News

LandAmerica cuts 20 percent of Richmond office

LandAmerica Financial Group laid off about 120 of the 600 workers at its Richmond headquarters Monday, according to a company spokeswoman. Many of the affected packed up and left the company in the middle of the afternoon.

Circuit City closes three VA stores

Circuit City will close three stores in Virginia as part of a move to preserve cash at the badly bleeding electronics retailer. Two are in northern Virginia and one is in Charlottesville.

LandAmerica lays off 130

LandAmerica laid off around 130 of its 600 workers in Richmond today. Those who are still employed are bracing for a possible liquidation of the company, according to a source inside the Glen-Allen-based company. Employees who were let go on Monday were packing up their belongings and leaving for good. Late last week LandAmerica laid… Read more »

Knowledge is good

Ten days after the University of Richmond set the date for the first information session about next fall’s MBA program, the 40 available seats were already reserved.

Developers throw Richmond a meatball. Or is it a knuckle ball?

On Monday the City of Richmond finally announced its plans for Shockoe Bottom and North Boulevard: Tear down the Diamond, and build a new stadium downtown. Throw in an ample mix of retail, office and residential development at both sites. Just $765 million later, fans will have a new baseball team, the city will once… Read more »

No natural gas stations in RIC — but Boone Pickens has a plan

If you haven’t heard of the Pickens Plan by now, you must be living off the grid. The radio and television spots have been running since summer urging you to join billionaire T. Boone Pickens in his effort to get the U.S. to quit its $700 billion oil addiction. Last week BizSense ran an article… Read more »

Tech Review: GlassDoor sheds light on employees and salaries

With GlassDoor.com, you can find out what your employees are saying about your company — at least at the big ones like Yahoo, Microsoft, AOL and Google. And because entries are anonymous, employees feel comfortable being completely honest about their jobs. (It might also turn into a whining session) The site also provides room for… Read more »

Scooter fever spreads to Whitten Motor Sports

Moped fever is spreading. And more dealers in Richmond are trying to get in on the action. Whitten Motor Sports in Ashland now sells Vespas, the high end Italian scooter. The dealership began carrying the fashionable two-wheelrs about a month ago, according to sales manager Jeremy Larsen.

Natural gas even sounds greener

Demand for compressed natural gas (CNG) vehicles is increasing, but availability in Richmond is limited. Ever since Baker Equipment, a local trucking equipment company, began offering compressed natural gas vehicle conversions last month, the company has received anywhere from 10 to 50 conversion-related calls a day, tripling their overall call volume.

State starts program to guarantee souring biz loans

Governor Tim Kaine has authorized the state to guarantee a total of $3 million in existing small business loans for Virginia businesses. The Virginia Small Business Financing Authority quickly approved a new program to work with banks and guarantee existing loans of up to $500,000 on the condition that banks loosen some of the terms… Read more »