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Ex-CEO pleads guilty to $200M bitcoin Ponzi scheme in federal court
CEO Ramil Ventura Palafox pled guilty in Alexandria to wire fraud and money laundering in a $200M bitcoin MLM scheme defrauding 90,000
Pharma packaging plant closing in Mecklenburg
Nipro PharmaPackaging will close its Mecklenburg County facility by October, according to a local official, cutting 30 jobs.
BWXT wins $1.5B contract for Tennessee uranium enrichment plant
A BWX Technologies subsidiary was awarded a $1.5 billion contract from the National Nuclear Security Administration to help the United States establish domestic uranium enrichment capability for defense, the Lynchburg-based nuclear components manufacturer announced Tuesday. Under the indefinite-delivery, indefinite-quantity cont[...]
Port of Virginia sees 8.7% drop in cargo traffic
The Port of Virginia has seen a decline in shipping container volumes in recent months, amid President Trump's trade war.
ABB announces $28.5M expansion in Henrico, adding 100 jobs
ABB will invest $28.5 million to expand operations in Henrico County, creating more than 100 jobs in the next three years.
Reagan airport concession operator to lay off 55
Magic Pan, Say Si Bon and U Street Pub will close at Reagan National Airport, resulting in 55 jobs lost.
UVA Health interim leader is named permanent CEO
Dr. Mitchell Rosner appointed as University of Virginia's executive vice president for health affairs and CEO of UVA Health, following months of leadership changes.
Navy Region Mid-Atlantic welcomes new commander
On Friday Rear Adm. Carl Lahti was relieved by Rear Adm. Stephen Barnett as commander of Navy Region Mid-Atlantic in Norfolk.
Henrico EDA repurchases GreenCity site
The Henrico Economic Development Authority closed on its repurchase of the site of the failed $2.3 billion GreenCity development on Thursday.
Butler Human Services Furniture to close Mecklenburg operations
Butler Human Services will close two Chase City facilities in Mecklenburg County, cutting 51 jobs.
Nathan Trotter plans $65M tin processing plant in Southern Virginia
Nathan Trotter will invest $65M in a Henry County tin processing facility, creating 118 jobs and boosting the U.S. critical minerals supply chain.
Hitachi Energy to invest $457M in Virginia expansion
Hitachi Energy announced Thursday it will invest $1 billion to expand its U.S. grid infrastructure manufacturing, with roughly half of that investment going into Virginia, where it plans to add 825 jobs. The electrical equipment manufacturer will invest $457 million to build the nation’s largest manufacturing site for larg[...]
