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Ferguson planning...

Ferguson planning $1.6B acquisition of Texas valve distributor

Ferguson Enterprises announced that it has agreed to acquire FloWorks for $1.6 billion from private equity firm Wynnchurch Capital.

Serco CEO...

Serco CEO is leaving to lead KBR spinoff

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Automation company to close Charlottesville operations

Emerson Automation Solutions will end its Charlottesville operations, cutting 139 jobs in a phased layoff through December.

Industries

Luminoah founder and CEO Neal Piper accepted his EY Mid-Atlantic Entrepreneur of the Year Award in summer 2026. Photo courtesy Ernst & Young

EY names 7 Virginians Mid-Atlantic Entrepreneurs of the Year

Seven Virginia business leaders have been named winners of Ernst & Young's Mid-Atlantic Entrepreneur of the Year Award for 2026.

Real Estate

FILE PHOTO: A residential home for sale sign is shown in California

US existing home sales unexpectedly fall in June

House prices hit a record high and mortgage rates remained elevated, pushing potential buyers to the sidelines.

Money

FILE PHOTO: Traders work on the floor of the NYSE in New York

Wall Street ends lower as Iran tensions dampen risk appetite; chipmakers drop

Wall Street declines led by tech shares as renewed U.S.-Iran tensions push oil prices higher and dampen investor risk appetite.

Government

Sen. Lashrecse Aird, D-Henrico County, addresses a news conference June 16, 2026, on a compromise for the start of a retail cannabis market in Virginia. She is flanked by Del. Paul Krizek, D-Alexandria, left, and Gov. Abigail Spanberger.

Virginia marijuana market rumors ‘unequivocally false’, state reps say

Sponsors of state budget language creating Virginia’s retail marijuana market are debunking what they called “inaccurate reports and social media claims” that the language jumpstarted the sales a year ahead of schedule and essentially relaxed enforcement of the state’s pot laws, including those addressing underage selling. In a statement released July 9, Sen. Lashrecse Aird, […]

People

Andrew Boyd

Tyto Athene taps former IBM executive as CEO

Tyto Athene names former IBM executive Andrew L. Boyd CEO as Dennis Kelly retires and remains on the board.

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BTM Business Connect

Rolley Davis, President of Sussex Development Corporation.

Rolley Davis Promoted to President of Sussex Development Corporation

Virginia Beach, VA — Sussex Development Corporation, a leading construction management firm headquartered in Virginia Beach, announced today the promotion of Rolley Davis from Vice President to President. As President, he will oversee company operations, strategic initiatives, and long-term growth, while continuing to foster the culture of integrity, commitment, collaboration, and excellence that has defined […]

Movers & Shakers

EVENTS

Virginia Top Projects & Real Estate Deals

July 28th, 2026 - 5:30 PM

Top Projects is an annual recognition program honoring the most outstanding building and construction projects completed across Virginia ove[...]

In-House Counsel Awards

September 17th, 2026 - 11:30 AM

Virginia Lawyers Weekly and Virginia Business recognize Virginia’s top in-house counsel, who, among other things, navigate complicated con[...]

Women In Leadership

October 6th, 2026 - 5:30 PM

The Women in Leadership Awards celebrate top women executives for their overall professional accomplishments, civic engagement, mentorship, [...]

Icons Honors

November 13th, 2026 - 11:30 AM

The Virginia Icons Awards recognize the lifetime achievements of Virginia leaders from business, government and higher education over the ag[...]

see all events

Around The Nation

OpenAI’s AGI deployment chief Fidji Simo to step down after medical leave

SK Hynix’s marquee US debut to test AI appetite

Fed’s Warsh taps broad group of Fed outsiders to oversee review

Fed’s Williams expects energy prices to abate even as Iran war flares

Apple to spend $30B on Broadcom chips as it boosts US sourcing

Bezos’ Blue Origin seeks first outside funding at $130B valuation, NYT DealBook reports

Oil prices jump 7% as US-Iran truce buckles under fresh hostilities

Oil jumps after settlement as US revokes general license for Iran oil sales

Christopher J. Waller, member of the Board of Governors of the Federal Reserve System, enters for the morning session at the ECB Forum, in Sintra, Portugal June 30, 2026. REUTERS/Pedro Rocha/File Photo

Fed’s Waller says rate hike may be needed if core inflation stays hot

Federal Reserve Governor Christopher Waller warns of a possible near-term rate hike if core inflation remains above the 2% target amid rising price pressures.

FILE PHOTO: A gas flare burns in the distance as valves and pipelines are seen at the Rumaila oil field in Basra

Oil up 9% to one-month high as US  says it will blockade entire Iranian coastline, all vessels

HOUSTON, July 13 (Reuters) – Oil prices settled up more than 9% on Monday at a one-month high after news that a United States’ naval blockade due to begin on Tuesday will cover Iran’s entire coastline, ports and oil terminals, as well as all vessels regardless of flag, reigniting concerns over energy shipments through the […]

An aerial view of an Amazon Web Services Data Center known as US East 1 in Ashburn, Virginia, U.S., October 20, 2025. REUTERS/Jonathan Ernst/File Photo

White House to rally utilities, data centers for AI power cost pledge, sources say

WASHINGTON, July 13 (Reuters) – The White House plans to bring together utility companies and data center developers to make a voluntary pledge designed to ensure that rapid growth in electricity demand from artificial intelligence does not drive up power bills for households and businesses, according to three people familiar with the plans. An event […]

CinemaCon 2026 in Las Vegas . April 16, 2026. REUTERS/Caroline Brehman/File Photo

California, 11 states suing to block Paramount’s $110B Warner Bros deal

NEW YORK/LOS ANGELES, July 13 (Reuters) – California and 11 states are suing to block Paramount’s $110 billion acquisition of Warner Bros. Discovery, alleging the deal would lessen competition in film distribution and cable television, harming theaters and TV distributors. The lawsuit is a serious threat to Paramount CEO David Ellison’s bid to transform his […]

FILE PHOTO: Tankers and other vessels in the Strait of Hormuz off the coast of Musandam

Trump: Iran blockade reinstated, US to charge 20% on Strait of Hormuz cargo

WASHINGTON, July 13 (Reuters) – President Donald Trump said on Monday that the United States was reinstating a naval blockade on Iran and would be reimbursed 20% on all cargo shipped through the Strait of Hormuz after Tehran claimed it had closed the vital waterway. “The Hormuz Strait is OPEN, and will remain OPEN, with […]

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Opinion

Are your best people leaving over money — or this?

Maritime and logistics can lift the commonwealth

No one’s indispensable — and that’s a good thing

The choice we’re making about AI

Virginia’s economic competitiveness depends on civic infrastructure

Making the business case for InternshipsVA

Millennials burn out while holding it all together

Bridging the workplace soft-skills gap across generations

Depositphotos

Virginia’s new pay law requires a number — not the truth

Virginia’s new pay transparency law requires employers to post salary ranges but may not ensure those numbers reflect realistic pay for applicants.

Jaime-Raul-Zepeda

“AI won’t take your job” and other things CEOs say before the layoffs

Gartner reports 80% of billion-dollar companies deploying AI have cut headcount, but these reductions did not improve financial returns.

Tesla CEO Elon Musk holds a mobile phone as he arrives to attend a state banquet with U.S. President Donald Trump and Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, May 14, 2026. REUTERS/Evan Vucci//File Photo

One in a trillion: Musk’s milestone 

Elon Musk became history's first trillionaire following the successful SpaceX IPO, marking a new wealth milestone with significant economic impact.

Haymore_Todd

Could Virginia’s data center fight scare off other industries?

In 2024, following the unsuccessful effort to bring a sports arena to Alexandria, I wrote in Virginia Business that the Commonwealth would continue to find success recruiting investment and jobs because “the fundamentals of the commonwealth’s business case remain unbelievably strong and make us the envy of most other states.” That opinion was ultimately proven […]

Crutchfield_Bill

Commentary: Entrepreneurs, think creatively

Bill Crutchfield, founder of Crutchfield Corp. in Charlottesville, shares how unconventional thinking drove his company's success.

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