Economic downturns can be boom times for prostitutes, according to an economist who has studied the oldest profession for decades.
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Genworth Is Considering Spinoff of Mortgage Insurer
Genworth Financial Inc. is considering a spinoff of its U.S. mortgage insurance business amid the housing slump. The stock jumped 22 percent in early trading. You can read the story here.
Tech Review: a personal newshound
Imagine an army of personal secretaries, assigned by you to monitor news feeds, blogs, and even shopping networks for specific keywords. That’s the idea behind Yotify. The website allows you to create “scouts” that comb through everything from YouTube to eBay, from popular news services like the Wall Street Journal, USA Today and Reuters to… Read more »
Tattoos might still be taboo in Richmond offices
It used to be that you were considered different and rebellious (and maybe even dangerous) if you had a tattoo. You likely rode a Harley or in a drunken stupor let some friend with a needle leave an “I ? Mom” or an anchor on your bicep. Now, they’re as trendy as big hair in… Read more »
Reader Mail Bag: An irate downtown condo owner
When it rains, it pours. We got more emails on Wednesday than any other day in our brief history. A quick overview: On Wednesday ran a story that said around half of the balconies in the two downtown condo towers – Vistas on the James and Riverside on the James – have no patio furniture…. Read more »
Outsted Circuit City CEO departing Richmond?
Richmond has few recruiters who place CEOs of Schoonover’s pay level, and his skills would make him more of a national candidate. Forgetting for a moment that former Circuit City CEO Philip Schoonover might have sold his Goochland home (BizSense has not confirmed it yet), one local recruiter says local companies will be hard-pressed to… Read more »
Cavalier Telephone will remove a new fee if you catch it
Attention Cavalier Telephone business customers: there may be a new “$5 energy recovery” fee on your monthly bill phone bill which you could avoid paying.
Anyone know Embassy Row Properties?
A company called Embassy Row Properties, LLC filed for Chapter 7 Bankruptcy in Richmond. I can’t find any info on them. Do they own any local developments?
Richmond mutual fund weathering the storm
So far, investors are keeping their money with a Richmond-based mutual fund company. The two mutual funds managed by Richmond’s TFS Capital are still bringing in around $1 million in new money a day, according to the company. The performance of the TFS’ market neutral fund (which bets that stocks will both rise and fall)… Read more »
Wall Street to Broad Street
When Wall Street institutions falter, Richmond feels the tremors. But the details of how all this will play out locally are anyone’s guess. Pat Fishe, a professor of finance at the University of Richmond’s Robins School of Business, said that the day’s events have several local ramifications. National banking activity could slow, and with our… Read more »