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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.
CrossCountry Consulting acquires California advisory firm
McLean-based business advisory firm CrossCountry Consulting announced this week that it has acquired California consulting firm CNM.
Interstate Group to expand in Giles County, creating 46 jobs
Interstate Group will invest $8.9 million to expand operations at the company’s manufacturing facility in Giles County, creating 46 jobs.
Virginia’s publicly traded companies defy economic slowdown
Virginia’s top publicly traded companies like Freddie Mac, Boeing, and RTX posted significant revenue gains in 2025 despite the state’s slow economic growth.
Virginia banks saw big mergers and acquisitions in 2025
Virginia community banks experienced significant mergers and acquisitions in 2025, including Atlantic Union Bankshares' $1.3 billion purchase of Sandy Spring Bank.
Philanthropists boost Virginia universities, health systems
Virginia universities and health systems received major philanthropic gifts in 2025, including multimillion-dollar donations to support scholarships, programs, and health initiatives.
