The Powhatan-based announces that it has postponed efforts to raise up to $15 million on the advice of its investment bankers.
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.
“Sweepstakes” businesses gamble on Richmond
The state lottery isn’t the only game in town for gamblers. At least until local police departments find a way to shut down the increasingly controversial industry of Internet sweepstakes cafes that are looking to expand here.
Richmond not on the rich list
Six Virginians make Forbes list of richest Americans – but none are from Richmond.
Trading Day: Inside the SEC filings of local public companies for 9.23.10 ??
Insider moves at local banks, plus better profits at CarMax.
Student says for-profit school lied about credentials
A laid off worker is suing the for-profit college he hoped would help get him back on his feet.
Colfax is closing its Richmond base
Richmond is losing another public company HQ, but this one had a small footprint here.
What happened to severance pay?
After paying bonuses to management even as the bank hemorrhaged millions in 2009, a Glenn-Allen based bank is now cutting two managers and paying them no severance package.
Money launderers beware
Those committed to thwarting money laundering in Richmond now have their own club to join.
Pay Day for blowing whistle on big pharma
After eight years of battle, a former pharmaceutical sales rep and his lawyer defeated a giant drug company that paid kickbacks to doctors. And now they have a cut of the $313 million settlement coming their way.
Trading Day: Inside the SEC filings of local public companies for 9.16.10
Lots of moves this week at local banks. Plus a hotel REIT keeps on buying.