Please ensure Javascript is enabled for purposes of website accessibility

Industries

The post office at 1801 Brook Road in Richmond. Photo by Brodie Greene/VCU Capital News Service
Nov 22, 2024

Virginia mail service improves; second Trump push to privatize USPS ‘unlikely’

U.S. Postal Service operations have continued to improve, but a bipartisan coalition of state leaders say more work is needed to get the service to a level Virginians deserve. Virginia was ranked at the bottom for on-time mail delivery in October 2023, at the start of the federal government’s fiscal year. Just over 66% of [&he[...]

A bronze statute of Lady Justice holding scales
Nov 20, 2024

Ex-Richmond Fed examiner pleads guilty to insider trading

A former Federal Reserve Bank of Richmond examiner on Tuesday pleaded guilty to committing insider trading and making false statements about his trading to the Richmond Fed. Robert Brian Thompson, 43, of Chesterfield County’s Moseley area, was an examiner and senior manager with supervisory duties for the Richmond Fed, wh[...]

Nov 20, 2024

Judge rules Youngkin’s RGGI exit was unlawful

A Floyd County Circuit Court judge ruled this week that Gov. Glenn Youngkin’s decision to withdraw Virginia from the Regional Greenhouse Gas Initiative was unlawful, but the governor plans to appeal the decision, according to a spokesperson. Judge Randall Lowe ruled that “the only body with the authority to repeal th[...]

a multi-beam, multi-band ground terminal on a production floor
Nov 20, 2024

AeroVironment to acquire BlueHalo for $4.1B

AeroVironment, an Arlington County defense contractor, announced this week it will purchase aerospace and defense tech firm BlueHalo for approximately $4.1 billion in an all-stock transaction. Also based in Arlington, BlueHalo is owned by private equity firm Arlington Capital Partners and works in space technologies, counter-unc[...]

Chris Cosby. Photo courtesy Old Dominion Electric Cooperative
Nov 18, 2024

ODEC announces next president and CEO

Chris Cosby will become president and CEO of Glen Allen’s Old Dominion Electric Cooperative on Feb. 1, 2025. Cosby succeeds John C. Lee, who has been ODEC’s president and CEO since Sept. 8, 2023, initially serving in an interim capacity. ODEC announced Lee’s retirement, effective Feb. 1, on Monday. He will serve as a senio[...]

Nov 18, 2024

Miyares declares run for 2nd term as Va. AG

Virginia Attorney General Jason Miyares declared Monday he will run for a second term in 2025, leaving Lt. Gov. Winsome Earle-Sears a clear path to the Republican nomination for governor. Gov. Glenn Youngkin, who is prohibited by state law from serving consecutive terms as governor, endorsed both candidates following MiyaresR[...]

Entrance to Inova Fairfax Medical Center
Nov 18, 2024

Inova pays $2.37M to settle False Claims Act allegations

Three Inova Health entities have agreed to pay more than $2.37 million to settle claims that Inova submitted Medicaid claims containing falsified information. The U.S. Attorney’s Office for the Eastern District of Virginia announced on Friday the agreement with Inova Health System Foundation, Inova Health Care Services and Ino[...]

Nov 15, 2024

Va. casinos report $57M in October revenue

Gaming revenues for Virginia’s three casinos totaled $57.04 million in October, according to data the Virginia Lottery released Friday. Last month, the temporary Bristol Casino: Future Home of Hard Rock reported about $13.41 million in adjusted gaming revenues (wagers minus winnings), of which about $11.16 million came from it[...]

Nov 15, 2024

Smithfield Foods to pay $2M to settle child labor claims

A subsidiary of Virginia-based Smithfield Foods has agreed to pay $2 million to settle allegations it hired children to work at a meat packaging plant in Minnesota. According to the Minnesota Department of Labor and Industry, Smithfield’s operation in Minnesota allegedly employed at least 11 children between the ages of 14[...]

An aerial view of Super Radiator Coils' Chesterfield County facility. Photo courtesy Super Radiator Coils
Nov 15, 2024

Specialty coils manufacturer to expand in Chesterfield

Super Radiator Coils, an engineering and manufacturing company based in Minnesota, will invest $22 million to expand in Chesterfield County, creating an estimated 160 jobs, Gov. Glenn Youngkin’s office announced Friday. The company will upgrade machinery and add about 80,000 square feet to its existing approximately 160,000-sq[...]

Nov 14, 2024

Paragon Systems fined $52M for alleged fraud

Herndon-based federal contractor Paragon Systems agreed Tuesday to pay $52 million to resolve allegations by the U.S. Department of Justice that Paragon used its own subsidiaries to fraudulently win small business set-aside contracts, violating the federal False Claims and Anti-Kickback acts. The company is one of the federal go[...]

Nov 14, 2024

Appalachian Power plans small nuclear reactor in Campbell

Appalachian Power, an electric utility subsidiary of American Electric Power which serves more than one million customers in Virginia, West Virginia and Tennessee, announced plans Thursday to bring a small modular nuclear reactor (SMR) project to Campbell County. The company, which has its headquarters in Charleston, West Virgin[...]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.