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Company behind Chesterfield indoor farm files for bankruptcy
Plenty Unlimited, a San Francisco-based agricultural technology company that counts tech billionaires Jeff Bezos and Eric Schmidt among its investors, has filed for bankruptcy but plans to continue operating its vertical strawberry farm in Chesterfield County throughout the restructuring, according to a company announcement. [...]
Trump appointee fires Freddie Mac CEO
Bill Pulte, heir of one of the nation’s largest homebuilders, wasted little time launching a house cleaning campaign after being confirmed as director of the Federal Housing Finance Agency (FHFA) March 13. On Thursday, Pulte fired Freddie Mac CEO Diana Reid, according to news reports. The government-backed mortgage financi[...]
Trump administration cancels Jefferson Lab operator search
The U.S. Department of Energy has cancelled its search for a new operator and manager of Newport News’ Jefferson Lab, as the current operator’s contract is set to expire at the end of May — prompting speculation of what the federally funded lab’s future entails. The DOE said in a statement that it plans to [&[...]
Virginia Fortune 500 company agrees to $11B buyout
Herndon-based Fortune 500 company Beacon Roofing Supply has agreed to an $11 billion buyout by Connecticut software and professional services company QXO after previously rebuffing a slightly lower offer from the same suitor. The two businesses have entered into a definitive merger agreement with QXO purchasing the building supp[...]
The family of an airplane safety whistleblower is suing Boeing over his death
CHARLESTON, S.C. (AP) — The family of a former Boeing quality control manager who police say killed himself after lawyers questioned him for days about his whistleblowing on alleged jumbo jet defects sued the airplane maker Thursday. Boeing subjected John Barnett to a “campaign of harassment, abuse and intimidation intended[...]
Federal Reserve keeps interest rate unchanged, sees slower growth, slightly higher inflation ahead
WASHINGTON (AP) — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though more policymakers forecast fewer cuts. The Fed also now expects the economy to grow more slowly this year and next than it did three months ago, according to a [&hel[...]
NASA astronauts Butch Wilmore and Suni Williams return to Earth after 9 months stuck in space
CAPE CANAVERAL, Fla. (AP) — Stuck in space no more, NASA astronauts Butch Wilmore and Suni Williams returned to Earth on Tuesday, hitching a different ride home to close out a saga that began with a bungled test flight more than nine months ago. Their SpaceX capsule parachuted into the Gulf of Mexico in the early eveni[...]
While Youngkin celebrates Virginia’s labor force gains, economists warn of future unemployment
Gov. Glenn Youngkin says he feels good about the state’s employment landscape. In an announcement Tuesday, the governor celebrated that Virginia added 7,100 more jobs in January 2025, according to data from the U.S. Bureau of Labor Statistics (BLS). “More Virginians are working than ever in the commonwealth as jobs and o[...]
Judge rules DOGE’s USAID dismantling likely violates the Constitution
WASHINGTON (AP) — The dismantling of the U.S. Agency for International Development by billionaire Elon Musk’s Department of Government Efficiency likely violated the Constitution, a federal judge ruled Tuesday as he indefinitely blocked DOGE from making further cuts to the agency. The order requires the Trump administ[...]
Pentagon is cutting up to 60,000 civilian jobs. About a third of those took voluntary resignations
WASHINGTON (AP) — Roughly 50,000 to 60,000 civilian jobs will be cut in the Defense Department, but fewer than 21,000 workers who took a voluntary resignation plan are leaving in the coming months, a senior defense official told reporters Tuesday. To reach the goal of a 5% to 8% cut in a civilian workforce of more […]
Va. casinos report $75M+ haul for February
February gaming revenues from Virginia’s three casinos totaled $75.2 million, according to a March 14 report from the Virginia Lottery. February’s statewide casino gaming revenues were up $2.86 million from January’s $72.34 million. Last month, Hard Rock Bristol casino reported about $19.75 million in adjusted [...]
Henrico County’s $2.3B GreenCity project is dead
The $2.3 billion GreenCity development in Henrico County is dead, as the developers of the project failed to make more than $5 million in overdue payments by a March 13 deadline, the county said Friday. The county previously sent two notices of default — one in regard to the property purchase agreement and one relating [&helli[...]
