The Virginia Workforce Housing Investment program will distribute an additional $15 million to support workforce housing development.
Fortune 500 company Owens & Minor announced that it plans to sell its Products & Healthcare Services segment for $375 million.
Averett University won approval from majority of bondholders on requests, allowing North Campus sale-leaseback to help stabilize its finances.
Hooker Furnishings is parting ways with its chief administration officer as part of its ongoing cost-cutting initiatives.
Fed minutes reveal support for more rate cuts this year but highlight divisions over inflation risks and economic slowdown.
Economists warn that the Hampton Roads region is overly reliant on federal spending and is at risk in the event of future cuts.
McLean-based national security company Xcelerate Solutions announced Tuesday that it acquired software development company clearAvenue.
Rural U.S. communities warn the new $100K H-1B visa fee could worsen shortages in health care and education by limiting immigrant workers.
SoftBank will acquire ABB’s $2.3B robotics unit for $5.4B, advancing its AI strategy while ABB refocuses on electrification.
Francine the calico cat is back at a Virginia Lowe’s after hopping a truck to North Carolina and being rescued by employees.
IMF chief Kristalina Georgieva warns global resilience may fade, citing Trump tariffs and ongoing economic uncertainty.
Trump signals openness to extending USMCA or pursuing new trade deals as Canadian PM Carney visits White House to ease tensions.
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