Sign In
Free Newsletter
Smithfield Foods CEO to retire
Smithfield Foods Inc., the world’s largest pork processor and hog producer, announced Monday that President and CEO Kenneth M. Sullivan will retire in early 2021 after nearly 20 years with the company. Chief Operating Officer Dennis Organ will succeed Sullivan as president and CEO following his retirement. Organ joined the c[...]
Could telework be the new normal for federal workers?
Telework could be here to stay, according to findings from a survey of top federal government executives released Tuesday by Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC). A majority of the 300 respondents surveyed by Market Connections said they expect the technology changes put in [...]
Virginia lawmakers make Juneteenth a state holiday
RICHMOND, Va. — Juneteenth has officially become a state holiday after lawmakers unanimously approved legislation during the Virginia General Assembly special session. Juneteenth marks the day news of the Emancipation Proclamation reached Texas, which was the last state to abolish slavery. The companion bills were introduc[...]
Va. COVID-19 rate creeps up to 5%
The state’s COVID-19 positivity rate increased last week to 5%, up from 4.5% on Oct. 12. According to the Virginia Department of Health, the state recorded 7,258 new cases and 96 more coronavirus-related deaths over the past week. Virginia has 166,828 total COVID cases since the pandemic started, as well as 3,457 deaths, as of […]
Chippenham Hospital reaches Level I trauma status
Health care network HCA Virginia announced Monday that Chippenham Hospital on Oct. 15 was designated by the commonwealth of Virginia as a Level I Trauma Center, making it the only such center in the southern Richmond metropolitan area. Level I Trauma Centers provide more care options for severely injured patients and the accredi[...]
Williamsburg apartment complex sells for $46.5M
An apartment complex in Williamsburg sold for $46.5 million, commercial real estate firm Colliers International announced Wednesday. Located at 100 Whitworth Way, Elan-Williamsburg is a 198-unit apartment complex developed by Charleston, South Carolina-based real estate developer Greystar in 2018. It was sold to Glen Allen-based[...]
BAE Systems wins $65.7M Navy contract
The U.S. Navy awarded Arlington-based defense contractor BAE Systems Inc. (the U.S. subsidiary of United Kingdom-based BAE Systems plc), a $65.7 million contract to develop, produce, test, evaluate and update air traffic control systems for the branch, the U.S. Department of Defense announced Thursday. Under the contract, BAE Systems will also develop and support test […]
John Marshall Foundation announces name change
The John Marshall Foundation, which raises funds for education about the rule of law under the Constitution, will now go by the John Marshall Center for Constitutional History & Civics, the nonprofit announced Friday. “The new name seeks to convey to the public that everyone is invited, that people lie at the center of its[...]
Virginia Realtors turns 100
This month, Virginia Realtors will be 100 years old, marking its anniversary as a centenarian while the residential real estate market in Virginia continues to climb despite the pandemic. Founded on Oct. 22, 1920, Virginia Realtors has become one of the largest trade associations in the state, representing 35,000 members in the[...]
Northam directs $73M to home health care worker hazard pay
Home health care workers who served elderly people or those suffering from disabilities during the early months of the pandemic will receive a one-time $1,500 hazard payment from the state government, Gov. Northam announced Thursday. Northam announced $73 million in federal CARES Act funding would be disbursed among an estimated 43,500 home health care workers […]
GTT Communications to sell infrastructure division for $2.15B
McLean-based telecommunications company GTT Communications Inc., which provides high-speed internet and cloud networking services to more than 144 countries, announced Friday it will sell its infrastructure division to Miami, Florida-based I Squared Capital for $2.15 billion. Under the definitive purchase agreement, I Squared Capital would obtain GTT’s Pan-European, North American, subsea and transatlantic fiber network […][...]
NoVa housing market continues upward trend in September
Unlike other industries struggling during the pandemic, residential real estate continues to stay strong. Northern Virginia Realtors saw a 58% increase, or nearly $1.5 billion, in the amount of real estate sold in September compared to the same time period last year, according to the Northern Virginia Association of Realtors (NVAR). The NVAR service area […]
