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Recent Articles from Richard Foster
The antacid
For every parent who’s ever downed a Prilosec-and-Maalox cocktail while making out an eye-popping college tuition check, there comes a moment when they may look askance at how universities are spending their money. After all, the same schools that send entreaties to contribute to billion-dollar capital campaigns have dramatically increased tuition — and administrative compensation [&hellip[...]
Magic Johnson won’t rule out renaming Commanders
Could the Washington Commanders get a new name? NBA legend Magic Johnson, one of the Ashburn-based NFL team’s new co-owners, wouldn’t rule out the possibility during an interview Friday morning with Craig Melvin on NBC’s “Today” show. “Everything is on the table, right? Especially after the last year,” the former Los Angeles Lakers star point […]
NFL owners approve $6.05B sale of Washington Commanders
Dan Snyder‘s controversial 24-year tenure as the embattled owner of the Ashburn-based Washington Commanders has come to an end with the record $6.05 billion sale of the team — and a $60 million fine from the NFL. In a special meeting Thursday, all 32 NFL team owners unanimously approved the team’s sale to a partnership […]
Dominion sells interest in Md. LNG facility for $3.5B
Dominion Energy Inc. has sold its remaining interest in the Cove Point natural gas liquefaction facility in Maryland to Berkshire Hathaway Energy for $3.5 billion, the Richmond-based Fortune 500 utility announced Monday. Dominion will clear about $200 million from the sale, according to a company news release. Total after-tax proceeds of about $3.3 billion will […]
Virginia Business wins three national journalism awards
Virginia Business won three national journalism awards Monday during The Alliance of Area Business Publishers’ (AABP) 2023 Editorial Excellence Awards ceremony, held in Detroit. Virginia Business Deputy Editor Kate Andrews placed gold in the Best Coverage of Local Breaking News category for medium-size business publications for her coverage of the Nov. 22, 2022, workplace shooting […]
The stuff of dreams
Whether it’s aiming to solve a problem, build a better mousetrap or simply make a better life for themselves and their families, entrepreneurs start their businesses with a dream. And it’s in recognition of these visionary innovators that Virginia Business is pleased to debut StartVirginia, a new annual publication devoted to startups and the entrepreneurial […]
$5.4B Tegna sale is terminated
The deadline has expired on hedge fund Standard General LP’s $5.4 billion bid to acquire Tysons-based publicly traded broadcasting giant Tegna Inc. The largest owner of NBC affiliates, Tegna has 64 television stations in 51 U.S. markets and reaches 39% of all television households nationwide. The stalled agreement was terminated after the acquisition’s deadline expired […]
Virginia Business wins 18 Va. Press Association awards
Virginia Business won 18 awards in the Virginia Press Association’s 2022 News & Advertising Contest, taking a Best in Show prize for illustration and sweeping the News Writing Portfolio category, the state organization announced Saturday. The annual contest recognizes excellence in design, writing, photography, illustrations and advertising in participating publications across Virginia f[...]
Our new AI overlords
A worker who never tires — who never needs to take a coffee break, who doesn’t get sick, who doesn’t disagree and who doesn’t have a messy home life or those pesky families that get in the way of productivity. And most importantly, a worker who doesn’t require a paycheck. For some CEOs, that’s the […]
The 23rd 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 20 categories of legal specialties. In compiling the Legal Elite, Virginia Business contacted more than 14,000 attorneys and more […]
