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May 23, 2025

DOJ reaches deal with Boeing to avoid prosecution over 737 Max crashes

Boeing reaches $1.1B deal with DOJ to avoid criminal charges over 737 Max crashes that killed 346; victims’ families strongly oppose the agreement.

May 22, 2025

Virginia unemployment rate rises slightly in April to 3.3%

Virginia’s unemployment rates continue to see an incremental rise, according to data from the state’s Department of Workforce Development and Advancement, also known as Virginia Works.

May 20, 2025

Lighthouse Labs rebrands to Lighthouse Network

Richmond Accelerator Lighthouse Labs last week announced that it is expanding its services and rebranding itself as Lighthouse Network.

May 20, 2025

Three CEOs from Virginia return to Fortune’s most powerful women list

Three Virginia defense contractors' CEOs returned to Fortune's 100 Most Powerful Women in business list for 2025. They lead General Dynamics, Northrop Grumman and SAIC. 

cybersecurity art
May 19, 2025

VTG acquires 3 Northern Virginia tech companies

Chantilly-based engineering firm VTG announced last week that it has acquired three firms in an effort to expand its intelligence community footprint. On April 30, VTG announced that it acquired Fulton, Maryland-based Triaplex.

Federal courthouse photo by AdobeStock
May 19, 2025

Capital One proposes $425M lawsuit settlement

On Friday, just before closing the $35.3 billion acquisition of Discover Financial Services, Capital One Financial came to settlement terms with customers who were suing the McLean bank. If the agreement is approved by a federal judge, Capital One will pay $425 million to plaintiffs.

May 16, 2025

Despite bankruptcy, Plenty to finish Chesterfield vertical indoor farms

Despite filing for bankruptcy in March, Plenty Unlimited says it will be able to finish construction of its vertical indoor farm in Chesterfield County.

Four cards and a stack of chips on a green felt table
May 16, 2025

Virginia casinos report nearly $79M in April revenue

April gaming revenues from Virginia’s three casinos totaled $78.76 million, according to an May 15 report from the Virginia Lottery. April’s statewide casino gaming revenues were down $6.43 million from March’s $85.19 million.

May 15, 2025

Virginia unemployment spike ‘an economic shock,’ economist says

For the week ending May 10, 3,992 people filed initial unemployment insurance claims which is 46.8% higher than the previous week's 2,720 claims and a 67.3% increase over a comparable week last year (2,386).

Sentara Princess Anne Hospital. Photo courtesy Sentara
May 14, 2025

Sentara reorganizes to market-based model

Sentara Health has changed its operating model to a regional market-based system, the Virginia Beach-based health system announced May 13.

May 13, 2025

Saddle Creek Logistics to lay off 54 Richmond employees

Florida-based Saddle Creek Logistics Services plans to lay off 54 employees at its Richmond location in July 2025.

May 12, 2025

Tyto Athene acquires StackArmor to boost cyber compliance, cloud capabilities

Tyto Athene acquired StackArmor to expand its cyber compliance and cloud capabilities for government clients.

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