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ASRC Federal...

ASRC Federal names new CEO, as Felix steps down

ASRC Federal, the Reston-based federal contractor and subsidiary of Arctic Slope Regional, has a new president and CEO, Mike Manzo.

Youngkin takes...

Youngkin takes chairman role at Red Cell Partners

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Hepburn and Sons to invest $18.1M in Prince William, creating 80 jobs

Hepburn and Sons will soon invest $18.1 million to establish a new corporate headquarters in Prince William County, creating 80 jobs.

Industries

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Medical Faculty Associates plans to terminate 105 Virginia workers

Medical Faculty Associates plans 105 Virginia layoffs as it transitions most clinical services to Capital Medical Group.

Real Estate

The property formerly known as The Commodore. Photo courtesy Berkadia

Arlington Court House-area high rise sells for $216M

Boston-based GID paid about $216 million for The Commodore, a 423-unit Arlington apartment tower now rebranded Windsor Courthouse.

Money

Traders work on the floor of the NYSE in New York

S&P 500 edges down with Iran and earnings season in focus

The S&P 500 edged down amid concerns over Middle East tensions and anticipation of major tech earnings from Alphabet, Tesla, and Intel this week.

Government

Virginia ABC headquarters. Courtesy Virginia Alcoholic Beverage Control Authority

Spanberger declined to reappoint Virginia ABC head

Gov. Abigail Spanberger ignored requests from industry leaders and declined to reappoint Dale Farino to lead the Virginia ABC.

People

Peraton’-new-CFO-Salim-Omar

Peraton promotes acting CFO to permanent role

Peraton announced Wednesday that acting Chief Financial Officer Salim Omar has been named the company's permanent CFO, effective June 20.

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BTM Business Connect

Rolley Davis, President of Sussex Development Corporation.

Rolley Davis Promoted to President of Sussex Development Corporation

Virginia Beach, VA — Sussex Development Corporation, a leading construction management firm headquartered in Virginia Beach, announced today the promotion of Rolley Davis from Vice President to President. As President, he will oversee company operations, strategic initiatives, and long-term growth, while continuing to foster the culture of integrity, commitment, collaboration, and excellence that has defined […]

Movers & Shakers

EVENTS

Virginia Top Projects & Real Estate Deals

July 28th, 2026 - 5:30 PM

Top Projects is an annual recognition program honoring the most outstanding building and construction projects completed across Virginia ove[...]

In-House Counsel Awards

September 17th, 2026 - 11:30 AM

Virginia Lawyers Weekly and Virginia Business recognize Virginia’s top in-house counsel, who, among other things, navigate complicated con[...]

Women In Leadership

October 6th, 2026 - 5:30 PM

The Women in Leadership Awards celebrate top women executives for their overall professional accomplishments, civic engagement, mentorship, [...]

Icons Honors

November 13th, 2026 - 11:30 AM

The Virginia Icons Awards recognize the lifetime achievements of Virginia leaders from business, government and higher education over the ag[...]

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Around The Nation

Truth Social to sell banks ‘fastest’ access to Trump’s posts

Trump’s teleprompter operator under CFTC probe over potential insider trading, sources say

UnitedHealth regains earnings momentum, shares surge

Fed’s Cook says she is prepared to act soon if inflation does not begin to slow

Stripe, Advent offer to buy PayPal for more than $53B, sources say

Oil prices rise 2% to one-month high as US-Iran attacks deepen supply disruption

Trump cuts to clean energy linked to $83B in delayed or canceled projects

Fed chief Warsh vows to ‘do my job’ if challenged by Trump

Boeing Facility in Renton, Washington

FAA restores Boeing authority to certify 737 MAX, 787 planes

The FAA has restored Boeing's authority to issue airworthiness certificates for 737 MAX and 787 airplanes, marking a key step as production ramps up.

FILE PHOTO: Warner Bros. studio lot in Burbank

Judge orders Paramount to temporarily pause Warner Bros. acquisition

Paramount's $110 billion acquisition of Warner Bros. Discovery is paused by a judge following a coalition of states' lawsuit citing competition concerns.

Federal Open Market Committee meeting on interest rate policy at the Federal Reserve, in Washington

Fed rate-hike voices swell before July decision, rates still seen on hold

Cleveland Fed President Beth Hammack calls for interest rate hikes to combat persistent inflation ahead of the Fed's July meeting.

People walk behind a logo of Meta Platforms company, during a conference in Mumbai,

Meta, Anthropic in talks for potential $10B compute lease deal, NYT reports

Meta Platforms is in talks to lease computing power to Anthropic in a potential $10 billion deal, aiming to expand its cloud computing business.

New iPhone 17 demonstrated in Moscow store ahead of sales launch in Russia

Apple unseats Nvidia to become world’s most valuable company as AI bets shift

Apple surpassed Nvidia to become the world's most valuable company, reflecting changing investor focus on ai and Apple's growing role in the tech sector.

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Opinion

Are your best people leaving over money — or this?

Maritime and logistics can lift the commonwealth

No one’s indispensable — and that’s a good thing

The choice we’re making about AI

Virginia’s economic competitiveness depends on civic infrastructure

Making the business case for InternshipsVA

Millennials burn out while holding it all together

Bridging the workplace soft-skills gap across generations

Depositphotos

Virginia’s new pay law requires a number — not the truth

Virginia’s new pay transparency law requires employers to post salary ranges but may not ensure those numbers reflect realistic pay for applicants.

Jaime-Raul-Zepeda

“AI won’t take your job” and other things CEOs say before the layoffs

Gartner reports 80% of billion-dollar companies deploying AI have cut headcount, but these reductions did not improve financial returns.

Tesla CEO Elon Musk holds a mobile phone as he arrives to attend a state banquet with U.S. President Donald Trump and Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, May 14, 2026. REUTERS/Evan Vucci//File Photo

One in a trillion: Musk’s milestone 

Elon Musk became history's first trillionaire following the successful SpaceX IPO, marking a new wealth milestone with significant economic impact.

Haymore_Todd

Could Virginia’s data center fight scare off other industries?

In 2024, following the unsuccessful effort to bring a sports arena to Alexandria, I wrote in Virginia Business that the Commonwealth would continue to find success recruiting investment and jobs because “the fundamentals of the commonwealth’s business case remain unbelievably strong and make us the envy of most other states.” That opinion was ultimately proven […]

Crutchfield_Bill

Commentary: Entrepreneurs, think creatively

Bill Crutchfield, founder of Crutchfield Corp. in Charlottesville, shares how unconventional thinking drove his company's success.

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