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Recent Articles from Sydney Lake
52K Virginians filed jobless claims last week
More than 52,000 Virginians filed initial claims for unemployment last week, according to the Virginia Employment Commission, a decrease of approximately 7,000 jobless claims from the week prior. “Though the 12.6% weekly decline indicates that the volume of initial claims has retreated from its recent peak, it may not return to pre-pandemic levels for some […]
Greater Washington Partnership names CEO
The Greater Washington Partnership (GWP) announced Wednesday that JB Holston will become the organization’s CEO in September. Founded in 2017, GWP is an alliance of 27 CEOs and business leaders in the region that focuses on economic development for the greater Washington region, including parts of Northern Virginia, Richmond and Baltimore. Holston succeeds the organization’s […]
Va. Beach property management firm names director
Virginia Beach-based property management firm The Lawson Cos. announced Wednesday that David Carneal will be its director of property management. He will be responsible for management of the company’s portfolio of more than 5,500 units and will oversee the company’s six regional property managers. Carneal was most recently president and senior vice president at Midlothian-based [&helli[...]
Nearly 3M Americans filed jobless claims last week
More than 2.98 million people in the United States filed initial claims for unemployment last week, according to U.S. Department of Labor statistics, marking a total of more than 36 million Americans who have filed jobless claims during the last eight weeks in the wake of the economic devastation brought on by the COVID-19pandemic. Last […]
Vienna-based OnLocation Inc. acquired by KeyLogic Systems
Vienna-based OnLocation Inc. has been acquired by KeyLogic Systems Inc., a subsidiary of McLean-based IIA Technologies Corp., the companies announced Wednesday. Financial terms of the transaction were not released. KeyLogic Systems is a Morgantown, West Virginia-based company that provides energy, data and power grid services to government agencies. OnLocation is an information and analytics com[...]
Alphabet invests in Herndon cybersecurity startup
Herndon-based cybersecurity startup Expel announced Wednesday it received $50 million in Series D Round venture capital funding. CapitalG, the growth fund of Google LLC’s parent company Alphabet Inc., led the round. CapitalG General Partner Gene Frantz will also join Expel’s board of directors. Battery Ventures, Greycroft, Index Ventures, Paladin Capital Group and Scale Venture Partner[...]
Va. airports saw drastic decline in passengers for April
Airports across the state saw significant drops in passenger numbers during March and April, while most people sheltered in place and canceled travel plans during the pandemic. On Tuesday, Norfolk International Airport reported a 94.2% decrease in passenger activity for April. In April 2019, the airport had more than 17 times the amount of passengers […]
U.Va. research to inform COVID-19 drug treatment
The University of Virginia School of Medicine announced Tuesday that results from a 2019 U.Va. study are being used to inform a national study looking into the effectiveness of the antidepressant medication fluvoxamine as a potential treatment for COVID-19. Researchers at Washington University School of Medicine in St. Louis say the drug may prevent dangerous […]
Excella wins $20B federal contract for IT services
Arlington-based software and information technology management company Excella announced Wednesday it was awarded a contract worth up to $20 billion from the National Institutes of Health Information Technology Acquisition and Assessment Center (NITAAC). “We pride ourselves on our industry-leading expertise in modernizing IT across the federal government,” Excella co-founder and CEO Bu[...]
Richmond pharmaceutical company expands into Canada
Richmond-based pharmaceutical company Kaléo announced Wednesday it is expanding its market to Canada, offering its epinephrine auto-injector Allerject. The product used to treat severe allergic reactions will be available in pharmacies across Canada starting May 19. In response to a shortage of EpiPen in Canada in 2018, Kaléo’s original epinephrine auto-injector Auvi-Q was available in [[...]
