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Inside South Carolina operations of the largest military shipbuilder in the US
A new division of the largest military shipbuilder in the U.S. is in full swing after establishing operations in South Carolina just two months ago. Newport News Shipbuilding-Charleston Operations, a facility in a division of Virginia-based Huntington Ingalls Industries, better known as HII, began in Goose Creek roughly 60 days [...]
Judge orders Trump to reinstate probationary workers let go in mass firings across multiple agencies
SAN FRANCISCO (AP) — A federal judge in San Francisco ordered President Donald Trump‘s administration to rehire thousands, if not tens of thousands, of probationary workers let go in mass firings across multiple agencies, blasting their tactics Thursday as he slowed the new president’s dramatic downsizing of the [...]
Whistleblowers in Sentara insurance investigation revealed
UPDATED MARCH 18 The U.S. District Court for the Western District of Virginia has unsealed a whistleblower complaint against Sentara Health that accused the Hampton Roads health care system of improperly inflating local insurance rates in 2018 and 2019. On Feb. 14, the court revealed the plaintiffs are Sara Stovall, Ian Dixon an[...]
Virginia Supreme Court to hear appeal of reversal of $2B judgment for Appian
The Supreme Court of Virginia has agreed to hear a petition from software company Appian, asking to reinstate a 2022 judgment worth about $2.04 billion in a trade secrets verdict against a competitor. It’s the latest turn in the battle between Appian, which is based in Fairfax County’s McLean area, and rival Pegasyst[...]
$120M TowneBank-Village Bank acquisition approved by state, FDIC
Suffolk-based TowneBank’s $120 million acquisition of Midlothian’s Village Bank and Trust Financial Corp. has been approved by the FDIC and the Virginia State Corporation Commission, clearing the way for a completed deal in early April, the two banks said Tuesday. Announced in September 2024, the combined bank, which[...]
Trump family business sues Capital One for closing accounts in 2021
Just after Capital One escaped a federal watchdog lawsuit that was suddenly dropped last month, it’s back in legal hot water, this time courtesy of President Donald Trump‘s family business. On March 7, multiple entities connected with the Trump Organization sued the McLean-based bank for terminating more than 300 Tr[...]
Va. looks to produce more ‘middle-skilled’ workers
When Tennessee-based Microporous officials visited Virginia in 2022 to scout locations for a new plant, Danville leaders took them to local public schools. That might seem like an unusual field trip, but choosing the right site for a manufacturing operation is not as simple as picking a plot of land anymore, says Julie Brown, vi[...]
Henrico sends default notices to $2.3B GreenCity project developers
Updated March 10 The $2.3 billion GreenCity development in Henrico County appears to be in jeopardy, unless developers make an overdue payment by the end of the week. Henrico County has sent two notices of default — one in regard to the property purchase agreement and one relating to the development agreement — to the [&hell[...]
Leadership: The Virginia Power 50 List
What does power mean? How do you determine who wields more than others? How can you measure an intangible but very real force? In our annual list of the 50 most powerful leaders in Virginia, we set out to do just that, considering the number of employees an executive leads, personal wealth and other metrics. […]
New $230M chocolate factory coming to Frederick County
Frederick County may not have won the golden ticket to Willy Wonka’s chocolate factory, but it may have snagged something even better — a chocolate facility of its own. Gov. Glenn Youngkin announced Friday that Wisconsin chocolate manufacturer Clasen Quality Chocolate will invest $230 million to build a new production fa[...]
Federal watchdog reverses course, drops Capital One lawsuit
The Consumer Financial Protection Bureau reversed course Thursday and dropped a federal lawsuit against McLean-headquartered Capital One and its parent company, Capital One Financial, which alleged the companies cheated millions of consumers out of more than $2 billion in interest payments. The U.S. government’s watchdog [...]
UVA Health CEO resigns, effective immediately
Dr. Craig Kent resigned as the CEO of UVA Health on Tuesday, following a closed-session meeting of the University of Virginia Board of Visitors earlier in the day. A letter to UVA Health faculty and staff says that Kent “offered, and President Ryan accepted, his resignation” after the meeting, when board members and [...]
