Blog

Fresh out of law school with less pay

Pay for new lawyers is dropping at one Richmond law firm. According to a story in the Chicago Tribune, Richmond-based law firm McGuireWoods is lowering its starting salaries for new associates in Richmond from $145,000 to $130,000. RBS has heard for several months that law firms are having a harder time collecting from businesses, and… Read more »

VCU airbrushes tattoos from Eric Maynor’s biceps. Why?

The VCU athletic department airbrushed out the tattoos on start point guard Eric Maynor’s biceps for the media kit and the website, according to a short story in the Times-Dispatch. According to the paper, “VCU Athletic Director Norwood Teague said it was his decision to have the photo altered. “I think a lot of the… Read more »

Will the real Cohiba please stand up

Congressional Quarterly had an interesting article last week about how loosening the U.S.’s trade embargo on Cuba could be problematic for one Richmond-based cigar company. Cohiba is the most famous cigar in Cuba, it was reported to be Fidel Castro’s favorite. The cigar is produced by a Cuban state-owned company, Habanos S.A.. General Cigar Company… Read more »

Fast computers making fast money

Chesterfield-based computer Velocity Micro continues to increase sales during difficult times. The company, which specializes in making ultra-fast gaming PC’s, saw sales increase 24% this past holiday season between Black Friday and Cyber Monday. Spokesman Josh Covington said the momentum carried through the fourth quarter and continued into January and Febuary. Their lowest price PC… Read more »

Richmond lands headquarters for UK-insurer

UK-based car insurance firm, Admiral, announced plans this week that they have chosen Richmond as headquarters for their newly formed subsidiary Admiral Americas. The company will start doing business across the pond sometime this year. They will hire up to 50 people by the third quarter, and employ as many as 200 by the end of next… Read more »

Phish rocks legal case against bootleggers

The jam band Phish is not only kicking off their reunion tour in Virginia this weekend, but the band is also launching a legal battle with bootleg merchandise sellers.   On Thursday,  A U.S. District Judge in the federal court in Richmond will consider a request from the band to block the sale of unauthorized… Read more »

Assessing Circuit City’s impact, a slideshow

The Boston Globe has a very helpful and slick multimedia slideshow about how Circuit City’s closure is affecting the regional economy up there. Restaurants in the neighborhood of closed Circuit City stores reckon they will lose around $50 a day. Several media outlets are owed thousands for advertising (including $65,000 at the Providence Journal) and… Read more »

Media General cuts two North Carolina papers to two days a week

Media General is slashing certain publishing businesses as advertising revenue plummets. The company, which owns the Richmond Times-Dispatch, revealed this week they will cut publication of two North Carolina newspapers from five to only two days per week. At the end of March, the Reidsville Review and the Eden Daily News will be printed only… Read more »

Movieland: one-hit wonder or solid long-term business?

The developers of Movieland may be on to something. The theater opened on Friday to what looked like a huge crowd. When I drove by Friday at 6:45 p.m., the parking lot was packed.  (To see a video tour of the inside, click here ) That’s encouraging, but not surprising. Movieland spent heavily on advertising,… Read more »

Local career site goes pro bono

One Richmond job search site has stopped charging employers money to post jobs and browse resumes. RichmondJobSource.com was started in early 2007 by Rich Ringrose. Up until Tuesday, it cost an employer $130 to post a job, and $300 to access resumes. Job seekers were always able to search jobs and post resumes for free. Ringrose… Read more »