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Graham Holdings Co. to acquire Leaf Group Ltd. for $323M
Leaf Group's brands include Well + Good, Livestrong.com
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Arlington-based Graham Holdings Co. announced Tuesday that it has entered into an agreement to acquire Santa Monica, California-based consumer internet company Leaf Group Ltd. in a $323 million, all-cash transaction. Graham Holdings will acquire all outstanding shares of Leaf Group’s common stock at $8.50 per share. The transaction is expected to close in June or
Virginia public transit grapples with reduced ridership, zero fare
From NoVa to Hampton Roads, transit systems face tough financial choices
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RICHMOND, Va. — Virginia public transit systems from Northern Virginia to Hampton Roads are looking for a path forward after losing riders and revenue during the pandemic. Some transit systems have been harder hit than others. “We are serving a market of essential workers that can’t stay home; they have to use our service,” said
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International logistics company announces $61M Norfolk expansion
Katoen Natie Norfolk Inc. expansion will create 35 jobs
Published
Katoen Natie Norfolk Inc., a plastics and polymers warehousing and distribution company, plans to expand its operation in Norfolk, investing $61 million and creating 35 jobs, the governor’s office announced Tuesday. A subsidiary of Belgian logistics service provider Katoen Natie, the Norfolk company was established in 2011 at the former Ford Motor Co. assembly plant
Va. General Fund revenue jumped 18.5% in March
Total revenue collections rose 9%
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Virginia’s General Fund revenue for March 2021 increased by 18.5% compared with March 2020, Gov. Ralph Northam announced Tuesday. Total revenue collections rose 9% through March on a fiscal year-to-date basis, which was well ahead of the 3% growth forecast. “Virginia’s solid revenue picture is yet another sign that we are emerging very strong from
J&J vaccine put on pause in Va. due to safety concerns
Va. woman died in March after receiving vaccine, but officials have not confirmed connection
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Updated 6:30 p.m. April 13: Virginia health officials say the CDC has confirmed the Virginia woman’s death is connected to their call earlier Tuesday for a pause on use of the Johnson & Johnson vaccine. Earlier: On Tuesday, the Virginia Department of Health immediately put a pause on its use of the Johnson & Johnson single-dose
UVA Health hires chief diversity & community engagement officers
Dr. Tracy Downs comes from University of Wisconsin School of Medicine and Public Health
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Charlottesville-based UVA Health has named Dr. Tracy M. Downs as the health system’s inaugural chief diversity & community engagement officer, effective July 1. A urologist who specializes in the surgical treatment of urologic cancers, Downs previously served as associate dean for diversity and multicultural affairs and as a professor of urologic oncology for the University
The Omni Homestead Resort gets new managing director
Mark Spadoni was general manager of Westin Savannah Harbor Golf Resort & Spa
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A longtime luxury resort executive, Mark Spadoni, has been hired as managing director for The Omni Homestead Resort, the hotel announced Monday. For the past 20 years, Spadoni has served as the general manager for the AAA Four-Diamond, 403-room Westin Savannah Harbor Golf Resort & Spa and Club at Savannah Harbor in Georgia. During Spadoni’s
The Breeden Co. names CFO for Breeden Construction
Angie Loew promoted from divisional controller
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Virginia Beach-based real estate development firm The Breeden Co. has promoted Angie Loew to vice president and chief financial officer of its Richmond-based Breeden Construction division. Loew joined Breeden in 2004 as a commercial accountant and served most recently as divisional controller of the company’s general contracting division. Loew will be responsible for all financial
CACI promotes exec to CTO
Glenn Kurowski has worked for Arlington federal contractor for six year
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Arlington-based federal technology contractor CACI International Inc. has promoted executive Glenn Kurowski as chief technology officer “Glenn’s knowledge and experience in guiding differentiated technologies from idea to the field makes him the perfect individual to ensure our customers can best execute their missions, as well as drive long-term value for our shareholders,” CACI President and
COVID roundup: Most of Va. is now in vaccine phase 2
NoVa, Peninsula, Hampton still in first phase, but will progress by Sunday
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Update, April 13: Virginia Department of Health pauses use of Johnson & Johnson vaccine as Centers for Disease Control and Prevention and the Food and Drug Administration advise halt due to rare blood clot issue. Earlier: The majority of the state has entered the second phase of COVID-19 vaccination as of Monday, opening eligibility to anyone