Early Briefing

* AOL is moving to New York to be closer to advertisers. But it may be difficult to capture much of the online-ad market. See story

* Carlyle Group plans to announce the hiring of its first in-house lobbyist: David M. Marchick from Covington & Burling. See story

* The D.C. Council voted 12 to 1 yesterday to approve a bill that would require payday lenders to charge the same annual percentage rate as banks and credit unions. The lenders woul dhave to adhere to a 24 percent cap on the annual percentage rate charged on a loan. Payday lenders, of which there are 48 in the District, say that's not enough and it will put them out of business. See story

* Cisco Systems, the world's biggest maker of computer-networking equipment, agreed to buy Cognio, a private Germantown company that makes devices to detect and block interference in wireless Internet connections. Terms were not disclosed.

* Radio One of Lanham said it recently completed the sale of its radio stations in Louisville, Minneapolis and Dayton, Ohio, for $104 million.

* Sunrise Senior Living, based in McLean, said the New York Stock Exchange said it must file its annual earnings report for the year ended Dec. 31, 2006, before March 17 to retain its stock listing.

By Terri Rupar  |  September 19, 2007; 5:00 AM ET  | Category:  Morning Brief
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With the Carlyle Group hiring its first in-house lobbyist, expect other private equity firms to begin doing the same thing. Carlyle's new lobbyist might have quite a bit of success, given that the Carlyle Group is one of the most connected groups in the country. NewsVisual did two fascinating articles http://www.newsvisual.com/newsvisual/2007/09/click-here-fo-2.html on the Carlyle Group that also had interactive maps that showed their connections to Congress and the Treasury Dept.

Posted by: Jon | September 19, 2007 5:40 PM

AOL's recent deal with Hewlett-Packard seems like Time Warner's last attempt to revive AOL. If it fails then expect to see Time Warner possibly put AOL up for sale sometime next year. NewsVisual has written a few artices and created some Knowledge Maps http://www.newsvisual.com/newsvisual/2007/09/click-here-fo-3.html on this topic, they offer some interesting inside information. If AOL were to go up for sale, it seems Yahoo! would very likely be the strongest bidder.

Posted by: Jon | September 19, 2007 5:47 PM

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