIA BEACH The builders of a professional baseball stadium have pitched changes to their lease that would lower the cost of the project and get it closer to breaking ground.
OMAHA, Neb. A meat company based in Nebraska is recalling 167,427 pounds of ground beef that might be tainted with E. coli bacteria. The U.S. Department of Agriculture said Sunday that All American Meats Inc. is recalling the meat that was sold to retailers nationwide. No illnesses have been linked to the beef.
NEWPORT NEWS Christopher D. Kastner has been named as chief financial officer of Huntington Ingalls Industries. The company's Board of Directors also has named Kastner as corporate vice president, business management. Kastner will succeed Barbara Niland, who will retire on March 1, 2016. He has served as corporate vice president and general manager, corporate development, since August 2012.
Love that JD. Virginians sure do. Jack Daniel’s No. 7 Black Tennessee Whiskey remained the most popular item last year at the state’s ABC stores. Sales of the whiskey totaled $26.9 million in fiscal 2015, which ended in June, the Virginia Department of Alcoholic Beverage Control reported last week. No other brand of booze came close.
SMITHFIELD In the no-surprise-here department: A Smithfield exec last week had no kind words for a new study saying that processed meats such as bacon and hot dogs cause cancer.
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