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Business

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Richmond-based Xenith Bankshares merging with Hampton Roads Bankshares

Richmond-based Xenith Bankshares Inc. and Virginia Beach-based Hampton Roads Bankshares Inc. have agreed to merge, creating the state’s fifth-largest community bank by deposits.

Local Business News

Dominion still prefers overhead line across Rappahannock that locals vow to fight

Despite opposition that halted work on a 2-mile transmission line across the Rappahannock River late last year, Dominion Virginia Power still prefers the controversial route that critics paint as an eyesore along the area’s iconic scenery.

Napier Realtors purchases local ZipRealty office

Napier Realtors ERA, a residential real estate brokerage in Chesterfield County, has acquired the local office of ZipRealty Residential Brokerage, adding 33 agents to its staff and a technology that gives agents more online interactions with potential customers.

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

A unit of a French company plans to start construction this year on an 80,000-square-foot plant in Henrico County to manufacture ingredients for the cosmetic and pharmaceutical industries.

Virginia business briefs for Feb. 11

Philip Morris wins lawsuit seeking money for scans

Corrections

Jane G. Watkins, retiring president and CEO of the Virginia Credit Union, will be inducted into the Greater Richmond Business Hall of Fame this May. The year for the induction was incorrect in a story Wednesday on Page D1.

Henrico company agrees to buy Gas-Mart stores

Henrico-based GPM Investments LLC has signed an agreement to acquire a combined 21 convenience stores in Illinois, Iowa and Nebraska from Gas-Mart USA Inc. and its affiliates.

Philip Morris wins lawsuit seeking money for scans

Philip Morris USA won the trial of a lawsuit in which longtime Marlboro smokers sought company-paid annual chest scans for lung cancer.

Earnings: Markel Corp.

Henrico County-based Markel Corp.'s profit increased in the fourth quarter as the company posted improved revenues from investments.

More
Business Principles 101: Don’t waste your time on almost buyers

Every salesperson has the problem of trying to discern potential prospects, who appear to have the desire and the dollars to buy the product or service that you are selling, from the total number of interested prospects.

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.

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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