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DXC penalized by SEC over misleading financial info
Ashburn-based Fortune 500 IT company DXC Technology Co. has been penalized by the federal government for making “misleading” financial reports from 2018 to early 2020, according to the U.S. Securities and Exchange Commission. DXC did not admit or deny the charges, but consented to a cease-and-desist order and agreed [...]
Housing reform bills saw mixed success in General Assembly
Legislative efforts to tackle spiking eviction notices, housing and utility costs were mostly shot down during the Virginia General Assembly session. Almost 193,000 eviction filings have been made in Virginia since March 2020. The monthly-updated data comes from the Princeton Eviction Lab, a group that makes nationwide eviction [...]
Bills to ensure workers paid sick days failed in Va. House
RICHMOND, Va. — The Virginia General Assembly did not pass legislation this session to ensure paid sick days for employees, despite strong public support. A 2021 study by Christopher Newport University found almost 90% of people surveyed support paid sick leave. Both House and Senate versions of the bill updated the current la[...]
Virginians bet $513M on sports in January
Virginians bet more than $513 million on sports in January, according to data released Wednesday by the Virginia Lottery. Almost $511 million of that revenue came from mobile operators, with the remaining roughly $2 million resulting from casino retail activity in Bristol and Portsmouth, where the state’s first permanent c[...]
House lawmakers stifle creative entrepreneurs fund
RICHMOND, Va. — Creativity should be valued as an important part of the Virginia economy, said the state lawmaker behind legislation to create the Virginia Creative Economy Grant Program. Del. Jackie Glass, D-Norfolk, introduced House Bill 2376 to establish a dedicated funding source for grant awards no more than $20,000 e[...]
Second Petersburg casino bill dies in Senate committee
Updated Friday, Feb. 17 Petersburg voters won’t get an opportunity to approve a casino this fall, and Richmond may get a second chance to vote on a casino referendum in 2023, state legislators decided Thursday in a 10-6 vote. However, the matter could come down to last-minute state budget negotiations. The Virginia State S[...]
It’s official — Ford plant going to Michigan
Ford Motor Co. announced Monday that it will build an electric vehicle battery plant in Michigan, a $3.5 billion project that Virginia was considered for until Gov. Glenn Youngkin pulled the state out of it late last year. Youngkin’s concern, he said in January, was over the involvement of China-based Contemporary Amperex [...]
Virginia ABC announces next Pappy lotteries
The Virginia Alcoholic Beverage Control Authority is again seeking to slake customers’ thirst for Pappy Van Winkle whiskeys by holding online lotteries for several varieties in February and March. Virginia ABC customers can enter online for the chance to purchase several varieties of the prized whiskeys, including one bott[...]
Petersburg casino bill passes Va. House
The Virginia House of Delegates narrowly passed a bill Tuesday that would allow Petersburg residents to vote on a casino referendum this fall. The legislation moves next to the Virginia State Senate, where a similar bill died in committee. Del. Kim Taylor, R-Dinwiddie, sponsored HB 1373, which passed 49-44 in the full House vote[...]
Report: Air taxis could land Va. $16B in new biz by 2045
Air taxis could generate up to $16 billion in new business in Virginia and carry as many as 66 million passengers by 2045, according to an economic impact study released Tuesday. The report, commissioned by the Virginia Innovation Partnership Corp. and the state commerce and trade secretary, forecasts short, carbon-free flights[...]
Petersburg casino bill moves to Senate committee
A Virginia State Senate bill that would allow Petersburg residents to vote on allowing a casino in their city is still in play, following a 7-2 vote by the Senate gaming subcommittee Thursday. The bill will progress to a General Laws and Technology committee vote Wednesday. The bill from Sen. Joe Morrissey, D-Richmond, adds Pete[...]
