The Virginia Port Authority has opted against privatizing its operations, putting an end to two multibillion-dollar proposals from investment groups vying to run the nation's sixth-largest container port over the next five decades.Board members of the authority called off consideration of the rival plans from APM Terminals Inc., a unit of Denmark's A.P. Moller-Maersk Group (MAERSK-B.KO), and a consortium led by J.P. Morgan Chase & Co.'s (JPM) asset-management unit during a meeting Tuesday.APM made an unsolicited bid for the port in May, and the J.P. Morgan group emerged as a competitor after submitting a plan in December.Tuesday's vote marks the second time that Virginia has considered port privatization only to drop the idea. The port authority evaluated similar lease proposals in 2009--also prompted by an unsolicited bid--but decided not to proceed because it viewed them as undervalued.William Fralin, the port authority's chairman, offered much the same explanation Tuesday, saying in...
Gov . Bob McDonnell , (R-Va.), on his proposal to eliminate the gas tax and raise the sales tax.
Virginia Attorney General Ken Cuccinelli on the Presidential election and the challenges to the health-care law.
Gov . Bob McDonnell (R-VA) on why he is confident Governor Romney will take his battleground state.
Pam Bondi, Florida attorney general, on the potential for another recount debacle in Florida, akin to the 2000 election.
Governor Bob McDonnell , (R-Va.), breaks down what compelled him most about the Hofstra debate.
Median household income in the United States declined for the second straight year, according to data released from the U.S. Census Bureau today. Income was $50,502 ...
FBN’s Neil Cavuto on covering the Conventions.
Gov . Bob McDonnell , (R-Va.), argues the President’s economic policies are failing.
Gov . Bob McDonnell , (R-Va.), on why the economy and jobs are key to the Presidential election.
Former President George W. Bush Advisor Brad Blakeman on Romney’s potential running mate and Jon Huntsman Sr. calling for Romney to release more tax returns.
FBN’s Lou Dobbs compares the policies of Maryland and Virginia and their impact on the economy of each state.
Spiro Agnew, Geraldine Ferraro, John Edwards, Sarah Palin.Three aspired to be a heartbeat from the Presidency. One actually was.Here is a question for you: "Do you b...
Gov. Pat McCrory, (R-NC), on the state’s efforts to attract businesses to the state with its low tax environment.
Governor Robert McDonnell, (R-Va.), on the state's transportation plan and being hit by defense cuts from the sequester.
The price for a gallon of gasoline is up 45 cents in the past four weeks. Gas has now risen 33 days in a row, says AAA.Rising prices come even as the U.S now produce...
States would have an easier time collecting sales taxes for online purchases under legislation to be unveiled on Thursday that represents a major step forward in pol...
Virginia Gov . Bob McDonnell on his plan to eliminate the state gas tax while raising the sales tax.
Gov . Bob McDonnell , (R-Va.), on efforts to end the state’s gas tax and increase its sales tax.
GasBuddy.com Senior Petroleum Analyst Patrick Dehaan on the potential increases in state gas taxes across the country.