For the Record: December 2024

CENTRAL  Richmond-based international foam producer Carpenter acquired omnichannel bedding brand Casper Sleep for an undisclosed amount, it announced Oct. 29. Under the agreement, Casper will operate as a subsidiary of Carpenter. The deal marks the third acquisition Carpenter has made in the past 16 months. In November 2023, Carpenter acquired North Carolina-based NCFI Polyurethanes. That [&helli[...]

Top Five December 2024

1   |  Former NFL, U.Va. football player indicted on embezzlement charges Real estate developer Christopher Harrison was indicted on federal charges connected to a downtown Richmond residential project and Petersburg’s former Ramada Inn. (Oct. 21) 2   |  Navy Federal ordered to refund customers $80 million, pay $15 million civil penalty The Consumer Financial […]

Nominations Now Open for 40 Under 40

Virginia’s Fortune 500 companies

This year, 24 Virginia companies made Fortune magazine’s 70th annual Fortune 500 list, which ranks the nation’s largest corporations by total revenue. Several companies’ fortunes rose, with top-ranked Virginia company Freddie Mac moving up nine spots to No. 36 on the overall Fortune 500, posting $108.05 billion in revenue last year. Meanwhile, Virginia’s second-ranked compa[...]

It’s alive — with possibilities

Just a word of friendly warning: Our November cover story is one of the strangest tales ever told. I think it will thrill you. It may shock you. It might even horrify you. So, if any of you feel you do not wish to subject your nerves to such a strain, now’s your chance to […]

How we assemble the Virginia 500

When I give my elevator speech about the Virginia 500, it usually starts this way: It’s like the Fortune 500, but instead of companies, it’s about people. Unlike the Fortune 500, which ranks companies by gross revenues, this is a more subjective list. Compiled via staff research, we catalog Virginia’s 500 most powerful leaders across […]

Va. edges up to No. 2 in CNBC poll

Cited once more for its educational prowess, Virginia moved from third place last year to second place this year in CNBC‘s annual Top States for Business rankings. Our neighbor to the south, North Carolina, won the top spot for a second year in a row. “Virginia is our most decorated state, a five-time winner,” the […]