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.
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.
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.
Central Virginia Bank postpones fundraising effort
The Powhatan-based announces that it has postponed efforts to raise up to $15 million on the advice of its investment bankers.
“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.