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Recent Articles from Katherine Schulte
Winchester cabinet manufacturer closing Orange plant
Winchester-based cabinet manufacturer American Woodmark is closing its manufacturing facility in Orange, laying off 131 employees. The company notified the state of the closure Jan. 7 in compliance with the Worker Adjustment and Retraining Notification Act. The layoffs at the plant, located at 281 Kentucky Road, will take effect March 24. American Woodmark did not […]
Norfolk casino developers select construction management team
A joint venture between Virginia Beach-based S.B. Ballard Construction and Mississippi-based Yates Construction — the companies that built Rivers Casino Portsmouth — will lead construction of the $750 million Norfolk casino resort. The casino development partners, Boyd Gaming and the Pamunkey Indian Tribe, announced the selection of Yates/Ballard as construction manager Tuesday. “These two o[...]
CFPB sues Capital One, claiming bank avoided paying $2B in interest
The Consumer Financial Protection Bureau has sued Capital One and its McLean holding company, Capital One Financial, alleging the companies cheated millions of consumers out of more than $2 billion in interest payments, the federal agency announced Tuesday. Capital One, the CFPB alleges, promised customers that its flagship 360 Savings account provided one of the […]
Amentum lands Air Force contract worth almost $448M
Amentum Services has won a $447.9 million Air Forces Central Command contract, the Chantilly-based federal contractor announced Thursday. Under the Air Forces Central Command Global Prepositioned Materiel Services contract, Amentum will provide and update prepositioned storage and maintenance solutions for the Ninth Air Force. “This win demonstrates our expertise in delivering smart asset manage[...]
Here’s what Richmond Fed chief forecasts for 2025 economy
The economic forecast for 2025 is sunny, with a high chance of business optimism, according to Federal Reserve Bank of Richmond President and CEO Tom Barkin, who spoke Thursday during the virtual 2025 Financial Forecast held by the Virginia Bankers Association and the Virginia Chamber of Commerce. “I went back this morning and looked at […]
Leidos wins TSA contract worth up to $2.6B
Reston-based Fortune 500 federal contractor Leidos has won Transportation Security Administration contract worth up to $2.6 billion, according to a Tuesday notice on SAM.gov. TSA awarded the TSA Checkpoint Integrated Logistics Support Services contract for checkpoint maintenance services on Dec. 31, 2024. According to the request for proposals issued in April 2024, the contractor will be [&hellip[...]
ICF acquires tech, advisory services company
Reston-headquartered consulting and tech services provider ICF has acquired New York-based tech and advisory services company Applied Energy Group from Ameresco, it announced Tuesday. Financial details of the transaction were not disclosed. Massachusetts-based energy efficiency and renewable energy company Ameresco acquired Applied Energy Group in 2011. “This transaction aligns with our stra[...]
Herndon office building portfolio sells for $51M
A portfolio of four office buildings in Herndon sold for $51 million, Finmarc Management announced Thursday. Dubbed Dulles Corner, the four buildings comprise nearly 620,000 square feet of Class A office space. Located at the intersection of Dulles Toll Road and Virginia Route 28, the properties are: 2411 Dulles Corner Park, an eight-story, nearly 180,000-square-foot […]
Buc-ee’s estimates first Va. location to open in June
Leave it to beaver — the behatted mascot of mega-travel center chain Buc-ee’s, that is. Texas-based Buc-ee’s projects it will open its first travel center in Virginia — its 74,000-square-foot Rockingham County location — on June 30, although the opening date is not set in stone, Buc-ee’s Media Coordinator Crissy Gonzales noted in an email […]
Virginians bet almost $761M on sports in Nov. 2024
Virginians bet more than $760.96 million on sports in November 2024, 19.1% more than they bet in November 2023, according to Virginia Lottery data released Tuesday. Virginia bettors won more than $674.6 million in November. About $756.76 million of November’s gross sports gaming revenues came from mobile operators, with the other $4.2 million coming from […]
