This cuts at Qimonda come on the heels of other local layoff in Richmond’s manufacturing sector. Economic development agencies will likely tweak their marketing pitch for the fall season.
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Zoom can help find new locations
In the past, businesses looking to relocate relied mostly on connections, market trends and popular opinions. A new service is looking to change that with cold, hard facts. Zoom Prospector lets businesses search the nation for the perfect place to set up shop. The website, which was recently made available to the public by developer… Read more »
Style Weekly’s Top 40 under 40 list needs more business people
If you want to make it onto Style Weekly’s Top 40 Under 40, you’ll have a better chance if you start a community outreach program (even if a similar one already exists) than if you help an existing company expand and hire 50 new workers.
Qimonda to close plant, lay off 1,200 Richmond workers
German microchip manufacturer Qimonda AG announced today that it will be making drastic cuts, and likely close one of its Eastern Henrico plant that produces 200mm wafers by January. As many as 1,200 Richmond high-tech workers may lose their jobs, although the exact local figure has not been released yet. One source at the company… Read more »
Ukrop’s fuel program pumped over 3.5 million gallons
Ukrop’s new fuelperks! program saved customers $2 million on gasoline since its launch on June 30, the Times-Dispatch reports Monday. Customers who use their Ukrop’s Valued Customer card at participating gas stations save 10 cents for every $50 they spend at the supermarket. So far the discount has been applied to 3.5 million gallons of… Read more »
Cooling demand for cargo traffic at Richmond’s Port
Worldwide demand along most shipping routes has fallen precipitously. And a chill from Iceland will cool cargo traffic at the Port of Richmond.
Highest Paid Execs in Richmond
Thirteen out of the top 40 highest paid executives of publicly traded companies are based in Richmond, according to the most recent issue of Virginia Business magazine. The following figures are total annual compensation and only for companies with at least $1 billion in revenue: Louis Camilleri of Altria: $24 million Thomas Farrell, Dominion Resources:… Read more »
CarMax using gas card to encourage car reviews.
CarMax is giving away a $250 gas card every week for eight weeks to people who review cars at CarMax.com. Spokesman Chris Wilmore said the reviews are a valuable resource to web users, and so CarMax is putting a little cash on the line to help get the website’s users interacting. BizSense reported earlier in… Read more »
Let’s make a deal – Virginia companies still shopping for possible acquisitions
Nobody seems to have read this chapter. “Banks used to ask us how we were doing. Now we ask them how they’re doing.” – Scott Ferros, senior VP and CFO at Blackhawk Products Group. Despite tenuous economic times, a panel of deal makers from major companies around Richmond said yesterday that deals are still getting… Read more »
CarMax laying off 600; 15 in Richmond
Goochland-based CarMax announced Wednesday it is laying of 600 service workers at dealerships and reconditioning shops all over the map. Fifteen workers in Richmond will be laid off, according to a company spokesperson. The company employs 1,150 workers at the Goochland headquarters and two local dealerships.