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Virginia Supreme Court to hear appeal of reversal of $2B judgment for Appian

The Supreme Court of Virginia has agreed to hear a petition from software company Appian, asking to reinstate a 2022 judgment worth about $2.04 billion in a trade secrets verdict against a competitor. It’s the latest turn in the battle between Appian, which is based in Fairfax County’s McLean area, and rival Pegasystems. In 2022, […]

TowneBank is set to acquire Village Bank and its parent company in April 2025. Photo by AdobeStock

$120M TowneBank-Village Bank acquisition approved by state, FDIC

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Randolph-Macon College names next president

Ashland’s Randolph-Macon College has chosen Michael E. Hill as its 16th president, effective Aug. 1, the college announced Tuesday. Hill is currently president of Chautauqua Institution, a western New York nonprofit educational institution for children and adults that runs extensive theater, music and other arts programming during its nine-week summer season. He will succeed Randolph-Macon […]

Industries

Metal fabrication company expanding Virginia headquarters

Virginia Gov. Glenn Youngkin announced Tuesday that service disabled- and veteran-owned metal fabrication company TST Fab & Machine is investing $3 million to expand its existing Norfolk headquarters, with plans to create 56 jobs. Headquartered at 1060 W. 27th Street in Norfolk, the company fabricates sheet metal and manufactures machine parts for the Navy. The […]

Real Estate

Rendering of a tall brick building.

231-unit apartment complex near U.Va. slated to open in 2027

Work began in mid-February on Blume on Ivy, a 231-unit apartment building on Ivy Road, near the University of Virginia’s School of Data Science. The project is being developed by Up Campus Student Living, a Chicago-based investor, developer and manager of student housing and campus-area real estate. It’s slated to open in fall 2027. A […]

Money

Capital One, Discover shareholders approve $35.3B acquisition

The proposed $35.3 billion blockbuster acquisition of Discover Financial Services by Capital One Financial has been approved by each company’s shareholders, the credit card giants announced Tuesday. Stockholders representing 85.1% of the total number of outstanding shares of Capital One common stock were in favor of the acquisition at a Tuesday meeting held in McLean. […]

Government

HII installs 3D printed valve manifold assembly on aircraft carrier

Huntington Ingalls Industries announced Tuesday that it has successfully used additive manufacturing for the first time to build a valve manifold assembly for a new construction aircraft carrier at HII’s Newport News Shipbuilding subsidiary. NNS says it is integrating additive manufacturing, also known as 3D printing, into the shipbuilding process and is pursuing all opportunities […]

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

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

Leidos names new chief growth officer

Peraton taps new senior vice president of talent acquisition

A man wearing a blazer and a tie.

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, […]

Dollar Tree retail store

Former Tyson Foods executive to become Dollar Tree CFO

Chesapeake-based Fortune 500 discount retailer Dollar Tree announced Wednesday that former Tyson Foods executive Stewart Glendinning will become the company’s next chief financial officer, effective March 30. Glendinning joined the company earlier this year in a senior role focused on transformation initiatives, including key areas within the company’s finance organization. He is succeeding Jeff Davis, […]

Retired Newport News Shipbuilding prez joins Armada Hoffler board

Virginia Beach-based real estate investment trust Armada Hoffler announced Monday that it has appointed former Newport News Shipbuilding President Jennifer Boykin to the company’s board of directors. “We are excited to welcome Mrs. Boykin to our board of directors,” Armada Hoffler President and CEO Shawn Tibbetts said in a statement. “Her extensive leadership experience and […]

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Opinion

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

Saving grace

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 […]

What a difference a debate makes

Less than three months ago, President Joe Biden — you remember him, right? — stepped down from his bid for a second term and threw his support behind Democratic nominee Vice President Kamala Harris, radically redefining this fall’s presidential race. Just before that happened, we were beginning to write this month’s cover story about the […]

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