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Dominion Energy proposes hefty rate hikes
Fortune 500 utility Dominion Energy is proposing a fuel rate increase and additional base rate increases which, if approved, could raise monthly power bills for average residential customers by as much as $21.43 by 2027. The Richmond-based utility proposed new base and fuel rates in separate filings with the Virginia State Corporation Commission on Monday. […]
Dollar Tree plans to sell Family Dollar to private equity firms for $1B
Chesapeake-based Fortune 500 discount retailer Dollar Tree has reached a deal with Brigade Capital Management, a New York-based global asset management firm, and Macellum Capital Management, an investment firm with headquarters also in New York, to acquire its Family Dollar brand for about $1 billion after a decade of trying to make its acquisition of […]
Virginia Fortune 500 company agrees to $11B buyout
Herndon-based Fortune 500 company Beacon Roofing Supply has agreed to an $11 billion buyout by Connecticut software and professional services company QXO after previously rebuffing a slightly lower offer from the same suitor. The two businesses have entered into a definitive merger agreement with QXO purchasing the building supply company for $124.35 per share in […]
Beacon Roofing is target of $11B acquisition bid
Herndon-based Fortune 500 company Beacon Roofing Supply is in discussions to be acquired by Connecticut software and tech services company QXO in a deal valued at about $11 billion. “It‘s not a done deal yet, but we’re in friendly discussions,” Joe Checkler, a spokesperson for QXO, said of the move to acquire Beacon, a roofing […]
Dollar Tree adds three new board members
Chesapeake-based Fortune 500 discount retailer Dollar Tree announced Friday that it has appointed three new members to its board of directors. The new board members include William “Bill” W. Douglas III, Timothy “Tim” Johnson and Dollar Tree CEO Michael C. Creedon Jr. “Bill and Tim are both esteemed financial leaders with a strong understanding of […]
DXC Technology promotes HR executive
Fortune 500 global IT company DXC Technology announced Thursday that it has promoted Jennifer Ragone to chief people officer. In the role, Ragone will lead the Ashburn-based company’s global hiring strategy. She was most recently vice president of business HR at DXC, which she joined in 2017 as vice president of human capital consulting, digital […]
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 […]
