Early Briefing 08.28.07

* There's buying opportunities in the mortgage mess and recent stock market slide. Joe Robert, chairman and chief executive of the McLean investment firm J.E. Robert Cos., scooped up about $8 million of his firm's shares when Wall Street suddenly went south. The stock has since rebounded 25 percent. William Walton, chairman of Allied Capital, said his Washington business development company is preparing to take advantage of the drop in corporate debt markets by creating new lending products. Thomas Heath and David Cho write about these and other bargain hunters here.

* The owners of Fair Oaks Mall have submitted plans to expand the Fairfax County shopping center by nearly a third. See story.

* Washington Post Radio, the victim of low ratings, is going off the air next month. See story. In his blog, columnist Marc Fisher offers an inside peek at why the experiment failed.

* Some Latinos have launched an economic boycott of Prince William businesses to protest a county resolution that would deny many public services to illegal immigrants. The resolution also would empower police and others to question immigrants about their legal status and in some cases turn them over to federal authorities. See story.

* AAA Mid-Atlantic clarifies its stand on Virginia's steep fees for bad driving, saying it supports the penalties but is glad the state is addressing concerns from motorists who find them excessive. Not all AAA's members are happy with its position. See story.

* CBS News and washingtonpost.com have reached an agreement to share their online news resources.

By Dan Beyers  |  August 28, 2007; 6:39 AM ET
Previous: Thomas Heath on the Markets | Next: Carlyle Makes Second Loan to Troubled Affiliate


Please email us to report offensive comments.

WP radio item: "inside peak?" It should be "peek."

Posted by: tester | August 28, 2007 5:46 PM


Posted by: Dan Beyers | August 28, 2007 5:52 PM

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