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U.Va. hires AstraZeneca exec to lead Manning biotech institute
Mark T. Esser, vice president for vaccines and immune therapies at pharmaceutical giant AstraZeneca, will be the inaugural chief scientific officer and leader of the Paul and Diane Manning Institute of Biotechnology at the University of Virginia, U.Va. announced Thursday. Esser, who will join U.Va. May 1, earned a Ph.D. in micro[...]
Fire causes $4.25M in damages to custom van biz
A three-alarm fire at Roanoke’s Riverdale campus on Saturday started accidentally from an electrical cause, Roanoke Fire-EMS Chief David Hoback said Wednesday. Damages from the fire that reduced Noke Van Co., a custom camper van business, to rubble are estimated at $4.25 million. “Once you have a structural collapse and [...]
Northern Virginia leaders plead for state’s help amid federal job cuts
ALEXANDRIA, Va. (AP) — Northern Virginia leaders urged lawmakers on Tuesday to enact emergency legislation to help stabilize their local economy as the White House cuts federal jobs, which they said has sharply impacted the dense cluster of government employees and contractors based in the suburbs of the nation’s capital[...]
Fitness center, library planned for former Military Circle Mall in Norfolk
Norfolk Mayor Kenny Alexander last week updated his city on plans to redevelop MacArthur Center mall and the former Military Circle Mall site. During his State of the City address on Friday, Alexander announced that Norfolk is planning a “state-of-the-art” fitness and wellness center and library for the east side of the city[...]
5 Virginia companies among 27 firms targeted by China for further trade constraints
BANGKOK (AP) — China announced Friday that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following U.S. President Donald Trump’s “Liberation Day” slate of double-digit tariffs. The new tariff matches the rate of the U.S. “recipro[...]
Supply chain co. plans $10M expansion in Pulaski
The Patton Logistics Group, a U.S. supply chain company, plans to expand with a $10 million, 100,000-square-foot warehouse and distribution facility in Pulaski County, Gov. Glenn Youngkin announced Thursday. This is the company’s second expansion in four years in Pulaski County and will allow Patton Logistics Group to expa[...]
Reston Limousine sold to Texas company
Dallas-based TBL Group, a transportation and logistics management acquisition company, has purchased Reston Limousine & Travel Service, a Sterling-based transportation company started in 1990. According to TBL’s website, the company will be known as Reston Transportation. Financial terms were not disclosed. Since its f[...]
Virginia Business announces inaugural C-Suite Awards winners
Virginia Business has selected its inaugural group of Virginia C-Suite Awards recipients. The Virginia C-Suite Awards celebrate top corporate executives who consistently demonstrate remarkable leadership skills, integrity, values, vision, commitment to excellence, company performance and community engagement. The honorees must h[...]
Virginians bet more than $556M on sports in February
Virginians bet more than $556.83 million on sports in February, 2.2% more than they bet in the same month the year before, even though February 2024 was a leap year and offered an extra day for wagering. Virginia bettors won more than $490 million in February, according to Virginia Lottery data released Tuesday. About $553.02 [&[...]
TowneBank finalizes $120M acquisition of Village Bank
Suffolk-based TowneBank has completed its acquisition of Midlothian’s Village Bank and its parent company Village Bank and Trust Financial, the bank announced Tuesday. When the companies announced the merger in September, they valued the deal at about $120 million. Village Bank shareholders gave “overwhelming support�[...]
AeroVironment subsidiary to deliver uncrewed vehicles to German Armed Forces
Arlington County-based defense contractor AeroVironment announced last week that its subsidiary Telerob was awarded “a significant contract” to deliver 41 large-sized advanced uncrewed ground vehicles to the German Federal Armed Forces, with initial deliveries scheduled for this summer and additional orders extending through[...]
General Dynamics subsidiary wins $1B Navy contract
A Connecticut-based subsidiary of Reston-headquartered Fortune 500 contractor General Dynamics was recently awarded a $1 billion contract modification from the U.S. Navy to purchase long lead time materials for Virginia-class Block VI submarines. The subsidiary, General Dynamics Electric Boat, announced the award on Tuesday. The[...]
