News

Scramble when the chips are down

This cuts at Qimonda come on the heels of other local layoff in Richmond’s manufacturing sector. Economic development agencies will likely tweak their marketing pitch for the fall season.

Zoom can help find new locations

In the past, businesses looking to relocate relied mostly on connections, market trends and popular opinions. A new service is looking to change that with cold, hard facts. Zoom Prospector lets businesses search the nation for the perfect place to set up shop. The website, which was recently made available to the public by developer… Read more »

Qimonda to close plant, lay off 1,200 Richmond workers

German microchip manufacturer Qimonda AG announced today that it will be making drastic cuts, and likely close one of its Eastern Henrico plant that produces 200mm wafers by January. As many as 1,200 Richmond high-tech workers may lose their jobs, although the exact local figure has not been released yet. One source at the company… Read more »

Ukrop’s fuel program pumped over 3.5 million gallons

Ukrop’s new fuelperks! program saved customers $2 million on gasoline since its launch on June 30, the Times-Dispatch reports Monday. Customers who use their Ukrop’s Valued Customer card at participating gas stations save 10 cents for every $50 they spend at the supermarket. So far the discount has been applied to 3.5 million gallons of… Read more »

Highest Paid Execs in Richmond

Thirteen out of the top 40 highest paid executives of publicly traded companies are based in Richmond, according to the most recent issue of Virginia Business magazine. The following figures are total annual compensation and only for companies with at least $1 billion in revenue: Louis Camilleri of Altria: $24 million Thomas Farrell, Dominion Resources:… Read more »

CarMax using gas card to encourage car reviews.

CarMax is giving away a $250 gas card every week for eight weeks to people who review cars at CarMax.com. Spokesman Chris Wilmore said the reviews are a valuable resource to web users, and so CarMax is putting a little cash on the line to help get the website’s users interacting. BizSense reported earlier in… Read more »

CarMax laying off 600; 15 in Richmond

Goochland-based CarMax announced Wednesday it is laying of 600 service workers at dealerships and reconditioning shops all over the map. Fifteen workers in Richmond will be laid off, according to a company spokesperson. The company employs 1,150 workers at the Goochland headquarters and two local dealerships.

A list of Richmond companies to watch

An upcoming event that selects some of the most promising startups and new companies in Central Virginia has released a list of nominees. The Greater Richmond Companies to Watch event is October 29 at Toad’s Place.