Early Briefing 08.24.07

Carlyle Group of the District, its private-equity partners and Home Depot appeared to still be negotiating over a deal for HD Supply. The official deadline was extended last week to Thursday night. The deal could go through at the original $10.3 billion price, Home Depot could accept less for its wholesale distribution unit or it could fall apart.

* The company in charge of selling the assets of Vienna start-up SunRocket, which closed its doors last month, sued Vonage. The voice-over-Internet-protocol company is accused of of obtaining and using a customer list without permission. See story.

* The Prince George's Community Foundation approved new guides for grants financed by Milt Peterson, the developer of the National Harbor project, that call for applicants to be tax-exempt non-profits under the Section 501(c)(3) of the Internal Revenue Service code or be in partnership with such a group. The Maryland state prosecutor's office is looking into the program. See story

* Saturday is slated to be hot - and it's also set to be the first day of the temporary Eastern Market, across the street from the building that burned. Fourteen of the 15 tenants who were in the south hall of the market in late April, when the fire occurred, have agreed to move into the big white reinforced tent. See story

By Terri Rupar  |  August 24, 2007; 5:00 AM ET  | Category:  Morning Brief
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