Mergers & Acquisitions
Massey Energy Co., a Richmond-based coal producer, has sold a majority interest in its synthetic fuel-producing subsidiary, Appalachian Synfuel LLC. An unidentified affiliate of a major financial institution acquired the interest effective March 15. (PR Newswire, 03/21/01)

ClearCross Inc., an international trade logistics firm headquartered in Reston, and Atrion International, Inc. have completed the merger of the two companies. The combined company, known as ClearCross Inc., creates the first strategic portfolio of software and services designed specifically for compliance needs of the chemical, energy, high-tech, pharmaceutical and consumer-packaged goods industries engaged in international trade. (Business Wire, 03/21/01)

Apache Medical Systems, Inc., a McLean-based medical software company, has acquired MetaContent, Inc. in a stock transaction. MetaContent, a private company headquartered in Denver, develops and markets data management solutions for health-care providers. Terms were not disclosed. (Press release, 03/21/01)

Net2000 Communications, Inc., a Herndon-based provider of integrated broadband communications services, has completed its acquisition of San Jose, Calif.-based Vision I.T., an integrator of interactive video, data and network services. The acquisition will allow Net2000 to expand its interactive video servi es and enhance Vision I.T.'s expertise in network and videoconferencing for high-end business customers. Terms were not disclosed. (Business Wire, 03/19/01)

Advance Auto Parts, a Roanoke-based auto parts chain, and Carport Auto Parts announced that they have signed a definitive agreement whereby Advance would acquire the 51 stores that Carport operates in Alabama and Mississippi. Financial terms were not disclosed. (PR Newswire, 03/15/01)

Friedman, Billings, Ramsey Group Inc., an Arlington-based securities holding company, announced that the Federal Reserve Board has approved the company's proposed acquisition of Rushmore Trust and Savings FSB, and its parent company, Money Management Associates LP, of Bethesda, Md. The acquisition will more than double FBR's assets under management. FBR is the first securities firm engaged principally in investment and merchant banking to have been approved by the board under the 1999 Gramm-Leach-Bliley Act. (PR Newswire, 03/14/01)

Performance Food Group Co., a Richmond-based restaurant distributor, plans to acquire Empire Seafood Holding Corp. of Miami, a leading Florida seafood distributor. Performance for approximately $70 million in cash and stock. TT The transaction is expected to be completed in early April. (The Richmond Times-Dispatch, 03/08/01)

SyCoNet.com, a Manassas-based specialty retailer, plans to acquire Texas-based Ornate Communications, Inc. through a common stock transaction. SyCoNet.com sells a variety of popular Japanese animation and anime merchandise. Ornate Communications is a privately held wireless solutions provider with an advanced wireless solution that provides low cost high-speed digital access to residential customers. (Business Wire, 03/06/01)

Vastera Inc., a Dulles-based software provider, has agreed to acquire Speedchain Network Ltd. of London for about $14 million in stock. Vastera provides software to allow shipment of goods in a cost-effective manner and is integrating Speedchain's inventory tracking software into their own TradeSphere product so as to offer clients a more thoroughly integrated suite of supply-chain management products. (The Washington Post, 03/02/01)

Ascend, a Richmond-based provider of IT staffing services, has changed its name to MSX International, Inc. after its February 2000 acquisition by Auburn Hills, Mich.-based MSX International, a leading global provider of technology-driven business services. (PR Newswire, 03/01/01)

Main Street Newspapers Inc. has acquired Salem Publishing Company Inc., a publisher of four Roanoke Valley Community Newspapers. For an undisclosed purchase price, Main Street will now publish the Salem Times-Register, New Castle Record, Fincastle Herald and the Vinton Messenger which have a combined circulation of about 14,000 subscribers. (The Roanoke Times, 03/01/01)

Smithfield Foods, a Smithfield processed meats company, announced that its new Hog Production Group, a merger of three acquired companies, Murphy Farms, Brown’s of Carolina and Carroll’s Foods, will change its name to Murphy-Brown’s Company. (PR Newswire, 02/23/01)

Matrix Capital Markets Group, a Richmond-based middle market investment bank specializing in merger and acquisition advisory services, has been acquired by The MONY Group Inc. of New York. Acquisition terms were not disclosed. (Press release, 02/07/01)

The Fairfax County Economic Development Office and Japan's Mitsubishi International Corporation announced that the company has opened a capital venture office in Tysons Corner and will invest $10 million in local-area venture capital funds and technology companies. (Business Wire, 02/26/01)

NTELOS, a Waynesboro-based wireless PCS provider, opened its $9.6 million customer care facility in Portsmouth, adding 250 new jobs. Waynesboro-based NTELEO is a leading wireless PCS provider in the mid-Atlantic region. (Press release, 02/21/01)

Dan River Business Development Center opened a business incubator in Danville on March 1 with offices and light manufacturing areas available. The 30,000 sq. ft. facility is network ready with high-speed internet access, extensive phone pairs and multi-mode fiber for tenants with heavy phone/data requirements. (Press release, 02/17/01)

Star Scientific, Inc., a tobacco company headquartered in Chester, has been issued a patent covering a process for curing harvested tobacco that prevents the formation of one or more tobacco-specific nitrosamines (TSNAs). Some experts count TSNAs among the most potent and abundant cancer-causing toxins in tobacco and tobacco smoke. (Business Wire, 03/21/01)

Teleglobe, a Reston-based provider of international Internet access by satellite, has leased four C-band transponders on Telesat's Anik F1 satellite, expanding Teleglobe's capacity to carry Internet content between North America and Latin America. (Business Wire, 03/21/01)

Shop2u.com, a Fairfax-based company that delivers personalized catalogs via e-mail, has retained the advertising agency August, Lang, & Husak of Bethesda, Md. to create Shop2u's debut advertising campaign. (Press release, 03/20/01)

First Virginia Bank, headquartered in Falls Church, has endowed a faculty fellowship in George Mason University's School of Management and intends to build the endowment's value to $250,000 over the next five years. The endowment will enable emerging faculty members to pursue research or professional- development activities in the management of financial resources. (Press release, 03/16/01)

The AES Corp., an Arlington-based global power company, announced that its subsidiary AES Londonderry LLC has entered into a credit agreement with ABN AMRO Bank N.V. for $294.4 million in bank financing. The financing will facilitate construction of its 720-megawatt gas-fired combined cycle facility, named AES Granite Ridge, located 45 miles north of Boston. (Press release, 03/16/01)

The Virginia Foundation for Housing Preservation, headquartered in Richmond, has received a $3.5 million investment from Bank of America which will allow the foundation to provide zero-percent loans and grants to developers in an effort to maintain the affordability of rental units in Virginia. (Press release, 03/15/01)

KPMG Consulting Inc., a McLean-based consulting company, has formed a strategic partnership with Openpages Inc., a Westord, Mass.-based provider of enterprise content production systems, in order to bring management solutions to KPMG’s worldwide customer base. (Business Wire, 03/13/01)

Fas Mart Convenience Stores Inc., a Richmond-based convenience store chain, has filed for Chapter 11 reorganization to restructure its debt after several months of compressed gasoline margins. All stores will remain open and no layoffs are expected. (Business Wire, 03/09/01)

Martin Public Relations, a Richmond-based marketing firm, will provide strategic communications counsel and manage the national media relations campaign for Golf Nutrition Inc. during its launch of the Caddy Bar, a sport supplement made especially for golfers. (Press release, 03/08/01)

Financial Technologies, a Chantilly-based source of mainframe outsourcing services, has changed its name to Trisiras. (Press release, 03/06/01)

PSINet Transaction Solutions, a Reston-based provider of end-to-end communications solutions, has entered into a strategic relationship with Paymentplus, a Reston-based provider of electronic payment processing, to use LiveProcessor, to power PSINet Payment Exchange, a multi-feature e-commerce payment-processing gateway for small and medium-sized businesses. (Business Wire, 03/06/01)

W. Quinn Associates, Inc., a Reston-based provider of storage resource management software, has licensed its StorageCentral SRM software technology to Microsoft Corp. of Redmond, Wash. for use in real-time resource management of Windows 2000-based server appliances. (Press release, 03/05/01)

CyberElan, a Chantilly-based developer of business-to-business security solutions, is now Evincible. The name change comes fourteen months after CyberElan’s founding in an effort to more closely reflect its mission. The company will continue to deliver scalable and comprehensive policy-centric security solutions. (PR Newswire, 03/02/01)

Capital One Financial Corp., a Falls Church-based holding company specializing in consumer lending products, announced the conclusion of a direct marketing test relationship with Sprint PCS begun in August 2000 when Capital One began generating Sprint PCS customer accounts. After evaluation of the test phase, it was determined that rates of return did not compare favorably to other investment opportunities. (PR Newswire, 03/01/01)

The Tides Resort in Irvington has partnered with Sedona Resort Management, a Sedona, Ariz.-based resort management company, to take over operations at The Tides Resort. Plans include streamlining of operations and planning for a capital improvement and expansion program. (Press release, 02/27/01)

Shenandoah Personal Communications Co., a subsidiary of Harrisonburg-based Shenandoah Telecommunications Co., will manage local service and the newest Sprint PCS stores in Harrisburg and York, Pa. (Press release, 02/26/01)

webMethods Inc., a Fairfax-based provider of business-to-business integration solutions, will provide technology to Cisco Systems Inc., a San-Jose, Calif.-based provider of networking solutions for the Internet, for a business integration platform enabling real-time exchange of inventory and product request information. (Business Wire, 02/26/01)

Star Scientific Inc., a Chester-based tobacco company, announced the execution of a letter of understanding with Brown & Williamson Tobacco Corp. of Louisville, Ky. outlining B&W’s intent to purchase very low-TSNA StarCure™ leaf tobacco from Star Scientific over the next three years. (Business Wire, 02/26/01)

Dan River Inc., a Danville-based textile manufacturer, and Group Industrial Zaga of Mexico City have terminated their joint venture to manufacture textiles and apparel in Mexico. Dan River decided not to relocate a portion of its textile operation, including approximately 275 looms and related equipment, to Mexico. (Business Wire, 02/23/01)

Expansions
Philip Morris USA, a Richmond-based diversified cigarette-manufacturing company, plans to hire 200 people at its Richmond cigarette plant in order to reduce overtime and help maintain eight-hour, five-day-a-week shifts. The first hires are targeted for late May to early June. (The Richmond Times-Dispatch, 03/20/01)

Southern Trust Mortgage Company, a privately owned home-mortgage company, has moved its corporate headquarters and primary Hampton Roads loan office from Virginia Beach to Norfolk. (Press release, 03/20/01)

Network Storage Solutions, a Chantilly based provider of high-performance network-attached storage, has opened new offices in San Francisco, Los Angeles, Dallas, Chicago, Atlanta, Boston and Knoxville, Tenn. The additional offices will enable the company to accelerate its sales growth in enterprise and mid-market data storage and customer service. (Press release, 03/19/01)

New Skies Satellites N. V., a satellite-communications company headquartered in The Hague, The Netherlands, is investing $6 million in new infrastructure to upgrade its mediaport in Prince William County. The mediaport handles Internet and video traffic from the company's satellites, which serve more than 150 companies and organizations worldwide. (Press release, 03/14/01)

webMethods, Inc., a Fairfax-based provider of integration software solutions, has expanded its operations to Hong Kong and Korea. (Business Wire, 03/14/01)

Optical Cable Corp., a Roanoke-based producer of fiber-optic cable, plans to add 90 to 120 employees this fiscal year as it increases production to fill orders. (The Roanoke Times, 03/14/01)

Comsearch, a Reston-based provider of engineering services and software support to wireless operators, has opened a new Southeast-Asian office outside of Sydney, Australia. (Press release, 03/13/01)

Arthur Andersen LLP, a Fairfax-based provider of accounting, consultant and tax services, will expand its operations in the Tycon Towers complex in Fairfax County. The expansion will cost $11.5 million and create 400 new jobs. (Press release, 03/07/01)

Technicolor Optical Media Services, a Greene County manufacturer of audio and video discs owned by Thomson Multimedia of France, plans to move its optical media services operation and approximately 400 of the company’s 795 full-time employees to the Comdial building in Albemarle County; along with 1,000 temporary workers. The company’s replication and printing services will remain in Greene County; future expansion plans there are uncertain. (The Daily Progress of Charlottesville, 03/08/01)

Friedman, Billings, Ramsey Group Inc., an Arlington-based holding company for investment banking, institutional brokerage and specialized asset management, will open a new office in New York City, adding to its 12 offices across the U.S. and overseas. The firm plans to hire 10-15 new analysts, investment bankers, sales professionals and sales traders for the New York office. (PR Newswire, 03/08/01)

Huntsinger & Jeffer, a Richmond based direct marketing firm, has opened a new facility in Sarasota, Fla. Executive vice-president Mary Richardson will manage and operate the new office. (Press release, 03/05/01)

Creasy Woolfolk Concepts, a Richmond-based advertising agency whose clients include companies in the fast food, retail and automotive industries, is creating a Media Services to offer market research and analysis, image positioning, industry research and sales training. (Press release, 03/05/01)

CCL Container, Tube Division will expand its Harrisonburg manufacturing facility. The $5.5 million project will create 48 new area jobs. A division of Toronto-based CCL Industries, The Harrisonburg facility currently has over 400 employees. (Press release, 03/05/01)

Kansas-based International Cold Storage will move its existing operations from Albemarle County to Nelson County, investing $3.02 million in a new facility being built in Colleen Business Park. The expansion will create 74 new jobs and retain 73 existing positions. (Press release, 02/23/01)

Trex Co. Inc., a Winchester-based manufacturer of non-wood decking, has selected a site near Knoxville, Tenn. for its newest plant. The new facility will be the largest of its three sites and employ more than 160 people. The new plant is part of Trex’s long-range expansion plans to meet demand for Trex® Easy Care Decking®. (Business Wire, 02/20/01)

VIMCO Inc. a Richmond-based manufacturer of solar shading control systems, will construct a new manufacturing facility in Hanover County. The $6 million project will create 105 new jobs and retain the 45 positions at the company’s Henrico County facility. VIMCO Inc. is a subsidiary of Coopersburg, Pa.-based Lutron Electronics Co. Inc. (Press release, 02/14/01)

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Harry G. Hobbs, president and COO, PSINet Inc., an Ashburn-based provider of Internet and IT solutions. (Press release, 03/10/01)

Lisa Hook, president of AOL Mobile, America Online, a Dulles-based interactive services company. (Business Wire, 03/16/01)

Jeffrey Kaczka, senior vice president and CFO, Owens & Minor, a Richmond-based distributor of medical and surgical supplies. (PR Newswire, 03/15/01)

Michael Ferzacca, CEO, Simplexity, a Herdon-based Web company which runs a comparison-shopping site for telecommunications services. (The Washington Post, 03/14/01)

Peter T. Garahan, vice chairman and CFO, Teligent, a broadband communications company headquartered in Vienna. (Business Wire, 03/09/01)

Robert Friedman, president of AOLTV, America Online, a Dulles-based interactive services company. (Business Wire, 03/08/01)

Geoffrey Axton, president and CEO, CyBiz Inc., a Reston-based provider of e-procurement services. (PR Newswire, 03/06/01)

C.R. Waldron, CFO, NetCom Solutions International Inc., a designer and provider of networking systems headquartered in Chantilly. (Business Wire, 02/28/01)

John Suddarth, COO, AMF Bowling, a Richmond-based operator of bowling centers and manufacturer of bowling products. (PR Newswire, 02/26/01)

Bryce Blair, president and CEO, Avalon Bay Communities, a real estate investment trust headquartered in Alexandria. (Business Wire, 02/26/01)

Tim Naughton, COO, Avalon Bay Communities, a real estate investment trust headquartered in Alexandria. (Business Wire, 02/26/01)

Joseph J. Cattaneo, president, Clarion Management Resources Inc., an Alexandria-based management firm providing resources to trade associations and professional societies. (Press release, 02/26/01)

Scott Yancey, CFO, WorldStar, a Fairfax-based provider of stat storage management solutions. (Business Wire, 02/26/01)

Richard Bell, CEO, The Adams Companies, a commercial real estate firm headquartered in Winchester. (Press release, 02/26/01)

Jerry H. Godwin, president, Hog Production Group, Smithfield Foods Inc., a pork processor and hog producer headquartered in Smithfield. (PR Newswire, 02/23/01)

Melvin F. Reed, CFO, RS Information Systems, a McLean-based information and technology and engineering firm. (Business Wire, 02/22/01)

Steven Shedd, senior vice president and CFO, KeyBridge Corp., a Reston-based provider of Internet infrastructure services. (Business Wire, 02/22/01)

Williams Spears, CEO (formerly co-CEO), SyCoNet.com, a specialty retailer of Japanese animation headquartered in Vienna. (Business Wire, 02/22/01)

Tom Stroup, CEO, GroupServe, an Arlington-based provider of wireless-enabled Internet-based groupware applications. (Business Wire, 02/21/01)

Karl Spangenberg, president and CEO, Lightningcast, an Alexandria-based provider of advertising technology for Web sites. (The Washington Post, 02/21/01)

Brandywine Realty Trust has concluded an agreement to exchange all of its Northern Virginia assets for all of the assets held by Prentiss Properties Trust in Pennsylvania, Delaware and New Jersey. Brandywine's Northern Virginia portfolio is valued at $132 while the Prentiss portfolio is valued at $220 million, the difference to be paid by Brandywine in secured debt and cash. (Press release, 03/16/01)

Newport News Shipbuilding and Drydock Co., a Newport News-based shipbuilder, purchased 182 Enterprise Drive, Newport News for $2.1 million. The 66,140 sq. ft. building was previously owned by Montgomery KONE, an Illinois-based escalator manufacturer. The building will be used by a company subsidiary, Newport News Inc. Advantis Real Estate Services and Harvey Lindsay NAI represented the buyer and seller. (Press release, 02/26/01)

Comdial Corp., Charlottesville-based provider of communications solutions for voice and data technologies, has sold its Charlottesville manufacturing facility to Seminole Trail Properties LLC for $11.4 million. Comdial has leased back approximately 100,000 sq. ft. for assembly work, warehousing and office space. (Press release, 03/09/01)

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Outtask, an Alexandria-based business-services provider for rapid-growth and new-economy enterprises, has closed its second round of funding at $5.5 million from investors including divine, Walden VC and individuals. Funding will be used to develop and expand its sales infrastructure and double its sales staff. Outtask currently employs 85 people in eight regional offices. (VentureWire, 03/20/01)

BIA Digital Partners LP, a Chantilly based investment group focusing on telecommunications and media, has received its first $20 million in equity capital. By summer, the firm's goal is to raise another $20 to $40 million in capital and to acquire a Small Business Investment Company (SBIC) license. (The Washington Post, 03/16/01)

CyberCash, Inc., a Reston-based provider of electronic-payment technologies and services, plans to voluntarily delist its common stock from the Nasdaq Stock Market in order for the shares to be eligible for trading on the Over the Counter Bulletin Board. (PR Newswire, 03/16/01)

Nextel International Inc., a global wireless telecommunications company based in Reston, has pulled its planned initial public offering of stock citing weak market conditions. (The Washington Post, 03/15/01)

RateIntegration Inc., a McLean-based software company, has closed its second round of funding. Led by JT Ventures and including Windspeed Ventures, the round brings total funding to date to $8 million. (Press release, 03/13/01)

Cornerstone Realty Income Trust, Inc., headquartered in Richmond, has issued a tender offer of either two common shares or one common share and $12.25 in cash for each preferred share tendered. The offer will expire at 5:00 p.m. New York City time on April 12, 2001 unless extended. (Business Wire, 03/13/01)

Network Mantra, a Fairfax-based developer of network-configuration management software, has closed its first round of funding at less than $10 million, led by Gabriel Venture Partners. The funding will be used for product development, sales and marketing. (VentureWire, 03/13/01)

ViewGate Networks, a, Alexandria-based provider of Internet Protocol service measurement software, has secured $20 million in second round financing led by Advent Venture Partners, a United Kingdom venture capital firm. Funding will be used to further develop ViewGate's Inteligo™ suite of software. (Business Wire, 03/07/01)

Smithfield Foods, Inc., a hog production and processed-meats company based in Smithfield, has increased its share repurchase authorization to 8 million shares from 4 million with the approval of its board of directors. (PR Newswire, 02/26/01)

Yellowbrix, Inc., an Alexandria-based provider of content-management technology, has completed the sale of $8 million of Series C Preferred Stock to Quantum Industrial Partners, a Soros-backed venture fund. (Business Wire, 02/21/01)

Metrocall, Inc., a wireless-data and messaging company based in Alexandria, has had its common stock listing transferred from the Nasdaq National Market to Nasdaq SmallCap Market. (PR Newswire, 02/23/01)

First Community Bancshares, Inc., a Bluefield-based financial institution, has been approved for a listing on the Nasdaq SmallCap Market. (Business Wire, 02/23/01)

Digital Atoms Inc., a Reston-based provider of business intelligence software, has acquired $2.5 million in private funding from undisclosed investors. (The Washington Post, 02/20/01)

Savvis Communications Corp., a Herndon-based provider of data-networking services, has received a $20 million investment form Welsh, Carson, Anderson and Stowe, a New-York private equity investment firm. (The Washington Post, 02/20/01)

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Chesapeake Corporation, a packaging company headquartered in Richmond, announced the completion of its five percent stake in Georgia-Pacific Tissue, LLC, a commercial and industrial tissue business, to Georgia-Pacific Corporation for $237 million. The joint venture between Chesapeake and Georgia-Pacific Tissue created in 1999 will be terminated. (Business Wire, 03/02/01)

Lee Technologies Group, a Fairfax-based provider of data-center environmental products and services, has been awarded a 10-year, $13 million federal contract to monitor technical aspects of mission-critical data-center equipment, including generators, power supplies and fire suppression systems. Oversight will be performed through a monitoring system at the client site connected to Lee Technologies' National Operations Center. (PR Newswire, 03/20/01)

Convera, a Vienna-based provider of solutions for management of digital content, has been selected by the U.S. Geological Survey to supply digital-content management services for its archive of scientific video. (Business Wire, 03/20/01)

Centennial Contractors Enterprises Inc., headquartered in Vienna, has received a $5.3 million task order under an existing multiple-award construction contract to repair the F/A 18 parking apron at the Oceana Naval Air Station in Virginia Beach. Work is to be completed by December 2001. (Press release, 03/19/01)

Orbital Sciences Corporation, a Dulles-based manufacturer of low-cost space systems, has been awarded a $56 million contract by the National Space Program Office of Taiwan, Republic of China, for the design and development of the republic's weather satellite system, a collection of six remote sensing microsatellites. (Press release, 03/16/01)

GreenTech, Inc., a Richmond-based manufacturer of natural turf systems for sports and landscaping application, has been awarded a contract by Michigan State University to install the GreenTech ITM natural-grass sports-field system in Spartan Stadium for the 2002 football season. (Press release, 03/15/01)

Maximus, a Reston-based provider of workforce development services to state and local governments, has been awarded a 17-month contract extension by San Diego County, Calif. valued at more than $7.3 million to provide welfare-to-work services in the South County region. (Press release, 03/13/01)

Hankins and Anderson PC, a Richmond-based engineering firm, was awarded a $1 million U.S. Department of State contract for professional electrical engineering services at foreign embassies worldwide with four option years not exceeding $5 million. (Press release, 03/07/01)

Logicon, a Herndon-based provider of information technologies, will provide computer operations and software programming services to the U.S. Air Force Weather Agency at Offutt Air Force Base, Neb. The contract is valued at $13 million over five years. (PR Newswire, 03/07/01) The company will also provide network, programming and engineering services to Vought Aircraft Industries of Dallas under a contract valued at $107 million for the first two years. (PR Newswire, 03/01/01)

Teleglobe, a Reston-based provider of global communications and e-business services concluded an agreement to provide Telecom Italia with a comprehensive array of broadband and hosting services for an estimated $150 million. (Business Wire, 03/06/01)

Infodata, a Fairfax-based provider of Web-based content management and e-business solutions, has received a $26 million contract from an unnamed U.S. Government Agency to design, implement, deploy and support a complex content management system to automate the publishing of information on the Web. (PR Newswire, 02/27/01)

Cutbacks & Closings
Xpedior Inc., a Chicago consulting firm 80 percent owned by Ashburn-based PSINet Inc., announced plans to lay off 300 workers, about a third of them in its Alexandria office. Xpedior will cut 42 percent of its staff by closing offices in New York, Dallas, San Jose and Denver as well as laying off workers in its Chicago headquarters and Alexandria, which will lose about 100 of its nearly 200 employees. (The Washington Post, 03/20/01)

Global One, a Reston-based and wholly owned subsidiary of France Telecom, will lay off 100 employees in coming weeks, most of whom work in its Reston headquarters. Global One offers international telephone and data-communications services to businesses. (The Washington Post, 03/20/01)

Ethyl Corp., a Richmond-based manufacturer of chemical additives for fuels and lubricants, has eliminated 40 positions in Richmond and offered early retirement to 128 employees are eligible for early retirement. (The Richmond Times-Dispatch, 03/13/01)

Pulaski Furniture, a Pulaski-based furniture manufacturer, laid off 36 employees at its Pulaski plant because of a slowdown in sales of curio cabinets. (The Roanoke Times, 03/09/01)

Standard Register Co., a Dayton, Ohio-based designer and manufacturer of business forms, announced it will close its Franklin County production facility by May 1, affecting approximately 140 employees. (The Roanoke Times, 03/06/01)

CyberCash Inc., a Reston-based developer and provider of Internet payment software and services, filed for Chapter 11 bankruptcy protection and plans to liquidate. McLean-based Network 1, a network security software firm, will attempt to purchase the operational assets for $8 million. (The Washington Post, 03/04/01)

Circuit City Stores Inc., a Richmond-based consumer electronics retailer, laid off 275 employees at its corporate headquarters in Richmond and an additional 25 jobs at divisional offices in the first major job cut in the firm’s 52-year history. (The Richmond Times-Dispatch, 03/01/01)

The Spiegel Group, a Chicago-based specialty retailer, announced 40 programmers would be laid off at its Hampton Roads offices as it consolidates the company’s nationwide computer operations to the Chicago area. About one-third of those laid off are expected to be offered positions in Chicago. (The Newport News Daily Press, 02/28/01)

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