LandAmerica unit wants funds access (Times-Dispatch) A LandAmerica Financial Group Inc. subsidiary wants access to customer funds to pay vendors and expenses while going through Chapter 11 bankruptcy proceedings. LandAmerica 1031 Exchange Services Inc. filed the request in U.S. Bankruptcy Court in Richmond and said if it is not granted, the company may be forced… Read more »
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Richmond PR professional on BusinessWeek.com
Casey Quinlan, a PR profession and ubiquitous member of the business networking circuit in Richmond, has a guest column on BusinessWeek.com arguing that health care costs should be driven down by a push for healthier living. Writes Quinlan, “I firmly believe that the rising tide of medical costs, in the U.S. and other developed nations,… Read more »
NewsFeeds 2.11.09
Identity Crisis (Style Weekly) Not too much news, but a nice analysis of the region’s changing economic development strategy. As the recession rages, how can Richmond’s economic recruiters attract more winners such as a DuPont and avoid losers such as Qimonda or Wachovia Securities? That’s the point of the rethinking at the Greater Richmond Partnership,… Read more »
Boycotting the recession
The recession is being felt by business owners everywhere, but at least one Richmond firm decided not to participate. Graphics Gallery, a West-End based producer of graphic displays, is urging other businesses to join their chorus of recession-deniers. The company is giving away a series of signs that state: “We heard about the recession, and… Read more »
NewsFeeds 2.10.09
Group seeks baseball team, backer says (Times-Dispatch) The leader of the ownership group that wants to return professional baseball to Richmond said yesterday that the group has applied to Minor League Baseball to buy a specific team by early April. Genworth Financial continues to lose money (Times-Dispatch) Reporting its third consecutive quarterly loss, Genworth Financial… Read more »
Laid off alumni turn to resume database
More than 45 job hunters have posted their resume to Virginia Commonwealth University’s alumni database that launched on January 26, according to Katherine Oliver, communications director for the School of Business. “We definitely have people from Circuit City, lots from Qimonda,” Oliver said. Other job seekers have been laid off from Wyeth, insurance companies, and banks,… Read more »
What we’re reading: Portfolio’s great slideshow on the economy
Porftolio.com, the website of the wonderful business magazine Portfolio, has a neat slideshow featuring 18 varied national figures and they’re succinct thoughts on the economy. A few highlights: Eric Maskin: Co-recipient of the 2007 Nobel Prize in economic sciences. By January 2010, the economy will be on the road to recovery. If all goes wrong,… Read more »
The Monday Q&A: No loan, no more business
As banks cut back their ending, small businesses are having more and more trouble staying alive. How that plays out locally depends on who you talk to. Andy Schwabe is filing for personal bankruptcy after losing more than $200,000 of borrowed money on a failed children’s gym called Romp n’ Roll.
Contractor sues Qimonda over unpaid invoices
Richmond-based ColonialWebb Contractors filed a lawsuit against Qimonda seeking $369,495 in unpaid invoices. The lawsuit was filed in Henrico County District Court last Monday. Qimonda announced that it was shutting down all operations at its Sandston manufacturing facility the next day. According to the filing, ColonialWebb was contracted by Qimonda in December 2006 to service… Read more »
NewsFeed 2.9.09
Arise, Miller & Rhoads (Times-Dispatch) The landmark building, which closed in 1990, reopens this week as a $110 million hotel and condominium complex. It is the latest in a series of projects resuscitating a decrepit strip of East Broad Street. Making a hometown brew (Roanoke Times) The next time you frequent a local watering hole,… Read more »