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CarMax opening office in Lady Byrd Hat building in downtown Richmond

Automotive retailer CarMax Inc. plans to open an office in a renovated historic building along the Canal Walk in downtown Richmond.

Local Business News

Union Bank & Trust to close five branches, open one

Union Bank & Trust is closing five branches and opening one in the second quarter, reducing its branch network from 124 to 120.

French firm investing $60 million in new cosmetic plant in Henrico, creating 50 jobs

A unit of a French company plans to buy 22 acres in Henrico County and manufacture ingredients for the cosmetic and pharmaceutical industries.

Senate committee votes down restrictions on electronic cigarettes

A bill that would have banned the use of electronic cigarettes in restaurants and many other public places in Virginia was defeated in a General Assembly committee on Tuesday.

Virginia business briefs for Feb. 10

Richmond-based insurer acquires Mass. agency

Merged firm is now S&P Global Market Intelligence

Following the merger of Charlottesville-based SNL Financial and S&P Capital IQ, the company has been rebranded as S&P Global Market Intelligence.

$500M offered to Alpha Natural for core assets

Bristol-based Alpha Natural Resources said it has received a $500 million offer from existing lenders for the potential sale of the bankrupt coal producer’s core assets.

Richmond-based insurer acquires Mass. agency

The Hilb Group LLC, a middle-market insurance agency based in Richmond, said it has acquired Hyannis, Mass.-based Dowling & O’Neil.

Opower $10.5M expansion to create 70 jobs in N.Va.

Opower, the global leader in cloud-based software for the utility industry, will invest $10.45 million to expand its headquarters operation in Arlington County, Gov. Terry McAuliffe announced Tuesday.

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Ask Doug & Polly: Cultivating a culture at your business

QUESTION: I own a small business. I want to build a positive culture. I think it is critical for long-term success, but I’m not sure how to do it. In fact, I’m not even really sure how to define culture. Can you help?

Labor Law: Make sure you have a policy on inclement weather and pay

January's big snow storm in Virginia left many with questions about employer policies and pay practices around inclement weather.

Economic Impact: Labor force participation rate falls among younger groups

The percentage of people either working or actively seeking work has been falling since 2000.

More Learning Center
Decision Maker for Feb. 8: Ashley Hall with Capital Region Collaborative

New position: manager, Capital Region Collaborative

Getting to know: Khaled Khashroom with 7-Eleven

Title: franchise sales representative for convenience store chain 7-Eleven

Decision Maker for Feb. 1: Brian Losch with Worth Higgins and Associates Inc.

New position: vice president of sales, Worth Higgins and Associates Inc.

Getting to know: Heather Garrett with Parkwood Creative

Title: executive producer at Parkwood Creative, a video production company that now operates in Richmond’s Manchester neighborhood

More You Need To Meet

POWER THOUGHT

"Teams should be able to act with the same unity of purpose and focus as a well motivated individual."

– Bill Gates

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