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Recent Articles from Katherine Schulte
Volkswagen’s U.S. subsidiary names new president and CEO
Rivian Automotive’s Kjell Gruner will become the new president and CEO of Volkswagen Group of America on Dec. 12, the Reston-headquartered subsidiary of the German automaker announced Tuesday. Gruner succeeds Pablo Di Si, who “has stepped down … on his own request,” according to a news release. Di Si assumed the role in September 2022, […]
ODEC announces next president and CEO
Chris Cosby will become president and CEO of Glen Allen’s Old Dominion Electric Cooperative on Feb. 1, 2025. Cosby succeeds John C. Lee, who has been ODEC’s president and CEO since Sept. 8, 2023, initially serving in an interim capacity. ODEC announced Lee’s retirement, effective Feb. 1, on Monday. He will serve as a senior […]
Inova pays $2.37M to settle False Claims Act allegations
Three Inova Health entities have agreed to pay more than $2.37 million to settle claims that Inova submitted Medicaid claims containing falsified information. The U.S. Attorney’s Office for the Eastern District of Virginia announced on Friday the agreement with Inova Health System Foundation, Inova Health Care Services and Inova Physician Partners, settling the False Claims […]
Specialty coils manufacturer to expand in Chesterfield
Super Radiator Coils, an engineering and manufacturing company based in Minnesota, will invest $22 million to expand in Chesterfield County, creating an estimated 160 jobs, Gov. Glenn Youngkin’s office announced Friday. The company will upgrade machinery and add about 80,000 square feet to its existing approximately 160,000-square-foot facility at 451 Southlake Blvd. The plant has […]
Pittsylvania megasite wins $1.3B battery separator project
Tennessee-based Microporous will invest $1.3 billion to build its battery separator manufacturing facility at the Southern Virginia Megasite at Berry Hill in Pittsylvania County, Gov. Glenn Youngkin announced Wednesday. The company expects the project to create 2,015 jobs. The megasite’s first tenant, Microporous will develop Lot 1 at the park in two phases, with each […]
Va. appoints new DRPT director
Tiffany Robinson is the Virginia Department of Rail and Public Transportation’s new director, Gov. Glenn Youngkin announced Friday. Robinson succeeds Zach Trogdon, who has served as acting director since Jennifer DeBruhl retired July 1. Robinson has almost 15 years of experience in state and local government, according to a DRPT news release issued Tuesday. She […]
MicroStrategy holdings surge in value as bitcoin breaches $87,000
Bitcoin whale Michael Saylor, the executive chairman of Tysons-based tech company MicroStrategy, has reason to gloat today. Under Saylor’s laser-eyed guidance, MicroStrategy has pursued bitcoin as an investment strategy since 2020. The company announced its first bitcoin purchase in August 2020, making it one of the first public companies to convert its cash treasury reserves […]
Navy Federal ordered to refund customers $80M, pay $15M civil penalty
The Consumer Financial Protection Bureau is ordering Navy Federal Credit Union to refund more than $80 million to customers and pay a $15 million civil penalty for allegedly charging illegal overdraft fees. CFPB announced the actions against the nation’s largest credit union on Thursday. CFPB alleges that from 2017 to 2022, Vienna-based Navy Federal charged […]
Omni Homestead GM receives lifetime achievement award
The American Hotel & Lodging Association presented Mark Spadoni, managing director of The Omni Homestead Resort in Bath County, with the association’s General Manager Lifetime Achievement Award on Oct. 28. The association honored Spadoni in San Antonio at its second annual The Hospitality Show conference, cosponsored by Questex’s Hotel Management brand. “I am deeply honored [&hel[...]
Virginians wager $622M on sports in September
Virginians bet $622 million on sports in September, up 19.6% from September 2023, according to Virginia Lottery data released Friday. Virginia bettors won $550.5 million in September. About $618.3 million of September’s gross sports gaming revenues came from mobile operators, and the remaining $3.7 million came from casino retail activity. Virginia currently has three casinos: […]
