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 posted a loss of $530 million for the period.

ZeniMax Media of Rockville, which runs the Bethesda Softworks studio, is opening another studio. This one, based in Hunt Valley, Md., will focus on "massively multiplayer" games to be played in online worlds.

EduCap, a student lender, laid off dozens of workers in its Sterling office yesterday and is considering shutting its loan business as federal officials investigate it, current and former employees told The Post. See story

A jury ruled that Triple Canopy, a private security firm based in Herndon, didn't wrongly fire two employees, but criticized the company's actions. See story

Koger Management Group, the real estate management firm under investigation by state and local authorities on suspicion of stealing as much as $2 million from homeowner associations in Northern Virginia, has filed for bankruptcy protection.

And the Maryland Court of Special Appeals granted Prince George's County's requested to stay a ruling that it pay $2million to its hospital system.

By Terri Rupar  |  August 2, 2007; 5:00 AM ET  | Category:  Morning Brief
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