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Averett president steps down after 3 months, citing wife’s illness

David Joyce stepped down Friday as the 15th president of Averett University due to a family medical matter, according to the Danville private school. “It is with a heavy heart I share that my wife, Lynne, has experienced a serious medical diagnosis that will require our fulltime attention,” Joyce said in a statement. “Lynne and […]

Dr. Craig Kent was CEO of UVA Health until his resignation in February 2025. Photo courtesy University of Virginia

U.Va. med school faculty, clinical leaders defend those who backed CEO’s resignation

latest news

A map of VGR's region showing the incorporation of Emporia, Greensville and Brunswick. Image courtesy Virginia's Gateway Region

Virginia’s Gateway Region adds three localities to footprint

Virginia’s Gateway Region Economic Development Organization announced Thursday that its board of directors voted three additional Virginia localities — the city of Emporia, along with Greensville and Brunswick counties — into its geographic footprint. Based in Colonial Heights, the VGR is a private nonprofit economic development organization that works closely with the Virginia Economic Development […]

Industries

Photo courtesy CarMax

CarMax leaves Martin Agency, transfers ad account to L.A. firm

Fortune 500 used car retailer CarMax, headquartered in Goochland County, has chosen a new creative agency of record, leaving Richmond-based marketing and ad firm The Martin Agency, which held the account since 2019. The nation’s largest used car retailer announced Wednesday it has appointed 72andSunny’s Los Angeles office as its creative AOR “following a competitive […]

Real Estate

CoStar shakes up board of directors

Arlington County-based real estate data and analytics company CoStar Group is making major changes to its board of directors and launching a committee to scrutinize its finances as part of an agreement it entered with New York hedge funds D. E. Shaw group and Third Point. As part of the terms of the agreement, which […]

Money

The Latest: Asia and European shares sink as US tariffs take effect

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days but raised his tax rate on Chinese imports to 125%. U.S. markets surged in response. The S&P 500 was up 7.8% in afternoon trading. It had been down earlier in the morning amid worries […]

Government

Travelers walk along a concourse at Reagan National Airport on July 19, 2024, in Arlington. (AP Photo/Mark Schiefelbein, file)

Plane’s wing tip hits another aircraft at Reagan National airport

ARLINGTON (AP) — The wing tip of an American Airlines plane struck another plane from the same airline on a taxiway of the Ronald Reagan Washington National Airport in Arlington County on Thursday, authorities said. No injuries were reported. The wing tip of an aircraft heading to Charleston, South Carolina, struck a plane en route […]

People

Xpect Solutions has appointed Jeff Dohmann as its chief financial officer. Photo courtesy Xpect Solutions

Xpect Solutions names new CFO

Fairfax County-based Xpect Solutions — an IT, cyber and infrastructure solutions provider to federal agencies — announced Tuesday that it has appointed Jeff Dohmann as chief financial officer. Dohmann has experience from financial leadership roles across private equity-backed firms in the federal sector. He was most recently interim CFO at Reston-based Raft and previously served […]

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

Hourigan – Mark Hourigan Jr.

Director of Advanced Manufacturing & Logistics As the demand for advanced manufacturing and reshoring production accelerates, Mark Hourigan Jr. is leading Hourigan’s efforts to support[...]

EVENTS

C-Suite Awards

June 5th, 2025 - 11:30 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

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[...]

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Around The Nation

Apple has few incentives to start making iPhones in U.S., despite Trump’s trade war with China

Another U-Turn: Trump reverses tariffs that caused market meltdown, but companies remain bewildered

US stocks dive as euphoria on Wall Street reverts to fear about US-China trade war

The Latest: S&P 500 falls 2% at the open despite Trump’s tariff pause

Microsoft says it’s ‘slowing or pausing’ some AI data center projects, including $1B plan for Ohio

North Carolina furniture manufacturer: Business is great; Trump’s tariffs are one reason

Trump’s latest round of tariffs have taken effect — and more retaliation is coming. What we know

Trump signs executive orders to boost coal, a reliable but polluting energy source

Freak sell-off of ‘safe haven’ US bonds has Wall Street rattled

NEW YORK (AP) — The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds. Normally, investors rush into Treasurys at a whiff of economic chaos but now they are selling them […]

US stocks climb in shaky trading but the US dollar and government bonds sink as trade-war fears rise

NEW YORK (AP) — U.S. stocks are climbing in shaky trading Friday as President Donald Trump’s trade war with China escalates further and U.S. households get more worried about it. Gold’s price is rising, the U.S. dollar’s value is falling and other financial markets are also swinging in indications of fear about where the U.S. economy will ultimately fit in the world’s. The […]

JPMorgan logs Q1 profit of $14.6 billion as CEO warns of uncertainty over global trade, other events

NEW YORK (AP) — JPMorgan’s net income rose 9% to $14.6 billion in the first quarter and the New York bank beat Wall Street’s profit and revenue targets, but it’s chief executive warned of global economic uncertainties ahead due to President Donald Trump’s ongoing trade war and other geopolitical tensions. CEO Jamie Dimon said a strong performance […]

The Latest: Global tariff battle escalates as China retaliates with 125% tariffs on US goods

China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% — the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown. While U.S. President Donald Trump paused import taxes this week for other countries, he raised tariffs on China and […]

Wayfair to vendors: Hold off on tariff increases

BOSTON — In a letter to vendors, Niraj Shah, CEO and co-founder of digitally native home furnishings retailer Wayfair, urged patience and timing as it relates to any tariff-related price increases. The letter, sent on April 8 and obtained by Furniture Today, highlighted Shah’s thoughts on how to navigate the landscape, impacted by the Trump administration’s tariff […]

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Opinion

Trump-led DEI crackdown may leave glass ceilings intact

Return to uncertainty

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

Elon Musk, left, shakes hands with President Donald Trump at the finals for the NCAA wrestling championship, Saturday, March 22, 2025, in Philadelphia. (AP Photo/Matt Rourke)

Our View: Trump charts chaotic course in trade wars

Since taking office on Jan. 20 for his second term, President Donald Trump has steered the ship of state full speed on a seemingly chaotic course, mostly navigating an about-face from the Biden administration’s policies and only very occasionally zigzagging away from buffeting winds of public disapproval. In support of making progress on the administration’s […]

Brian K. Revere, president, Breeden Construction

Constructing change

The construction industry has long been perceived as a male-dominated field, but diversity is not just a moral imperative — it’s a strategic advantage. While the National Association of Home Builders reports that women currently make up approximately 10.8% of the U.S. construction workforce — an increase from 9.3% in 2002 — there is still […]

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. […]

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