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New $230M chocolate factory coming to Frederick County
Frederick County may not have won the golden ticket to Willy Wonka’s chocolate factory, but it may have snagged something even better — a chocolate facility of its own. Gov. Glenn Youngkin announced Friday that Wisconsin chocolate manufacturer Clasen Quality Chocolate will invest $230 million to build a new production fa[...]
Federal watchdog reverses course, drops Capital One lawsuit
The Consumer Financial Protection Bureau reversed course Thursday and dropped a federal lawsuit against McLean-headquartered Capital One and its parent company, Capital One Financial, which alleged the companies cheated millions of consumers out of more than $2 billion in interest payments. The U.S. government’s watchdog [...]
UVA Health CEO resigns, effective immediately
Dr. Craig Kent resigned as the CEO of UVA Health on Tuesday, following a closed-session meeting of the University of Virginia Board of Visitors earlier in the day. A letter to UVA Health faculty and staff says that Kent “offered, and President Ryan accepted, his resignation” after the meeting, when board members and [...]
Fed should be cautious amid uncertainty, Barkin says
Although inflation is coming down, the Federal Reserve Bank should exercise caution amid economic and geopolitical uncertainty, Federal Reserve Bank of Richmond President and CEO Tom Barkin said Tuesday while addressing a Rotary Club of Richmond meeting. The economy is in a good place, Barkin said, citing the 2.5% growth in the [...]
Youngkin announces resources to support federal workers
Amid federal workers facing the threat of layoffs, Virginia Gov. Glenn Youngkin announced on Monday that Virginia has 250,000 jobs open across various industries and unveiled an initiative to help connect the state’s workforce to these positions. Tens of thousands of workers have been fired under President Donald Trump’s adm[...]
U.Va. board votes to continue gender-affirming care for existing patients under 19
During a Feb. 21 special meeting, the University of Virginia’s board of visitors voted for UVA Health to continue providing gender-affirming treatment to people under 19, but only to current patients. New patients will instead be referred to “alternative private providers” until further notice. Also, the BOV — a 17-membe[...]
Amazon eyes Caroline, Spotsylvania for 11-building data center campus
Amazon is seeking federal and state permits to build an 11-building data center campus in Caroline and Spotsylvania counties. The e-commerce giant’s Amazon Data Services subsidiary sent a joint permit application last week to the U.S. Army Corps of Engineers. Amazon plans to build the campus directly southeast of the Inter[...]
U.Va. board to meet over gender-affirming care dispute
The University of Virginia’s Board of Visitors — now controlled by members appointed by Gov. Glenn Youngkin — has scheduled a Feb. 21 special meeting to discuss UVA Health’s decision to resume gender-affirming medical care for patients under the age of 19. The university-affiliated health system suspended treatments in l[...]
HII’s CEO doesn’t expect major defense spending cuts under Trump
President Donald Trump’s suggestion last week that he could cut U.S. defense spending in half spooked the stock market — but the CEOs of Virginia’s Huntington Ingalls Industries and Science Applications International Corp. are taking Trump’s statement in stride. Thursday afternoon, Trump said, “One of t[...]
Reports of NoVa housing market’s demise are greatly exaggerated, experts say
“See the rats run,” a Facebook post put up Saturday reads. It’s illustrated with a map purportedly of Arlington County — a map covered with dozens of ovals indicating where houses are on the market. Many of the ovals are labeled “coming soon” or “new.” In the wake of President Donald Trump and Elon Musk’s [[...]
Construction kicks off on $750M Norfolk casino
After more than four years and amid shifting plans, construction has finally begun on Norfolk’s new $750 million casino resort. Norfolk Casino spokesperson Jay Smith confirmed that construction on the long-awaited project kicked off Friday near Harbor Park. While a ceremonial groundbreaking ceremony was held in October 2024, a[...]
Bon Secours plans $370M expansion of Henrico hospital
Bon Secours Mercy Health plans to break ground this summer on a $370 million renovation and expansion of Bon Secours St. Mary’s Hospital in western Henrico County, the hospital’s president said Friday. “Since the hospital opened in 1966, this is the most transformative project that we’ve taken on,” Bryan Lee sa[...]
