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Virginia mail service improves; second Trump push to privatize USPS ‘unlikely’
U.S. Postal Service operations have continued to improve, but a bipartisan coalition of state leaders say more work is needed to get the service to a level Virginians deserve. Virginia was ranked at the bottom for on-time mail delivery in October 2023, at the start of the federal government’s fiscal year. Just over 66% of [&he[...]
VACUL to merge with regional credit union group Jan. 1
Members of the Virginia Credit Union League and the League of Southeastern Credit Unions & Affiliates voted Thursday to approve the Virginia league’s consolidation with the regional organization. The merger will be in effect Jan. 1, 2025, the two organizations announced Friday. “Thanks to the support of the membershi[...]
Bassett Furniture reduces workforce by 40
Bassett Furniture has announced a series of layoffs and retirements in a bid to better match its cost structure to the current rate of business, the home furniture manufacturer and retailer said in a news release Wednesday. This round of reductions, which included layoffs, early retirements and attrition, impacted 40 workers. Si[...]
Glen Allen’s Snagajob is acquired by Boston’s JobGet
JobGet, a Boston-based hourly jobs listings platform, last week announced that it has acquired rival Snagajob in Glen Allen. The financial terms of the deal were not disclosed, according to Tony Liu, cofounder and CEO of JobGet. Snagajob will operate as a standalone entity within JobGet, creating the United States’ lar[...]
Owens & Minor sues Anthem, accusing insurer of mishandling claims
Mechanicsville-based Fortune 500 health care logistics and supply company Owens & Minor filed a federal lawsuit against Anthem Blue Cross and Blue Shield this week, claiming that the Henrico County insurer mismanaged funds for Owens & Minor’s employee health insurance plan and allegedly violated the Employee Retire[...]
UPDATE: Botanical garden workers vote to unionize
Updated Nov. 22 RICHMOND, Va. – Lewis Ginter Botanical Garden workers voted 37-13 in favor of unionization on Nov. 21. The workers filed for union representation last month amid employee-voiced workplace concerns, which ranged from lack of equipment to safety policies. This is the first group of botanical garden workers to be [...]
Ex-Richmond Fed examiner pleads guilty to insider trading
A former Federal Reserve Bank of Richmond examiner on Tuesday pleaded guilty to committing insider trading and making false statements about his trading to the Richmond Fed. Robert Brian Thompson, 43, of Chesterfield County’s Moseley area, was an examiner and senior manager with supervisory duties for the Richmond Fed, wh[...]
Judge rules Youngkin’s RGGI exit was unlawful
A Floyd County Circuit Court judge ruled this week that Gov. Glenn Youngkin’s decision to withdraw Virginia from the Regional Greenhouse Gas Initiative was unlawful, but the governor plans to appeal the decision, according to a spokesperson. Judge Randall Lowe ruled that “the only body with the authority to repeal th[...]
Luck Cos. names president
Richard Luck is now president of Luck Cos., the Goochland-based construction aggregates and decorative stone producer announced Nov. 12 along with several other leadership changes. Richard Luck is the fourth generation of the Luck family to take a leadership role at the company, which has three business units: Luck Stone, Luck E[...]
Armada Hoffler’s next CEO to assume role Jan. 1
Shawn Tibbetts, Armada Hoffler Properties’ president, chief operating officer and CEO designate, will become CEO on Jan. 1, 2025, earlier than previously announced. The Virginia Beach-based real estate investment trust announced in February that it expected to name Tibbetts as CEO in spring 2025, upon current CEO Louis Haddad�[...]
Volkswagen’s U.S. subsidiary names new president and CEO
Rivian Automotive’s Kjell Gruner will become the new president and CEO of Volkswagen Group of America on Dec. 12, the Reston-headquartered subsidiary of the German automaker announced Tuesday. Gruner succeeds Pablo Di Si, who “has stepped down … on his own request,” according to a news release. Di Si assumed the role in [...]
ODEC announces next president and CEO
Chris Cosby will become president and CEO of Glen Allen’s Old Dominion Electric Cooperative on Feb. 1, 2025. Cosby succeeds John C. Lee, who has been ODEC’s president and CEO since Sept. 8, 2023, initially serving in an interim capacity. ODEC announced Lee’s retirement, effective Feb. 1, on Monday. He will serve as a senio[...]
