On Friday, just before closing the $35.3 billion acquisition of Discover Financial Services, Capital One Financial came to settlement terms with customers who were suing the McLean bank. If the agreement is approved by a federal judge, Capital One will pay $425 million to plaintiffs.

The Virginia Economic Development Partnership announced last week that global power transmission manufacturer Sumitomo Drive Technologies will invest $9.3 million to automate a warehouse and distribution center in Chesapeake.

Central Virginia Regional Multiple Listing Service and Bright MLS announced a data sharing agreement. Subscribers of each will be able to search current and historical property listing information integrated into both systems.

NEW YORK (AP) — U.S. stocks, bonds and the value of the U.S. dollar are drifting lower on Monday following the latest reminder that the U.S government seems to be hurtling toward an unsustainable mountain of debt. The S&P 500 was down 0.3% in midday trading after Moody’s Ratings became the last of the three […]

Virginia’s Made in Virginia Accelerator program announced May 8 accelerates large-scale projects with a $250M+ capital investment and 500+ jobs, offering expedited permitting and coordination among state agencies.

UVA Health announced Thursday that Stephanie Schnittger will become its chief financial officer, starting July 7.