Regions Hampton Roads

Hampton Roads—For the Record

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AmeriGroup Corp., a managed care provider for government health plans, laid off 80 workers, including 40 at its Virginia Beach headquarters, in a move to contain costs. The company also cut 165 positions that were already vacant. The move leaves the company with about 4,000 employees, including 1,000 in Virginia Beach. (The Virginian-Pilot)

St. Louis-based Anheuser-Busch has agreed to be sold to InBev NV for $52 billion. InBev intends to keep Anheuser-Busch’s 12 breweries, including one in Williamsburg, but it did not immediately disclose plans for three other Virginia properties, Busch Gardens Europe, Water Country USA and Kingsmill Resort and Spa. (Richmond Times Dispatch)

Barcelo Crestline Corp., a McLean-based hotel operator, bought 17 hotels in Virginia and North Carolina from Tidewater Hotels & Resorts Inc. Tom Lyons, of Tidewater, said he was making the move to diversify his portfolio and get out of the hotel business. Lyons is credited with changing the face of the Virginia Beach oceanfront from a collection of family-owned hotel properties to modern, name-brand operations. In a related deal, Apple REIT Eight Inc., a Richmond hotel owner, bought eight hotels that Lyons had substantial holdings in. (The Virginian-Pilot)

Chesapeake Hardwood Products Inc., a manufacturer of plywood products headquartered in Chesapeake, will close its plant and lay off 129 workers. The downturn in the housing market and pressures from plywood imports forced the decision. (The Virginian-Pilot)

The Daily Press of Newport News and the Richmond Times-Dispatch entered into a joint delivery agreement for reciprocal delivery of their publications to subscribers in several communities bordering their markets. Improved delivery and reduction of expenses were cited as major factors in the move. (Daily Press)

An order from the Chesapeake Circuit Court will keep assets of Financing Alternatives Inc. frozen for another year. The attorney general’s office sued FAI and its founder, George Christian, in 2007 over complaints that the company took money from customers for computers they never received. (The Virginian-Pilot)

Hanjin Shipping Co. Ltd. will transfer 13 of its 15 jobs from Chesapeake to Atlanta by mid-November. The Virginia office handles sales, customer service and operations for the South Korean company. Most of the employees will be offered a chance to relocate. The company is also moving jobs from offices in New York and Memphis, Tenn., to Atlanta, for economic considerations. (The Virginian-Pilot)

Harmony Hospitality of Virginia Beach bought 23 acres of land on Greenwich Road in Virginia Beach from Landmark Communications Inc. for $10.4 million. Harmony plans to develop a mixed-used complex of offices, apartments and a hotel at the site. (The Virginian-Pilot)

Orbital Sciences Corp., a Dulles-based developer of rocket and space systems, will invest $45 million for the assembly and testing of its Taurus II launch vehicle at the Mid-Atlantic Regional Spaceport at Wallops Island on the Eastern Shore. The project will mean 125 new jobs. The first Taurus II mission is planned for late 2010. (News release)

PLANIT, a Norfolk IT consulting services firm, will move its headquarters to Virginia Beach. The move was necessary because continued growth was hampering operations. (News release)

The Strategy Group, a Norfolk health services consulting firm, merged with Navvis Healthcare, a consulting firm based in St. Louis. Strategy Group will maintain its Norfolk location and name for now. (The Virginian-Pilot)


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