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Federal court grants Dominion injunction, allowing offshore wind construction to proceed

Dominion Energy won a preliminary injunction Friday in federal court, allowing construction to resume on the Coastal Virginia Offshore Wind project off Virginia Beach's coast. In December 2025, the U.S. Department of the Interior paused the project for 90 days, leading the Richmond Fortune 500 utility to sue the government.

Virginia luxury...

Virginia luxury packaging provider plans $34M HQ expansion

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Photo courtesy Yokohama Tire

Yokohama Tire plans 392 layoffs in Virginia

Yokohama Tire will lay off 392 workers and reduce production at its Salem plant, with a full closure possible in September.

Industries

AeroFarms to close Pittsylvania operations; 173 to lose jobs

AeroFarms secures funding to delay Ringgold closure through February

AeroFarms received short-term funding to keep its Ringgold indoor farm operating through Feb. 27, delaying potential layoffs.

Real Estate

A "For Sale" sign stands at a house in Miami, Florida, U.S. April 16, 2025. REUTERS/Marco Bello

Trump plans to allow 401(k) withdrawals for home down payments

WASHINGTON, Jan 16 (Reuters) – The Trump administration plans to allow investors to use some of their retirement funds to make a down payment on a house, White House economic adviser Kevin Hassett said on Friday, adding that more details will be released next week. “We’re going to allow people to take money out of […]

Money

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 13, 2026. REUTERS/Brendan McDermid

Wall Street ends flat ahead of long weekend

NEW YORK, Jan 16 (Reuters) – U.S. stocks ended nearly flat on Friday in a choppy session ahead of the long weekend, although all three major indexes posted losses for the week as fourth-quarter earnings season kicked off. Shares of chipmakers rose, with an index of semiconductors extending gains from Thursday. Big U.S. banks posted […]

Government

The Virginia State Capitol building is seen duirng the session of the General Assembly in Richmond, Virginia, U.S, February 8, 2019. REUTERS/Jay Paul

Virginia Democrats move toward new map that could net House seats

Jan 16 (Reuters) – Virginia’s Democratic-controlled Senate on Friday approved a constitutional amendment that, if approved by voters, would permit lawmakers to redraw the state’s congressional lines, potentially netting Democrats up to four U.S. House of Representatives seats. The state’s move is the latest volley in a nationwide battle over redistricting between Republicans and Democrats […]

People

Dr. Ameya Kulkarni being named Kaiser's executive director.

Kaiser Permanente names mid-Atlantic medical director

Kaiser Permanente of the Mid-Atlantic States has tapped Dr. Ameya Kulkarni to be its new executive medical director.

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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

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

March 31st, 2026 - 4:30 PM

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

Women In Leadership

Details coming soon!

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

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Around The Nation

Morgan Stanley beats profit estimates on dealmaking windfall

US weekly jobless claims fall, but labor market is still in a holding pattern

Verizon outage: Massive outage bringing network down. What to know

US biotech sector poised for 2026 rebound as IPO interest revives

Oil climbs on concerns over potential Iranian supply disruption

US approves Nvidia H200 chip exports to China with some conditions

US banking giants reap bigger profits as borrowers seek more loans

US consumer inflation increases steadily, but households paying more for food and rents

U-Va. board member text messages reviewed by The Washington Post were obtained through Virginia's Freedom of Information Act by Richmond-based author Jeff Thomas. MUST CREDIT: Jabin Botsford/The Washington Post

‘This is war’: In texts, U.Va. board members plot with Youngkin, decry DEI

As Republican leaders moved to root out what they have criticized as liberal ideology at the University of Virginia, some conservative appointees to its board texted privately about ending “chemical and surgical mutilation” for transgender youth at its hospitals and undoing “regimes of racial classification” in its classrooms, according to nearly 1,000 pages of text […]

FILE PHOTO: Electrical transmission poles and lines are shown in the early morning of a hot summer day in Commerce, California, U.S, August 7, 2025. REUTERS/Mike Blake/File Photo

White House seeks emergency power auction for largest US electric grid

WASHINGTON, Jan 16 (Reuters) – The White House on Friday urged the largest U.S. electric grid to conduct an emergency power auction to protect against rolling blackouts as energy demand from data centers grows faster than the country can build new generation plants. The Trump administration initiative calls on PJM Interconnection, which serves 67 million […]

Federal Reserve Vice Chair for Supervision Michelle Bowman arrives to testify before the House Financial Services Committee on Capitol Hill in Washington, D.C., U.S., December 2, 2025. REUTERS/Jonathan Ernst

Fed should be ready to cut rates again amid job market risks

FOXBOROUGH, Massachusetts, Jan 16 (Reuters) – Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday a fragile job market that could weaken quickly means the U.S. central bank should stand ready to cut interest rates again if needed. “Absent a clear and sustained improvement in labor market conditions, we should remain ready to […]

Containers and equipment sit at the Port of Keelung, Taiwan, August 7, 2025. REUTERS/Ann Wang

US, Taiwan reach trade deal focused on semiconductors, US Commerce Department says

WASHINGTON, Jan 15 (Reuters) – The U.S. and Taiwan clinched a trade deal on Thursday that cuts tariffs on many of the semiconductor powerhouse’s exports, directs new investments in the U.S. technology industry and risks infuriating China. The deal deepens the Trump administration’s ties with Taipei at a critical time as China ratchets up pressure […]

FILE PHOTO: Goldman Sachs logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/File Photo

Goldman’s profit beats on record stock trading, sees robust M&A activity in 2026

Jan 15 (Reuters) – Goldman Sachs’ fourth-quarter profit beat Wall Street expectations on Thursday, driven by a surge in dealmaking and trading, as it expressed optimism for investment banking in the year ahead. A friendlier regulatory environment under U.S. President Donald Trump, lower interest rates and excess cash have led companies to pursue more deals. […]

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Opinion

Back to school, back to buying? How fall affects Northern Virginia homebuyers

Women execs have tougher climb to top rung

Don’t import 996: Why America should reject overwork culture

OurView: Will AI spell lights out for white-collar workers?

The People Paradox: Why ‘Soft’ Skills Deliver the Hardest Numbers

The Mailroom: America needs immigrants

Virginia’s universities at risk if checks and balances fail

Virginia’s chance to legalize marijuana right

On Jan. 15, 2022, Republican Glenn Youngkin was sworn in as Virginia’s 74th governor on the steps of the state Capitol. Photo courtesy governor’s office.

Why Virginia’s one-term limit for governors deserves a second look

As Virginia prepares to swear in its first woman governor, it’s worth reexamining whether the commonwealth’s one-term limit on governors serves the state’s long-term economic and leadership interests.

The People Paradox: Why ‘Soft’ Skills Deliver the Hardest Numbers

The December question every leader should anticipate

As the year winds down, our calendars fill with two things: out-of-office replies and existential dread. December has a funny way of putting a mirror in front of us. In the quiet between deadlines and family gatherings, a perennial set of questions shows up: What am I doing with my life? Do I still want […]

2022 Virginia 500: Moving up

2025: The year of living disruptively

Looking back on 2025, the best symbol of the past year’s upheaval might be the White House, if not its most famous occupant. Since moving back into 1600 Pennsylvania Ave. in January, our real estate mogul president has launched into a series of home renovations worthy of its own HGTV series. The most prominent changes […]

Jared Burden is a Co-Managing Partner of GreeneHurlocker. Photo courtesy Jared Burden

Local leaders shape solar’s future

With federal support shrinking, Virginia’s solar future depends on local boards, zoning decisions and early community engagement.

Beyond burnout: the case for workplaces where people thrive

Beyond burnout: the case for workplaces where people thrive

In my last column, I wrote about the lesson of 996 culture, an overwork philosophy that destroys value. Now, the next question is obvious: What actually creates it? The answer isn’t complicated, but it does require courage. Sustainable business success comes from workplaces where people feel valued, fulfilled and empowered. When employees feel their contributions […]

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