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Government contractor to add 1,200 jobs in Alexandria and Fairfax

Systems Planning & Analysis (SPA) announced Thursday it plans to expand its headquarters, increase its presence in Fairfax County and create more than 1,200 jobs.

Nightingale Ice...

Nightingale Ice Cream cancels expansion plans

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Post GreenCity, Henrico tries again

Henrico EDA repurchases GreenCity site

The Henrico Economic Development Authority closed on its repurchase of the site of the failed $2.3 billion GreenCity development on Thursday.

Industries

Retail | Wholesale | Food | Beverage 2025: WEIHRAUCH, POUL

Ex-Mars executive pleads guilty to $28M fraud scheme

BRIDGEPORT, Conn. (AP) — A former executive for a subsidiary of candymaker Mars Inc. pleaded guilty Thursday to fraud and tax charges in connection with his theft of $28 million from the company, federal prosecutors said. Paul Steed, 58, appeared in federal court in Bridgeport, Connecticut. He also agreed to pay $28.4 million in restitution to Mars […]

Real Estate

Average rate on a 30-year mortgage falls to lowest level in nearly a year

Average rate on a 30-year mortgage falls to lowest level in nearly a year

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly a year, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week. The long-term rate eased to 6.35% from 6.5% last week, mortgage buyer Freddie Mac said Thursday. A year ago, […]

Money

US inflation worsened last month as the cost of gas, food and airfares jumped

US inflation worsened last month as the cost of gas, food and airfares jumped

WASHINGTON (AP) — Inflation rose last month as the price of gas, groceries, hotel rooms and airfares rose, along with the cost of clothes and used cars. Consumer prices increased 2.9% in August from a year earlier, the Labor Department said Tuesday, up from 2.7% the previous month and the biggest increase since January. Excluding […]

Government

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$1.64B CACI defense contract paused after Accenture protest

Following a protest by Accenture Federal Services, the Government Accountability Office has paused a $1.64 billion defense contract awarded to Reston-based Fortune 500 government contractor CACI International. On Aug. 11, the Department of Defense — which President Trump recently rebranded as the Department of War by executive order, pending congressional authorization for a formal name […]

People

BWXT announces new chief strategy officer

BWXT announces new chief strategy officer

BWX Technologies, a Lynchburg-based manufacturer of nuclear components and fuel has tapped Rik Geiersbach as its new chief strategy officer.

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BTM Business Connect

Noninvasive Liver Cancer Treatment Now Available in Virginia; Transformational Milestone Reached in Evolution of Focused Ultrasound with $2.25B HistoSonics Acquisition

Noninvasive Liver Cancer Treatment Now Available in Virginia; Transformational Milestone Reached in Evolution of Focused Ultrasound with $2.25B HistoSonics Acquisition

Virginians now have access to a new noninvasive liver cancer treatment. UVA Health in Charlottesville is the first hospital in the state to treat liver tumors with histotripsy, an incisionless technique using focused ultrasound to liquify target tissue without heat. Histotripsy was invented by the late Charles A. Cain, PhD, Zhen Xu, PhD, and a […]

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

Novo Nordisk, maker of obesity drug Wegovy, to cut 9,000 jobs to sharpen focus, meet competition

Senate committee approves Trump’s Fed Board nominee, raising concerns about its independence

South Korean plane in Atlanta for workers detained in immigration raid; departure timeline uncertain

US household income rose slightly last year, roughly matching 2019 level

New data shows the US job market was much weaker than thought in 2024, and this year as well

Chief justice lets Trump remove member of Federal Trade Commission for now

South Koreans feel betrayed by workforce detentions at Georgia Hyundai plant

PNC to buy FirstBank for $4.1B, expanding to Arizona, Colorado

Justice Department probes mortgage fraud claims against Lisa Cook of Federal Reserve, AP source says

Trump administration requests emergency ruling to remove Cook from Fed board

WASHINGTON (AP) — The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates. The request represents an extraordinary effort by the White House to shape the board before the Fed’s interest rate-setting committee meets next Tuesday and […]

The number of Americans filing for jobless benefits last week hits 263,000, most in nearly 4 years

The number of Americans filing for jobless benefits last week hits 263,000, most in nearly 4 years

WASHINGTON (AP) — U.S. jobless claim applications jumped to their highest level in almost four years last week, the latest sign that the labor market is softening. The number of Americans filing for unemployment benefits for the week ending Sept. 6 rose 27,000 to 263,000, the Labor Department reported Thursday. That’s the most filings since […]

Korean workers detained in immigration raid bound for Atlanta and flight back home

Korean workers detained in immigration raid bound for Atlanta and flight back home

ATLANTA (AP) — More than 300 South Korean workers detained in an immigration raid at a Georgia battery plant last week headed to Atlanta on Thursday and a flight home. South Korea’s Foreign Ministry confirmed they were due arrive in South Korea late Friday afternoon. The developments came the same day South Korean President Lee Jae Myung called for […]

Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control

Trump administration appeals ruling blocking him from firing Federal Reserve Gov. Cook

WASHINGTON (AP) — President Donald Trump’s administration on Wednesday appealed a ruling blocking him from firing Federal Reserve Gov. Lisa Cook as he seeks more control over the traditionally independent board. The notice of appeal came hours after U.S. District Judge Jia Cobb handed down the ruling. The White House has insisted Trump, a Republican, has the right […]

Musk loses crown as world’s richest to software giant Larry Ellison in new Bloomberg ranking

Musk loses crown as world’s richest to software giant Larry Ellison in new Bloomberg ranking

FRANKFURT, Germany (AP) — Danish pharmaceutical company Novo Nordisk, maker of weight-loss drug Wegovy, said Wednesday it would cut 9,000 jobs, 5,000 of them in Denmark, in order to strengthen the company’s focus on growth opportunities in obesity and diabetes medications. The restructuring, which would eliminate 11% of the company’s workforce, aimed to reduce organizational […]

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Opinion

The Mailroom: No excuses for illegal immigration

The Manager Multiplier: How Engagement Turns Into Margin

George Mason President Gregory Washington deserves to stay

OurView: Our name is United S., and we’re addicted to undocumented labor

OurView: Nothing new under the sun in Virginia politics

Bad managers drive away talent

Let us honor Virginia’s military through educational opportunities

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

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

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

Perhaps the greatest symbol of tech companies’ uncanny valley visions or the AI-powered future are dark factories — also called lights-out factories, these AI-managed manufacturing plants are so fully automated that machines perform their work in full or near darkness 24 hours a day, seven days a week, without breaks — and largely without humans. […]

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

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

Honestly, this job would be a breeze if it weren’t for the people part.” A regional sales director said that after recounting missed targets, two resignations and a turf war between product and marketing. The room laughed — tired laughter, the kind that comes when you recognize a hard truth. Plans obey Gantt charts; people […]

The Mailroom: No excuses for illegal immigration

The Mailroom: America needs immigrants

I appreciate your column in the July issue of Virginia Business on the value of immigrants (“Your friends and neighbors”).  I’ve been sounding the benefits of immigrants for years since working in the nonprofit sector helping immigrants and refugees in the 1990s. In addition to the factors and data you cite, I find it also […]

Virginia’s universities at risk if checks and balances fail

Virginia’s universities at risk if checks and balances fail

The Virginia Supreme Court will soon decide a case that goes to the heart of how we govern our public universities.

Chelsea Higgs Wise is co-founder and executive director of Virginia-based nonprofit Marijuana Justice. Photo by Keshia Eugene

Virginia’s chance to legalize marijuana right

As Virginia lawmakers craft the licensing framework for a regulated adult-use cannabis market, there are many lessons to be learned from other jurisdictions.

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