Virginia Businesses in the News


Divestitures

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For the Record is compiled from company releases, business journals and newspaper reports from around the state. If you have an item for these listings: • Mail it to: For the Record Virginia Business Magazine P.O. Box 85333 Richmond, VA 23293 • E-mail it to ForTheRecord@va-business.com • Fax it to (804) 649-6311

Circuit City Stores Inc., an electronics retailer based in Richmond, plans to sell its finance subsidiary to focus on its troubled stores. (08/14/03, Richmond Times-Dispatch)

GE Insurance of Richmond, a global family of insurance and reinsurance businesses, plans to sell Financial Guaranty Insurance Co. to a group of investors led by The PMI Group, for approximately $2.16 billion. (08/04/03, Business Wire)