While computer makers like Dell and Hewlett Packard are slashing prices as they brace for a drop in demand, Richmond-based Velocity Micro, which produces high-end custom PCs, says things are holding steady. The Chesterfield company’s PCs are favored by gamers. “Obviously we are seeing a little bit of a downturn in sales, but we aren’t… Read more »
The horizon is green in Virginia. In opening remarks at a conference on technology and sustainability, Gov. Tim Kaine said the last year of his administration would focus on energy and environmental issues. “Whether it’s green state government or whether it’s big-picture legislative initiatives with respect to land use, public transportation, open space preservation, water… Read more »
For local sports fans, season tickets are one expense that’s not getting cut. Virginia Commonwealth University and the University of Richmond are reporting strong season ticket sales for the upcoming men’s basketball season. Both schools, however, are taking measures to bring in casual fans who might be watching their wallets more closely this year. “We… Read more »
Altria, the parent company of Philip Morris USA, has started offering buyout packages to what might amount to 30 percent to 50 percent of the tobacco giant’s employees, including those in Virginia.
Five hundred eighty-eight. That is the number of employees Circuit City laid off Friday. From account executive to visual merchandiser, the company axed positions in seemingly every department and every level of employment, according to paperwork filed with the state.
Circuit City Stores has filed for Chapter 11 Bankruptcy protection. The company will go before the bankruptcy court today in an expedited hearing. BizSense has also obtained the letter sent to employees this morning.
Updated 10:10 a.m.: LandAmerica, the struggling Glen-Allen-based title insurance company has agreed to sell itself to Fidelity National Financial in a stock deal valued at about $128.4 million.
Updated: 9:52 a.m. Electronics retailer Circuit City laid off as many as 1,000 employees at their corporate headquarters in Henrico this morning, according to an employee inside the company. The Times-Dispatch is reporting that the number is between 600 and 1,000.
Blog schmog: Read about it in my book Writing a book remains a popular pastime and calculated strategy for local business leaders. For some, authoring a book – with or without a ghostwriter – is a way to demonstrate expertise and establish street cred to promote consulting. For others it’s a ticket to the speaking… Read more »
Most businesses should try to keep about a month’s worth of cash in the account. The balance is insured by the Federal Deposit Insurance Corporation up to $250,000. A normal balance might be between $5,000 and $10,000 for a start-up or small business. A small business savings account can earn more interest and is easily… Read more »