here comes a time for every business owner when you have to leave your startup in the hands of your employees or partners. For me, that time came late last month, when I went to Denver for a business news conference
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NewsFeeds 5.11.09
Without buyer, S&K may liquidate (Times-Dispatch) S&K Famous Brands Inc. could be liquidated if a buyer to keep it operating is not found in the next six days. The Henrico County-based menswear retailer filed a motion late Friday evening asking a bankruptcy judge for permission to sell itself to Hilco Merchant Resources Inc. After fees,… Read more »
Q&A: Rewriting role of Va.’s film industry
Virginia Film Commissioner Rita McClenny is trying to keep the momentum going, perhaps by bringing Steven Spielberg to the state. But McClenny says that without government funding for attraction programs, Virginia is not competitive enough with other states that do have lucrative incentive programs.
C’ville crazy for green cars, RVA not so much
At number six, Charlottesville is near the top of a list of American cities most interested in hybrid and alternative-fuel vehicles, according to rankings released by Cars.com today. Richmond fell in the middle of 210 cities nationwide, coming in at number 109 just one spot below the Hampton Roads area. Harrisonburg was ranked 58th. The… Read more »
Local firm makes big impact turning profits into donations
Richmond-based Impact Makers is a company without an owner and in CEO Michael Pirron’s eyes that is just fine.
NewsFeeds 5.08.09
Kaiser Aluminum cuts 56 jobs, schedules furlough (Times-Dispatch) Kaiser Aluminum is cutting back again at its Bellwood plant in Chesterfield County, eliminating 56 of about 125 jobs and closing the plant temporarily in Jul Volvo returns state money (Roanoke Times) In 1999, Virginia officials gave Volvo Trucks North America in Pulaski County a chance to… Read more »
Private equity firm buys cold storage biz
Richmond Cold Storage Co. Inc., a 102-year-old firm based here, was sold Wednesday to Atlanta Equity Fund LP for an undisclosed sum. Richmond Cold Storage is a privately held company with a network of warehouses with approximately 49-million-cubic feet of refrigerated space in states throughout the Southeast. Current management will continue to run the Richmond… Read more »
Magnolia Green goes into foreclosure
The financially troubled Magnolia Green Development, LLC (MGD) has been foreclosed on by its New York lender, iStar Financial. The lender claims that MGD has defaulted on a loan of $96.9 million that was issued in January of 2007, according to legal documents. The property will be offered for sale on May 19, the Times-Dispatch… Read more »
Newsfeed 5.7.09
CarMax reshuffles 130 positions (Times-Dispatch) About 130 CarMax Inc. employees will be changing roles as the retailer reshuffles positions at its headquarters and at some of its 100 stores.In all, 1 percent of the company’s 13,000 jobs are affected, the company said. CarMax made the moves because shifts in its operations have made some jobs… Read more »
Support for public transit goes viral
A new viral marketing campaign to promote public transportation funding launched today.