Northam announces plans for 200 new jobs at furniture plant

By The Associated Press
October 26, 2020 | 4:43 PM

RICHMOND, Va. (AP) — A furniture manufacture is planning to renovate a recently closed plant in Virginia and create nearly 200 new jobs.

Gov. Ralph Northam announced Monday that North Carolina-based Ison Furniture plans to spend $3.5 million to renovate the closed A.C. Furniture Company in Pittsylvania County.

Ison plans to create 150 new jobs, while one of the company’s supplier plans to locate onsite and create 45 new jobs.

Northam said Virginia beat out North Carolina to win the project. The state is giving the company various grants and other incentives.

Shares fall in Asia, with Kospi down 5.2%, while oil prices jump

By The Associated Press
August 18, 2026 | 11:05 PM

BANGKOK (AP) — Shares slipped Wednesday in Asia after Wall Street pulled further from its all-time high as artificial-intelligence stocks resumed their decline. South Korea’s Kospi led the regional retreat, dropping 5.2% to 6,515.97. The two biggest companies benefiting from the AI boom tracked losses for their U.S. rivals. Samsung Electronics shed 6.9%, while memory chipmaker SK Hynix tumbled 7.9%. In Tokyo, the Nikkei 225 sank 2.6% to 65,703.78. The Hang Seng in Hong Kong lost 0.4% to 25,382.66, while the Shanghai Composite index shed 1.5% to 3,927.70. Taiwan's Taiex fell 1.4%, and Australia's S&P/ASX 200 slipped 0.4% to 9,083.70. Apart from renewed jitters over criticism that AI-related stocks have shot too high, rising oil prices also were clouding market sentiment.

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