Sign In
Free Newsletter
Markel Corp. names new CIO
Glen Allen-based Fortune 500 insurance and investment firm Markel Corp. has named Morris Taylor as its chief information officer for the company’s insurance operations. Taylor joined Markel in 2018 and served as its head of global technology. He previously spent two decades at Capital One working in a variety technology leadership roles, according to a […]
CACI receives $258M task order to continue DOD work
Reston-based Fortune 500 contractor CACI International Inc. has received a $258 million task order for expansion and continued modernization of the Department of Defenses’ business systems, according to a news release. The award falls under a Defense Logistics Agency’s J6 Enterprise Technology Services indefinite delivery, indefinite quantity contract and continues CACI’s enter[...]
Capital One inks $125M MLB sponsorship deal
Tysons-based Capital One Financial Corp. has signed a deal reportedly worth $125 million to become the official bank and credit card partner of Major League Baseball and the presenting sponsor of the World Series, Capital One and Major League Baseball announced Monday. CNBC reported the deal is worth $125 million over five years. The Fortune […]
Thinking big
At Virginia’s largest publicly traded companies, the past year has been a constant exercise in challenging the status quo. Some major changes could be seen at the consumer level, as Dollar Tree Inc. raised its namesake base price point to $1.25, and Capital One Financial Corp. eliminated overdraft fees for its banking customers. And the […]
Performance Food Group to build $80M facility in Hanover
Performance Food Group Co., the Goochland-based Fortune 500 food distribution corporation, plans to invest $80.2 million on a new facility in Hanover County, creating 125 jobs, Gov. Ralph Northam announced Thursday. The regional sales and distribution center will be housed in a 325,000-square-foot building in Ashland. “This new facility will be instrumental in advancing Virginia’s [&hellip[...]
Genworth launches IPO for mortgage insurance subsidiary
Nearly five months after it was first announced, Henrico County-based Fortune 500 insurer Genworth Financial Inc. on Monday launched an initial public offering for its private mortgage insurance subsidiary, Raleigh, North Carolina-based Enact Holdings Inc. Genworth Holdings Inc. (GHI), a wholly owned subsidiary of Genworth Financial, is offering 13.31 million shares of common stock in […]
Clean slate
On April 17, 2020, with a flourish of the pen, Virginia Gov. Ralph Northam reshaped the future of energy production in the commonwealth. Signing the Virginia Clean Economy Act (VCEA) into law last year, Northam declared that Virginia would become a leader in fighting climate change, and, indeed, no other Southern state has passed legislation […]
Energy
EDWARD H. ‘ED’ BAINE PRESIDENT, DOMINION ENERGY VIRGINIA, RICHMOND Baine is an example of the American dream made real. He grew up poor, working on his family’s tobacco farm in Lunenburg County, where, he says, he learned the value of hard work, dedication and responsibility. He subsequently applied that lesson during his more than […]
Virginia’s Fortune 500 companies
Once again, Virginia is well represented on the Fortune 500, with 22 companies from the commonwealth making this year’s list, which ranks the 500 largest publicly traded companies in the United States by total revenue. Mortgage finance company Federal Home Loan Mortgage Corp. (“Freddie Mac”) continues to top Virginia’s list of Fortune 500 companies. With […]
Huntington Ingalls Industries completes $1.65B Alion deal
Newport News-based Fortune 500 military shipbuilder Huntington Ingalls Industries has completed its $1.65 billion, all-cash acquisition of McLean-based defense contractor Alion Science and Technology Corp. from Veritas Capital, HII announced Thursday. The acquisition was first announced in July. Alion, with more than 3,200 employees, will become part of HII’s Technical Solutions division. Th[...]
Biden will nominate SAIC senior VP as Army under secretary
President Joe Biden announced Tuesday his intent to nominate Gabe Camarillo, a senior vice president at Reston-based Fortune 500 federal contractor Science Applications International Corp., for under secretary of the U.S. Army. Camarillo is SAIC’s senior vice president of its army business unit and previously held other leadership positions within SAIC. He also has worked […]
Altria to sell winemaking division for $1.2B
Henrico County based Altria Group Inc. announced Friday that it has entered into a definitive agreement to sell its Ste. Michelle Wine Estates winemaking division for $1.2 billion to New York-based private equity firm Sycamore Partners Management LP in an all-cash deal. The deal is expected to close by the end of this year. The […]
