Tons of executives get stock grants, including a CarMax vice president who sold options for a $1.3 million profit.
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.
The R&D Dept.: Local patents
Some technical stuff this week, including a genetic marker from a VCU lab and some materials processes. And a drinking game innovation for “Beer Pong.”
The waiting game
A Midlothian-based bank will have to wait a few more months to close on much-needed new capital, and the share price of that deal is dropping.
Little comfort in nonprofit shakeup
A leadership change at the top of a local nonprofit is causing a commotion among its supporters.
Sheltering Arms expands its reach
Sheltering Arms announced yesterday its acquisition of a local sports injury therapist to add to its rapidly expanding bottom line.
Cliches, part deux
Despite our best efforts to identify and exterminate the worst offenders, cliches and jargon just keep coming back. And with greater immunity to our only antidote: public shame. We have a few more we’d like to submit for retirement.
Trading Day: Inside the SEC filings of local public companies for 9.30.10
CarMax’s chief executive sells stock options for a cool $2 million profit, and Dominion gets a new revolving line of credit.
The R&D Dept.: Local Patents for 9.29.10
RBS has started a new data section of patents issued to local inventors. Many of them are technical. For example this week, a handful of inventors were issued a patent for a cabinet storage bin that has a lifting mechanism. Also, Philip Morris has a new patent for an aromatic pocket tear tape for a cigarette pack.
CEO of local C-store investment group resigns
GPM Investments LLC, the locally-based owner of hundreds of convenience stores, announced yesterday its long-time CEO Dave McComas resigned.
Will banks take a second bite from government’s carrot?
The success of the so-called Small Business Lending Fund hinges on two main factors: whether there is enough demand for small business loans from qualified borrowers to warrant banks’ participation and whether community banks still have a bad taste in their mouths from the last time they took money from the government.