Haynes Jeep is for sale. As of 2:00 on Thursday, the dealership’s general manager, Richard Carter, and Owner Stuart Haynes were in meetings with Chrysler, according to a receptionist. One possible buyer might be Whitten Brothers. Check back later for a full story.
Aaron Kremer
Aaron Kremer is the founder of Richmond BizSense. Email him at [email protected].
Will the number of bankrupt Richmonders (and businesses) keep rising?
One Richmond bankruptcy lawyer says personal and business bankruptcy filings are likely going to rise higher in coming months as credit remains tight and the economy sluggish.
Flying CEOs around still good business
Just saying it must be half the fun. “No, Samantha, book the company jet.” You know you’ve made it in business when even first-class doesn’t cut it. When you fly regularly but no longer have to shuffle through airport security, jam your laptop under the chair in front of you and scarf down a bag… Read more »
Scramble when the chips are down
This cuts at Qimonda come on the heels of other local layoff in Richmond’s manufacturing sector. Economic development agencies will likely tweak their marketing pitch for the fall season.
Style Weekly’s Top 40 under 40 list needs more business people
If you want to make it onto Style Weekly’s Top 40 Under 40, you’ll have a better chance if you start a community outreach program (even if a similar one already exists) than if you help an existing company expand and hire 50 new workers.
Qimonda to close plant, lay off 1,200 Richmond workers
German microchip manufacturer Qimonda AG announced today that it will be making drastic cuts, and likely close one of its Eastern Henrico plant that produces 200mm wafers by January. As many as 1,200 Richmond high-tech workers may lose their jobs, although the exact local figure has not been released yet. One source at the company… Read more »
Cooling demand for cargo traffic at Richmond’s Port
Worldwide demand along most shipping routes has fallen precipitously. And a chill from Iceland will cool cargo traffic at the Port of Richmond.
Highest Paid Execs in Richmond
Thirteen out of the top 40 highest paid executives of publicly traded companies are based in Richmond, according to the most recent issue of Virginia Business magazine. The following figures are total annual compensation and only for companies with at least $1 billion in revenue: Louis Camilleri of Altria: $24 million Thomas Farrell, Dominion Resources:… Read more »
State buys Main Street Centre for $49 million
The state of Virginia has purchased Main Street Centre for $48.8 million The 420,575 square foot Main Street Centre, located on the corner of 6th and E. Main Streets downtown, has been sold by Brandywine Realty Trust. The building was built in 1986 and houses the Greater Richmond Chamber of Commerce among other tenants.
Startup Journal: maker of trucking software trying to raise capital
Editor’s Note: This is the first of what we hope are monthly features about local startups looking for funding. We are still searching for a catchy name. Company: Masslogics, Mechanicsville Product: Web-based workflow software which helps trucking companies manage fleets and expenses The Pitch: There are more than 150,000 trucking operations in the U.S. “Conservatively,… Read more »