Business stories in DC / Maryland / Virginia

Reddit is transitioning to a 'logged-in' user experience as it faces challenges with declining search traffic due to AI influences. This change aims to enhance user engagement and adapt to evolving digital landscapes.

Falafel Inc. is officially cooking up new food and ideas in an expanded space at the Mosaic District. The regional chain relocated within the Merrifield neighborhood last week (Oct. 23), […]

The owners of Silver Queen Cafe in Baltimore announced the restaurant will close on November 25 due to skyrocketing operational costs. They will pivot to their sandwich shop, Market at Hamilton, which is more sustainable in the current economic climate.

After nearly a decade in Centreville’s Sully Station Shopping Center, a family-run Malaysian restaurant is closing its doors this week for good. With husband-and-wife team Leslie and Penny Phoon ready […]

Dominion Energy and General Dynamics both exceeded Wall Street expectations in their third-quarter earnings reports. Dominion reported a profit of $1.16 billion, while General Dynamics posted a net income of $1.23 billion.

Federal Realty Investment Trust (FRT) reported third-quarter funds from operations of $163 million, surpassing analyst expectations. The North Bethesda-based REIT also posted revenue of $339 million, exceeding forecasts.

After considerable resident protest, the City of Alexandria is pulling all Flock cameras. (Stock photo) ALEXANDRIA, VA — Alexandria’s 61 Flock Safety license plate-reading cameras are expected to stop collecting new plate information by Friday night, October 30, marking the end of a surveillance pro

The Guinness Open Gate Brewery in Baltimore County will close its doors on Sunday, ending nearly a century of alcohol production at the site. The decision has left local officials surprised and disappointed, especially after significant investments and tax incentives were provided to attract the brewery.

The state Capitol. (Photo by Ned Oliver/Virginia Mercury) • “Virginia advanced manufacturing hub receives $24.8M federal grant.” — Virginia Business • “Virginia accounts for some of the nation’s biggest losses of forest, report says.” — WHRO • “Voters in Virginia’s 5th District cite affordability, e

Pebblebrook Hotel Trust reported third-quarter funds from operations of 63 cents per share, surpassing analyst expectations. However, the company faced a loss of $63.1 million and revenue of $402.7 million, slightly below forecasts.

COPT Defense Properties announced its third-quarter earnings, reporting $65.4 million in funds from operations and a net income of $47.7 million. The Columbia-based real estate investment trust expects full-year funds from operations to range between $2.77 and $2.79 per share.

Thursday, Oct. 29 — The News-Press today received for publication as a legal notice an application for an ABC liquor license submitted by the Wicklow Entertainment Team of Alexandria for a business trading as Ireland’s Four Provinces of Falls Church. Wicklow is listed as active with the

Baltimore has made a significant investment of $275,000 in the Baltimore Watch Company, marking a shift in its economic development strategy. This move is part of a broader initiative to generate revenue for the city and support local businesses.

The U.S. economy grew faster in the summer compared to the spring, driven by consumer spending as well as investments in AI. Gross domestic product, which broadly measures economic activity, grew at an annual rate of 3.4% July through September, according to a report from the Commerce Department rel

Fairfax County’s unemployment total remains nearly 28% higher than before the second Trump administration began, according to new state data. With 603,031 county residents employed in the civilian workforce and […]

A well-regarded vegetarian Vietnamese restaurant on Columbia Pike is expanding with a second location in Chantilly, starting this week. Chay Restaurant held a soft opening yesterday (Oct. 28) for its […]

Inflation increased slightly in September after declining in August, new data from the Bureau of Economic Analysis showed Thursday.

Food delivery app DoorDash could buy Instacart in a $17 billion purchase, supercharging its grocery business.

La MacBook Pro táctil de Apple cuesta desde $2.899 y llega a las tiendas el 6 de noviembre. El CEO John Ternus presentó ayer en Los Ángeles la primera Mac con pantalla táctil, un giro frente a años de rechazo de la empresa a esa tecnología, y las reservas ya est&#x

Graham Holdings Co. announced a net income of $75.1 million for its third quarter, translating to $17.60 per share. The company, based in Arlington, Virginia, reported revenues of $1.33 billion during this period.

BALTIMORE (AP) — BALTIMORE (AP) — T. Rowe Price Group Inc. (TROW) on Thursday reported third-quarter profit of $612.3 million. On a per-share basis, the Baltimore-based company said it had net income of $2.79. Earnings, adjusted for non-recurring costs and restructuring costs, came to $2.86 per shar

WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — InterDigital Inc. (IDCC) on Thursday reported profit of $80.2 million in its third quarter. On a per-share basis, the Wilmington, Delaware-based company said it had net income of $2.34. Earnings, adjusted for one-time gains and costs, were $3.11 per sh

NEWPORT NEWS, Va. (AP) — NEWPORT NEWS, Va. (AP) — Huntington Ingalls Industries Inc. (HII) on Thursday reported third-quarter earnings of $217 million. The Newport News, Virginia-based company said it had net income of $5.48 per share. The results beat Wall Street expectations. The average estimate

A Colorado-based contractor that provides space-based defense and national security services is ramping up its operations in the D.C. region with plans for a new East Coast headquarters in Reston. […]

The Office of Personnel Management will now allow use of paid administrative leave for federal employees who agree to leave their jobs in the future in a workforce reduction, as the Trump administration did in 2025 to eliminate thousands of federal jobs. Here a former Department of Education employe

Two months after Anne Arundel County schools amended a gender policy after a threat from the federal government, the Justice Department filed suit anyway, claiming schools facilitated the "secret transitioning" of children without telling parents. (Photo by Unai Huizi Photography/Getty stock images)

Jane Petty f(left) from Burke & Herbert Bank and others applaud the winners at The Chamber ALX Best in Business Awards. (Photo: Alexandria Chamber of Commerce) ALEXANDRIA, VA — The envelopes have been opened, the winners have been announced, and Alexandria has eight new reasons to celebrate! The

Markel Group Inc. reported a profit of $259.3 million in Q3, while Everforth, Inc. posted net income of $23.1 million. Both companies are based in Glen Allen, Virginia, and showed significant revenue growth during the period.

Chasen Cos., led by developer Brandon Chasen, is accused of misusing over $2 million for yacht expenses while in financial distress. Eight lawsuits allege fraudulent transfers as the company faces bankruptcy proceedings.

Just as The Burn reported it would, the long-awaited Voodoo Brewing Company opened its doors this past weekend in Herndon – and we finally got a chance to pass by and check out the vibrant, colorful space. The post Herndon’s new Voodoo Brewing celebrates opening week first appeared on The Burn.