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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.
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.
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.
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 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.
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.
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.
Norfolk casino developer pledges $1M to NSU
Boyd Gaming, the company behind the $750 million Norfolk casino, pledged $1 million to Norfolk State University to support its business school’s tourism and hospitality management program.
Roanoke’s Carilion gets state OK for kidney transplants
Carilion Clinic has the state’s blessing to move forward with a kidney transplant program, despite public opposition from competitor UVA Health and a 2024 recommendation from the staff of the Division of Certificate of Public Need (DCOPN) that the Roanoke-based health system’s application be denied. In an emai[...]
DOJ grants University of Virginia extension on DEI response
The University of Virginia has until May 30 to respond to an April 28 letter from the U.S. Department of Justice demanding proof — including video and audio from the U.Va. Board of Visitors' closed sessions — that the university is dismantling and dissolving its diversity, equity and inclusion apparatuses.
Homeland Security chief says travelers with no REAL ID can fly for now, but with likely extra steps
Travelers who aren’t REAL ID compliant by the upcoming deadline this week will still be able to fly but should be prepared for extra scrutiny, the head of Homeland Security said Tuesday.
Bon Secours opens Harbour View hospital in Suffolk
Bon Secours on Tuesday will officially open its new $80 million 100,000 square-foot Harbour View Medical Center in Suffolk.
