A Midlothian man has invented a new kind of sports shoulder pads. A Colonial Heights company patented an air freshener device. Plus, patents from Capital One, Afton Chemical and Phillip Morris.
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.
Local companies find safe harbor in Boathouse
A Pennsylvania investment firm has acquired a majority stake of two local companies, combined them and packed the resulting company with fresh cash for expansion. And a Richmond investment bank helped put the deal together.
Bank’s new HQ open for business
Union First Market Bank is all moved in to its new downtown digs.
Going, going, gone
The doors to the world of two bankrupt Richmond socialites will soon open to the public as their estate is liquidated.
Is there a Cupid for credit unions?
The string of recent mergers among local credit unions continued this week with a deal between two institutions in Hopewell and Henrico.
Trading Day: Inside the SEC filings for 11.3.11
Earnings galore this week, plus a $30 million hotel purchase by a local REIT and big stock options exercised by a local exec.
Markel | Eagle hatches new investment fund
A private equity fund’s appetite for distressed real estate can’t be tamed.
Software firm wants a piece of the legal pie
In a rare legal maneuver, a Powhatan software firm is begging to be a defendant in a patent infringement case.
Chesapeake rings its bell in Richmond
The former head of Bank of Virginia is back in the game — this time at a Kilmarnock bank that just set up shop in Richmond.
Banking on a turnaround
The region’s largest stalled development has an ambitious plan to get out of bankruptcy and pay its creditors every cent owed.