News

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.

‘Strategic’ default?

One of the most active developers in the City of Richmond is letting some of his property go into foreclosure so that he can expel an investor and renegotiate his loans with his bank. That investor happens to be one of the biggest companies in Richmond.

Pfizer will keep Richmond research center

Economic development officials from the City of Richmond and the state announced at a news conference Tuesday that pharmaceutical company Pfizer Inc. will keep a research center in Richmond that employs about 300 workers.

Monday Q&A: What the doctor ordered

One local chain of primary care clinics is not taking a wait-and-see approach to how the federal health-care legislation might affect business. The Richmond-based chain is pushing ahead with new locations. This week, the founder and CEO chats with BizSense about the group’s plans.

The Docket: Circuit Court Roundup for 5.25.10

Lots of businesses trying to collect alleged unpaid bills and unpaid loans this week, plus an eminent domain fight in the City of Richmond and a woman says she slipped and fell on produce at a grocery store. Maybe it was a banana? And a retail clerk wants $4 million from her former employer whom she claims told other workers and customers that she stole and embezzled.

Local firm lands BP claims work

At least a small chunk of the billions of dollars BP has set aside to pay claims for the gulf oil spill will make its way to Richmond.

Smells like a winner

A year after winning a University of Richmond business plan contest, two recent grads are now ready to start selling their first batch of products.