Archive: July 29, 2007 - August 4, 2007

Markets Report on Washington Post Radio

Washington Business editor Michael Shepard talks with Victoria Jones about today's dip, coming at least partly from job numbers and mortgage lender troubles, and what might happen next week. Listen...

By Terri Rupar | August 3, 2007; 5:52 PM ET | Comments (0)

Scenes From the Scrum at Filene's Basement

It was game time this morning at Filene's Basement in Friendship Heights. The bargain basement department store's annual bridal sale is the Super Bowl of the wedding season. Dainty brides-to-be, their mothers, friends and bride's maids lined up 300 deep before 8 a.m. and rushed the doors like running backs....

By Mike Shepard | August 3, 2007; 2:38 PM ET | Comments (1)

Washington Post Co. Profit Slips 13 Percent

From the Associated Press The Washington Post Co. reported a 13 percent drop in quarterly earnings today, as declining revenue from its flagship paper continued to cancel out gains in the company's education unit. For the second quarter, the Washington-based company reported earnings of $68.6 million, or $7.19 per share,...

By Mike Shepard | August 3, 2007; 11:16 AM ET | Comments (2)

Early Briefing 08.03.07

The new venture from Steve Case, founder of Dulles-based AOL, is building an environmentally friendly resort in Costa Rica. Revolution Places is a unit of Revolution LLC of the District. See story The Sparrows Point steel plant east of Baltimore will be bought by a venture of Esmark, an Illinois-based...

By Terri Rupar | August 3, 2007; 5:00 AM ET | Comments (0)

Markets Report on Washington Post Radio

Washington Business Editor Mike Shepard talks with Hilary Howard and Bob Kur about today's positive swing for the markets and Mikhail Gorbachev's new gig. Listen...

By Terri Rupar | August 2, 2007; 6:27 PM ET | Comments (0)

Marriott Expands Share Buyback Program

Marriott International said today the company expanded its stock buyback program by 40 million shares. The Bethesda company now plans to repurchase up to 51 million of the 403.8 million shares outstanding. Since 2002, Marriott has repurchased 181 million shares for about $5.6 billion, the company said in a statement....

By Mike Shepard | August 2, 2007; 1:53 PM ET | Comments (0)

Early Briefing 08.02.07

Time Warner released its quarterly earnings yesterday, and with it news that Dulles-based AOL continued to lose subscribers and that its advertising growth slowed. See story In other earnings news, Dominion Resources of Richmond's second-quarter earnings were hurt by costs related to the sale of oil and natural-gas assets. It...

By Terri Rupar | August 2, 2007; 5:00 AM ET | Comments (0)

Markets Report on Washington Post Radio

Reporter Thomas Heath discusses today's back-and-forth market activity and the deal for Wall Street Journal parent Dow Jones with Victoria Jones. Listen...

By Terri Rupar | August 1, 2007; 5:44 PM ET | Comments (0)

Capitol Hill Veteran Joins Venable

Washington law firm Venable LLP has hired Capitol Hill veteran Craig Metz as a partner in its government-relations unit. Metz has worked for the past five years as head of government affairs for EMC Corp., a Boston-based technology company. In his new role at Venable, he will continue to represent...

By Mike Shepard | August 1, 2007; 3:19 PM ET | Comments (0)

Early Briefing 08.01.07

A federal judge dismissed some charges against current and former members of Fannie Mae's board. See story The Montgomery County Council repealed an increase in parking fees. The repeal was proposed because businesses said they would be unfairly affected. See story Local farmers are worried about the effects of the...

By Terri Rupar | August 1, 2007; 5:00 AM ET | Comments (0)

Markets Report on Washington Post Radio

U.S. stock markets slumped again today on investors' worries about subprime mortgages. Washington Business editor Mike Shepard discusses the day's numbers with Washington Post Radio's Bob Kur and Hilary Howard. Listen...

By Terri Rupar | July 31, 2007; 6:24 PM ET | Comments (0)

Coventry Heath Care's Profit Up Almost 12 Percent

From the Associated Press: Bethesda-based Coventry Health Care Inc. said Tuesday its second-quarter profit rose 11.7 percent on an increase in managed care premiums. The health insurer earned $151.3 million, or 96 cents per share, compared with profit of $135.5 million, or 84 cents per share, during the same period...

By Mike Shepard | July 31, 2007; 10:25 AM ET | Comments (0)

Stocks Jump in First Hour of Trading

From the Associated Press: Stocks surged Tuesday, lifting the Dow Jones industrial average more than 120 points as strong earnings from General Motors Corp. and Sun Microsystems Inc. helped Wall Street extend its recovery from last week's plunge. Investors were also eager to buy back into the stock market after...

By Mike Shepard | July 31, 2007; 10:22 AM ET | Comments (0)

Morning Brief 07.31.2007

Constellation Energy of Baltimore files plans to build nuclear plant, the first such petition in the United States in three decades. See story Comcast subscribers in Montgomery have been warned about an upcoming change to their cable agreements that limits their rights to take legal action against the cable provider....

By Mike Shepard | July 31, 2007; 10:10 AM ET | Comments (0)

Former Time Inc. Chief Discusses Dow Jones Offer

During a luncheon speech last week, Former Time Inc. editor-in-chief Norman Pearlstine -- now a senior advisor to the Carlyle Group -- was asked about the future of Dow Jones Co., publisher of the Wall Street Journal, which is weighing a $5 billion buyout offer from News Corp. Before joining...

By Mike Shepard | July 30, 2007; 5:24 PM ET | Comments (0)

 
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