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Three Va. universities have ‘some viability risks,’ report says
State researchers found Radford University, Virginia State University and the University of Mary Washington had “some viability risks,” according to a report released Monday, but none are in immediate danger of closing. The good news from the report conducted by the Joint Legislative Audit and Review Commission, which con[...]
VCU eyes purchasing Altria’s Richmond research facility
Officials with Virginia Commonwealth University are discussing with the Altria Group the possibility of buying its 450,000-square-foot research building in downtown Richmond, the two parties acknowledged separately this week. The Altria Center for Research and Technology, which opened in 2007, sits on more than four acres at 6[...]
Ports strike is suspended as tentative agreement reached
On day three of a massive dockworkers’ strike that was resulting in runs at supermarkets on consumer goods like toilet paper, the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) announced a tentative agreement had been reached and work would resume in ports from Maine to Texa[...]
SCHEV approves ODU/NSU Joint School of Public Health
The State Council of Higher Education for Virginia (SCHEV) has approved the Joint School of Public Health (JSPH), offered by Old Dominion University and Norfolk State University, the schools announced on Thursday. Council members approved the school at a Sept. 17 meeting, according to a SHEV spokesperson. “We have a real opportunity to create and […]
Siemens Energy agrees to pay $104M over Dominion bidding scheme
Siemens Energy pleaded guilty and agreed to pay $104 million this week to settle a federal criminal investigation into stealing trade secrets in order to undercut competitors’ bids in 2019 to build a Dominion Energy gas turbine “peaker” power plant in the Richmond metropolitan area. The settlement comes after t[...]
Sports betting brings in tax money, gambling helpline calls
RICHMOND, Va. — Football season has kicked off and stretches from September to February. The sport is forecasted to bring in $35 billion in legal bets this season, according to the American Gaming Association. In Virginia it is one of the top types of sports wagers made, according to Virginia Lottery gaming updates. Sports[...]
Virginia Natural Gas taps new CEO
Shannon O. Pierce will succeed Robert Duvall as CEO of Virginia Natural Gas when Duvall retires in April, according to an announcement by Southern Company Gas, parent company of the Virginia Beach utility. A native of Surry, Pierce stepped into the roles of VNG president and senior vice president of Southern Company Gas, VNGR[...]
Va. universities take ‘heavy hand’ with protest policies, advocate says
RICHMOND, Va. — Students, lawmakers and free-speech activists question if updated university policies that regulate student demonstrations violate First Amendment rights. After campus protests that led to some clashes with police, institutions such as Virginia Commonwealth University, James Madison University, University o[...]
Three Va. CEOs make world’s most powerful women list
Three Virginia CEOs made Fortune’s 2024 list of the world’s 100 Most Powerful Women in business, which the media company released Wednesday. Kathy J. Warden, chair, president and CEO of Falls Church-based Fortune 500 defense contractor Northrop Grumman ranked highest among the trio of Virginia leaders, taking the No. 25 [...]
Afton Scientific announces $200M Albemarle expansion
Afton Scientific, a manufacturer of sterile injectable pharmaceuticals, plans to invest over $200 million to expand its manufacturing facility in Albemarle County, Gov. Glenn Youngkin announced Wednesday. The expansion is projected to create more than 200 jobs. Founded by Thomas Thorpe in Charlottesville in 1991, Afton Scientifi[...]
As dockworkers strike continues, experts weigh potential supply chain impacts
The situation remains at a stalemate following the first day of a historic strike by the International Longshoremen’s Association (ILA) at ports from Maine to Texas. Thousands of ILA members joined the picket line as a midnight deadline passed Monday evening — with no deal reached between ILA and the United States Maritime A[...]
These six Va. billionaires made Forbes’ 2024 richest Americans list
Six Virginia billionaires are among the 400 richest Americans, according to Forbes’ annual ranking, which the media company released Tuesday. To make the Forbes 400 list, U.S. citizens had to have a minimum net worth of $3.3 billion — an increase of $400 million over 2023’s list. Collectively, the members of this elite[...]
