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Chesapeake approves...

Chesapeake approves 8-month pause on data center applications

Chesapeake City Council voted to pause consideration of data center applications for up to eight months.

GOP legislators...

GOP legislators call for extension of SCC’s review time of Dominion merger

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CarMax Park opening day

Flying Squirrels owner makes new allegations in amended defamation lawsuit 

Richmond Flying Squirrels owner Lou DiBella files amended defamation lawsuit against Thalhimer Realty Partners and Jason Guillot with new allegations.

Industries

Virginia Tech Professor Emeritus Salahuddin Choudhury. Photo courtesy Virginia Tech

Virginia Tech receives $20M gift for architecture school

Virginia Tech receives a record $20 million gift from Professor Emeritus Salahuddin Choudhury to support its architecture school.

Real Estate

rental contract

Attorney general’s office secures landmark settlement with discriminatory landlord

Virginia Attorney General Jay Jones secured a $2.25 million settlement from landlord David Merryman for discriminatory housing practices in Hampton Roads.

Money

FILE PHOTO: A Wall Street plate is seen on a street vendor stall outside the New York Stock Exchange (NYSE) in New York City

Wall St falls as tech earnings spark AI spending worries and oil hits $100

Wall Street indexes fell as tech earnings from Alphabet and Tesla raised AI spending concerns and oil prices surged above $100 amid Middle East tensions.

Government

Special Operations Forces (SOF) Week, in Tampa

Northrop Grumman raises 2026 forecasts on strong weapons demand

Northrop Grumman raised its 2026 sales and profit forecasts driven by strong weapons demand amid geopolitical conflicts and expanded production capacity.

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

AMD to invest up to $5B in Anthropic; AI startup to buy up to 2 GW of chips

Oil prices rise to five-week high on US-Iran attacks, Houthi blockade threat

Carney says he and Trump agreed to intensify trade talks

FAA restores Boeing authority to certify 737 MAX, 787 planes

Judge orders Paramount to temporarily pause Warner Bros. acquisition

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

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

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

FILE PHOTO: The Google logo is seen outside the company’s office in London

Alphabet’s cash burn raises alarm for Big Tech as AI spending climbs

Alphabet's record $5.9 billion cash burn highlights rising AI spending pressures on big tech, with Google Cloud growth intensifying competition.

FILE PHOTO: Oil prices hit the heart of the U.S. shale industry

US energy shares gain as Houthi tanker attacks push Brent crude to $100

U.S. energy shares climbed after houthi attacks on saudi oil tankers pushed brent crude prices above $100, raising concerns over global supply disruptions.

Job openings advertised at businesses in Cambridge

US weekly jobless claims plunge to lowest since 1969

US weekly jobless claims dropped to the lowest level since 1969, signaling stability in the labor market amid inflation concerns for the Federal Reserve.

FILE PHOTO: Warner Bros. studio lot in Burbank

Paramount secures EU nod for $110B Warner Bros deal, US hurdles ahead

Paramount Skydance gained EU antitrust approval for its $110 billion acquisition of Warner Bros Discovery, but faces ongoing challenges in the U.S. and UK.

FILE PHOTO: Amazon logo outside an Amazon warehouse in Manchester

Amazon cuts jobs in its artificial general intelligence group

Amazon reduces staff in its artificial general intelligence group as part of ongoing company-wide job cuts to focus on key AI initiatives.

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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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