PrecisionIR, an investor relations technology company based in Chesterfield, has hired a new CEO.
Uncategorized
S&K To Liquidate
Just like Circuit City before it, at the end of its corporate life no other company was interested in buying S&K Famous Menswear and trying to turn it around. The company was founded in 1967 by two brothers who found a niche selling quality men’s clothes at a good price, but that niche evaporated as fewer men bought suits and the lower-end marketplace became more cutthroat. Plus, a brief Q&A with former CEO Joseph Oliver.
BizSense hires a new reporter
BizSense Nation, please meet David Larter. He’s our new business reporter and he will be covering some new beats for us, including local universities, health care, technology and nonprofits.
NewsFeeds 5.21.09
Downturn, boomers will alter everything, Va. researcher says (Daily Progress) A tanking economy and aging population will result in a new frugality with intergenerational households, changes in transportation modes and more seniors spending their final years at home, warns John Martin. Recession helps drive Advance Auto’s profit (Roanoke Times) The company’s leg up is auto… Read more »
SBA to offer debt relief in June
For Richmond businesses struggling to make monthly debt payments, a new Small Business Administration program could provide a lifeline. The emergency loan program will start accepting applications in mid-June, the agency announced Monday. Business owners interested in the program should contact their local bank.
No word on Richmond GM closings
GM dealers in Richmond are remaining tight-lipped about which dealerships might be forced to close at the behest of parent company General Motors.
NewsFeed 5.20.09
Shockoe Center backers need fans to spend (Times-Dispatch) In addition to ticket-tax revenue, developers expect food sales to generate about $366,000 in tax revenue. If that came only from minor-league games, that would translate to an average of $12.74 in food purchases per fan. Golf products company expands portfolio (Times-Dispatch) Henrico County-based golf products and… Read more »
When Insmed’s drug is the only hope
The New York Times ran a powerful feature about a patient with Lou Gehrig’s disease and his search for Iplex, a drug made by Richmond-based Insmed that was just recently made available for patients with the debilitating disease, at least for patients with no other hope.
Altria backs ban on flavored cigarettes
A U.S. Senate panel is considering tobacco legislation today that would ban certain cigarette flavorings including cherry, chocolate and cloves. In what may be a surprise to some, leading tobacco product producer Altria supports the ban. The company has negotiated with anti-smoking advocates and lawmakers to reach a compromise on the bill. The ban exempts… Read more »
Dean search at UR Biz School back to square one
Citing financial considerations, Henry N. Butler, has withdrawn as the next dean at University of Richmond’s business school, according to an email sent to faculty and staff. The school will restart the search for a new dean.