News

Drafting a development solution

A Richmond councilman wants to dedicate a portion of proceeds from the sale of city-owned property to economic development.

Specialty insurer is open for business

A startup insurance firm in Richmond activated its first policies this week and hopes to be profitable by the end of the year. And the company is free from a “nuisance” lawsuit filed by a competitor it settled when the plaintiff paid Kinsale $377,000.

Members might bail out Federal Club

A group of members at an upscale golf club in Hanover County has started studying how to buy the club if the current owners/operators can’t rescue the business from bankruptcy protection.

Local firms hired to help Ukrop’s morph into Martin’s

The 25 Ukrop’s stores purchased by Dutch grocer Ahold will be closed for a week as they get a facelift and a spring cleaning before becoming Martin’s grocery stores. Local firms are doing most of the work.

Banking on an advertising blitz

Love you? We hardly know you. Last month Union First Market Bank launched a marketing blitz to increase awareness and curiosity by asking, “It is wrong to love a bank?”

The Herd for 3.10.10

A short Herd this week, but a new managing director at a hedge fund consultancy and a new CIO at a local bank.

Hundreds rally to protest phone tax hike

Several hundred protestors gathered Monday around the Bell Tower in Capitol Square to criticize a 24 percent hike on the monthly fee charged to Virginia phone bills.