latest news

U.Va. eyes $72M replacement data center
The University of Virginia’s data center is nearing its maximum capacity. So, school leaders think it’s time to build a new one, estimated to cost $72 million, to aid faculty and researchers in their work. “We can already see that our researchers are experiencing significant delays in their ability to access the computational resources,” Kelly […]
Industries

Power outage at Virginia International Gateway leads to port backup
Power was out early morning Friday at the Virginia International Gateway, the privately owned Portsmouth container terminal leased by the Port of Virginia, leading to a several-hour halt in service while electricity was restored and the terminal’s systems were restarted. According to port spokesman Joe Harris, the outage occurred for about four hours, and electricity […]
Real Estate

US home sales rose in February as mortgage rates eased and more homes put up for sale
LOS ANGELES (AP) — Sales of previously occupied U.S. homes rose in February as easing mortgage rates and more properties on the market encouraged home shoppers. Existing home sales rose 4.2% last month from January to a seasonally adjusted annual rate of 4.26 million units, the National Association of Realtors said Thursday. Sales fell 1.2% […]
Money

Stock market today: Wall Street slips and heads for a fifth straight weekly loss
NEW YORK (AP) — Stocks fell in morning trading Friday and Wall Street is veering toward its fifth straight weekly loss. The S&P 500 fell 0.6%. The index, which is a benchmark for the broader market’s health, is facing its worst weekly losing streak in nearly two years. The Dow Jones Industrial Average fell 228 […]
Government

Eyeing China threat, Trump announces Boeing wins contract for secretive future fighter jet
WASHINGTON (AP) — President Donald Trump announced Friday that Boeing will build the Air Force’s future fighter jet, which the Pentagon says will have stealth and penetration capabilities that far exceed those of its current fleet and is essential in a potential conflict with China. Known as Next Generation Air Dominance, or NGAD, the manned […]
People

Virginia Beach-based Groundworks names new president, COO
Groundworks, a Virginia Beach-based foundation and water management solutions company, has promoted two senior executives to president and chief operating officer. Michael Mullican, who joined Groundworks over a year ago as chief financial officer, has been named president and retains his CFO title, and Jeffrey Martin, most recently Groundworks’ chief revenue officer, is now COO, […]
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