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Cavallo to return as Martin Agency CEO
Kristen Cavallo is returning as the CEO of prominent Richmond-based ad agency The Martin Agency, according to a Thursday LinkedIn post from the agency.
Korean Air plans 103 Boeing plane purchases valued at $36.2B until 2039
Korean Air plans to acquire 103 Boeing planes valued at $36.2 billion by 2039, according to a regulatory filing.
Pentagon says it will ramp up war supplies with BAE Systems, other govcons
The Pentagon has reached agreements with BAE, Lockheed Martin, and Honeywell to increase production of defense munitions and systems amid wartime efforts.
Vienna roadside tech firm to be acquired by Mass. competitor
Vienna-based roadside assistance tech company Urgent.ly will soon be acquired by Massachusetts-based competitor Agero and taken private.
Aclara opens rare earth pilot plant at Virginia Tech
Aclara is launching a rare earth pilot plant at Virginia Tech to boost the U.S. supply chain and reduce reliance on China.
Eight states, DirectTV sue to block Nexstar’s plan to acquire rival Tegna
Eight states and DirecTV filed lawsuits to block Nexstar's $3.54 billion acquisition of Tegna, citing concerns over reduced competition and higher pay-TV prices.
Port of Virginia completes $450M dredging project
The Port of Virginia has finished a $450 million project to dredge commercial shipping channels and Norfolk Harbor to 55 feet deep.
Dollar Tree signals tariff relief, joins Dollar General with weak forecast
Dollar Tree signals potential tariff relief but forecasts muted sales growth for 2026 amid inflation and retail competition challenges.
Virginia casinos report $95M in February revenue
February gaming revenues at Virginia’s three permanent casinos and Norfolk’s new temporary casino totaled $95.2 million.
Leidos wins $455M Air Force contract
Leidos announced Wednesday that it has won a $454.9 million contract to modernize the U.S. Air Force's Cloud One platform.
Starboard nominates two to CarMax board, unveils new position
Starboard Value took a $350M stake in CarMax, nominated two directors, and urged improvements in digital user experience, cost cuts, and pricing strategy.
As Yokohama prepares to close Salem plant, workers consider what’s next
Yokohama’s Salem tire plant is set to close, leaving more than 500 workers searching for jobs. Many showed up at at a job fair Thursday.
