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Couple donates $20M for Virginia Tech medical scholarships

A $20M gift to Virginia Tech Carilion School of Medicine will fund in-state scholarships and help address Virginia’s doctor shortage.

Norfolk’s MacArthur...

Norfolk’s MacArthur Center to be demolished this year

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Members of the Goochland County Board of Supervisors met on Feb. 3. Screenshot.

Goochland supervisors OK $250K to fight lawsuit over potential data centers

Goochland County shifts $250K to hire outside counsel as it faces a lawsuit challenging a technology overlay district near Route 288.

Industries

Depositphotos

McLean contractor acquires Orlando-based Dignitas Technologies

McLean-based By Light announced Tuesday that it has acquired Orlando-based defense modeling and simulation firm Dignitas Technologies.

Real Estate

JK Land Holdings acquired the 7.88-acre site at 45190 Ocean Court in Sterling on Jan. 8 from Sterling Davis Properties. Photo by KLNB

JK Land Holdings buys $28.5M warehouse in Sterling

JK Land Holdings acquired the 7.88-acre site at 45190 Ocean Court in Sterling on Jan. 8 from Sterling Davis Properties.

Money

FILE PHOTO: Traders work on the floor of the New York Stock Exchange January 20, 2016. REUTERS/Brendan McDermid/File Photo

S&P 500, Nasdaq dip with economic data, earnings in focus

Feb 10 (Reuters) – The S&P 500 and the Nasdaq closed lower on Tuesday as investors digested disappointing retail sales figures and waited for a key labor market report. The S&P 500 communication services sector was weighed down by Alphabet shares after Google’s parent said it sold bonds worth $20 billion. The announcement came as […]

Government

A photo of a Leidos sign and a glass covered building.

Leidos wins $142M defense contract

Reston-based contractor Leidos announced Monday that it has secured a $142 million defense contract to modernize IT operations.

People

Depositphotos

Universal Corp. names CFO after withdrawing offer to another

Universal Corp. names Steven Diel CFO after reversing a prior hire. He succeeds Johan C. Kroner, who will retire in July.

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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

C-Suite Awards

June 4th, 2026 - 11:30 AM

The C-Suite Awards celebrate top corporate executives who consistently demonstrate remarkable leadership skills, integrity, values, vision, [...]

Forty Under 40

Details coming soon!

Virginia Business is pleased to launch its inaugural Forty Under 40 Awards program in 2025!

Best Places to Work in Virginia

March 31st, 2026 - 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[...]

Women In Leadership

Details coming soon!

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

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Around The Nation

Google sued by Autodesk over AI-powered movie-making software

US Justice Department casts wide net on Netflix’s business practices in merger probe, WSJ reports

As USMCA review looms, experts say auto industry’s future is uncertain

Amazon shares slide as $200 billion outlay fans fears over AI returns

Global chip sales expected to hit $1 trillion this year, industry group says

OpenAI unveils AI agent service as part of push to attract businesses

Dollar hits nearly two-week high as stocks wobble; pound slides after BoE holds

Google goes from laggard to leader as it pulls ahead of OpenAI with stellar AI growth

A logo of Blackstone is pictured in Manhattan, New York City, U.S. July 29, 2025. REUTERS/Mike Segar/File Photo

Blackstone boosts stake in AI startup Anthropic to about $1B, source says

Blackstone is boosting its investment in Anthropic to about $1 billion, valuing the Claude chatbot maker at roughly $350 billion as investor appetite for leading generative AI companies remains strong.

Boeing 737 MAX aircraft are assembled at the company’s plant in Renton, Washington, U.S. June 25, 2024. Jennifer Buchanan/Pool via REUTERS

Boeing plans to open fourth 737 production line in midsummer

Boeing plans to open a fourth 737 MAX production line in Everett, Washington, as it ramps up output toward as many as 63 jets a month, signaling a gradual production increase amid strong demand for single-aisle aircraft.

A technician works at an Amazon Web Services AI data center in New Carlisle, Indiana, U.S., October 2, 2025. REUTERS/Noah Berger for AWS/File Photo

Amazon plans to launch AI content marketplace, The Information reports

Amazon is signaling plans for an AI content marketplace that would let publishers sell material to artificial intelligence companies, as tech firms and media groups negotiate new rules and fees for AI use of content.

Photo by DepositPhotos

Trump wants lower mortgage rates, his Fed pick may push the other way

President Donald Trump has made housing affordability a centerpiece of his economic agenda, repeatedly emphasizing his desire to see mortgage rates fall. But Trump’s choice to lead the Federal Reserve, Kevin Warsh, has spent years criticizing the central bank’s enormous bond portfolio. Any push to significantly shrink the Fed’s $6.6 trillion balance sheet of Treasury […]

Eli Lilly logo is shown on one of the company's offices in San Diego, California, U.S., September 17, 2020. REUTERS/Mike Blake

Lilly bets on next-generation cell therapy with $2.4B deal for Orna

Eli Lilly agreed to buy Orna Therapeutics for up to $2.4 billion, gaining in vivo CAR-T and circular RNA technology platform.

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Opinion

2025: The year of living disruptively

Local leaders shape solar’s future

Beyond burnout: the case for workplaces where people thrive

Back to school, back to buying? How fall affects Northern Virginia homebuyers

Women execs have tougher climb to top rung

Don’t import 996: Why America should reject overwork culture

OurView: Will AI spell lights out for white-collar workers?

The People Paradox: Why ‘Soft’ Skills Deliver the Hardest Numbers

JMU will host seminars in 2026 examining the nation’s founding principles and civic engagement. Photo courtesy James Madison University

Making the business case for InternshipsVA

InternshipsVA establishes a framework that encourages Virginia employers to start or expand high-quality, paid internship programs.

The People Paradox: Why ‘Soft’ Skills Deliver the Hardest Numbers

Millennials burn out while holding it all together

The other day I was sitting in back-to-back meetings when two notifications hit at once. My son’s school called — he’d fallen and needed to be picked up from school immediately. At the same time, an email from my mom popped up asking for help with her prescriptions. Work was on fire. And I was […]

Richard Foster. Photo by James Lee

Bridging the workplace soft-skills gap across generations

An editor’s take on Gen Z soft skills, mentorship at work and Virginia Business marking 40 years covering the commonwealth’s business community.

On Jan. 15, 2022, Republican Glenn Youngkin was sworn in as Virginia’s 74th governor on the steps of the state Capitol. Photo courtesy governor’s office.

Why Virginia’s one-term limit for governors deserves a second look

As Virginia prepares to swear in its first woman governor, it’s worth reexamining whether the commonwealth’s one-term limit on governors serves the state’s long-term economic and leadership interests.

The People Paradox: Why ‘Soft’ Skills Deliver the Hardest Numbers

The December question every leader should anticipate

As the year winds down, our calendars fill with two things: out-of-office replies and existential dread. December has a funny way of putting a mirror in front of us. In the quiet between deadlines and family gatherings, a perennial set of questions shows up: What am I doing with my life? Do I still want […]

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