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Genworth CEO...

Genworth CEO takes leave of absence

Genworth Financial President and CEO Thomas McInerney has taken a leave of absence; CFO Jerome Upton is serving as interim president and CEO.

Loudoun supervisors...

Loudoun supervisors mull data center moratorium

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Baylouny_John

Leonardo DRS to acquire McLean’s Raft for $450M

Leonardo DRS has entered into an agreement to acquire McLean-based defense technology company Raft for $450 million.

Industries

Depositphotos_8793186_S

Newly created Falls Church defense tech company files for IPO

Falls Church defense technology firm Lyntris files for an IPO and plans to list on the NYSE under ticker LYNX.

Real Estate

Photo courtesy the Hotel Roanoke & Conference Center

Conference center at Hotel Roanoke to be sold for $14M

The commission governing the Hotel Roanoke Conference Center has approved a $14 million sale to a subsidiary of the Virginia Tech Foundation.

Money

Traders work on the floor of the NYSE in New York

Wall Street closes down sharply after Fed holds rates unchanged

Wall Street declined sharply after the Federal Reserve kept interest rates unchanged, with AI chip stocks dropping amid concerns over heavy capital spending.

Government

U.S. Secretary of Transportation Sean Duffy points at an airport model as U.S. President Donald Trump sits, as they make an announcement about a $22.5 billion renovation of Washington Dulles International Airport, in the Oval Office at the White House in Washington, D.C., U.S., July 29, 2026. REUTERS/Kylie Cooper

Trump unveils $22B plan to remake Washington Dulles airport

President Donald Trump announced a $22 billion plan to rebuild Washington Dulles airport, including new concourses and a large parking garage while preserving the landmark terminal.

People

Monica Baskin. Photo courtesy Virginia Commonwealth University

VCU names director for Massey Comprehensive Cancer Center

VCU names Monica Baskin director of Massey Comprehensive Cancer Center, who would make history as its first woman leader.

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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

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[...]

Best Places to Work in Virginia

Details coming soon!

Best Places to Work in Virginia is a research-driven program from Best Companies Group that examines your company’s practices, programs an[...]

see all events

Around The Nation

Nvidia in talks with OpenAI to guarantee $250B billion financing for data center, WSJ reports

Chipmaker CXMT vaults to top of China’s valuation with 466% surge in Shanghai debut

Amazon’s Leo proposes satellite constellation for direct-to-phone service

Trump economy at 18 months is a tale of shocks, resilience, and signs of stalled progress

US small businesses file lawsuit challenging Trump’s new ‘forced labor’ tariffs

Oil retreats from above $100, still set for weekly rise on Middle East escalation

Verizon signs deal with Google worth over $1B

Trump imposes new global tariffs, drawing protests from trading partners

New U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S. June 17, 2026. REUTERS/Eric Lee/File Photo

Fed leaves rates unchanged; three policymakers dissent in favor of a hike

The Federal Reserve held interest rates steady at 3.50%-3.75%, with three regional bank presidents dissenting in favor of a hike amid inflation concerns.

Specialists work at a drilling rig at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 20, 2026. REUTERS/Pavel Mikheyev

Oil jumps 7% on escalating Middle East airstrikes

Oil prices surged 7% following renewed Middle East airstrikes and U.S. crude inventories hitting a multi-year low, raising supply concerns.

FILE PHOTO: Apple’s logo at its store in Paris

Apple briefly tops $5 trillion market value for first time

Apple briefly surpassed $5 trillion market value, becoming the second company after Nvidia to reach this milestone amid strong product demand.

Oil-rich shale region of the Permian Basin in Texas

Oil prices fall 5% to two-week low on hopes for US-Iran conflict easing

Oil prices dropped 5% to a two-week low amid hopes for a resolution to the US-Iran conflict and disruptions in Middle East oil shipping routes.

The second 737 MAX 10 to be manufactured on the new North Line is towed into the Boeing Everett Factory in Everett, Washington, U.S., July 8, 2026. Jennifer Buchanan/Seattle Times/Pool via REUTERS Pool/Pool via REUTERS/File Photo

Boeing share price rises despite larger-than-expected Q2 loss from higher Air Force One costs

Boeing reported a larger-than-expected q2 loss due to higher air force one costs but saw share price rise and improved free cash flow in seattle.

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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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