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Boeing CEO to step down by end of year
In late March, Boeing President and CEO Dave Calhoun said he would step down by the end of the year. The announcement came amid ongoing bad press over production problems and fallout from a high-profile January incident in which a 4-foot wall panel blew out of a Boeing 737 Max 9 jet cabin in mid-air. […]
Lighthouse Labs leader has ‘deep heart for entrepreneurship’
Explaining how she became involved in supporting entrepreneurism, the new managing director of Richmond-based accelerator Lighthouse Labs jokes that “it was all accidental.” As a James Madison University senior putting herself through school, Debbie Irwin couldn’t find a class that lined up with her work schedule, so her d[...]
Assembled with care
If you’re trying to visualize what powers manufacturing growth around Roanoke these days, picture 3D-printed helicopter blades and robotics, not old-style grommets. Also known as additive manufacturing, 3D printing produces objects by creating a series of consecutive layers, as opposed to “subtractive” manufacturing, which[...]
StartVirginia: HEARD AROUND VIRGINIA
Comcast said April 9 it is opening grant applications for a program benefiting small businesses across Greater Richmond. The global cable broadcasting company said the grant packages include business coaching, education sources, media schedules, creative production, technology makeovers and $5,000 in cash. Comcast’s RISE program is aimed at supporting the growth of small businesses while […][...]
VCU revives Atlanta’s Creative Circus ad school
Editor’s note: The print version of this story in the May 2024 issue of Virginia Business incorrectly reported the amount of Virginia Commonwealth University’s purchase of the Creative Circus. VCU acquired Creative Circus’ branding and intellectual assets from Texas-based Ancora Education for $75,000. The potential[...]
Virginia 500 Spotlight: ERIK H. NEIL
FIRST JOB: Busboy at Washington Golf & Country Club in Arlington HOBBY/PASSION: Traveling, especially to Italy HISTORIC PERSON I WISH I COULD MEET: [Chrysler Corp. founder] Walter Chrysler, who created this great collection and gave it to the people FAVORITE SPORTS TEAM: Princeton Tigers basketball RECENT BOOK READ: “Stay [...]
Riding the silver tsunami
As a registered nurse unit coordinator and charge nurse at Sentara CarePlex Hospital in Hampton, Andrea Samuel spends her days communicating with doctors and nurses in addition to administering direct bedside care. A Miami native, Samuel entered nursing school at age 19 and has worked for Sentara since 1991. She celebrated her 7[...]
The Lake takes shape in Chesterfield
The first wave of commercial tenants is coming to The Lake, a long-planned, 105-acre mixed-use development that’s slated to bring a surf park to western Chesterfield County. The Lake’s centerpiece will be a 13-acre artificial lake with a tow cable. It’s expected to be ready by summer 2025 for wakeboarding, kayaking, standu[...]
FOR THE RECORD May 2024
CENTRAL VIRGINIA Richmond-based Atlantic Union Bankshares completed its acquisition of Danville-based American National Bankshares, parent company of American National Bank and Trust, on April 1. Based on the $35.31 per share closing price of Atlantic Union common stock on March 28, the transaction value was approximately $507 million. The deal was announced in July 2023, […]
Carter Bank vs. Justice family saga continues
Martinsville’s Carter Bank & Trust says a Feb. 12 federal lawsuit filed against it by GLAS Trust Co. contains “false and misleading” allegations as part of a complex financial dispute over debt repayments from loans to West Virginia Gov. Jim Justice, his family and their businesses. GLAS filed suit in the U.S. District[...]
Flying off the glass cliff?
You’ve no doubt heard of the glass ceiling — the barrier above which women couldn’t rise professionally — but have you heard about the glass cliff? It’s not as familiar a term as the ceiling, but the glass cliff is real. It’s what happens when a woman or someone from another marginalized group is put […]
Breaking the rules
For lawyers, time has always been money, which has made the billable hour standard practice for the profession since the 1960s. But with the rise of artificial intelligence, which already can cut the time required to complete rote tasks from days or hours down to seconds, a once-inconceivable event just might come to pass — [&[...]
