Smithfield Foods to be Acquired by Chinese Company

May 29, 2013
LM Otero/AP via NPR

Smithfield Foods is being sold to China’ s largest pork producer. 

Saying it’s a great day for American farmers, Smithfield Foods President and CEO Larry Pope has announced his company is being sold to Shuanghui International Holdings Limited, China’s largest meat processing enterprise and largest meat trading company.  It’s believed to be the largest takeover of an American company by a Chinese one.  The purchase price is $4.7 billion.


May 14, 2013

In Hollywood there’s the ‘Oscars.’   In Nashville, the Country Music Awards.  In the New River and RoanokeValleys, it’s the “Tech” Awards. 

Every year, the Roanoke- Blacksburg Technology council honors its stars. 

This Thursday (5/16/13) evening, 600 people will gather at the Hotel Roanoke for an awards ceremony and party announcing the  winners of the Roanoke/ Blacksburg Technology Council’s Tech Nite Awards.

For a list of TechNite nominees, visit  thetechnologycouncil.com

Governor Bob McDonnell issued a letter earlier this month urging college presidents and boards to hold the line on in-state tuition.

The plea was repeated Thursday by the University of Virginia’s Rector Helen Dragas, but the board of visitors voted 14 to 2 to increase tuition and fees by 3.8%  or about $450 for in-staters and 4.8% -- just over $1,800 for students from other states. 

The board approved even bigger tuition and fee hikes for students in the law, business, engineering and medical schools.

Jobs Created in the New River Valley

Mar 15, 2013
New River Valley Commerce Park

A huge, new, high tech greenhouse operation is coming to the New River Valley.

Va Prisons Make Plates and Model Workers

Mar 15, 2013

It’s one of the state’s largest companies, with $50 million in sales each year.  It pays workers less than a dollar an hour, but for every job that opens, ten people apply.  You may never have heard of it, but chances are you own one of its products. 

Virginia Correctional Enterprises makes  license plates for state residents and the State Department in DC.  It also molds model workers like 52-year-old Alexander Parker.