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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.
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.
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.
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[...]
