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.

Hooker Furnishings is parting ways with its chief administration officer as part of its ongoing cost-cutting initiatives.

Averett University won approval from majority of bondholders on requests, allowing North Campus sale-leaseback to help stabilize its finances.

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.

Fed minutes reveal support for more rate cuts this year but highlight divisions over inflation risks and economic slowdown.

Trump signals openness to extending USMCA or pursuing new trade deals as Canadian PM Carney visits White House to ease tensions.

The Trump administration says furloughed workers aren’t guaranteed back pay during the shutdown, reversing long-standing policy.

Science Applications International Corp has entered into a definitive agreement to acquire SilverEdge Government Solutions for $205 million.

University of Virginia faculty members largely oppose the deal offered by President Donald Trump in exchange for improved access to federal money.

LMI CEO Doug Wagoner will retire at the end of 2025 and become board chair. Josh Wilson will take over as CEO Jan. 1.