Recent Articles from Kate Andrews
If Trump tariffs linger, Va. maritime industry will feel pain, experts say
With President Donald Trump‘s self-branded “Liberation Day” anticipated to bring a rollout of new tariffs April 2 that Trump says will free the United States of dependence on foreign-made goods, many businesses and citizens are wondering what will happen next, with skyrocketing consumer prices and supply costs among their worries. On Monday, the president said he […]
Henrico to rebid arena project at former Best Products campus
Henrico County announced Thursday it is rebidding the development rights for the former Best Products headquarters campus, the site where the failed $2.3 billion GreenCity development had been planned. GreenCity officially met its demise after developers failed to make more than $5 million in overdue payments by a March 13 deadline, and the county said […]
Merrick leaving as state commerce secretary
Caren Merrick, Virginia’s commerce and trade secretary, said in a LinkedIn post that she is leaving Gov. Glenn Youngkin’s administration. According to a Washington Post story Thursday, Merrick turned down the job of state secretary of natural resources. The Post reported that Youngkin offered Merrick the natural resources job in order to name her chief […]
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, […]
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 […]
HII wins contract for Australian submarine supplier pilot program
Newport News-based Huntington Ingalls Industries has been awarded a contract from the Australian government to develop and run the new Australian Submarine Supplier Qualification (AUSSQ) pilot program that will build a submarine supply chain between the United States and Australia over the next two years, HII announced March 11. The contract’s initial value is about […]
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, […]
$120M TowneBank-Village Bank acquisition approved by state, FDIC
Suffolk-based TowneBank’s $120 million acquisition of Midlothian’s Village Bank and Trust Financial Corp. has been approved by the FDIC and the Virginia State Corporation Commission, clearing the way for a completed deal in early April, the two banks said Tuesday. Announced in September 2024, the combined bank, which will still be known as TowneBank, will […]
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 [[...]
Trump family business sues Capital One for closing accounts in 2021
Just after Capital One escaped a federal watchdog lawsuit that was suddenly dropped last month, it’s back in legal hot water, this time courtesy of President Donald Trump‘s family business. On March 7, multiple entities connected with the Trump Organization sued the McLean-based bank for terminating more than 300 Trump Organization bank accounts following the Jan. […]