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Richmond Times-Dispatch, Roanoke Times, Daily Progress see newsroom layoffs
Updated Sept. 11 At least five newsroom staffers at the Richmond Times-Dispatch were told Friday that they were being laid off by owner Lee Enterprises. Four people laid off were part of the bargaining unit for the Richmond Newspapers Professional Association, the Times-Dispatch’s newsroom union, a representative confirmed. They include a business reporter, a photojournalist, […]
Richmond investment bank launches health care group
Richmond-based investment bank Matrix Capital Markets Group Inc. announced Wednesday it has established the Matrix Healthcare Banking Group, which will focus on health care subsectors. The industry group will be led by Amanda Verner Thompson and Vasanta B. Pundarika, who joined the firm as managing directors and co-heads of the new group. Their focus will […]
Universal Corp. to acquire dehydrated foods company for $170M
Richmond-based international tobacco leaf supply company Universal Corp. announced Tuesday it has entered into a definitive agreement to acquire Momence, Illinois-based dehydrated vegetable, fruit and herb processing company Silva International for $170 million in cash. Following the transaction, Silva will operate as part of Universal’s plant-based ingredients platform, which includes Fruit[...]
Dominion seeks to keep North Anna nuclear plant operating into 2060
Richmond-based Dominion Energy has filed an application with the Nuclear Regulatory Commission to renew the operating license for its North Anna nuclear power station for an additional 20 years. In operation since 1978 and 1980, North Anna’s two reactor units are currently licensed to operate until 2038 and 2040. The renewal would have the reactor […]
Puritan Cleaners acquires HandCraft Cleaners
Richmond-based dry-cleaning business Puritan Cleaners has acquired HandCraft Cleaners, another Richmond-based, family-owned dry-cleaning company, the businesses announced Thursday. Terms of the transaction were not disclosed. “We are extremely pleased to welcome HandCraft Cleaners’ customers to the Puritan Cleaners family and are honored to have the opportunity to continue to provide them [...]
Md.-based HVAC company to acquire two Richmond firms
Columbia, Maryland-based HVAC equipment manufacturer’s representative Havtech announced Thursday it will acquire Richmond-based companies Air Conditioning Equipment Sales Inc. (ACES) and Mechanical Systems Testing & Balancing Inc. (MSTB). Terms of the transactions were not disclosed. Founded in 1971, ACES is an HVAC manufacturer’s representative for the Central Virginia, Tidewater [...]
More college students head into quarantine as COVID-19 cases rise
RICHMOND — As more universities open, they’re collecting and releasing COVID-19 data and grappling with contingency plans for those who contract the disease. As of Thursday evening, universities across Virginia were reporting that more than 550 students, staff and faculty members have tested positive for COVID-19 since schools reopened two weeks ago, according to the […]
Dominion Energy, Altria commit grant funding for small businesses
Updated 2:30 p.m. Aug. 27 Two Virginia corporate giants announced details Thursday on funding for small businesses in Richmond and Hampton Roads affected by protest-related damage and ongoing coronavirus hardships. Altria Group Inc., based in Henrico County, and Richmond-based Dominion Energy Inc. pledged $5 million each for small businesses and social justice organizations in June, […]
Two VCU faculty named senior members of National Academy of Inventors
Virginia Commonwealth University announced Tuesday that two faculty members have been named as senior members of the National Academy of Inventors, an organization for inventors in academia. Srirama Rao, VCU’s vice president for research and innovation, and Everett Carpenter, a chemistry professor in the College of Humanities and Sciences, were two of 38 academic inventors […]
Black Lives Matter street mural coming to Richmond
A privately funded Black Lives Matter mural stretching nearly 200 feet long and two feet high will be painted in downtown Richmond near the Virginia State Capitol grounds, Venture Richmond announced Monday. Approved unanimously by the city’s Public Art Commission and Planning Commission, the project will be spearheaded by Richmond artists Hamilton Glass and Ed […]
Blue Ridge, Bay Banks announce merger
Charlottesville-based Blue Ridge Bankshares Inc., the parent holding company of Blue Ridge Bank, announced Thursday it will merge with Richmond-based Bay Banks of Virginia Inc., parent holding company of Virginia Commonwealth Bank, in an all-stock transaction to create a bank with pro forma total market capitalization of nearly $200 million. Under the terms of the […]
Richmond mayor proposes $500K for businesses affected by protests
Richmond Mayor Levar M. Stoney is proposing that City Council adopt a $500,000 Business Recovery Grant Program to compensate for damages to businesses from recent protests. Through the program, eligible businesses can be awarded a one-time grant of up to $10,000 to cover costs from damage that happened as the result of recent demonstrations within […]
