Stanley to cut 530 Henry Co. positions (Roanoke Times) Economically besieged Martinsville and Henry County reeled again Wednesday in response to Stanley Furniture Co.’s announcement that it will cease all furniture production in Virginia and discharge some 530 workers before year’s end. Stanley plans to move its adult furniture production lines from Virginia to factories… Read more »
Aaron Kremer
Aaron Kremer is the founder of Richmond BizSense. Email him at [email protected].
The Herd: Hires and promotions for 5.12.10
Veteran lawyers join new firms, plus hires in wealth management, hospitality and tourism.
NewsFeeds 5.12.10
Markel buys N.J. specialty firm Solbern (Times-Dispatch) Markel Corp. is adding pickle-jar stuffers and burrito-dough folders to its multibillion-dollar-a-year insurance business. Northrop may cut 330 jobs at Eustis if contract isn’t renewed (Daily Press) Northrop Grumman Corp. might lay off its entire staff of 330 at Fort Eustis by the end of June if its… Read more »
No Wifi for you
A local coffee shop is trying to fix the Achilles heel of that business model: loafers who order one cup of Joe and lounge around all day, hogging tables that paying customers might want to use. It’s a particularly acute problem for most coffee shops during lunch and dinner hours. Ellwood Thompson’s coffee shop is… Read more »
NewsFeeds 5.11.10
RightMinds marketing and advertising firm closes (Times-Dispatch) After suffering its worst year ever in 2009, the RightMinds marketing and advertising firm is shutting down. Crush of defense workers headed for N.Va. creates challenges, opportunities (Washington Post) Plans to move more than 19,000 defense workers to far-flung sites along Interstate 95 in Northern Virginia by fall… Read more »
Welcome, but don’t stay too long
A local coffee shop is trying to fix the Achilles heel of that business model: loafers who order one cup of Joe and lounge around all day hogging tables that paying customers may want to use.
Building on baby boomers’ demands
After chatting for just a few weeks, a locally-based homebuilder that specializes in planned communities for senior citizens is merging with one of the most active local builders.
NewsFeeds 5.10.10
How a Utah cowboy made it big (Times-Dispatch) A great profile of hotelier Glade Knight: . “I started with $100,“ said Knight, chairman and CEO of the four Apple REIT companies based in Richmond. “Anything over that is a profit.“ Bank sees key capital ratio drop below threshold (Virginian-Pilot) Bank of Hampton Roads, whose financial… Read more »
Monday Q&A: ‘We get distressed projects completed’
Two veteran homebuilders/business partners are wearing new hats these days, running a multimillion-dollar fund that works with banks on stalled real estate projects. The key is their finance guy, who figured out how to provide capital to finish the projects.
NewsFeed 5.7.10
Company aims to add 240 jobs in Pulaski County (Roanoke Times) A South American food-packaging manufacturer said Thursday it will hire 240 employees and establish its U.S. headquarters in a Pulaski County industrial park, where production of coffee containers and yogurt cups could begin as soon as September. ODU launches Business Gateway (Virginian-Pilot) The university… Read more »