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Recent Articles from Kate Andrews
LL Flooring to sell 219 stores; 211 other stores set to close
Henrico County’s LL Flooring, which declared Chapter 11 bankruptcy last month, has signed an agreement to sell 219 stores and other assets to F9 Investments, the company announced Sept. 6. LL Flooring plans to close 211 other stores nationwide, up from 94 stores previously announced. With this agreement, F9 Brands owner Tom Sullivan, the founder […]
Lt. governor files paperwork for Va. gubernatorial run
Lt. Gov. Winsome Earle-Sears filed paperwork Wednesday with the Virginia Department of Elections to run for governor in 2025, in which she will seek the Republican nomination. Although she has not yet announced her decision to run, Earle-Sears posted on X that she is holding a “special event” Thursday evening at Chick’s Oyster Bar in […]
Richmond Flying Squirrels’ new stadium will be CarMax Park
With confetti flying and a DJ playing walk-up music for Richmond‘s mayor and other luminaries, the Richmond Flying Squirrels announced Wednesday that Fortune 500 company CarMax will be naming sponsor for the Squirrels’ new ballpark starting with the 2026 season. The replacement for the Richmond Diamond will be known as CarMax Park, officials with the […]
Peraton taps new chairman, president and CEO
Stu Shea, Peraton’s chairman, president and CEO, has stepped down, and Steve Schorer has been named to succeed him at the Reston-based federal contractor owned by Veritas Capital. According to Tuesday’s announcement, Schorer will start Sept. 9. “On behalf of Peraton and Veritas, I’d like to thank Stu for his many years of service and […]
VACUL announces intent to merge with regional group
The Virginia Credit Union League has signed a letter of intent to consolidate with the League of Southeastern Credit Unions & Affiliates, the trade organization representing credit unions in Alabama, Florida and Georgia. Virginia credit unions will decide this fall whether to merge VACUL’s associations, foundations and service corporations with those of the LSCU, with […]
LL Flooring sells Henrico distribution center for $104M
Read more: LL Flooring to sell 219 stores; 211 other stores set to close LL Flooring has sold its eastern Henrico County distribution center to a limited liability company for $104.75 million, according to documents the Henrico-based flooring company filed with the Securities and Exchange Commission on Tuesday. Formerly known as Lumber Liquidators, LL Flooring […]
W&M gets $100 million boost for coastal research
Jane Batten, the matriarch of a Hampton Roads family known for philanthropy, pledged $100 million to William & Mary in July to boost coastal and marine science research toward finding global solutions for flooding and sea-level rise. The newly named Batten School of Coastal & Marine Sciences will expand the Virginia Institute of Marine Science […]
North Anna gets federal OK to operate through 2060
The Nuclear Regulatory Commission has approved 20-year extensions for North Anna Power Station’s two nuclear reactors, allowing them to operate through 2058 and 2060, Dominion Energy announced Wednesday. The two reactors in Louisa County were originally licensed to operate for 40 years, beginning in 1978 and 1980, and in 2003, the licenses were renewed for […]
Community banking association head Yeakel to retire; successor named
Steve Yeakel, president and CEO of the Henrico County-based Virginia Association of Community Banks, announced Tuesday he will retire at the end of the year, and will be succeeded by Corey Connors, executive director of the Virginia Forestry Association. Connors will join the professional organization in September and assume duties as president and CEO of […]
Va. job creation up in July, but filling jobs remains challenge
Total payroll employment in Virginia grew by 4,800 jobs in July, the Federal Reserve Bank of Richmond reported in its regional economic snapshot Friday, but some employers are having difficulty filling jobs. A U.S. Bureau of Labor Statistics survey released Tuesday said that the number of hires in Virginia in June dropped by 33,000 since […]
