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Altria can’t sell IQOS device in U.S. after ITC ruling stands
Henrico County-based Altria Group Inc. and former subsidiary New York-based Philip Morris International Inc. can no longer sell the IQOS tobacco heating device in the U.S. after the Biden administration’s 60-day administrative review process concluded Monday. On Sept. 29, the U.S. International Trade Commission determine[...]
Henrico engineering firm acquires second Hampton Roads firm
Henrico County-based regional engineering firm Koontz Bryant Johnson Williams Inc. (KBJW) purchased Virginia Beach-based civil engineering firm Blakeway Corp., it announced Tuesday. Financial details of the transaction were not disclosed. The Blakeway acquisition is the firm’s second in six months, following its June purchase of Chesapeake-based Horton & Dodd PC. “Blakeway is a natural fit, […][...]
3Pillar Global promotes COO, chief people officer
Fairfax-based product lifecycle management company 3Pillar Global Inc. announced two promotions Tuesday: David Sawatzky to chief operating officer and Jamie Whitacre to chief people officer. Sawatzky was previously the company’s chief delivery officer. Whitacre served as the senior vice president of talent. “Dave and Jam[...]
2021 Virginia Business Person of the Year: Bruce Thompson
Standing on a hill overlooking the Atlantic Ocean, the Cavalier Hotel is a callback to a time when Virginia Beach was a sleepy little resort town inside Princess Anne County. Opened in 1927 as the largest brick building in the state, the Cavalier was a product of the Jazz Age. Over the years, the Y-shaped […]
Mitre elects next chairman
The Mitre Corp.’s Board of Trustees elected Mike Rogers as chairman, the McLean- and Bedford, Massachusetts-based nonprofit announced Nov. 16. Rogers joined Mitre’s board in 2016 and has served as vice chairman since 2018. “Mike’s vast national security expertise and experience help strengthen MITRE’[...]
U.Va. Darden takes 9th in Bloomberg MBA program ranking
The University of Virginia’s Darden School of Business tied for No. 9 out of 84 U.S. schools in the 2021-2022 Bloomberg Businessweek Best B-Schools MBA list, released this week. The Darden School dropped from the No. 4 slot that it earned in 2019 and tied with The Wharton School of the University of Pennsylvania this [&hel[...]
Newsroom unions urge Lee to reject Alden’s offer
A dozen Lee Enterprises newsroom unions, including three in Virginia, wrote an open letter to company management Monday, urging Lee to reject Alden Global Capital’s purchase offer of approximately $144 million. “Alden has cut their staffs at twice the rate of competitors, resulting in the loss of countless jobs,̶[...]
Richmond pharma company Kaléo acquired
New York-based Marathon Asset Management LP announced Monday it has entered into a definitive agreement to acquire Richmond-based privately held pharmaceutical company Kaléo Inc., which is known for making injectors to treat allergic anaphylaxis and opioids overdoses. The total base purchase price is approximately $310 million [...]
SAIC wins potential $1.11B Navy contract
Reston-based Fortune 500 government contractor Science Applications International Corp. (SAIC) won an up to $1.11 billion contract with the U.S. Navy, the U.S. Department of Defense announced last week. Under the fixed-price incentive, firm-fixed-price and cost-plus-fixed-fee $123.68 million contract, SAIC will provide MK 48 Mod[...]
The kids are getting better
Richmond-based health care company StageZero Life Sciences Ltd. has teamed up with a nonprofit started by legendary The Who frontman Roger Daltrey to improve diagnosis and survival rates of teens and young adults with cancer. StageZero developed Aristotle, an mRNA multicancer panel that screens for several types of cancer in a s[...]
Va. had record 328,000 job openings in September
Virginia had 328,000 job openings in September and 123,000 quits, 4,000 fewer quits than the April 2021 peak, according to U.S. Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) data released Nov. 19. The September job openings number set a record previously set in July, when there were 320,000 openings. The […]
BlueHalo acquires Md. software company
Arlington-based tech contractor BlueHalo announced Tuesday that it had acquired Annapolis Junction, Maryland-based software solutions provider Asymmetrik Ltd. Financial details of the transaction were not disclosed. Founded in 2008, Asymmetrik develops software solutions and technology tools to enable the intelligence community’s programs. It delivers open-source intelligence technologies to enable the collection and analysis of p[...]
