HomeTown Bank seeks OK to expand (Roanoke Times) HomeTown Bank in Roanoke is embarking on a growth strategy to add two or three branches, increase deposits and make more loans. Capital One Looks to Adapt to Credit Card Laws (Washington Post) New government restrictions on credit card issuers may force Capital One Financial, which revolutionized… Read more »
Uncategorized
Monday Q&A: Summer tourism outlook
Last summer, the tourism industry faced high gas prices; this year, the economy is bearing down on residents’ vacations. But Alisa Bailey, president and chief executive of the Virginia Tourism Corporation said that doesn’t mean people are staying home. They just aren’t straying as far from it, she said.
More on Body Politic’s demise
The Body Politic, the Richmond-filmed pilot that failed to land a spot on the CW’s fall schedule, was among several other Beltway dramas to get the thumbs down from major networks. Networks are concerned a new political series will never measure up to The West Wing, according to a New York Times editorial. From the… Read more »
Virginia’s Largest Universities Raise Tuition
Virginia’s five largest state universities have raised tuition by 5 percent to 7 percent for the coming school year. The schools have eliminated a planned 2 percent salary increase for faculty, saving $37 million.
NewsFeeds 6.5.09
Investment company plans to layoff 133 local workers (Virginian-Pilot) Capital Group Cos., an investment management firm that sells and manages the American Funds family of mutual funds, will lay off 133 local workers over the next two weeks, a spokesman said Thursday. Shenandoah Valley’s Base-X manufactures tents to make global impact (Roanoke Times) The Rockbridge… Read more »
3, 2, 1, Chipotle!
Chipotle fans, start your countdown. The new Chipotle burrito restaurant opens June 11 at Grace and Laurel streets on the VCU campus. This will be the fast-growing chain’s seventh location in the Richmond area. It is the first tenant to open in a strip center built on the site of what was a Pizza Hut…. Read more »
Governor Kaine wants rail in Richmond
High-speed rail in Richmond chugs closer to reality. Gov. Tim Kaine met with Vice President Biden at the White House yesterday to discuss regional high-speed rail and tried to secure some of the $8 billion that has been allocated by Obama for the U.S. transportation project. “The meeting went very well,” said Gordon Hickey, Kaine’s… Read more »
RBS bumper stickers: seriously
We now have Richmond BizSense bumper stickers. Please e-mail [email protected] for a ceremonial placing on your car. Just tell him where you are parked the make model and license plate, and he will come place a sticker on your car free of charge. We printed 300. That may have been 297 too many.
Local builder files for bankruptcy protection
Prospect Homes, a local homebuilder for more than 25 years, filed for Chapter 11 bankruptcy Tuesday. The company owes more than $50 million to hundreds of creditors. Many businesses listed as creditors were not surprised by the news, as checks had been late in arriving for at least six months. But several local business owners said they kept working with Prospect after Audi met with them, in part because they wanted future work and had known the company for decades.
NewsFeeds 6.04.09
Advance’s CEO touts future in Web sales (Roanoke Times) The Minnesota-based chief executive officer of Advance Auto Parts said Wednesday in Roanoke that the company is in no hurry to build stores on the West Coast but wants to equip itself more fully for Internet sales. UVA endowment back to money-making ways (Daily Progress) A… Read more »