Business / Virginia

McAuliffe announces Ferguson to expand operations, creating 434 new jobs in Newport News

~ Largest U.S. plumbing wholesaler to invest $82.8 million to expand headquarters, build new campus platform ~ NEWPORT NEWS – Governor Terry McAuliffe announced Monday, June 5, that Ferguson, the largest plumbing wholesaler in the U.S., will invest $82.8 million to expand its headquarters operation in the City of Newport News, retaining more than 1,000 … Continue reading

Advance Auto Parts misses Street 3Q forecasts, cuts guidance
Business / Lifestyle / U.S. News

Advance Auto Parts misses Street 3Q forecasts, cuts guidance

ROANOKE, Va. (AP) — Advance Auto Parts Inc. reported a dip in its third-quarter profit, a disappointing outlook and disclosed CEO Darren R. Jackson will retire in January. Jackson cited the costs related to integrating General Parts International and a stronger U.S. dollar as factors in weighing down results for the quarter. The third-quarter “shortfall” … Continue reading