Sign In
Free Newsletter
Va. jobless claims drop slightly last week
Virginia saw a small decrease in the number of initial jobless claims last week, the Virginia Employment Commission reported Thursday, but the number of initial claims filed from mid-March through the Sept. 26 filing week totaled 1.167 million, or 28.4% of pre-pandemic payroll employment. For the week ending Sept. 26, 9,377 Virg[...]
Genworth’s $2.7B acquisition by Chinese company faces new hurdle
Henrico County-based Genworth Financial Inc. announced Thursday that China-based Oceanwide Holdings Group Co. Ltd. has reached an agreement with Hony Capital on the commercial terms and conditions of its $1.8 billion offshore financing plan to complete its acquisition of Genworth. However, Oceanwide has not reached a final agreement on all terms and conditions due to […]
GSA awards Northrop Grumman $690M task order
The U.S. General Services Administration (GSA) has awarded Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. a $690 million task order to develop a suite of data systems for the Defense Intelligence Agency (DIA). Under the contract awarded by the GSA’s Federal Systems Integration and Management Center (F[...]
General Dynamics lands $1.22B Army air defense contract
The U.S. Army awarded Reston-based Fortune 100 defense contractor General Dynamics Corp.’s land systems division a potential five-year, $1.22 billion contract to manufacture and test systems that are designed to destroy, neutralize or deter low-altitude aerial threats, the Department of Defense announced Wednesday. Under the c[...]
Virginia National, Fauquier banks to merge
The parent holding companies of Virginia National Bank and The Fauquier Bank will merge under the Virginia National brand into a combined bank with $1.6 billion in total assets. Charlottesville-based Virginia National Bankshares Corp. and Warrenton-based Fauquier Bankshares Inc. have signed a definitive merger agreement, the banks announced Thursday. The combined company will have approximately $1.4 […][...]
Va. offshore wind industry could create 5.2K jobs, study finds
The offshore wind industry could create up to 5,200 jobs in Virginia (with a majority in Hampton Roads) and an estimated $740 million in total economic activity during the next several years, according to an economic impact analysis conducted by Henrico County-based Mangum Economics and released Tuesday by the Hampton Roads Alli[...]
Arlington tech firm launches ransomware negotiation service
Arlington-based threat intelligence company GroupSense on Tuesday launched a new service to help companies dealing with ransomware attacks. The ransomware negotiation service will allow GroupSense to help during the negotiation process with hackers. During ransomware attacks, rogue software can block access to programs and data until a payment is made to hackers. “Enterprises need to […][...]
Suffolk city manager resigns
Suffolk City Manager Patrick Roberts has resigned, effective Oct. 2. Suffolk City Council accepted Roberts’ resignation during a special meeting on Monday evening after returning from a closed session. Albert Moor was appointed as interim city manager and will assume the position Oct. 3. “It is with extremely heavy hea[...]
DXC Technology announces leadership overhaul
Only one year after CEO Mike Salvino took the reins, Tysons-based Fortune 500 IT company DXC Technology on Monday announced a major leadership overhaul, including naming new heads of its Americas, Asian Pacific and Europe, Middle East and Africa business segments, among others. Salvino announced the following appointments and [...]
Hitachi AAB Power Grids expanding in Bland County
Hitachi ABB Power Grids will invest $6.2 million to upgrade equipment and increase manufacturing capacity at its operations in Bland County, where it is the county’s largest private-sector employer. The expansion will add 40 jobs, Gov. Ralph Northam announced Monday. “Hitachi ABB Power Grids has made tremendous contributions to Southwest Virginia and the commonwealth for […]
Virginia in-person early voting tops 160,000 in first week
RICHMOND, Va. — Virginia voting is off to an active start, with tens of thousands of people hitting the polls during the 45-day early voting period. Over 164,000 citizens have voted in person, while more than 926,000 absentee ballots have been issued as of Sept. 25, said Andrea Gaines, director of community relations and c[...]
Office building in Henrico County sells for $5.85M
An office building in Henrico County has sold for $5.85 million, Cushman & Wakefield | Thalhimer announced Wednesday. Located at 4461 Cox Rd. in the Innsbrook Corporate Center, the 70,000-square-foot office building was approximately 50% occupied at the time of the sale, with printing software company TriMech as the main t[...]
