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Martinsville bank sells Justice family’s overdue loans to Omni Hotels entity

Carter Bankshares sold $209.48 million in past-due loans tied to the Justice family to a subsidiary of TRT Holdings, owner of Omni Hotels & Resorts.

DOE awards...

DOE awards $1.8B contract to LLC to manage Jefferson Lab

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Two hands hold a phone with a sports betting app on the screen. A laptop keyboard shows in the background.

Virginians spend nearly $575M in February sports wagers

Virginians bet $574.6 million on sports in February winning a total of $517.53 million, according to the Virginia Lottery.

Industries

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

Packaging Corp. of America to lay off 110 tied to Richmond facility

Packaging Corp. of America plans to close its Richmond facility, resulting in 110 layoffs.

Real Estate

Statewide home sales, inventories rose in November

Virginia sees homes sales growth in February

Virginia home sales climbed in February as improved inventory and lower mortgage rates boosted buyer activity, according to Virginia Realtors.

Money

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 2, 2026. REUTERS/Jeenah Moon

Inflation in focus for markets jostled by Middle East war signals

US inflation data and corporate earnings season are under scrutiny as the Middle East war drives energy prices and market uncertainty.

Government

A T-38C Talon used primarily by Air Education and Training Command for undergraduate pilot and pilot instructor training. Photo by U.S. Air Force/Steve White.

Boeing lands up to $900M Air Force contract

Boeing has been awarded an up to $900 million Air Force contract to sustain and support T-38C Talon aircraft.

People

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Richmond Region Tourism names inaugural chief growth officer

Richmond Region Tourism has named Jerrine Lee its first chief growth officer, as it rolls out a new plan to boost tourism.

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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

June 4th, 2026 - 11:30 AM

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

Forty Under 40

May 5th, 2026 - 6:00 PM

Forty Under 40 recognizes up and coming business professionals — Under the age of 40 — based on their professional accomplishments, comm[...]

Women In Leadership

Details coming soon!

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

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[...]

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Around The Nation

US crude jumps more than 11%, Brent nearly 8% after Trump vows more attacks on Iran

SpaceX seen as make-or-break test for mega IPOs

Oil slides as Middle East uncertainty keeps markets on edge

Dollar falls for second day as Middle East ceasefire expectations rise

Winchester Council greenlights casino study

US pump prices hit $4 a gallon as Iran war wreaks havoc on global energy supply

E*Trade in talks to lead SpaceX IPO share sale to small investors in US, sources say

US food giant Sysco strikes $29 billion deal for catering supplier Restaurant Depot

A drone view shows acres of corn fields filling the landscape near Springdale, Iowa, U.S., August 20, 2025. REUTERS/Evelyn Hockstein/File Photo

North American farmers pinch pennies on farm machinery as profitless growing season approaches

North American farmers reduce spending on big-ticket farm machinery due to high costs and low crop prices, impacting equipment sales and industry profits.

A sign posted outside a Target store states the company is hiring in Encinitas, California, U.S., March 30, 2026. REUTERS/Mike Blake

US labor market posts largest jobs gain in 15 months, but clouds brewing from Iran war

U.S. job growth rebounded by 178,000 in March, lowering the unemployment rate to 4.3%, despite rising risks from the conflict with Iran and economic uncertainty.

U.S. dollar banknotes and medicines are seen in this illustration taken, June 27, 2024. REUTERS/Dado Ruvic/Illustration

Drugmakers face 100% tariff unless they cut prices or produce drugs in US

The Trump administration will impose 100% tariffs on imported branded pharmaceuticals unless drugmakers cut prices or produce drugs in the US.

The Coinbase logo on a smartphone screen in this illustration taken November 3, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Coinbase gets conditional US approval for trust charter, Bloomberg News reports

April 2 (Reuters) – Coinbase Global has received conditional approval from banking regulators for a national trust company charter, Bloomberg News reported on Thursday, in a move that could boost the biggest U.S. cryptocurrency exchange’s appeal among large institutional investors. Full approval from the Office of the Comptroller of the Currency would let Coinbase operate […]

U.S. House Judiciary Committee hearing on oversight of the Justice Department, on Capitol Hill in Washington, D.C.

Trump fires Pam Bondi as US attorney general, White House official says

Trump removed Pam Bondi as U.S. attorney general following criticism over her handling of Jeffrey Epstein investigation files and DOJ management.

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Opinion

Bridging the workplace soft-skills gap across generations

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

The December question every leader should anticipate

2025: The year of living disruptively

Local leaders shape solar’s future

Beyond burnout: the case for workplaces where people thrive

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

Women execs have tougher climb to top rung

Richard Foster. Photo by James Lee

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

Cross-training is a key strategy used by 68% of Virginia’s 2026 Best Places to Work to ensure operational continuity and employee engagement.

The choice we’re making about AI

The choice we’re making about AI

AI can improve productivity if implemented with training and human connection. Poor rollouts cause frustration and workplace loneliness, warns Best Companies Group.

Jennifer Williamson, CEO of Volunteer Fairfax and vice chair of Virginia Service Foundation. Photo courtesy Volunteer Fairfax

Virginia’s economic competitiveness depends on civic infrastructure

Virginia’s economic competitiveness will not be determined by incentives alone, writes Volunteer Fairfax CEO.

JMU will host seminars in 2026 examining the nation’s founding principles and civic engagement. Photo courtesy James Madison University

Making the business case for InternshipsVA

InternshipsVA establishes a framework that encourages Virginia employers to start or expand high-quality, paid internship programs.

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

Millennials burn out while holding it all together

The other day I was sitting in back-to-back meetings when two notifications hit at once. My son’s school called — he’d fallen and needed to be picked up from school immediately. At the same time, an email from my mom popped up asking for help with her prescriptions. Work was on fire. And I was […]

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