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March 10, 2009
Publisher McClatchy cutting 1,600 more jobs
McClatchy Co. is shedding an additional 1,600 jobs in a cost-cutting effort that has clipped nearly one-third of the newspaper publisher’s work force...
Regency Square to add XXI Forever clothing store
A 45,700-square-foot XXI Forever store will open at Regency Square mall this year. Construction begins in June on the store, considered a mini-anchor tenant...
Merck buying Schering-Plough for $41.1 billion
Drug giant Merck & Co. is buying Schering-Plough Corp. for $41.1 billion in a deal that gives Merck key new businesses, access to a promising pipeline...
March 09, 2009
Father-son partners are the force behind Movieland cinema
If a film was made about the owners of Movieland at Boulevard Square in Richmond, an apt title might be “Like Father, Like Son.“ Charles B....
Henrico firm specializes in displays for trade shows
Betty Johnson attends lots of regional and national trade shows for Bostwick Laboratories. When she needed folding table-top displays and other graphics...
Windows 7 has Explorer ‘turn-off’ box, in possible bow to EU
A single check-box deep in the guts of the next version of Windows is giving Microsoft Corp. watchers a peek at how the software maker plans to keep European...
Microsoft aims for new Web search: Kumo
Microsoft Corp. has said marketing teams were hard at work fixing the company’s Web search image. As a brand, Live Search wasn’t working. But...
Insider Periscope
COVENTRY HEALTH CARE INC. E. Harry Creasey III, an officer, sold 1,411 shares March 2 at $9.40 per share, bringing holdings to 190,574 shares. DOMINION...
March 07, 2009
Pharmaceutical plant expansion to open soon
After three years of development, Boehringer Ingelheim Chemicals Inc. will start production soon at a $135 million expansion of its pharmaceutical plant...
March 06, 2009
Retail sales drop, but not as much as expected
After hibernating since last fall, shoppers may be carefully moving to restock their pantries and buy a few more necessities. Retailers released figures...
End of an era: Circuit City closes Sunday night
Circuit City will disappear from the retail landscape by Sunday night. All of the retailer’s remaining 500-plus stores will close by then, ending...
GM CEO Rick Wagoner’s pay package
His company lost $30.9 billion last year and it’s relying on government loans to stay in business, yet General Motors Corp. CEO Rick Wagoner received...
GM auditors raise the specter of bankruptcy court
General Motors Corp.‘s auditors have raised “substantial doubt” about the troubled automaker’s ability to continue operations,...
British auto insurer, bringing 40-50 jobs initially, is locating in Henrico
A British auto insurance company is locating its new U.S. operation in western Henrico County. Admiral Americas plans to employ 40-50 people by the end...
March 05, 2009
View-Master 3-D travel reels come to an end
COLUMBUS, Ohio Amber LaPointe’s introduction to one of the country’s greatest tourist attractions came from small square pictures on a white...
Stronger stores taking customers of the weak
Retailers left standing amid the carcasses of their competitors are going after orphaned customers. They’re using aggressive mailers, accepting dead...
March 04, 2009
Sneak Peek: Running a smart business
Moneywise: Here’s advice from local experts on running a smart business in these tough economic times.
Car sales continue deep slump in February
Major automakers’ U.S. sales continued their deep slump in February, putting the industry on track for its worst sales month in more than 27 years....
Defense supplier to open plant in Suffolk
A supplier of composite parts for the aerospace and defense industries plans to hire at least 198 people over a five-year period to work at a new manufacturing...
Virginians get notice of card-data breach
Banks and credit unions across Virginia have sent letters to customers warning them that their credit, debit or ATM cards have been compromised. The financial...
March 03, 2009
Robins sells drug company ECR for $5.1 million
Businessman E. Claiborne Robins Jr. has sold his ECR Pharmaceuticals company to a New York drug firm. Robins started the specialty drug company in 1990,...
Circuit City sells Canadian operations
Circuit City Stores Inc. has found a buyer for its Canadian operations, which will keep the 750-plus The Source by Circuit City stores operating.
Investor accounts at Stanford Group Co. remain frozen
Thousands of investor accounts in Texas financier R. Allen Stanford’s financial companies will remain frozen for another 10 days, a federal judge...
March 02, 2009
Westchester Commons’ opening marks transition from rural to urban
When John Watkins looks out across the wide open landscape that used to be his playground, he doesn’t see Westchester Commons, one of the largest...
Hanover firm specializes in historical restorations
W.Scott Brannan learned the art of plastering more than 25 years ago by helping F. Richard Wilton Jr. with renovation projects. “When he would go...
Bid for Internet addresses delayed
Bids for new Internet addresses to rival “.com” and other suffixes will likely be delayed until the end of the year as a key oversight agency...
Insider trading INSIDER PERISCOPE
BANK OF AMERICA CORP. Virgis W. Colbert, a director, purchased 15,000 shares Feb. 4 at $4.78 per share, bringing holdings to 21,062 shares. Walter...
Bankruptcy petition
The following is a recent business bankruptcy petitions filed in U.S. Bankruptcy Court: Case Number: 09-31205 King William Sand & Gravel Mattaponi...
March 01, 2009
Virginia’s big firms lobby hard in D.C., recession or not
Ten of Virginia’s top 20 revenue-producing public companies combined to spend more than $100,000 a day lobbying the federal government last year,...
February 28, 2009
CarMax opens 100th store
Automotive retailer CarMax Inc. hit a milestone this week, opening its 100th store. On its way to triple digits, the chain, which started in 1993 as a...
