Archive: September 30, 2007 - October 6, 2007

Real Estate

Need to remodel? It might be easier to find a contractor with the current slowdown. See story Rivercrest in Loudoun and Lakeside in Centreville are profiled....

By Terri Rupar | October 6, 2007; 12:55 PM ET | Comments (0)

Early Briefing

*Nationally, employment rose by 110,000 jobs in September; figures from August were revised from a loss of 4,000 jobs to a gain of 89,000. Health-care and professional and technical services jobs gained; we talk to a day-care provider in Woodbridge and an Internet security firm in Bowie. See story The...

By Terri Rupar | October 6, 2007; 5:00 AM ET | Comments (0)

Early Briefing

* Sprint Nextel of Reston may be searching for a new chief executive. The Wall Street Journal says (registration required) the hunt is on, and analysts say they're seeing investor discontent. See story * Government workers, look around your offices. Some of your co-workers may be engaged in the ritual...

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

Carlyle Group Cofounder Outlines Firm's Vision for China

The Carlyle Group says China holds the key to the world economy's future. That may explain why Carlyle co-founder David Rubenstein spent part of Thursday morning hosting five students from Beijing's Tsinghua University's School of Economics and Management at the District-based private equity giant's headquarters. The five students had won...

By Mike Shepard | October 4, 2007; 4:33 PM ET | Comments (0)

Marriott's Third-Quarter Profit Slips 7 Percent

Marriott International reported a 7 percent decline in third-quarter earnings driven by falling profit in the Bethesda hotel operator's timeshare dvision and higher tax rates. See the company's statement. The company said it earned $131 million (33 cents a share) for the three months ended Sept. 7, down from $141...

By Mike Shepard | October 4, 2007; 1:46 PM ET | Comments (0)

Data File: Small Business Owners Remain Upbeat

Small business owners expect their sales and profits to be the same or better over the next six months, according to an economic outlook survey released today by PNC Bank. In a survey of 1,344 small and mid-sized business owners around the nation, most also said the credit squeeze and...

By Dan Beyers | October 4, 2007; 12:53 PM ET | Comments (0)

Early Briefing

* Employment in the Washington area increased, with the unemployment rate falling to 3 percent in August. That's the lowest of any metro area in the country. See story * CitiMortgage, a unit of Citigroup, plans to say today that it has set aside funding for mortgages to Washington area...

By Terri Rupar | October 4, 2007; 5:00 AM ET | Comments (0)

Urban Trust Bank Hires New Chief Executive

Daniel C. Fischer will replace Dwight L. Bush as chief executive officer of Bethesda-based Urban Trust Bank, Urban Trust Chairman Robert L. Johnson announced today. Bush said he was stepping down voluntarily after helping Johnson grow Urban Trust from a single, federally chartered savings bank in Orlando into what Bush...

By Mike Shepard | October 3, 2007; 6:43 PM ET | Comments (0)

CACI to Buy Columbia-Based Dragon Development

From the Associated Press CACI International, an Arlington-based information technology and network services provider, said today it will acquire Dragon Development for an undisclosed sum. See CACI's statement. Dragon Development, based in Columbia, provides professional, technical and engineering services for the intelligence community. The company's revenue is expected to eclipse...

By Mike Shepard | October 3, 2007; 6:26 PM ET | Comments (0)

Is Instant Messaging Morphing into Facebook?

AOL released AIM 6.5 today with extra features that will give online buddies more ways to socialize over the popular instant messaging service. Highlights include: AIM Tunes, the application's main new plug-in, lets buddies listen to each other's music over the Web for free. Of course, this Internet radio-like feature...

By Dan Beyers | October 3, 2007; 4:33 PM ET | Comments (1)

Early Briefing

* The Department of Energy declared that energy companies that operate in much of the Mid-Atlantic, including most of the Washington area, will be able to submit power-transmission expansion plans to the Federal Energy Regulatory Commission if they don't get what they want from state and local government. See story...

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

Update: Sallie Mae Responds to New Buyout Offer

From the Associated Press After a group of investors reduced its cash offer for Sallie Mae by 17 percent on Tuesday, the nation's largest student lender insisted that the buyers honor their original $25 billion deal. See Sallie Mae's statement. The investor group, which is led by private equity firm...

By Mike Shepard | October 2, 2007; 4:50 PM ET | Comments (0)

Cox Cable Adds Wireless Phone Service

Starting today, Cox cable customers in Northern Virginia can get wireless telephone servicefrom the company. Cox Communications launched a new wireless service through a partnership with Sprint Nextel in Fairfax County and Fredericksburg. The service, called Pivot, is part of Cox's "quad-play" communications package that also offers cable, phone and...

By Dan Beyers | October 2, 2007; 1:17 PM ET | Comments (0)

Buyout Firms Submit Revised Offer for Sallie Mae

From the Associated Press The group of investors that threatened to pull out of its deal to buy Sallie Mae for $25 billion on Tuesday reduced its cash offer for the nation's largest student lender by 17 percent. A Sallie Mae spokesman said the Reston company's board will review the...

By Mike Shepard | October 2, 2007; 12:49 PM ET | Comments (0)

T. Rowe Price Gets Its Dander Up

The WSJ reports (subscription required) on a squabble among Baltimore firms to illustrate the increasingly aggressive tactics by some mutual fund managers to protect their shareholders. "Early this year, mutual-fund manager Brian Berghuis learned that a company in his portfolio was targeted for takeover. Normally this would be good news....

By Dan Beyers | October 2, 2007; 7:06 AM ET | Comments (0)

Early Briefing

Here's some of the stories that appeared in the morning's paper: * Former secretary of homeland security Tom Ridge starts his own risk assessment and crisis management firm. See story. * Brinks shareholder Pirate Capital wants the Richmond security services company to allow shareholders to call special meetings and to...

By Dan Beyers | October 2, 2007; 6:38 AM ET | Comments (0)

Early Briefing 10.01.2007

Here are a few stories from Monday's Washington Business section: Prince William's efforts to build a high-tech business hub have met with mixed results. See story. In a few short years, Dyscern has gone from basement-startup to eBay success story, with $12 million in projected sales. But the Sterling online...

By Mike Shepard | September 30, 2007; 11:36 PM ET | Comments (0)

In Sunday's Paper

There's more in Sunday's Mega Real Estate section, including information on how you pick a house and a neighborhood - or vice versa. See story Washington's coal plants and traffic mean that its "pollution footprint" is out of proportion to its size. See story Hundreds of families living in housing...

By Terri Rupar | September 30, 2007; 5:00 AM ET | Comments (0)

 
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