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An aerial view of the Boar's Head processing plant that was tied to a deadly food poisoning outbreak Aug. 29 in Jarratt. Photo courtesy AP Photo/Steve Helber

Boar’s Head agrees to $3.1M settlement tied to recalled meat products

Boar’s Head Provisions’ recall of 7 million pounds of deli meat due to a deadly listeria outbreak last year, which put 60 people in the hospital and killed 10 others, has resulted in a class action lawsuit and a proposed $3.1 million settlement. The July 2024 outbreak originated at Boar’s Head meat production facility in […]

S&P 500 soars 9.5% to one of its biggest gains since WWII after Trump pauses most tariffs

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Mark T. Esser is the incoming head of the University of Virginia's Manning Institute of Biotechnology. Photo courtesy UVA Health

U.Va. hires AstraZeneca exec to lead Manning biotech institute

Mark T. Esser, vice president for vaccines and immune therapies at pharmaceutical giant AstraZeneca, will be the inaugural chief scientific officer and leader of the Paul and Diane Manning Institute of Biotechnology at the University of Virginia, U.Va. announced Thursday. Esser, who will join U.Va. May 1, earned a Ph.D. in microbiology in 1998 from […]

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

Man wearing a suit and tie sits in front of a brick building.

Averett files lawsuit alleging ex-CFO, firm ‘drained’ school’s endowment fund

Danville private university Averett University has filed a federal lawsuit alleging its former chief finance officer worked with an investment firm to conceal illicit draws of its endowment that were then used to cover budget deficits. In a complaint filed March 26 in the U.S. District Court for the Western District of Virginia, Averett states […]

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

The University of Virginia Foundation has named Deborah van Eersel as its next CEO. Photo courtesy University of Virginia Foundation

University of Virginia Foundation promotes new CEO

The University of Virginia Foundation has named Deborah van Eersel as its next CEO, effective July 1. Currently the foundation’s chief administrative officer, she will succeed Tim Rose, who is retiring after 33 years at its helm, U.Va. announced in late January. The foundation’s directors formally approved the decision to promote van Eersel at a […]

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 - 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

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

The Latest: Trump expected to sign executive orders to boost coal

US stocks drop after another stunning day of reversals as uncertainty reigns about Trump’s tariffs

Will the tariffs lead to a recession? Here’s how to know if we’re in one

Wall Street could be headed for a bear market. Here’s what that means

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 […]

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

SAN FRANCISCO (AP) — President Donald Trump’s administration has been predicting its barrage of tariffs targeting China will push Apple into manufacturing the iPhone in the United States for the first time. But that’s an unlikely scenario even with U.S tariffs now standing at 145% on products made in China — the country where Apple […]

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

WASHINGTON (AP) — President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while escalating his trade war with China. The moves triggered a powerful stock market rally on Wall Street but left businesses, investors and America’s trading partners bewildered about […]

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

NEW YORK (AP) — U.S. stocks dove Thursday and surrendered a chunk of their historic gains from the day before as President Donald Trump’s trade war continues to threaten the economy. The S&P 500 tumbled 3.5%, slicing into Wednesday’s surge of 9.5% following Trump’s decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average dropped 1,014 points, or […]

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

U.S. stocks are giving back some of their historic gains from the day before as Wall Street weighs a global trade war that has cooled in temperature but is still threatening the economy. The S&P 500 was down 2.3% early Thursday, a day after surging 9.5% following President Donald Trump ’s decision to pause many of his tariffs […]

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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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