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UVA Health receives $50M in two anonymous gifts for Manning Institute

Two anonymous donors have given $25 million gifts to support the University of Virginia's Manning Institute of Biotechnology.

EdgeCore to...

EdgeCore to invest $17B in Louisa County data center campus

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A sign is affixed to the exterior of a Kroger grocery store in Monroe, Ohio, in this undated photo. AP Photo/Jeff Dean.

Kroger to close at least two Virginia stores in profitability move

Kroger plans nationwide store closures over 18 months to improve profitability. At least two stores in Virginia will likely close.

Industries

In a June 25, 2025, decision, the European Commission will conduct an investigation of the Mars-Kellanova blockbuster deal. Photo courtesy Depositphotos

EU opens investigation into $35.9B Mars-Kellanova merger; FTC approves deal

The European Union's antitrust watchdog organization has opened an in-depth investigation into Mars' proposed $35.9 billion acquisition of Kellanova

Real Estate

The building at 2415 Eisenhower Ave. Photo by AdobeStock

HUD to move into National Science Foundation building in Alexandria

HUD is relocating its headquarters from Washington, D.C., to the National Science Foundation building in Alexandria.

Money

Oil prices flip-flop and US stocks drift as Wall Street waits for Iran’s reaction to US strikes

US stocks climb to the brink of a record

  NEW YORK (AP) — The U.S. stock market is rising toward the brink of another record. The S&P 500 was 0.5% higher in morning trading and just 0.3% below its all-time high, which was set in February. The Dow Jones Industrial Average was up 264 points, or 0.6%, as of 10:45 a.m. Eastern time, […]

Government

A photo of white icons representing people. Some of the icons have red X marked on them.

More than 250 job cuts at Virginia companies, state reports

More than 250 Virginia jobs are being cut in June, including layoffs at CarParts.com, Kroger, and Nakupuna Companies.

People

Virginia Bankers Association names new chair

Virginia Bankers Association names new chair

Thomas F. Cherry, president and CEO of C&F Bank, has been named chairman of the Virginia Bankers Association

Healthcare

BTM Business Connect

Unanet Acquires Beltway Software Firm Contraqer to Help GovCons

Unanet Acquires Beltway Software Firm Contraqer to Help GovCons

Unanet today announced it has acquired Contraqer, a leading provider of market intelligence and procurement software for government contractors. With Contraqer, Unanet adds to its robust growth suite of solutions that help GovCons identify, solicit, manage, and win more business. According to Unanet’s most recent GAUGE Report, 45% of GovCons cite lack of business development […]

Movers & Shakers

EVENTS

C-Suite Awards

Details coming soon!

The C-Suite Awards celebrate top corporate executives who consistently demonstrate remarkable leadership skills, integrity, values, vision, [...]

Forty Under 40

Details coming soon!

Virginia Business is pleased to launch its inaugural Forty Under 40 Awards program in 2025!

Best Places to Work in Virginia

Details coming soon!

Best Places to Work in Virginia is a research-driven program from Best Companies Group that examines your company’s practices, programs an[...]

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Around The Nation

With its stock in sharp decline, Trump’s media company will buy $400 million of its own shares

Lockheed Martin to cut jobs at Greenville F-16 site

Compass sues Zillow over off-market listings ban

May home sales barely move as high mortgage rates, prices, weigh on housing market

Experts urge Boeing 737 Max engine fix after bird strikes

Aflac finds suspicious activity on US network that may impact Social Security numbers, other data

Borrowers looking for lower costs will have to wait as the Fed is unlikely to cut rates

US unemployment ticked down, hovering at historically low levels

Pringles maker Kellanova’s shares rise after US regulators approve its proposed merger with Mars

Pringles maker Kellanova’s shares rise after US regulators approve its proposed merger with Mars

Snack maker Kellanova’s shares rose Thursday on news that its proposed merger with Mars Inc. had cleared U.S. regulators. The U.S. Federal Trade Commission announced late Wednesday that after nearly a year of investigation, it determined that a merger between Mars and Kellanova wouldn’t threaten competition in the market. Kellanova shares were up nearly 1% in morning […]

NTSB set to meet on door plug investigation of terrifying Alaska Airlines flight

NTSB set to meet on door plug investigation of terrifying Alaska Airlines flight

The National Transportation Safety Board on Tuesday will be focused on preventing another terrifying event like the one involving a panel that flew off a Boeing 737 Max midair in January of 2024. The board will discuss what NTSB investigators have uncovered over the past 17 months, including their revelation that bolts securing what is […]

Americans’ take on the economy sours in June and, after a brief respite, continues to slide

Americans’ take on the economy sours in June and, after a brief respite, continues to slide

WASHINGTON (AP) — Americans’ view of the U.S. economy worsened in June, resuming a downward slide that had dragged consumer confidence to its lowest level since the COVID-19 pandemic five years ago. The Conference Board said Tuesday that its consumer confidence index slid to 93 in June, down 5.4 points from 98.4 last month, which […]

Powell signals patience on rate cuts despite Trump pressure

Powell signals patience on rate cuts despite Trump pressure

Fed Chair Powell says rate cuts must wait, rebuffing Trump ahead of hearings.

Will the tariffs lead to a recession? Here’s how to know if we’re in one

Federal Reserve’s Bowman says rate cut should be on table in July

WASHINGTON (AP) — Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed officials as they endure sharp criticism from the White House. Bowman said that President Donald Trump’s tariffs have so far not caused the jump in inflation that […]

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Opinion

Ocean freight outlook 2025: tariffs, crisis fuel chaos

Elon Musk’s memo exposes a trust crisis in leadership

Trump’s tariffs echo Hoover-era economic missteps

Our View: Trump charts chaotic course in trade wars

Constructing change

Why let Big Tech destroy our climate?

Our View: Making Virginia grate again

Best at Work Insights: Employees’ happiness is overrated

Virginia Republican candidate for lieutenant governor John Reid posted a video April 25, 2025, saying that he would stay in the race despite Gov. Glenn Youngkin's demand that he resign from the ticket.

OurView: Nothing new under the sun in Virginia politics

In late April, GOP lieutenant governor candidate John Reid posted a highly atypical campaign video on X. His political enemies within the party, Reid alleged, were staging a “coordinated character assassination attempt to force [him as] the first openly gay candidate off the Republican statewide ticket.” Gov. Glenn Youngkin, Reid said, had asked him to […]

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Bad managers drive away talent

When you manage people, you don’t just oversee productivity — you hold careers, livelihoods and psychological well-being in your hands. The data doesn’t lie, and neither do the millions who’ve weighed in on what constitutes leadership worth following. Fact: 69% of U.S. workers would rather clean toilets at a bus station than report to a […]

In this photo provided by the U.S. Navy, Hospital Corpsman 1st Class Garion Pequeno reunites with his family after departing the USS Cole on Monday, Dec. 23, 2024, at Naval station Norfolk after a deployment. (Mass Communication Specialist Seaman Mark Peña/U.S. Navy via AP)

Let us honor Virginia’s military through educational opportunities

Today, we write to call on our leaders to continue investing in pathways that serve military families, keep them in Virginia, and strengthen Virginia’s economic future. The Virginia Military Survivors and Dependents Education Program — or VMSDEP — provides in-state tuition waivers to the spouses and children of service members who were disabled or killed in the line of duty.

Tanveer Kathawalla, founder and managing partner of Pioneer1890, based in Alexandria. Photo courtesy Tanveer Kathawalla

I voted for Trump. His tariff exclusions don’t reflect conservative strength

Alexandria business founder Tanveer Kathawalla writes in an op-ed that President Donald Trump's tariffs project decline and harm industry and the nation's ability to reduce federal debt.

Mary Baldwin University President Jeff Stein. Photo courtesy MBU

Getting full value out of college from day one

Mary Baldwin University's president writes in an op-ed that for too long, the traditional college model has delayed the real payoff — deferring meaningful mentorship, skills-building and career direction until a student’s final semesters.

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