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Photo of a blue tractor trailer with the name Beacon emblazed on the side door.

Beacon Roofing agrees to $11B buyout

Herndon-based Fortune 500 company Beacon Roofing Supply has agreed to an $11 billion buyout by Connecticut software and professional services company QXO after previously rebuffing a slightly lower offer from the same suitor. The two businesses have entered into a definitive merger agreement with QXO purchasing the building supply company for $124.35 per share in […]

Federal Reserve Chair Jerome Powell speaks during the annual U.S. Monetary Policy Forum, in New York, Friday, March 7, 2025. (AP Photo/Richard Drew),

Federal Reserve keeps interest rate unchanged, sees slower growth, slightly higher inflation ahead

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University of Virginia Rotunda. Photo courtesy University of Virginia

Three Virginia business schools make top 20 Poets&Quants rankings

Four Virginia business schools placed among the top 104 business schools in Poets&Quants’ 2025 rankings of undergraduate business schools, released Monday. Of these Virginia schools, three were in the top 20. Poets&Quants for Undergrads, an online publication and forum dedicated to business schools, ranks schools by three categories: admissions standards, academic experience, and career outcomes. […]

Industries

Casino groundbreaking

Developers break ground on $1.4B Petersburg casino

Baltimore-based The Cordish Cos. and Virginia Beach developer Bruce Smith Enterprise broke ground Wednesday on the much-anticipated $1.4 billion Live! Casino & Hotel Resort in Petersburg. The mixed-use development’s backers say it will create about 1,400 permanent jobs, increase tourism and generate billions in economic benefit for Virginia. In November 2024, more than 80% of […]

Real Estate

FILE - A for sale sign stands outside a single-family home Thursday, June 27, 2024, in Englewood, Colo. (AP Photo/David Zalubowski, File)

US home sales rose in February as mortgage rates eased and more homes put up for sale

LOS ANGELES (AP) — Sales of previously occupied U.S. homes rose in February as easing mortgage rates and more properties on the market encouraged home shoppers. Existing home sales rose 4.2% last month from January to a seasonally adjusted annual rate of 4.26 million units, the National Association of Realtors said Thursday. Sales fell 1.2% […]

Money

People work on the floor at the New York Stock Exchange in New York, Wednesday, March 19, 2025. (AP Photo/Seth Wenig)

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

NEW YORK (AP) — U.S. stocks are drifting Thursday following more signals that the U.S. economy remains solid, for the moment at least. The S&P 500 fell 0.1% in afternoon trading. The Dow Jones Industrial Average was up 56 points, or 0.2%, as of 12:47 p.m. Eastern time, and the Nasdaq composite was 0.3% lower. Wall […]

Government

Earle-Sears has faced tough races before. Her campaign for Virginia governor is no different

RICHMOND, Va. (AP) — Lt. Gov. Winsome Earle-Sears is used to facing formidable obstacles in her political campaigns, and her bid to be Virginia’s next governor is no exception. The Jamaican immigrant, Marine veteran and devout Christian will first need to win the Republican primary in June at a time when her party has been […]

People

A man wearing a tie and a blazer

Kaufman & Canoles names executive director

Chris Smythe has been named executive director of Kaufman & Canoles, the Norfolk-headquartered law firm announced Monday. In the role, Smythe will oversee the day-to-day operations of the firm and report directly to Jason R. Davis, its president and CEO. Previously, Smythe was president of Tycon Medical Systems, a Norfolk home medical equipment and complex […]

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 - 12:00 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

NASA astronauts Butch Wilmore and Suni Williams return to Earth after 9 months stuck in space

Pentagon is cutting up to 60,000 civilian jobs. About a third of those took voluntary resignations

Google to buy cybersecurity firm Wiz for $32B in largest deal in company’s history

Furniture manufacturer shuts down Canadian operations, moves production to N.Carolina

Stock market today: Wall Street holds steadier following weeks of scary swings

Forever No More. Operator of mall staple Forever 21 files for bankruptcy protection

Helicopters permanently restricted on route near Washington airport where 67 died in midair crash

Americans increased spending tepidly last month as anxiety over the economy takes hold

FILE - A Tesla Cybertruck is on display at the Tesla showroom in Buena Park, Calif., Dec. 3, 2023. (AP Photo/Richard Vogel, File)

In latest blow to Tesla, regulators recall nearly all Cybertrucks

U.S. safety regulators on Thursday recalled virtually all Cybertrucks on the road, the eighth recall of the Tesla-made vehicles since deliveries to customers began just over a year ago. The National Highway Traffic Safety Administration’s recall, which covers more than 46,000 Cybertrucks, warned that an exterior panel that runs along the left and right sight […]

People work on the floor at the New York Stock Exchange in New York, Wednesday, March 19, 2025. (AP Photo/Seth Wenig)

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

NEW YORK (AP) — U.S. stocks are drifting Thursday following more signals that the U.S. economy remains solid, for the moment at least. The S&P 500 fell 0.1% in afternoon trading. The Dow Jones Industrial Average was up 56 points, or 0.2%, as of 12:47 p.m. Eastern time, and the Nasdaq composite was 0.3% lower. Wall […]

FILE - A hiring sign is displayed at a retail store in Buffalo Grove, Ill., Wednesday, Nov. 6, 2024. (AP Photo/Nam Y. Huh, File)

Applications for jobless benefits inch up, but layoffs remain low, labor market healthy

Slightly more Americans applied for unemployment benefits last week, but layoffs remain historically low. U.S. jobless claims filings rose by 2,000 to 223,000 for the week ending March 15, the Labor Department said Thursday. That’s just less than the 224,000 new applications analysts forecast. Weekly applications for jobless benefits are considered a proxy for layoffs, […]

FILE - Amtrak CEO Stephen Gardner speaks during a House Transportation subcommittee hearing on Capitol Hill in Washington, Tuesday, June 6, 2023. (AP Photo/Andrew Harnik, File)

Amtrak CEO abruptly resigns from the nation’s passenger railroad

NEW YORK (AP) — Amtrak CEO Stephen Gardner abruptly resigned from his top post at the U.S. passenger railroad this week. Wednesday’s announcement signaled that the leadership change came down to Amtrak maintaining support from U.S. President Donald Trump. In a statement, Gardner said he was stepping down “to ensure that Amtrak continues to enjoy […]

Ben & Jerry's ice cream shop, Wednesday, Feb. 26, 2025, in Cambridge, Mass. (AP Photo/Charles Krupa, file)

Ben & Jerry’s alleges parent company Unilever removed its CEO over social activism

Ben & Jerry’s says its CEO was unlawfully removed by its parent company, Unilever, in retaliation for the ice cream maker’s social and political activism. In a federal court filing late Tuesday, Ben & Jerry’s said Unilever informed its board on March 3 that it was removing and replacing Ben & Jerry’s CEO David Stever. Ben […]

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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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