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Nuclear fusion company raises $863M, much bound for Chesterfield
Massachusetts-based fusion energy company Commonwealth Fusion Systems announced that it raised $863 million in a Series B2 fundraising round.
Law firms integrate AI into daily practices
Virginia attorneys say AI is changing law for the better, boosting efficiency and reshaping law schools, billing, ethics and client access.
CoStar completes $1.9B acquisition of Domain
CoStar Group announced Wednesday that it has completed its $1.9 billion acquisition of Australian property listings platform Domain.
Luminoah wins Virginia Startup World Cup
Charlottesville-based medical technology company Luminoah won first place at the Virginia Startup World Cup.
Federal officials to take over inspections when troubled Boar’s Head plant reopens
Federal inspectors will assume direct oversight of a troubled Boar’s Head deli meat plant when it reopens after last year’s deadly listeria outbreak, U.S. Agriculture Department officials said. The Jarratt, Virginia, factory is set to resume operations in the coming months. It will face at least 90 days of heighte[...]
Wellmore to lay off 72 coal workers in Southwest Virginia
Wellmore Energy will lay off 72 coal workers across operations in Grundy, Hurley, and Big Rock, Virginia, with cuts beginning in early September.
Virginia casinos report $84.7M in July revenue
July gaming revenues from Virginia’s three casinos totaled $84.7 million, up $6.2 million from June according to the Virginia Lottery.
Rosie’s Gaming in Dumfries to close in August
Rosie's Gaming Emporium in Dumfries, which opened in 2021, is set to close this month, the Virginia Racing Commission announced Thursday.
Marine/RV parts wholesaler announces $1.1M expansion in Norfolk
Land ‘N’ Sea Distributing, a distributor of marine and recreational vehicle parts, will invest $1.1 million to expand in Norfolk.
Not wasting away: Hooker Furnishings to launch Margaritaville collection
Hooker Furnishings will launch the Margaritaville home collection at High Point Market, thanks to an exclusive licensing partnership.
Virginia expands rural broadband with fiber focus
A student in class on a snow day. An elderly couple checking in with their doctor instead of driving to an office. A dairy farmer coordinating automatic milking machines hooked up to cows. All three examples include a commonality in today’s increasingly digital world: internet access. “It’s quality of life, it̵[...]
Virginia’s Fortune 500 companies
Freddie Mac, the federally sponsored mortgage business headquartered in McLean, continues to be the top-ranked Virginia-based company at No. 38, down two spots from last year, with $122 billion in annual revenue Arlington County-based defense contractors RTX and Boeing were the second and third highest ranking companies based in[...]
