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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 federal government. U.S. District Judge William Alsup said that […]

Whistleblowers in Sentara insurance investigation revealed

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Speyside Bourbon Cooperage in Smyth lays off 75 workers

Speyside Bourbon Cooperage in Atkins will lay off 75 employees at the end of April due to slowdowns in the bourbon industry, according to a Worker Adjustment and Retraining Notification (WARN) letter dated Feb. 28. Speyside plans to end second-shift production and third-shift maintenance at the Smyth County facility. Laid-off workers may be recalled “as […]

Industries

Blackstone completes Jersey Mike’s Subs acquisition

A spokesperson for Manasquan, New Jersey-based sandwich chain Jersey Mike’s Subs told NJBIZ that Blackstone completed its acquisition of a majority stake in the company Jan. 16. They added the terms of the deal remain unchanged from the private equity behemoth’s November 2024 announcement. Blackstone did not immediately respond to a request for more information. […]

Real Estate

Feds to consider ‘compelling offers’ for real estate

The Trump administration’s push to sell federal office buildings across the nation appears to be far from dead. A revised version of the “non-core” federal properties list is being prepared, a spokesperson for the General Services Administration, the federal property management agency, stated on Monday. “We anticipate the list will be republished in the near […]

Money

Wall Street tumbles after Trump escalates his trade war

NEW YORK (AP) — Wall Street’s sell-off hit a new low Thursday after President Donald Trump’s escalating trade war dragged the S&P 500 more than 10% below its record, which was set just last month. A 10% drop is a big enough deal that professional investors have a name for it — a “correction” — and the S&P 500’s 1.4% slide on […]

Government

A piece of wreckage is lifted from the water onto a salvage vessel near the site in the Potomac River of a mid-air collision between an American Airlines jet and a Black Hawk helicopter, at Ronald Reagan Washington National Airport, Feb. 4, 2025, in Arlington, Va. (AP Photo/Ben Curtis, file)

Close calls at Washington DC airport raise questions about why changes weren’t made before crash

WASHINGTON (AP) — While Congress pushed ahead last year with adding 10 new daily flights to Washington, D.C.’s Reagan National Airport, many looked past concerns about dangers in the congested skies over the nation’s capital. Squeezing in more flights would only increase the risks, said Virginia’s two senators, who called a near miss between two […]

Hotels/Tourism

Tourism: New attractions open, break ground statewide

Virginia gained several tourism attractions in the last year, from casino resorts to sports facilities, and saw more projects get underway. In 2024, Virginia’s three casinos brought in about $732.2 million in adjusted gaming revenues, up nearly 32% from 2023. Part of that increase can be attributed to the Caesars Virginia casino in Danville, which […]

Healthcare

BTM Business Connect

Unanet Acquires Beltway Software Firm Contraqer to Help GovCons

Unanet today announced it has acquired Contraqer, a leading provider of market intelligence and procurement software for government contractors. With Contraqer, Unanet adds to its robust growth suite of solutions that help GovCons identify, solicit, manage, and win more business. According to Unanet’s most recent GAUGE Report, 45% of GovCons cite lack of business development […]

Movers & Shakers

EVENTS

C-Suite Awards

June 5th, 2025 - 12:00 AM

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

Forty Under 40

May 12th, 2025 - 4:30 PM

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

Best Places to Work in Virginia

March 31st, 2025 - 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[...]

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People

Former Tyson Foods executive to become Dollar Tree CFO

Retired Newport News Shipbuilding prez joins Armada Hoffler board

Mitre names new chief HR officer

Real estate company names president of New Homes Division

Dollar Tree adds three new board members

DXC Technology promotes HR executive

Virginia Agribusiness Council appoints new CEO

Herndon tech distributor names new president

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Bon Secours hires new chief clinical officer for Richmond market

Dr. David Hasleton is the new chief clinical officer for Bon Secours’ Richmond market, the health system announced Thursday. In this role, Hasleton will oversee clinical operations, working with clinical teams, operational leaders and physicians and advanced practice clinicians. Most recently, Hasleton served as chief medical officer for Intermountain Health, a health system headquartered in […]

First Bank names new exec VP and CFO

Former TowneBank President and Chief Operating Officer Brad E. Schwartz will join First National and First Bank as executive vice president and chief financial officer effective March 31. Strasburg-based First National, the bank holding company of First Bank, made the announcement Monday. Schwartz succeeds Shane Bell, who left late last year to become CFO for […]

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Executive to retire after three decades at S.L. Nusbaum

Frank H. Cowling, Jr. a partner and senior vice president of private asset management at S.L. Nusbaum Realty, plans to retire at the end of March after four decades working in commercial real estate, according to a Tuesday announcement by the Norfolk-based real estate development company. Cowling joined S.L. Nusbaum in 1994 as vice president […]

VACU appoints risk management, internal audit officers

Virginia Credit Union and its Member One division announced last week that it has named two executives to oversee risk management and the Chesterfield County-based credit union’s internal audit function. Mike Brunson has assumed the newly created role of executive vice president and chief risk officer. Meanwhile, VACU promoted Kenya Maddox to senior vice president […]

University of Richmond law school dean stepping down next year

The University of Richmond announced Wednesday that Wendy Perdue, dean of the university’s School of Law, is stepping down as dean at the end of the 2025­-26 academic year. Perdue has been the law school dean since 2011 and will remain on faculty as a professor of law following a sabbatical. “Dean Perdue’s leadership, vision, […]

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Opinion

What a difference a debate makes

In defense of UVA Health’s leaders

A BridgeTower to the future

Commentary: Va. ecosystem supports growth

Virginia’s fundamentals remain strong after unsuccessful arena competition

To support a more inclusive workforce, Va. lawmakers must unite around this bill

2024 Big Book intro: Invasion of the bots!

Why Alexandria’s new entertainment district is everyone’s business

Why let Big Tech destroy our climate?

As the globe struggles to meet current climate goals, a new threat is emerging. The threat is coming from Big Tech companies like Apple, Microsoft, Amazon, Alphabet (Google) and Meta (Facebook). Together, these companies represent a sector that dominates the market. At $3.6 trillion, Apple is now seven times the size of ExxonMobil, the nation’s […]

Elon Musk holds a chainsaw handed to him by Argentine President Javier Milei, behind, at the Conservative Political Action Conference (CPAC) in Oxon Hill, Maryland, Feb. 20, 2025. (AP Photo/Jose Luis Magana)

Our View: Making Virginia grate again

For the state where the United States was born and the roots of the American Revolution were planted (see editor’s note below), it’s an ironic fact that Virginia is heavily dependent on the largesse of the federal government. The state’s so-called “Golden Crescent” — the prosperous corridor running roughly along interstates 95 and 64 from […]

Best at Work Insights: Employees’ happiness is overrated

Do we worry too much about how happy employees are? I lead Best Companies Group, a research and advisory firm focused on helping organizations create high-engagement and high-performance cultures, and I certainly believe so. If anything, I think caring about employees’ happiness is overrated. Let me explain. Employee engagement levels have been dropping for years. […]

During a Jan. 30, 2025 White House news conference, U.S. President Donald Trump blamed federal diversity and inclusion promotion efforts for the mid-air crash between American Airlines and a military helicopter over the Potomac River. (Photo by Chen Mengtong/China News Service/VCG via AP )

Trump-led DEI crackdown may leave glass ceilings intact

In the “Mad Men” era of the 1960s and 1970s, when my mother was climbing the corporate ladder at C&P Telephone, she was frequently the only woman at out-of-state national technical trainings for managers. And from her recollection, if the men in the classes weren’t hitting on her, many were resentful or threatened by her […]

Return to uncertainty

In the wake of the Federal Reserve lowering interest rates by half a percentage point in September, the stock market has been setting records, hiring numbers are trending strong, and the inflation rate has been slowly edging downward. Nevertheless, many businesses — and workers — seem to be in a state of anxious uncertainty, awaiting […]

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