Sign In
Free Newsletter
Barkin: Affordable housing key to rural economic growth
Richmond Fed President and CEO Tom Barkin said affordable housing and workforce investment are driving population and economic growth in small towns across the Fifth District.
Dollar Tree announces CEO of Family Dollar, soon to be sold
Chesapeake-based Dollar Tree announced Monday that its soon-to-be-sold Family Dollar property will be led by Duncan MacNaughton, who will serve as chairman and CEO of the discount retail chain.
UPDATE: $35B Capital One-Discover merger closes
McLean-based Capital One Financial is scheduled to close on its $35.3 billion acquisition of Discover Financial Services on Sunday, finalizing the merger of the credit card giants announced last year.
DHS says it is canceling $2.4B Leidos contract
According to a court filing last week, the U.S. Department of Homeland Security has terminated a $2.4 billion IT and cybersecurity contract awarded to Reston-based federal contractor Leidos last year.
Leesburg firm lays off 155 after Navy cancels $170M contract
Leesburg-based data company Pantheon Data this week laid off 155 workers — including 33 Virginia employees — after the U.S. Navy canceled its $170 million service contract with the company on May 12.
Amazon fulfillment center in Goochland to create 1,000+ jobs
Gov. Glenn Youngkin participated Wednesday in a ceremonial groundbreaking for Amazon.com's 3.1 million-square-foot robotics fulfillment center in Goochland County, which is expected to create more than 1,000 full-time and part-time jobs.
Virginia could lose 32,000 jobs in 2025, U.Va. estimates
Virginia may lose 32,000 jobs in 2025 amid federal cuts and rising unemployment, according to a new forecast by the University of Virginia’s Weldon Cooper Center for Public Service.
Microsoft to lay off about 3% of its workforce
Microsoft cuts nearly 6,000 jobs—about 3% of its workforce—in its largest layoff since 2023, impacting LinkedIn, Xbox, and management roles.
US and China take a step back from sky-high tariffs and agree to pause for 90 days for more talks
The U.S. and China agreed to cut tariffs and pause their trade war for 90 days, calming markets and renewing hopes for a long-term deal.
CoStar to purchase Australian property listings platform for $1.9B
Arlington County real estate data firm CoStar Group announced Friday it has signed a deal to acquire Domain, an Australian property listings platform, for 3 billion in Australian dollars, or $1.9 billion in U.S. dollars.
Lego to build $366M Prince George County warehouse
Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 jobs and expanding its U.S. logistics and distribution network.
New Arlington hub to boost defense, energy startups
Virtus Innovation Center in Arlington will support 30+ startups in defense and energy, connecting them to talent, capital, and federal customers.
