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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.

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


"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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