Under new management
Washington Commanders fans did everything but sing “Ding-Dong! The Witch Is Dead” during the team’s Sept. 10 season opening game. It felt like a new day as the NFL team came away with a win against the Arizona Cardinals. FedEx Field was sold out, and the stands were packed with local fans instead of supporters […]
Virginia’s back in game to score Commanders stadium
The $6.05 billion sale in July of the Washington Commanders by embattled former owner Dan Snyder did more than set a world record for the highest price paid for a professional sports team. The deal also reignited Virginia’s bid to persuade the Ashburn-based NFL team to move its stadium here. Lawmakers up for re-election in November […]
D.C. sues bitcoin whale Michael Saylor for tax fraud
MicroStrategy Inc. founder Michael Saylor was sued in August by the city of Washington, D.C., which alleges that he defrauded the nation’s capital of more than $25 million in income taxes. The lawsuit argues that Saylor falsely claimed to reside in Virginia or Florida while instead living in a luxury Georgetown penthouse. The civil suit, filed […]
Virginia 500 Spotlight: Mark C. Lowham
BEST ADVICE FOR OTHERS: You never learn anything when you are talking. FIRST JOB: Analyst for Kidder, Peabody & Co. in New York WHAT I WAS LIKE IN HIGH SCHOOL: Mr. Clean and a bit of a nerd, but I still managed to be elected student body president PERSON I ADMIRE: My father. He was […]
Juul settles with Va., 32 other states for $438.5M
After a two-year investigation, ongoing federal scrutiny and numerous lawsuits, Juul Labs Inc. tentatively settled with Virginia, 32 other states and Puerto Rico for $438.5 million on Tuesday. Virginia will receive $16.61 million over the next six to 10 years, state Attorney General Jason Miyares announced Tuesday, but the larger impact may be on Henrico […]
Bitcoin whale Michael Saylor accused of tax fraud
Tysons-based MicroStrategy Inc. Executive Chairman Michael Saylor is being sued by the city of Washington, D.C., which accuses Saylor of engaging in a fraudulent scheme to deprive the city of more than $25 million in income taxes while living in “a luxury penthouse on the Georgetown waterfront” and claiming to be a resident of Virginia […]
Carlyle Group buys two Va. tech companies; forms Two Six Technologies
An affiliate of Washington, D.C.-based global investment firm The Carlyle Group has acquired Virginia tech companies IST Research and Two Six Labs to form Two Six Technologies Inc., which will provide tech services to the intelligence community, the Department of Defense and other national security customers. Financial terms of the acquisitions were not disclosed, but […]
McLean tech company buys D.C.-based firm
McLean-based information technology company Ntiva Inc. announced Thursday it has acquired Washington, D.C.-based eGuard Technology Services. Financial terms of the transaction were not disclosed. Ntiva provides managed IT, cloud hosting, cybersecurity, communications and strategic IT consulting services, while eGuard monitors, maintains and secures customer IT infrastructures through a single poin[...]