Archive: June 17, 2007 - June 23, 2007

Vargas Takes Over At Dulles Chamber

The Dulles Regional Chamber of Commerce announced last week that Raul Danny Vargas, founder and president of VARCom Solutions, a marketing and public relations consulting firm, would take over as the organization's chairman next month. Vargas succeeds Justin J. Exner, a partner at First Financial Mortgage Service, as chairman. He...

By Dan Beyers | June 22, 2007; 7:21 PM ET | Comments (0)

Gannett Invests In Cell Phone Ad Firm

The NYT's Dealbook blog reports that McLean media giant Gannett "led a $10 million fourth round of venture funding in mobile advertising company 4Info. 4Info, based in Palo Alto, lets people get news and other information via text messaging on their mobile phones. "Existing investors U.S. Venture Partners and Draper...

By Dan Beyers | June 22, 2007; 6:28 AM ET | Comments (0)

NASD Chief Announces A Name Change

There's a new name for the organization born from the merger of the brokerage industry's two main watchdogs, the NASD and the regulatory arm of the New York Stock Exchange. Introducing the "Securities Industry Regulatory Authority", or SIRA for short. Wall Street pushed for the consolidation to ease the burden...

By Dan Beyers | June 22, 2007; 6:03 AM ET | Comments (0)

Frist Aide Joins AOL

From the WSJ comes this item: The Dulles online giant named Amy Call senior director and spokesperson, in a newly created position in the corporate communications department. Call, 33, most recently served as communications director with Senate Majority Leader Bill Frist....

By Dan Beyers | June 22, 2007; 5:53 AM ET | Comments (0)

Executive Help

A pair of local companies are turning to seasoned veterans for some boardroom guidance. Former accounting exec Stephen Harlan is joining the board--and audit committee--at Sunrise Senior Living, a McLean company that has struggled recently with accounting issues. Harlan's arrival will boost the number of people on the board from...

By Dan Beyers | June 21, 2007; 6:59 PM ET | Comments (0)

CACI Names New CEO

Paul M. Confoni is taking over as chief executive at the Arlington company, which provides information technology and other services to government agencies. Confoni replaces J.P. (Jack) London starting July 1. London, who will remain executive chairman and chairman of the board, oversaw the company's rapid growth in recent years....

By Dan Beyers | June 21, 2007; 11:26 AM ET | Comments (0)

AES Reports Quarterly Loss

Arlington energy giant AES reported a loss in the first quarter after recording a charge of about $638 million from the sale of a Venezuelan subsidiary. The company said it lost $455 million (67 cents a share) in the three months ending March 31, compared with a year ago profit...

By Dan Beyers | June 21, 2007; 6:57 AM ET | Comments (0)

AOL Stays On The Sidelines

The WSJ reports that many Web broadcasters are turning off their music streams next Tuesday to "protest higher statutory royalty rates payable to artists. Some of the largest services, including Live 365 Inc., Pandora Media Inc. and Yahoo Inc.'s Yahoo Music, are participating in the blackout, which organizer Kurt Hanson...

By Dan Beyers | June 21, 2007; 6:42 AM ET | Comments (0)

WGL To Outsource 300 Jobs

Washington Gas Light Co. plans to pay Accenture $350 million over 10 years to provide various back office functions such as human resource, information technology, consumer service and finance operations. The contract will allow WGL to do away with 300 positions, 50 of which are currently vacant. "The remaining employees...

By Dan Beyers | June 20, 2007; 1:48 PM ET | Comments (0)

SRA International to Buy Health Consulting Firm

SRA International, a Fairfax-based provider of information technology and strategic consulting services, announced today that it will acquire global health consultant Constella Group, a privately-held provider of global health consulting services. The purchase price was not disclosed, and the companies said in a statement that they expect the deal...

By Mike Shepard | June 20, 2007; 11:42 AM ET | Comments (0)

AOL Pitches Travel Site

AOL is launching a test, or beta, version of what it is calling AOL Travel Guides. The Dulles company said the new site is "an online resource that provides detailed information on more than 1,900 national and international locations and over 100,000 hotels. Also available through AOL® Travel (http://travel.aol.com), Travel...

By Dan Beyers | June 20, 2007; 7:34 AM ET | Comments (0)

Hotel Takeovers?

The WSJ has a piece quoting analysts saying they expect the market to remain hot for hotel company buyouts, which could make for an interesting summer in the Washington area, where we are home to several large operators. "So far this year, five publicly traded hotel companies in the U.S....

By Dan Beyers | June 20, 2007; 7:20 AM ET | Comments (0)

Geico Launches Motorcycle Site

The insurance giant recently has been making a push for business from motorcycle riders. Now it is launching a Web site for bikers called mygreatrides.com. The company said the site allows registered users to "create personalized profile pages to discuss the great rides they've taken and post photos of their...

By Dan Beyers | June 19, 2007; 2:23 PM ET | Comments (0)

MedImmune Founder Steps Down

MedImmune founder Wayne T. Hockmeyer steps down as chairman as AstraZeneca competes its tender offer for the Gaithersburg biotech firm. He's also retiring as president of MedImmune Ventures, Inc. In a statement, Hockmeyer said: "I am honored to have been a part of building one of the most successful biotechnology...

By Dan Beyers | June 19, 2007; 1:49 PM ET | Comments (0)

Foodservice Deal Clears More Hurdles

The sale of Columbia-based U.S. Foodservice to a pair of private equity firms cleared another hurdle today. Shareholders of the food distributor's parent company, Netherlands-based grocery chain Royal Ahold, approved the sale of U.S. Foodservice to funds operated by Clayton Dubilier & Rice and Kohlberg Kravis Roberts for $7.1 billion,...

By Dan Beyers | June 19, 2007; 11:27 AM ET | Comments (0)

Dan Snyder's American Bandstand

The Redskin owner's RedZone Capital buys dick clark productions for $175 million. Six Flags takes a 40 percent stake. ''The purchase includes The American Music Awards, The Golden Globes, The Academy of Country Music Awards, Dick Clark's New Year's Rockin' Eve, and 10,000 hours of contemporary live music performances, including...

By Dan Beyers | June 19, 2007; 8:23 AM ET | Comments (0)

Teleworking Update

Steve Barr writes in his Federal Diary column that 6.6 percent of the federal workforce is now regularly working remotely by computer, according to this new report by the Office of Personnel Management. Steve says the recent run-up in gas prices has prompted a new round of interest in at-home...

By Dan Beyers | June 19, 2007; 8:02 AM ET | Comments (0)

Glossy Gannett

Gannett is drawing up plans to produce a glossy magazine for USA Today, according to Ad Age. The idea is to "capture ad dollars from beauty, fashion and other lifestyle advertisers who may be happier to spend money if their ads appear on thick, glossy pages." USA Today is "planning...

By Dan Beyers | June 19, 2007; 7:38 AM ET | Comments (0)

About This Blog

The WashBiz Blog is produced by the Washington Post's local business staff. Here is where you will find breaking news about the region's business community and links to extra content to supplement our daily newspaper report. We welcome your feedback....

By washingtonpost.com Editors | June 18, 2007; 8:16 PM ET | Comments (0)

 
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