BizSense is looking to hire a reporting intern for the summer. Turns out, it’s harder than we though it’d be. We’ve emailed all the journalism schools around Virginia and D.C., and emailed editors at the all the college papers we could think of. No dice. Can anyone recommend a way to hire a talented and… Read more »
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Corporate Mumbo Jumbo
Whenever I’m interviewing a new business, I try to translate corporate lingo into language non-business people understand. Some musician might want to start a company or have an idea, after all, and he or she likely has no idea what “implementing strategic solutions” means. Nor do I, for that matter.
Qimonda to cut 10% of global workforce
Struggling computer chip maker Qimonda will layoff 10% of its global workforce, according to Reuters, which may include cuts at the company’s North American plant in Sandston. The company has not confirmed cuts, but 10% of the 2,300 local workers would amount to 230 layoffs.
BlockCity?
The movie-rental chain Blockbuster announced this week that it wants to buy Circuit City for more than $1 billion. What sort of movie would this be? A horror film? Maybe a romantic comedy? Blockbuster CEO James Keyes said Monday that combining the companies would create a 9,300-store chain that could sell portable entertainment (DVDs) and… Read more »
#1 Dad
Sean McGlynn wasn’t so sure he wanted to start working with his dad again. The 37-year old tried that once before, and it didn’t turn out so well. Of course, that was immediately after graduating from Radford University with a degree in business. At the time, working for his dad’s drug testing company seemed like… Read more »
Circuit City + Block buster =
So Blockbuster wants to buy Circuit City. What sort of movie would this be. A horror film? Maybe a romantic comedy? Blockbuster has been trying to swoon Circuit City with love letters, and now the movie rental company has gone public with its affection, saying it will pay $6 to $8 a share for the… Read more »
Auction-Rate Insecurity
At least three Richmond investment firms are having trouble retrieving client money from investments that were thought to be short-term and low-risk. Individuals and businesses that invest with Davenport & Company, Charles Schwab and Wachovia Securities might be unable to access money from certain mutual funds that invest in municipal bonds, also known as auction-rate… Read more »
Ode to the Vending Machine. In B Minor.
In the world of casual Fridays and awkward going-away parties, there is no friend more loyal to the office worker than the vending machine. It’s like a husky pal who’s always up for ordering pizza. It doesn’t discriminate, dropping chips, chocolate bars and mini muffins into the waiting hands of mailroom clerks and CFOs alike.
BizSense makeover
We just launched a new version of the website, and boy are my arms tired. The new site has tons of extra features, many of which are too nerdy to discuss here. The BizWire lets any Richmond business (with a membership) to share news about itself. We’ll also be adding video and podcasts to our… Read more »
Lower your chances of pulling a retirement goose-egg
It seems some lessons need constant repeating. You’d think the fall of Enron and WorldCom taught investors a valuable lesson in the dangers of having too much of their company-sponsored retirement plan in company stock. But judging by what appears to be the pending demise of Bear Stearns, whose stock plummeted from $160 per share… Read more »