MicroStrategy CEO Michael Saylor to step down, become exec chair
Move comes as company reports $1.9B bitcoin loss
Amid mounting losses from its multibillion-dollar bitcoin investments, MicroStrategy Inc. CEO and founder Michael Saylor is stepping down from his current role and will take on the position of executive
Report: Half of SWVA households earned less than basic living cost in 2018
United Ways of Virginia study says income inequality is increasing in state.
More than 50% of Southwest Virginia households in 2018 lived in poverty or earned less than the basic cost of living, according to a report released Thursday by the United
Labor market continues recovery in mid-October
Fewer people are reporting an earnings loss
Despite ongoing pandemic struggles, the labor market continued to improve during the week ending Oct. 17, but at a slower pace than at the start of the recovery, according to
ABC reports record $1.2B in FY 2020 revenue
Sales to restaurants and hospitality businesses down 19%, however
The Virginia Alcoholic Beverage Control Authority (ABC) broke its gross revenue record again during fiscal year 2020, reporting $1.2 billion in gross revenue, the ABC announced Wednesday. Last year, the
Dominion attributes $1B annual earnings drop to SCANA acquisition
In total, the value of the transaction, including assumption of debt, is $14.6B.
Richmond-based Dominion Energy Inc. reported $1.4 billion in earnings for 2019 — $1 billion less than the utility earned during 2018, the company reported in its fourth-quarter earnings call Tuesday.