FOR THE RECORD: April 2026
Several businesses in Virginia have made significant announcements, including Arko's initial public offering of its fuel subsidiary and CarMax's settlement with the Department of Justice. Additionally, CoStar Group laid off employees, and Richmond National Group plans to expand operations and create new jobs.
Arko, a convenience store operator, raised $183.2 million in its initial public offering of fuel subsidiary Arko Petroleum. CarMax, a used car retailer, agreed to pay nearly $500,000 to settle allegations of violating the Servicemembers Civil Relief Act. CoStar Group, a real estate data and analytics company, laid off an undetermined number of Richmond-area employees. The Henrico County Board of Zoning Appeals upheld a ruling that a proposed data center campus requires approval from the Board of Supervisors. Richmond National Group plans to invest $1.75 million to expand operations and create 75 jobs. UVA Health named Dr. Reid Adams as its inaugural system-wide chief medical officer.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.