News

Georgia-Pacific will permanently close its Emporia plywood mill, cutting 550 jobs. The shutdown deals another economic blow to Southern Virginia.
Wall Street marks its longest win streak since 2004 as job growth beats forecasts and optimism grows over easing U.S.-China trade tensions.
Alexandria business founder Tanveer Kathawalla writes in an op-ed that President Donald Trump's tariffs project decline and harm industry and the nation's ability to reduce federal debt.
Wall Street rallies as a strong U.S. jobs report lifts stocks. S&P 500 heads for 9th straight gain while tech and financial shares lead the market.
U.S. employers added 177,000 jobs in April, beating expectations. Labor market remains resilient despite trade wars, tariffs, and federal job cuts.
Global e-commerce fulfillment, warehousing, and logistics provider Cirro Global has signed on to be the first tenant to move into the 840,000 square-foot Phenix Commerce Center in Hampton.
Electric Boat shipyard workers in Connecticut plan a May 18 strike if no contract deal is reached, demanding higher wages and restored pension benefits.
Richmond-based law firm Sands Anderson on Thursday announced that it completed its merger with Virginia Beach-based law firm Frieden Seery Nuckols & Hahn.
Houston, Texas-based Vortex Companies, which provides trenchless water and sewer infrastructure products, announced last week that it has acquired Williamsburg-based Prism Contractors & Engineers.
Arlington County-based defense contractor AeroVironment on Thursday announced that it had successfully completed its $4.1 billion acquisition of Arlington aerospace and defense tech firm BlueHalo.
Strategy, formerly MicroStrategy, posted a $4.2B Q1 loss but now holds 553,555 bitcoins worth $51.55, continuing its aggressive crypto strategy.
Brad Cornelius will retire in late 2025 after leading Farm Credit of the Virginias for five years. He grew the cooperative's loan portfolio to $2.3B and 12,500 customer-owners.