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Judge rules DOGE’s USAID dismantling likely violates the Constitution

WASHINGTON (AP) — The dismantling of the U.S. Agency for International Development by billionaire Elon Musk’s Department of Government Efficiency likely violated the Constitution, a federal judge ruled Tuesday as he indefinitely blocked DOGE from making further cuts to the agency. The order requires the Trump administration to restore email and computer access to all employees of USAID, including […]

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

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Huge data center campus planned for Charles City County

Kansas-based development company Diode Ventures is planning a massive data center campus in Charles City County, about 20 miles outside of Richmond, that is estimated to create 50 to 100 full-time jobs. The company has submitted an application to the county’s planning commission and board of supervisors to rezone five properties totaling about 515 acres […]

Industries

HII division awarded $182M Air Force contract

Huntington Ingalls Industries’ McLean-based Mission Technologies division was awarded a five-year, $182 million task order to provide logistics support for U.S. Air Force F-16 pilot training devices, HII announced Thursday. The contract involves HII and subcontractor Trident Military Systems performing engineering maintenance for the Air Force’s Mission Tactics Trainer Training System Support Center, which supports […]

Real Estate

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Completed home sales decrease in Feb. for NoVa, Hampton Roads

Housing sales in February decreased year-over-year in Northern Virginia and Hampton Roads. Inventory and median selling prices increased in both regions. Northern Virginia Closed sales in Northern Virginia decreased year-over-year in February, according to Northern Virginia Association of Realtors data released March 11. The median home price and active listings rose compared to the same […]

Money

Stock market today: Back down goes Wall Street as Big Tech resumes its slide

NEW YORK (AP) — Wall Street swung back down on Tuesday, and its former superstars once again led the way. The S&P 500 dropped 1.1% for its latest swerve in a scary ride, where it tumbled by 10% from its record and then rallied for two straight days. The Dow Jones Industrial Average fell 260 points, or 0.6%, and the Nasdaq composite sank […]

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

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

Wall Street rallies to its best day in months, but that’s not enough to salvage its losing week

Trump probes lumber, timber imports for potential tariffs; names furniture as derivative product

FTC reverses its request for a delay in an Amazon trial, says it has resources to litigate the case

Average US rate on a 30-year mortgage edges higher, ending a seven-week slide

More than 50 universities face federal investigations as part of Trump’s anti-DEI campaign

Close calls at Washington DC airport raise questions about why changes weren’t made before crash

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

WASHINGTON (AP) — Roughly 50,000 to 60,000 civilian jobs will be cut in the Defense Department, but fewer than 21,000 workers who took a voluntary resignation plan are leaving in the coming months, a senior defense official told reporters Tuesday. To reach the goal of a 5% to 8% cut in a civilian workforce of more […]

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

SAN FRANCISCO (AP) — Google has struck a deal to buy cybersecurity firm Wiz for $32 billion in what would be the tech giant’s biggest-ever acquisition at the same time it’s facing a potential breakup of its internet empire. The proposed takeover announced Tuesday is part of Google’s aggressive expansion into cloud computing during an artificial intelligence boom. The […]

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

DELTA, British Columbia — Canadian ready-to-assemble furniture supplier Prepac has reportedly shut down its manufacturing operations in Delta, British Columbia, shifting all production to its facility in North Carolina instead. According to Unifor, the union that represents Prepac’s workers, tariffs are to blame. More than 170 workers will be laid off. “Our union has been […]

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

NEW YORK (AP) — U.S. stocks are holding steadier Monday, and the market’s scary roller-coaster ride from recent weeks is slowing. The calm trading may be short-lived, though, with a decision by the Federal Reserve on interest rates coming later in the week and worries continuing about President Donald Trump’s trade war. The S&P 500 […]

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

Forever 21 has filed for bankruptcy protection for a second time and plans to close down its U.S. business as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies. F21 OpCo, which runs Forever 21 stores, said late Sunday that it will wind down the business in […]

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Opinion

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!

Why Alexandria’s new entertainment district is everyone’s business

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 […]

Return to uncertainty

In the wake of the Federal Reserve lowering interest rates by half a percentage point in September, the stock market has been setting records, hiring numbers are trending strong, and the inflation rate has been slowly edging downward. Nevertheless, many businesses — and workers — seem to be in a state of anxious uncertainty, awaiting […]

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