Business stories in Richmond

Oil prices experienced volatility as traders reacted to supply disruptions and potential peace talks between the U.S. and Iran. The situation in the Strait of Hormuz remains critical, affecting global oil output.

Jeff Weatherly, owner of the popular Richmond restaurant Palani Drive, is looking for a buyer as he approaches retirement. The eatery, known for its diverse menu including smoothies and vegetarian options, has been a local favorite since 1996.

A series of significant property transfers occurred in the Richmond area, with notable sales in Chesterfield, Henrico, and Richmond. The transactions reflect ongoing investment and development trends in the region.

A variety of new business licenses have been issued in Chesterfield, including retail, construction, and service-oriented companies. This influx reflects ongoing economic activity and growth in the region.

Jeff Weatherly, owner of the popular Palani Drive restaurant in Westhampton, is seeking a buyer as he approaches retirement after nearly 30 years in business. Known for its healthy menu options, the restaurant has become a local staple since its opening in 1996.

Heritage Golf Group is in the process of purchasing Independence Golf Club from Pros Inc., led by Giff Breed. The sale marks a significant transition for the club, which has been under Breed's ownership since 2013.

The Painted Tree's announcement of nationwide store closures and bankruptcy has left hundreds of small business owners scrambling to retrieve their inventory. Vendors are facing emotional and logistical challenges as they navigate the fallout from the sudden closure.

President Trump is considering a taxpayer-funded takeover of Spirit Airlines, which is currently in Chapter 11 bankruptcy. He aims to resell the airline once oil prices decrease, citing the potential to save jobs and the airline's valuable assets.

The Port of Virginia achieved its second-highest revenue year in 2025, totaling $877 million, despite challenges from the U.S.-China trade war. The port's diversification of trade partners has helped reduce reliance on any single market.

Ticketmaster is set to re-sell tickets for Harry Styles' concerts in New York City after identifying and canceling fraudulent purchases by scalpers. The company assures that legitimate ticket holders will not be affected and will have a chance to request tickets from April 30 to May 1.

U.S. stocks closed lower as concerns over the Middle East conflict overshadowed positive corporate earnings. The S&P 500 fell 0.63% as optimism faded following news of canceled peace talks with Iran.

Gas prices in the Greater Richmond region and across Virginia have seen a continued decline as crude oil prices have eased in recent days. Despite the drop, prices remain on the higher end compared to previous months.

Dynetics, a subsidiary of Leidos, has been awarded a $617 million contract to produce additional launchers for the IFPC Inc 2 air defense system. This contract is part of a larger effort to enhance the Army's capabilities against various aerial threats, with completion expected by November 2029.

Warner Bros. Discovery shareholders have overwhelmingly approved Paramount's $81 billion bid to acquire the company, which could significantly alter the media landscape. The deal, valued at nearly $111 billion including debt, is still subject to regulatory reviews before finalization.

Initial jobless claims increased by 6,000 to 214,000, indicating stability in the labor market despite economic uncertainties. Continuing claims also rose, suggesting a cautious hiring environment.

Warner Bros Discovery shareholders have approved a $110 billion merger with Paramount Skydance, despite concerns over executive compensation and industry impact. The deal, which is under regulatory scrutiny, could reshape the entertainment landscape by reducing major studios to four.

Any Restaurant Week favorites thus far? We went to Acacia on Tuesday, and would like to try one or two more places.

Wingstop is set to open a new restaurant in the Promenade Shops at 11645 W. Broad St. in Short Pump, taking over the space previously occupied by Umi Sushi Bistro. The new location is expected to open in June and is part of the chain's expansion in the Richmond area.

U.S. stocks rebounded as President Trump extended the Iran ceasefire indefinitely, following a request from Pakistan. The S&P 500 and Nasdaq saw significant gains, driven by strong earnings reports, despite ongoing geopolitical tensions.

The Trump administration has announced policy changes allowing non-traditional credit scores in mortgage applications, aiming to increase access to home loans. However, experts caution that high housing costs remain the primary barrier to homeownership.

RICHMOND, Va. April is a very special month for CBS 6 as WTVR-TV celebrates 78 years of broadcasting excellence. WTVR became the Souths First Television Station on April 22, 1948.The legacy CBS affiliate, which is now owned by the E. W. Scripps Company, was the first TV station granted a license so

According to the National Retail Federation, Americans are expected to spend $38 billion on Mothers Day this year, topping the previous record of $35.7 billion set in 2023. On average, consumers will spend $25 more per person than last year.Although just 45% of consumers say they plan to shop for je

I don’t want to go to triangle rock club or YMCA. Is there a business that has spa - like amenities with a sauna? In dire need.

United Airlines CEO Scott Kirby announced potential fare increases of 15% to 20% to counteract soaring jet fuel prices. Despite robust demand for premium travel, the airline's profit forecasts have fallen short of Wall Street expectations due to these rising costs.

Oil prices increased by 2% following reports of gunfire on container ships in the Strait of Hormuz and tensions between the U.S. and Iran. The situation escalated as Iran's Revolutionary Guards seized two vessels, impacting global oil supply routes.

Choices: hibachi Steakhouse —-OR—-Braizilian Steakhouse (churrascaria) Thank you.

Deeper Dive, an ice cream shop and bakery, is set to open in June at 16 E. Main St. in Monroe Ward, with Pi’s Coffee opening nearby this summer. Owner Joseph Gleeson aims to provide affordable treats in a vibrant area attracting foot traffic.

Peter Robinson is the new owner of Caring Transitions of Greater Richmond. (Images courtesy Peter Robinson) Eight years after it started in Richmond, a senior relocation and estate liquidation franchise is changing hands from one local to another. Peter Robinson recently purchased Caring Transitions

Sherwin Pilley, owner of C&P Baking Co., is moving her bakery from Shockoe Bottom to Regency mall due to increasing crime incidents. The decision comes after a year marked by break-ins, prompting concerns about safety in the area.

Sapporo USA is selling its Stone Brewing brand to Firestone Walker and Duvel Moortgat USA, while retaining the Richmond facility for U.S. production. This move is part of Sapporo's restructuring efforts in the U.S. market.