A deal between INR Energy and the much larger Cliffs Natural Resources is expected to close within 60 days.
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.
Third local bank signs agreement with regulators
The recession forces another bank into a turnaround agreement.
Richmond plant to reopen in Sept.
An aluminum mill that has sat dormant since February 2008 will be restarted soon.
Richmond economist lashes out at the blogosphere
A self-proclaimed worker bee at the Richmond Fed posts a four-page diatribe online.
Bank closes a branch, readies capital campaign
As it works its way through a turnaround plan with regulators, a Richmond-based bank closes one of its two branches.
Three lawyers jump ship after hours for rival firm
Three lawyers needed some late-night packing to gather their possessions before moving across town to another law firm.
Trading Day: Inside the SEC filings for 7.1.10
There wasn’t a lot of buying and selling going on last week among the head honchos at local public companies. But Universal Corp.filed a proxy statement, which means they disclosed CEO pay, and despite the recession, compensation was up for the bosses.
100-year-old banks brought under new Union brand
Those billboards that ask, “Is it so wrong to love a bank?” may expanding their reach even further in Virginia.
VCU, Children’s Hospital to talk more about joint operations
Virginia Commonwealth University said today that VCU Health System and Children’s Hospital will meet with employees of the two organizations Wednesday to discuss the possibility of merging their operations. The two sides announced in March that they were in formal talks to explore the prospect of joint operations under the VCU Health System umbrella. The… Read more »
Bank gets green light to move forward with capital raise
Central Virginia Bankshares received shareholder approval last week to move forward to the next phase of raising $15 million in fresh capital.