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Capital One, Walmart end credit card agreement
McLean-based Capital One Financial is no longer the exclusive issuer of Walmart consumer credit cards. The two Fortune Global 500 companies announced Friday that they had ended their consumer card agreement. The announcement follows problems first uncovered in late 2022 and early 2023, according to Reuters reporting. Capital One[...]
Foster Fuels wins potential $442M FEMA contract
Brookneal-based fuel delivery provider Foster Fuels has won an up to $442 million contract to provide emergency services to the Federal Emergency Management Agency. Under the five-year Defense Logistics Agency Energy (DLA) contract, which the Defense Department announced May 15 and Foster Fuels announced Tuesday, Foster Fuels wi[...]
Wood veneer facility to reopen in West Point
A former manufacturing facility in West Point will come roaring back to life with a $2.5 million investment by West Point Veneer, a wholly owned subsidiary of Coldwater Veneer, that will create 92 jobs, Gov. Glenn Youngkin’s office announced Tuesday. Once open, the mill will produce wood veneer and ship it globally via the[...]
Global apparel company VF to leave Martinsville in 2025
VF Corp., a Denver-based global apparel and footwear company with brands including Vans, The North Face, Timberland and Dickies, plans to close its distribution center in Martinsville in March 2025, the company confirmed Wednesday. “As part of VF’s Reinvent strategy, we have evaluated how we are shipping products to best mee[...]
Dominion installs first post for offshore wind project
Dominion Energy plunged the first monopile — after the two existing pilot turbines — into the sea floor Wednesday, kicking off construction of the $9.8 billion Coastal Virginia Offshore Wind (CVOW) project that will bring 176 turbines 27 miles off the coast of Virginia Beach. Installation of the post started mid-morning and [...]
Student sues U.Va., alleging antisemitism
A Jewish undergraduate student is suing the University of Virginia, its president and rector, and two pro-Palestinian organizations, alleging that he was “a victim of hate-based, intentional discrimination, severe harassment and abuse, and illegal retaliation” at U.Va., according to a federal lawsuit filed May 17. Ma[...]
Va. housing market warms up in April
Virginia’s housing market is heating up this spring, with April sales increasing 14.1% from sales in April 2023, according to Virginia Realtors data released Tuesday. Last month, 9,416 homes sold in Virginia, up 1,164 sales from the same month last year. Sales activity in Virginia has been trending up in 2024, except for a dip[...]
VIPC launches $100M fund partnership for Va. startups
The Virginia Innovation Partnership Corp. is partnering with seven venture capital fund managers to invest $100 million in 100 Virginia-based startups. Through the partnership, announced Monday by Gov. Glenn Youngkin and named Virginia Invests, VIPC will commit $40 million to the seven funds using previously awarded funding from[...]
Va. casino gaming revenues total $60.1M in April
Virginia’s three casinos reported about $60.1 million in gaming revenues for April, according to Virginia Lottery data released last week. Last month, the Bristol Casino: Future Home of Hard Rock reported about $13.9 million in adjusted gaming revenues (wagers minus winnings), of which about $11 million came from its 903 slots[...]
Accenture Federal Services completes Cognosante buy
Arlington County-based Accenture Federal Services has completed its acquisition of Falls Church-based Cognosante, AFS announced Monday. With the acquisition, AFS plans to create a new federal health portfolio. The deal adds 1,500 employees to AFS’ workforce. “The health market is a unique mission space in the U.S. federal government,” Accenture Federal Services CEO John Goodman […][...]
Vanguard Landing apartments under construction in Va. Beach
Vanguard Landing, an “intentional community” specifically designed for people with intellectual and developmental disabilities, is under construction in Virginia Beach. Developers broke ground on the first phase in April and started construction in earnest in May. The mixed-use community, which claims to be the first[...]
GDIT wins $185M Air Force task order
Falls Church-based federal contractor General Dynamics Information Technology won a $185 million recompete task order to provide cybersecurity services for the Air Force Civil Engineer Center, the company announced Friday. The 772nd Enterprise Sourcing Squadron at Tyndall Air Force Base in Florida awarded the task order for a on[...]
