S&K pays off credit line (Times-Dispatch) S&K Famous Brands has paid off a credit line used in bankruptcy and can continue operating without the looming threat of liquidation — for now. Gov. Kaine seeks expansion of unemployment benefits (Virginian-Pilot) Kaine said he will ask the General Assembly next week to use federal stimulus dollars to… Read more »
Aaron Kremer
Aaron Kremer is the founder of Richmond BizSense. Email him at [email protected].
Q&A: In the driver’s seat (a used seat)
Not everyone is hunkering down. EverDrive, a Chesterfield business that serves as the Match.com of used car parts, hired 10 workers in March and is looking to bring on five more. In April, the company is rolling out a new feature that will let any customer in the lower 48 states buy a used engine… Read more »
NewsFeeds 3.30.09
Dominion Virginia Power to raise rates? (Times-Dispatch) Dominion Virginia Power will ask the State Corporation Commission this week for its first base-rate increase in 17 years. With tens of millions of dollars likely at stake, the rate case has large implications for the company’s financial well-being, Virginia’s energy security and customers’ pocketbooks. Cul-de-sacked (Virginia Gazette)… Read more »
NewsFeeds 3.26.09
Renegades shut down operations (Times-Dispatch) After failing to find enough money to remain financially viable, the Richmond Renegades announced last night that they’re going out of business effective immediately. Virginia to receive $111 million in latest round of stimulus funds (Times-Dispatch) Virginia will receive $60 million for energy-efficiency improvements and $51 million to aid public… Read more »
CEO pay falls at MeadWestvaco
The chairman and chief executive at MeadWestvaco received $6.7 million in compensation last year, including $68,000 for home security and several thousand for the charity of his choice, according to regulatory filings. Not a bad chunk of change, but it’s 25 percent less than the $8.88 million he took home in 2007. Of his total… Read more »
Magazine lists Virginia’s influential women
Virginia Lawyer’s Weekly has released its 2009 list of the influential women. This is the first year the magazine has produced a list that draws from all industries, not just law. Fourteen of the 27 honorees are from Richmond. Of those, seven are in the legal field. One has a Wikipedia page. The Richmonders are:… Read more »
NewsFeeds 3.36.09
Foreclosure of C-ville hotel project? Recent court filings show that the hotel’s owner, CNet co-founder Halsey Minor, is worried about foreclosure, a move he says will doom the project. “The Project was to be my legacy in my hometown of Charlottesville,” Minor wrote in a filing as part of his ongoing lawsuit against the hotel’s… Read more »
NewsFeeds 3.25.09
Four Asian shipping lines to offer transit service to port (Virginian-Pilot) A consortium of four major Asian shipping lines is making Hampton Roads its first U.S. stop in a new service that provides 22-day transit between China and Virginia, port officials announced Tuesday. Luna and Calif. company battle in court (Roanoke Times) Roanoke-based Luna Innovations… Read more »
Henrico names economic development head
Henrico County has announced a new director of economic development. Gary R. McLaren has been named executive director of the Henrico Economic Development Authority, replacing Fred Agostino, who retired in December.
Working like a dog: Richmond startup shows off its tricks
Man’s best friend is a loyal and lucrative customer for a Richmond startup. Best Bully’s has quickly grown as a web-only retailer of organic dog treats. The company sells more than $1 million a year in products (and less than $5 million) and will expand soon from 2,500 square feet to 8,500 square feet on… Read more »