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Capital One, Discover shareholders approve $35.3B acquisition
The proposed $35.3 billion blockbuster acquisition of Discover Financial Services by Capital One Financial has been approved by each company’s shareholders, the credit card giants announced Tuesday. Stockholders representing 85.1% of the total number of outstanding shares of Capital One common stock were in favor of the acquisition at a Tuesday meeting held in McLean. […]
2025 Virginia Black Business Leaders Awards: Regina Johnson Elbert
Elbert was named to her current post in January 2024, having held human resources and legal leadership roles at Dominion since 2011. She earned her bachelor’s degree at the University of Virginia and law degree from Harvard and was an associate at McGuireWoods previously. Elbert serves on boards for the Center for Energy Workforce Development […]
2025 Virginia Black Business Leaders Awards: Carlos M. Brown
Brown assumed his current posts in January 2024 but joined the Fortune 500 utility as a senior counsel in 2007. Previously he was a managing partner at Brown Martin and practiced law at McGuireWoods. With two degrees from the University of Virginia, Brown currently serves as U.Va.’s vice rector and chairs the Virginia Museum of […]
Dominion says offshore wind farm moving forward, despite executive order
President Donald Trump started his second term Monday with a flurry of executive orders, including one that temporarily ceases all federal wind leases under consideration and calls for an “immediate review” of the policies before resuming. So, what does that mean for Virginia and Dominion Energy, which is midway through constructing its $9.8 billion Coastal […]
Dollar Tree CFO stepping down
Dollar Tree Chief Financial Officer Jeff Davis is leaving the Chesapeake discount retailer after two years, the company announced Wednesday. Davis will stay through the filing of the company’s fiscal 2024 report to the Securities and Exchange Commission, Dollar Tree said. “We thank Jeff for his service and appreciate the contributions he made to the […]
Dominion Energy COO Diane Leopold to retire after nearly three decades
Dominion Energy Chief Operating Officer Diane Leopold plans to retire from the Fortune 500 utility this summer after working for nearly four decades in the industry. Leopold, who will remain as COO and executive vice president until she steps down on June 1, 2025, oversees major construction projects such as Dominion’s $9.8 billion Coastal Virginia […]
Owens & Minor sues Anthem, accusing insurer of mishandling claims
Mechanicsville-based Fortune 500 health care logistics and supply company Owens & Minor filed a federal lawsuit against Anthem Blue Cross and Blue Shield this week, claiming that the Henrico County insurer mismanaged funds for Owens & Minor’s employee health insurance plan and allegedly violated the Employee Retirement Income Security Act, or ERISA. According to the […]
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 company, […]
Leidos wins $823M task order
The U.S. Defense Information Systems Agency (DISA) has awarded Leidos an $823 million task order to provide operations and sustainment for the Department of Defense Network program (DoDNet), the Reston-based Fortune 500 federal contractor announced Monday. In 2022, DISA, which provides information technology and communications services for national leaders, the military services and others, awarde[...]
Leidos names first chief AI officer
Leidos has named Ron Keesing its first chief AI officer, the Reston Fortune 500 contractor announced Tuesday. Keesing, who joined Leidos in 2004, has more than two decades of experience in artificial intelligence, machine learning and advanced analytics. His roles have included serving as founding director of the Leidos AI Accelerator and as senior vice […]
Owens & Minor leases new HQ in Henrico
Henrico County is getting a fifth Fortune 500 company. Global health care logistics and supply company Owens & Minor is moving from Hanover County to a new headquarters in Henrico’s Innsbrook Corporate Center. The company is leasing the fourth floor of the Highwoods One building at 10900 Nuckols Road, according to Will Bradley, an executive […]
