News

If it ain’t broke, don’t touch it!

In 16 years of working on cars, Ronnie Bowen has never seen it so slow. Or seen so many motorists opt for the bare minimum to keep their cars on the roads. “The economy is so bad, people are not even doing preventative repairs. They’re fixing what has to be fixed so they can still… Read more »

Homebuilding activity plummets

Homebuilding activity has fallen 30% in the Richmond Metro Area compared to last year. According to Inside Business, a business news weekly in Hampton Roads, the slow-down is more pronounced in single-family housing, where permits for new homes fell from 4,490 through August of 2007, to 3,080 for the same period of 2008, or a… Read more »

Haynes Jeep is for sale

Haynes Jeep is for sale. As of 2:00 on Thursday, the dealership’s general manager, Richard Carter, and Owner Stuart Haynes were in meetings with Chrysler, according to a receptionist. One possible buyer might be Whitten Brothers. Check back later for a full story.

Business students wary of job market

Employers are cutting back on recruiting efforts, and that portends a rough hiring season for soon-to-be graduates. Mike Eisenman, director of the VCU’s Business and Engineering Career Center, said that at a job fair last week two employers canceled. About 40 firms participated in the fair.

Flying CEOs around still good business

Just saying it must be half the fun. “No, Samantha, book the company jet.” You know you’ve made it in business when even first-class doesn’t cut it. When you fly regularly but no longer have to shuffle through airport security, jam your laptop under the chair in front of you and scarf down a bag… Read more »

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 »