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Krispy Kreme investor to acquire Roanoke’s Shenandoah Life in deal
JAB Holding Co., the Luxembourg-based holding company that owns a majority stake in Krispy Kreme doughnuts, plans to pay $3.1 billion to buy Prosperity Life Group, parent company of Roanoke-based Shenandoah Life Insurance, according to a filing made last month with the State Corporation Commission. Applications for approval of a[...]
Volvo to lay off 250-350 workers in Pulaski
Volvo plans to lay off 250 to 350 workers at its Pulaski County facility in June, according to John Mies, a spokesperson for Volvo Group North America. Between 300 and 450 employees will also be laid off at the company’s Mack Trucks Lehigh Valley Operations in Pennsylvania and at its Volvo Group Powertrain Operations in [&[...]
Carilion Clinic wants to launch a kidney transplant program; UVA Health opposes it
In the coming weeks, Carilion Clinic will learn whether it has the go-ahead from the state to launch a kidney transplant program at Carilion Roanoke Memorial Hospital, a plan UVA Health has publicly opposed. The Roanoke-based health system’s pitch for establishing a program is that there is no kidney transplant surgery ava[...]
Lynchburg transformer manufacturer to add 300 jobs, invest $35M
Delta Star, a manufacturer of power transformers and mobile transformer substations for the electrical grid, is investing $35 million to expand its Lynchburg operation and expects to create 300 jobs, Gov. Glenn Youngkin announced Thursday. The Lynchburg facility is set to expand by 80,000 square feet. Most of the jobs created wi[...]
Campbell breaks ground on $11M shell building
U.S. Rep. John McGuire, R-Goochland, and other officials attended a groundbreaking Tuesday for a 100,000-square-foot industrial building that will be built at Seneca Commerce Park in Rustburg. An $11 million project, the building is the largest initiative undertaken by Campbell County’s Economic Development Department in o[...]
Integer to expand operations in Salem, adding 83 jobs
Gov. Glenn Youngkin announced Tuesday that global medical contract developer and manufacturing company Integer Holdings is expanding its operations in Salem, creating 83 jobs. A news release from the governor says the company plans to make a “significant investment” over the next five years to expand its operations at 200 S.[...]
Roanoke jury finds ER doc wasn’t fired for whistleblowing
A jury decided Friday that a Roanoke Valley emergency room doctor was not fired for complaining that HCA Healthcare’s emphasis on short wait times at LewisGale Medical Center and its Cave Spring ER had a negative impact on patient safety. Dr. Thomas Bolton sought $20 million in his lawsuit against his former employer, Lake[...]
U.S. Cellular to lay off 95 Va. employees due to T-Mobile merger
U.S. Cellular will lay off 95 workers in Virginia in June, according to a post on the Virginia Department of Workforce Development‘s website Friday. The Chicago-based U.S. Cellular’s wireless operations will be sold to T-Mobile for $4.4 billion, the companies announced in May 2024, and U.S. Cellular plans to lay off [...]
Fire causes $4.25M in damages to custom van biz
A three-alarm fire at Roanoke‘s Riverdale campus on Saturday started accidentally from an electrical cause, Roanoke Fire-EMS Chief David Hoback said Wednesday. Damages from the fire that reduced Noke Van Co., a custom camper van business, to rubble are estimated at $4.25 million. “Once you have a structural collapse and [...]
National Bankshares CEO to retire
Blacksburg-based National Bankshares announced that its chairman and CEO, F. Brad Denardo, will retire June 30 from his position as CEO of the community bank holding company and its banking subsidiary, The National Bank of Blacksburg, which does business as National Bank. Denardo will also retire from his position as chairman, p[...]
Roanoke ER doc seeks $20M in landmark whistleblower lawsuit
A Roanoke Valley emergency room doctor’s $20 million lawsuit goes to jury trial this week, with Dr. Thomas Bolton alleging that he was fired for complaining that HCA Healthcare’s emphasis on shorter ER wait times at LewisGale Medical Center and its Cave Spring ER had a negative impact on patient safety. The case is b[...]
Bank of Botetourt CEO retires after nearly four decades at bank
G. Lyn Hayth III will retire as CEO of the Buchanan-based Bank of Botetourt at the end of June after nearly four decades at the bank, according to a Wednesday announcement. Michelle R. Austin, the bank’s president and chief operating officer, will become CEO on July 1 and retain her role as president. After joining [&helli[...]
