Check this out: The RBS Guide for small business checking

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 »

Obama in, gun sales up??

Fears that an Obama presidency will place tighter restrictions on gun ownership have boosted sales at local gun stores, according to Richmond area firearm dealers. Almost all of the shops BizSense called said they saw increased sales leading up to Election Day. Workers at DeGoff’s Guns in Mechanicsville and Green Top Sporting Goods in Glen… Read more »

LandAmerica postpones release of earnings

LandAmerica has postponed the release of its third quarter earnings, in what is likely an ominous sign for the struggling Glen Allen-based title insurance company. “The release has been delayed to allow LandAmerica additional time to complete the preparation and review of its financial statements for the third quarter ended September 30, 2008,” the company… Read more »

Utility contractor to cut 50 jobs, close office

UtiliQuest, an Atlanta-based utility services company, is closing its Richmond office; 53 employees will lose their jobs, according to notice given to the state’s dislocated worker unit. The company’s Chesapeake office is also slated to close, affecting an additional 60 employees. UtiliQuest operates more than 50 offices nationwide, including three other Virginia offices in Fairfax,… Read more »

Is the ‘Curse of Diamond Duck’ over before it took hold?

Richmond might some day lament the day Diamond Duck left for Atlanta, ushering in an era without baseball. A new stadium would probably cure any budding curse before it becomes debilitating. (Read: Curse of the Bambino) Developer Highwoods Properties and their team have until March 1 to submit a letter of intent and outline their… Read more »

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 »