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Press Releases from Local Companies

Updated 2:34 pm

NEWPORT NEWS, Va., Oct. 23 -- AREVA and Northrop Grumman Shipbuilding, a sector of Northrop Grumman Corporation , two leaders in the U.S. nuclear industry, have joined forces to build a new manufacturing and engineering facility in Newport News, Va., to supply the growing American nuclear energy sector. The joint venture, AREVA Newport News, LLC, with AREVA as the majority owner, will establish a world-class facility to manufacture heavy components for the U.S. Evolutionary Power Reactor (EPR), AREVA's Generation III+ nuclear reactor, thereby supporting the nuclear energy resurgence, fueling domestic economic growth, and meeting the demand for American energy security.

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Borrowing Trouble

Our occasional series, Borrowing Trouble, looks at the impact of the subprime mortgage crisis in Rhode Island.

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Housing in R.I.

John Kostrzewa: Subprime 'bailout' won't end the mess

In Rhode Island, a new report from the Mortgage Bankers Association found the delinquency rate on home mortgages surged to the highest in New England.