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Dollar Tree plans to sell Family Dollar to private equity firms for $1B

Chesapeake-based Fortune 500 discount retailer Dollar Tree has reached a deal with Brigade Capital Management, a New York-based global asset management firm, and Macellum Capital Management, an investment firm with headquarters also in New York, to acquire its Family Dollar brand for about $1 billion. Family Dollar will continue to be headquartered in Chesapeake, according […]

Company behind Chesterfield indoor farm files for bankruptcy

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Munters, a cooling solutions manufacturer, is expanding its Botetourt County campus. Photo courtesy Munters

Cooling equipment manufacturer plans $29.9M expansion in Botetourt

Munters, an air treatment and climate control solutions company with its global headquarters in Sweden, plans to invest $29.95 million on a 200,000-square-foot expansion of its HVAC manufacturing facility in Botetourt County, according to a Tuesday announcement by Gov. Glenn Youngkin. The new manufacturing facility, which will be devoted to data center cooling solutions, will […]

Industries

FILE - The Boeing logo is displayed at the company's factory Tuesday, Sept. 24, 2024, in Renton, Wash. (AP Photo/Lindsey Wasson, File)

Judge orders a June trial for US government’s felony case against Boeing

A federal judge in Texas has set a June trial date for the U.S. government’s years-old conspiracy case against Arlington County-headquartered Boeing for misleading regulators about the 737 Max jetliner before two of the planes crashed, killing 346 people. U.S. District Judge Reed O’Connor did not explain in the scheduling order he issued on Tuesday why he […]

Real Estate

3D printed and factory-built homes could help tackle housing crisis

DENVER (AP) — As Americans struggle under backbreaking rental prices, builders are turning to innovative ways to churn out more housing, from 3D printing to assembling homes in an indoor factory to using hemp — yes, the marijuana cousin — to make building blocks for walls. It’s a response to the country’s shortfall of millions […]

Money

FILE - Then Former President Donald Trump speaks at the Bitcoin 2024 Conference, July 27, 2024, in Nashville, Tenn. (AP Photo/Mark Humphrey, File)

Trump’s crypto empire set to expand with new stablecoin and investment fund offerings

President Donald Trump’s crypto empire is expanding with the recent announcements of a new dollar-backed stablecoin and investment funds for digital assets. The moves are the latest in the norm-defying ways the president has leaned into crypto projects that could significantly boost his personal wealth while in office. World Liberty Financial, a cryptocurrency venture Trump helped launch […]

Government

FILE - Virginia Gov. Glenn Youngkin gestures as he delivers his annual State of the Commonwealth address before a joint session of the Virginia General Assembly at the Capitol, Jan. 13, 2025 in Richmond, Va. (AP Photo/Steve Helber, file)

Governor amends Virginia’s budget bill to increase rainy-day reserves over changes in Washington

RICHMOND, Va. (AP) — Republican Gov. Glenn Youngkin said on Monday that he hoped to bolster Virginia’s rainy-day fund by $300 million in light of economic uncertainty surrounding the White House’s overhaul of federal jobs and its impact on the state’s workforce. At a news conference, Youngkin announced he had more than 200 amendments to […]

People

Emory & Henry names new president

Washington County-based private college Emory & Henry University announced Monday that it was promoting Louise Fincher from interim president to the university’s permanent 23rd president. The university’s board of trustees unanimously selected Fincher as president during its spring board meeting. Fincher has more than 30 years of experience in higher education and health care. “From […]

Healthcare

BTM Business Connect

Unanet Acquires Beltway Software Firm Contraqer to Help GovCons

Unanet today announced it has acquired Contraqer, a leading provider of market intelligence and procurement software for government contractors. With Contraqer, Unanet adds to its robust growth suite of solutions that help GovCons identify, solicit, manage, and win more business. According to Unanet’s most recent GAUGE Report, 45% of GovCons cite lack of business development […]

Movers & Shakers

EVENTS

C-Suite Awards

June 5th, 2025 - 11:30 AM

The C-Suite Awards celebrate top corporate executives who consistently demonstrate remarkable leadership skills, integrity, values, vision, [...]

Forty Under 40

May 12th, 2025 - 4:30 PM

Virginia Business is pleased to launch its inaugural Forty Under 40 Awards program in 2025!

Best Places to Work in Virginia

March 31st, 2025 - 4:30 PM

Best Places to Work in Virginia is a research-driven program from Best Companies Group that examines your company’s practices, programs an[...]

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Around The Nation

US consumer confidence tumbles for 4th consecutive month to 12-year low

23andMe files for Chapter 11 bankruptcy as co-founder and CEO Wojcicki resigns

Stock market today: Wall Street gains ground after shaking off four-week losing streak

Caught in the middle, this US oddity at the border is grappling with Trump’s trade war with Canada

Another massive deal in the building supply sector, James Hardie offers AZEK $8.75 billion

Stock market today: Wall Street slips and heads for a fifth straight weekly loss

In latest blow to Tesla, regulators recall nearly all Cybertrucks

Stock market today: Wall Street drifts on signals US economy remains solid, for now at least

FILE - Shoppers head into an Albertson's grocery store Saturday, Nov. 23, 2024, in Cheyenne, Wyo. (AP Photo/David Zalubowski, File)

Kroger blames Albertsons for merger’s demise in new court filings

Kroger is denying Albertsons’ claims that it didn’t do enough to ensure regulatory approval of the companies’ planned supermarket merger. In court papers filed Tuesday in the Delaware Court of Chancery, Kroger said Albertsons disregarded the companies’ merger agreement and worked secretly with a partner, C&S Wholesalers, to try to force Kroger to divest more […]

FILE - Then Former President Donald Trump speaks at the Bitcoin 2024 Conference, July 27, 2024, in Nashville, Tenn. (AP Photo/Mark Humphrey, File)

Trump’s crypto empire set to expand with new stablecoin and investment fund offerings

President Donald Trump’s crypto empire is expanding with the recent announcements of a new dollar-backed stablecoin and investment funds for digital assets. The moves are the latest in the norm-defying ways the president has leaned into crypto projects that could significantly boost his personal wealth while in office. World Liberty Financial, a cryptocurrency venture Trump helped launch […]

FILE - Two Waymo driverless taxis stop before passing one another on a San Francisco street on Feb. 15, 2023. (AP Photo/Terry Chea, File)

Waymo plans to bring its driverless taxis to Washington in 2026

Waymo on Tuesday added Washington to its pioneering robotaxi service’s steadily expanding list of U.S. markets, although passengers will have to wait until next year until they can take a driverless ride around the nation’s capital city. For now, Waymo’s robotaxis will continue to map Washington’s streets and corridors with a safety driver sitting behind the […]

The Port of Charleston’s new ocean carrier deployments will be increasing from 25 to 29 weekly services. (Photo/SC Ports/English Hurteau)

Port of Charleston adds direct connection to Mediterranean market

The Port of Charleston’s new ocean carrier deployments will be increasing from 25 to 29 weekly services. The services will continue to include prime markets such as Asia and Europe, according to an SC Ports news release. Two of the weekly services will be first-in-calls from Asia, one of which being the fastest transit from […]

The New York Stock Exchange, in Wall street in Manhattan, New York City, USA (Photo: AdobeStock)

Stock market today: Wall Street drifts ahead of report on US consumer confidence

NEW YORK (AP) — Wall Street is holding steadier Tuesday after roaring the day before on hopes that President Donald Trump’s tariffs may not be as sweeping as earlier feared. The S&P 500 was 0.1% higher in early trading after jumping 1.8% on Monday. The Dow Jones Industrial Average was up 58 points, or 0.1%, as of 9:35 a.m. […]

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Opinion

Return to uncertainty

What a difference a debate makes

In defense of UVA Health’s leaders

A BridgeTower to the future

Commentary: Va. ecosystem supports growth

Virginia’s fundamentals remain strong after unsuccessful arena competition

To support a more inclusive workforce, Va. lawmakers must unite around this bill

2024 Big Book intro: Invasion of the bots!

Brian K. Revere, president, Breeden Construction

Constructing change

The construction industry has long been perceived as a male-dominated field, but diversity is not just a moral imperative — it’s a strategic advantage. While the National Association of Home Builders reports that women currently make up approximately 10.8% of the U.S. construction workforce — an increase from 9.3% in 2002 — there is still […]

Why let Big Tech destroy our climate?

As the globe struggles to meet current climate goals, a new threat is emerging. The threat is coming from Big Tech companies like Apple, Microsoft, Amazon, Alphabet (Google) and Meta (Facebook). Together, these companies represent a sector that dominates the market. At $3.6 trillion, Apple is now seven times the size of ExxonMobil, the nation’s […]

Elon Musk holds a chainsaw handed to him by Argentine President Javier Milei, behind, at the Conservative Political Action Conference (CPAC) in Oxon Hill, Maryland, Feb. 20, 2025. (AP Photo/Jose Luis Magana)

Our View: Making Virginia grate again

For the state where the United States was born and the roots of the American Revolution were planted (see editor’s note below), it’s an ironic fact that Virginia is heavily dependent on the largesse of the federal government. The state’s so-called “Golden Crescent” — the prosperous corridor running roughly along interstates 95 and 64 from […]

Best at Work Insights: Employees’ happiness is overrated

Do we worry too much about how happy employees are? I lead Best Companies Group, a research and advisory firm focused on helping organizations create high-engagement and high-performance cultures, and I certainly believe so. If anything, I think caring about employees’ happiness is overrated. Let me explain. Employee engagement levels have been dropping for years. […]

During a Jan. 30, 2025 White House news conference, U.S. President Donald Trump blamed federal diversity and inclusion promotion efforts for the mid-air crash between American Airlines and a military helicopter over the Potomac River. (Photo by Chen Mengtong/China News Service/VCG via AP )

Trump-led DEI crackdown may leave glass ceilings intact

In the “Mad Men” era of the 1960s and 1970s, when my mother was climbing the corporate ladder at C&P Telephone, she was frequently the only woman at out-of-state national technical trainings for managers. And from her recollection, if the men in the classes weren’t hitting on her, many were resentful or threatened by her […]

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