Michael Schwartz

Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.

40 lots, no takers

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A large piece of an eastern Henrico housing development that caters to seniors went back to the bank Wednesday after an auction attracted no bidders.

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Richmond’s newest brewery is close to officially pouring its first beer.

The R&D Dept.: Local patents for 10.10.12

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It’s a double dose of the R&D Dept. this week with patents from firms all over town including Philip Morris, Afton Chemical and Hamilton Beach. And a local woman is trying to patent a dog-related invention.

An era ends at Media General

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One of Richmond’s largest media companies has finally washed its hands of newspaper ink.

Big banks? Count ’em on one hand.

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Banks operating in the Richmond market added $6.3 billion in new deposits over the past year, according to the annual deposit market share report released last week by the FDIC, but the Big 5 still rule.

Trading Day: Inside local SEC filings for 10.4.12

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A local bank CFO leaves his post. Several new directors at some of Richmond’s biggest firms, including a recently retired CEO who has taken a new seat on a local board. And Warren Buffett’s empire now owns 16 percent of Media General’s common stock.

Paving a new path

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A Hanover manufacturing plant is getting a second life after being going dormant during bankruptcy and foreclosure proceedings.

A new stat to track

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C&F Bank is offering a certificate of a deposit with a rate of return that goes up each time the William and Mary football team wins.