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.

Banking on the bubble (tea)

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Bobalicious, which opened its first store in Mechanicsville about a year ago, will open a location this weekend in Hampton Roads.

The R&D Dept.: Local Patents for 6.6.12

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A patent for a high-tech wound dressing from a Richmond company. A local man invents a training system for bank shots in billiards. And a Mechanicsville company gets a patent for an automated bowling system.

100 acres, up for auction

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Portions of a largely undeveloped commerce park in King William County are headed for the auction block.

Peoples Bank’s flag comes down

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First Community Bank just sealed a deal to acquire the Richmond bank for $40.6 million, and its CEO is still looking to grow.

Forget the nitty-gritty

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VCU says a $1 million lawsuit filed against it should be tossed out because the school is considered a “governmental instrumentality for the dissemination of education.”

Silver lining in store’s closing

A Carytown fixture is calling it quits after five decades, but it’s “a good time to be a property owner.”

Trading Day: Inside the SEC filings for 5.31.12

A local bank CEO goes on a stock-buying spree, another local CEO cashes in on a $1 million stock award, and Media General gets a hold of some of the cash from its deal with Berkshire Hathaway.

‘Unorthodox’ twist in unusual case

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Convicted Richmond fraudster John Ross Greer is going back to prison after pleading guilty on Tuesday to scamming customers who thought they were renting exotic vacation properties. And to the surprise of two judges, Greer will keep running the business until he reports to jail.

A shot of accelerant

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Intelliject lands a $15 million loan to finance the development of its next generation of products.