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• Snow Closings
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Business BrowserBy Bill Freehling
Clear a path for propane trucks Feb. 10, 2010 10:23 am
I just got the following news release from Tammy Balch, corporate marketing director for Fredericksburg-based Quarles Petroleum Inc. She gives advice to customers awaiting a propane delivery: Help Quarles heat your home quicker! Quarles Energy Services team is working hard to deliver propane and oilheat to your home. Customers can help our drivers by providing a 9-foot-wide clearance for the delivery trucks to reach your home and fill your tank with fuel. Also, please help our service crews locate any underground propane or oilheat tank by marking or clearing around them. Quarles thanks you for your patience and your business during this unusually tough winter.
Perma-link: http://www.fredericksburg.com/blogs/view?blogger_id=22&p=1265815433
Tags: Propane
Don't forget to shovel out fire hydrants Feb. 8, 2010 11:09 am
I just got the following message from Mark Stone, Stafford County's fire and rescue public information officer, asking people to shovel out the fire hydrants on their streets: The Stafford County Fire and Rescue Department asks the community for assistance in clearing snow from around fire hydrants in their neighborhood. We realize that residents are busy at work "digging out" from the storm, clearing driveways and sidewalks to simply gain access to vehicles and doorways. While doing so, we ask that you take time to clear snow from nearby fire hydrants as well. The large amount of snow accumulation, combined with the after-effects of plowing roads and parking lots has left many local fire hydrants partially or completely buried in snow. This of course creates a challenge for responding firefighters. Critical moments can be lost if time is needed to clear and expose hydrants for water accessibility to responding apparatus. "We ask that residents safely venture out and assess the hydrants in their community, and shovel an area of at least three feet from all sides." said Stafford County Fire and Rescue Chief Rob Brown. "This is a great opportunity to get the kids involved in a valuable community service". If hydrant locations are unknown due to the depth of the snow, residents are asked to contact their local fire and rescue station for assistance in locating them. A list if Stafford County Fire and Rescue stations can be found at http://www.staffordfirerescue.com/content/station/. In addition to blocked fire hydrants, the lingering snow presents additional hazards, including prolonged icy roads due to thaw and freeze cycles, as well as the potential for structure collapse due to the added weight to roofs.
Perma-link: http://www.fredericksburg.com/blogs/view?blogger_id=22&p=1265645394
Tags: Snow
Las Palmas Cafe set to move into University Cafe location Feb. 7, 2010 3:06 pm
We'll have more on this later.
Perma-link: http://www.fredericksburg.com/blogs/view?blogger_id=22&p=1265573210
Tags: Downtown
Book review: Scott Patterson's "The Quants" Feb. 7, 2010 8:58 am
Patterson is a Wall Street Journal reporter whose book describes the massive growth of quantitative-focused hedge funds last decade. The funds were led by mathematical geniuses trained at the country's elite universities. Patterson focuses on four "quants"--Peter Muller, Ken Griffin, Cliff Asness and Boaz Weinstein. Each brought to his fund a mathematical approach that for a time proved wildly successful. Until it didn't. The quants built their models on past market data. Much of the philosophy behind their models was based on the efficient-market theory, which suggests that market prices are almost always correct. Their methods were based on finding small price inefficiencies, making big bets with borrowed money and waiting until prices moved to "correct" levels, thus generating huge profits for their funds. Their fatal flaw was in looking at the market as an entirely rational entity rather than one occasionally swept away by human emotions. As panic selling set in after the collapse of the subprime housing market in 2007, their models broke down. Click here to read the rest of this week's Business Browser column.
Perma-link: http://www.fredericksburg.com/blogs/view?blogger_id=22&p=1265551132
Tags: Book reviews
Hhgregg's aggressive growth plans featured in WSJ Feb. 5, 2010 12:08 pm
The aggressive growth plans of Indianapolis-based appliance and electronics retailer hhgregg were featured in an article in today's Wall Street Journal. Hhgregg is in the process of revamping a 33,000-square-foot building in Fredericksburg's Central Park that used to be home to Circuit City. The retailer has been expanding into numerous former Circuit City stores and is poised to become a nationwide competitor to Best Buy, according to the Journal article, which also goes into hhgregg's policies on paying sales commissions and allowing customers to haggle on prices.
Perma-link: http://www.fredericksburg.com/blogs/view?blogger_id=22&p=1265389696
Tags: hhgregg
Keep those natural gas meters free of snow and ice! Feb. 5, 2010 9:59 am
Perma-link: http://www.fredericksburg.com/blogs/view?blogger_id=22&p=1265381992
Tags: Natural gas
Luxury apartment complex proposed for Celebrate Virginia South Feb. 4, 2010 5:32 pm
The artist rendering that goes with this post is based on a previous Haven community. The developers anticipate some differences at the Fredericksburg community.
Perma-link: http://www.fredericksburg.com/blogs/view?blogger_id=22&p=1265322773
Tags: Celebrate Virginia
Feb. 3, 2010 1:59 pm
The space that formerly held University Cafe in downtown Fredericksburg has a new tenant, said building owner Tommy Mitchell. He said he couldn't release the name of the business, but said it will be a restaurant that serves ethnic food and a coffeehouse. It should open sometime next month. University Cafe closed last month -- click here for details. One other note -- according to city deeds, the University of Mary Washington paid $3 million for the Country Cookin' property at Eagle Village that we wrote about here. See the FLS business section tomorrow for more on both these stories.
Perma-link: http://www.fredericksburg.com/blogs/view?blogger_id=22&p=1265223554
Tags: University Cafe
Feb. 2, 2010 2:31 pm Nick Perrine and Denise Short from the Fredericksburg office of PBGH were here today to take your questions on a wide variety of tax questions. Click here to see the transcript of the Web chat. Thanks, Nick and Denise!
Perma-link: http://www.fredericksburg.com/blogs/view?blogger_id=22&p=1265139074
Tags: Money Talk$
StellarOne results improve in fourth quarter Feb. 2, 2010 9:55 am StellarOne Corp. earned $546,000 in the fourth quarter as loan losses declined, the Charlottesville-based bank-holding company reported today. StellarOne has been stung by loan losses in the Smith Mountain Lake area of Virginia. It lost $9.4 million in the third quarter and $845,000 in the fourth quarter of 2008. For all of 2009, StellarOne Corp. lost $8.5 million. StellarOne Bank has six branches in the Fredericksburg region.
Perma-link: http://www.fredericksburg.com/blogs/view?blogger_id=22&p=1265122503
Tags: Banking
Kybecca closing shop by old Ukrop's store Feb. 1, 2010 5:36 pm Kybecca will close its wine store next to the now-closed area Ukrop's store March 2. The Kybecca store and wine bar in downtown Fredericksburg will continue normal operations, and all gift cards are still valid. Co-owner Rebecca Snyder said the decision to close the Spotsylvania County location resulted from the loss of traffic and "synergy" that Ukrop’s, which didn't sell alcohol, provided. Ukrop's closed Saturday, though the First Market Bank branch inside the store will remain open until March 22.
Perma-link: http://www.fredericksburg.com/blogs/view?blogger_id=22&p=1265063780
Tags: Kybecca
Chamber of Commerce hands out annual awards Feb. 1, 2010 2:25 pm
The Fredericksburg Regional Chamber of Commerce held its annual awards gala Friday. Below is a press release from the Chamber with the results. FREDERICKSBURG – The Fredericksburg Regional Chamber of Commerce honored area business owners for their entrepreneurial spirit and community commitment during its Jan. 29 annual awards banquet and gala. The Law Office of Walter J. Sheffield won the Business of the Year Award for a company with 15 or fewer employees. Mr. Sheffield and his long-time staff support a variety of causes and organizations including the Fredericksburg Area Museum and Cultural Center, the Fredericksburg Area Red Cross and the Historic Fredericksburg Foundation, Inc. Lockheed Martin took home the Business of the Year Award for a company with more than 15 employees. Lockheed Martin employs more than 300 people in the Fredericksburg Region and has long partnered with organizations such as the Rappahannock Council on Domestic Violence, the Rappahannock United Way and the King George County Department of Social Services to improve the region’s quality of life. Ken Falke, founder and president of A-T Solutions, Inc., accepted the Chamber’s Entrepreneur of the Year Award, which recognizes innovative business owners and individuals who spot a market niche and seize the opportunity to fill it. Mr. Falke and his wife launched the company from their living room a mere eight years ago, starting out with just four employees and one government contract. A-T Solutions now employs more than 400 people and generates more than $100 million in annual revenues. The company works closely with the departments of Defense, State, Justice and Homeland Security in sectors such as intelligence, global security and technology solutions. In addition, Mr. Falke founded the Wounded EOD Warrior Foundation to aid soldiers injured while attempting to defuse explosives in war zones. The Free Lance-Star Publishing Co., won the Chamber Community Service Award, which honors an organization or individual that goes above and beyond the call of duty in its service to the Fredericksburg Region. The company has given generously to the Rappahannock United Way’s annual campaign, the Fredericksburg Area Museum and Cultural Center, Friends of the Library, the Rappahannock Area YMCA and supported large community events such as the Bluemont concerts, The Soap Box Derby, The Great Train Race and the Marine Corps Historic Half-Marathon. Joe Rowe, publisher of The Free Lance-Star accepted the award on behalf of the company. Mary Katherine Greenlaw was the recipient of the Prince B. Woodard Leadership Award. Not only does she currently serve on Fredericksburg City Council, she has given her time and talents to the Fredericksburg Festival of the Arts, the Thurman Brisben Center, the Mental Health Association of Virginia, the Bragg Hill Family Life Center and the Sacred Dance Ensemble. Mrs. Greenlaw currently works as a commercial realtor with Thalhimer/Cushman & Wakefield.
Perma-link: http://www.fredericksburg.com/blogs/view?blogger_id=22&p=1265052338
Tags: Chamber of Commerce
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Contact This blog is on Fredericksburg-area business, as well as various topics in investing.
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SCOTT Patterson's fantastic new book 
Columbia Gas of Virginia is reminding customers to keep their natural gas meter and venting free from snow and ice. The equipment is designed to withstand winter weather, but there's always the chance that hard-packed snow or ice could temporarily stop the flow of natural gas. Customers are urged to clear their meters of snow, particularly the vents (which the pen in this photo is pointing toward). People shouldn't kick or hit natural gas meters to break away snow or ice.
South Carolina-based 
Bill Freehling is a business writer for The Free Lance-Star.
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