Business Archive

Support for sale of fertilizer firm grows

By TOM SHEANThe Virginian-Pilot
A Canadian company seeking to acquire Royster-Clark Ltd. appeared to have sufficient support from investors in the Norfolk-based fertilizer distributor Thursday to complete a transaction. Agrium Inc. said seven institutional investors with a combined 40 percent of Royster-Clark’s investment deposit securities had agreed to tender their holdings. The manufacturer and distributor of fertilizer, based in Calgary, Alberta, said the agreements were in addition to earlier commitments with investors . . .

Regions must grow with boundaries, says expert

By BATTINTO BATTS JRThe Virginian-Pilot
NORFOLK — If multi jurisdictional regions like Hampton Roads want to compete in the current economy, they must avoid being encumbered by parochialism, the former mayor of Austin, Texas, said Thursday. “We live in a 21st- century economy with 19th- century tools,” Kirk Watson told local business leaders during a Hampton Roads Economic Development Alliance luncheon. “The jurisdictional lines will have little meaning. The way we elect people makes us responsible to parochial constituencies. The . . .

Tech firm’s new contract means new jobs

By Allison ConnollyThe Virginian-Pilot
NORFOLK — C2 Technologies Inc. plans to more than double its presence in Hampton Roads, hiring 100 people to support a $346 million contract to develop modeling and simulation programs for the Army. The contract is with the Army’s Training and Doctrine Command, which sets training and combat policy for all Army troops from its headquarters at Fort Eustis in Hampton.It is the largest contract the company has received, said Chief Executive Officer Dolly Oberoi. While C2 is the lead contractor, . . .

Secretary of technology praises region’s progress

By ALLISON CONNOLLYThe Virginian-Pilot
NORFOLK — He’s been on the job only eight days, but the state’s new secretary of technology traveled to Norfolk on Thursday to say he likes what he sees in Hampton Roads, and he hopes to replicate it elsewhere in the commonwealth. Secretary Aneesh Chopra outlined his vision for technology before members of the Hampton Roads Technology Council at the Holiday Inn Select Norfolk on North Military Highway.He praised the region’s creation of tech jobs. While the population grew by only half a percent . . .

Country dancing, Colonial style in Smithfield

By MICHELLE E. SHAWThe Virginian-Pilot
SMITHFIELD — There was no place to sit in the classroom at Smithfield Middle School Thursday afternoon.And that’s just how Loyd Rawls , the dance instructor, wanted things.“I thought if I made the chairs inaccessible, there would be fewer people saying, 'Oh, I’ll just watch,’ ” he said.Rawls is starting classes for all ages who want to learn Colonial dancing, also called English country dancing.“I don’t use that name because people get the wrong idea when they hear the words 'country dancing,’ ” . . .

''Lion King'' run exceeds Norfolk's expectations

By Jeremiah McWilliamsThe Virginian-Pilot
NORFOLK — Even if you’re not into Disney-themed Broadway productions like “The Lion King,” you can appreciate the cash shelled out by people who are.When the curtain dropped Jan. 15 on the show’s 45-performance run at Chrysler Hall, “The Lion King” had grossed $6.5 million and sold 98.96 percent of its seats, according to its management company. “That’s about as good as it gets,” said Cynthia Carter West, director of Virginia operations for Baci Management Inc., which contracted with Norfolk to . . .

Norfolk Southern Corp. reports 37 percent increase in profits

By Christopher DinsmoreThe Virginian-Pilot
NEW YORK — Norfolk Southern Corp.’s outgoing chairman David Goode was anything but retiring Wednesday as he capped his nearly 14-year run as the railroad’s top executive with record results, smashing the expectations of Wall Street.A beaming Goode eagerly jumped right into the Norfolk-based company’s quarterly and annual financials, skipping his usual discussion of its safety record at what was his last quarterly meeting with rail stock analysts in midtown Manhattan.“By any standard, Norfolk . . .

Female business travellers have rooms of their own

By Denise Watson BattsThe Virginian-Pilot
VIRGINIA BEACH - Soon, the Fairfield Inn will have an expanded lobby with a plasma TV, a swank business center and a larger breakfast area.But John Tanner at the Fairfield Inn by Marriott Virginia Beach Town Center has already added some important enhancements: Potpourri in certain rooms. Scented candles. Chocolates. Bath squishies and peppermint foot lotion. The general manager recently designated five of the hotel’s 130 rooms for the single-female traveler. Tanner, and a growing number . . .

Port board to require disclosure of VIT salaries

NORFOLK — The Virginia Port Authority’s board voted Tuesday to require the private entity that manages its terminals to disclose the salaries of three top executives, part of a move to clarify the authority’s relationship with Virginia International Terminals Inc.On tap next: twice-yearly meetings between the VIT and port authority boards to allow officials to discuss budget and operational issues in closed session.“We need, one, to reinforce the separateness and independence of these two entities,” . . .

Norfolk State University names three finalists for president

By PHILIP WALZERThe Virginian-Pilot
Kofi LomoteyCarolyn W. MeyersJoseph H. Silver Sr.NORFOLK — A former president of a Georgia university and vice presidents at North Carolina A&T and Savannah State University were named the three finalists Tuesday for the presidency of Norfolk State University. Each will visit the campus within the next week for a day of public and private meetings. The university’s Board of Visitors might select the president as early as next week , said the board’s rector, Jack L. Ezzell Jr. “I think we have . . .

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