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Home>Richard Foster

Richard Foster

[email protected]

Recent Articles from Richard Foster

FILE - A sign for the Internal Revenue Service building in Washington, on May 4, 2021. (AP Photo/Patrick Semansky, File)
Around The Nation March 28, 2025

IRS crime fighting arm announces modernization program as financial crimes use more tech

WASHINGTON (AP) — As the nature of financial crime changes, with technology and AI increasingly used to perpetrate illegal acts, the IRS’ crime fighting arm —IRS Criminal Investigation— is announcing a new program intended to improve how it interacts with financial institutions. Called Feedback in Response to Strategic Threat —or CI-FIRST— the program unveiled Friday is intended [...]

Unifor auto workers stand behind Liberal Leader Mark Carney as he speaks during a campaign stop at the Ambassador Bridge in Windsor, Ont., on Wednesday, March 26, 2025. (Frank Gunn /The Canadian Press via AP)
Around The Nation March 26, 2025

Canadian Prime Minister Carney says trade war is hurting Americans, noting consumer confidence

TORONTO (AP) — Canadian Prime Minister Mark Carney said Wednesday U.S. President Donald Trump’s trade war is hurting Americans, noting that American consumer confidence is at a multi-year low. Carney also said the kinship that exists between U.S. and Canada is under more strain than at any point in the two countries storied histories. “His trade war is hurting American consumers [&[...]

FILE - A for sale sign stands outside a single-family home Thursday, June 27, 2024, in Englewood, Colo. (AP Photo/David Zalubowski, File)
Real Estate March 20, 2025

US home sales rose in February as mortgage rates eased and more homes put up for sale

LOS ANGELES (AP) — Sales of previously occupied U.S. homes rose in February as easing mortgage rates and more properties on the market encouraged home shoppers. Existing home sales rose 4.2% last month from January to a seasonally adjusted annual rate of 4.26 million units, the National Association of Realtors said Thursday. Sales fell 1.2% […]

A pair of traders work on the floor of the New York Stock Exchange, Wednesday, March 12, 2025. (AP Photo/Richard Drew)
Money March 14, 2025

Wall Street rallies to its best day in months, but that’s not enough to salvage its losing week

NEW YORK (AP) — U.S. stocks rallied to their best day in months on Friday as Wall Street’s roller coaster suddenly shot back upward. That still wasn’t enough to keep the U.S. market from a fourth straight losing week, its longest such streak since August. The S&P 500 jumped 2.1% a day after closing more than 10% […]

Elon Musk holds a chainsaw handed to him by Argentine President Javier Milei, behind, at the Conservative Political Action Conference (CPAC) in Oxon Hill, Maryland, Feb. 20, 2025. (AP Photo/Jose Luis Magana)
Our View February 28, 2025

Our View: Making Virginia grate again

For the state where the United States was born and the roots of the American Revolution were planted (see editor‘s note below), it’s an ironic fact that Virginia is heavily dependent on the largesse of the federal government. The state’s so-called “Golden Crescent” — the prosperous corridor running roughly along interstates 95 and 64 from […]

During a Jan. 30, 2025 White House news conference, U.S. President Donald Trump blamed federal diversity and inclusion promotion efforts for the mid-air crash between American Airlines and a military helicopter over the Potomac River. (Photo by Chen Mengtong/China News Service/VCG via AP )
Opinion January 30, 2025

Trump-led DEI crackdown may leave glass ceilings intact

In the “Mad Men” era of the 1960s and 1970s, when my mother was climbing the corporate ladder at C&P Telephone, she was frequently the only woman at out-of-state national technical trainings for managers. And from her recollection, if the men in the classes weren’t hitting on her, many were resentful or threatened by her […]

Virginia’s Top Doctors 2025
Top Doctors January 3, 2025

Virginia’s Top Doctors 2025

From stitching up childhood scrapes to guiding us through life’s most challenging diagnoses, doctors are the backbone of our health and well-being. Few decisions carry as much weight as choosing the right physician, whose expertise and compassion can shape the trajectory of our lives. And with four major medical schools statewide, Virginia is home to […]

Profits follow culture at Williams Mullen
latest news November 30, 2024

The 25th edition of the Virginia Business Legal Elite

Launched in cooperation with the Virginia Bar Association in 2000, Virginia Business’ Legal Elite polls lawyers licensed to practice in Virginia each year, asking them to identify which of their peers are the top attorneys across 21 legal specialties. Additionally, up-and-coming attorneys are recognized under the Young Lawyer category. In compiling the 25th edition of […]

Dr. Marlon Levy
Healthcare November 11, 2024

After two years, VCU Health makes Levy permanent CEO

Two years after he first became interim CEO, Dr. Marlon F. Levy has been named VCU Health System’s permanent head. Virginia Commonwealth University announced Monday that Levy’s interim roles as the Richmond-based health system’s CEO and senior vice president for VCU Health Sciences were made permanent in appointments by the VCU Board of Visitors and […]

Introducing Movers and Shakers
Top Stories November 4, 2024

Introducing Movers and Shakers

Virginia Business is pleased to introduce our new Movers and Shakers feature that will allow Virginia businesses and organizations to announce your new employees, promotions, board positions, community notes and leaders to our influential audience. Our editorial team will continue to report on the Virginia business community as we always have, but we are not […]

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Top Stories

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States’ $7.4B settlement with Purdue Pharma nears closure

Fifty-five attorneys general have agreed to sign on to a $7.4 billion nationwide settlement with Pur[...]

A man wearing a navy blue blazer

New Virginia Beach economic development chief resigns suddenly

Virginia Beach’s new economic development director, Christian Green, resigned Wednesday after serv[...]

L to R: FBI director Kash Patel and U.S. Sen. Katie Britt, R-Ala, during an April tour of the FBI’s facilities in Huntsville. Photo courtesy U.S. Sen. Katie Britt's office.

Virginia leaders respond to reports of possible FBI academy move from Quantico

Virginia Democratic leaders oppose FBI's proposed plan to relocate its national training academy fro[...]

President Donald Trump speaks to reporters after arriving on Air Force One, Tuesday, June 10, 2025, at Joint Base Andrews, Md. (AP Photo/Alex Brandon)

Trump says US gets rare earth minerals from China and tariffs on Chinese goods will total 55%

President Trump announces a new trade framework with China including 55% U.S. tariffs and rare earth[...]

Virginia Senate Dems refuse to confirm Cuccinelli, other Youngkin board nominees

Virginia Senate Dems refuse to confirm Cuccinelli, other Youngkin board nominees

In a Monday evening vote, Democrats on a Virginia State Senate committee declined to confirm eight o[...]

Molina Healthcare to close Henrico office, laying off 268 workers

Molina Healthcare to close Henrico office, laying off 268 workers

Molina Healthcare, a Fortune 500 company that manages health care services for Medicaid and Medicare[...]

People

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Hubbard Peanut Co. names new CEO

10/6/2025

Danny Deep. Photo courtesy General Dynamics

General Dynamics promotes EVP to global operations

5/6/2025

Rajeev Rai. Photo courtesy Groundworks

Virginia Beach-based Groundworks hires CTO

30/5/2025

Regions

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business

Lego to build $366M Prince George County warehouse

Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 [...]

Companies sue over Valley medical marijuana permit

Companies sue over Valley medical marijuana permit

Seven businesses are suing Virginia over a disputed medical marijuana permit in the Shenandoah Valle[...]

Heard Around Virginia and the nation

Heard Around Virginia May 2025

A roundup of monthly business news from regions across Virginia including Central Virginia, Northern[...]

New law to reduce Appalachian Power rates

New law to reduce Appalachian Power rates

Virginia passes the APCo Rate Reduction Act, cutting electric bills for Appalachian Power customers [...]


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