News

Blue Chips: Local business helps coaches keep track of recruits

As owner of Game On Recruiting Systems, Julie Lewis helps college coaches at smaller schools stay organized. Most Americans retire when they are 65 – or at least hope to. Julie Lewis contemplated retirement at 30. Of course that was before Lewis put aside retirement plans in favor of a small business venture aimed at… Read more »

FBI nabs Virginia movie uploader

A Virginia man is facing 10 years in prison for posting movies online. His website once released the latest Star Wars movie six hours before it hit theaters nationwide. Investigations by the FBI, including the field office in Richmond, VA, have led to the conviction of Daniel Dove, 26, on counts of conspiracy and felony… Read more »

Which Richmond Starbucks might go?

Yesterday Starbucks said it is going to close 600 stores around the country. There are at least 10 in Richmond. Click here for a map. The company said it will close relatively new stores that have only been open since the beginning of fiscal 2006. Starbucks identified stores that were either not profitable or not… Read more »

CarMax and Circuit City: Sniffles and Pneumonia:

It was a rough week for CarMax and Circuit City. CarMax stock shed $2 a share, or about 11%, on news that profits at the company dropped 55%. Meanwhile, Circuit City – the company from which CarMax was spawned – is on life support and looking for a transfusion. Or is it an organ transplant?

Networking online … helpful or just a passing fad?

The professional networking site LinkedIn just raised $53 million in capital, which pegs the company’s valuation at around $1 billion. Technology analysts are wondering if that’s a tad high. How much social networking sites can extract from advertisers and subscribers, after all?

Richmond Chamber names new President

Kim Scheeler will take over as president of the Greater Richmond Chamber of Commerce. He has been the head of the Tampa Chamber of Commerce since 2001. He holds a bachelor’s degree in business administration from Indiana University and an MBA from the University of South Florida.

Grocery store shakup, aisle 8

Ukrop’s continues losing market share in Richmond, according to a story in Friday’s Times-Dispatch. Of course, there’s always a huge untapped potential for Ukrop’s: Stay open on Sunday and sell booze. Ukrop’s continues losing market share in Richmond, according to a story in Friday’s Times-Dispatch. “A market study released today by Food World, a trade… Read more »

Private Equity startup about to seal first deal

Local startup Boxwood Partners is putting the finishing touches on its first deal as a private equity fund. Boxwood is acquiring an out-of-state internet wholesaler/distributor (name not revealed) that can perhaps best be described as an online version of Sam’s Club. That web-based business has millions of dollars in revenue and six employees, according to… Read more »

A Richmond startup tries to cut health care costs

A Richmond startup thinks there’s a market for treating health care more like car repairs – encouraging employees to pay out-of-pocket for routine tune-ups and letting insurance cover the accidents and emergencies. Hoping to implement this style of health care on a broader scale, nHealth recently raised $12 million, with most of that money coming… Read more »