There’s a new hedge fund in town, and its goal is to find a needle in a haystack.
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.
Settlements reached in Circuit City crash
BizSense is running three stories this week about the legacy of Circuit City. Today, we follow up on a tragic plane crash in 2005. Later this week you will read about a locally produced documentary about the Circuit City and what might become of the former headquarters.
Bank’s move could be mutually beneficial
One of the region’s largest local banks is looking to go public.
Trading Day: Inside the SEC filings of local companies for 10.28.10
Big trouble at Commonwealth BioTech. Big paycuts at Star Scientific. The buying binge continues at Apple REIT Nine. And a new CFO at CarMax. Plus earnings from EVB, where nonperforming assets rose nearly 60 percent.
The R&D Dept. New patents for 10.27.10
A new cooking device for the kitchen and a new dog harness from Premier Pet Products. Plus lots of technical patents related to cigarettes and fire-retardant clothing.
A lack of forward progress
A $6 million investment that a Richmond private equity fund made in a Florida bank has gone up in smoke.
NYC-based financial firm opens Richmond office
A broker-dealer that specializes in mortgage-backed securities announced it has expanded to Richmond.
Embezzlement scheme is a kick in the pants
Sometime the very people hired to prevent malfeasance are the ones up to no good. That seems to be what happened to a local association of physicians, which was the victim of a two-year embezzlement scheme, according to a recent lawsuit.
Big and green
Find out which local companies made a list for being among the biggest and greenest.
Local bank’s parent not allowed to pay TARP dividend
The troubles at a local bank are preventing its parent company from paying its TARP dividend.