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.

Clock starts on Hank Wilton’s shares

Wilton Companies headquarters

If you’ve got some extra capital and a hankering to own part of a prominent local real estate development company, you might want to take a look at the auction block.

Software firms bury the hatchet

MoneyGuidePro software

Downtown-based Wealthcare Capital Management said Thursday that it had settled its lawsuit with Powhatan competitor PIEtech and banking giant UBS Financial in a patent infringement case that questioned the definition of the act of financial planning.

How a relationship went off the rails

Buck Ward aboard a trolley.

Buck Ward and John Moulton forged a friendship and a business partnership while working together on Segway tour businesses in Richmond and Fredericksburg and on the Richmond Trolley Company. Two years later, they’ve reached the end of the line.

Trading Day: Inside local SEC filings for 11.8.12

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A local company sold a chunk of its holdings in its Richmond’s largest bank. A powerful shareholder with ties to Disney is urging a local firm to put itself up for sale. A director is leaving his post. And several insiders sell off millions worth shares.

The R&D Dept.: Local patents for 11.7.12

lightbulbpatent

Patents this week from MeadWestvaco, Afton Chemical, Dupont and Phillip Morris. And a local family patents a handicap accessible portable shower.

Runners reroute to Richmond

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Bowing to Hurricane Sandy, Mayor Michael Bloomberg made the controversial call about 5 p.m. Friday afternoon to cancel the New York City Marathon. Almost immediately, phones started ringing in Richmond.

Allen Ferguson charged with fraud

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The bankrupt former head of a Richmond investment firm is facing federal criminal charges more than a year after admitting he lied to several banks about his wealth to keep borrowing money.

Monday Q&A: Timing is everything

originalgravityowner

In the year since Tony Ammendolia opened Original Gravity, a home brewing supply shop on Lakeside Avenue, the local craft beer scene has taken off.

Trading Day: Inside local SEC filings for 11.1.12

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A local REIT’s New York broker is in hot water with the feds. Earnings season dividends are issued at several local companies. Plus plenty of trades by local insiders.