News

Snag an award

Ohh the irony: Snagajob and its posse of hip .coms have slaughtered the cash cow formerly known as newspaper help wanted ads. Yet, the company has relied on the mainstream media to promote the brand. The company needs jobs seekers to use the site, after all.

Health care is area’s largest private employer

Health care is now the largest private employer in the Richmond area, according to the Times-Dispatch’s Top 50 Employer story. VCU Health Systems ranked as the No. 1 private employer for the first time. Bon Secours and Richmond Health Systems were both in the top 10.“Today health care firms in the top 10 account for… Read more »

Qimonda to cut 10% of global workforce

Struggling computer chip maker Qimonda will layoff 10% of its global workforce, according to Reuters, which may include cuts at the company’s North American plant in Sandston. The company has not confirmed cuts, but 10% of the 2,300 local workers would amount to 230 layoffs.

Virginia college savings plans best in class

Virginia’s college savings plans ranked as some of the best in the nation by Morningstar, which examines diversification, fees, flexibility, and the underlying funds of the plans. According to the research firm’s recent report, the Virginia Education Savings Trust and Virginia College America funds have low costs and some of the best returns. “We also… Read more »

BlockCity?

The movie-rental chain Blockbuster announced this week that it wants to buy Circuit City for more than $1 billion. What sort of movie would this be? A horror film? Maybe a romantic comedy? Blockbuster CEO James Keyes said Monday that combining the companies would create a 9,300-store chain that could sell portable entertainment (DVDs) and… Read more »

#1 Dad

Sean McGlynn wasn’t so sure he wanted to start working with his dad again. The 37-year old tried that once before, and it didn’t turn out so well. Of course, that was immediately after graduating from Radford University with a degree in business. At the time, working for his dad’s drug testing company seemed like… Read more »

Circuit City + Block buster =

So Blockbuster wants to buy Circuit City. What sort of movie would this be. A horror film? Maybe a romantic comedy? Blockbuster has been trying to swoon Circuit City with love letters, and now the movie rental company has gone public with its affection, saying it will pay $6 to $8 a share for the… Read more »

T-D looks in the mirror

Newspapers have a hard time covering themselves. On Sunday the T-D looked inward. John Reid Blackwell, wrote about the mighty struggles at the paper’s parent, Media General. “In the past two decades, the company’s strategy has been to build a newspaper and television empire in the Southeast and to combine and find collaborative opportunities at… Read more »

Richmond Banks Still Lending

Some Richmond-area banks are growing pickier about which businesses get financing. With a possible recession on the horizon, banks are extra careful to protect their investments. And there’s less money to lend, bankers say, in part because of fallout from residential mortgages (read: subprime meltdown).

Auction-Rate Insecurity

At least three Richmond investment firms are having trouble retrieving client money from investments that were thought to be short-term and low-risk. Individuals and businesses that invest with Davenport & Company, Charles Schwab and Wachovia Securities might be unable to access money from certain mutual funds that invest in municipal bonds, also known as auction-rate… Read more »