A stellar quarter from Altria, with earnings up more than $100 million. Plus quarterly earnings from Media General and video game maker SouthPeak.
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.
‘I have all the pieces in place’
GVM is ready to get down to business, and its success hinges largely on launching a mutual fund that Gibson hopes to grow to $500 million in the next five years.
Renovations on tap at former Richbrau location
Some of the top honchos who used to run Wachovia Securities will again be working downtown after their growing startup leased space in a vacated Shockoe Slip brewery.
New York woman demands Richmond company’s drugs
A woman from up-state New York has filed suit against Richmond-based Insmed to regain access to an experimental drug the company no longer offers.
Stony Point’s coming attraction
CineBistro shows off its new Richmond location.
He said, they said
The legal sparring between a for-profit college and a disgruntled local student is likely headed for a jury trial in the spring.
Heard on the street: More law firm layoffs
A handful of employees, including real estate attorneys and marketing personnel, are being let go from a local firm.
Trading Day: Inside local companies’ SEC filings for 10.14.10
An institutional investor is increasing its stake in CarMax. Plus the former CEO of Bank of Essex’s parent holding company has resigned from the board.
R&D Dept.: Patents for 10.13.10
Only two patents this week, both complicated. One seems to be related to Philip Morris’ electric cigarette.
Rural banks now part of Union
Union First Market Bankshares is officially a one-bank holding company.