Archive: September 9, 2007 - September 15, 2007

Inspections and Artists

Area projects are aiming to help low-income artists buy a home and a place to work. See story Just because a house is expensive and new doesn't mean the inspection won't find lots of flaws, a local inspector says. See story Foxhall Village and Hill House in the District are...

By Terri Rupar | September 15, 2007; 5:13 PM ET | Comments (0)

Interview With Gary Parsons and Nate Davis

The New York Times discusses the potential merger with Sirius with XM Chairman Gary Parsons and interim chief executive Nate Davis. They discuss the future of the merger, the reason for opposition to it and what happens if it doesn't go through. See story...

By Terri Rupar | September 15, 2007; 12:15 PM ET | Comments (0)

Early Briefing

Herndon closed down its day-laborer center. Dozens of workers walked about a mile and a half away to a path next to a park to look for work. The depressed housing market is leading to lower sales tax revenues for Maryland. See story U.S. commercial lender CapitalSource of Chevy Chase...

By Terri Rupar | September 15, 2007; 5:00 AM ET | Comments (0)

FBR Researchers Offer Bearish Take on Economy

Steve East, an economist at Arlington investment bank Friedman, Billings, Ramsey Group, says economists usually don't see a recession coming. But he says he sees one looming on the horizon. "I think that if you look at the lessons of history, combined with what's going on right now, you would...

By Mike Shepard | September 14, 2007; 6:57 PM ET | Comments (0)

Early Briefing

Metro General Manager John B. Catoe Jr. proposed the largest fare increases in agency history - and moments later, Metro's board of directors blocked discussion of the proposal. See story Maryland Gov. Martin O'Malley is considering proposing a cut in state property taxes and an expansion of a tax credit...

By Terri Rupar | September 14, 2007; 5:00 AM ET | Comments (0)

Redskins Are Just No. 2

That's according to Forbes's newest rankings of the richest NFL teams - which are also the richest teams in the world. The Dallas Cowboys are now first, with Forbes putting their value at $1.5 billion. The magazine says Daniel Snyder's Washington Redskins are worth $1.47 billion....

By Terri Rupar | September 13, 2007; 6:06 PM ET | Comments (0)

Sprint Settlement Approved

U.S. District Judge John Lungstrom preliminarily approved a settlement of a class-action lawsuit alleging that Sprint Nextel of Reston overcharged customers in passing a long a federally mandated phone service subsidy. He has scheduled a final hearing on the $30 million settlment for March 3. Under the deal, qualified customers...

By Terri Rupar | September 13, 2007; 4:21 PM ET | Comments (0)

Early Briefing

Freddie Mac is asking a bankruptcy court to order the transfer of paperwork for 4,457 mortgages from American Home Mortgage Investment, which is in bankruptcy protection. See the story. The Senate Appropriations Committee voted to end funding for General Dynamics to build a second prototype littoral combat ship. Under the...

By Terri Rupar | September 13, 2007; 5:00 AM ET | Comments (0)

Carlyle Holds Investors Meeting Amid Market Turmoil

The Carlyle Group opened its annual investors conference on Monday with some words of wisdom from Chairman Louis V. Gerstner, who urged the 1,000 attendees to take a long view on investing. Since 1973, there have been 268 financial crises around the world, Gerstner reminded the audience. He is the...

By Mike Shepard | September 12, 2007; 6:55 PM ET | Comments (0)

Environment Takes Its Place on Board's Agenda

For the past year, since taking over as president of the Greater Washington Board of Trade, Jim Dinegar has been on a listening tour of the region, meeting with business, government and educational leaders to find out what's on their minds. From those conversations, Dinegar says he has assembled a...

By Mike Shepard | September 12, 2007; 6:11 PM ET | Comments (0)

Middle Eastern Cable Channel Launches

A new channel aimed at the local Arab American community is now available to Cox Digital Cable customers in Fairfax County and Fredericksburg. The Middle Eastern Broadcasting Network started broadcasting earlier this month, offering 24-hour programming in both English and Arabic. Launched earlier this month, the channel's features include soap...

By Mike Shepard | September 12, 2007; 6:03 PM ET | Comments (0)

Early Briefing

The credit crunch could be having an effect on two local deals. The deal to build a hotel across from the D.C. Convention Center might not happen because of timing - interest rate and construction costs are up, and the hotel boom may be slowing. See story And columnist Steven...

By Terri Rupar | September 12, 2007; 5:00 AM ET | Comments (0)

Communications Chief Is Leaving Board of Trade

Marie L. Tibor, the head of communications for the Greater Washington Board of Trade, is leaving the group to lead public relations for an apartment and office building trade group. Tibor joined the Board of Trade in 1999 and has overseen communications during a transitional period for the 118-year-old business...

By Mike Shepard | September 11, 2007; 3:03 PM ET | Comments (0)

Nabi to Shift Headquarters to Rockville After Sale

Nabi Biopharmaceuticals, a maker of plasma products with research facilities in Maryland, announced today the sale of its main operations in Boca Raton, Fla., to German drug manufacturer Biotest AG for $185 million. See Nabi's statement Once the transaction is completed, Nabi said it plans to move its headquarters from...

By Mike Shepard | September 11, 2007; 2:28 PM ET | Comments (0)

In Tuesday's Paper

Sunrise Senior Living named a new chief financial officer and added a shareholder's representative to ita board to settle a lawsuit. The moves come as the McLean company, which operates assisted and independent living facilities in North America and Europe, prepares itself for a possible sale. See story. NTP, an...

By Mike Shepard | September 11, 2007; 10:14 AM ET | Comments (0)

In Monday's Paper

In Monday's Washington Business, we meet some executives who are in the second (and sometimes third) act of their careers, having moved from one sector to another. Perhaps the best example is former Arthur Andersen chief executive Joseph Berardino, who niow runs a biotech start-up in Maryland. See story. Stephen...

By Mike Shepard | September 10, 2007; 11:11 AM ET | Comments (0)

The Sunday Paper

In the Sunday Business section, we look at where some restaurateurs are turning for funding to help open an eatery: their customers. See story Michelle Singletary looks into mortgage originators and some practices that have been used in the Washington area. See column Elizabeth Razzi welcomes Volkswagen to the area...

By Terri Rupar | September 9, 2007; 5:00 AM ET | Comments (0)

 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company