Roper Brothers Lumber has laid off dozens of workers due to a slowdown in the housing sector. The Petersburg-based company, which had operations around Virginia and North Carolina, closed a plant in Raleigh, let go of around 22 workers at a Newport News Truss plant, and cut the size of the workforce at showrooms in… Read more »
Starbucks won’t close many of its Richmond locations, if any, according to several local employees who asked that their names not be used because they are not allowed to speak on behalf of the company. ast week, BizSense reported that Starbucks announced plans to close 600 stores and cut 12,000 jobs.
A young man no more than 14 greets customers at the Williams Plaza and Auto Center on Richmond’s South Side. He sizes up one customer’s car, and by association its driver. So does everyone else at the combination workshop / parking lot. “What do you need?” he asks. But then he finds out the driver… Read more »
Some local businesses and individuals are still trying to get their money out of auction-rate securities – bond funds that were thought to be as accessible as savings accounts but became frozen. BizSense reported in April that investors with Wachovia Securities, Davenport & Co. and Charles Schwab could not get money from mutual funds that… Read more »
As owner of Game On Recruiting Systems, Julie Lewis helps college coaches at smaller schools stay organized. Most Americans retire when they are 65 – or at least hope to. Julie Lewis contemplated retirement at 30. Of course that was before Lewis put aside retirement plans in favor of a small business venture aimed at… Read more »
A Virginia man is facing 10 years in prison for posting movies online. His website once released the latest Star Wars movie six hours before it hit theaters nationwide. Investigations by the FBI, including the field office in Richmond, VA, have led to the conviction of Daniel Dove, 26, on counts of conspiracy and felony… Read more »
Yesterday Starbucks said it is going to close 600 stores around the country. There are at least 10 in Richmond. Click here for a map. The company said it will close relatively new stores that have only been open since the beginning of fiscal 2006. Starbucks identified stores that were either not profitable or not… Read more »
Do a Google search for Tabitha Geary and 37,900 hits come back. After clicking through eight pages worth of links and being confronted time and time again by the same face, it seems that there is no other Tabitha Geary than the Richmonder who owns a scrap-booking company that bears her name. And now Geary’s… Read more »
It was a rough week for CarMax and Circuit City. CarMax stock shed $2 a share, or about 11%, on news that profits at the company dropped 55%. Meanwhile, Circuit City – the company from which CarMax was spawned – is on life support and looking for a transfusion. Or is it an organ transplant?
The professional networking site LinkedIn just raised $53 million in capital, which pegs the company’s valuation at around $1 billion. Technology analysts are wondering if that’s a tad high. How much social networking sites can extract from advertisers and subscribers, after all?